Latest Business News Wires - Business Headlines


  • WARSAW, Nov 14- Poland is struggling to make "coal" less of a dirty word as it hosts U.N. talks on slowing global warming that usually focus mostly on phasing out fossil fuels in favour of renewable energies such as solar and wind power.

  • Nov 14- Shares of Eagle Bulk Shipping fell as much as 29 percent on Thursday, a day after the company warned that it could breach certain loan terms if freight rates remained low. It also warned that it could breach covenants in the current quarter if rates fell further, or it failed to cut costs or it suffered more losses on its investment in Korea Lines Corp.

  • Yellen, earnings reports bolster European shares Thursday, 14 Nov 2013 | 10:36 AM ET

    *Strong results at Bouygues contrast with weakness at RWE. LONDON, Nov 14- European shares rose on Thursday, cheered by solid earnings from Bouygues and Zurich Insurance, as well as by signs the U.S. Janet Yellen, President Barack Obama's nominee to head the U.S. central bank, said there was "more work to do" to help the economy.

  • *Cuts full-year earnings forecast to $4.08- $4.23/ share from $4.15- $4.35. Nov 14- Department store chain Kohl's Corp cut its full-year earnings forecast after reporting lower-than-expected quarterly results as fewer customers visited its stores, leading to a surprise fall in same-store sales.

  • Cisco shares tumble after revenue warning. NEW YORK, Nov 14- U.S. stocks were up modestly Thursday, holding gains from late in the previous session which came ahead of the release of remarks from Federal Reserve chair nominee Janet Yellen, while a slide in Cisco shares weighed on the technology sector.

  • *Sawiris to invest in Egypt in 2014. *Gulf money will not save Egypt. CAIRO, Nov 14- Egyptian tycoon Naguib Sawiris, whose family controls the Orascom corporate empire, said he would invest $1 billion in Egypt in 2014 and warned that urgent measures were needed to save the economy from collapse.

  • LONDON, Nov 14- As food begins to flow into Bashar al-Assad's Syria after several months of disruption, some of the president's close allies stand to make substantial profits from the secretive trade, according to trade and opposition sources with knowledge of the situation.

  • U.S. oil's discount to Brent widens to 7-month record Thursday, 14 Nov 2013 | 10:06 AM ET

    NEW YORK, Nov 14- U.S. oil's discount to global benchmark Brent widened to a more than seven-month record on Thursday as Libyan supplies remain offline while expectations for another large build in U.S. stocks drove the price of domestic oil lower. Brent prices rose as supplies from OPEC member Libya remain offline due to protests.

  • Nov 14- Activist investor Starboard Value LP asked business software maker Compuware Corp to consider an immediate sale or implement a new restructuring plan. Starboard, one of Compuware's largest shareholders with a stake of just under 5 percent, detailed the actions it wants the company to take in the restructuring plan.

  • Google prevails over authors in digital books case Thursday, 14 Nov 2013 | 9:57 AM ET

    NEW YORK, Nov 14- Google Inc on Thursday won the dismissal of a lawsuit by authors who accused it of digitally copying millions of books for an online library without permission.

  • WASHINGTON, Nov 14- President Barack Obama, under pressure from Democrats facing angry calls from people who have lost their health insurance plans, will deliver a statement on Obamacare at the White House at 11:35 a.m. EST, the White House said.

  • Treasury debt prices rose on Thursday as investors awaited clues on the path of monetary policy from a Senate panel hearing on Federal Reserve Vice Chair Janet Yellen's nomination to head the U.S. central bank.

  • WASHINGTON, Nov 14- The U.S. "I have concluded that it would be appropriate to redefine the Fed's monetary policy goals to focus solely, or at least primarily, on price stability," Plosser said at a Cato Institute conference about the role of the Fed. About a year ago, Dallas Fed chief Richard Fisher and James Bullard of the St.

  • NEW YORK, Nov 14- U.S. stocks opened little changed on Thursday ahead of a congressional hearing on the nomination of Janet Yellen as Federal Reserve chair, while a slide in Cisco shares weighed on each of the major indexes.

  • INSIGHT-The sour gas eating Kashagan oil profits Thursday, 14 Nov 2013 | 9:30 AM ET

    MILAN/ ALMATY, Nov 14- A pipeline inspection robot is set to join efforts to discover why the biggest new oilfield in decades is crippled and whether materials, construction methods, a design fault or all three are at the root of the problem.

  • *Diet drugs and plans a hard sell, despite rising obesity. KALUNDBORG, Denmark, Nov 14- Steam rises from pipes at a giant industrial complex on the edge of the Baltic Sea whose success is a testament to the world's diabetes and obesity epidemic.

  • *Says committed to rebuilding confidence of UK govt. LONDON, Nov 14- Serco, the embattled contractor accused of overbilling the British government, revealed the extent of its problems by announcing heavy one-off charges and a profit warning on Thursday.

  • *Trade deficit widens to $41.8 billion in September. WASHINGTON, Nov 14- The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth estimates trimmed. The trade gap increased 8.0 percent to $41.8 billion, the largest since May, the Commerce Department said.

  • Nov 14- Defense contractor Lockheed Martin Corp said on Thursday it plans to cut 4,000 jobs, or more than 3 percent of its worldwide workforce, to cope with declines in U.S. spending. The weapons maker will close operations in Akron, Ohio; Newtown, Pennsylvania; Goodyear, Arizona; and Horizon City, Texas, by mid-2015.

  • *Japan's Aso says must retain FX intervention as policy tool. NEW YORK, Nov 14- The euro fell on Thursday as the euro zone reported weakening growth, while the dollar touched a two-month high against the yen after Japan's finance minister said currency intervention was still a policy option.

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