Latest Business News Wires - Business Headlines


  • The FCC has received more than 1 million comments already on new rules for how Internet services providers should be allowed to manage web traffic on their networks. The FCC had set a deadline of July 15 for the initial comments and then September 10 for replies to those initial comments.

  • WASHINGTON, Aug 15- Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis.

  • *Tensions in Ukraine push yen, Swiss franc higher. NEW YORK, Aug 15- The dollar fell on Friday, hurt by generally weak U.S. economic data this week and heightened tensions in Ukraine that pushed Treasury yields lower. Russia denied its forces had crossed into Ukraine, calling the Ukrainian report "some kind of fantasy.

  • New York state pension funds grows 3.6 pct in Q2 Friday, 15 Aug 2014 | 3:50 PM ET

    NEW YORK, Aug 15- New York state's pension fund grew 3.58 percent to an estimated $180.7 billion in the first quarter of the state's fiscal year ending June 30, New York state's Comptroller said on Friday.

  • DETROIT, Aug 15- Ford Motor Co is recalling nearly 160,000 Focus ST sedans and Escape crossovers from model years 2013-2014 to correct a wiring problem that could affect engine performance, the company said on Friday. There are no crashes or injuries attributed to the problem, Ford said.

  • *Russia denies report Ukraine engaged Russia armored column. *VIX jumps on Russia, Ukraine concerns. Markets had opened higher on hopes of easing tensions between Russia and Ukraine, but shed those gains following the statement from Ukraine, which added later that its forces had come under shellfire from Russia.

  • NEW YORK, Aug 15- Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that claimed to suffer big losses because the German automaker fraudulently cornered the market in Volkswagen AG shares.

  • *Investors buy gold, Treasuries on Ukraine news. NEW YORK/ LONDON, Aug 15- Gold prices were slightly lower on Friday, paring losses on safe-haven buying as equity markets slid after Ukraine said its forces had engaged a Russian armored column on Ukrainian soil in what appeared to be a major military escalation.

  • SAO PAULO, Aug 15- Whichever way Brazil's steel industry looks it sees pain. "Only a crazy person would invest in Brazil right now," CSN Chief Executive Benjamin Steinbruch told a conference in Sao Paulo this week.

  • They include El Pollo Loco Holdings Inc, Zoe's Kitchen Inc, and Papa Murphy's Holdings Inc.. Shake Shack is present in many U.S. states including New York, New Jersey, Connecticut, Pennsylvania, Florida and Massachusetts.

  • Aug 15- Slackness in the labor market is keeping U.S. wages from rising, according to research published by the Chicago Federal Reserve Bank on Friday. So far, Fed Chair Janet Yellen has resisted that pressure, drawing in part on her view that low wage growth suggests the labor market is weaker than headline unemployment suggests.

  • OKLAHOMA CITY, Aug 15- More than $17 billion of Oklahoma oilman Harold Hamm's fortune could be subject to division with his estranged wife, according to an economic analysis presented in their divorce trial, defining the stakes in one of the biggest battles ever over a marital estate.

  • ORLANDO, Fla., Aug 15- Theme park operator SeaWorld Entertainment Inc. said on Friday it would nearly double the size of its San Diego killer whale tank and expand similar enclosures in Florida and Texas amid criticism over its treatment of the animals.

  • Aug 15- Online home-furnishings retailer Wayfair Inc filed for an initial public offering of its Class A common stock, the company said in a regulatory filing with the U.S. Securities and Exchange Commission on Friday. Wayfair, which filed to raise $350 million from the offering, said it intends to list its shares on the New York Stock Exchange under the symbol "W".

  • District Judge Thomas Griesa that Argentina cannot pay the bondholders until it also pays holdout investors who refused to restructure their debt in the wake of Argentina's 2001-2002 default.

  • NEW YORK, Aug 15- U.S. benchmark and long-term Treasuries yields fell to their lowest in over a year on Friday after rising tension between Russia and Ukraine drove safe-haven bids for the debt. Ukraine's President Petro Poroshenko said artillery had destroyed a "significant" part of a Russian armored column that had crossed into Ukraine during the night.

  • LONDON, Aug 15- German Bund yields hit a new record low on Friday as reports of attacks in Ukraine on a Russian convoy added impetus to a market buoyed by bets for more European Central Bank policy easing.

  • SAN FRANCISCO, Aug 15- FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.

  • BUENOS AIRES, Aug 15- Major world food supplier Argentina will send a trade delegation to Russia next week to try to increase exports to the country, which this month banned many Western products in response to sanctions over its intervention in Ukraine.

  • *Russia- exposed DAX leads regional fallers. LONDON, Aug 15- European shares sharply reversed earlier gains to end in negative territory on Friday, led down by the Russia- exposed DAX index, on news of a Ukrainian attack on a Russian convoy.