Latest Business News Wires - Business Headlines


  • S.Korea central bank keeps rates unchanged for 9th month Wednesday, 12 Feb 2014 | 8:12 PM ET

    SEOUL, Feb 13- South Korea's central bank stood pat for a ninth straight month on Thursday, as expected, and a firming economic recovery supported the consensus market view that the bank would begin raising interest rates later this year.

  • NYMEX-U.S. crude dips but holds near four-month high Wednesday, 12 Feb 2014 | 8:09 PM ET

    SINGAPORE Feb 13- U.S. crude oil futures eased on Thursday, but held near a four-month high touched the previous session on expectations one-time landlocked oil will continue to flow to Gulf coast refineries from the U.S. contract's benchmark delivery point. U.S. crude for March delivery fell 13 cents to $100.24 by 0040 GMT after closing at $100.37 on Wednesday.

  • Feb 12 (Reuters)- Competition is cooling Whole Foods Market Inc's red-hot run, and the largest U.S. organic and natural food retailer stunned investors on Wednesday by cutting its 2014 sales forecast for the second time in three months.

  • SINGAPORE, Feb 13- Gold was trading steady near its three-month high on Thursday, close to breaking past $1,300 an ounce as technical momentum, short-covering and hopes for a measured tapering of U.S. stimulus offset any negative impact from firmer equities.

  • TOKYO, Feb 13- Asian markets held steady near three-week highs on Thursday, as investors were cautiously optimistic after upbeat trade data from China eased concerns over the global economy and helped take some of the sting off the recent emerging markets turmoil.

  • BUENOS AIRES, Feb 12- Argentine President Cristina Fernandez criticized supermarket chains and said they could face consequences for what she claimed was price speculation on basic products, as the government tries to keep a lid on inflation. "Why does Argentina lack yerba?

  • ADVISORY-Peru story on illegal mined gold withdrawn. Wednesday, 12 Feb 2014 | 7:12 PM ET

    LIMA, Feb 11- Please be advised that the story headlined " Peru says crackdown on illegally mined gold may cut exports 25 pct" published Tuesday Feb 11 is withdrawn. Dynacor Gold Mines Inc. said in a statement that it denies it has had any of its gold confiscated by the authorities. STORYtNUMBER: L2N0LG1S0 STORYtDATE: 12/02/2014 STORYtTIME: 0026 GMT.

  • Second top Democrat opposes U.S. fast-track trade power Wednesday, 12 Feb 2014 | 6:44 PM ET

    President Barack Obama' s party spoke out on Wednesday against a proposal to give the White House power to fast-track trade deals, delivering another blow to the chances of getting the bill through Congress quickly.

  • *Forecasts first-quarter revenue $62 mln- $63 mln vs est $60.6 mln. Feb 12- Real estate website operator Zillow Inc warned that near-term profit would be hit due to higher advertising costs, sending its shares down 3 percent in after-hours trading.

  • NEW YORK, Feb 12- New York City Mayor Bill de Blasio included a tax on the wealthy to pay for universal pre-kindergarten in his first budget and proposed restoring $1 billion to a retiree healthcare fund that his predecessor's plan would have drained. The Democrat-led City Council must approve a budget by the start of fiscal 2015 on July 1.

  • CALGARY, Feb 12- Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions.

  • Feb 12- Luxury clothing retailer Nicole Miller's chief executive, Bud Konheim, said Americans should stop complaining about poverty as it would be considered wealth in most other countries. Nicole Miller makes high-end fashion dresses for celebrities such as Angelica Huston, BeyoncĂ© Knowles, Angelina Jolie and Brooke Shields.

  • *Expects second-qtr adj EPS $0.25- $0.29/ shr vs est $0.27. Feb 12- Applied Materials Inc, the biggest maker of equipment used to make semiconductors, reported a 39 percent jump in first-quarter revenue as higher demand from manufacturers of flash memory chips helped to offset weak sales to makers of logic chips.

  • SYDNEY, Feb 13- The euro nursed losses early on Thursday, having suffered a setback on dovish comments from a top European Central Bank official, while a surprisingly upbeat economic outlook from the Bank of England gave sterling a shot in the arm. The euro slipped to $1.3595 and 139.35 yen, pulling further away from highs of $1.3684 and 140.31.

  • LOS ANGELES, Feb 12- CBS Corp reported higher profit that beat Wall Street forecasts for the quarter that ended in December, boosted by revenue from digital streaming deals and fees from pay television operators.

  • OTTAWA, Feb 12- Proposed legislation to crack down on companies that unjustifiably charge more for goods in Canada than in the United States has raised eyebrows among experts on the issue as it is seen as being ineffective in lowering prices.

  • SAN FRANCISCO, Feb 12- Nvidia Corp on Wednesday posted higher fourth-quarter revenue that beat expectations, fueled by the graphics chipmaker's PC gaming components, even as it grapples with an expansion beyond computers and into mobile devices. With the personal computer industry losing steam, Nvidia has expanded its graphics chips into mobile devices.

  • WASHINGTON, Feb 12- U.S. business and labor leaders urged Congress on Wednesday to raise the federal gasoline tax to prevent a fund that pays for road and bridge projects from running out of money as early as September.

  • *Panel votes 7-2 against drug's use during a heart procedure. Feb 12- An independent advisory panel to the U.S. Food and Drug Administration said a blood clot preventer developed by The Medicines Co should not be approved due to a lack of data to prove its efficacy. Medicines Co shares fell 12 percent to $29.05 in post-market trading.

  • NEW YORK, Feb 12- A massive cyber attack from unknown sources that has been spamming bitcoin exchanges is highlighting some of the dangers people can encounter when they exchange cash for digital currencies like the bitcoin, experts said on Wednesday.