Latest Business News Wires - Business Headlines


  • US STOCKS-Wall St dips, but trend upward considered intact Wednesday, 10 Sep 2014 | 10:18 AM ET

    NEW YORK, Sept 10- U.S. stocks dipped on Wednesday, putting the S&P 500 on track to retreat for a sixth session out of the past seven, although the longer-term strength of the equity market was still considered intact.

  • Brazil's Rousseff, Silva tied in poll about runoff vote Wednesday, 10 Sep 2014 | 10:17 AM ET

    BRASILIA, Sept 10- President Dilma Rousseff has recovered support and is running neck-and-neck with environmentalist Marina Silva in a likely second-round runoff in the October presidential election, a new poll published on Wednesday showed.

  • *Some firms hurting from China's rate, currency reforms- Premier. TIANJIN, China, Sept 10- China will press ahead with efforts to liberalize its currency and interest rate markets even though previous reforms have presented challenges for companies, Premier Li Keqiang said on Wednesday.

  • WASHINGTON, Sept 10- Europe's antitrust chief Joaquin Almunia said on Wednesday that he will not be able to wrap up a four-year investigation into Google before he leaves office at the end of next month.

  • Sept 10- Auto parts maker TRW Automotive Holdings Corp, which is being pursued by Germany's ZF Friedrichshafen AG, said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million. The sale of TRW's business to Federal-Mogul's powertrain division is expected to close in the first quarter of 2015, the companies said on Wednesday.

  • *Chefs in Moscow get creative to deal with food ban. MOSCOW, Sept 10- Facing a ban on Italian parmesan cheese, chefs in Moscow have discovered a new source for fine Parmigiano-Reggiano: Belarus.

  • NEW YORK, Sept 10- U.S. health insurance premiums are going up only 3 percent this year, to an average of $16,834 for a family. The Kaiser Family Foundation's 2014 Employer Health Benefits report says that rate increases are slowing from recession highs that ran far above inflation rates.

  • U.S. wholesale inventories post smallest gain in a year Wednesday, 10 Sep 2014 | 10:00 AM ET

    WASHINGTON, Sept 10- U.S. wholesale inventories barely rose in July, suggesting a slower pace of stock accumulation at the start of the third quarter that could prompt economists to trim their growth estimates.

  • The lengthy legal battle between Argentina and the investment funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.

  • MOSCOW, Sept 10- Russian gas producer Gazprom said on Wednesday Poland was receiving the same amount of gas that it had received in recent days in response to charges from Warsaw that deliveries so far this week were down 20 percent.

  • WARSAW, Sept 10- Poland is looking for partners in the United States and Canada from whom it could import liquefied natural gas for its terminal due to be launched next year, Polish Deputy Economy Minister Ilona Antoniszyn-Klik said.

  • LONDON, Sept 10- News that the Philippines was preparing to follow Indonesia in banning exports of unprocessed minerals caused panic in the London nickel market last week. The Philippines has emerged as the main supplier of nickel ore to China's massive nickel pig iron sector after the cessation of exports from Indonesia.

  • Venezuela in dilemma over hiking world's cheapest fuel Wednesday, 10 Sep 2014 | 9:37 AM ET

    CARACAS, Sept 10- President Nicolas Maduro is mulling a politically risky move to raise highly subsidized gasoline prices in Venezuela for the first time in 17 years, but may be put off for now by fears of a social backlash. With 95 octane gas on sale for less than two U.S. cents a liter most motorists can fill up for under $1- less than a small bottle of drinking water.

  • NEW YORK, Sept 10- U.S. stocks opened little changed on Monday, with investors finding few incentives to jump back into the market even after a recent string of declines that included its worst drop since Aug. 5 in the previous session.


  • Vestager will have to take on powerful companies such as U.S. internet giant Google, Russia's Gazprom and a clutch of banks suspected of rigging the foreign exchange markets.


  • The groups, led by the Sierra Club, AFL-CIO, the Communications Workers of America, the Citizens Trade Campaign, and Public Citizen, said TPA should be replaced with a new system that gives both Congress and the public a louder voice in trade negotiations.

  • MOSCOW, Sept 10- Russia has started limiting gas supplies to Poland, disrupting reverse flows to Ukraine, Russia's RIA news agency quoted the head of Ukraine's gas transport monopoly Ukrtransgaz as saying on Wednesday. Today Russia started limiting gas supplies to Poland in order to disrupt the reverse from Poland that we receive.

  • NEW YORK, Sept 10- U.S. stocks were poised to open slightly lower on Wednesday, with investors finding few incentives to jump back into the market even after a recent string of weakness. The S&P 500 fell sharply on Tuesday, its biggest one-day decline since Aug. 5, which took it below its 14- day moving average for the first time on a closing basis since Aug. 12.