Latest Business News Wires - Business Headlines


  • The latest salvo in the war on escalating U.S. healthcare costs came from AHIP- America's Health Insurance Plans- and targeted Sovaldi, the new $84,000 hepatitis C treatment from Gilead Sciences Inc..

  • May 20- Law firm leaders at Patton Boggs in Washington, D.C., were tallying votes on Tuesday on a proposed merger with Squire Sanders, a deal that is expected to be approved and that would provide financial relief to struggling Patton Boggs. The firm has represented Amazon.com, Facebook, Inc. and Exxon Mobil Corp., according to the center.

  • WASHINGTON, May 20- Lockheed Martin Corp said on Tuesday that more than 100 union members who had been on strike at a Mississippi space center since late last week voted to accept the company's contract offer and would return to work on Wednesday.

  • WASHINGTON, May 20- Republicans must get behind a push to scrap the U.S. Export-Import Bank when its charter comes up for renewal later this year to end handouts to big business, a senior lawmaker said on Tuesday. "Today I call upon every Republican in Congress to let Ex-Im expire.

  • May 20- The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable levels.

  • WASHINGTON, May 20- U.S. consumer bureau officials were slow to fix performance reviews that were unfair to minority and older employees, despite complaints, a union leader will tell lawmakers on Wednesday.

  • SEATTLE, May 20- Flight attendants at Virgin America airlines are seeking a vote on whether to unionize, according to an official at the Transport Workers Union, in a move that could pave the way for organized labor's latest victory in the airline industry.

  • SAN FRANCISCO, May 20- When Jonathan Lyens ordered a car on Uber's mobile app, the driver took one look at his service animal and considered taking off. San Francisco regulators and the National Federation of the Blind are looking into claims that drivers for the rides-on-demand service have refused to ferry people with service animals.

  • BOSTON, May 20- A sophisticated hacking group recently attacked a U.S. public utility and compromised its control system network, but there was no evidence that the utility's operations were affected, according to the Department of Homeland Security.

  • WASHINGTON, May 20- U.S. consumer bureau officials were slow to fix performance reviews that were unfair to minority and older employees, despite complaints, a union leader will tell lawmakers on Wednesday.

  • WASHINGTON, May 20- President Barack Obama gathered executives from several major international companies on Tuesday, including Ford Motor Co and Deutshe Lufthansa AG, to discuss a White House initiative to encourage investment in the United States.

  • Federal Reserve cleared a key procedural hurdle in the Senate on Tuesday, virtually assuring that the noted economist will join the central bank's board within days. The Senate agreed 62-35 to limit debate on the nomination, allowing for a final vote just after midday on Wednesday. Fischer is widely expected to win Senate approval.

  • WASHINGTON, May 20- Deutsche Lufthansa AG is recovering from a pilot strike in April and views competition from state-owned carriers as one of its biggest challenges, its new chief executive told Reuters in an interview on Tuesday.

  • CHICAGO, May 20- Illinois Republicans on Tuesday started laying out their plans to stop Governor Pat Quinn and the Democrat-controlled legislature from keeping the state's personal income tax rate at 5 percent.

  • WASHINGTON, May 20- Taking aim against corporate tax avoidance, Democrats in the U.S. Congress called on Tuesday for curbs on U.S. multinationals that shift tax domiciles abroad in deals known as "inversions."

  • May 20- Minnesota Governor Mark Dayton on Tuesday signed into law legislation to finance more than $1 billion in capital improvement projects with bonds and cash.

  • May 20- Detroit's plan to deal with $18 billion of debt so it can exit municipal bankruptcy faces a crucial test on Wednesday, when a panel of Michigan state lawmakers votes on legislation, opposed by some conservatives, to provide state funding for the city.

  • The company said it now expects a loss of 10- 12 cents per share on revenue of $683 million- $713 million for its seasonally weak fourth quarter. Intuit had previously forecast a loss of 2- 4 cents per share on revenue of $710 million to $720 million.

  • Japan retailers target new big spenders - tourists Tuesday, 20 May 2014 | 5:00 PM ET

    TOKYO, May 21- In ageing Japan, retailers are waking up to a hot new demographic: foreign visitors. In 2013, they spent $14 billion on everything from powdered green tea to Prada handbags, to rare, red-coral rings.