Latest Business News Wires - Business Headlines


  • *U.S. CRUDE FUTURES EXTEND GAINS, UP $1 AT $92.67/BBL Thursday, 11 Sep 2014 | 2:03 PM ET
  • U.S. budget deficit at $129 billion in August Thursday, 11 Sep 2014 | 2:00 PM ET

    WASHINGTON, Sept 11- The U.S. budget deficit was $129 billion in August, down 13 percent from the same period last year, according to data released by the Treasury Department on Thursday.

  • PARIS, Sept 11- Britain's international partners are aghast, mostly in silence, at the possibility that one of the leading Western powers could break up and turn in on itself if Scotland votes next week for independence from London.

  • PARIS, Sept 11- Airbus and Qatar Airways have resolved a three-month old dispute that had been blocking the delivery of the first of ten A380s ordered by the Gulf airline, industry sources said.

  • NEW YORK, Sept 11- European stocks closed near a one-week low on Thursday and the dollar slipped against the euro after data showed more Americans tapping unemployment benefits, muddying the outlook for when the U.S. central bank might raise interest rates. The timing of an expected rate hike in the United States has become a central question for global markets.

  • US STOCKS-Wall St falls, biotech stocks weaker Thursday, 11 Sep 2014 | 1:48 PM ET

    NEW YORK, Sept 11- U.S. stocks were lower on Thursday, with biotechnology shares among the weakest of the day as investors continued to take profits. Celgene Corp was the biggest decliner on the S&P 500, off 3 percent at $91.28, while Vertex Pharmaceuticals was down 2.3 percent at $92.60.

  • *ECB would prefer not to be forced to do QE- Constancio. *Sees "most significant effect" from TLTROs. FRANKFURT, Sept 11- The European Central Bank would prefer not to be forced to spend billions of euros buying government debt, a process known as quantitative easing, but it cannot rule it out, ECB Vice President Vitor Constancio said in comments published on Thursday.

  • UPDATE 2-Fiat Chrysler CEO sticks to 2014 guidance Thursday, 11 Sep 2014 | 1:37 PM ET

    BALOCCO, Italy, Sept 11- Fiat Chrysler CEO Sergio Marchionne said on Thursday he saw no reason at present to review the carmaker's 2014 financial guidance despite tough European and Latin American markets.

  • TORONTO, Sept 11- A jump in online sales helped yogawear chain Lululemon Athletica Inc report a higher-than-expected quarterly profit on Thursday, mitigating some of the damage from a series of mishaps last year, while spurring it to increase its full-year earnings forecast and pushing its stock higher.

  • Sept 11- Kroger Co, the biggest U.S. supermarket operator, raised its full-year profit forecast and reported a better-than-expected 9 percent increase in quarterly profit on Thursday, helped by the acquisition of Harris Teeter Supermarkets Inc..

  • BRUSSELS, Sept 11- European Union antitrust regulators approved on Thursday British broadcaster BSkyB's planned $9 billion takeover of Rupert Murdoch's pay-TV companies in Germany and Italy, which will make it the biggest pay-TV provider in Europe. The merged company will have operations in Britain, Ireland, Germany, Austria and Italy.

  • EMC not considering sale of VMware stake -source Thursday, 11 Sep 2014 | 1:25 PM ET

    BOSTON, Sept 11- EMC Corp is not considering selling its stake in VMware Inc, a source familiar with EMC's thinking told Reuters on Thursday. The source declined to be named because they were not authorized to publicly discuss the matter.

  • CARACAS, Sept 11- President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month.


  • NEW YORK, Sept 11- Verizon Communications Inc plans to launch an Internet-based television service in the first half of next year, its chief executive said on Thursday, in a move intended to shake up traditional cable and satellite TV services. In January, Verizon bought an Intel Corp venture to create a web-based TV service.

  • MOSCOW, Sept 11- Russia's Foreign Ministry said on Thursday that the European Union had shown itself to be against the peace process in Ukraine by imposing a new set of sanctions against Moscow. "By taking this step, the European Union has de facto made its choice against a peaceful resolution of the inter-Ukrainian crisis," it said in a statement.

  • NEW YORK, Sept 11- Shares of Five Below, Men's Wearhouse and Restoration Hardware were lower on Thursday following results and forecasts. Shares of Restoration Hardware were down 2.8 percent, a day after it cut its full-year sales forecast. Five Below shares were down 0.9 percent after it said it expects current-quarter sales to be flat to slightly positive.

  • WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.

  • WASHINGTON, Sept 11- The U.S. economy likely grew at a much faster pace in the second quarter than previously estimated, according to data on Thursday that showed a big jump in healthcare spending.

  • NEW YORK, Sept 11- The highly anticipated debut of Alibaba Group Holding Ltd, the Chinese e-commerce group, will come amid the busiest year for initial public offerings since the technology bubble burst in 2000.. Alibaba's IPO, which could come as soon as Sept. 19, could raise more than $21 billion and claim Facebook Inc's title of biggest tech IPO.