Latest Business News Wires - Business Headlines


  • Nov 8- As Twitter Inc's chief financial officer planned the company's initial public offering this year, he had one overriding goal: to avoid becoming the next Facebook Inc..

  • SANTIAGO, Nov 8- Workers at Barrick Gold Corp's suspended Pascua-Lama gold mine in Chile signed a new contract on Friday, dropping a strike threat that could have delayed crucial construction of a water management system, a union leader told Reuters.

  • American Homes 4 Rent prepping home-rental bond Friday, 8 Nov 2013 | 2:51 PM ET

    NEW YORK, Nov 8- California- based American Homes 4 Rent announced on Friday that it will be issuing its inaugural single-family rental securitization within the next 90 days. American Homes is likely to structure the deal similar to this week's Blackstone deal, which received Triple A ratings from Kroll, Morningstar, and Moody's, sources said.

  • DETROIT, Nov 8- General Motors Co's new Cadillac marketing chief believes it could take as long as a decade to build its reputation as a global luxury brand. Pre-bankruptcy, the Detroit company lacked the financial clout to boost demand beyond the small numbers sold outside the United States.

  • NEW YORK/ TORONTO, Nov 8- BlackBerry Ltd's board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions.

  • NEW YORK, Nov 8- Michigan Governor Rick Snyder is optimistic that Detroit's bankruptcy case can be wrapped up during the remaining tenure of the emergency manager he installed to run the cash-strapped city, he said Friday. Orr has said he expects to depart by September, 2014 at which point he also expects Detroit to emerge from bankruptcy.

  • Prosecutors in the Steinberg case asked that the defense team for Steinberg, who was charged in March over alleged insider trading in computer company Dell Inc and chipmaker Nvidia Corp, be barred from introducing evidence of trading in those stocks by another top SAC lieutenant, Gabriel Plotkin, to avoid creating confusion for the jury.

  • NEW YORK, Nov 8- New York's business leaders may be open to a plan to levy a surcharge on higher earners in what could be a boost to mayor-elect Bill de Blasio when he lobbies the state legislature to approve the measure in next year's budget.

  • NEW YORK, Nov 8- Data storage company Box, one of the most highly anticipated IPO candidates in Silicon Valley, has selected banks to lead a proposed initial public offering that could come in the first half of 2014, according to three people familiar with the matter.

  • WASHINGTON, Nov 8- U.S. senators will question financial regulators over Wall Street's role in commodity markets, a person familiar with the matter said, in a hearing that will draw close attention from the largest investment banks.

  • *Iran wants oil, banking sanctions eased to launch deal. *Powers rule this out, offer Iran access to frozen assets. Secretary of State John Kerry said on Friday important gaps needed to be bridged in high-stakes talks with Iran on curbing its nuclear programme and he began talks with Tehran's foreign minister to try to clinch an interim deal.

  • DETROIT, Nov 8- Detroit tried in good faith to negotiate an out-of-court settlement with creditors before declaring bankruptcy on July 18, even though it suspected that default was unavoidable, a lawyer for the city told a court on Friday.

  • LONDON, Nov 8- Online gaming group bwin.party Digital Entertainment has been given permission to start offering gambling in New Jersey, the third and potentially most lucrative U.S. state to allow internet betting.

  • WASHINGTON, Nov 8- Once a homeowner retires or takes a new job in another state, it usually doesn't take long for the "For Sale" sign to pop up on the front lawn. With home prices still 14 percent below their peak, according to Federal Housing Finance Agency data, some homeowners would have to take a loss to sell their homes.

  • SANTIAGO, Nov 7- LATAM Airlines is expected to leave behind a cycle of poor earnings and finally enjoy the fruits of its merger to post a solid bottom line over a year after the region's largest carrier was created.

  • *Santarus jumps on buyout deal, acquirer Salix also up. NEW YORK, Nov 8- U.S. stocks jumped on Friday, bouncing back from a selloff in the previous session after an unexpectedly strong payrolls report lent weight to views the world's largest economy is stronger than previously thought.

  • LONDON, Nov 8- Online gaming group bwin.party Digital Entertainment has been given permission to start offering gambling in New Jersey, the third and most lucrative U.S. state to allow internet betting.

  • Last December, Canada allowed China's CNOOC Ltd to buy domestic energy firm Nexen Inc despite unhappiness among some legislators in the ruling Conservative Party, who said they did not like the idea of foreign state-owned enterprises buying Canadian energy assets.

  • Nov 8- Two insurance companies that guaranteed payments on Detroit's voter-approved general obligation bonds sued the city in U.S. Bankruptcy Court on Friday over its Oct. 1 default on $9.37 million in payments due to bondholders.

  • *Cablevision blames losses on new promotions policy. *Earnings per share beat Wall Street view. *Shares fall as much as 6 pct; down 1.3 pct in afternoon.

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