Latest Business News Wires - Business Headlines


  • WASHINGTON, Nov 19- The Agriculture Department has suspended its semi-annual U.S. cattle inventory report for a second year on Tuesday due to budget cuts that also affect certain rice, fish, fruit and vegetable estimates.

  • CARACAS, Nov 19- Venezuela's socialist government said on Tuesday it was fining the local subsidiary of General Motors nearly $85,000 for allegedly selling spare parts at exorbitant prices.

  • NEW YORK, Nov 19- Devon Energy Corp is close to a deal to buy privately held GeoSouthern Energy Corp for around $6 billion, according to a person familiar with the matter. GeoSouthern Energy, based in The Woodlands, Texas, drills for oil and gas in the Austin Chalk and Eagle Ford geologic formations in South Texas.

  • NEW YORK, Nov 19- U.S. "The market looks fairly valued right now," said Zach Pandl, senior interest rate strategist at Columbia Management in Minneapolis.

  • WASHINGTON, Nov 19- The Obama administration said on Tuesday that the computer function needed to provide consumer subsidies to private health insurers in the federal Obamacare healthcare marketplace will be available by mid-January.

  • New York- based JLL will merge the DSM business with that of Toronto- based drug maker Patheon Inc, forming a joint venture boasting some $2 billion in annual sales that the companies said on Tuesday will be a leader in manufacturing medicines for pharmaceutical companies.

  • Nov 19- Households are borrowing like it's 2008 but businesses simply won't play along. That gap, between households which once again are taking on debt and businesses which can find nothing better to do with record profits than hand the money back to shareholders, is at the center of our economic malaise.

  • CME Group digs in on fee increases as brokers protest Tuesday, 19 Nov 2013 | 2:58 PM ET

    CHICAGO, Nov 19- CME Group Inc, the world's largest futures exchange operator, on Tuesday said it will plow ahead with plans to hike fees for traders despite an outcry from customers fuming over higher costs.

  • WASHINGTON, Nov 19- The Obama administration's hopes of securing "fast-track" trade negotiating authority from Congress this year look certain to be dashed given the limited time left on the congressional calendar, the No. 2 House Democrat said on Tuesday.

  • LONDON, Nov 19- Top investment managers expect further monetary easing from the European Central Bank in 2014 to support the euro zone economy at a time when the Federal Reserve is set to withdraw stimulus in the United States.

  • CALGARY, Alberta, Nov 19- TransCanada Corp raised its preliminary cost estimate for the controversial Keystone XL oil pipeline on Thursday, saying it now expects the project to cost at least $5.4 billion, $100 million more than its prior forecast.

  • NEW YORK, Nov 19- Goldman Sachs Group Inc's private equity arm is nearing a deal to acquire events services company PSAV Presentation Services for close to $900 million, according to people familiar with the matter.

  • WASHINGTON, Nov 19- President Barack Obama was briefed on recommendations made by consulting firm McKinsey& Co in March on the rollout of the healthcare law, and on steps that officials in charge of the law were taking to address problems with the website, the White House said on Tuesday.

  • "There are actual, live vulnerabilities on the site now," David Kennedy, head of computer security consulting firm TrustedSec LLC, said in remarks before testifying on the topic "Is My Data on HealthCare.gov Secure?" Kennedy, Morgan Wright, CEO of Crowd Sourced Investigations and Fred Chang, cybersecurity chair at Southern Methodist University said "yes.

  • NEW YORK, Nov 19- Jury selection got under way Tuesday in the criminal trial of Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund accused of insider trading.

  • UPDATE 9-Brent sheds $1 on Iran talks, Libya exports Tuesday, 19 Nov 2013 | 2:18 PM ET

    *World powers and Iran resume talks on nuclear deal on Wed. NEW YORK, Nov 19- Brent futures tumbled by more than $1 a barrel on Tuesday as talks this week between world powers and Iran could lead to an easing of sanctions against the oil-rich country.

  • NEW YORK, Nov 19- T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday. Representatives for Verizon Wireless, which is owned by Verizon Communications Inc and Vodafone Group Plc, were not immediately available for comment.

  • WASHINGTON, Nov 19- Consumers applying for health insurance on government websites can be confident their information is secure, the White House said on Tuesday, as critics of the president's health care plan raised questions about data security on insurance signup sites.

  • NEW YORK, Nov 19- The dollar dropped against the euro on Tuesday in choppy trading after China's central bank said it would gradually exit from regular intervention in the foreign exchange market. But analysts said the remarks don't mean that China will move the trading band overnight.

  • *Home Depot shares rise as housing recovery boosts results. Best Buy swings to a profit, but stock drops on margin concerns. NEW YORK, Nov 19- U.S. stocks edged lower after the Dow briefly broke above a key level for a second day and shares of Best Buy dropped on worries about its margins.

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