Latest Business News Wires - Business Headlines


  • Boeing's 'space taxi' includes seat for a tourist Wednesday, 17 Sep 2014 | 7:33 PM ET

    CAPE CANAVERAL, Fla., Sept 17- Boeing Co's proposal to develop a so-called space taxi for NASA astronauts includes a seat for paying tourists to fly to the International Space Station, the company's program manager said on Wednesday, a first for a U.S. space program.

  • Sept 17- The U.S. Department of Agriculture on Wednesday gave final approval to new genetically modified corn and soybeans developed by Dow AgroSciences that, while heavily criticized by environmentalists and some farmers, are portrayed by Dow as an answer to weed resistance problems that limit crop production.

  • TOKYO, Sept 18- Confidence at Japanese manufacturers fell the most in nearly two years in September as a tax increase hit the economy harder than expected, a Reuters poll showed, suggesting further difficulty for the struggling recovery.

  • TOKYO, Sept 18- Confidence at Japanese manufacturers fell the most in nearly two years in September as a tax increase hit the economy harder than expected, a Reuters poll showed, suggesting further difficulty for the struggling recovery.

  • EBRD warns of erosion of post-Cold War "peace dividend" Wednesday, 17 Sep 2014 | 7:01 PM ET

    LONDON, Sept 18- The European Bank for Reconstruction and Development warned on Thursday that the crisis with Russia and Ukraine could erode some of the "peace dividend" eastern Europe gained when the Cold War ended. "The region is in the heavy shadow of the Ukraine/ Russia crisis," said EBRD Chief Economist Erik Berglof.

  • *Polling stations open at 0600 GMT on Thursday. EDINBURGH, Sept 18- Just hours before Scotland's independence referendum, the fate of the United Kingdom rests on hundreds of thousands of wavering Scottish voters, as opinion polls showed supporters of the 307- year union just a whisker ahead of secessionists.

  • *ECB to allot first TLTROs on Thursday at around 0915 GMT. FRANKFURT, Sept 18- The European Central Bank will hand out the first round of its new four-year loans on Thursday, the flagship tool in a new stimulus package it hopes will stave off deflation and revive the ailing euro zone economy.

  • BRASILIA, Sept 17- The Brazilian government will expand the "Minha Casa, Minha Vida" low-income housing program by 350,000 units to be built in the first half of next year, Finance Minister Guido Mantega said on Wednesday.

  • RIO DE JANEIRO, Sept 17- Royal Dutch Shell Plc and Total SA must accept Brazil's state-run Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator said Wednesday, a move that could strip Shell of operational control of the resource. She spoke at an oil industry event in Rio de Janeiro.

  • Sept 17- Farmland prices in Iowa, the top U.S. corn and soybean state, were down an average 3.4 percent over the past six months, and more than 8 percent from a year ago- pressured by lower grain prices and firmer interest rates, a twice-yearly survey of realtors said on Wednesday.

  • WASHINGTON, Sept 17- United Launch Alliance, a Boeing Co and Lockheed Martin Corp joint venture, said on Wednesday it would invest heavily in a new rocket engine being developed by Amazon.com Inc founder Jeff Bezos and his company Blue Origin.

  • Sept 17- The Michigan Strategic Fund board gave final approval on Wednesday for the sale of up to $450 million of 30- year revenue bonds for a downtown Detroit arena that will be home to the National Hockey League's Detroit Red Wings.

  • OTTAWA, Sept 17- The Canadian government will fine Canadian National Railway Co for failing to meet minimum weekly grain volumes under an official order demanding railways ramp up grain shipments or face penalties, a spokeswoman for Transport Minister Lisa Raitt said on Wednesday.

  • *Loose Fed policy likely to remain until well into 2017. WASHINGTON, Sept 17- Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy.

  • LOS ANGELES, Sept 17- The United States will closely follow the Scottish independence vote on Thursday because it has potentially big economic consequences, a top Obama administration official said.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.

  • WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday proposed a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.

  • WASHINGTON, Sept 17- The U.S. House of Representatives on Wednesday approved a stop-gap spending measure that averts an Oct. 1 government shutdown and extends the U.S. Export-Import Bank's ability to operate for another nine months.

  • Sept 17- Testosterone replacement therapies should be reserved for men with specific medical conditions that impair function of the testicles, an advisory panel to the U.S. Food and Drug Administration concluded on Wednesday. The FDA is not obliged to follow the advice of its advisory panels but typically does so.

  • NEW YORK, Sept 17- Jeffrey Gundlach's DoubleLine Funds filed on Wednesday with the U.S. Securities and Exchange Commission to register shares of its Long Duration Total Return Bond Fund.