Latest Business News Wires - Business Headlines


  • Fortress-owned Intrawest Resorts files to go public Tuesday, 12 Nov 2013 | 8:02 AM ET

    Nov 12- Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock.

  • *Sterling hits 2- month low vs dollar on UK inflation data. LONDON, Nov 12- The dollar hit a one-month peak against the yen on Tuesday on the chances of the Federal Reserve trimming stimulus sooner than previously thought, while the Swedish and Norwegian crowns tumbled on expectations of lower interest rates.

  • DUBAI, Nov 12- Competition is escalating between global financial centres- particularly London, Dubai and Kuala Lumpur- to attract Islamic financial business, as the industry grows faster than conventional finance. Sukuk issuance: over $34 billion raised through 49 issues on London Stock Exchange since 2009.. Number of banks: seven Islamic retail banks in UAE.

  • LONDON, Nov 12- Part-nationalised Royal Bank of Scotland must address issues over its capital and future strategy before the government can start selling its shares, the new head of the agency managing Britain's bank stakes told lawmakers.

  • *London leads in international sukuk, but may be vulnerable. DUBAI, Nov 12- When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating tussle among cities for Islamic financial business.

  • BERLIN, Nov 12- German parties negotiating a coalition deal have recommended holding nationwide referendums for major decisions on Europe in what would be a dramatic shift in policy, but Chancellor Angela Merkel looks likely to quash the proposal.

  • *China vows' decisive' role for markets, results by 2020. *Investors were awaiting a number of Federal Reserve speakers including Minneapolis Fed President Narayana Kocherlakota and Atlanta Fed President Dennis Lockhart, who are due to speak in the early afternoon.

  • Nov 12- D.R. Horton Inc, the largest U.S. homebuilder, reported a 2 percent fall in quarterly orders due to rising mortgage rates and policy uncertainty in Washington. D.R. Horton's net orders fell to 5,160 homes in the fourth quarter ended Sept. 30 from 5,276 a year earlier.

  • Yingli's loss narrows as solar panel price rises Tuesday, 12 Nov 2013 | 7:42 AM ET

    Nov 12- Yingli Green Energy Holding posted a narrower third-quarter loss as improved selling prices for solar panels and lower costs propped up margins. Net loss fell sharply to $38.5 million, or 25 cents per American Depositary Share in the third quarter, from $161.9 million, or 98 cents per ADS, a year earlier. Revenue grew nearly 68 percent to $596.3 million.

  • EU leaders meet on youth jobs but solutions elusive Tuesday, 12 Nov 2013 | 7:40 AM ET

    *France hosts more than 20 leaders for second EU jobs meet. *No plan to move beyond steps agreed in July in Berlin. PARIS, Nov 12- Soaring youth unemployment will top the agenda when France hosts a European jobs summit on Tuesday, but leaders will eschew radical proposals to tackle a problem that risks fuelling social unrest and political extremism.

  • Nov 12- Sarepta Therapeutics Inc said the U.S. Food and Drug Administration had raised concerns about the trial for the company's experimental muscle disorder drug and considered the marketing application for the treatment to be premature. Sarepta shares fell 39 percent to $22.20 in premarket trade on Tuesday.

  • WASHINGTON, Nov 12- U.S. small business sentiment fell to a seven-month low in October as business owners worried a partial shutdown of the government would weigh on sales and cause merchandise to pile up in warehouses.

  • *Conflicting signals from Iran talks add volatility. LONDON, Nov 12- Brent crude futures rose towards $107 a barrel on Tuesday as tensions in major oil exporter Libya and uncertainty over nuclear talks between Iran and world powers clouded the supply picture.

  • LONDON, Nov 12- China's plan to broaden economic reforms failed to give a lift to world shares on Tuesday as higher U.S. government bond yields and growing talk the Federal Reserve will soon scale back its stimulus weighed on sentiment.

  • D.R. Horton orders fall 2 pct as housing demand slows Tuesday, 12 Nov 2013 | 7:10 AM ET

    Nov 12- U.S. homebuilder D.R. Horton Inc said its orders fell 2 percent in the fourth quarter due to rising mortgage rates and policy uncertainty in Washington. The company's net income jumped 39 percent to $139.5 million, or 40 cents per share, in the quarter ended Sept. 30 from $100.1 million, or 30 cents per share, a year earlier.

  • *Wall Street expected loss of 39,000 subscribers. Nov 12- Dish Network Corp posted quarterly results that beat Wall Street estimates as it added 35,000 pay-TV subscribers, far exceeding expectations. Wall Street analysts had expected Dish to lose 39,000 subscribers in the third quarter, according to market research firm StreetAccount.

  • COLUMN-Smart-beta stock ETFs focus on fundamentals Tuesday, 12 Nov 2013 | 7:00 AM ET

    CHICAGO, Nov 12- Holding stocks in a passive index fund as a core portfolio holding has generally been a rock-solid idea. You can own nearly the entire market at a low cost and not get snagged in market timing errors. Yet most index funds are capitalization-weighted, meaning they hold the most popular stocks by market value.

  • European shares dip as earnings continue to disappoint Tuesday, 12 Nov 2013 | 6:55 AM ET

    *Infineon knocked by weak sales and outlook. LONDON, Nov 12- European shares fell on Tuesday, drifting away from near five-year highs after a poor revenue report from German chip maker Infineon highlighted weak domestic demand, which is weighing on this quarterly earnings season.

  • BEIJING, Nov 12- China's ruling party pledged to let markets play a "decisive" role in allocating resources as it unveiled a reform agenda for the next decade on Tuesday, looking to overhaul the world's second-largest economy to drive future growth.

  • OPEC oil output remains higher than 2014 demand Tuesday, 12 Nov 2013 | 6:40 AM ET

    The monthly report from the Organization of the Petroleum Exporting Countries adds to signs that increasing supply from the United States, enjoying a shale energy boom, and other non- OPEC countries will weigh on OPEC's market share in 2014..

Most Popular Video

Wednesday, 16 Apr 2014 | 12:00 AM ET

GM unveils new models, hopes for strong sales this year After massive recalls, General Motors is pushing forward with new car models unveiled at the 2014 New York International Auto Show. CNBC's Phil LeBeau explains.

Friday, 11 Apr 2014 | 7:23 AM ET

Former Fed Chairman Ben Bernanke challenges Raghuram Rajan, Reserve Bank of India governor on his views about monetary policies, reports CNBC's Michelle Caruso-Cabrera.

Tuesday, 15 Apr 2014 | 5:40 PM ET

Jonathan Geller, BGR president and editor-in-chief, weighs in on the specifications for Amazon's newly announced 3-D smartphone.