Latest Business News Wires - Business Headlines


  • TOKYO/ BEIJING, April 24- Three employees at one of Marubeni Corp's grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move sources told Reuters was prompted by allegations the unit evaded taxes on soy bean imports.

  • *Copper was up 0.2 percent at $6,683.50 a tonne after ending flat on Wednesday. *The most-traded July copper contract on the Shanghai Futures Exchange rose half a percent to 46,860 yuan a tonne.

  • NEW YORK, April 23- A U.S. federal judge denied a bid by Apple Inc on Wednesday to hold off a trial in a case brought by state attorneys general accusing the company of conspiring with five major publishers to fix e-book prices.

  • TOKYO, April 24- Japanese shipping firm Mitsui O.S.K. Lines Ltd has paid about $39 million to a Chinese court towards securing the release of one of its ships which was seized over an alleged payments dispute dating back to World War Two, Japanese media reported on Thursday.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • GLOBAL MARKETS-Apple shares jump 8 pct, Asian stocks lag Wednesday, 23 Apr 2014 | 8:50 PM ET

    SYDNEY, April 24- Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a muted cheer on the news. Seoul shares added 0.2 percent as Samsung Electronics climbed 1.7 percent, but Japan's Nikkei struggled to make any headway at all.

  • WASHINGTON, April 23- U.S. weapons maker Northrop Grumman Corp on Wednesday reported a higher-than-expected quarterly profit and raised its earnings forecast, despite a drop in sales and continued concerns about cuts in U.S. military spending.

  • SINGAPORE, April 24- Gold was little changed on Thursday, hovering near the weakest in more than two months, as a rally in equities dimmed its appeal as an alternative investment and jewellers looked for prices to fall further. *Gold was quoted at $1,283.65 an ounce by 0023 GMT.

  • Apple resets the clock as investors await next big thing Wednesday, 23 Apr 2014 | 8:45 PM ET

    SAN FRANCISCO, April 23- Apple Inc just bought itself some much-needed time. To top it all off, Apple unveiled a 7- for-1 stock split that should go down well with individuals who want a piece of a household name but could not afford to fork over $500 a share.

  • U.S. crude gained 14 cents to $101.58 a barrel by 0028 GMT, after settling 31 cents lower in the previous session. Oil exports from Iraq's southern terminals are heading for a record high in April, according to loading data and industry sources, reflecting Iraq's efforts to expand capacity and deliver supply growth in 2014..

  • LIMA, April 23- Peru's finance minister said on Wednesday the government was cutting its view of economic growth for full year 2014 to 5.7 percent from its earlier estimate of 6 percent.

  • SEOUL, April 24- South Korea's economy grew at a steady pace in the first quarter, data showed on Thursday, a sign that a recovery is gaining momentum and reinforcing expectations for an interest rate hike later this year.

  • WASHINGTON, April 23- Herbalife, a weight loss and nutrition company being investigated for allegations of running a pyramid scheme, disciplined hundreds of distributors last year for making unsubstantiated medical claims about its products, ABC News reported on Wednesday.

  • SEOUL, April 24- SK Hynix Inc., the world's second-largest memory chipmaker, reported a 35 percent rise in first-quarter operating profit as a key China plant returned to full production and boosted sales.

  • DIARY - Emerging Markets Economic Events to May 6 Wednesday, 23 Apr 2014 | 8:02 PM ET

    April 24- For other related diaries, please. ANKARA- Central Bank of Turkey holds Monetary Policy Committee meeting- 1100 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee meeting.

  • FOREX-Kiwi flies on hawkish RBNZ, euro eyes ECB speech Wednesday, 23 Apr 2014 | 7:53 PM ET

    SYDNEY, April 24- The New Zealand dollar rallied on Thursday after the country's central bank lifted interest rates and signalled more hikes ahead, while caution ahead of a speech by the European Central Bank kept the euro subdued.

  • GLOBAL MARKETS-Tech sector brightens as Apple jumps 8 pct Wednesday, 23 Apr 2014 | 7:47 PM ET

    *New Zealand dollar higher as central bank hikes rates. SYDNEY, April 24- Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures.

  • SEOUL, April 24- South Korea's SK Hynix Inc said on Thursday its first-quarter operating profit picked up sharply from a year earlier, spurred by a rise in shipments of personal computer memory chips as a key China factory resumed full production.

  • SEOUL, April 24- South Korea posted a seasonally adjusted quarterly economic growth of 0.9 percent in the January-March period led by exports and construction investment, the same as in the previous quarter, the central bank estimated on Thursday.

  • *Carmen Segarra denied whistleblower protection over firing. NEW YORK, April 23- A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group Inc..