GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • *Markit manufacturing hits 4- month high. NEW YORK, March 2- U.S. stocks advanced on Monday, with the Nasdaq nudging above the 5,000 mark for the first time in 15 years, as a round of mixed data pointed to a slowly accelerating economy. Fundamentals are good enough at technology companies, the biggest group on Nasdaq, that the index should be able to stay above 5000, said...

  • NEW YORK, March 2- DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, on Monday reported a net inflow of $1.59 billion in February, compared with a record net inflow in January of $3.04 billion. The Los Angeles- based firm, co-founded by Jeffrey Gundlach, said the DoubleLine Total Return Bond Fund, the firm's largest fund by total...

  • "We believe that Webster is now trading at an over $1 billion discount to fair value," the New York- based fund wrote in a letter sent to Webster Chief Executive Officer James Smith and seen by Reuters. Kerrisdale began accumulating its 2 million shares, or roughly 2 percent stake, in Webster in January, founder Sahm Adrangi told Reuters. Connecticut- based Webster...

  • *Honeywell to invest 50 bln naira in flourmill unit. LAGOS, March 2- Nigerian conglomerate Honeywell group plans to invest 150 billion naira over the next 2-3 years to fund growth across its businesses and will list one or two subsidiaries on the local bourse, its chairman said. Oba Otudeko told the Reuters Africa Investment Summit on Monday that Honeywell, with...

  • KIEV, March 2- Before she was appointed to head Ukraine's central bank last June, Valeriia Gontareva was praised as one of the most successful investment bankers in the country. outside her office in Kiev. Certainly, no central banker would envy her record on paper: in less than nine months since she took office, the hryvnia has fallen to around 30 to the dollar from...

  • LONDON, March 2- Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates before retreating on worries about slowing Chinese growth. The rate cut is showing the readiness of the Chinese government to fight against the slowdown, "said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

  • NEW YORK, March 2- New York City's 1.1 million public school students were allowed for the first time in years to take their cellphones to school on Monday, when a controversial ban on them was lifted. "I think it's way past time for this ban to be lifted," said Mona Davids, who heads the New York City Parents Union. Schools in major cities across the United States,...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • DETROIT, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents...

  • *Tullow down on project delay and FTSE demotion worries. The Greek banking index fell nearly 10 percent, while lenders National Bank of Greece, Piraeus Bank and Alpha Bank fell 10.0 to 11.8 percent to feature among the top decliners. "The fears about a possible default for Greece are certainly not completely off the table," Gerhard Schwarz, head of equity strategy at...

  • *Nestle to export Maggi to Britain, U.S. LAGOS, March 2- Nestle Nigeria's chief executive expects the firm's capital expenditure to slow to its lowest level in five years after a currency devaluation dampened customer spending in Africa's biggest economy. Dharnesh Gordhon told Reuters Africa Investment Summit that consumers in Africa's most populous nation...

  • FACTBOX-How Europe's "bad banks" have fared Monday, 2 Mar 2015 | 12:12 PM ET

    Belgium had two major banking failures, Fortis and Dexia. With the former, toxic assets were purchased for 11.7 billion euros by a separate vehicle Royal Park Investments, owned by Fortis, the Belgian state and BNP Paribas. Credit Suisse and Lone Star Funds bought RPI's assets for 6.7 billion euros in 2013. RPI is active now only in U.S. legal disputes.

  • NEW YORK, March 3- With thousands of free downloads at the ready with the swipe of a finger, parents of tweens face a daunting question: How much are they willing to spend to lure their children away from electronic devices? A real-life classic version of the board game costs around $21, compared to 99 cents for the app. At the annual Toy Fair in New York in mid-February,...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • MOSCOW, March 2- Russia may face net capital outflows of around $30 billion in the first quarter and $90- $100 billion in 2015 as a whole, Finance Minister Anton Siluanov told reporters on Monday. The forecast implies a fall from last year's record net capital outflow of $151.5 billion. He added that Russia was unlikely to tap foreign capital markets next year, for...

  • FOREX-Dollar touches 11-year peak as euro gains fade Monday, 2 Mar 2015 | 11:58 AM ET

    *ECB policymakers meet in Cyprus on Wednesday, Thursday. The yen was off 0.45 percent at 120.07 yen to the dollar in late-morning New York trade. "The dollar's long-term trend is up but it now is in some consolidation," said Paul Christopher, international strategist at Wells Fargo in St Louis.

  • DUBLIN/ MADRID, March 2- Europe's tough treatment of Greece's new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid's ruling parties' re-election prospects back on track. They both toed the line with Germany in demanding that Greece stick to its bailout commitments- a...

  • NEW YORK, March 2- Shares of Lumber Liquidators Holdings Inc dropped more than 20 percent on Monday after a news report said its products failed to meet safety standards, allegations the hardwood flooring retailer denied. While Lumber Liquidators has been under pressure since 2013, new concerns about its business emerged after the CBS news program "60 Minutes"...

  • *Markit manufacturing hits 4- month high, ISM hits 13- month low. NEW YORK, March 2- U.S. stocks advanced on Monday to push the Nasdaq above the 5,000 mark for the first time in fifteen years, as a round of mixed data pointed to a slowly accelerating economy. "Five thousand on the Nasdaq, it's been a long time coming," said Peter Kenny, chief market strategist at Clearpool...

  • March 2- A U.S. appeals court ruled on Monday that an elderly Manhattan woman's rent-stabilized lease could not be seized and sold to satisfy her creditors after she filed for bankruptcy, a decision that could affect more than 2 million New Yorkers. The 2nd U.S. Circuit Court of Appeals said Mary Santiago-Monteverde's lease, which she has had for more than four...