Latest Business News Wires - Business Headlines


  • *Home Depot shares gain in premarket after results. NEW YORK, Feb 25- U.S. stock index futures edged lower on Tuesday, with investors finding few reasons to buy following a rally that took the S&P 500 to an all-time intraday high.

  • Metro appoints new boss for German wholesale unit Tuesday, 25 Feb 2014 | 7:17 AM ET

    *New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.

  • ANKARA, Feb 25- Turkish Prime Minister Tayyip Erdogan accused political rivals of shameless fabrication of a telephone tap of him telling his son to dispose of large sums of money on the day police raided houses in a graft inquiry into his government.

  • Bank of Montreal profit rises on retail banking Tuesday, 25 Feb 2014 | 7:13 AM ET

    Net profit for the first quarter ended Jan. 31 was C $1.06 billion, or C $1.58 a share, up from C $1.04 billion, or C $1.51 a share, a year earlier.

  • HOUSTON, Feb 25,- Chesapeake Energy Corp ousted its former chief executive Aubrey McClendon last April after a governance scandal and a liquidity crisis.

  • SAN FRANCISCO, Feb 25- Google is lobbying officials in at least three U.S. states to stop proposed restrictions on driving with headsets such as Google Glass, marking some of the first clashes over the nascent wearable technology.

  • Office Depot posts fourth-quarter loss Tuesday, 25 Feb 2014 | 6:24 AM ET

    Feb 25- Office supply retailer Office Depot Inc reported a net loss for the fourth quarter due to charges associated with its acquisition of rival OfficeMax Inc.. The company, which appointed turnaround expert Roland Smith as chief executive in November, reported a net loss of $144 million, or 34 cents per share, for the quarter ended Dec. 28.

  • LONDON, Feb 25- "Nodding donkeys" floating at sea, water injection, and "outside-in" subsea oil taps that can withstand the pressure found in the chamber of a firing gun are some of the technologies vying to keep the oil pumping in Britain's North Sea.

  • T-Mobile loss widens as promotional spending rises Tuesday, 25 Feb 2014 | 6:22 AM ET

    Feb 25- T-Mobile US Inc, the No.4 U.S. mobile services company, reported a bigger quarterly net loss, hurt by higher spending on promotions. The company's net loss widened to $20 million, or 3 cents per share, in the quarter ended Dec. 31 from $8 million, or 1 cent per share, a year earlier.

  • *India violates intellectual property rights- U.S. group. NEW DELHI, Feb 25- India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization, a move that could escalate already-strained tension between the two countries.

  • Feb 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 52 percent jump in quarterly revenue as it sold more houses at higher prices in a recovering housing market. Net income jumped to $45.6 million, or 25 cents per share from $4.4 million, or 3 cents per share.

  • LONDON, Feb 25- Gold edged down on Tuesday, consolidating below its strongest level in four months as investors awaited data due later in the session for clues on the pace of the U.S. economic recovery. Spot gold was down 0.3 percent to $1,332.51 an ounce by 1049 GMT, having gained more than one percent to its highest since Oct. 31 at $1,338.60 on Monday.

  • KIEV, Feb 25- The European Union's foreign policy chief promised Ukraine's new leaders strong international support on Tuesday, including to fight an economic crisis, and urged Russia to let the country move forward "in the way it chooses".

  • MOSCOW, Feb 25- Ukraine's state oil and gas company, Naftogaz, has slashed gas imports from Russia's Gazprom to 28 million cubic metres per day as of Feb. 24 from 147 million, two Russian industry sources told Reuters on Tuesday.

  • LONDON, Feb 25- Copper fell for a second day on concern about the impact of slower growth in China and its volatile property sector on metal inventories. Copper has been hit harder than other industrial metals recently due to worries about inventories in China linked to financing deals, said Stephen Briggs, metals strategist at BNP Paribas.

  • LONDON, Feb 25- Turkey's lira hit two-week lows versus the dollar on Tuesday while stocks fell 3 percent after the latest twist in a government corruption scandal, while concerns about Chinese yuan moves weighed on other emerging assets.

  • *Follows forecast-beating profit at U.S. rivals Dow, DuPont. LUDWIGSHAFEN, Germany, Feb 25- BASF, the world's largest chemicals company by sales, predicted a small rise in operating profit this year, with an uncertain economic outlook tempering its optimism over growing demand from automakers and consumer goods companies.

  • MOSCOW, Feb 25- Ukraine's state oil and gas company, Naftogaz, has slashed gas imports from Russia's Gazprom as of Feb. 24 to 28 million cubic metres per day from 147 million, two Russian industry sources told Reuters on Tuesday. They said Naftogaz gradually cut imports from 147 million cubic metres as of Feb. 1.

  • BEIJING, Feb 25- China is likely to see relatively big net capital inflows this year, though the U.S. The improved global economic environment in 2014 and China's efforts to push forward reform will likely to continue to attract capital inflows, the State Administration of Foreign Exchange said.