Latest Business News Wires - Business Headlines


  • *Gold still about $10 away from 8- month low. *Silver gains lift market out of oversold conditions. NEW YORK/ LONDON, Sept 16- Gold rose on Tuesday as a weaker dollar and rallying crude oil prices prompted bullion investors to cover bearish bets ahead of a closely watched policy statement by the Federal Reserve.

  • WASHINGTON, Sept 16- The U.S. Export-Import Bank is likely to have its charter renewed through mid-2015 this week, even though lawmakers in both parties said on Tuesday they see the extension as a second-best solution.

  • *U.S. stocks near record levels, Europe lower. *Crude oil rises on possible OPEC supply cut. "The rumor is won't change the' considerable time' language," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey, referring to the Fed's previously stated timeline of when it will raise rates.

  • Adobe revenue misses estimate Tuesday, 16 Sep 2014 | 4:13 PM ET

    Sept 16- Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday. Net income fell to $44.7 million, or 9 cents per share, for the quarter ended Aug. 29, from $83 million, or 16 cents per share, a year earlier.

  • SAN FRANCISCO, Sept 16- State and local officials in Ohio are courting Amazon.com Inc with tax breaks and other perks to convince the No. 1 U.S. online retailer to build a $1.1 billion data center in central Ohio and create 120 jobs, according to public records.

  • NEW YORK, Sept 16- U.S. stocks ended higher on Tuesday, with the S&P 500 notching its best performance in a month after a news report shifted investor expectations for the Federal Reserve's policy statement Wednesday.

  • CAPE CANAVERAL/ WASHINGTON, Sept 16- NASA will partner with Boeing and SpaceX to build commercially owned and operated "space taxis" to fly astronauts to the International Space Station, ending U.S. dependence on Russia for rides, U.S.

  • A report from the Census Bureau on Tuesday showed the country's median household income edged up just $180 last year to $51,939, a gain deemed statistically insignificant. Congress and the White House raised taxes on most Americans in 2013 while cutting back government spending, and the austerity was a major factor holding back economic growth.

  • Sept 16- U.S. manufacturer United Technologies Corp is looking for large acquisitions, but does not see a wealth of opportunities with the soaring stock market driving up prices, the company's chief financial officer said on Tuesday.

  • WASHINGTON, Sept 16- Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.

  • NEW YORK, Sept 16- The dollar fell to nearly two-week lows against the euro and Swiss franc on Tuesday, pressured by a report that said the Federal Reserve was unlikely to change its dovish stance on near-zero interest rates at a two-day policy meeting that ends on Wednesday.

  • Sept 16- U.S. manufacturer United Technologies Corp is looking for large acquisitions, but does not see a wealth of opportunities with the soaring stock market driving up prices, the company's chief financial officer said on Tuesday.

  • Authorities said Braverman from 2010 to 2013 made close to $300,000 from illegal trades in stocks and options of eight companies, including Drugstore.com Inc, Dealertrack Technologies Inc and Seagate Technology Plc, involved in transactions on which Wilson Sonsini was providing legal advice.

  • NEW YORK, Sept 16- U.S. After surrendering bigger price gains, driven in part by an independence referendum on Thursday in Scotland, yields on benchmark 10- year Treasury notes late on Tuesday were little changed at 2.582 percent.

  • SAO PAULO, Sept 16- The frenzy around Alibaba Group Holding Inc's initial public offering this week is giving a boost to Casino Guichard Perrachon& Cie's plans to list its e-commerce unit in the United States by January, bankers and analysts said.

  • *OPEC to cut output target in November meeting- Badri. *Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • BUENOS AIRES, Sept 16- Argentina called in the United States' top diplomat in the country on Tuesday to express its "deep indignation" over a local newspaper interview in which he made reference the South American country's latest debt default.

  • US STOCKS-Biotechs bounce after three-day slide Tuesday, 16 Sep 2014 | 3:01 PM ET

    NEW YORK, Sept 16- Biotech stocks were trading higher on Tuesday, putting the Nasdaq biotechnology index on track to snap a three-day losing skid heading into the latter stages of trading.

  • COLUMN-China hasn't got investors' backs: James Saft Tuesday, 16 Sep 2014 | 3:00 PM ET

    Sept 16- In a world in which investors increasingly assume policy-makers have their backs, China may be about to demonstrate how it can work the other way.

  • WASHINGTON, Sept 16- Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson& Johnson, unveiled a campaign on Tuesday to reduce the nation's healthcare costs, urging their peers to embrace wellness programs to improve employee health.