Latest Business News Wires - Business Headlines


  • Wal-Mart Stores Inc, Target Corp, Toys R Us, Macy's Inc, J.C. Penney Co Inc and Best Buy Co Inc were among the brick-and-mortar chains that started their online deals early. "All of them are behind Amazon, but some are starting to catch up," said Edward Jones analyst Brian Yarbrough.

  • A check by Reuters showed visitors waiting for the Florida, Pennsylvania and South Carolina markets. But the queue in Pennsylvania and South Carolina quickly disappeared as volumes fluctuated. "The real challenges remain, and that's downstream," said Rick Howard, research director for the technology consultant Gartner. "

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

  • HOUSTON, Dec 2- Venezuela's state-run oil company PDVSA and U.S. refiner Valero Energy Corp are running tests to evaluate the restart of five units at the 235,000 barrel per day Aruba refinery, which was shut last year over high costs, according to three sources familiar with the situation.

  • Chen took over as CEO a month ago after BlackBerry abandoned a plan to sell itself. BlackBerry, once the market leader in on-the-go email, has suffered a drastic loss of market share to Apple Inc's iPhone and devices powered by Google Inc's Android software. "We know that BlackBerry devices are not for everyone.

  • Cognizant to hire 10,000 in US in next 3 years Monday, 2 Dec 2013 | 1:55 PM ET

    Dec 2- Cognizant Technology Solutions Corp will hire at least 10,000 people in the United States over the next three years, the IT services firm's president, Gordon Coburn, said.

  • *Bank of Japan considers options to expand stimulus. NEW YORK, Dec 2- The dollar rallied 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.

  • CHICAGO, Dec 2- Illinois will sell $350 million of bonds on Dec. 12, just over a week after the state legislature is expected to vote on a bill to rein in the state's huge public pension costs, the state announced on Monday.

  • NEW YORK, Dec 2- U.S. stocks rebounded slightly from a weak start on Monday after robust factory data that pointed to steady economic growth, while the yen tumbled on news that the Bank of Japan is considering expanding its stimulus.

  • BRASILIA, Dec 2- Brazil posted a trade surplus in November that was more than five times expectations, official data showed on Monday, but even so the country remained on track to end the year with its first annual deficit in more than a decade.

  • BEIJING, Dec 2- British Prime Minister David Cameron promised China's leaders on Monday he would advocate a multi-billion-dollar free trade deal between Beijing and the European Union, riling the EU executive which rejected the move as premature.

  • UPDATE 7-Oil rises $2; China and U.S. data strong Monday, 2 Dec 2013 | 12:51 PM ET

    *China manufacturing PMI at 18- month high. NEW YORK, Dec 2- Brent crude jumped by more than $2 a barrel on Monday in reaction to strong manufacturing data from both China and the United States and extended gains on rumors of some Russian cancellations. Brent crude for January traded up $2.14 to $111.83 a barrel by 12:19 p.m. EST.

  • LONDON, Dec 2- Copper extended last month's losses on Monday as upbeat U.S. economic data spurred renewed fears about the Federal Reserve trimming monetary stimulus and the dollar strengthened. "It's the dollar, which is firmer now, and probably renewed caution about when the Fed is going to taper," Frankfurt- based Commerzbank analyst Daniel Briesemann said.

  • *Retailers down; Tesco, Debenhams fall after downgrades. LONDON, Dec 2- European shares edged lower on Monday as German steelmaker ThyssenKrupp plummeted after failing to find a buyer for its problematic Brazilian mill and British retailers were hit by margin worries.

  • But many hedge funds are now branching out into long-only products in an effort to diversify and expand their business, putting them in direct competition with fund managers like Schroders, Standard Life and Pimco.

  • Dec 2- Forest Laboratories Inc, which is facing patent expirations on several of its biggest drugs, on Monday said it plans to buy rights to a new schizophrenia treatment from Merck& Co and cut annual operating costs by $500 million in fiscal 2016..

  • LONDON, Dec 2- German bond yields rose on Monday as data showing factories producing steadily in the euro zone and the United States dented hopes that major central banks will provide further support to the economy.

  • *Blackstone not selling shares; to retain 76.2 pct stake. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group's investment. Blackstone has invested about $6.8 billion in Hilton and its 76.2 percent stake after the IPO will be worth up to $15.7 billion.

  • UPDATE 1-EADS founders to face trial in insider case Monday, 2 Dec 2013 | 12:15 PM ET

    PARIS, Dec 2- Two founding industrial shareholders of Airbus parent EADS will join a group of current and former managers on trial in a long-running insider trading case, prosecutors said on Monday, but EADS called for charges to be dismissed.

  • Dec 2- Akamai Technologies Inc said it will spend about $370 million to acquire Prolexic Technologies Inc, a pioneer in fighting distributed denial of service attacks, cyberthreats that cripple networks by overwhelming them with Internet traffic.

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