Latest Business News Wires - Business Headlines


  • *Bank of Japan planners consider options to expand stimulus. NEW YORK, Dec 2- The dollar climbed to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.

  • Euro shines in 2013, complicating deflation fight Monday, 2 Dec 2013 | 10:12 AM ET

    LONDON, Dec 2- The euro is poised to become the best performing major currency of 2013, defying expectations of weakness for another year but complicating the European Central Bank's fight to avert deflation. Federal Reserve and the Bank of Japan, making the euro a more attractive investment.

  • DETROIT, Dec 2- Chrysler Group LLC said on Monday it will offer a new small commercial van for the North American market based on parent Fiat's Doblo van. The Ram ProMaster City will be built at a Fiat joint venture plant in Turkey. The plant, called Tofas, is a joint venture of Turkish conglomerate Koc Holding AS and Fiat SpA.

  • TORONTO, Dec 2- Barrick Gold Corp, the world's largest gold producer, is poised to announce a board shuffle and name a new chief operating officer, according to several sources familiar with the situation.

  • WASHINGTON, Dec 2- The U.S. Supreme Court declined on Monday to tackle the long-standing question of whether Internet retailers like Amazon.com Inc should be required to collect sales taxes in states where they have no physical presence.

  • U.S. Supreme Court throws out Ford tax ruling Monday, 2 Dec 2013 | 10:04 AM ET

    WASHINGTON, Dec 2- The U.S. Supreme Court on Monday sent a $470 million tax dispute between Ford Motor Co and the Internal Revenue Service back to a lower court for further review. Ford was denied a $470 million interest payment by a Michigan district court in 2010. The U.S. appeals court ruled against Ford in December 2012.

  • BANGKOK, Dec 2- Thai Prime Minister Yingluck Shinawatra said on Monday she would "open every door" to find a peaceful solution to a political crisis gripping Bangkok as police used rubber bullets against protesters seeking to topple her government.

  • *Zain is Sudan's top mobile operator, lacks fixed line. *Canar is Sudan's No.1 fixed line operator. DUBAI, Dec 2- Etisalat could resurrect talks to sell its Sudanese telecom arm Canar to Kuwait's Zain, as both sides remain keen on a deal despite a breakdown in negotiations earlier this year, a source close to the matter said.

  • DUBAI/ DOHA, Dec 2- With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its army-backed government: the absentee is Qatar, rattled by the collapse of Islamist power in the biggest Arab country.

  • Ukraine protests increase risks of currency crisis Monday, 2 Dec 2013 | 9:44 AM ET

    MOSCOW, Dec 2- Massive protests against President Viktor Yanukovich have done yet more damage to Ukraine's already-poor investment case, increasing the risk of a currency crisis before an election in early 2015..

  • REFILE-SpaceX plans third launch attempt on Monday Monday, 2 Dec 2013 | 9:39 AM ET

    CAPE CANAVERAL, Fla. Dec 2- Space Exploration Technologies, also known as SpaceX, plans to try again on Monday to launch its first commercial communications satellite after its Falcon 9 rocket was twice sidelined by technical issues, officials said.

  • NEW YORK, Dec 2- U.S. stocks were little changed at the open on Monday, in the wake of eight straight weeks of gains and ahead of data which could provide some clues on the strength of the economy.

  • *Deutsche, Goldman Sachs, BofA and Morgan Stanley lead underwriters. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.

  • *Iran, Libya, Nigeria, Iraq all below capacity. Iran, Libya, Nigeria and Iraq of the 12- member group account for a large proportion of global supply outages that total some 3.6 million barrels per day on the 90 million bpd world market.

  • NEW YORK, Dec 2- U.S. Investors are evaluating when the Fed is likely to view the economic recovery as being strong enough to begin paring its $85 billion- a-month bond purchase program, after the U.S. central bank in September surprised investors, who were expecting a cut in purchases, by leaving it unchanged.

  • NEW YORK, Dec 2- U.S. stocks were set for a flat open on Monday, in the wake of eight straight weeks of gains, after data showed manufacturing rebounded in November and ahead of two reports which could provide some clues on the strength of the recovery.

  • NEW YORK, Dec 2- U.S. manufacturing growth rebounded from a one-year low in November, while factory output grew at its fastest pace in 20 months, an industry report showed on Monday. Output grew at its fastest clip since March 2012 after nearly flat-lining in October.

  • Dec 2- Dow Chemical Co said it would sell a bulk of its chlorine operations- its oldest business- as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion. Dow Chemical, like other U.S. chemical makers such as Dupont, is moving away from providing a wide range of products to focus on electronics, packaging and agriculture.

  • Biogen says FDA extending review of hemophilia drug Monday, 2 Dec 2013 | 8:58 AM ET

    Dec 2- Biogen Idec Inc on Monday said the U.S. Food and Drug Administration will extend by three months its deadline for reviewing the company's experimental long-acting medicine for hemophilia.

  • Dec 2- Food services provider Aramark Holdings Corp said it expects to price its initial public offering at between $20 and $23 per share, valuing the company at about $5.3 billion. Aramark was taken private in 2006 for $8.3 billion by chairman Joseph Neubauer and private equity investors including GS Capital Partners, JP Morgan Partners and Warburg Pincus.

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