Latest Business News Wires - Business Headlines


  • *Domestic demand, investment cooling in Chile. *Finance Minister says Chile on track to grow 4.5 pct this year. SANTIAGO, Nov 18- Chile's economy grew a faster-than-expected 4.7 percent in the third quarter compared with a year earlier, boosted by the country's mining industry, central bank data showed on Monday.

  • Midwest and Ontario in Canada were without power Monday morning following severe thunderstorms Sunday night, according to local power companies. Other hard-hit states include Illinois, Indiana, Ohio, Missouri, West Virginia, Pennsylvania and New York. There were also about 88,000 outages in Ontario.

  • OXFORD, Nov 18- BMW unveiled a more fuel efficient, third-generation version of its iconic Mini on Monday, as the world's biggest luxury carmaker looks to retain its leadership in the lucrative high-end compact car market.

  • WASHINGTON, Nov 18- SynQor Inc's $111 million court victory against various companies that manufacture power converter systems that it sued for patent infringement is now final after the U.S. Supreme Court said on Monday it would not review the case.

  • Michigan was the hardest-hit state with more than 540,000 customers out. DTE Energy Co, the biggest power company in the state, said it has about 275,000 customers out and expects it to take several days to restore service to all homes and businesses. Other hard-hit states include Illinois, Indiana, Ohio, Missouri, West Virginia and Pennsylvania.

  • Fairfax agrees to acquire majority stake in The Keg Monday, 18 Nov 2013 | 10:02 AM ET

    Nov 18- Fairfax Financial Holdings Ltd has agreed to acquire a majority interest in privately held Keg Restaurants Ltd, which owns over 100 steak house restaurants in Canada and parts of the United States. Toronto- based Fairfax, headed by Canadian value investment guru Prem Watsa, is the largest shareholder of BlackBerry Ltd.

  • BMW launches fuel-efficient, "still cheeky", new Mini Monday, 18 Nov 2013 | 10:00 AM ET

    OXFORD, Nov 18- BMW unveiled a more fuel efficient, third-generation version of its iconic Mini on Monday, as the world's biggest luxury carmaker looks to retain its leadership in the lucrative high-end compact car market.

  • NEW YORK, Nov 18- U.S. homebuilder confidence stabilized in November after falling for two straight months, though steady home demand was tempered by worries about further fiscal battles in Washington, the National Association of Home Builders said on Monday.

  • *Britain reviewing tax on foreign property investors. *Overseas buyers fuel London property boom. LONDON, Nov 18- Britain may impose new taxes on foreign property investors in response to soaring house prices in London, Deputy Prime Minister Nick Clegg said on Monday.

  • COLUMN-Is there any future for coal? Kemp Monday, 18 Nov 2013 | 9:48 AM ET

    Coal has replaced nuclear as the form of energy that environmentalists most love to hate. "The world needs to turn its back on the fossil fuels of the past, like coal, which have helped to create today's climate and instead look to the clean, renewable energy sources of the future," the UK charity Christian Aid said on Monday.

  • *Australian and New Zealand dollars outperform on China reforms. NEW YORK, Nov 18- The safe-haven dollar and yen fell on Monday after China announced its most sweeping economic and social reforms in nearly three decades, boosting investor appetite for higher-yielding currencies such as the Australian and New Zealand dollars.

  • *Deal seeks to calm relations with Belarus' Lukashenko. MOSCOW, Nov 18- Tycoon Mikhail Prokhorov agreed to buy a stake in Uralkali, the world's largest potash miner, as Russia seeks to ease tensions over the collapse of a potash sales cartel with Belarus, which drove down global prices.

  • NEW YORK, Nov 18- Foreigners fled from short-term U.S. assets in September as a budget battle in Washington raised fears the government could default on some obligations, though demand for longer-term securities rose, U.S.

  • PREVIEW-VW to set investment plans, may tighten belt Monday, 18 Nov 2013 | 9:39 AM ET

    BERLIN, Nov 18- Volkswagen's supervisory board should approve a five-year spending plan on Friday that aims to make the German carmaker the world's biggest while also trimming investment as revenues get tighter.

  • NEW YORK, Nov 18- U.S. stocks rose at the open on Monday, with the Dow and S&P extending record highs as trading continues to focus on economic stimulus from the Federal Reserve.

  • DUBAI, Nov 18- Qatar Airways will launch domestic operations in Saudi Arabia in the first half of 2014, the chief executive of the airline said on Monday. Akbar Al Baker said the Saudi domestic services carrier will be called Al Maha Airways and will start with the main cities of the kingdom including Riyadh and Jeddah, and then move to the second-tier cities.

  • LETTERKENNY ARMY DEPOT, Chambersburg, Pennsylvania, Nov 18 (Reuters)- Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense's accounts.

  • Nov 18- Washington Post Co is changing its name to Graham Holdings Co after it sold the Washington Post newspaper to Amazon.com Inc founder Jeff Bezos. The company's symbol on the New York Stock Exchange will change to "GHC" from Nov. 29, Washington Post Co said on Monday.

  • LONDON, Nov 18- Capita's veteran boss Paul Pindar, who built a small IT consultancy into Britain's largest outsourcing group, is to step down after 26 years with the company, walking away from a sector facing greater scrutiny for being too reliant on a few major firms.

  • *Sony shares rally on PlayStation sales, pressure Microsoft. Three Fed presidents are expected to speak Monday, with New York's William Dudley out on economic conditions at 12:15 p.m. EST, Philadelphia's Charles Plosser on the economic outlook at 1:30 p.m. and Minneapolis' Narayana Kocherlakota on "Too Big to Fail: the Need for Metrics" at 7:45 p.m..

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