Latest Business News Wires - Business Headlines


  • U.S. launches investigation into Tesla Model S fires Tuesday, 19 Nov 2013 | 7:04 AM ET

    Nov 19- U.S. regulators said they have launched an investigation into electric sports car maker Tesla Motors Inc's popular Model S sedans after another car caught fire two weeks ago. Tesla reported a fire in one of its Model S luxury electric cars after a highway accident in Tennessee on Nov. 7, the third Model S to catch fire in six weeks.

  • BEIJING, Nov 19- China's officials indicated on Tuesday how they plan to steer reforms on interest rates, the currency and stock markets, following a top-level party meeting that promised sweeping changes over the next decade.

  • LONDON, Nov 19- European shares eased on Tuesday, with caution on stocks from U.S. billionaire investor Carl Icahn and a retreat on Wall Street overnight encouraging profit-taking after a rally that took Germany's DAX to a record high. Though Icahn's comments related mainly to the United States, they have led investors to focus on company fundamentals globally.

  • Nov 19- A recovery in the U.S. housing market helped Home Depot Inc to top profit and sales estimates for the third quarter, prompting the No. 1 home improvement chain to raise its fiscal-year outlook for the third time this year on Tuesday. Home Depot has also improved distribution, cut costs and tailored marketing and merchandising efforts to local markets.

  • Campbell Soup's quarterly sales fall Tuesday, 19 Nov 2013 | 6:41 AM ET

    Nov 18- Campbell Soup Co, the world's largest soup maker, reported a 2 percent fall in first-quarter revenue, hurt by falling drink sales and slowing demand in its core U.S. soup business. Net earnings attributable to Campbell Soup fell to $171 million, or 55 cents per share, from $245 million, or 78 cents per share, a year earlier.

  • MANNHEIM, Germany, Nov 19- German analyst and investor sentiment beat expectations and rose to its highest level in four years in November, helped by a slightly improved economic outlook for the euro zone as a whole, a survey showed on Tuesday. "Economic expectations for Germany have been hovering at a high level for months," said ZEW President Clemens Fuest.

  • LONDON, Nov 19- The first set of rules for the unregulated multi-trillion dollar foreign currency markets will be considered after the completion of probes into possible manipulation, Britain's Financial Conduct Authority said on Tuesday.

  • *Gold flat after 1.2 percent drop on Monday. LONDON, Nov 19- Gold inched down on Tuesday, struggling to stabilise after sharp losses seen in the previous session, as investors gauged Federal Reserve officials' comments about the outlook for easy monetary policy and the strength of the U.S. economy.

  • ABUJA, Nov 19- Nigerian President Goodluck Jonathan will not present the 2014 budget to the national assembly as planned on Tuesday because of a disagreement between his team and lawmakers over plans to curb spending, a senior government source told Reuters.

  • BEIRUT, Nov 19- The Abdullah Azzam brigades, a Lebanon- based al Qaeda affiliate, said it was behind a double suicide attack on the Iranian embassy in Beirut on Tuesday, according to the Twitter page of a cleric linked to the group.

  • ATHENS, Nov 19- Greek tourism revenues should rise 13 percent to a record 13 billion euros in 2014, the head of the main industry body said on Tuesday, boosting chances the country will finally emerge from its deep recession next year. Tourism is the biggest cash earner for Greece's economy, accounting for about 17 percent of its 185 billion-euro economic output.

  • DUBAI, Nov 19- The U.S. Navy remains committed to the Lockheed Martin Corp F-35 Joint Strike Fighter program, but is also looking at options to buy additional Boeing Co F/A-18 fighter jets, a senior U.S. Navy official said on Tuesday.

  • TOKYO, Nov 19- The operator of the crippled Fukushima nuclear plant, seeking to revive its finances, will receive $2 billion in funding from its lenders via private-placement bonds, a step that will offer greater protection to creditors, people familiar with the situation said on Tuesday.

  • KIEV, Nov 19- Ukraine's parliament put off until Thursday a debate on plans to sign a trade agreement with the European Union as it remained in deadlock on the release of jailed opposition leader Yulia Tymoshenko, which could satisfy EU conditions for the deal.

  • LONDON/ SINGAPORE- Copper edged down on Tuesday, hovering near a three-month low hit earlier in the session after Federal Reserve officials flagged a brightening outlook for the U.S. economy, fuelling expectations the central bank may soon curb its stimulus.

  • BANGKOK, Nov 19- Thailand scrambled on Tuesday to fund a rice subsidy scheme that has not paid out to farmers since Oct. 1, a delay that risks alienating key supporters of Prime Minister Yingluck Shinawatra. The Commerce Ministry buys rice at 15,000 baht a tonne, well above market prices, but has struggled to sell enough to keep the subsidy scheme afloat.

  • BEIJING Nov 19- Daimler AG's agreement to buy a stake in Beijing Automotive Group's passenger car unit is part of a strategy to revive its operations in China, where the luxury car maker has fallen behind its German rivals and fallen out with its dealers.

  • *Castle Peak has total generation capacity of 6,908 MW. HONG KONG, Nov 19- Exxon Mobil Corp has agreed to sell its majority stakes in a Hong Kong utility and a power storage firm for a combined $3.4 billion, helping the U.S. oil major raise funds to plough back into its core operations.

  • *Iraqi Airways to buy 5 jets with options for another 11. DUBAI, Nov 19- Bombardier has signed a letter of intent to sell five CSeries jetliners to Iraqi Airways, the Canadian plane and train maker said on Tuesday. Iraq Airways currently operates six of Bombardier's CRJ900 NextGen regional jets.

  • BEIRUT, Nov 19- Footage from security cameras showed a man rushing towards the outer wall of the Iranian embassy in Beirut before blowing himself up, causing the first of two explosions in the area, Lebanese officials said on Tuesday.

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