GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Dec 4- Apparel retailer Aeropostale Inc forecast a much bigger-than-expected loss for the holiday-shopping quarter as it struggles to keep up with the tastes of young shoppers, sending its shares down 4 percent in extended trading. Aeropostale, under pressure from some investors to sell itself, also reported its fourth straight quarterly loss.

  • Researchers at New York University and University of California, Berkeley analyzed 96 metropolitan areas across the United States to see how a lack of economic integration within cities affects people's economic fortunes.

  • SAN FRANCISCO, Dec 4- Billionaire investor Carl Icahn said on Wednesday that he has filed a shareholder proposal with Apple for a much smaller stock buyback plan than he has advocated previously, as he continued to pressure Apple to share more of its cash pile.

  • NEW YORK, Dec 4- The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus.

  • NEW YORK/ LONDON, Dec 4- The price of gold rose nearly 2 percent for its biggest one-day gain in over a month on Wednesday, as heavy short-covering and new fund buying more than offset concerns the Federal Reserve may soon exit its bullion-boosting asset purchase scheme.

  • WASHINGTON, Dec 4- Three Wall Street trade groups sued the U.S. Commodity Futures Trading Commission on Wednesday to rescind tough overseas trading guidelines they fear could hurt markets and cut profits.

  • *Thomson Reuters/ Core Commodity CRB at a 5- week high. NEW YORK, Dec 4- Gold rebounded 2 percent on a surge of short-covering after hitting a five-month low while U.S. oil rose for the fourth straight session on an unexpected drop in U.S. stockpiles, lifting the benchmark commodities index to a five-week high.

  • NEW YORK, Dec 4- The Dow and the S&P 500 closed down for a fourth consecutive session on Wednesday as uncertainty grew over when the Federal Reserve will start to slow its stimulus. Based on the latest available data, the Dow Jones industrial average fell 24.85 points, or 0.16 percent, to end unofficially at 15,889.77.

  • NEW YORK, Dec 4- U.S. crude oil futures rose more than $1 on Wednesday, a fourth straight day of gains as government data showed an unexpected fall in U.S. stockpiles in the world's largest oil consumer.

  • *Collapse of 7 World Trade Center crushed Con Ed substation. NEW YORK, Dec 4- A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming from the Sept. 11, 2001 attacks.

  • As part of the settlement, former Fifth Third Chief Financial Officer Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant for any publicly traded company, the SEC said on Wednesday. The SEC case arose after the U.S. real estate downturn had caused a surge in nonperforming assets at Fifth Third.

  • Billionaire investor Icahn steps up pressure on Apple Wednesday, 4 Dec 2013 | 3:49 PM ET

    SAN FRANCISCO, Dec 4- Billionaire investor Carl Icahn said on Wednesday that he has filed a shareholder proposal with Apple for a much smaller stock buyback plan than he has advocated previously, as he continued to pressure Apple to share more of its cash pile.

  • Dec 3- A former hedge-fund analyst who argued that Dendreon Corp's therapeutic vaccine for prostate cancer may hasten the death of patients has reached a settlement with U.S. securities regulators over failure to disclose her financial interests in the company.

  • Dec 4- Some day, perhaps soon, interest rates are going to start to go up decisively. Personal finance writer Suze Orman, for example, has stated the case, equating that right to get your principal investment back with carrying a lower risk. Cliff Asness co-founder of AQR Capital Management writes in the Financial Analysts Journal.

  • WASHINGTON, Dec 4- A U.S. lawmaker critical of Wall Street is pushing the nation's six largest banks to voluntarily disclose their donations to think tanks, saying that not doing so threatens the credibility and research of these policy groups.

  • *Investors unsure of Fed's timing for tapering. NEW YORK, Dec 4- U.S. stocks declined on Wednesday, with the S&P 500 off for a fourth straight session as investors worried that the market's rally to record levels was not justified, given uncertainty over when the Federal Reserve will start to slow its stimulus.

  • Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.

  • WASHINGTON, Dec 4- Three Wall Street trade groups sued the U.S. Commodity Futures Trading Commission on Wednesday to stop tough overseas trading guidelines that they fear could hurt markets and reduce their profits.

  • U.S. FDA warns of flaw in some Philips defibrillators Wednesday, 4 Dec 2013 | 2:55 PM ET

    The FDA the following month declared a Class II recall on the devices, citing a "remote" chance of severe adverse consequences or death due to the product flaw. FDA spokeswoman Jennifer Rodriguez said the agency issued its safety advisory on Tuesday because Philips has been unable to reach a significant number of its customers, to point out the potential risk.

  • Dec 4- Fifth Third Bancorp, a Midwest U.S. regional bank, has agreed to pay $6.5 million to settle U.S. Securities and Exchange Commission charges that it accounted improperly for commercial real estate loans during the 2008 financial crisis, reducing its reported loss.

Most Popular Video

Thursday, 17 Apr 2014 | 4:13 PM ET

Dissecting today's market activity and the current state of financials, with Yra Harris, Praxis Trading partner; Larry Glazer, Mayflower Advisors; CNBC contributor Carol Roth; "Fast Money" Guy Adami and CNBC's Kate Kelly.

Thursday, 17 Apr 2014 | 5:46 PM ET

CNBC voice over talent Jim Birdsall shares the top 5 sayings from traders on "Fast Money" over the years.

Thursday, 17 Apr 2014 | 6:40 PM ET

Mad Money's Jim Cramer reflects on CNBC's evolution over the past 25 years.