Latest Business News Wires - Business Headlines


  • May 15- Autodesk Inc raised its full-year revenue forecast After reporting quarterly profit and revenue above analysts' expectations, helped by higher sales of its computer-aided design software to engineering and construction companies.

  • FACTBOX-India's general election in numbers Thursday, 15 May 2014 | 4:30 PM ET

    NEW DELHI, May 16- Results of India's election are due on Friday, after a record number of voters cast their ballot in the five-week-long marathon. Although India's elections are notoriously difficult to predict, exit polls project a win for a coalition led by Hindu nationalist Narendra Modi.

  • COLUMN-Europe, U.S. show similar profiles: James Saft Thursday, 15 May 2014 | 4:16 PM ET

    Growth in France was at a standstill, while in Italy it contracted by 0.1 percent and the Netherlands' shrank by 1.4 percent. German 10- year yields were as low as 1.37 percent on Thursday, while even Italy can now borrow for 10 years at just over 3 percent.

  • May 15- Negotiators for Alcoa Inc and unionized workers at 10 U.S. plants were "very far part" on several key issues, including wages and healthcare premium increases, with less than 12 hours before the expiration of their labor contract, the United Steelworkers said on Thursday.

  • *OPEC needs to pump more in second half of 2014- IEA. OPEC- member Libya's output was at 300,000 barrels per day with the El Feel field at full capacity and Wafa field back at work after protests ended, an official with the National Oil Corporation said. Royal Dutch Shell lifted force majeure on exports of Forcados crude from Nigeria, adding to the pressure on oil.

  • J.C. Penney quarterly sales rise 6.3 pct, shares surge Thursday, 15 May 2014 | 4:13 PM ET

    May 15- Department store operator J.C. Penney Co Inc reported a 6.3 percent rise in first-quarter sales, helped by strong sales of household goods and men's and women's apparel. J.C. Penney shares rose 15 percent to $9.67 in after-hours trading on Thursday.

  • Autodesk revenue rises on higher software sales Thursday, 15 May 2014 | 4:08 PM ET

    May 15- Autodesk Inc reported a 4 percent rise in quarterly revenue, helped by higher sales of its computer-aided design software to engineering and construction companies. Autodesk's net income fell to $28.3 million, or 12 cents per share, in the quarter ended April 30, from $55.6 million, or 24 cents per share, a year earlier.

  • NEW YORK, May 15- U.S. stocks fell on Thursday, giving the Dow its worst decline in a month, as small-cap shares extended their retreat and Wal-Mart's results disappointed. The Dow Jones industrial average fell 167.16 points or 1.01 percent, to end unofficially at 16,446.81. The S&P 500 lost 17.68 points or 0.94 percent, to finish unofficially at 1,870.85.

  • WASHINGTON, May 15- President Barack Obama extended some economic sanctions against Myanmar for another year on Thursday, telling Congress the step is needed despite some progress on reforms made by the country formerly known as Burma.

  • May 15- Consumers who purchased new health plans from Blue Shield of California have sued the insurer, claiming they were misled into thinking the insurance would cover their desired doctors and hospitals.

  • GLOBAL MARKETS-Ukraine worry, data hit global equities Thursday, 15 May 2014 | 3:24 PM ET

    NEW YORK, May 15- Global equity markets fell on Thursday and safe-haven U.S. and German government bonds rose on fears over Russia and Ukraine and in response to underwhelming U.S. and European economic data.

  • U.S. lawmakers seek bar on Russia's state arms exporter Thursday, 15 May 2014 | 3:23 PM ET

    WASHINGTON, May 15- Three U.S. senators said they would introduce legislation on Thursday to punish Moscow over the Ukraine crisis by banning any use of U.S. funds for contracts or agreements with the Russian state arms exporter Rosoboronexport.

  • FOREX-Dollar falls with U.S. yields, data pressure euro Thursday, 15 May 2014 | 3:21 PM ET

    *Wall Street losses, risk aversion also hurt greenback. NEW YORK, May 15- The dollar fell on Thursday with declining U.S. yields on some downbeat economic news, while the euro tumbled to 11- week lows against the yen and greenback.

  • YOUR MONEY-How to get compensated for air travel delays Thursday, 15 May 2014 | 3:15 PM ET

    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. You can access the U.S. forms through the Department of Transportation's Aviation Consumer Protection Division.

  • *Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- U.S. stocks slumped on Thursday after a drop in small-cap stocks and disappointing results from Wal-Mart. But, as of now, it means the sellers are slowly gaining more control, "said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • *Wheat down 7.4 percent during seven days of declines. The current cold conditions that certain parts of the country are experiencing are going to change next week, "said Tom Fritz, an analyst at EFG Group in Chicago.

  • Delinquency rates fall at major U.S. banks in April Thursday, 15 May 2014 | 2:55 PM ET

    May 15- A majority of big U.S. banks reported a drop in delinquency rates for the month of April as customers made their credit card payments on time. Citigroup Inc was the only one to report a rise in both delinquency and charge-off rates. Apr 2014 Mar 2014 Apr 2014 Mar 2014.

  • May 15- Credit Suisse Group AG is expected to plead guilty and pay nearly $2.5 billion to U.S. authorities to end a probe of potential tax evasion involving the Swiss bank, the Wall Street Journal reported, citing people familiar with the discussions.

  • May 15- Wal-Mart Stores Inc forecast a profit for the current quarter that fell short of analyst expectations after quarterly sales grew at their slowest pace in nearly five years. One in five of Wal-Mart's customers relies on government food stamps, which can be used instead of cash to buy groceries.

  • *Gold breaks below $1,300 psychological level. NEW YORK/ LONDON, May 15- Gold fell almost 1 percent on Thursday on technical selling after prices broke below the important $1,300- an-ounce chart level, while U.S. jobless claims data and consumer prices pointed to a firming economy that reduced gold's risk premium.