Latest Business News Wires - Business Headlines


  • SAN FRANCISCO, Nov 22- Microsoft Corp sold over 1 million of its new Xbox One game consoles within 24 hours of their hitting store shelves on Friday, on par with Sony Corp's PlayStation 4 despite launching in far more countries. Sony said it sold 1 million PS4 units in 24 hours after launching last Friday in just the United States and Canada.

  • CHICAGO, Nov 22- The Maschhoffs, LLC, the country's largest family-owned pork producer, agreed to buy U.S. chicken company GNP Company for an undisclosed amount, the two companies announced on Friday.

  • DETROIT, Nov 22- Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars that was backed with a loan by the U.S. government, filed for Chapter 11 bankruptcy protection on Friday after lengthy efforts by investors to salvage the company.

  • Nov 22- Twitter Inc said it has implemented a security technology that makes it harder to spy on its users and called on other Internet firms to do the same, as Web providers look to thwart spying by government intelligence agencies.

  • Time Warner's magazine unit files for spin-off Friday, 22 Nov 2013 | 6:29 PM ET

    Nov 22- Time Warner Inc moved another step closer to spinning off its magazine assets as Time Inc, the publisher of People, Fortune and the eponymous newsweekly Time, filed with regulators on Friday to list itself as a standalone company. Following the spin off, Time Warner will own no equity interest in Time Inc..

  • TGI Fridays parent weighs sale of restaurant chain Friday, 22 Nov 2013 | 6:29 PM ET

    Nov 22- The parent company of TGI Fridays Restaurants said on Friday it is considering a potential sale of the casual bar-dining chain as part of a review of strategic alternatives. The board of Carlson, a privately held U.S.-based hospitality and travel company, selected Piper Jaffray to serve as its financial adviser, the company said in a statement.

  • Nov 22- The Obama administration announced a flurry of fixes to its troubled HealthCare.gov website on Friday that officials said would soon double its current capacity, a crucial step toward getting the system working by a Nov. 30 deadline.

  • *Possible compromise on Iran's claimed "right to enrich" uranium. Secretary of State John Kerry will join talks on Iran's nuclear programme in Geneva on Saturday, as Tehran and six world powers appeared to be on the verge of an elusive breakthrough in the decade-old dispute.

  • Nov 22- Medicare, the U.S. government healthcare program for elderly and disabled people, will leave its overall reimbursement rates for kidney dialysis treatment unchanged for next year, and said it will take three to four years to implement a mandated adjustment to its base rates.

  • Nov 22- The U.S. Food and Drug Administration said on Friday it has approved a vaccine made by GlaxoSmithKline Plc for use in the event of an H5N1 bird flu epidemic. The vaccine, Pandemrix, will be added to the national stockpile and will not be available for commercial use, the FDA said.

  • DETROIT, Nov 22- Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars, agreed to sell itself to an investor group on Friday and filed for Chapter 11 bankruptcy protection.

  • WASHINGTON, Nov 22- Sikorsky Aircraft Co, a unit of United Technologies Corp, will be awarded a contract to supply the U.S. Air Force's combat rescue helicopter program, but only if funding survives the military budget axe.

  • NEW YORK, Nov 22- A federal jury on Friday ordered two media companies to pay $1.2 million to a freelance photojournalist for their unauthorized use of photographs he posted to Twitter.

  • NEW YORK, Nov 22- Wall Street set another record this week, and the rally that has taken the S&P 500 index nearly 30 percent higher for the year shows no sign of losing steam as Americans prepare to celebrate the Thanksgiving holiday.

  • WASHINGTON, Nov 22- The U.S. Internal Revenue Service audit, already a feared ordeal, will get even sharper teeth in January when the IRS will start setting strict deadlines for delivery of information it wants from companies and wealthy people it is auditing.

  • NEW YORK, Nov 22- The price of benchmark Brent crude oil rose for a second straight session on Friday on short-covering while U.S. soybeans surged on data showing bullish exports. Cotton sank 2 percent and touched a more than 10- month low, weighed by supply pressures, demand worries, and long liquidation.

  • WASHINGTON, Nov 22- Insurance companies in three states- Florida, Texas and Ohio- will help the government figure out how to use "direct enrollment" to boost enrollment in health plans as part of the Obamacare, the Obama administration announced on Friday.

  • *Biogen, Gilead lead health-sector rally on news from Europe. NEW YORK, Nov 22- U.S. stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher.

  • But Democratic Commissioner Kara Stein, giving her speech in Washington, praised the SEC for finally using all of its enforcement "tools in the toolbox," and advocated aggressively seeking penalties against companies and individuals.

  • NEW YORK, Nov 22- Two traders have won the dismissal of a U.S. Securities and Exchange Commission lawsuit accusing them of insider trading in Onyx Pharmaceuticals Inc as the company considered a takeover bid from rival Amgen Inc.

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