GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • Jan 22- Audio products maker Harman International Industries said it would acquire two privately held companies for a combined $950 million in cash and stock to bulk up its offerings for the "connected car." Harman, home to brands such as JBL, Mark Levinson and Harman Kardon, said it would buy Symphony Teleca, a software services company, for $780 million, and Israel-...

  • *ECB takes QE plunge with plan worth more than 1 trillion euros. *European shares hit seven-year high, Wall Street seen higher. LONDON, Jan 22- European shares climbed to a seven-year high and the euro fell to an 11- year low on Thursday, as world markets cheered the European Central Bank's plans for a stimulus programme worth more than 1 trillion euros.

  • *Verizon, American Express both fall after results. *Royal Bank of Canada to buy City National. NEW YORK, Jan 22- U.S. stocks rallied in volatile trading on Thursday after the European Central Bank announced expanded measures to stimulate the region's sagging economy, as expected.

  • BOSTON, Jan 22- Star bond fund manager Bill Gross has pumped more than $700 million of his own money into the Janus Global Unconstrained Bond Fund, Janus Capital Chief Executive Dick Weil said on Thursday. "At the end of 2014, Bill had invested more than $700 million of his personal money in the Global Unconstrained Bond Fund," Weil said on a conference call.

  • DAVOS, Switzerland, Jan 22- German Chancellor Angela Merkel warned fellow European leaders on Thursday not to ease off on economic reforms after the European Central Bank announced bold new moves to bolster growth in the euro area. Speaking to a large audience at the World Economic Forum in Davos, Switzerland, just as ECB President Mario Draghi was unveiling a...

  • BUENOS AIRES, Jan 22- The death of a prosecutor investigating the bombing of a Jewish community center was not a suicide, as was initially reported, Argentine President Cristina Fernandez said on Thursday. He had accused Fernandez of trying to derail his investigation into the bombing and was due to present his case to Congress hours later on Monday.

  • NEW YORK Jan 22- New Jersey governor Chris Christie plans on Thursday to introduce former Detroit emergency manager Kevyn Orr as part of an emergency management team for struggling Atlantic City, according to a press invitation to the event. A former corporate bankruptcy lawyer at the firm Jones Day, he most recently guided Detroit through the biggest-ever...

  • COPENHAGEN, Jan 22- The Danish central bank cut its key policy rate on Thursday for the second time this week to defend the crown's peg to the euro after the European Central Bank unveiled a stimulus package that weakened the single currency. Thursday's decision followed the announcement of a 60 billion euro a month bond-buying programme by the ECB to help...

  • Oil majors seek to claw back costs from service firms Thursday, 22 Jan 2015 | 10:30 AM ET

    While keen to avoid accusations of ganging up to force terms on suppliers, they are exploring measures that are likely to put further pressure on services companies such as Schlumberger and Halliburton, which have already cut thousands of jobs as business shrinks. In 2000 s, when we became rich, we became less cost-efficient, "said Claudio Descalzi, chief...

  • "It is unclear at this point whether or not this move up in the trend reflects issues seasonally adjusting the data around the holidays or if it represents a more meaningful deterioration in the labor market," said Daniel Silver, an economist at JP Morgan in New York. State-level data for the week ending Jan. 10 showed an increase in claims in the oil-producing...

  • Jan 22- The S&P 500 index will become 505 after Comcast Corp, Twenty-first Century Fox Inc and News Corp add new share classes. S&P Dow Jones Indices said it changed its methodology to include all publicly listed multiple share class lines separately for each index after reviewing client feedback. Before the additions announced on Thursday, the index already...

  • LONDON, Jan 22- European government borrowing rates plummeted to record lows, the euro weakened and stock markets rallied on Thursday after the European Central Bank launched a landmark bond buying programme. The stubbornly stagnant euro zone economy and falling consumer prices in the currency bloc prompted the ECB to unveil a 60 billion euro a month...

  • UPDATE 2-Russian assets jump after ECB announces QE Thursday, 22 Jan 2015 | 10:18 AM ET

    MOSCOW, Jan 22- The rouble and Russian stocks jumped on Thursday on a firmer oil price and the European Central Bank launching a quantitative easing programme. But oil prices may be supported by faster economic growth in Europe, the aim of the ECB's plan. In light of this, we think RUB might continue recovering, as we have argued before, " VTB Capital analysts wrote.

  • Gunvor: no rebound to $100 oil, contango to deepen Thursday, 22 Jan 2015 | 10:18 AM ET

    AMSTERDAM, Jan 22- Oil trader Gunvor's head of analysis said on Thursday crude was unlikely to return to $100 a barrel in the foreseeable future, but prices were expected to be volatile as traders sought to move oil into storage during the current glut. David Fyfe, formerly research chief at the International Energy Agency, said OPEC would not want to see a return to...

  • Bill Gross invested more than $700 mln in Janus bond fund Thursday, 22 Jan 2015 | 10:18 AM ET

    BOSTON, Jan 22- Star bond fund manager Bill Gross has pumped more than $700 million of his own money into the Janus Global Unconstrained Bond Fund, Janus Capital Chief Executive Dick Weil said on Thursday. "At the end of 2014, Bill had invested more than $700 million of his personal money in the Global Unconstrained Bond Fund," Weil said on a conference call.

  • Jan 22- Canadian Pacific Railway Ltd, Canada's second-largest railroad operator, reported a higher-than-expected quarterly profit as freight volumes jumped and operating efficiency improved. Net income rose to C $451 million, or C $2.63 per share, from C $82 million, or 47 Canadian cents per share, a year earlier, when the company had taken an impairment charge...

  • Jan 22- JPMorgan Chase& Co Chief Executive Officer Jamie Dimon is expected to receive a total pay package for 2014 that is similar to the $20 million he was given the year before, the Wall Street Journal reported, citing people familiar with the matter. The report did not say how much Dimon, 58, received in salary, bonus and equity grants for 2014, but in 2013 he...

  • *Verizon, American Express both fall after results. *Royal Bank of Canada to buy City National. NEW YORK, Jan 22- U.S. stocks fell modestly on Thursday after the European Central Bank announced expanded measures to stimulate the region's sagging economy, as expected, while shares of some bellwether U.S. companies fell on disappointing results.

  • European shares hit seven-year highs as ECB unveils QE Thursday, 22 Jan 2015 | 10:10 AM ET

    PARIS, Jan 22- European stocks hit seven-year highs on Thursday after the European Central Bank unveiled a bond-buying scheme in a bid to revive the region's economy and stave off deflation. ECB President Mario Draghi said the central bank would embark on a quantitative easing program which, together with existing schemes, will pump 60 billion euros a month...

  • PRECIOUS-Gold rebounds after ECB launches QE programme Thursday, 22 Jan 2015 | 10:10 AM ET

    LONDON, Jan 22- Gold erased earlier losses on Thursday after the European Central Bank launched a multi-billion euro bond-buying programme aimed at reviving a sagging euro zone economy. Gold is usually seen as a hedge against inflationary concerns. "Gold is reacting to what Draghi has to say, to the bigger package that was announced and to rebounding inflation...