Latest Business News Wires - Business Headlines


  • Nov 6- U.S. health insurer Humana Inc on Wednesday said it expected earnings to decline next year because of spending on the new health exchanges and on the Medicaid program for the poor. Humana and its competitors began selling insurance plans to individuals on Oct. 1 on state-based exchanges created under the national healthcare reform law.

  • FACTBOX-Deutsche Bank's catalogue of legal problems Wednesday, 6 Nov 2013 | 8:26 AM ET

    FRANKFURT, Nov 6- German prosecutors have widened an investigation of Deutsche Bank's co-chief executive Juergen Fitschen to include the bank itself. Deutsche Bank declined to comment.

  • German prosecutors widen inquiry into Deutsche Bank Wednesday, 6 Nov 2013 | 8:26 AM ET

    *Deutsche Bank faces possible fines in Kirch probe. MUNICH, Nov 6- German prosecutors have widened an investigation of Deutsche Bank's co-chief executive Juergen Fitschen to include the bank itself, deepening legal problems as it tries to transform its culture after the financial crisis.

  • LONDON, Nov 6- A multi-million dollar payment to a jailed German banker was an "insurance policy", Formula One Chief Executive Bernie Ecclestone said on Wednesday, denying it was linked to the sale of a stake in the business to private equity firm CVC.

  • *Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. *Gavilon owned by Soros Fund Management, Ospraie Management and General Atlantic. Nov 6- Propane gas supplier NGL Energy Partners LP said it would buy Gavilon LLC, a pipeline company partly owned by funds managed by Soros Fund Management, for $890 million to expand its terminal business.

  • *Gold up after 3 pct drop over 7 sessions. *Could break below $1,300 before Friday jobs report- analysts. LONDON, Nov 6- Gold advanced on Wednesday, halting its longest losing streak in nearly six months, as the dollar fell on strengthening expectations that the U.S.

  • Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit as it generated less cash from asset sales for its shareholders than it has done in any other quarter as a publicly listed alternative asset manager.

  • *Corn near 3- year low, analysts see scope for further losses. LONDON, Nov 6- Corn futures on the Chicago Board of Trade edged higher on Wednesday as the market looked to break its recent losing streak but expectations of higher U.S. yield estimates in a report due later this week kept gains in check.

  • Nov 6- Auxilium Pharmaceuticals Inc reported a better-than-expected adjusted quarterly profit, boosted by strong drug sales from a recently acquired company, and narrowed its full-year revenue forecast range. The company said it now expected full-year revenue of $370 million- $401 million compared with $363 million- $405 million estimated earlier.

  • *Russia building Moscow as financial centre. MOSCOW, Nov 6- Russia's central bank is rebranding the rouble, offering the public a say on a new logo to back Kremlin efforts to enhance the international appeal of a currency tarnished by the upheaval and hyperinflation of the early post-Soviet period.

  • Ralph Lauren expect sales gains during holiday quarter Wednesday, 6 Nov 2013 | 8:12 AM ET

    Nov 6- Ralph Lauren Corp on Wednesday raised its full-year sales forecast on the expectation of strong gains during the holiday quarter, and raised its dividend. As a result, Ralph Lauren now expect full-year revenue to rise between 5 percent and 7 percent, versus an earlier range of 4 percent to 7 percent.

  • Italy raises record 22.3 bln euros in linker sale Wednesday, 6 Nov 2013 | 8:10 AM ET

    MILAN, Nov 6- Italy raised a record 22.3 billion euros with the sale of a 2017 bond tied to domestic inflation and aimed at small investors which closed on Wednesday after a day and a half. The offer of the latest "BTP Italia" marks the biggest single bond sale by a European government, beating a previous record of 18 billion euros set a year ago by a same-type bond.

  • ABIDJAN, Nov 6- France's Total and partner Anadarko will spend up to $300 million to drill exploration wells on three offshore block in Ivory Coast in 2014, the head of Total's local unit said on Wednesday. "For 2014, we plan three wells on blocks 514, 515 and 516 in proximity to Sassandra.

  • Nov 6- Time Warner Inc on Wednesday posted higher third-quarter profit, beating Wall Street estimates on growth in advertising and subscription fees at its cable networks. Revenues fell 7 percent to $2.7 billion at its Film and TV Entertainment unit that includes Warner Brothers.

  • Nov 6- Chesapeake Energy Corp, the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday, compared with a loss a year earlier, and said it expects additional asset disposals in the fourth quarter, raising about $600 million..

  • Duke Energy posts higher profit after Progress deal Wednesday, 6 Nov 2013 | 8:05 AM ET

    Nov 6- Duke Energy Corp, the largest power provider in the United States, said on Wednesday its quarterly profit rose, a year after the buyout of rival Progress Energy. The company posted third-quarter net income of $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, in the year-ago period.

  • FOREX-Euro rises on German data, uncertainty before ECB Wednesday, 6 Nov 2013 | 8:01 AM ET

    LONDON, Nov 6- The euro rose on Wednesday after stronger-than-expected German industry orders increased uncertainty over whether the European Central Bank would cut interest rates this week in response to a steep fall in inflation. The euro has dropped sharply from levels above $1.38 touched before last week's inflation data.

  • Nov 6- Suntech Power Holdings Co Ltd, once the world's largest maker of solar panels, said it had filed an application for provisional liquidation in the Cayman Islands, where the New York- listed Chinese company is incorporated.

  • SAO PAULO, Nov 6- Automobile production in Brazil fell 2.5 percent and sales rose 6.6 percent in October from September, the national automakers' association said on Wednesday. Automakers in Brazil produced some 323,800 new cars and trucks last month, while sales totaled about 330,200 vehicles, according to data from industry group Anfavea.

  • Carlyle's Q3 profit falls 11 pct on fewer asset sales Wednesday, 6 Nov 2013 | 7:41 AM ET

    Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit, as it generated less cash from asset sales than it has done at any other quarter as a publicly listed alternative asset manager.

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