Latest Business News Wires - Business Headlines


  • HONG KONG/ MADRID, Dec 2- Esprit Holdings' chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of his former employer-now-rival, Zara.

  • The Reforma survey of 1,020 people showed that while 48 percent disapproved of Pena Nieto's job performance, up from 30 percent in April, just 44 percent approved.

  • BEIJING, Dec 2- China launched its first ever extraterrestrial landing craft into orbit en route for the moon in the small hours of Monday, in a major milestone for its space program.

  • *Tech adviser cites dramatic improvement since Oct. 1. Dec 1- Two months after the disastrous launch of a website that is a key component of President Barack Obama's healthcare law, administration officials said on Sunday they had met their goal of getting the HealthCare.gov site running smoothly but warned that it needs more fixes.

  • *Unemployment, inflation thresholds to guide rate decision. By Ann Saphir and Jonathan Spicer.

  • LONDON, Dec 1- A rush of key economic releases this week and the European Central Bank's last meeting of the year may help set the tone for investors and traders looking ahead to 2014..

  • KIEV, Dec 1- Ukrainian opposition leaders called on Sunday for President Viktor Yanukovich and his government to resign at a rally of about 350,000 people, the biggest protest in the capital Kiev since the "Orange Revolution" of nine years ago.

  • Dec 1- Two months after the disastrous launch of a key component of President Barack Obama's healthcare law, administration officials on Sunday said they had achieved their goal of getting HealthCare.gov operating smoothly but warned the website will need more fixes.

  • FRANKFURT, Dec 1- Troubled fashion retailer Esprit Holdings hopes to put an end to its losses as soon as next year, Chief Executive Jose Manuel Martinez told a German Sunday newspaper. Esprit swung to a net loss of HK $4.39 billion after revenue fell 14.1 percent to HK $25.9 billion in the fiscal year to end-June 2013.

  • HealthCare.gov 'deploying well,' says White House Sunday, 1 Dec 2013 | 9:48 AM ET
    A healthcare reform specialist helps people select insurance plans at the free Affordable Care Act (ACA) Enrollment Fair at Pasadena City College in Pasadena, California.

    "The bottom line, healthare.gov is night and day from where it was on Oct 1," said Jeff Zients on Sunday, who is in charge of fixing the web site.

  • WASHINGTON, Dec 1- The Obama administration declared victory on Sunday in its effort to get HealthCare.gov working smoothly for the vast majority of users, saying the site had reached a goal of handling 50,000 simultaneous users after a five-week "tech surge."

  • BERLIN, Dec 1- An American who won this year's Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine. He had also looked at "drastically" higher house prices in Rio de Janeiro and Sao Paulo in Brazil in the last five years.

  • BERLIN, Dec 1- A majority of Social Democrat supporters back the deal agreed last week with German Chancellor Angela Merkel's conservatives, polls showed on Sunday, signalling grassroots members may vote for the "grand coalition" in a ballot.

  • VANCOUVER, Dec 1- British Columbia is finalizing tax rules for companies seeking to export Canadian natural gas to Asia. Other countries, including the United States, are ahead of Canada in the race to export liquefied natural gas, a fuel that fetches far more in energy hungry Asia than in North America.

  • VANCOUVER, Dec 1- British Columbia, Canada's westernmost province, is working on a tax framework for a dozen new gas export terminals along its Pacific coastline. The majority of these proposed terminals would be in the Prince Rupert and Kitimat areas, port communities along Canada's west coast. Corp, Korea Gas Corp, PetroChina.

  • IC Power wins $1 bln power plant deal in Peru Sunday, 1 Dec 2013 | 7:40 AM ET

    JERUSALEM, Dec 1- IC Power has won a government tender worth $1 billion over 20 years to build a power plant in Peru that will provide reserves for the national power grid, IC Power's parent company Israel Corp said on Sunday.

  • KUWAIT, Dec 1- Iran said on Sunday it wanted stronger cooperation with U.S. ally Saudi Arabia, as it seeks to ease concerns among Gulf Arab neighbours about a potential resurgence in its influence following a nuclear deal with world powers.

  • Freeport says worker dead at Indonesian copper mine Sunday, 1 Dec 2013 | 6:21 AM ET

    TIMIKA/ JAKARTA, Dec 1- A worker was killed after an incident in an underground section of Freeport McMoRan Copper and Gold Inc's giant Grasberg copper mine in Indonesia, the company said.

  • JIQUITAIA, Brazil, Dec 1- They were heckled and called slaves of a communist state when they first landed, but in the poorest corners of Brazil the arrival of 5,400 Cuban doctors is being welcomed as a godsend.

  • NEW YORK/ TOKYO, Dec 1- U.S. airlines United, American and Delta, have notified Chinese authorities of flight plans when traveling through an air defense zone Beijing has declared over the East China Sea, following U.S. government advice. He will travel to Japan, China, and South Korea and try to ease tensions, senior American officials said.

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