GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • *IAG boss says will not drag out bid for Aer Lingus. DUBLIN, Feb 12- The chief executive of British Airways owner IAG told Irish politicians on Thursday that Aer Lingus would struggle to survive if they do not back its bid for the former flag carrier. Dubliner Walsh, who began his career as an Aer Lingus pilot and was the airline's chief executive before he moved to...

  • Feb 12- Cybersecurity company FireEye Inc's quarterly revenue beat market estimates as governments and businesses ramped up spending to protect their networks from increasingly sophisticated attacks. FireEye shares were up 7.2 percent at $38.26 in extended trading on Wednesday. FireEye was hired by No.2 U.S. insurer Anthem Inc last week when hackers...

  • Feb 12- Warehouse club retailer Costco Wholesale Corp will stop accepting American Express Co's credit cards at U.S. stores from next year, threatening nearly 8 percent of the card company's worldwide billed business. This represents a large loss in our opinion, "Jefferies analysts said in a report, noting that Costco also accounts for 20 percent of AmEx's...

  • Inovalon shares rise 23.9 in market debut Thursday, 12 Feb 2015 | 11:23 AM ET

    Feb 12- Class A shares of Inovalon Holdings Inc, a healthcare data analytics firm, rose as much as 23.9 percent in their market debut, valuing the company at about $4.83 billion. The company raised $600 million from the initial public offering of 22.2 million class A shares, making it the second biggest offering this year after Columbia Pipeline Partners LP raised...

  • LONDON, Feb 12- Private holders of Greek default insurance could be in for a payout of over $750 million if Greece defaults on debt owed to the European Central Bank or other public-sector creditors, lawyers said. Worries of a default have resurfaced as Athens is in a stand-off with its international lenders over its plans to end austerity measures agreed under...

  • LONDON, Feb 12- Global miner Rio Tinto is not interested in a proposal by Mongolia to cut its equity stake in key mines such as Rio's Oyu Tolgoi in exchange for more royalties, Chief Executive Sam Walsh said on Thursday. Mongolia hopes the plan will help to revive stalled foreign investment in large mining projects, but Walsh said Rio was not interested in buying a...

  • BOSTON, Feb 12- Fidelity Investments said on Thursday operating profit rose 29 percent to $3.4 billion in 2014, but investors made $16 billion in net withdrawals from equity products, or more than double the amount the previous year. Fidelity continues to be undercut by a wave of money flowing into passively run funds, mostly ones overseen by Vanguard Group, the...

  • *Russia- Ukraine ceasefire deal struck. NEW YORK, Feb 12- A cease-fire between Russian separatists and Ukrainian forces and surprisingly aggressive stimulus from Sweden's central bank injected optimism into global equity markets, which had been numbed by a stalemate over Greece debt negotiations. Investors also took cues from the ceasefire in Ukraine that...

  • Even though Athens' leftist government failed to come to an agreement with its international creditors overnight, a copy of draft proposals spoke of "extending" its bailout agreement as a "bridge" to a new package. Meanwhile, the European Central Bank extended the amount of emergency liquidity assistance for Greek banks by 5 billion euros, on top of the 60 billion...

  • KAMPALA/ ACCRA, Feb 12- Young Ghanaian entrepreneur Nana Tamakloe could hardly have a simpler business plan. "Most of the clothes sellers and tailors don't have a way to reach clients abroad, so I was like:' Let's create an e-commerce platform,"' said Tamakloe, whose www.fashionghana.com website serves customers in the West and some in Africa. Tamakloe's business is...

  • UNITED NATIONS, Feb 12- The United Nations Security Council on Thursday banned all trade in antiquities from war-torn Syria, threatened sanctions on anyone buying oil from Islamic State and al Qaeda-linked Nusra Front militants and urged states to stop kidnap ransom payments. Ambassador to the United Nations, Samantha Power, lamented that the council had not...

  • DEPUTY US TRADE REPRESENTATIVE SAYS US SEES PLANNED CHINA CYBER SECURITY RULES AS MAJOR BARRIER TO TRADE.

  • RAISED CONCERNS ABOUT CYBER SECURITY RULES WITH CHINA AT "HIGHEST LEVEL".

  • *China has financed most post-war infrastructure projects. COLOMBO, Feb 12- Sri Lanka's new government is looking to restructure expensive loans, mostly from China, that were taken out by the previous regime for infrastructure projects, ministers said on Thursday. The country borrowed more than $6 billion, mainly from China, for a massive infrastructure drive...

  • DEPUTY US TRADE REPRESENTATIVE SAYS EXPECTS NEGATIVE LIST INVESTMENT OFFER FROM CHINA FAIRLY SOON BUT NOT BEFORE LUNAR NEW YEAR.

  • RadioShack starts process to auction 1,700 store leases Thursday, 12 Feb 2015 | 11:00 AM ET

    Feb 12- Bankrupt electronics retailer RadioShack Corp kicked off a process to auction leases of about 1,700 stores to avoid paying an estimated $7 million in rent next month. RadioShack had a tentative deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund Standard General, one of its lenders and largest shareholders.

  • Total CEO hails Abu Dhabi concession as "blockbuster" Thursday, 12 Feb 2015 | 11:00 AM ET

    PARIS, Feb 12- The chief executive of Total hailed the renewal of its oilfield concession in Abu Dhabi as a "blockbuster" on Thursday and did not deny the French oil major may have coughed up over $2 billion to sign the deal. The Paris- based company raised pressure on its rivals when it became the first oil major to sign a deal on Jan. 29 with the Abu Dhabi National Oil...

  • LONDON, Feb 12- Brent crude oil rallied almost $2 to above $56 per barrel on Thursday, rebounding from a two-day losing streak, with industry spending cuts and a weaker dollar boosting buying. March Brent futures were up $1.89 at $56.55 a barrel by 1528 GMT, following a 3 percent loss in the previous session when prices fell below $54 a barrel at one point.

  • Ford to build new carbon fiber GT car in Ontario Thursday, 12 Feb 2015 | 11:00 AM ET

    TORONTO, Feb 12- Ford Motor Co will build its new GT carbon fiber supercar in Markham, Ontario, the company announced at the Canadian International Auto Show on Thursday. The two-door high-performance coupe, which was unveiled last month at the Detroit auto show and set for availability in late 2016, will be built in partnership with privately held contract...

  • Feb 12- Time Inc, the largest magazine publisher in the United States, reported a lower-than-expected quarterly profit and warned sales would decline further this year as it grapples with falling circulation and advertising revenue. The company, which was spun off from Time Warner Inc last June, has been severely hit by declining circulation and advertising...