GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • FORD SAYS TO PROMOTE 300-500 WORKERS FROM ENTRY-LEVEL WAGES TO VETERAN WORKER WAGES, PER UAW CONTRACT.

  • FORD SAYS TO ADD 1,550 JOBS FOR NEW F-150 ALUMINUM-BODY PRODUCTION.

  • DETROIT, Feb 4- Ford Motor Co said on Wednesday it is adding 1,550 workers at four plants to build the new aluminum body F-150 pickup truck. The company also said that for the first time it is promoting union-represented workers from the lower entry-level wage to the pay veteran plant workers make. Between 300 and 500 workers will have been promoted by the end of the...

  • NEW YORK, Feb 4- A group of Republican and Democratic lawmakers will begin their second attempt on Wednesday to introduce a bill that would reform the Renewable Fuel Standards program in the United States, targeting an end to ethanol fuel-blending mandates. The RFS Reform Act is the latest bid in recent years by Republican Representatives Bob Goodlatte of...

  • Indian services growth picks up pace in January - PMI Wednesday, 4 Feb 2015 | 12:00 AM ET

    BENGALURU, Feb 4- Growth among India's services firms picked up pace in January as burgeoning order books boosted confidence, suggesting further expansion this month, a business survey showed on Wednesday. The HSBC Services Purchasing Managers' Index, compiled by Markit, rose to 52.4 in January from 51.1 in December. "The January Services PMI was marked by faster...

  • ULAN BATOR, Feb 4- Mongolians voted in a "text message referendum" to back a multi-billion dollar expansion of the Oyu Tolgoi copper mine instead of tightening the cash-strapped country's budget to boost its ailing economy. Mongolia's new prime minister, Chimed Saikhanbileg, called for the unprecedented vote via mobile phone text message on whether to step up...

  • SHANGHAI, Feb 4- China shares rose for a second day on Wednesday, pushed up by energy stocks after Chinese nuclear power firms announced plans to merge in a bid to boost offshore clout. Shanghai Electric Power Corp Ltd said its parent company, China Power Investment Corp, had received approval to start work on a merger with State Nuclear Power Technology Corp.

  • SINGAPORE/ NEW DELHI, Feb 4- Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials. We are on the brink of sinking, "said P.K. Chaki, honorary secretary of the Iron Ore Exporters' Association,...

  • Feb 3- Diversified chemicals maker Tronox Ltd said it would acquire FMC Corp's Alkali Chemicals division for $1.64 billion to expand in faster-growing developing economies. Tronox said all of Alkali Chemicals' revenue is booked in the United States, enabling the company to utilize its U.S. tax attributes to offset Alkali Chemicals' pretax income.

  • China's yuan rises to one-week high on dollar weakness Tuesday, 3 Feb 2015 | 11:15 PM ET

    HONG KONG, Feb 4- China's yuan rose to one-week high against the dollar on Wednesday after the U.S. dollar suffered its biggest one-day fall in over a year against a basket of major currencies. The People's Bank of China set the midpoint rate at 6.1318 per dollar prior to market open, firmer than the previous fix 6.1369. It was the strongest level in a week.

  • ULAN BATOR, Feb 4- Mongolians have voted in a "text message referendum" to back a multi-billion dollar expansion of the Oyu Tolgoi copper mine instead of introducing budget cuts to boost the cash-strapped nation's ailing economy. Mongolia's new prime minister, Chimed Saikhanbileg, called for the unprecedented vote via mobile phone text message on whether to...

  • SINGAPORE, Feb 4- Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions. Brent crude was 50 cents lower at $57.41 a barrel by 0336 GMT, after gaining almost 6 percent on Tuesday and off a near six-year low of $45.19 reached in mid-January.

  • SEOUL, Feb 4- Online ride-service provider Uber Technologies Inc proposed on Wednesday a new registration system for its drivers in South Korea, seeking to overcome a ban on connecting passengers to private cars in Asia's fourth-largest economy. The changes flagged for South Korea have already been implemented in cities such as London, Los Angeles and New...

  • HOUSTON, Feb 3- Negotiations made no progress on Tuesday as Royal Dutch Shell Plc and union leaders haggled over a new wage contract for U.S. refinery workers who have been on strike for three days, the union said. The two camps have been at an impasse since the United Steelworkers union called walkouts early on Sunday for the first time since 1980 at nine plants with...

  • *Copper prices remain vulnerable to signs of rising supplies. SYDNEY, Feb 4- London copper futures reversed early losses to trade higher on Wednesday, building on the strongest gains since mid-2013 overnight. The contract jumped more than 3 percent in Tuesday's London session on the back of higher oil prices, the biggest one-day percentage gain since May 2013.

  • SYDNEY, Feb 4- Asian share markets followed Wall Street higher on Wednesday as revived risk sentiment dented the U.S. dollar and sovereign bonds, though it was far from clear how long the sudden mood swing would last. U.S. crude was quoted 96 cents lower at $52.09, but again that compares with a low last week of $43.58. In share markets, the Nikkei sprang ahead by 2.1...

  • *Greenback fares better against yen as Tokyo shares surge. SYDNEY/ TOKYO, Feb 4- The dollar nursed broad losses on Wednesday, having suffered its biggest one-day fall in over a year as it came under pressure from many fronts amid oil-fueled gains by commodity currencies. The euro's rally from Tuesday's low of $1.1312 went as far as $1.1534.

  • LAUNCESTON, Australia, Feb 4- A term gaining currency among China commodity watchers is "peak steel," something that sounds ominous, especially to iron ore and metallurgical coal miners. The increasing market consensus is that China is at, or close to, reaching the maximum level of steel output and demand. China produced a record 822.7 million tonnes of steel in...

  • SEOUL, Feb 4- Online ride-service provider Uber Technologies Inc on Wednesday proposed a new registration system for its drivers in South Korea, seeking to overcome a ban on connecting passengers to private cars. David Plouffe, Uber's senior vice president of policy and strategy, told reporters in Seoul that the U.S.-based company wanted to work with...

  • SYDNEY, Feb 4- London copper futures lost ground in early trading on Wednesday after posting their strongest gains since mid-2013 overnight, as euphoria in commodity markets over rising oil prices settled. The contract jumped 3.45 percent in Tuesday's London session on the back of higher oil prices, the biggest one-day percentage gain since May 2013.