GO
Loading...

Latest Business News Wires - Business Headlines

More

  • The U.S. Energy Information Administration also said it expects Saudi Arabia to curb production. But it still cut its forecast for Brent crude prices in 2015 by $18 a barrel from last month's view, to an average of $83 a barrel. Early Wednesday afternoon, December Brent crude was trading at $80.91 a barrel, down 76 cents.

  • UK's Operation Dovercourt forex probe comes in on time Wednesday, 12 Nov 2014 | 1:49 PM ET

    McDermott, head of the FCA's enforcement and financial crime division, proved correct in her prediction earlier on Wednesday, levying a record $1.4 billion of fines on five banks, Citigroup, UBS, HSBC, Royal Bank of Scotland and JPMorgan, for failing to stop their traders trying to rig foreign exchange prices from 2008 to 2013.. U.S. regulators the Commodity...

  • NEW YORK, Nov 12- Sears Holding Corp made a huge splash last week when it said it might spin off hundreds of its stores as a real estate investment trust. The S&P 1500 Retail REIT industry group, which includes the likes of mall and shopping plaza owners Simon Property Group Inc., Macerich Co. and National Retail Properties Inc., delivered a total return of nearly 500...

  • YouTube launches paid music subscription service Wednesday, 12 Nov 2014 | 1:43 PM ET

    Nov 12- Google Inc's YouTube is rolling out the long-awaited paid monthly subscription service called YouTube Music Key. The subscription for the ad-free service will start at $7.99 per month and will allow users to watch videos offline and listen to music while other apps are working. YouTube Music Key will be first available through an invite to its "biggest...

  • PASSAU, Germany, Nov 12- The ECB would encourage euro zone states to pile up debt if it were to buy state bonds, the president of Germany's central bank has warned again, underlining resistance to such a move in the bloc's most influential country. Speaking to an audience including local politicians and businessmen, Jens Weidmann conceded that the overall outlook...

  • SAN FRANCISCO, Nov 12- Twitter Inc is considering creating additional mobile applications beyond its core messaging service and ways of making it easier for newcomers to use its service, as it vies with Facebook Inc and other social media for smartphone users. Shares of Twitter were up more than 6 percent at $42.14 in midday trading on Wednesday following the...

  • NEW YORK, Nov 12- Goldman Sachs Group Inc elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. The partnership is a lingering vestige of Goldman's time as a private firm, when partners pooled their own money to...

  • Nov 12- Merger talks between Allergan Inc and white knight Actavis Plc are focused on narrowing a gap of about $3 billion between what has been offered and what is wanted, Bloomberg reported on Wednesday. Actavis is willing to pay around $200 per share, or $60 billion, while Allergan wants more than $210 per share, Bloomberg said. The amended laws now include a...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence on Wednesday to reaffirm the kingdom's longstanding policy of seeking stable global markets, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. "Talk of a price war is a sign of misunderstanding, deliberate or otherwise, and has no...

  • Libya's El Sharara field shuts down hours after reopening. Still, news that Libya's largest oilfield, El Sharara, had shut down hours after reopening on Wednesday limited the downside for crude. A spokesman for Libya's National Oil Corp cited a blocked pipeline at the oilfield.

  • SAN FRANCISCO, Nov 12- A U.S. appeals court said on Wednesday it will reconsider an order directing Google Inc to remove from its YouTube video sharing service an anti-Islamic film that sparked protests across the Muslim world. Earlier this year a three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco ordered Google to take down the film.

  • Nov 12- A divided federal appeals court on Wednesday refused to hold Occidental Petroleum Corp and a security contractor legally responsible for alleged complicity in a 1998 military bombing of a Colombian village that killed 17 people, including six children. The 9th U.S. Circuit Court of Appeals in Pasadena, California said victims' families could not...

  • WASHINGTON, Nov 12- The technology glitches may be a thing of the past. President Barack Obama' s healthcare law may encounter a new set of problems early next year, one of them being unexpected new costs. Insurance industry officials, congressional aides and analysts say potential problems will mainly affect current Obamacare policyholders and could...

  • MILAN, Nov 12- Italy's Monte dei Paschi di Siena, the worst performer in a recent regulatory test of euro zone lenders, posted a bigger-than-expected loss in the third quarter as it hiked the amount of money set aside to cover bad loans. It was the tenth consecutive quarterly loss for the bank, which was founded in 1472 and is Italy's third-biggest lender.

  • WASHINGTON, Nov 12- AT&T Inc will stop investing in new high-speed Internet connections in 100 U.S. cities until regulators decide whether to enact tough "net neutrality" rules proposed by President Obama, Chief Executive Officer Randall Stephenson said on Wednesday. A primary goal for the FCC in recent years has been to ensure quality Internet access across...

  • WASHINGTON, Nov 12- Republican lawmakers on Wednesday urged the U.S. Federal Communications Commission against any plan to regulate the Internet more like public utilities. In a letter to FCC Chairman Tom Wheeler, more than three dozen House and Senate Republicans said that changes to Internet regulations proposed this week by U.S. President Barack Obama...

  • European shares end lower as utilities, banks slide Wednesday, 12 Nov 2014 | 12:38 PM ET

    *Italy's FTSE MIB underperforms wider market. The utilities index fell 2.4 percent, the biggest sectoral decliner, led by a 5.9 percent drop in Italy's Enel after it lowered its debt-reduction target for 2014 and reported a drop in nine-month core earnings. This shows that the underlying problems for the market are still very much intact, "said Gerhard Schwarz,...

  • SAN FRANCISCO, Nov 12- A U.S. appeals court said on Wednesday it will reconsider an order directing Google Inc to remove an anti-Islamic film from its YouTube video sharing service. Earlier this year a three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco ordered Google to take down the film, which had sparked protests across the Muslim world.

  • LAWMAKERS SAY RECLASSIFICATION WOULD FLY IN FACE OF "LEGALLY SOUND" REASONING THAT INTERNET ACCESS SERVICES SHOULD NOT BE REGULATED LIKE PUBLIC UTILITIES.

  • UPDATE 2-Plug Power cuts FY forecast, shares plummet Wednesday, 12 Nov 2014 | 12:34 PM ET

    Nov 12- Fuel cell maker Plug Power Inc cut its full-year revenue forecast, citing program delays and weaker-than-expected sales for its ReliOn business, sending its shares down as much as 17 percent. Plug Power cut its 2014 revenue forecast to a range of $70 million to $75 million from its earlier view of $75 million. Plug Power's total cost of revenue more than...