Latest Business News Wires - Business Headlines


  • RUSTENBURG, South Africa, Sept 16- South African platinum miner Vincent Nyeleka has just moved up in the world, leaving behind a cramped hovel that he rented for a new, three-bedroom house he can call his own.

  • Entropic, which did not say what those options were, also lowered its revenue forecast for the current quarter blaming slower spending by telecom and cable customers in light of several big mergers. Entropic supplies chips for set-top boxes for cable and satellite TV providers such as Comcast Corp and Verizon Communications Inc..

  • TORONTO, Sept 16- The Canadian government should tighten lending rules further to discourage consumers from taking on too much debt in an environment of low interest rates, the outgoing chief executive of Toronto-Dominion Bank said on Tuesday.

  • *OPEC to cut output target in November meeting- Badri. NEW YORK, Sept 16- Brent and U.S. crude futures rose more than a dollar on Tuesday on the prospect of a possible OPEC production cut and on news that Libya curbed output after rockets hit an area near a refinery.

  • PARIS, Sept 16- Prime Minister Manuel Valls vowed to preserve France's social model while pushing pro-business reforms ahead of a parliament confidence vote on Tuesday in which left-wingers have threatened to abstain in protest.

  • NEW YORK, Sept 16- Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.

  • WASHINGTON, Sept 16- The median U.S. household income remained nearly flat at $51,939 in 2013 compared to the previous year, according to federal government data released on Tuesday that offered a key indicator of the country's economic well-being.

  • Edouard, a Category 3 hurricane on the Saffir-Simpson scale, had top sustained winds of 115 miles per hour by 11 a.m. AST and was swirling 420 miles east of Bermuda, the Miami- based agency said.

  • WASHINGTON, Sept 16- The U.S. Congress appeared poised on Tuesday to quickly approve President Barack Obama's plan to arm and train Syrian rebels, a major part of the effort he announced this week to fight Islamic State militants.

  • Russia still has around 1,000 troops in Ukraine - NATO Tuesday, 16 Sep 2014 | 10:58 AM ET

    BRUSSELS, Sept 16- NATO believes Russia still has around 1,000 soldiers inside Ukraine despite some cuts in troop numbers since a ceasefire began there on Sept. 5, a NATO military officer said on Tuesday. Russia continued to provide combat and logistical support to separatist positions in Donetsk and Luhansk in eastern Ukraine, he added.

  • SAO PAULO, Sept 16- Nextel operator NII Holdings Inc is hanging on to its Brazilian unit even though the welterweight mobile carrier has filed for bankruptcy protection in the United States and sold off other Latin American operations.

  • Brent crude climbed above $98 after hitting a 26- month low in the prior session while U.S. crude gained 78 cents to $93.70 on the possibility of an output cut from OPEC. Among the leaders to the upside were Exxon Mobil, up 0.8 percent to $97.04, and Schlumberger, up 0.7 percent to $103.72.

  • *Crude oil rises on possible OPEC supply cut. Wall Street stocks rose modestly on the day, while an index of European shares fell 0.4 percent as this week's referendum on independence in Scotland kept investors on edge with polls suggesting the vote remains too close to call.

  • UNITED NATIONS, Sept 16- The United Nations, Israel and the Palestinian Authority have reached a deal to allow reconstruction work to begin in the war-torn Gaza Strip with U.N. monitoring of the use of materials, U.N.

  • Sept 16- Shopping center operator Washington Prime Group will buy smaller peer Glimcher Realty Trust for about $2.06 billion, its biggest deal since being spun off from Simon Property Group Inc in May.

  • ZURICH, Sept 16- The head of Switzerland's banking association urged the government on Tuesday to strike deals with European neighbours to root out untaxed money in the country and make it easier for Swiss banks to do business abroad.

  • NEW YORK, Sept 16- Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.

  • FRANKFURT, Sept 16- U.S. buyout firm Blackstone is acquiring two office towers in Frankfurt, Germany, for a combined 350 million euros to bolster its real estate business, sources familiar with the matter said on Tuesday.

  • *Brussels will review any state capital injections. DUBLIN/ FRANKFURT, Sept 16- For the first time since its financial crisis struck in 2008, Europe is carrying out stress tests that could force change at banks with strong political connections.

  • *Frankfurt judge sets aside previous temporary injunction. FRANKFURT, Sept 16- A Frankfurt judge has lifted a temporary injunction on online taxi service Uber, only two weeks after barring the Silicon Valley company from operating a novel car-sharing service across Germany.