Latest Business News Wires - Business Headlines


  • *Alcoa's results boost sentiment, shares rise 3.5 percent. U.S. stocks rose for a second session, buoyed after Alcoa late Tuesday reported quarterly results that topped analysts' expectations, even though the company's adjusted profit fell due to declining aluminum prices.

  • April 9- Constellation Brands Inc said it expects to spend upto $1.1 billion- almost double its previous forecast- to increase capacity at a Mexican brewery, hurting its full-year profit and cash flow forecasts and sending its shares down 5 percent.

  • BOSTON, April 9- Security experts warn there is little Internet users can do to protect themselves from the recently uncovered "Heartbleed" Internet threat that exposes data to hackers, at least not until vulnerable websites take steps to secure their communications.

  • VW tells dealers to stop selling some 2014 model cars Wednesday, 9 Apr 2014 | 1:16 PM ET

    April 9- Volkswagen AG said it will stop selling about 27,000 current model year Jettas, Beetles, Beetle Convertibles and Passats with 1.8- liter engines and automatic transmissions in North America because transmission oil may leak, the automaker said on Wednesday. Of the 27,000 vehicles, 25,000 are in the United States and about 2,000 in Canada, VW said.

  • PARIS, April 9- A French appeals court has blocked the extradition from France to Ukraine or Russia of jailed Kazakh tycoon Mukhtar Ablyazov, accused of embezzling up to $6 billion from his former bank BTA, his lawyer said on Wednesday.

  • PRECIOUS-Gold falls ahead of Fed minutes; S&P rises Wednesday, 9 Apr 2014 | 1:06 PM ET

    NEW YORK/ LONDON, April 9- Gold fell on Wednesday on gains in U.S. equities and fresh outflows from bullion-backed exchange-traded funds, while traders awaited further cues from the minutes of the U.S.

  • April 9- General Motors Co's Cadillac overtook Toyota Motor Corp's Lexus to emerge as the highest-ranked brand for customer satisfaction with dealer service, according to an annual survey by market research firm J.D. Power. Volkswagen AG's Audi jumped four places to take the second spot, which was occupied by Cadillac in the previous survey.

  • *Russia seeks to reassure West, Ukraine over troops. NEW YORK, April 9- Brent crude rose on Wednesday as rising tensions between Russia and Ukraine made investors skittish again, while U.S. crude rose on much higher than expected gasoline demand.

  • WASHINGTON, April 9- U.S. wholesale inventories rose at a slower pace in February, strengthening views that restocking will weigh on economic growth in the first quarter.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources be stripped of two iron ore concessions, saying the company and a joint venture it owns with Brazilian mining giant Vale obtained the rights by corruption.

  • HP pays $108 mln to settle DOJ, SEC corruption probes Wednesday, 9 Apr 2014 | 12:42 PM ET

    SAN FRANCISCO, April 9- Hewlett-Packard will pay $108 million and agreed to take on certain reporting and compliance obligations to settle a Justice Department and SEC investigation into potential violations of the Foreign Corrupt Practices Act.

  • PARIS, April 9- The European Union this week moved a step closer towards the launching of duty-free imports of Ukrainian grains as part of a package of trade benefits to cement Kiev's historic shift away from Russia.

  • MADRID, April 9- Some of the owners of the world's top olive oil bottler Deoleo are rethinking plans to sell, sources said, after the Spanish government revealed its interest in buying into what it sees as a nationally strategic company. Deoleo said on Wednesday private equity firm CVC had made the highest offer for the company.

  • *China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Nickel prices surged to their highest in over a year on Wednesday on persistent worries about shortages due to Indonesia's ban on ore exports but copper eased on concerns about economic growth in top metals consumer China.

  • Ukraine's richest man gambles on peacemaker role Wednesday, 9 Apr 2014 | 12:22 PM ET

    *Oligarch Akhmetov mediating with pro- Russia activists. *Coal and steel boss is major player in east Ukraine. KIEV, April 9- Ukraine's richest man has seized on the stand-off between the Kiev authorities and pro- Russia separatists to help forge new political alliances following the overthrow of his former ally, President Viktor Yanukovich.

  • PARIS, April 9- One is a balding, bespectacled safe-pair-of-hands known for his negotiating skills; the other a firebrand orator of the French left who made his name riling big business, Brussels and Berlin.

  • HIGHLIGHTS-Top copper mining executives speak in Santiago Wednesday, 9 Apr 2014 | 12:15 PM ET

    SANTIAGO, April 9- Top copper mining executives have flocked to Santiago, Chile to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No. 1 industrial metal user, weigh on prices and sentiment. DIEGO HERNANDEZ, ANTOFAGASTA PLC CHIEF EXECUTIVE OFFICER. On mining challenges in Chile:.

  • *Senator opposes Comcast deal to buy Time Warner Cable. NEW YORK, April 9- U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting.

  • WASHINGTON, April 9- The city of Detroit on Wednesday struck a deal with bond insurers over a key class of debt in its landmark bankruptcy case that significantly reduces bondholder losses and could pave the way for agreements with other creditors.

  • WASHINGTON, April 9- U.S. Senate Republicans on Wednesday blocked a bill that Democrats said would give women a "fair shot" at obtaining equal pay to men for comparable work. Forty-two Republicans and one independent, Angus King of Maine, voted against the bill.