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Latest Business News Wires - Business Headlines

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  • NEW YORK, Dec 19- Motorists took to U.S. roads and highways in record numbers in October, fueling the fastest rise in miles driven since 2006, according to data released on Friday by the Federal Highway Administration. Drivers logged 264.2 billion vehicle miles in October, the most ever for that month and a 2.6 percent increase over October 2013, according to the...

  • National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchises for alleged labor violations, including the illegal firing and intimidation of staff who protested working conditions. NLRB General Counsel Richard Griffin filed complaints in 78 cases against the company and its franchisees from New York to Los...

  • NEW YORK, Dec 19- A man U.S. prosecutors say bilked investors out of $5 million by telling them he would invest it in commodities and currencies allegedly used some of the money to have his wife cryogenically frozen after she died, according to a court filing on Friday. A federal grand jury in Manhattan indicted Whileon Chay, 38, with three counts of fraud for...

  • MOSCOW, Dec 19- Russia's central bank said on Friday it had raised the limit on foreign exchange swap operations to $10 billion from $2 billion for Dec. 19 to alleviate a shortage of roubles in the money market. "This measure contributes to narrowing the spread between the interbank market rates and the Bank of Russia key rate," the central bank said in a statement.

  • Industry officials said they were stunned when the Senate abruptly decided on Tuesday night to leave Washington without approving a bill to give the program six more years. And lobbyists scrambled to ensure the program would be high on the agenda when Congress re-opens on Jan. 6. "There will not be a member of Congress that doesn't continue to hear the importance...

  • Dec 19- Carnival Corp, the world's largest cruise operator, said Cuba would present "a tremendous opportunity" if the United States ended its economic embargo on the Caribbean nation. The United States and Cuba said on Wednesday they would restore diplomatic ties, the biggest step towards normalizing business relations since Washington severed them five...

  • *BRENT CRUDE OIL FUTURES UP $2 A BARREL Friday, 19 Dec 2014 | 1:43 PM ET
  • SAN FRANCISCO, Dec 19- U.S. inflation will likely still be "well below" the Federal Reserve's 2- percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday. "I would say at this point that June 2015 seems like a reasonable starting point for thinking about when liftoff could happen," San Francisco Federal...

  • NEW YORK, Dec 19- U.S. stocks were little changed on Friday after the market's best two-day run in more than three years, with shares of Nike weighing on the Dow while energy shares led a modest advance on the benchmark S&P 500.. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90.

  • MEXICO CITY, Dec 19- Mexican central bankers worry that a sustained weakening of the peso could stoke inflation and say risks to growth and prices have deteriorated on falling oil prices, slack consumer demand and weak economic activity, minutes showed on Friday. The central bank intervened on Dec. 11, selling $200 million to prop up the currency.

  • Dec 19- AstraZeneca Plc's ovarian cancer drug has been granted an accelerated approval by the U.S. health regulator, a day after the treatment was approved by the European Commission. AstraZeneca expects potential sales of around $2 billion a year from the drug. London- based AstraZeneca's U.S.-listed shares were down about 1 percent at $71.41 in afternoon...

  • *Rouble bounces over 3 percent, oil above $60 a barrel. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to their best day in 15 months. "We have digested the drop in oil, we have gotten past the Fed, and now we will see what we will do for the rest of the year," said Peter Jankovskis,...

  • Dec 19- A lawyer from the U.S. National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchisees for alleged labor violations. NLRB General Counsel Richard Griffin filed 13 complaints against the company and its franchisees from New York to Los Angeles, the board said.

  • NEW YORK, Dec 17- AdvisorHUB, a year-old gossip and news website for the brokerage industry, has become such a part of brokers' daily reading routine that some call it the " New York Post of financial news." It has posts that range from subjects like what the biggest brokerages are offering new hires to a rumor from readers alleging that Bank of America Corp's Merrill...

  • NLRB LAWYER ALLEGES MCDONALD'S CORP, FRANCHISEES CARRIED OUT ANTI-UNION ACTIVITY.

  • NATIONAL LABOR RELATIONS BOARD OFFICIAL ISSUES COMPLAINTS AGAINST MCDONALDS FOR ALLEGED LABOR VIOLATIONS BY FRANCHISEES- FILING.

  • WASHINGTON, Dec 19- T-Mobile US has agreed to settle a lawsuit filed by the U.S. government over unauthorized charges placed on customers' bills, a practice known as cramming, and to pay at least $90 million, two U.S. agencies said on Friday. T-Mobile US received 35 percent to 40 percent of the amount charged, the FTC said in July. T-Mobile US, Verizon Communications Inc,...

  • TORONTO, Dec 19- Sears Canada Inc is stepping up spending on areas such as its website and profitable merchandise categories while looking to exit unprofitable product lines as part of its turnaround plan, the retailer's new acting chief executive said on Friday. Sears Canada, which has seen its fourth CEO in three years, has been working on turning around...

  • MEXICO CITY, Dec 19- Mexico's telecoms regulator has opened a fresh antitrust investigation into companies offering voice, data and video services, which could affect Carlos Slim's telephone company America Movil and broadcaster Televisa. The IFT has already declared billionaire Slim's America Movil and Televisa to be dominant players in Mexico,...

  • MOSCOW, Dec 19- Russia's central bank said on Friday it had raised the limit on foreign exchange swap operations to $10 billion from $2 billion for Dec. 19.