Latest Business News Wires - Business Headlines


  • NEW YORK/ LOS ANGELES, May 14- Rebecca Sumrow is one of the customers food and restaurant company executives have in mind when they consider raising prices to offset higher costs as meat and milk soar to record highs.

  • SINGAPORE, May 14- Brent futures held above $109 a barrel on Wednesday near a two-week high, boosted by expectations of a fall in U.S. oil inventories, and supported by the deteriorating situation in Ukraine and the potential for other supply disruptions.

  • China's yuan gains but market fears more weakness Wednesday, 14 May 2014 | 12:13 AM ET

    HONG KONG, May 14- China's yuan briefly hit a one-week high on Wednesday as some investors used recent weakness in the currency to add positions, though the broader market remained unconvinced the yuan's rise is sustainable.

  • BEIJING/ SHANGHAI, May 14- Chinese police on Wednesday said they had charged the British former China head of drugmaker GlaxoSmithKline PLC and other colleagues with corruption, after a 10- month probe found they paid billions of yuan in bribes to doctors and hospitals.

  • I started throwing up, "said one 16- year-old worker, who worked pulling tops off of tobacco plants to help increase yields, according to Human Rights Watch, which interviewed 141 youths aged 7 to 17 working on tobacco farms in Kentucky, North Carolina, Tennessee and Virginia.

  • SYDNEY/ SINGAPORE, May 14- The euro languished near five-week lows against the dollar on Wednesday, having come under renewed pressure as markets grow more convinced the European Central Bank will ease policy next month. The euro inched up 0.1 percent to about $1.3715, staying within sight of Tuesday's low near $1.3688.

  • SEOUL, May 14- Unassuming, media-shy and, as yet, unproven, Jay Y. Lee is the unofficial heir-apparent to lead Samsung Electronics Co Ltd, as the world's biggest technology group by sales approaches a crossroads after years of explosive growth.

  • Police say GlaxoSmithKline China head ordered bribery Tuesday, 13 May 2014 | 11:28 PM ET

    Mark Reilly, former head of China operations, and two other executives, Zhang Guowei and Zhao Hongyan, were also suspected of bribing officials in the industry and commerce departments of Beijing and Shanghai, Xinhua said.

  • May 13- Moody's Investors Service downgraded New Jersey's debt to' A1' late on Tuesday, making it the last of the three big Wall Street credit rating agencies to cut the state's bonds to single-A because of a large, unpredicted revenue shortfall and other fiscal pressures.

  • BECKLEY, W.Va., May 13- The West Virginia coal mine where a collapse this week killed two workers had "chronic compliance issues" and received numerous citations from inspectors last year, federal authorities said on Tuesday.

  • LAUNCESTON, Australia, May 14- Many Australians will castigate the country's new conservative government for a tough first budget that saw cuts to welfare and hikes to taxes, but some of the blame lies with China.

  • *Nikon hits lowest since March 2011 on profit decline f'cast. *Sony, megabanks' earnings eyed on Wednesday. TOKYO, May 14- Japan's Nikkei average edged down on Wednesday, slipping from a 1-1/ 2- week high on profit-taking after big gains the previous day, while Kadokawa Corp and Dwango Co soared on a media report that the two firms plan to merge.

  • METALS-Nickel comes off 27-month highs; copper steady Tuesday, 13 May 2014 | 9:40 PM ET

    SYDNEY, May 14- London nickel slipped on Wednesday, losing steam after supply concerns drove a rally of more than 15 percent in three days, while London copper steadied on the prospect that a slowdown in top consumer China could be countered by fresh stimulus.

  • May 13- Anyone in the United States with $1,500 can now buy Google Inc's still-in-beta Google Glass, the Internet company said on a blogpost on Tuesday. Google said it "decided to move to a more open beta," and said anyone in the United States could buy the Internet-connected Glass eyewear as long as stocks lasted.

  • A U.S.- Japan summit last month had shaken the two countries free of a stalemate over access to Japan's farm and auto markets in the Trans-Pacific Partnership, but more work was needed before a broad agreement could be reached, the official said.

  • MOUNTAIN VIEW, Calif., May 13- Google Inc's self-driving car technology likely will not be available for several more years.

  • NYMEX-US crude nears $102 on oil inventory data Tuesday, 13 May 2014 | 8:52 PM ET

    *U.S. crude for June delivery was up 23 cents to $101.93 a barrel at 0041 GMT after gaining $1.11 to close at $101.70 in the previous session, its highest settlement since April 29. *Brent oil rose 14 cents to $109.38, after gaining 83 cents to close at $109.24 a barrel.

  • SINGAPORE, May 14- Platinum and palladium retained on Wednesday sharp gains made overnight on worries that increasing labour tensions in major producer South Africa could hurt supply, while gold edged up on escalating violence in Ukraine.

  • GLOBAL MARKETS-Asian shares edge up, euro pressured Tuesday, 13 May 2014 | 8:11 PM ET

    TOKYO, May 14- Asian shares inched up on Wednesday, while the euro wobbled close to five-week lows on heightened speculation of more European Central Bank stimulus next month. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading.

  • DIARY - Emerging Markets Economic Events to May 26 Tuesday, 13 May 2014 | 8:02 PM ET

    May 14- For other related diaries, please. WASHINGTON- World Bank President Jim Yong Kim and former U.S. Secretary of State Hillary Clinton participate in an event for women's empowerment in Washington- 2115 GMT.