GO
Loading...

Latest Business News Wires - Business Headlines

More

  • LIMA, Oct 14- The expansion of Peru's main natural gas pipeline has been delayed by nearly a year because of threats posed by insurgents and is now set to wrap up in the first quarter of 2016, the pipeline operator said on Tuesday. Expansion work is now 55 percent complete and will cost some $475 million in total, said Ricardo Ferreiro, the general manager of...

  • NEW YORK/ LONDON, Oct 14- Gold fell on Tuesday as sliding crude oil prices and a dollar rebound prompted the bullion market to take a breather following its recent rally. Treasury yields at these levels are not pointing to a rosy economy, "said Jonathan Jossen, COMEX gold options floor trader in New York. "Gold and silver should have more upside after they have spent a...

  • NEW YORK, Oct 14- A New York state judge ruled on Tuesday that the privately held producer of AriZona iced tea should pay about $1 billion to buy out the half of the beverage maker owned by the co-founder and his son. Driscoll's ruling followed a nonjury trial and six years of litigation between Ferolito and Vultaggio, onetime friends from Brooklyn who launched...

  • WASHINGTON, Oct 14- In a victory for animal rights activists, the U.S. Supreme Court on Tuesday allowed California to continue to ban foie gras, a delicacy produced from the enlarged livers of ducks and geese that have been force-fed corn. In doing so, the high court left intact an August 2013 ruling by the 9th U.S. Circuit Court of Appeals upholding the law.

  • Oct 14- Litigation alleging that Deutsche Bank AG, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver has been centralized in Manhattan federal court. Three suits were originally filed in Manhattan, while two were filed in Brooklyn. The banks had also asked that the litigation be consolidated in the Eastern District of New York in Brooklyn, but...

  • Estimate for demand for OPEC crude cut by 200,000 bpd. Adding to the bearish tone on Tuesday, a source familiar with oil policy in Iran, normally one of the first in OPEC to call for production cuts, followed Kuwait in saying there was no need to rein in supplies. Brent crude for November, which expires on Thursday, fell $2.65 a barrel to $86.24 after briefly dipping...

  • WASHINGTON, Oct 14- A bellwether Federal Reserve policymaker on Tuesday downplayed concerns about weakness in the global economy, saying the U.S. central bank should only delay an interest-rate hike next year if inflation or wages fail to perk up. San Francisco Federal Reserve Bank President John Williams said the first line of defense at the Fed, if needed,...

  • CRUDE OIL FUTURES DEEPEN LOSSES TO 4 PCT, BIGGEST ONE-DAY LOSS SINCE 2012.

  • Oct 14- JPMorgan Chase and Co's quarterly results surfaced more than three hours before schedule on Shareholder.com, Nasdaq OMX Group Inc's investor-communications company. **Oct. 15, 2013- Citigroup Inc's third-quarter results were released early as Bloomberg News broke an embargo, forcing the bank to pull forward the release of its statement.

  • *Italy says won't amend budget to increase deficit cuts. *Italy cabinet to sign off on budget on Wednesday. ROME/ LUXEMBOURG, Oct 14- Italy and the European Commission were on a collision course over Rome's 2015 budget plan, which Brussels says flouts EU recommendations but Rome says it has no intention of changing ahead of a Wednesday deadline.

  • ROME, Oct 14- China and the European Union have found a way to end a long-running dispute over Chinese exports of telecoms equipment, resolving one of the most divisive issues between the major trade partners, the EU's top trade official said on Tuesday. Both sides would also agree to monitor the market share of Chinese telecoms companies in Europe and European...

  • OIL PRICES EXTEND LOSSES, BRENT CRUDE DOWN NEARLY $3 AFTER EIA FORECASTS FOR RISING SHALE OIL PRODUCTION IN NOV.

  • Canada worker, hog shortages leave industry squealing Tuesday, 14 Oct 2014 | 1:56 PM ET

    Farmers in Canada, the world's third-biggest pork shipper, are also bracing for the spread of a deadly virus that has killed millions of piglets in the United States. Further dwindling of Canadian supplies would especially reverberate in the United States, which relies on young Canadian pigs for fattening and slaughter, and in markets as far away as Japan and...

  • UPDATE 2-Iliad shares jump after T-Mobile bid scrapped Tuesday, 14 Oct 2014 | 1:41 PM ET

    *Bouygues up 4.6 pct, Orange up 3 pct. Backed by billionaire founder Xavier Niel, Iliad made an initial bid worth $15 billion and then raised it but was rebuffed by T-Mobile US's majority owner Deutsche Telekom. Bouygues' shares closed up 4.6 percent at 25.64 euros on Tuesday while shares in mobile market leader Orange closed up 3 percent at 11 euros on hopes that it...

  • LONDON, Oct 14- Three London-based currency traders have left JP Morgan and HSBC, sources said on Tuesday, as investigations by banks and regulators into alleged collusion and manipulation in the $5.3 trillion- a-day market draw closer to a settlement. The three are Richard Usher, former head of spot G10 currency trading at JP Morgan, Serge Sarramegna, former UK...

  • Oct 14- Darden Restaurants Inc on Tuesday announced new leadership following a board coup by activist investor Starboard Value LP, whose recipe for fixing the company's ailing Olive Garden chain included salting pasta water, doling out fewer free breadsticks and pushing more wine. For now, though, diners should expect business as usual at Darden's...

  • *Estimate for demand for OPEC crude cut by 200,000 bpd. Adding to the bearish tone on Tuesday, a source familiar with oil policy in Iran, normally one of the first in OPEC to call for production cuts, followed Kuwait in saying there was no need to rein in supplies. The International Energy Agency, which advises industrialized countries on energy policy, cut its...

  • FACTBOX-Major U.S. indexes fall through key levels Tuesday, 14 Oct 2014 | 1:24 PM ET

    Oct 14- The U.S. market has been hit hard in recent days, with the S&P 500 registering its worst three-day slide since 2011, before buyers emerged on Tuesday. On Monday, the benchmark S&P 500 closed below its 200- day moving average, an important measure of the longer-term trend in the equity market, for the first time since Nov. 16, 2012. "This is the most back-and-forth...

  • *COO Mark Light to succeed Michael Barnes from Oct. 31. Oct 14- Signet Jewelers Ltd said Chief Executive Michael Barnes resigned to be closer to his family, becoming the second top executive in three months to leave as the company digests its acquisition of Zale Corp, its largest deal so far. The parent of Kay Jewelers said Chief Operating Officer Mark Light would...

  • CHICAGO, Oct 14- CME Group Inc plans to eliminate 5 percent of its global workforce, or about 150 jobs, with most cuts hitting its Chicago headquarters, the world's largest futures exchange operator said on Tuesday. A spokeswoman declined to say how much money the cost cuts will save at CME, which owns the Chicago Board of Trade and New York Mercantile Exchange.