Latest Business News Wires - Business Headlines


  • Sept 4- A federal judge upheld an $8 million arbitration ruling against Morgan Stanley in favor of a former energy trader who said he was improperly terminated after refusing to meet with New York law enforcement authorities.

  • MINEOLA, N.Y., Sept 4- The privately held U.S. producer of AriZona iced tea might face insolvency if the judge overseeing a dispute between its founders sets its value at $3 billion or greater, a lawyer for the co-owner running the company said Thursday.

  • *Hacker broke into HealthCare.gov website - WSJ Thursday, 4 Sep 2014 | 5:12 PM ET
  • COLUMN-ECB policy is carry-trade-tastic: James Saft Thursday, 4 Sep 2014 | 5:08 PM ET

    Sept 4- For all the uncertainty around the European Central Bank's extraordinary monetary policy, one thing is for sure: it'll be good for carry trades. If an asset has a higher yield than euro-denominated ones, and in today's world many, many do, it will benefit from increased flows from investors borrowing in euros and making bets elsewhere.

  • *Opposition blames Modi for Mumbai power cuts. NEW DELHI, Sept 5- Narendra Modi took decisive action as chief minister of Gujarat state to secure round-the-clock supplies of electricity.


  • MetLife is the third insurer to be tapped for such a designation as "systemically important," which comes with heavy capital requirements and strict supervision by the Federal Reserve comparable to that of the largest banks.

  • *BP shares slump after court ruling. NEW YORK, Sept 4- U.S. stocks ended down on Thursday, retreating from intraday records for the S&P and Dow, as a decline in energy shares sapped an earlier rally following the European Central Bank's new stimulus measures.

  • *Euro dips under $1.30 in biggest fall since 2011. NEW YORK, Sept 4- The euro sank on Thursday after the European Central Bank unexpectedly cut its ultra-low interest rates even further and said it would start buying loans and bonds next month to prop up the continent's struggling economy.

  • At issue is a 2012 law that gave Governor Dave Heineman authority to approve a route for TransCanada Corp's proposed Canada- to- Texas project. Because the pipeline would cross the U.S.- Canada border en route from Alberta to Texas, the State Department must either bless or reject the proposal based on its evaluation of the national interest.

  • *Focus shift to U.S. payrolls data, ceasefire talk in Minsk. NEW YORK, Sept 4- U.S. August payrolls data and scheduled talks in Minsk aimed at ending a five-month war between Ukraine and pro-Russian separatists.

  • OTTAWA/ WASHINGTON, Sept 4- Canada is likely to choose between two major U.S. firms when it buys a new fleet of jet fighters, excluding two European competitors, according to a source with direct knowledge of the matter.

  • WASHINGTON, Sept 4- Insurer MetLife said on Thursday that the U.S. financial risk council had proposed to designate it as "systemically important," a tag that brings far tighter government oversight.

  • BATS Global Markets in search of new president - WSJ Thursday, 4 Sep 2014 | 4:11 PM ET

    Sept 4- Exchange operator BATS Global Markets Inc has begun searching for a new president, just over a month after it forced William O'Brien out of the position, the Wall Street Journal reported, citing people familiar with the matter.

  • CHICAGO, Sept 4- Chicago Mercantile Exchange live cattle futures closed mixed on Thursday, supported by initially higher cash prices while pressured by profit taking, traders said. October live cattle ended up 1.625 cents per lb at 157.050, and December at 158.500, up 0.500 cent.

  • NEW YORK, Sept 4- U.S. stocks ended lower on Thursday, reversing course late in the session as energy shares dropped and caution grew ahead of Friday's jobs report.

  • BUENOS AIRES, Sept 4- Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.

  • TORONTO, Sept 4- The Canadian government wants credit card companies and banks to voluntarily agree to lower transaction fees paid by retailers, and to do so within months, Finance Minister Joe Oliver said on Thursday.

  • *SPDR Gold Trust holdings down. NEW YORK/ LONDON, Sept 4- Gold slipped on Thursday as the euro plummeted against the dollar after the European Central Bank cut interest rates to record lows and said it would launch an asset purchase program to ward off deflation.

  • *Conflicts in Ukraine, Iraq dominate NATO summit. *NATO says Moscow has thousands of combat troops in Ukraine. NEWPORT, Wales, Sept 4- NATO demanded on Thursday that Moscow withdraw its troops from Ukraine as U.S.