Latest Business News Wires - Business Headlines


  • Writing for the majority, Justice Ruth Bader Ginsburg called the EPA rule a cost-effective way to allocate responsibility for emission reductions among so-called upwind states, and that the EPA need not consider each state's proportionate responsibility for the emissions in question.

  • LONDON, April 29- Britain's financial watchdog could intervene if there are too few participants to set commodity benchmarks including gold and silver, a senior official at the Financial Conduct Authority said. Deutsche's resignation leaves Barclays, HSBC, Bank of Nova Scotia and Societe Generale to set the gold benchmark.

  • UPDATE 3-Coach's North American decline deepens Tuesday, 29 Apr 2014 | 12:45 PM ET

    April 29- Coach Inc's North American woes deepened last quarter as the upscale retailer continued to lose market share and the new line of clothes, shoes and handbags it is banking on to reverse its fortunes remained months away from hitting stores.

  • UPDATE 2-Russian assets rise on sanctions relief Tuesday, 29 Apr 2014 | 12:43 PM ET

    *Sanctions over Ukraine targeted individuals not sectors. MOSCOW, April 29- Russian asset prices rose on Tuesday, reflecting investors' relief that new Western sanctions against Russia over Ukraine were less severe than many had feared, but shares gave up some gains after further civil unrest in eastern Ukraine.

  • Apple makes final pitch to U.S. jury in Samsung trial Tuesday, 29 Apr 2014 | 12:39 PM ET

    SAN JOSE, Calif., April 29- Samsung transformed the smartphone market only by copying iPhone technology, an Apple attorney said on Tuesday as the two companies delivered closing arguments to jurors after a month-long trial over mobile patents. Apple Inc and Samsung Electronics Co Ltd have been litigating around the world for nearly three years.

  • April 29- Boston Scientific Corp's quarterly revenue fell short of expectations due to lower sales of its implantable defibrillators and pacemakers, sending its shares down as much as 6 percent. Boston Scientific said it expected subcutaneous ICD sales of over $75 million in 2014..

  • LONDON, April 29- European coffee and cocoa warehouse companies want NYSE Liffe to temper strict new warehousing rules designed to prevent logjams, the industry association said on Tuesday.

  • Texas' Energy Future files for bankruptcy Tuesday, 29 Apr 2014 | 12:26 PM ET
    The Luminant Lake Hubbard natural gas power plant, a subsidiary of Texas Energy Future Holdings LP, stands in Dallas, Texas.

    Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.

  • YOUR MONEY-Why it may be OK to bribe your kids Tuesday, 29 Apr 2014 | 12:16 PM ET

    NEW YORK, April 29- As any exasperated parent will tell you, kids today are so plugged in and mature beyond their years that it is difficult to find a way to discipline them. According to a new survey by Baltimore- based investment managers T. Rowe Price, bribery is a critical part of the parental toolkit.

  • April 29- HCA Holdings Inc on Tuesday reported quarterly earnings just shy of analysts' expectations, and its top executive said the U.S. hospital chain had not yet benefited from President Barack Obama's healthcare reform law.

  • LONDON, April 29- The' stress test' scenarios unveiled by the European Banking Authority on Tuesday show the imaginary shocks 124 of the European Union's most important banks must prove they can withstand.

  • *German April inflation weaker than expected. FRANKFURT, April 29- A fall in euro zone lending, weaker-than-expected German inflation and signs of tightening in money markets compounded the European Central Bank's policy conundrum on Tuesday as it weighs up whether to act next week.

  • Saudi camel tradition may hinder control of new disease Tuesday, 29 Apr 2014 | 12:08 PM ET

    RIYADH, April 29- The 40- odd men gathered in a sandy, dung-scattered auction pen at one of Saudi Arabia's largest camel markets were fiercely dismissive of a link scientists have found between the animals and an often fatal virus in humans. We live and sleep and spend our whole lives with them and there's nothing, "said Faraj al-Subai'i, a trader at the market.

  • UNITED NATIONS, April 29- The U.N. Security Council on Tuesday partially eased a decade-long arms embargo on Ivory Coast and removed a ban on its diamond exports, a measure that U.N. experts said had failed to stop illicit trafficking. U.N. experts have valued the annual illicit trade in Ivory Coast diamonds at between $12 million and $23 million.

  • BRASILIA, April 29- Nagging concerns about rising consumer prices and a political scandal involving Brazil's state-run oil company are taking a toll on President Dilma Rousseff's popularity, increasing the chances that an opposition challenger can force this year's election to a runoff, a new poll showed on Tuesday.

  • *Less crude exported to India, Syria in April. LONDON, April 29- Iran's oil exports fell in April for a second month, according to sources who track tanker movements, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme.

  • *Twitter to report earnings after market close. NEW YORK, April 29- U.S. stocks edged higher on Tuesday following better-than-expected earnings from Merck& Co and Sprint Corp.. The Dow Jones industrial average outperformed the broader market as component Merck& Co' s shares jumped nearly 3 percent to $58.31 after its earnings report.

  • WASHINGTON, April 29- The United States offered a reward of up to $5 million on Tuesday for a Chinese businessman accused of supplying missile parts to Iran, and targeted companies from China and Dubai for allegedly helping Iran evade weapons and oil sanctions.

  • Writing for the majority, Justice Ruth Bader Ginsburg called the EPA rule a cost-effective way to allocate responsibility for emission reductions among so-called upwind states, and that the EPA need not consider each state's proportionate responsibility for the emissions in question.

  • *Deutsche gives two weeks' notice, to cease involvement May 13. LONDON, April 29- Deutsche Bank has resigned its seat on the London precious metal fixes without finding a buyer, a spokesman for the lender said on Tuesday, leaving four banks to set the global gold price benchmark under increasing regulatory scrutiny.