Latest Business News Wires - Business Headlines


  • *MSCI world index rises, U.S. stocks up in early trading. *U.S., China factory sector data supportive. NEW YORK, May 22- World stock indexes edged higher on Thursday as data showed factory activity picked up in both the United States and China, while U.S.

  • FACTBOX-Best places to retire, by the numbers Thursday, 22 May 2014 | 11:21 AM ET

    Dinner for two at Sioux Falls' Minerva's: $62- $120. Dinner for two at Salt Lake City's Pago: $62- $120. Dinner for two at Richmond's Acacia: $62- $120.

  • Italy and Spain underperform flat European equity markets Thursday, 22 May 2014 | 11:20 AM ET

    LONDON, May 22- Italian and Spanish stocks underperformed flat equity markets elsewhere in Europe on Thursday, as traders said concerns about this week's European Parliament elections made investors cautious. Italy's FTSE MIB share index was down by 1.4 percent in late-session trading, while Spain's IBEX stock market was off 0.3 percent.

  • Israel welcomes tech-hungry Chinese investors Thursday, 22 May 2014 | 11:18 AM ET

    *Chinese investments in Israel rocket over last 3 years. Overshadowed by its high profile move into Africa, China's role in Israel as been growing fast, despite concern among Israelis that strategic assets may slip from their grasp.

  • Odds are you guessed Florida, or maybe Arizona- two sunny states that have long been popular with the senior set. Lois O'Grady lives in Vermillion, South Dakota. But the region has another thing going for it: South Dakota was recently named the best state to retire in the nation, handily defeating retiree hot spots like Florida.

  • SAO PAULO, May 22- Afranio Sobrinho has one of the most unpopular jobs in Brazil. Sao Paulo's main reservoir fell last week to an all-time low of 7.8 percent of capacity, raising the specter of a water shortage in a country with the world's largest fresh-water reserves.

  • Shares of China's JD.com soar 17 pct in market debut Thursday, 22 May 2014 | 11:10 AM ET

    May 22- Shares of JD.com, China's second-largest e-commerce company after Alibaba Group Holding Ltd, rose as much as 17.2 percent in their market debut on Thursday, valuing the company at about $30.43 billion. JD.com' s offering of American Depositary Shares raised $1.78 billion after being priced at $19 each, above the expected range of $16 to $18.

  • Putin tries to woo investors to Russia but many stay away Thursday, 22 May 2014 | 11:06 AM ET

    ST PETERSBURG, May 22- President Vladimir Putin tried on Thursday to warm up relations with foreign investors chilled by the crisis in Ukraine, but many senior executives snubbed him by boycotting a conference billed as Russia's answer to Davos.

  • TORONTO, May 22- Royal Bank of Canada and Toronto-Dominion Bank topped second-quarter estimates on the back of low loan-loss provisions and stronger retail lending and wealth management income, spurring shares of Canada's top two banks to all-time highs on Thursday.

  • WRAPUP 1-U.S. home sales rebound; jobless claims rise Thursday, 22 May 2014 | 10:56 AM ET

    WASHINGTON, May 22- U.S. home resales rose in April and the supply of properties on the market hit its highest level since August 2012, hopeful signs for the stalled housing market recovery.

  • US STOCKS-Wall St posts modest gains after mixed data Thursday, 22 May 2014 | 10:55 AM ET

    *Best Buy rebounds from early declines after results. NEW YORK, May 22- U.S. stocks were modestly higher on Thursday after the latest batch of mixed data gave investors little reason to push indexes past record highs.

  • Russia may avoid sliding into recession in Q2-econ min Thursday, 22 May 2014 | 10:47 AM ET

    ST PETERSBURG, Russia, May 22- Russian Economy Minister Alexei Ulyukayev said on Thursday that the country might avoid sliding into a recession in the second quarter.

  • NEW YORK, May 22- U.S. The National Association of Realtors said existing home sales increased 1.3 percent to an annual rate of 4.65 million units in April, marking the second increase in sales in nine months. "I don't think any of the data this morning was that much of a surprise," said Brian Rehling, chief fixed-income strategist at Wells Fargo Advisors in St. Louis.

  • McDonald's shareholders OK CEO pay amid protests Thursday, 22 May 2014 | 10:41 AM ET
    McDonald's employees protesting for a higher minimum wage outside the McDonald's annual shareholder's meeting in Oak Brook, IL.

    McDonald's shareholders approved an advisory measure on exec pay at the chain, where CEO Don Thompson took home compensation of $9.5 million in 2013.

  • *Mizkan Group looks to counter slowing domestic growth. LONDON, May 22- Mizkan Group has agreed to buy Unilever's Ragu and Bertolli pasta sauce brands for $2.15 billion, continuing a trend for Japanese consumer goods companies diversifying through Western assets.

  • LONDON, May 22- Italy's largest infrastructure fund F2i plans to sell up to 49 percent of F2i Aeroporti, which holds stakes in some of the country's main airports, in a deal that sources said could raise up to 500 million euros.

  • Russian minister hopeful of solution for Visa, Mastercard Thursday, 22 May 2014 | 10:33 AM ET

    ST PETERSBURG, Russia, May 22- Russian Finance Minister Anton Siluanov said on Thursday he was confident a "reasonable solution" would be found for Visa and Mastercard after the credit and debit card companies complained about tightened regulations in Russia.

  • *First quarter adj profit $0.33/ shr vs est $0.20. May 22- Best Buy Co Inc reported a better-than-expected quarterly profit, showing signs that Chief Executive Hubert Joly's turnaround efforts were progressing and sending the company's shares up as much as 8.5 percent in morning trading.

  • LONDON, May 22- British clothing chain Fat Face said on Thursday it had called off a planned 110- million-pound London stock market listing, as investors become more choosy due to a flood of flotations. "Fat Face came at a full valuation, on the back of a number of floats that haven't performed great," said John Stevenson, analyst at Peel Hunt.