Latest Business News Wires - Business Headlines


  • U.S. states take lead in writing bitcoin rules Saturday, 17 May 2014 | 4:03 PM ET

    CHICAGO, May 17- A task force of U.S. state regulators is working on the first bitcoin rule-book, the head of the group said, hoping to protect users of virtual currency from fraud without smothering the fledgling technology.

  • WASHINGTON, May 17- Hyundai Motor Co is recalling more than 140,000 Tucson crossover utility vehicles because the air bag assembly may come loose from its mounting on the steering wheel, according to documents filed with U.S. auto safety regulators.

  • CHICAGO May 17- AT&T Inc is set to announce on Sunday it is acquiring top U.S. satellite TV operator DirecTV, news website BuzzFeed said, in a deal expected to be worth nearly $50 billion.

  • AT&T to announce DirecTV takeover on Sunday -report Saturday, 17 May 2014 | 12:11 PM ET

    CHICAGO, May 17- AT&T Inc is set to announce its expected acquisition of top U.S. satellite TV operator DirecTV on Sunday, according to a report by online news website Buzzfeed.com.

  • MILAN, May 17- U.S. tech giants Apple, Google and Amazon and French game developer Gameloft are under investigation in Italy for alleged unfair commercial practices, the country's antitrust and competition authority said. Google and Amazon could not immediately be reached for a reaction.

  • Russia-China gas deal "one digit" away - Gazprom Saturday, 17 May 2014 | 8:19 AM ET

    MOSCOW, May 17- Russian state-run Gazprom said it was still "one digit" away from finalising a 30- year gas supply deal with Beijing which is expected to crown Russian President Vladimir Putin's visit to China next week.

  • NICOSIA, May 17- International lenders anticipate a shallower recession in Cyprus this year as private consumption continued to drive the economy, authorities said on Saturday, holding out the possibility of an earlier than envisaged return to international markets.

  • TOKYO, May 17- The western Japanese city of Osaka could have a casino resort up and running by 2019, in time for the 2020 Tokyo Olympics, if a bill to legalize casinos is approved by parliament this year, executives of MGM Resorts International said on Saturday.

  • NICOSIA, May 17- International lenders have successfully concluded a fourth review of Cyprus's bailed-out economy and anticipate a shallower recession in 2014 than initially expected, the island's finance minister said on Saturday.



  • NEW YORK, May 16- American Realty Capital Healthcare Trust Inc is in exclusive talks to buy Griffin-American Healthcare REIT II Inc, a deal that could value the healthcare real-estate investment trust at around $3.7 billion, according to people familiar with the matter.

  • DIARY - Emerging Markets Economic Events to May 29 Friday, 16 May 2014 | 8:02 PM ET

    May 17- For other related diaries, please. FRANKFURT- Frankfurt Finance Summit 2014. Speakers:- European Commissioner for Internal Market and Financial Services Michel Barnier, Czech National Bank board member Kamil Janacek, ECB executive board member Andreas Dombret, Bank of Spain Governor Luis Linde and former Germany Finance Minister Theodor Waigel.

  • SAN FRANCISCO, May 16- Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphone technology, ending one of the highest profile lawsuits in technology. "Apple and Google have also agreed to work together in some areas of patent reform," the statement said.

  • At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election of onetime Disney child star and current Bitcoin entrepreneur and financier Brock Pierce as a new director, officials at the group said.

  • *GM $35 mln fine is most allowed under U.S. transport agency. *Fine of $35 mln is merely a' slap on wrist'- consumer group.

  • NEW YORK, May 16- There are many reasons for the sharp underperformance of small- cap stocks in the past six weeks, but the recent correction may be winding down, which means investors worried about a broader selloff might be able to breathe more easily.

  • SAN FRANCISCO, May 16- A U.S. judge granted final approval on Friday to a $20 million settlement involving Intuit and Walt Disney Co's Lucasfilm and Pixar units in a widely watched lawsuit over hiring in Silicon Valley. District Judge Lucy Koh in San Jose, California.

  • May 15- Last summer, Mark Wilson waited in a Rome airline terminal for a connecting flight to London on his way home to New York. By the time he arrived in London four hours late, the final New York- bound flight had departed. He was also due a $550 cash penalty by European Union law but says he never knew about the rule.

  • *J.C. Penney, Nordstrom soar a day after results. NEW YORK, May 16- U.S. stocks ended higher on Friday in a late-day rebound as small-cap names edged up after recent weakness and consumer discretionary shares advanced.