Latest Business News Wires - Business Headlines


  • Nov 13- A top executive at JPMorgan Chase& Co said on Wednesday that the bank continues to seek a final agreement with the government on a tentative settlement over liabilities for mortgage securities sold before the financial crisis.

  • LONDON, Nov 13- Britons should not expect their wages to rise in real terms until the middle of next year despite a strengthening economy, Bank of England Governor Mark Carney said on Wednesday. Wages in Britain are rising at less than half the rate of inflation, making the cost of living a key electoral battleground.

  • SAN FRANCISCO, Nov 13- Mobile messaging startup Snapchat rejected an acquisition offer from Facebook Inc that would have valued the company at $3 billion or more, according to a Wall Street Journal report on Wednesday.

  • Nov 13- Starbucks Corp on Wednesday said breaking up with Kraft was hard to do, but worth the high price, a day after an arbitrator ruled it must pay a whopping $2.76 billion for ending the companies' grocery coffee partnership early.

  • LONDON, Nov 13- The threat of deflation in the euro zone could reverse a major investment trend of 2013, drawing funds out of stocks and into government bonds and cash.

  • UPDATE 1-Sprint plans to skip upcoming spectrum auction Wednesday, 13 Nov 2013 | 1:59 PM ET

    Nov 13- Sprint Corp said on Wednesday it would not take part in an upcoming government auction of so-called H-Block airwaves, potentially leaving the field clear for Dish Network Corp to buy the spectrum.

  • Apple, Samsung retrial kicks off over patent damages Wednesday, 13 Nov 2013 | 1:55 PM ET

    Apple and Samsung are engaged in global litigation over each other's patents. Last year, Apple was awarded over $1 billion after it convinced a jury that Samsung copied various iPhone features- like using your fingers to pinch and zoom on the screen- along with design touches like the phone's flat, black glass screen.

  • NEW YORK/ LONDON, Nov 13- Spot gold held steady Wednesday, supported by a drop in the dollar and bargain hunting with prices near a one-month low, and looked on track to snap a four-day fall.

  • Crocs considering going private -source Wednesday, 13 Nov 2013 | 1:47 PM ET

    Nov 13- Crocs Inc, known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday. The company has held talks with a small group of private equity firms, including Blackstone Group LP and KKR& Co LP, the person said, asking not to be identified because the discussions are confidential.

  • Nov 13- U.S. health regulators on Wednesday approved a drug to treat a rare and aggressive form of non-Hodgkin lymphoma developed by Johnson& Johnson and Pharmacyclics Inc, becoming the second drug that had received the FDA's new breakthrough therapy designation to gain approval.

  • Macy's Inc stock shot up 9.7 percent to $50.81, after earlier touching a 52- week high of $50.95, and driving the S&P Consumer Discretionary Sector Index up 1.1 percent.

  • *Boeing to launch 777 X with blockbuster Emirates order. *1,000th Dreamliner order to end torrid year for Boeing. DUBAI/ PARIS, Nov 13- Boeing looks set to dominate next week's Dubai Airshow with more than $100 billion of deals as it aims to launch its latest long-haul jet with close to 250 potential orders from five airlines, industry sources said.

  • Nov 13- Macy's Inc on Wednesday reported a rebound in sales, helped by more promotions, and the U.S. department store chain said business was improving as the holiday season nears. "We have consciously gone after that opening price point business lately and have been very successful there," Chief Financial Officer Karen Hoguet said on a conference call.

  • LONDON, Nov 13- The Bank of England slashed its unemployment forecast on Wednesday but said an early fall in the jobless rate would not trigger interest rate hikes, leaving analysts confused over its new centrepiece policy of forward guidance.

  • QUITO, Nov 13- Ecuador's highest court upheld a verdict condemning U.S. oil company Chevron of pollution in an Amazon rainforest region, but halved the fine imposed in a previous judgment to $9.5 billion.

  • Nov 13- U.S. health regulators on Wednesday approved a drug to treat a rare and aggressive form of non-Hodgkin lymphoma developed by Johnson& Johnson and Pharmacyclics Inc, marking the second drug that received the FDA's new breakthrough therapy designation to gain approval.

  • LONDON, Nov 13- Foreign embassies are abandoning London's premier addresses such as Mayfair and Kensington as the world of diplomacy changes in the face of security risks and new technology, just as property prices are reaching untold heights.

  • Goldman Sachs names 280 managing directors as of Jan. 1 Wednesday, 13 Nov 2013 | 12:48 PM ET

    NEW YORK, Nov 13- Goldman Sachs Group Inc named 280 new managing directors on Wednesday, a 5 percent increase from the previous year. The title is one step away from the vaunted position of partner at the Wall Street bank. More than half are in the Americas, and 20 percent are women.

  • Nov 13- Starbucks Corp on Wednesday said it could handle the whopping $2.76 billion payment it must make for ending its grocery coffee deal with Kraft Foods early but noted it would restate results for the latest quarter to show an operating loss and issue additional debt.

  • NEW YORK, Nov 13- Asset managers building big stakes in corporate bonds could be left hanging as banks cut back on providing liquidity, increasing the risk of chaotic selloffs should interest rates spike from record lows.

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