Latest Business News Wires - Business Headlines


  • VANCOUVER, Feb 28- U.S. environmental regulators moved on Friday to block development of the Pebble mine in Alaska, which could be one of the largest copper projects in the world, citing potential "irreversible harm" to the state's salmon fishery.

  • WASHINGTON, Feb 28- Democrats in the U.S. Senate won't bother passing their own budget this year, arguing that a deal in December has already set spending levels for the 2015 fiscal year and "relitigating" it would create economic uncertainty.

  • Feb 28- Cooper Tire& Rubber Co resumed reporting results on Friday, giving investors the first glimpse of its balance sheet since its dispute with its Chinese joint venture partner last year.

  • In addition, questions over whether Russia could be drawn into the conflict in Ukraine will likely weigh on investor sentiment. "It will be interesting to see the action on S&P futures on Sunday night based on the kind of developments we see in Ukraine.

  • BOSTON, Feb 28- The U.S. Federal Trade Commission on Friday refused to tip its hand on how it may be react to allegations that Herbalife is a fraud, but said it is taking a lawmaker's concerns about the company seriously and underscored its record of shutting down pyramid schemes.

  • Fitch drops Detroit water, sewer debt to junk Friday, 28 Feb 2014 | 6:04 PM ET

    NEW YORK, Feb 28- Analysts at Fitch Ratings on Friday cut some $4 billion worth of bonds issued on behalf of the Water and Sewerage Department of Detroit to junk, citing the weak finances and outlook for the system run by the bankrupt city.

  • Feb 28- A new federal program aims to standardize inspection procedures for pet food and farm animal feed produced in the United States, making them safer, the U.S. Food and Drug Administration said on Friday.

  • NEW YORK, Feb 28- A five-year bull market may have finally outdueled one of the U.S. stock market's biggest bulls, and Warren Buffett will probably tell investors on Saturday that his 43- year run of beating the Street has come to an end.

  • NEW YORK, Feb 28- U.S. oil on Friday had its eighth straight week of gains on market talk of fewer oil rail shipments from the booming Bakken shale in North Dakota. Brent oil settled moderately higher but ended the week lower, weighed down by an outlook for dampening demand in China and another for stymied European growth due to uprisings in Ukraine.

  • Feb 28- The U.S. Department of Transportation on Friday tentatively approved plans by United Continental Holdings to operate a flight from San Francisco to Tokyo's Haneda Airport.

  • NEW YORK, Feb 28- The S&P 500 ended at another record close on Friday but well off the day's highs as worries about tensions in Ukraine caused investors to take profits ahead of the weekend.

  • The net-long position held by hedge funds and speculators in arabica fell by 16 percent, or 3,859 contracts, to 20,236 contracts at Tuesday's close to finish the week to February 25 at 20,236 contracts, data from the Commodity Futures Trading Commission showed.

  • NEW YORK/ CALGARY, Feb 28- New U.S. rules to toughen classification standards for oil-train shipments will affect less than 3 percent of the tank cars now hauling crude across the country, leaving older, flawed models on the tracks, officials and industry sources say.

  • CUPERTINO, Calif., Feb 28- Apple Inc sold more than $1 billion of Apple TV set-top boxes in 2013 and is investing heavily in the next generation of products, Chief Executive Tim Cook said at the company's annual meeting on Friday.

  • NEW YORK, Feb 28- The S&P 500 closed at a record on Friday but ended well off the day's highs as worries about tensions in Ukraine caused investors to take profits ahead of the weekend.

  • SAN FRANCISCO, Feb 28- Google Inc, saying a federal appeals court order directing it to remove an anti-Islamic film from its YouTube video sharing website would have "devastating effects" if allowed to stand, asked the court to put it on hold.

  • TREASURIES-Prices pare losses on month-end buying Friday, 28 Feb 2014 | 3:55 PM ET

    *Fed bought $1.25 bln in notes maturing in 2038-2043. NEW YORK, Feb 28- U.S. Separately, data showed inflation in the euro zone unexpectedly held steady this month, cooling expectations the European Central Bank might ease monetary policy as early as next week, further pressuring Treasuries.

  • NEW YORK, Feb 28- The S&P 500 and Dow briefly turned lower in late trading on Friday as worries about tensions in Ukraine caused investors to take profits ahead of the weekend. Ukraine's acting president accused Russia of open aggression and said Moscow was following a similar scenario to the one before it went to war with Georgia in 2008..

  • NEW YORK, Feb 28- The Federal Reserve should be willing to let inflation temporarily run above its target level so as to more quickly bring the economy back to health, a top Fed official said on Friday, even as a second policymaker signaled the very idea left him cold.

  • WASHINGTON, Feb 28- New York Gov. Andrew Cuomo said on Friday officials have launched inspections at state rail yards to protect people from potential accidents involving shipments of volatile crude oil from the Bakken oil fields in North Dakota.