Latest Business News Wires - Business Headlines


  • Europe's anti-EU protest vote leaves business cold Thursday, 15 May 2014 | 2:25 PM ET

    BRUSSELS, May 16- Industry lobbyists fear the rise of protest parties and anti-EU rebels in European elections threatens to leave them, and the businesses they represent, out in the cold.

  • QUEBEC CITY, May 15- Interest rates are likely to stay low for an extended period, posing a major challenge to the pension industry, Bank of Canada Deputy Governor Lawrence Schembri said on Thursday.

  • *Sees FY 2015 earnings of $10.80- 11.20/ shr vs est $11.28. May 15- Ammunition maker Alliant Techsystems Inc forecast full-year 2015 earnings largely below analysts' average estimate due to weakness in its aerospace and defense businesses, sending its shares down as much as 7.4 percent.

  • CHICAGO, May 15- Farmland prices in the U.S. Corn Belt softened in the first quarter of 2014, reflecting expectations for lower farm income as grain prices slide, the Federal Reserve Bank of Chicago said on Thursday.

  • JOHANNESBURG, May 15- Dividend payouts to offshore shareholders are likely to keep pressure on Kenya's shilling next week, while the naira should take direction from a monetary policy meeting that is partly aimed at finding ways to support the Nigerian currency.

  • "What this rule does is prevent those with current low-band spectrum from monopolizing the market in the auction by assuring that some spectrum will be available for those with insufficient amounts of spectrum to serve rural areas and penetrate buildings," said FCC Chairman Tom Wheeler.

  • NEW YORK, May 15- Global equity markets were rattled and investors flooded into safe-haven benchmark U.S. and German government bonds on Thursday on fears over Russia and Ukraine, along with mixed U.S. and weak European economic figures.

  • PARIS, May 15- France's decision to expand its veto powers over strategic sectors to give it some leverage on the future of engineering group Alstom reflects a rare area of policy consensus that resonates across the political spectrum.

  • MONTERREY, May 15- The board of Mexican cement giant Cemex will meet this week to pick a successor to Lorenzo Zambrano, the company's longtime chairman and chief executive officer, who died suddenly on Monday leaving no apparent heir. *Fernando Gonzalez, 59, born in Mexico, Executive Vice President of Finance and Administration.

  • BOSTON, May 15- Chipotle Mexican Grill Inc failed to win a majority of shareholder support for its executive pay on Thursday, a noteworthy rebuke for the Denver restaurant chain that has been one of its industry's top performers.

  • In December, Hodges Capital quietly introduced the Hodges Small-Mid Cap fund, which focuses on companies whose market values reach up to $8 billion. That is well above the $3 billion threshold in the $1.2 billion Hodges Small Cap fund for which the Dallas- based firm is best known.

  • Lisbon and Milan stock markets hit by weak economic data. LONDON, May 15- News that the Portuguese and Italian economies contracted in the first quarter hit shares in Lisbon and Milan on Thursday, knocking back European stock markets from multi-year highs.

  • NEW YORK, May 15- Benchmark U.S. "There has been a little bit of a breakdown in European peripheral debt, that seemed to set off a little bit of a' risk off' trade... despite the fact that we got a firm set of data this morning," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.

  • *Wheat down 7.4 percent during losing streak. Wheat and soybean futures also were lower, with wheat dropping for the seventh day in a row due to ample global supplies that were chilling demand for U.S. offerings on the export market.

  • MOSCOW, May 15- Middle East crude producers played down the threat of a competitive battle with Russia over Asian markets at a Moscow energy conference on Thursday, even while Russian comments emphasized its push to the east.

  • QUEBEC CITY, May 15- Interest rates are likely to stay low for an extended period, posing a major challenge to the pension industry, Bank of Canada Deputy Governor Lawrence Schembri said on Thursday.

  • ATHENS, May 15- Europe's energy commissioner said on Thursday he saw progress in resolving the row over gas prices between Kiev and Moscow and expected one, perhaps two more rounds of ministerial talks on the issue before the end of May.

  • *Five new recalls unrelated to faulty ignition switch. DETROIT, May 15- General Motors Co said on Thursday it has issued five more recalls, covering almost 3 million vehicles globally, and is expected to take a charge of up to $200 million. Most of the vehicles were sold in the United States.

  • METALS-Nickel recoups some losses after falling 10 pct Thursday, 15 May 2014 | 12:26 PM ET

    LONDON, May 15- Nickel prices recouped some losses on Thursday, paring an earlier 10 percent fall as investors seized the opportunity to jump back into a market, where there are expectations of future gains as supply shortages become more severe.

  • *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 $1,300 an ounce, and as U.S. jobless claims data and consumer prices pointed to a firming economy.