Latest Business News Wires - Business Headlines


  • BRUSSELS, Sept 3- Russia's ban on imports of food from Europe, part of its response to EU sanctions imposed over the Ukraine crisis, could cost the European Union 5 billion euros a year, according to an internal EU document seen by Reuters.

  • MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday.

  • *Zoetis explores international markets for product. CHICAGO, Sept 3- Zoetis Inc has received a conditional license from the U.S. Department of Agriculture for its vaccine against a deadly piglet virus and will begin selling it this month in the United States, the company said on Wednesday.

  • *Portugal bond sale first since bailing out BES. LONDON, Sept 3- Portugal successfully sold on Wednesday its first bond since it bailed out Banco Espirito Santo, with expectations of more monetary stimulus from the ECB spurring yield-hungry investors to snap up the 15- year paper.

  • Wet Seal CEO steps down amid declining same-store sales Wednesday, 3 Sep 2014 | 12:10 PM ET

    Sept 3- Struggling apparel retailer Wet Seal Inc brought back former Chief Executive Edmond Thomas at the helm to replace John Goodman amid mounting losses and declining same-store sales.

  • NEW YORK, Sept 3- When everyone else starts loading their backpacks and shopping the back-to-school sales, I know it is time for me to dive back into TurboTax. That's because fall is the perfect time to plan my approach to the tax forms I won't file until next April. By using the next four months strategically, I may be able to reduce the amount I have to pay then.

  • WINNIPEG, Manitoba, Sept 3- A pickup in fertilizer demand has brightened the outlook for North American potash companies who suffered through plunging prices and profits after a European trading consortium collapsed in 2013..

  • *Confusion as Ukraine, Russia announce progress towards peace. NEW YORK, Sept 3- Crude oil prices climbed by more than $1 a barrel on both sides of the Atlantic on Wednesday as oil markets bounced off multimonth lows hit in the previous session, as the prospect of peace talks between Ukraine and Russia as well as strong U.S. economic data raised demand expectations.

  • NEW YORK, Sept 3- Andrew Madoff, the son of convicted fraudster Bernard Madoff, died on Wednesday from cancer, his lawyer said. "Andrew Madoff has lost his courageous battle against mantle cell lymphoma," lawyer Martin Flumenbaum said in a statement.


  • Attorney takes on objections to Detroit bankruptcy plan Wednesday, 3 Sep 2014 | 11:49 AM ET

    DETROIT, Sept 3- Detroit's plan to adjust its debt is feasible and fair to creditors, while trying to fix city finances outside of U.S. Bankruptcy Court would lead to a blizzard of litigation, an attorney for the city said Wednesday as he completed an opening argument in the landmark bankruptcy case.

  • Sept 3- Goldman Sachs Group Inc should not have been ordered to pay former programmer Sergey Aleynikov's legal fees to defend against criminal charges that he stole secret code from the bank's computers, a divided federal appeals court ruled on Wednesday.

  • UPDATE 2-Buckeye buys Trafigura's prized Texas oil assets Wednesday, 3 Sep 2014 | 11:45 AM ET

    Sept 3- Oil logistics specialist Buckeye Partners LP said it will pay $860 million for control of Trafigura's prized oil facilities in the Texas shale hub, while expectations rise that Washington will relax its ban on crude oil exports.

  • General Motors Co narrowly missed expectations, but held on to the top spot, while Toyota Motor Corp edged Ford Motor Co for the second straight month. The lowest gasoline prices in four years helped GM and Chrysler Group, a unit of Fiat SpA, achieve double-digit gains in sales of full-size pickups, which provide the bulk of profit.

  • WASHINGTON, Sept 3- The percentage of Americans regarded as "food insecure"- lacking access to enough food for a healthy life- has edged down in the past few years but still represents over 17 million households, the U.S. Agriculture Department said on Wednesday.

  • NEW YORK, Sept 3- Equity markets worldwide rose on Wednesday, with the S&P 500 hitting a record high on hopes a resolution would be reached between Ukraine and Russia, while the euro rebounded from a one-year low against the dollar on expectations for more European Central Bank stimulus.

  • U.S. Fed adopts final liquidity rules for big banks Wednesday, 3 Sep 2014 | 11:24 AM ET

    WASHINGTON, Sept 3- The U.S. Federal Reserve on Wednesday voted to adopt final rules requiring big banks to hold more assets that they could sell easily in a credit crunch. The Federal Deposit Insurance Corp also plans to vote on the final rules on Wednesday.

  • MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport, and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday. President Enrique Pena Nieto formally announced the project on Tuesday.

  • TOKYO, Sept 3- Investors may have jumped the gun when they bought Japanese stocks and sold the yen on news that a proponent of an overhaul of Japan's Government Pension Investment Fund will be in charge of the ministry that oversees the mammoth fund.