Latest Business News Wires - Business Headlines


  • Nov 20- J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported weaker-than-expected quarterly revenue as lower commodity costs and product selling prices failed to translate into sales growth. A K-cup is a plastic pod that Green Mountain Coffee Roasters Inc licenses to coffee and beverage makers.

  • Nov 20- Broadcaster Gray Television Inc and Excalibur Broadcasting LLC said they would buy 20 stations from Hoak Media LLC and Parker Broadcasting Inc for $335 million in cash, sending Gray's shares up as much as 19 percent.

  • WASHINGTON, Nov 20- Janet Yellen's bid to lead the Federal Reserve won a significant boost on Wednesday when one of her biggest critics in the U.S. Senate said he had decided to support her nomination. Corker is a member of the Senate Banking Committee, which will vote on Thursday on whether to send Yellen's nomination to the full Senate.

  • *Buybacks' tailwind may be slowing. NEW YORK, Nov 20- With just over a month remaining in a year that has seen the S&P 500 rocket to new records, one of the rally's drivers could have peaked: stock buybacks. In the last few years, major U.S. companies, including IBM, Apple and Exxon Mobil have dramatically boosted share repurchases.

  • EU refiners burn last barrels as closures loom Wednesday, 20 Nov 2013 | 12:03 PM ET

    *Refinery margins hit as Middle East unrest raises crude prices. Middle East unrest means the price of crude oil, which refiners convert into motor and heating fuel, has remained stubbornly high this year, squeezing profit margins amid weak demand as European economies struggle to maintain growth.

  • NEW YORK, Nov 20- One of the first things you usually do when meeting a new financial adviser is to answer a series of questions to determine how much risk you can stomach. The same thing happens when you sign up for one of the new online investing advice platforms such as SigFig, Personal Capital and FutureAdvisor, which have risen up in the last two years.

  • WASHINGTON, Nov 20- Recent U.S. economic data is looking better and a solid jobs report for November would increase the likelihood that the Federal Reserve would start to scale back bond buying at its meeting next month, a senior Fed official said on Wednesday.

  • The FDA said heart attacks may be triggered by the tests because the chemicals dilate the heart's arteries and increase blood flow to help identify obstructions. The FDA advised physicians not to use the products in patients with signs of acute myocardial ischemia, which occurs when blood flow to the heart muscle is decreased.

  • *Gold, platinum hit 1- month lows, silver 3- month low. NEW YORK/ LONDON, Nov 20- Gold fell around 1 percent on Wednesday, as unusually large trades in the New York futures market set the tone for lower prices ahead of the release of minutes of the Federal Reserve's last policy meeting later in the day.

  • WARSAW, Nov 20- Rich and poor were deadlocked on Wednesday over how to raise aid to help developing countries cope with the damaging effects of global warming, in a setback at United Nations climate talks in Warsaw seeking progress towards a 2015 accord.

  • WASHINGTON, Nov 20- President Barack Obama's nominee to serve as deputy U.S. "A one-size-fits-all approach is not going to work here," Sarah Bloom Raskin told the Senate Finance Committee during her confirmation hearing, noting that insurance companies and banks have "very different" structures.

  • Nov 20- Devon Energy Corp will buy oil-producing assets in Texas for $6 billion and plans to sell or otherwise monetize some of its natural gas-heavy holdings, in a response to criticism about its lack of exposure to higher-margin crude.

  • LONDON, Nov 20- European refineries must stop being treated as strategic assets, propped up by politicians, if they want to become profitable again. "The oil refining sector is a strategic European asset," according to the European Petroleum Industry Association, Europia, which lobbies in Brussels on behalf of the refiners.

  • LONDON, Nov 20- Failure by the European Union to soften a law to charge foreign airlines for their emissions will make an international trade war unavoidable, a German lawmaker steering the plan through the European Parliament said on Wednesday.

  • *Gold prices down, Brent rises modestly. NEW YORK, Nov 20- The euro fell on Wednesday while stock markets around the world were little changed after a report that the European Central Bank was considering a negative deposit rate.

  • WASHINGTON, Nov 20- Republican U.S. Senator Bob Corker said on Wednesday he has decided to support Janet Yellen's nomination to lead the Federal Reserve.

  • European shares buoyed by talk of negative ECB rates Wednesday, 20 Nov 2013 | 11:25 AM ET

    LONDON, Nov 20- European shares advanced on Wednesday, recovering from weakness in the previous session, with traders citing a report that the European Central Bank was mulling setting negative deposit rates.

  • WARSAW, Nov 20- Polish Environment Minister Marcin Korolec lost his job on Wednesday in a government reshuffle, which may undermine his leadership while Warsaw hosts U.N. climate talks involving almost 200 countries. Despite losing his ministerial post, he continues as Poland's representative at the talks and is to hold the presidency throughout 2014..

  • SAN FRANCISCO, Nov 20- Leading mobile chipmaker Qualcomm plans to return 75 percent of free cash flow to shareholders through stock buybacks and increased dividends, Chief Executive Paul Jacobs told analysts at an event on Wednesday.

  • ENGLEWOOD CLIFFS, N.J., Nov 20- Across the Hudson River from New York City and atop the steep cliffs of the New Jersey Palisades, LG Electronics Inc has drawn the ire of environmentalists, and a Rockefeller, over its new North America headquarters.

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