GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • MADISON, Wisconsin, Jan 13- The hit on Canada's oil sector from the collapse in crude prices will bleed into the rest of the economy and may delay the country's return to its production potential, Bank of Canada Deputy Governor Timothy Lane said on Tuesday. Central banks around the world, the Bank of Canada included, will "look through" or ignore the immediate and...

  • LOS ANGELES, Jan 13- Director Woody Allen will make his first foray onto the small screen, writing and directing an online series for Amazon.com, the latest coup by deep-pocketed cable and streaming companies in luring the biggest names in film to television. Filmmakers such as Martin Scorsese, Steven Soderbergh, David Fincher and Guillermo del Toro have all...

  • WASHINGTON, Jan 13- The No. 2 Republican in the U.S. Senate said on Tuesday U.S. trade officials hoped to present a Pacific trade deal to Congress for consideration within the next two months. "On the Trans-Pacific Partnership, the U.S. Trade Representative has been calling a number of us and saying that he thinks we are sort of on a two-month trajectory to getting...

  • OIL FUTURES PARE LOSSES SHARPLY TOWARD CLOSE OF TUESDAY SESSION ON SHORT COVERING.

  • U.S. SENATE MAJORITY WHIP SAYS TRADE REPRESENTATIVE HAS TOLD SENATORS THERE IS A' TWO MONTH TRAJECTORY' TO ASKING CONGRESS TO CONSIDER PACIFIC TRADE PACT.

  • *Alcoa erases early gains after earnings; materials drag. Shares of homebuilders fell broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.

  • Jan 13- Apple Inc has been granted a patent for a wearable camera that could possibly challenge action cameras made by GoPro Inc.. The patent, which cites specific weaknesses in GoPro's cameras, includes details about a camera system that can be mounted on bike helmets or scuba masks, Apple said in an application filed with the U.S. JMP Securities analyst Alex...

  • NEW YORK, Jan 13- The U.S. government said on Tuesday it expects domestic oil output in 2016 to grow just 2.2 percent, the slowest pace in years, as the relentless rout in prices puts the brakes on the country's five-year shale boom. In its first forecast for next year, the U.S. Energy Information Administration said domestic oil production will rise about 200,000...

  • WASHINGTON, Jan 13- Republican and Democratic senators introduced legislation on Tuesday that would make it easier for high-tech firms in the United States to hire more foreign specialists in science, technology and engineering. A bill by Senate Finance Committee Chairman Orrin Hatch of Utah, which is home to some of the companies that would benefit, would...

  • U.S. budget surplus at $2 billion at end of December Tuesday, 13 Jan 2015 | 2:00 PM ET

    WASHINGTON, Jan 13- The U.S. budget surplus was $2 billion at the end of December, down 96 percent from the same period last year, according to data released by the Treasury Department on Tuesday. The fiscal year-to-date deficit at the end of December was $177 billion compared with a deficit of $173 billion in the comparable period last year. Receipts for the month...

  • NEW YORK, Jan 13- Stock markets around the world edged higher on Tuesday on investor hopes for economic stimulus from the European Central Bank, though Wall Street turned negative as crude oil continued to fall. Oil hit a near six-year low as the United Arab Emirates defended OPEC's decision not to cut output and traders wondered when a six-month-long price rout...

  • NEW YORK, Jan 13- Oil prices fell by up 3 percent to near six-year lows on Tuesday, with Brent briefly trading at par to U.S. crude for the first time in three months as some traders moved to take advantage of ample storage space in the United States. Brent was down $1.48 at $45.95 a barrel by 1850 GMT, after falling to $45.19, its lowest since March 2009.

  • *Older tankers being booked to store oil, boon for owners. *Last oil storage play seen in 2009. LONDON, Jan 13- Some of the world's biggest oil traders have booked supertankers to store at least 25 million barrels at sea in recent days, seeking to take advantage of the crash in crude prices and make a profit down the line.

  • Short courses offer hope to U.S. education companies Tuesday, 13 Jan 2015 | 1:43 PM ET

    Larger for-profit education companies, including Apollo Education Group Inc and ITT Educational Services Inc, have seen their enrollments dwindle in the face of increased regulatory scrutiny for issues including student loans, poor placements and low graduation rates. For-profit education providers should increase focus on shorter online courses to...

  • CRUDE EXTENDS LOSSES, DOWN 2 PCT BY 1838 GMT, AFTER U.S.

  • LONDON, Jan 13- Germany boasted on Tuesday it had balanced its budget for the first time since 1969 and pressed euro zone partners to follow its austere example rather than try to stimulate their stagnant economies with borrowing or central bank money-printing. Berlin had been aiming to achieve the so-called "schwarze Null" in 2015, but strong tax revenues and...

  • Saudi oil minister holds talks with U.S. energy deputy Tuesday, 13 Jan 2015 | 1:21 PM ET

    Venezuela's President Nicolas Maduro is in Algeria on a diplomatic push to persuade reluctant fellow members of OPEC to prop up a sinking market by cutting output. Saudi Arabia, OPEC's dominant member state and the world's biggest oil exporter, has repeatedly said the group will not cut production. On Tuesday, United Arab Emirates Energy Minister Suhail bin...

  • *Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.

  • KB Home warns on margins, homebuilder shares fall Tuesday, 13 Jan 2015 | 1:11 PM ET

    Jan 13- KB Home, the No. 5 U.S. homebuilder, said it expected a "significant" drop in gross margins in the current quarter, sending down its shares along with those of its competitors. KB Home's shares fell as much as 14 percent to $14.28 after initially rising on the upbeat results. Shares of D.R. Horton Inc, the biggest U.S. homebuilder by number of homes sold, were down 4.8...

  • IHS posts better-than-expected profit on low costs Tuesday, 13 Jan 2015 | 1:08 PM ET

    IHS, the publisher of Jane's Defence Weekly, reported a better-than-expected quarterly profit, helped by lower operating expenses.