GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • UPDATE 1-Apple to replace AT&T in Dow industrials Friday, 6 Mar 2015 | 9:12 AM ET

    NEW YORK, March 6- Apple Inc, the nation's largest company by market value, will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc, S&P Dow Jones Indices said on Friday. Apple holds a market capitalization of about $736 billion, making it the largest publicly traded company in the world. AT&T, by contrast, has a market value of $176.5 billion.

  • BERLIN, March 6- Volkswagen will probably stop making two-door versions of the Polo hatchback, one of the German brand's top models, as Europe's largest carmaker accelerates cost cutting at its core division, company sources said. The Polo, which VW has been building for four decades, was Europe's fourth best-selling vehicle last year, only trailing the VW Golf,...

  • Apple to replace AT&T in Dow industrials Friday, 6 Mar 2015 | 9:06 AM ET

    March 6- Apple Inc, the nation's largest company by market value, will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc, S&P Dow Jones Indices said on Friday.

  • BAKU, March 6- Azeri state energy firm SOCAR plans to issue Eurobonds in March, the firm's president said on Friday, following a sharp fall in global oil prices. "We plan to issue Eurobonds before the end of March," Rovnag Abdullayev told reporters. "It's linked to the declining oil price," he added, without elaborating on any other details of the upcoming issue.

  • *$35 bln poured into Europe stocks, bonds since QE unveiled. PARIS, March 6- European stocks rose on Friday with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan. Sources told Reuters the EU will impose anti-dumping duties later this month on imports of stainless...

  • But Nissan said that in model years 2013 to 2015 Altima sedans made from March 6, 2012 to Dec. 31, 2014, the secondary latch may not hold. Nissan has not yet found the root cause of the problem or how to fix it, and cannot definitely say whether the recall in North America will have to be expanded again. Nissan said it "tentatively concludes that vehicles manufactured...

  • March 6- Aluminum maker Alcoa Inc said a review of its operations could impact 14 percent of its global smelting capacity and 16 percent of its global refining capacity. Alcoa said the review could result in partial and full plant curtailments, permanent shutdowns and divestitures. Alcoa has been has been reducing higher-cost smelting capacity to cut costs.

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. Nonfarm payrolls rose 295,000 last month after rising 239,000 in January, the Labor Department said...

  • WASHINGTON, March 6- U.S. employment accelerated in February and the jobless rate fell to 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. Nonfarm payrolls rose 295,000 last month after downwardly revised 239,000 gain in January, the Labor Department said on Friday. The unemployment rate was at 5.7 percent...

  • A track record of coups and civil wars has historically made many investors wary of the region, which is still struggling with unrest in Mali, turmoil in Central African Republic and the spillover from Nigeria's Boko Haram Islamist insurgency. I continue to believe that the opportunities are very good, with Ivory Coast being the belle of the ball, "he told Reuters...

  • OTTAWA, March 6- The labor productivity of Canadian businesses dropped by 0.1 percent in the fourth quarter of 2014 after posting a 0.2 percent gain in the third quarter, Statistics Canada said on Friday. Experts had forecast no change in productivity. Statscan revised the third quarter increase up from an initial 0.1 percent.

  • BRASILIA, March 6- Brazil's annual inflation rate rose more than expected in February to the highest in nearly 10 years, drifting further away from the central bank's goal despite aggressive interest rate hikes and sputtering economic growth. The result, which topped even the most pessimistic of 28 forecasts in a Reuters poll, shows the unpopular shock therapy...

  • ATHENS, March 6- Greece will auction 1.0 billion euros of three-month treasury bills on March 11 to refinance a maturing issue, debt agency PDMA said on Friday, announcing its second sale this month as the government faces a cash crunch. Shut out of debt markets and with aid from its official creditors frozen, Athens is scrambling to meet this month's funding needs,...

  • LONDON, March 6- The former chief executive of the London Metal Exchange, Martin Abbott, has been appointed as an independent non-executive director of Mitsui& Co. Commodity Risk Management, the company said on Friday. MCRM is a wholly owned unit of Mitsui& Co., one of Japan's top two trading houses. MCRM said in a statement that Abbott would remain in the same post...

  • BRUSSELS, March 6- The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. Eurofer says that China and Taiwan shipped 620 million euros worth of cold-rolled stainless steel into the European Union in...

  • BARCELONA, March 6- Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts...

  • LONDON, March 6- It's over two years since Charles Li, chief executive of Hong Kong Exchanges and Clearing, threatened to use a "bazooka" on the long load-out queues at his new purchase, the London Metal Exchange. And that's about the time it still takes to get aluminium out of Detroit or Vlissingen, the two LME locations with embedded queues. The waiting time at Detroit...

  • The outlook excludes costs related to the company's $6.3 billion acquisition of smaller rival Office Depot Inc, which is being examined by the U.S. Federal Trade Commission. The anti-trust watchdog is widely expected to approve the deal, which would leave the United States with a single specialty office-supplies retailer to compete with big-box chains such...

  • European shares at 7-year highs ahead of U.S. jobs Friday, 6 Mar 2015 | 7:03 AM ET

    *Thomas Cook up 19 pct after China's Fosun buys stake. PARIS, March 6- European shares rose on Friday, extending a rally which has propelled regional indexes to seven-year highs, with Thomas Cook jumping after a Chinese investor bought a stake in the travel group. China's Fosun International, which recently took over France's Club Mediterranee, acquired a 5...

  • NEW YORK, March 6- LightSquared gained momentum this week in its effort to end its three-year bankruptcy after a judge dealt a blow to its main creditor and adversary, Charles Ergen, ahead of a week-long trial on its latest debt restructuring plan. LightSquared, the would-be wireless provider owned by Phil Falcone's Harbinger Capital Partners hedge fund, on...