GO
Loading...

Latest Business News Wires - Business Headlines

More

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • VIENNA, Nov 20- Iran has yet to explain suspected atomic bomb research to the U.N. nuclear agency, its head said on Thursday, just four days before a deadline for a comprehensive deal between Iran and six world powers to end the 12- year-old controversy. Secretary of State John Kerry will attend talks with Iran, France, Germany, Britain, Russia and China on Friday.

  • *Ukraine losses in Q3 at 14.4 bln rbls. MOSCOW, Nov 20- Russia's second-largest bank VTB expects a tough end to the year after posting a 98 percent slide in third-quarter profit because of higher provisions for bad loans, an economic slowdown and losses over Ukraine. The state-controlled bank, which was sanctioned by the United States and European Union over...

  • *Best Buy jumps after earnings beat. *GoPro falls after pricing follow-on shares at discount. *GoPro shares fell 6.2 percent to $74.19 in premarket trading after a follow-on-offering of 10.4 million shares priced at $75 per share, a 5.2 percent discount to Wednesday's $79.09 close.

  • *Oil services bounce back on Technip's offer for CGG. France's CGG jumped 23 percent on news of a 1.47 billion euro takeover offer from larger rival Technip, a bid that CGG rejected. Technip shares fell 6.5 percent, while Fugro surged 4.1 percent, Saipem rose 2.2 percent and TGS gained 2.1 percent.

  • Best Buy profit doubles as U.S. sales rise Thursday, 20 Nov 2014 | 7:18 AM ET

    Nov 20- Best Buy Co Inc, the largest U.S. consumer electronics retailer, said quarterly profit nearly doubled as operating costs fell. The company said net income attributable to shareholders rose to $107 million, or 30 cents per share, in the third quarter ended Nov. 1, from $54 million, or 16 cents per share, a year earlier. Total revenue rose slightly to $9.38 billion...

  • CHICAGO, Nov 20- Illinois faces an uphill battle to defend on Thursday the constitutionality of a law aimed at easing the state's huge unfunded pension liability. Illinois has the worst-funded state retirement system and its huge unfunded pension liability has helped pound its credit ratings to the lowest level among states. That argument was bolstered by a...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • Nov 20- General Motors Co:.

  • Russia has little to offer in oil price war Thursday, 20 Nov 2014 | 6:53 AM ET

    *Russia needs oil price of $100 to balance budget. MOSCOW, Nov 20- Russia can do little to shore up slumping global prices even if OPEC wants it to. Before next week's meeting of OPEC, Russia has already spoken to group member Venezuela about the need to "coordinate actions in defence" of oil prices and it plans to send a high-ranking delegation to press the message.

  • JinkoSolar profit more than doubles on strong demand Thursday, 20 Nov 2014 | 6:42 AM ET

    Nov 20- JinkoSolar Holding Co Ltd's third-quarter profit more than doubled, helped by strong demand for its solar panels. Net income attributable to JinkoSolar rose to $45.7 million, or $1.32 per American Depositary Share, in the third quarter ended Sept. 30, from $16.9 million, or 72 cents per ADS, a year earlier. Revenue rose 30 percent to $417.3 million.

  • LONDON/ BEIJING, Nov 20- Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected and China's factories lost momentum. Markit's Composite Flash Purchasing Managers' Index for November, based on surveys of thousands of companies and seen as a good growth indicator, fell to 51.4,...

  • LONDON, Nov 20- Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, though gains were limited by dollar strength after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year. Spot gold was up 1 percent at $1,195.34 an ounce at 1049 GMT, while U.S. gold futures for December delivery...

  • VIENNA, Nov 20- The head of the U.N. nuclear agency said on Thursday that Iran had again failed to provide explanations about suspected atomic bomb research, as a deadline looms for a comprehensive deal between Iran and six world powers to end the long-running controversy. Iran is holding talks with the United States, France, Germany, Britain, Russia and China in...

  • LONDON, Nov 20- Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage. In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months,...

  • *Takata, auto execs to testify at U.S. hearings. *BMW backs Takata air bag output shift to Germany. WASHINGTON/ TOKYO, Nov 20- Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.

  • YEKATERINBURG/ MOSCOW, Russia, Nov 20- Russia's VSMPO-Avisma, the world's largest titanium producer, dismissed concerns on Thursday that its output could be affected by a mine accident suffered by its main raw material supplier, Uralkali. VSMPO, whose biggest customers are Airbus and Boeing, said it had enough stocks of carnallite ore, a raw material used in...

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home of Europe's largest financial centre, said the law will push up fixed pay and goes beyond the EU's treaty powers, a sensitive subject at a time of...

  • *OPEC will cut production to 30 m bpd target- Libyan official. LONDON, Nov 20- Brent crude oil fell below $78 a barrel on Thursday, as the demand outlook was hit by weak economic data in China and Europe, outweighing support from possible cuts in oil output at an OPEC meeting next week. "We've had disappointing data from China and Europe, and U.S. crude inventories are high,...

  • LAGOS, Nov 20- Nigeria's main share index fell for the third straight day on Thursday, shedding more than 3 percent in volatile trading as investors sold off relatively liquid consumer and oil stocks, dealers said. Dangote Cement, which accounts for a third of total market capitalisation, fell 7.1 percent. Foreign investors, which dominate trades on the local...