Latest Business News Wires - Business Headlines


  • NEW YORK, Nov 21- A U.S. appeals court on Thursday upheld the dismissal of a lawsuit brought by South Korea's Woori Bank against Bank of America Corp's Merrill Lynch unit over losses from $143 million in mortgage-related investments.

  • Nov 21- A former Needham& Co chief financial officer pleaded guilty to conspiring to steal $1 million from the firm in a false invoicing scheme, in which he used some of the money to pay for vacations, wine and a dog fence, prosecutors said.

  • SAN JOSE, Calif., Nov 21- A U.S. jury reached a verdict on Thursday in a damages retrial between Apple Inc and Samsung Electronics Co Ltd, a court official announced, part of global patent litigation between the two.

  • NEW YORK, Nov 21- U.S. stocks rose on Thursday, rebounding from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation. "I think the stock market will be on a rising track for the rest of the year," Margie Patel, senior portfolio manager at Wells Capital Management, at the Reuters Global Investment Summit on Thursday.

  • Nov 21- A former Merrill Lynch broker who managed as much as $1 billion has been suspended and fined by Wall Street's watchdog, in part for violating anti-money laundering rules by not telling the firm about potentially suspicious funds transfers involving clients' accounts, according to a settlement.

  • WASHINGTON, Nov 21- The White House said on Thursday it has asked insurance companies and state insurance commissioners to send a letter about Obamacare healthcare insurance marketplaces and subsidies to all insurance customers.

  • Nov 21- Oncolytics Biotech Inc's lead cancer drug did not show as much improvement in survival rates of patients with head-and-neck cancer as expected by investors, sending its shares down as much as 21 percent.

  • LOS ANGELES, Nov 21- Honda Motor Co Ltd's Accord was named Green Car of the Year on Thursday, the editor of the Green Car Journal announced at the L.A. The Accord won in large part because it offers high fuel economy ratings for gasoline, gasoline-battery hybrid and plug-in hybrid versions of the venerable sedan, said Ron Cogan, editor of the Green Car Journal.

  • WASHINGTON, Nov 21- A former Marvell Technology Group Ltd employee will pay $60,000 to settle civil charges that he offered non-public tips to a hedge fund manager with ties to Galleon Group, U.S. regulators said Thursday.

  • NEW YORK, Nov 21- The dollar rallied to its highest against the yen in more than four months on Thursday, still benefiting from Federal Reserve minutes released the day before that suggested U.S. policymakers could start scaling back stimulus earlier than expected.

  • NEW YORK, Nov 21- A federal judge on Thursday denied a petition to release alleged Silk Road founder Ross Ulbricht from jail before his trial, concluding that the bail proposal his defense team presented was not strong enough to dispel worries that the 29- year-old would try to flee or take violent action.

  • *Russia says Belarus agreed to extradite Baumgertner. MINSK/ MOSCOW, Nov 21- Belarus has handed the CEO of potash producer Uralkali to Russian authorities, Belarussian state TV reported on Thursday, paving the way for the neighbours to settle a row over one of Belarus's main sources of foreign income.

  • That is nearly 10 times the savings backed by the Democrat-run Senate. "We talked about it some," Colin Peterson, the top Democrat on the House Agriculture Committee, told reporters as the "big four" negotiators- the leaders of the Senate and House Agriculture committees- took a midday break.

  • DUBAI, Nov 21- Gulf buyers are nearing decisions to buy more current generation fighter jets, but the buzz at the Dubai Airshow was about Lockheed Martin Corp's radar-evading F-35 fighter- a plane not yet operational and not even on display there.

  • GENEVA, Nov 21- The United States and European Union accused China on Thursday of jeopardising talks on eliminating trade tariffs on billions of dollars of technology products due to its determination to claim dozens of exemptions.

  • SAN FRANCISCO, Nov 21- Microsoft Corp aims to upstage rival Sony Corp with a console that goes well beyond gaming and helps transform media viewing, a long-cherished but elusive goal. Yusuf Mehdi, chief marketing and strategy officer for Xbox, said preorders for Xbox One were running at twice the rate of 2005' s Xbox 360 but declined to elaborate.

  • OTTAWA, Nov 21- The Canadian government allocated C $95 million on Thursday to help clean up contamination caused by the disastrous derailment in July of a train carrying crude oil through the small Quebec town of Lac-Megantic.

  • *Copper, oil rally; gold holds close to 4- month lows. NEW YORK, Nov 21- U.S. stocks rose on Thursday as the latest economic data suggested the Federal Reserve would not begin to slow its stimulus soon, although conflicting views over the issue limited gains globally.

  • *Expects fourth-qtr sales $2.25 bln- $2.31 bln vs est $2.32 bln. Nov 21- Dollar Tree Inc forecast current-quarter results below estimates after reporting disappointing quarterly same-store sales, but analysts said it was too early to write off the discount store chain that is fighting weak consumer spending.

  • US STOCKS-Wall Street climbs on promising economic data Thursday, 21 Nov 2013 | 1:08 PM ET

    *Hologic up on Icahn stake, pares gain on shareholders rights plan. NEW YORK, Nov 21- U.S. stocks rose on Thursday after data pointed to a slowly improving labor market and subdued inflation, keeping intact most investors' expectations that the Federal Reserve is unlikely to scale back stimulus until early next year.

Most Popular Video

Wednesday, 23 Apr 2014 | 10:50 PM ET

Taro Kono, Member of the House of Representatives in Japan's Parliament, says the Liberal Democratic Party (LDP) stands behind Prime Minister Shinzo Abe in pushing for the TPP trade deal.

Wednesday, 23 Apr 2014 | 10:34 PM ET

Charles Li, Chief Executive of Hong Kong Exchanges and Clearing, says the launch of a new commodity trading platform for three metal contracts will facilitate long-term cross-border investments.

Wednesday, 23 Apr 2014 | 10:16 PM ET

David Garrity, Principal at GVA Research, says Apple's decision to raise its dividend and step up its stock buyback program signaled confidence in the tech giant's outlook.