Latest Business News Wires - Business Headlines


  • Nikkei flat after rally, lingering Fed optimism supports Thursday, 19 Jun 2014 | 10:05 PM ET

    *Market cautious over overbought signs in Japanese shares. TOKYO, June 20- Japan's Nikkei share average was flat in choppy trade on Friday as investors booked profits from the previous day's rally, but the mood remained upbeat on lingering optimism the U.S. "The good mood is still lingering," said Kyoya Okazawa, head of global equities at BNP Paribas.

  • COLUMN-China can learn from U.S. how to cut smog: Kemp Thursday, 19 Jun 2014 | 10:01 PM ET

    LONDON, June 20- New air pollution standards on emissions of mercury and other heavy metals from coal-fired power plants will avert up to 11,000 premature deaths every year in the United States.

  • June 19- Midstream energy company Targa Resources Corp said on Thursday it is no longer in discussions with Energy Transfer Equity LP, the pipeline company controlled by billionaire Kelcy Warren, regarding a deal.

  • METALS-Zinc at 16-month high, eyes best week this year Thursday, 19 Jun 2014 | 9:17 PM ET

    SINGAPORE, June 20- London zinc futures climbed to their highest in 16 months on Friday and were set to post their biggest weekly gain this year, boosted by falling global supply.

  • UPDATE 4-GE reshapes Alstom offer to appease France Thursday, 19 Jun 2014 | 8:34 PM ET

    *GE to sell rail signalling unit to Alstom. *Alstom board to decide by Monday, no Alstom comment. PARIS, June 19- General Electric revised its bid for the power arm of Alstom on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens and Mitsubishi Heavy Industries.

  • SINGAPORE, June 20- Gold eased on Friday after posting its biggest one-day rise in nine months but the safe-haven metal was still trading near April highs and was on track to post its best week in two months, boosted by technical buying and geopolitical tensions.

  • NYMEX-U.S. crude up for 2nd day on Iraq supply risks Thursday, 19 Jun 2014 | 8:30 PM ET

    SEOUL, June 20- U.S. crude futures climbed towards $107 a barrel in early Asian trade on Friday, supported by the risk of conflict in Iraq disrupting oil supplies, as the United States said it would send military advisers to the country.

  • *World share index hits record high, Japan stocks near 5- month top. SYDNEY, June 20- An index of global stocks was near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered policies would stay super loose in the United States, Europe and Japan for a long time to come.

  • SAN FRANCISCO, June 19- Investors in March fired G. Steven Burrill as the head of a $283 million venture-capital fund he ran, amid alleged fraud and misuse of capital, according to a lawsuit.

  • DIARY - Top economic Events to July 2 Thursday, 19 Jun 2014 | 8:01 PM ET

    LUXEMBOURG- Meeting of the Economic and Financial Affairs Council. BRUSSELS- ECB Executive Board member Yves Mersch speaks at the panel discussion on "What form of fiscal capacity does the EMU need? of the conference "Economic shock absorbers for the Eurozone: Deepening the debate on automatic stabilisers" in Brussels, Belgium.

  • *Dollar index steadier, off one-month lows. SYDNEY, June 20- The dollar stayed under pressure early on Friday, but managed to reverse some of its losses in a quieter session overnight after upbeat U.S. data helped temper the fallout from the Federal Reserve's surprisingly dovish policy outlook.

  • NEW YORK, June 19- Dov Charney, the ousted founder of hipster clothing brand American Apparel Inc, has seen his share of lawsuits accusing him, and the company, of misdeeds ranging from sexual harassment to misleading shareholders. Here are some of the cases Charney and American Apparel have faced since its founding in the late 1990 s.

  • SAN FRANCISCO, June 19- Oracle Corp on Thursday posted fiscal fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services, sending its shares lower.

  • The debt package exceeds $40 billion and includes a bridge loan of roughly $20 billion from Japan's Softbank Corp to Sprint, as well as some $20 billion refinancing of T-Mobile's existing debt, the people said this week.

  • June 19- General Motors Co may end up compensating many more people than the families of 13 victims it has linked to a faulty ignition switch, as it considers waiving key legal defenses in order to resolve injury and death cases out of court.

  • The patent court had split 5-5, effectively upholding a lower court decision but offering no clear guidance, prompting the Supreme Court to take the case.

  • SAN JOSE, Calif., June 19- A U.S. judge on Thursday said she had concerns about approving a $324.5 million settlement involving Apple, Google and two other tech companies in a lawsuit accusing them of conspiring to avoid poaching each other's workers.

  • *BofA, Barclays, Citigroup and Credit Suisse among lead underwriters. June 19- Shares of Markit Ltd rose as much as 12.5 percent in their market debut, valuing the financial data provider at $4.83 billion and raising about $1 billion for its 12 bank shareholders.

  • June 19- Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process was not started.

  • *Telenor stake for sale worth $7.1 billion. OSLO, June 19- Norway's government will ask parliament for the right to cut its stakes in telecommunications company Telenor and industrial group Kongsberg Gruppen to 34 percent of each entity, the trade minister said on Thursday.