Latest Business News Wires - Business Headlines


  • Sept 9- McDonald's Corp reported a fall in sales at established restaurants across all regions in August, the fifth such monthly drop since CEO Don Thompson took the helm in July 2012.

  • NEW YORK, Sept 9- Shares of Home Depot Inc are down 0.6 percent in heavy premarket trading on Tuesday, a day after the home improvement retailer confirmed that its payment security systems had been breached. Home Depot's breach was first reported earlier this month. Peer retailer Lowe's Companies Inc is up almost 2 percent in September.

  • BEIJING, Sept 9- China's tough competition policy is souring the mood for foreign investment, a European business lobby said on Tuesday, in the latest report to criticise Chinese regulators over a series of contentious investigations into international firms.

  • MOSCOW, Sept 9- Moscow and Tehran are in talks on supplying Russian grains to Iran in exchange for oil, Andrey Gormakh, first deputy chief executive of Russia's state grain trader, United Grain Company, was quoted as saying on Tuesday.

  • US STOCKS-McDonald's shares lower after August sales Tuesday, 9 Sep 2014 | 8:30 AM ET

    NEW YORK, Sept 9- Shares of McDonald's Corp are lower in premarket trading on Tuesday, with the fast food giant down 0.6 percent at $91.95 in the wake of its August sales data. McDonald's is the third-worst performing Dow component in 2014, behind only General Electric and Boeing Co..

  • LONDON, Sept 9- Liberty Global has no current plans to increase its holding in British broadcaster ITV, its chief strategy officer James Ryan said on Tuesday, after the highly acquisitive firm took a 6.4 percent stake earlier this year.

  • Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • *Apple gadget frenzy to dominate Wall Street trading. LONDON, Sept 9- A robust dollar swept to a 14- month high on Tuesday as investors tweaked bets on an early hike in U.S. interest rates, burdening oil, gold and stocks in emerging markets.

  • MOSCOW, Sept 9- Russian gas producer Gazprom plans to start investor meetings at the end of September to test the market for a possible Eurobond issue, two banking sources said on Tuesday. The sources told Reuters that Gazprom planned to start meeting investors from Sept. 23. Gazprom is not under any Western sanctions over Russia's role in Ukraine.

  • BERLIN, Sept 9- One in three German companies expect business with Russia to decline sharply this year as a result of economic sanctions imposed due to the Ukraine crisis, a German business lobby group said on Tuesday.

  • Sept 9- McDonald's Corp's sales at established restaurants fell in every region in August, hurt by a recent meat scandal in China and higher competition in the United States. McDonald's shares were down 1 percent in premarket trading.

  • MOSCOW, Sept 9- Moscow and Tehran are in talks on supplying Russian grains to Iran in exchange for oil, Andrey Gormakh, first deputy chief executive of Russian state grain trader, United Grain Company, was quoted as saying on Tuesday.

  • NEW YORK, Sept 9- Apple Inc is firmly in focus on Tuesday, going into a "special event" at its headquarters, where the tech giant will likely unveil the latest versions of its popular iPhone line. Investors are looking for Apple to debut a smartwatch.

  • NEW YORK, Sept 9- Monica Kipiniak doesn't think of herself as a statistic. The 46- year-old attorney from Brooklyn, New York is indeed part of a societal trend: Single women by choice having kids past the age of 40..

  • WASHINGTON, Sept 9- United Technologies Corp's Pratt& Whitney unit said the "root cause" of the June 23 engine failure on a Lockheed Martin Corp F-35 fighter jet should be clear by the end of September, which would pave the way for over $1 billion in contracts for another 84 engines.

  • The potential for supply disruption in Iraq where a violent insurgency by Islamic State continues has helped prevent further weakness. Brent was trading up 33 cents at $100.53 at 1135 GMT after ending the previous session 62 cents lower. On Monday, prices slid below $100 for the first time in more than 14 months and hit a low of $99.36- the weakest since May 1, 2013.

  • *Sterling rises, but risk of Scotland independence weighs. But the boost to sterling was fleeting amid growing worries that Scotland may vote for independence. Investors had until late August largely ruled out the chance of Scotland breaking away from the three-century old union.

  • DUBAI, Sept 9- Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears about Islamist militia control in northern oil fields.

  • WASHINGTON, Sept 9- U.S. small business optimism edged slightly higher in August as more owners said they expected business conditions to improve in coming months and planned to increase capital spending, according to a survey released on Tuesday. The National Federation of Independent Business said its Small Business Optimism Index rose 0.4 point to 96.1.

  • *To buy back $4 billion of shares. LONDON, Sept 9- Swiss engineering group ABB said it would buy back $4 billion of shares, offering a sweetener to investors after a series of problems at its power systems unit and in the face of sluggish global growth.