Latest Business News Wires - Business Headlines


  • *Priceline and Hewlett-Packard both beat expectations. *Groupon shares tumble after forecasting loss.

  • Feb 21- Ariad Pharmaceuticals Inc, which has been struggling with safety concerns involving its only approved drug, said it agreed to add two directors backed by its second-largest investor Sarissa Capital Management to its board.


  • NEW YORK, Feb 21- A former senior managing director at Evercore Group was charged on Friday with securities fraud and other violations for setting up trades in accounts held by an ex-girlfriend and a close relative based on secret information he collected at work, according to a court filing.

  • LONDON, Feb 21- Gold steadied on Friday and was on track to end the week little changed as the dollar turned lower after another batch of weak U.S. data, but stronger equities put the brakes on a rally that had taken prices to 3-1/ 2 month highs.

  • Feb 21- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Friday its crude oil and natural gas reserves rose slightly in 2013, lifted by projects in U.S. shale fields and Abu Dhabi.

  • "Upon consideration of the petitions to appeal and the responses thereto, a direct appeal to this court is warranted," the 6th U.S. Circuit Court of Appeals in Cincinnati said in an order filed on Friday. A federal bankruptcy judge in a landmark December ruling said Detroit was eligible to pursue its bankruptcy case.

  • *Technip, Saint-Gobain enjoy upgrades following results. *Vodafone adds most points after Verizon deal completed. LONDON, Feb 21- France's CAC 40 index hit a 5-1/ 2- year peak to lead European shares higher on Friday, with an index of top shares in the region set for its third straight week of gains.

  • WASHINGTON, Feb 21- U.S. home resales fell to an 18 month-low in January as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said on Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units, the lowest level since July 2012.

  • Feb 21- Fannie Mae said on Friday that it would pay a dividend of about $7.2 billion to the U.S. Treasury next month, pushing taxpayers into the black on their bailout of the mortgage finance firm and its sister company, Freddie Mac.

  • Federal Reserve on Friday unveiled some of its internal conversations from the darkest days of the financial crisis, releasing to the public transcripts of policy-setting meetings for the year 2008..

  • From jail, Venezuela protest leader urges resistance Friday, 21 Feb 2014 | 10:07 AM ET

    CARACAS, Feb 21- Venezuela's jailed protest leader urged supporters on Friday to keep demonstrating peacefully against President Nicolas Maduro despite violence that has killed six people and rocked the OPEC member nation.

  • Under new rules for measuring Daimler's performance in 2014, Renault SA and Fiat SpA would drop out because their credit rating is below investment grade, and Volvo Cars would be excluded because it is unlisted, it said.

  • *China and India boost imports of Iranian crude. Domestic conflicts in Libya and South Sudan, as well as escalating protests in Venezuela have helped support spot oil prices at a time when winter heating demand in the northern hemisphere is close to its peak.

  • NEW YORK, Feb 21- Citadel Securities, one of the top market makers in U.S. stocks and listed stock options, said on Friday that volume on its off-exchange trading platform, Citadel Connect, has nearly tripled in the past year, making it one of the largest U.S. dark pools.

  • There are roughly 460 transfer agents registered with the SEC, and as of the end of 2012, they maintained over 276 million shareholder accounts, according to SEC data. The SEC in 2011 issued informal staff-level guidance for public companies to use when considering whether to disclose cyber attacks and their impact on the company's finances.

  • U.S. existing home sales slump to 18-month low Friday, 21 Feb 2014 | 10:00 AM ET

    WASHINGTON, Feb 21- U.S. home resales fell more than expected in January and hit an 18 month-low as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said on Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units, the lowest level since July 2012.

  • BOCA RATON, Fla., Feb 21- Coca-Cola Co on Friday announced deals to sell bottling operations in Greater Chicago and Central Florida, as it slowly undoes its 2010 purchase of its North American bottler.

  • Feb 21- Charter Communications Inc, whose bid to take over Time Warner Cable Inc was thwarted earlier this month, swung to a fourth-quarter profit, helped by its acquisition of Cablevision System Corp's western cable business.

  • LONDON, Feb 21- Personnel shortages at the U.S. Department of the Interior are causing delays in issuing oil and gas drilling permits as well as missed targets for important oversight work, according to a government performance audit.