GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • NEW YORK, Jan 23- The billionaire hedge fund manager Louis Bacon has filed a $50 million defamation lawsuit against the Canadian fashion designer Peter Nygård, escalating a long-running battle between the owners of neighboring properties in an exclusive gated community in the Bahamas. Nygård "caused these brazen lies to be published with actual malice and...

  • For more than a year Ford has said its ability to get auto parts for its operations in Venezuela have been hampered by the valuation of the Venezuelan bolivar, and made the accounting change effective Dec. 31. General Motors Co, Clorox, Procter& Gamble, Baker Hughes and Brink's have also taken hits to their respective bottom lines in the past year because of the...

  • Atlantic City vs Detroit: Who is better off? Friday, 23 Jan 2015 | 5:22 PM ET

    Jan 23- "At least we're not Detroit," Atlantic City's Mayor joked just last week during his state of the city address. Yet by some measures, Atlantic City is in worse shape than Detroit, with which it shares such traits as a high poverty rate. While the Motor City's Big Three automakers emerged from crisis by the time Detroit was being restructured, Atlantic City's...

  • HAVANA, Jan 23- A senior U.S. diplomat in Cuba for negotiations with Havana on restoring long-frozen diplomatic relations met a group of dissidents on Friday, seeking to underline Washington's concern over human rights but irritating the island's communist government. But Havana has stressed that efforts to normalize ties should not be accompanied by...

  • The uncertainty bodes especially ill for Masonite International Corp, Armstrong World Industries Inc, Mohawk Industries Inc and Masco Corp, which get nearly a fifth of their revenues from Europe. Fortune Brands Home& Security Inc, Norcraft Cos Inc and PGT Inc have relatively lower exposure to Europe, where new home sales this year have slowed in major markets,...

  • Jan 23- Morgan Stanley granted Chief Executive James Gorman about $4.4 million worth of restricted stock as part of his 2014 bonus.

  • NEW YORK, Jan 23- Connecticut governor Dannel Malloy ordered a second round of spending cuts in two months on Friday, slicing $31.5 million more from the state's $20 billion budget as officials warned of "very tough choices" ahead. The move was aimed at closing a $31.6 million projected deficit this fiscal year that Connecticut's chief financial watchdog...

  • NEW YORK, Jan 23- European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank's plan for massive regional economic stimuli that also knocked the euro to 11- year lows. The currency has lost more than 7 percent since the start of the year and is on track for its biggest monthly fall since the depths of the financial crisis...

  • OPEC announced last November it would keep output steady at 30 million barrels a day, despite pleas from some members for it to cut output to support prices and revenues. Stuart Glickman, an equity analyst at S&P Capital IQ, said there was no indication OPEC would cut production soon. "It's a calculated bet that the shale producers in the U.S. can't withstand the pain...

  • *Credit Suisse cuts Exxon to' underperform'. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes. Materials shares weighed on the S&P 500, falling 1.6 percent after Goldman Sachs cut its price target on various...

  • NEW YORK, Jan 23- U.S. stocks fell on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish research notes. The Dow Jones industrial average fell 141.38 points, or 0.79 percent, to 17,672.6, the S&P 500 lost 11.33 points, or 0.55 percent, to 2,051.82 and the Nasdaq...

  • RIO DE JANEIRO/ SAO PAULO/ MILAN, Jan 23- Oi SA, Brazil's most indebted phone carrier, is open to all options in a potential process of industry consolidation as long as the transaction helps create value for shareholders, Chief Executive Officer Bayard Gontijo said on Friday. However, management at Telecom Italia SpA, TIM's controlling shareholder, plans to meet...

  • Jan 23- Moody's Investors Service slashed Atlantic City's credit rating six notches deeper into junk territory on Friday, a day after New Jersey Governor Chris Christie appointed an emergency manager with a mandate to consider a debt restructuring. Atlantic City has about $344 million of long-term debt outstanding. The order from Christie to consider a...

  • NEW YORK, Jan 23- European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank's plan for massive regional economic stimuli that also knocked the euro to fresh 11- year lows. Wall Street fell on soft corporate earnings news after the S&P 500 had rallied 1.5 percent on Thursday's $1 trillion bond-buying announcement...

  • Jan 23- Expedia Inc has acquired online travel agency Travelocity from technology company Saber Corp for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues. The deal follows a 2013 marketing agreement in which Expedia Inc's technology powered platforms for Travelocity's U.S. and...

  • Jan 23- MasterCard Inc said it would allow its cards issued in the United States to be used in Cuba, effective March 1. MasterCard was removing the block following guidance from the U.S. Department of Treasury's Office of Foreign Assets Control, the company said in a post on its website. MasterCard shares were trading flat at $84.49 in afternoon trading on Friday on...

  • NEW YORK, Jan 23- Timkensteel Corp, a producer of high-quality steel used in products ranging from oil rigs to fighter jets, looks to be an attractive takeover candidate as its shares slide, said Eric Marshall, lead portfolio manager of the $1.3 billion Hodges Small Cap fund. Energy-related products account for approximately 30 percent of Timkensteel's...

  • NEW YORK, Jan 23- U.S. Treasury yields fell on Friday as European government bond yields dropped to record lows, a day after the European Central Bank said it would launch new stimulus in an effort to boost sagging regional growth and stave off deflation. "We're trading higher in sympathy with what's going on in Europe," said Ian Lyngen, senior government bond...

  • Assistant Secretary of State Roberta Jacobson met some of Cuba's dissidents on Friday to emphasize the importance the United States places on human right in talks with Cuba on restoring diplomatic ties. The meeting ruffled Cuba, which has stressed that efforts to normalize ties should not be accompanied by meddling in its internal affairs.

  • *UPS shares fall after outlook, FedEx also lower. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies, which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. UPS was the largest drag on the S&P 500 after its guidance...