Latest Business News Wires - Business Headlines


  • EBay to launch an in-app mobile advertising network Thursday, 11 Sep 2014 | 4:48 PM ET

    SAN FRANCISCO, Sept 11- EBay Inc plans to launch an advertising network for its mobile app, moving the company into the lucrative, fast-growing market for ads on devices such as smart phones and tablets.

  • WASHINGTON, Sept 11- Novo Nordisk's drug liraglutide is safe and effective enough to warrant approval for use in chronically obese patients with at least one weight-related health issue, an advisory panel to the U.S. Food and Drug Administration concluded on Thursday. It would be sold under the name Saxenda if approved for obesity by the FDA.

  • SANTIAGO, Sept 11- Chilean President Michelle Bachelet has chalked up her first political victory since returning to power as Congress approved a key tax reform, but she faces an uphill struggle to make good on other promises.

  • Hertz to appoint three Icahn nominees to its board Thursday, 11 Sep 2014 | 4:33 PM ET

    Sept 11- Car rental company Hertz Global Holdings Inc said it would add three directors nominated by billionaire investor Carl Icahn to its board.

  • WASHINGTON, Sept 11- The United States will take new steps on Friday to limit the access of major Russian banks, including Sberbank, to U.S. debt and equity markets to punish Russia for its intervention in Ukraine, sources familiar with the matter said.

  • WASHINGTON, Sept 11- Europe's Airbus is looking seriously at whether to increase production of its best-selling A320-family aircraft beyond the record level of 46 jets a month already targeted for 2016, a senior executive said on Thursday. Airbus currently produces 42 single-aisle A320-family aircraft a month.

  • BRASILIA, Sept 11- Brazilian presidential candidate Marina Silva would if elected push for large budget cuts and end a program supporting the currency in a bid to regain investor trust and revive the economy, a senior economic adviser told Reuters on Thursday.

  • Treasury sold $13 billion in 30- year bonds to solid demand. "If it comes in stronger, the market will continue to ignore weak payrolls and focus on all the positive data we've seen," said Richard Gilhooly, an interest rate strategist at TD Securities in New York.

  • Alliance Data to buy Conversant for $2.3 bln Thursday, 11 Sep 2014 | 4:13 PM ET

    Sept 11- Credit card processor Alliance Data Systems Corp said it will buy digital marketing company Conversant Inc for about $2.3 billion in cash and stock. Alliance Data will acquire Conversant for $35 per share. The deal is expected to close by year end.

  • *Russia, Syria warn against foreign strikes inside Syria. Some traders linked the bounce in U.S. crude to news that Russia said air strikes against Islamist militants in Syria without a U.N. Security Council mandate would be an act of aggression.

  • Puerto Rico August tax revenue misses target -Treasury Thursday, 11 Sep 2014 | 4:08 PM ET

    NEW YORK, Sept 11- Puerto Rico's tax revenues totaled $440.6 million in August, below a government forecast of $468.0 million as some important tax categories missed estimates, according to data from the Puerto Rico's Treasury on Thursday.

  • NEW YORK, Sept 11- The S&P 500 and Nasdaq ended slightly higher on Thursday, reversing earlier losses late in the session as energy shares bounced back with oil prices.

  • *Ukraine ceasefire, Fed rate hike fears weigh. NEW YORK/ LONDON, Sept 11- Gold slipped to its lowest level in 7-1/ 2 months on Thursday, as the dollar hovered around a 14- month high, in the wake of the easing of tension in Ukraine, dragging other precious metals broadly lower. Gold prices fell even though U.S.

  • WASHINGTON, Sept 11- Novo Nordisk's drug liraglutide is safe and effective enough to warrant approval for use in chronically obese patients with at least one weight-related health issue, an advisory panel to the U.S. Food and Drug Administration concluded on Thursday.


  • ACCRA, Sept 11- Ghana sold a $1 billion Eurobond on Thursday at a coupon rate of 8.125 percent, lower than analysts had expected given the fiscal difficulties faced by the West African producer of cocoa, gold and oil. Ghana sold Eurobonds in 2007 and in 2013, when the yield was 8 percent, but analysts expected a higher rate this time.

  • *Liberia, Sierra Leone GDP could fall sharply. WASHINGTON, Sept 11- Economic growth in Liberia and Sierra Leone could decline by almost 3.5 percentage points as the world's worst outbreak of Ebola has crippled mining, agriculture and services sectors in the two West African states, the IMF said on Thursday.

  • US STOCKS-Mid- and small-caps rise, outperform S&P 500 Thursday, 11 Sep 2014 | 3:32 PM ET

    NEW YORK, Sept 11- Small- and mid-cap shares were outperforming the major U.S. stocks indexes on Thursday, boosted by shares of JDS Uniphase Corp and GT Advanced Technologies Inc.. JDS Uniphase shares were up 10.2 percent, giving the mid-cap index its biggest boost.

  • Over to you, ECB's Draghi tells euro zone governments Thursday, 11 Sep 2014 | 3:30 PM ET

    MILAN, Sept 11- European Central Bank President Mario Draghi, fresh from announcing a new batch of stimulus measures a week ago, urged governments to match the ECB's effort with investment and structural reforms to help the flagging euro zone grow.

  • BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.