Latest Business News Wires - Business Headlines


  • WASHINGTON, April 4- Republican lawmakers said on Friday over regulation has prevented a shale oil boom in California and if eased, could boost production in the state and reduce its dependence on foreign energy.

  • Seni Adetu MD Guinness Nigeria Manu Chairman Comcraft Group. Mustafa CEO Asset Management Chike-Obi Corporation of Nigeria Bob CEO Safaricom Collymore Telecommunications Sani Vice President Dangote Flour Mills. Margaret CEO Rest of Africa Sanlam Emerging Markets.

  • Loeb urges Sotheby's shareholders to back his slate Friday, 4 Apr 2014 | 1:32 PM ET

    BOSTON, April 4- Hedge fund manager Daniel Loeb on Friday urged Sotheby's investors to support his board slate, arguing he and his fellow nominees would be better able to reinvigorate the auction house from within after years of poor governance.

  • HONG KONG, April 4- A creditor sought bankruptcy restructuring for Chaori Solar, the firm that caused ripples in world markets last month with China's first domestic bond default, and the company said on Friday it had not yet agreed any deal to stay solvent.

  • *Wall St touches fresh record high, then retreats on Nasdaq slide. NEW YORK, April 4- A slide in momentum stocks pulled Wall Street and a measure of global equities lower on Friday despite a solid U.S. jobs report, while the dollar weakened on views the Federal Reserve will likely continue to wind down its stimulus.

  • NEW YORK, April 4- A move by Samsung to include free anti-theft features on its Galaxy S5 smartphones sold by Verizon Wireless and U.S.

  • *Morgan Stanley, Goldman among lead underwriters of IPO. April 4- Travel booking wholesaler Sabre Corp said it expected its initial public offering to be priced at $18- $20 each, valuing the owner of the Travelocity website at about $4.91 billion.

  • *Gold on track for biggest one-day rise in one month. NEW YORK/ LONDON, April 4- Gold rose 1.5 percent on Friday, on track for its biggest daily gain in a month after data showing U.S. employment growth in March unleashed heavy short-covering by bullion investors who had feared the job figures would would sharply exceed Wall Street's expectations.

  • LONDON, April 4- Tesco's finance chief Laurie McIlwee quit on Friday, delivering a fresh blow to CEO Philip Clarke who is struggling to turn around the British-based supermarket operator. Shares in the group were down 1.5 percent at 286 pence at 1515 GMT, their lowest level in more than five years.

  • GENEVA, April 4- Russia is inflicting $2.2 billion of annual costs on crossborder trade by enforcing illegal customs charges and inspections on trucks, the Secretary General of the International Road Transport Union said on Friday.

  • *E* Trade and Netflix weigh on the S&P 500 and the Nasdaq. NEW YORK, April 4- The Nasdaq tumbled more than 2 percent on Friday, led by another selloff in momentum stocks like Netflix and TripAdvisor, as investors ignored relatively strong March jobs data. Biogen Idec Inc fell 3.6 percent to $291.

  • MILAN, April 4- The former controlling shareholder in Monte dei Paschi di Siena said on Friday it and two new Latin American investors in Italy's third biggest bank had committed to not selling their respective holdings for at least 16 months.

  • *Aluminium gains at risk given China slowdown. LONDON, April 4- Copper slipped on Friday on persistent investor concerns about slowing growth in top consumer China, though losses were limited as solid U.S. jobs data fed hopes that copper demand would pick up in the world's largest economy.

  • Lawsuit over Hebrew National hot dogs is revived Friday, 4 Apr 2014 | 12:36 PM ET

    NEW YORK, April 4- A year after ConAgra Foods Inc won the dismissal of a lawsuit claiming that its Hebrew National hot dogs were not kosher, a higher authority has given the case new life. Instead, the 8th U.S. Circuit Court of Appeals found simply that the case did not belong in federal court, and returned it to the Dakota County, Minnesota state court where it began.

  • Other measures would slow down the proliferation of spam email and promote Canada- related content on digital media. Ottawa aims to put the measures in place by 2017. Some are already law, and others do not require legislation, while the remainder are expected to pass due to the government's majority.

  • NEW YORK/ LONDON, April 4- Gold rose more than 1 percent on Friday as solid U.S. employment growth in March unleashed heavy short-covering by bullion investors who had feared that the data would exceed Wall Street's expectations. Gold is now on track for its biggest one-day gain in a month.

  • BARREIRAS, Brazil, April 4- No signs identify a barren field in northeastern Brazil that was meant to be the center of one of China's most ambitious agricultural forays into South America. In 2011, Chongqing Grain Group Corp announced plans to build a soy crushing plant, railways and a giant inland storage and transportation hub to export goods back to China.

  • BRUSSELS, April 4- NATO said on Friday it had allowed private planes to fly high over Kososo for the first time in 15 years, letting commercial airlines save time and money by taking more direct routes across the region.

  • MEXICO CITY, April 4- Most of Mexico's central bankers were convinced that a spike in inflation has likely passed while the majority said short-term risks to growth had increased, minutes released on Friday showed. Central Bank board members voted at their March 31 meeting to hold their benchmark interest rate at a record low of 3.50 percent.

  • *Mylan up on report of Meda AB buy. *Boeing considers Mercury Systems acquisition. Biogen Idec Inc fell 4.3 percent to $288.98.