Latest Business News Wires - Business Headlines


  • Iraq strives to return to big oil output growth Tuesday, 19 Nov 2013 | 11:29 AM ET

    *Gazprom Neft postpones project start-up. Work by the likes of BP and Exxon Mobil boosted output by 600,000 barrels per day to top 3 million bpd in 2012..

  • TREASURIES-U.S. bonds slip as traders await data Tuesday, 19 Nov 2013 | 11:29 AM ET

    *Fed Chairman Ben Bernanke addresses Economic Club in evening. NEW YORK, Nov 19- U.S.

  • CBOE says it is open to growing within comfort zone Tuesday, 19 Nov 2013 | 11:26 AM ET

    CHICAGO, Nov 19- CBOE Holdings Inc is open to licensing new products and acquiring technology but only within its options-focused comfort zone, top executives said on Tuesday.

  • Metro considers listing minority stake in Russian unit Tuesday, 19 Nov 2013 | 11:22 AM ET

    DUESSELDORF, Nov 19- Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters exclusive. Sberbank and Goldman Sachs are likely to be working with Metro on the IPO, the sources said.

  • *ICE expects $500 mln in synergies from NYSE deal, up from $450 mln. NEW YORK, Nov 19- IntercontinentalExchange Group Inc said on Tuesday, less than a week after closing its $11 billion takeover of NYSE Euronext, that it plans to spin off Euronext by next summer and to wind down the Big Board parent's technology business.

  • 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.

  • Nov 19- Medtronic Inc reported higher quarterly earnings on Tuesday as stronger sales of its implantable devices to treat abnormal heart rhythms offset weakness in its spinal products business.

  • WARSAW, Nov 19- The lack of progress at United Nations talks to agree a deal to tackle global warming is calling into question the insistence of many environmental groups that low-carbon nuclear power can never be the answer.

  • *Raises 2013 earnings forecast to $3.72/ share from $3.60. Nov 19- Home Depot Inc raised its 2013 forecast for the third time this year as rising home prices encourage more Americans to invest in their properties and complete delayed projects.

  • Nov 19- Struggling department store chain Sears Canada Inc is set to give a big payout to shareholders despite a bigger quarterly loss due to one-time charges related to restructuring and asset impairment.

  • WASHINGTON/ NEW YORK, Nov 19- JPMorgan Chase& Co is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said.

  • "We're consulting with Congress, we're consulting with our stakeholders," he said during a Wall Street Journal conference. That issue has come to the fore because of Japan's decision to join talks on the trade pact, known as the Trans-Pacific Partnership, or TPP.

  • LONDON, Nov 19- Security company G4S, which is under a criminal investigation after it overcharged the British government on an electronic tagging contract, apologised on Tuesday and offered to pay back 24 million pounds.

  • HELSINKI, Nov 19- Nokia shareholders were set to approve the sale of the company's mobile phone business to Microsoft on Tuesday, deciding the deal's financial benefits outweighed objections by a minority of investors upset by the sale of a Finnish national asset.

  • NEW YORK, Nov 19- World stock markets mostly edged lower on Tuesday after the OECD cut its global economic growth forecasts, raising concerns that a recent rally may be overdone.

  • REUTERS SUMMIT-Short-seller Chanos bearish on coal, oil Tuesday, 19 Nov 2013 | 10:26 AM ET

    NEW YORK, Nov 19- Short-seller Jim Chanos said Tuesday it is time for typical equity investors to be "a little more cautious" even as the stock market may continue to rise. Chanos also said he was bearish on national oil companies and the integrated majors like Exxon Mobil Corp, which he said are experiencing a "dropping return on capital" that "is really ominous."

  • European shares pull back on earnings worries Tuesday, 19 Nov 2013 | 10:22 AM ET

    *Intertek leads fallers as update signals slowdown. LONDON, Nov 19- European shares fell in thin trade on Tuesday as negative comments from U.S. billionaire investor Carl Icahn drew attention to a mixed earnings season, puncturing a rally that had taken Germany's DAX to a record high.

  • *China plan to exit intervention seen as dollar-negative. Zhou Xiaochuan, head of the People's Bank of China, said in a book on reforms published on Tuesday that China will gradually expand the yuan trading band to help make the currency more flexible and market-driven. But analysts said the remarks don't mean that China will move the trading band overnight.

  • Bali- based John Hardy, a portfolio company of British private equity firm 3 i Group PLC, has hired Rothschild to conduct a sales process, which is in the early stages, the sources said. Rothschild and 3 i Group declined to comment.

  • BUENOS AIRES, Nov 19- President Cristina Fernandez's new cabinet picks confirmed a deepening of Argentina's left-leaning economic model rather than a policy switch needed to confront escalating inflation and dwindling foreign currency reserves.

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