Latest Business News Wires - Business Headlines


  • SPENCER, Iowa, Aug 20- The Pro Farmer Midwest Crop Tour on Wednesday estimated western Iowa's corn yield at 177.48 to 180.90 bushels per acre, above tour estimate of 160.12 to 175.65 bpa last year and the three-year tour average of 146.77 to 170.72, according to data provided by the tour.

  • CORALVILLE, Iowa, Aug 20- The Pro Farmer Midwest Crop Tour on Wednesday projected Illinois' corn yield at a record of 196.96 bushels per acre, up from the tour average of 170.48 bpa last year and the three-year tour average of 149.36, according to data provided by the tour.

  • LONDON, Aug 20- Junior bondholders of Portugal's Banco Espirito Santo have selected law firm Shearman& Sterling to represent them in a challenge to the terms of the bank's rescue and will open discussions with the Bank of Portugal later this week, a source familiar with the situation said.

  • SINGAPORE, Aug 21- Gold extended losses to a fifth session on Thursday to trade near a two-week low after the U.S. dollar strengthened on indications from the U.S. *Spot gold fell 0.2 percent to $1,289.66 an ounce by 0020 GMT, after hitting a two-week low of $1,287.83 in the previous session. U.S. gold was down about $4 to $1,290.80.

  • Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.

  • *Eyes on China manufacturing index amid economic uncertainty. SYDNEY, Aug 21- The U.S. dollar was flying high on Thursday as investors detected a hawkish turn in policy discussions at the Federal Reserve, while Asian share markets took comfort from a resilient performance on Wall Street.

  • TOKYO, Aug 21- New front month U.S. crude futures inched up towards $94 in early Thursday trade as a bigger than expected drop in petroleum stockpiles outweighed news of increased supplies.

  • U.S. WCoast Products - Gasoline gains on small build Wednesday, 20 Aug 2014 | 8:18 PM ET

    HOUSTON, Aug 20- California gasoline's premium gained 3 cents on Wednesday after the U.S. government reported a smaller than expected increase in West Coast gasoline inventory, traders said. The U.S. Energy Information Administration said West Coast gasoline supply rose 101,000 barrels last week to 27.1 million barrels.

  • Aug 20- Brazil's BM&FBovespa SA stock exchange said Wednesday night that it had agreed to join a tax amnesty program to partially pay down a debt with the Revenue Service related to the company's 2007 initial public share offering.

  • DIARY - Emerging Markets Economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:02 PM ET

    Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.

  • DIARY - Top economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:01 PM ET

    GUELPH- Canadian Finance Minister Joe Oliver will speak to reporters before a business roundtable in Guelph, Ontario- 1800 GMT. WYOMING, United States- European Central Bank President Mario Draghi to speak on "Reevaluating Labor Market Dynamics" in Jackson Hole, Wyoming- 1830 GMT. STOCKHOLM- Meeting of the General Council of the Riksbank.

  • JUNEAU, Alaska, Aug 20- Alaskan voters appear to have narrowly upheld a new law that cut taxes on oil production and is worth up to $1 billion a year for companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp, according to results available on Wednesday.

  • *KKR& Co and TPG Capital in rival $3.1 bln takeover bids. SYDNEY, Aug 21- Australia's Treasury Wine Estates Ltd, the world's No. 2 winemaker, swung to its first annual net loss and missed analysts' forecasts as the takeover target grappled with massive oversupply in its U.S. arm and sales fell globally.

  • SAO PAULO, Aug 20- Thrust by tragedy into the center of Brazil's presidential race, environmentalist Marina Silva is riding a groundswell of anti-establishment anger but her chances hinge on expanding her coalition and winning over mainstream voters and business leaders.

  • BRASILIA, Aug 20- Environmentalist Marina Silva officially launched a bid for president on Wednesday, upending Brazil's October elections and threatening the ruling Workers' Party's 12- year hold on power.

  • NEW YORK, Aug 20- JPMorgan Chase& Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said. Junior bankers at Bank of America Corp will also receive a raise of at least 20 percent, according to a person familiar with the matter.

  • FACTBOX-Marina Silva's economic proposals for Brazil Wednesday, 20 Aug 2014 | 7:33 PM ET

    Aug 20- Brazilian presidential candidate Marina Silva has little experience with economic policy, but her advisers promise a more orthodox, business-friendly approach than leftist President Dilma Rousseff has taken.

  • *Dollar index races to fresh 11- month highs. *China flash PMI survey next in focus. SYDNEY, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.

  • Brazil's Marina Silva accepts nomination for president Wednesday, 20 Aug 2014 | 7:18 PM ET

    BRASILIA, Aug 20- Environmentalist Marina Silva accepted the nomination of the Brazilian Socialist Party on Wednesday, launching a bid for president that has shaken up the campaign for Brazil's Oct. 5 election and threatens the re-election of President Dilma Rousseff.

  • Two Russian rocket engines arrive in U.S. as planned -ULA Wednesday, 20 Aug 2014 | 6:56 PM ET

    WASHINGTON, Aug 20- Two Russian-built rocket engines arrived in the United States on Wednesday aboard a giant Antonov cargo plane despite fears that tensions between the United States and Russia could disrupt the supply of engines needed to launch U.S. satellites into space.