Latest Business News Wires - Business Headlines


  • UPS ratifies new five-year labor agreement Thursday, 24 Apr 2014 | 5:02 PM ET

    April 24- United Parcel Service Inc, the world's biggest courier company, said on Thursday it ratified a five-year contract with higher wages and benefits for 125,000 unionized employees represented by the International Brotherhood of Teamsters.

  • HONG KONG, April 25- On the face of it, an IPO for WH Group, the world's biggest pork company, should have been an easy sell.

  • SAN FRANCISCO, April 24- Amazon.com Inc's revenue grew more than expected for the first quarter, offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce giant branches into new businesses. Amazon reported earnings per share of 23 cents, in line with expectations.

  • April 24- Cirrus Logic Inc, a supplier to Apple Inc, forecast current-quarter revenue well above analysts' estimates, helped by strong demand for its audio chips from the iPhone and iPad maker, sending its shares up 4 percent after the bell.

  • April 24- Cliffs Natural Resources Inc, which is facing off against an activist investor who wants to break up the company, reported a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal.

  • April 24- Synaptics Inc reported better-than-expected third-quarter results as demand from mobile phone makers for its touchscreen chips surged, sending its shares up more than 12 percent in after-hours trading.

  • April 24- Property and casualty insurer Chubb Corp reported a weaker-than-expected first-quarter profit, hurt by higher catastrophe losses related to severe winter in the United States. On an operating basis, Chubb earned $1.50 per share, below analysts' average estimate of $1.56 per share, according to Thomson Reuters I/B/E/S.

  • LES CAYES, Haiti, April 24- With the sun barely up, beads of sweat already dot the brow of a barefoot farmer as he hacks at the soil with a pickax, digging up a precious root that has been dubbed Haiti's "super-crop."

  • *Apple rallies a day after announcing 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check.

  • April 24- Starbucks Corp on Thursday reported that quarterly sales at established stores in its U.S.-dominated Americas region slightly accelerated as it attracted more customers, who spent more during each visit. That figure included a 6 percent increase for the Americas region that contributes the majority of Starbucks' revenue.

  • Visa and rival Mastercard Inc have been helped by increasing consumer spending in the United States and a shift to plastic payments in emerging markets. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, from $1.27 billion, or $1.92 per Class A share, a year earlier.

  • SAN FRANCISCO, April 24- Amazon.com Inc reported higher-than-expected revenue growth in the first quarter and boosted its investments in technology, content and warehouses as the e-commerce giant branches out into new businesses.

  • NEW YORK, April 24- Charles Schwab Corp has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday.

  • WASHINGTON, April 24- While energy reforms have opened the door for Mexico's state-run energy company to expand overseas, its focus for now will be on developing its "low-hanging fruit," the head of Pemex said on Thursday.

  • April 24- Touchscreen chip maker Synaptics Inc's third-quarter revenue rose 25 percent due to a surge in sales to mobile phone makers. Synaptics reported a net loss of $40.1 million, or $1.12 per share for the quarter ended March 31, compared with a net income of $36.4 million, or $1.07 per share, a year earlier.

  • NEW YORK, April 24- Major U.S. companies including Clorox and Kraft are favoring more bonds in the mix for their employees' defined benefit pension plans, even amid signs the three-decade bull run in bonds is on its last legs.

  • April 24- Scott London, a former senior partner at the accounting firm KPMG LLP, was sentenced by a federal judge in Los Angeles on Thursday to 14 months in prison for insider trading. When he was confronted by the FBI, he protected KPMG and his clients by fully cooperating immediately. " London, U.S. District Court, Central District of California, No. 13- cr-00379.

  • April 24- Cirrus Logic Inc, a supplier to Apple Inc, reported better-than-expected quarterly results, helped by strong demand for its audio chips from the iPhone and iPad maker. Cirrus gets three-quarters of its revenue from Apple, which on Wednesday beat Wall Street estimates on its iPhone sales in the quarter ended March.

  • Visa's quarterly profit rises 26 pct Thursday, 24 Apr 2014 | 4:15 PM ET

    April 24- Visa Inc, the world's largest credit and debit card company, reported a 26 percent rise in quarterly profit as consumers spent more using cards on its network. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, in the second quarter ended March 31 from $1.27 billion, or $1.92 per Class A share, a year earlier.

  • Amazon posts higher-than-expected first-quarter revenue Thursday, 24 Apr 2014 | 4:14 PM ET

    SAN FRANCISCO, April 24- Amazon.com Inc reported a 32- percent jump in first-quarter net income on Thursday as the largest U.S. online retailer's revenue rose a better-than-expected 23 percent.