GO
Loading...

Latest Business News Wires - Business Headlines

More

  • U.S. crude futures slip into contango structure Monday, 3 Nov 2014 | 1:55 PM ET

    NEW YORK, Nov 3- The U.S. crude oil futures market dipped into a contango structure on Monday afternoon as the price for January delivery exceeded the price for December delivery. The short-term U.S. crude market has not reached contango since January 17. U.S. crude for December delivery was trading at $79.95 while crude for January delivery stood at $79.99 at...

  • WASHINGTON/ DETROIT, Nov 3- Hyundai Motor Co and affiliate Kia Motors Corp will pay a $100 million penalty for selling cars with worse fuel economy than the companies had claimed in what U.S. authorities termed the largest such accord to date. McCarthy said Hyundai and Kia had committed the most egregious violation of the reporting standards, but she declined to...

  • *Saudi Arabia raises prices to Asia, Europe and cuts to U.S. Nov 3- Global oil prices spiked at midday on Monday, with benchmark Brent turning positive after a big hike in Saudi Arabia's monthly export prices was viewed as a signal OPEC's largest producer may be seeking to curb output. State oil firm Saudi Aramco said it would raise the price of its flagship Arab light...

  • CRUDE FUTURES FOR JANUARY DELIVERY TOP DECEMBER PRICES, MARKET GOES INTO CONTANGO.

  • WASHINGTON, Nov 3- Bio-Rad Laboratories will pay $55 million to end U.S. government investigations into whether it paid bribes to government officials in Russia and other countries, U.S. authorities said on Monday. The life sciences company also entered into a settlement with the Securities and Exchange Commission, which said the company's subsidiaries made...

  • Nov 3- Hilton Worldwide Holdings Inc, the world's largest hotel operator, said Blackstone Group LP would reduce its stake in the company by 14 percent to about 57 percent. The shares are worth $2.27 billion, based on Hilton's closing price of $25.24 on Friday. Blackstone had a stake of 66 percent, valued at $15.10 billion, in Hilton as of June 30, according to a U.S....

  • JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with Markit, held steady at 52.2 in October. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia. Regional manufacturing surveys from Asia were littered with unwelcome landmarks, including a five-month low for...

  • WASHINGTON, Nov 3- U.S. manufacturing activity unexpectedly accelerated in October and automobile sales were strong, easing concerns of a significant moderation in economic growth in the fourth quarter. The pick-up in manufacturing, which was driven by robust growth in new orders and production, suggested the economy was weathering a slowing of demand in...

  • BUENOS AIRES, Nov 3- Chances of a deal to end Argentina's feud with holdout bond investors will improve in January when current restructuring rules expire, the economy minister said in comments published on Monday, raising some hopes for the country's stagnant economy. When it swapped 93 percent of its global bonds for new paper offering about 30 cents on the...

  • Pimco rehires Seidner, El-Erian confidant, as a CIO Monday, 3 Nov 2014 | 1:07 PM ET

    NEW YORK, Nov 3- In its effort to rebuild its leadership team after the departure of Bill Gross, Pacific Investment Management Co said on Monday it rehired Marc Seidner as chief investment officer of non-traditional strategies. The newly created role was announced by Daniel Ivascyn, Pimco's group chief investment officer, to whom Seidner will report.

  • GRAINS-U.S. soy falls after rally, pulls corn lower Monday, 3 Nov 2014 | 1:06 PM ET

    *Wheat firm but poor export demand limits gains. Good harvest weather in the U.S. and better planting weather in South America suggest that supply will remain comfortable, " Tobin Gorey, an analyst at Commonwealth Bank of Australia, said in a research note to clients. Chicago Board of Trade soybeans for January delivery were down 19-3/ 4 cents at $10.29-1/ 2 a bushel at...

  • Nov 3- Botox maker Allergan Inc, which is fending off an acquisition by Valeant Pharmaceuticals Inc, said on Monday that it had been approached by another party regarding a potential transaction. Valeant and Pershing Square Capital Management, which owns nearly a 10 percent stake in Allergan, made an offer now worth $55 billion for Allergan at the end of April.

  • *Publicis aims to boost growth after failed Omnicom merger. The French group is hoping rapid growth in both North American and Internet advertising, which are far outpacing European and traditional ad formats, will help it catch up with sales gains at rivals such as WPP and Interpublic. Chief Executive Maurice Levy has blamed Publicis' recent poor performance...

  • BOSTON, Nov 3- Big mutual funds at T. Rowe Price Group and Fidelity Investments are the industry's largest holders of Alibaba Group Holding Ltd shares, according to recent fund disclosures. Alibaba's initial public offering in late September, the largest in history, has helped boost the performance of many fund managers, the data show. Alibaba's IPO initially...

  • Nov 3- ConEdison Solutions is ready to supply power and natural gas to U.S. customers this winter after learning lessons from the polar vortex that vexed utilities last winter. The extreme cold earlier this year caused gas prices to spike to record highs in many U.S. "The polar vortex took all suppliers by surprise," ConEdison Solutions CEO Jorge Lopez told Reuters...

  • DETROIT, Nov 3- Automakers reported their strongest U.S. October sales in years on Monday, but top-seller General Motors Co missed expectations. Ford Motor Co said utility vehicles and trucks accounted for 72 percent of its sales, up from 68.5 percent a year ago.

  • European companies defy gloomiest results forecasts Monday, 3 Nov 2014 | 12:41 PM ET

    LONDON, Nov 3- The European reporting season is not turning into the rout investors feared as many of the largest companies managed to navigate weak demand through cost cuts and innovation to deliver earnings in line with or ahead of downbeat forecasts. Of the fifth of companies in the European Stoxx 600 index that have reported so far, 60 percent have beaten...

  • WASHINGTON, Nov 3- President Barack Obama and Federal Reserve Chair Janet Yellen will discuss the long-term outlook of the U.S. economy during a White House meeting on Monday afternoon, Obama's spokesman said. White House spokesman Josh Earnest said besides the U.S. economy, they will also discuss the global economy. Earnest said the meeting is significant in...

  • ISTANBUL, Nov 3- Turkey's largest food group Yildiz Holding has bought UK- based cookies and snacks maker United Biscuits, in a deal it said made it the world's third-biggest biscuit maker and would help it expand into new markets. "We want to grow United Biscuits to be a global player as part of Yildiz," said Murat Ulker, chairman of Yildiz Holding.

  • McCarthy said Hyundai and Kia had committed the most egregious violation of the reporting standards, but she declined to say whether other violators may also be fined. In November 2012, Hyundai and Kia conceded they overstated fuel economy by at least a mile per gallon on vehicles after the EPA found errors for 13 Hyundai and Kia models from the 2011 to 2013 model...