Latest Business News Wires - Business Headlines


  • April 4- Amazon.com Inc launched a new product named Amazon Dash on Friday that allows the user to add groceries and household goods to their shopping lists using the company's AmazonFresh service. However, the device is available only for users of the AmazonFresh which currently operates exclusively in Southern California, San Francisco and Seattle.

  • Mozilla CEO's exit tests Silicon Valley's tolerance Friday, 4 Apr 2014 | 9:24 PM ET

    SAN FRANCISCO, April 4- Tech workers in Silicon Valley debated on Friday whether Mozilla CEO Brendan Eich got the comeuppance he deserved or was himself a victim of intolerance when he resigned under pressure this week amid outrage over his opposition to same-sex marriage.

  • Wall St Week Ahead-Momentum names may see more pain Friday, 4 Apr 2014 | 9:04 PM ET

    Familiar names such as Netflix, Facebook and Tesla Motors, along with a number of biotechnology and cloud-computing stocks, have been pummeled in the last month. Facebook Inc, for example, has fallen nearly 22 percent from an intraday record reached less than a month ago.

  • NEW YORK, April 4- The upstart stock trading venue featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned, IEX Group Inc's chief executive said on Friday.

  • WASHINGTON/ PARIS, April 4- Boeing Co, the world's biggest airplane maker, and engine maker General Electric Co said on Friday they had received licenses from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.

  • UNITED NATIONS, April 4- North Korea said on Friday that the world would have to "wait and see" when asked for details of "a new form" of nuclear test it threatened to carry out after the United Nations Security Council condemned Pyongyang's recent ballistic missile launch. North Korea fired two medium-range Rodong ballistic missiles into the sea on March 26.

  • WASHINGTON, April 4- General Electric Co on Friday said it had received permission from the U.S. government to overhaul 18 engines sold to Iran in the late 1970 s under a temporary sanctions relief deal reached in January. He said GE officials would meet with officials from Iran flag carrier Iranair and MTU in Istanbul next week to discuss Iran's needs.

  • NEW YORK, April 4- Wing Chau, an investment adviser made infamous in the "The Big Short," a best selling book about the financial crisis, wept on the witness stand during his trial on Friday before yelling "Shame on you!"

  • China, the world's No. 1 pork consumer, and Japan have imposed "temporary restrictions" on U.S. pig imports until their agriculture ministries reach agreements with the United States on testing animals for the Porcine Epidemic Diarrhea virus, or PEDv, said Tony Clayton, president of the Livestock Exporters Association of the USA.

  • CORPUS CHRISTI, Texas, April 4- A U.S. federal judge refrained on Friday from issuing an emergency order that would have parked millions of General Motors Co cars recalled for defective ignition switches linked to at least 13 deaths.

  • WASHINGTON, April 4- The United States on Friday criticized proposals to build a European communication network to avoid emails and other data passing through the United States, warning that such rules could breach international trade laws.

  • Mexico flagship airline Mexicana declared bankrupt Friday, 4 Apr 2014 | 5:48 PM ET

    MEXICO CITY, April 4- Mexicana airlines, which suspended flights four years ago due to its heavy debt load, was declared bankrupt on Friday, paving the way to dismantle the iconic company, once one of Mexico's top two carriers.

  • April 4- Canadian private equity firm Onex Corp and Canada Pension Plan Investment Board said they would sell industrial conglomerate Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.

  • NEW YORK, April 4- Goldman Sachs Group Inc's board lifted a key performance target that the bank must reach for Chairman and Chief Executive Lloyd Blankfein to redeem a new long-term incentive stock award, according to a proxy filing on Friday.

  • UNITED NATIONS, April 4- The United States on Friday dismissed suggestions that Iran was exporting much more oil than it is allowed to sell under a preliminary nuclear deal with world powers and predicted that aggregate Iranian oil sales would meet targets set for Tehran.

  • NEW YORK, April 4- U.S. crude oil rose on Friday as data showed strong jobs growth in the United States and Brent crude followed suit as investors cast doubt on reports Libya's oil ports were about to reopen.

  • PARIS/ LONDON, April 4- France's Vivendi said on Friday that its board needed more time to weigh two bids for its SFR telecom business, leaving business and political circles in suspense over a month-long, 15 billion euro takeover battle.

  • *E* Trade and Netflix weigh on S&P 500 and Nasdaq. NEW YORK, April 4- Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall.

  • Brazil electric grid operator cuts reservoir view Friday, 4 Apr 2014 | 4:56 PM ET

    SAO PAULO, April 4- Brazil's electric grid operator ONS cut its forecast on Friday for water levels in the country's major southeastern and mid-west reservoir system, a setback in Brazil's struggle to avoid crippling power blackouts and electricity rationing.

  • UNITED NATIONS, April 4- The United States on Friday dismissed suggestions that Iran was exporting much more oil than it is allowed to sell under a preliminary nuclear deal with world powers and predicted that aggregate Iranian oil sales would meet targets set for Tehran.