Latest Business News Wires - Business Headlines


  • NEW YORK, June 3- Billionaire philanthropist and former heavyweight natural gas trader John Arnold became aware of the ailing U.S. public pension system years ago, before unprecedented municipal bankruptcies highlighted the gravity of the situation.

  • WASHINGTON, June 3- The U.S. Commerce Department found there are unfair government subsidies of solar imports from China in a preliminary ruling on Tuesday and suggested duties of up to 35.21 percent on the products.

  • *Nonfarm payrolls forecast increasing 218,000 in May. WASHINGTON, June 3- U.S. job growth likely slowed in May and the unemployment rate probably ticked up, but not by enough to upset the view that the economy is bouncing back strongly after a winter slump.

  • NEW YORK, June 3- The euro held gains against the U.S. dollar on Tuesday, recovering ground as subdued euro zone inflation data kept market expectations for European Central Bank stimulus measures intact ahead of Thursday's meeting.

  • MEXICO CITY, June 3- The Mexican unit of Spain's Telefonica said on Tuesday it will focus on expanding its mobile business rather than adding new services as it tries to capitalize on a regulatory overhaul and steal market share from telecoms tycoon Carlos Slim.

  • NEW YORK, June 3- U.S. stocks inched lower in low volume on Tuesday, with the Dow and the S&P 500 receding from Monday's record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies' shares limited losses. The Dow Jones industrial average fell 21.29 points or 0.13 percent, to end unofficially at 16,722.34.

  • Deals of the day- Mergers and acquisitions Tuesday, 3 Jun 2014 | 4:03 PM ET

    **Pilgrim's Pride Corp, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages. **Germany's Siemens said on Tuesday it called off the sale of its baggage handling and postal automation business.

  • *U.S., China data fuels hope economy is stabilizing. NEW YORK, June 3- Brent crude steadied and U.S. crude erased earlier losses to push higher on Tuesday as economic data from the United States and China supported prices that have been under pressure recently because of increasing global oil production.

  • *Dow, S&P 500 ended at records on Monday. NEW YORK, June 3- U.S. stocks were little changed on Tuesday, with the Dow and the S&P 500 near Monday's record closing levels as traders found few reasons to buy following a string of gains, though a rise in semiconductor companies' shares limited losses. Google Inc shares fell 1.6 percent to $545.04 and weighed on the Nasdaq.

  • DAMASCUS, June 3- Syrians voted on Tuesday in an election expected to deliver an overwhelming victory for President Bashar al-Assad but which his opponents have dismissed as a charade in the midst of Syria's devastating civil war. Assad, looking relaxed and wearing a dark blue suit and light blue tie, voted at a central Damascus polling station with his wife Asma.

  • WASHINGTON, June 3- U.S. dairy farmers and milk processors on Wednesday threatened to oppose a Pacific trade deal if Japan and Canada do not agree to accept substantially more dairy imports.

  • LUHANSK, Ukraine, June 3- Stepping over shrapnel strewn across a leafy park in the eastern Ukrainian city of Luhansk, pro-Russian rebel leader Vasily Nikitin gives his version of what happened in the few seconds of violence that killed eight people in broad daylight.

  • June 3- It is this year's bargain: central banks will remain easy, allowing asset prices to march higher despite all those pesky details about growth and inflation.

  • PARIS, June 3- German Chancellor Angela Merkel has asked France whether it would be willing to put forward International Monetary Fund chief Christine Lagarde as president of the European Commission, two French sources briefed on the exchanges said.

  • CHICAGO, June 3- Quality Egg LLC and two top executives on Tuesday admitted to selling substandard eggs containing a "poisonous" substance and bribing a federal inspector in a food-safety scandal that sickened tens of thousands, the U.S. Department of Justice said.

  • BERLIN, June 3- A Reuters report that German Chancellor Angela Merkel has asked France whether it would be willing to put forward IMF chief Christine Lagarde as president of the European Commission is untrue, a German government spokesman said on Tuesday. What the chancellor said publicly yesterday still stands, " Steffen Seibert said.

  • June 3- The city of Chicago has filed a lawsuit against five large narcotics makers alleging they contributed to the country's prescription drug epidemic by deceptively promoting their painkillers.

  • DOHA/ DUBAI, June 3- Qatar sealed its position at the center of a new aviation map this week as host to the annual meeting of the global airline industry's International Air Transport Association, but the Gulf country and its neighbors drew criticism from rivals about trade and investment policies.

  • YOUR MONEY-Who owns your email account? Tuesday, 3 Jun 2014 | 2:39 PM ET

    Pittsburgh, June 3- One morning in April, my Yahoo email account was disabled for no apparent reason. In the seven weeks since my account was shut, I've spent about 12 hours on hold with Yahoo customer service and corresponded with the company at least 15 times.