Latest Business News Wires - Business Headlines


  • VANCOUVER, Nov 5- TransCanada Corp, which is backing the controversial Keystone XL oil pipeline, said on Tuesday its third-quarter profit rose 30 percent on stronger results from its Canadian natural-gas mainline system and its electricity operations.

  • UPDATE 1-SAC Capital's plea hearing set for Friday Tuesday, 5 Nov 2013 | 1:16 PM ET

    NEW YORK, Nov 5- A hearing has been set for Friday for Steven A. Cohen's SAC Capital Advisors to plead guilty to securities and wire fraud charges after years of investigations into insider trading at the embattled hedge fund.

  • *Michael Kors climbs after earnings. *GT Advanced jumps on deal with Apple. NEW YORK, Nov 5- U.S. stocks were little changed on Tuesday following two days of gains on Wall Street as investors weighed the implications of strong economic data on the path of monetary policy over the next several months.

  • MILAN, Nov 5- Italy raised almost 17 billion euros from the first day of sales of a new government bond tied to inflation targetted at small investors, giving it more leeway to reduce its international borrowing for the rest of the year.

  • Nov 5- Charter Communications Inc finance chief Chris Winfrey said on Tuesday he and Chief Executive Tom Rutledge have talked about potential mergers and acquisitions that would take advantage of the "unique position" the cable operator has because of its tax assets.

  • It's frustrating that it did not work, "hospital operator Tenet Healthcare Corp Chief Executive Trevor Fetter said in an interview with Reuters following the company's third-quarter earnings conference call. State exchanges such as the one set up in California are working much better and are offering a selection of affordable plans, he added.

  • *USDA does not require such labeling. CHICAGO, Nov 5- Cargill Inc, one of the world's largest beef processors, will begin labeling when its finely textured beef is used in the making of its U.S. ground beef products, the company told Reuters on Tuesday.

  • UPDATE 2-Orbitz profit misses as air ticket sales fall Tuesday, 5 Nov 2013 | 12:57 PM ET

    Nov 5- Online travel agency Orbitz Worldwide Inc posted quarterly earnings that trailed forecasts as costs rose and said it expects revenue from its airline ticketing business to decline in the fourth-quarter. Orbitz shares, which have tripled this year, fell as much as 23 percent in morning trading on Tuesday.

  • WASHINGTON, Nov 5- The Obama administration, beset by criticism over the botched opening of its new healthcare insurance website, says it is working on a plan to appease hundreds of thousands of people whose coverage has been canceled and millions of others unable to enroll.

  • SAN FRANCISCO, Nov 5- For Twitter Inc's early venture capital backers, some of whom stand to make over 500 times their investment when the company goes public, now is a time not just to celebrate but increase their stakes in mobile and social media.

  • *BMW hits autos, insurers knocked by RSA outlook. Autos were led lower by BMW, which dropped 2.9 percent after the German carmaker said quarterly profit at its auto unit fell more than expected, hurt in part by price discounts in core European markets.

  • Nov 5- T-Mobile US Inc, the No. 4 U.S. mobile provider, reported much better-than-expected subscriber growth, outpacing bigger rival AT&T and also putting pressure on other competitors, including market leader Verizon Wireless.

  • Nov 5- Keryx Biopharmaceuticals Inc's kidney drug proved effective in treating chronic kidney disease patients not on dialysis, sending the company's shares to a seven-year high on hopes the drug could achieve blockbuster status. "This is great news that opens up the pre-dialysis market for the company," Maxim Group analyst Jason Kolbert told Reuters.

  • US regulators slap municipal issuer with $20k penalty Tuesday, 5 Nov 2013 | 12:22 PM ET

    WASHINGTON, Nov 5- A special district in Washington state settled Securities and Exchange Commission charges of misleading bond buyers by paying a $20,000 fee, the first time the federal regulators have assessed a financial penalty against a municipal issuer, the SEC said on Tuesday.

  • Nov 5- IntercontinentalExchange Inc said on Tuesday it expects to close its takeover of NYSE Euronext within days, and reported an 8 percent rise in third-quarter profit, helped by lower taxes and new clearing revenues.

  • Nov 5- As Alice and Rick Sofield of Alexandria, Virginia, recently discovered, being the parents of a teenage driver can be an expensive proposition. The Sofields' 16- year-old daughter, Charlotte, earned her driver's license last March. The result: some $2,500 damage, which insurance paid for, and dents and scratches on her mother's Chevrolet Suburban.

  • FOREX-Euro falls on ECB speculation; data lifts dollar Tuesday, 5 Nov 2013 | 12:05 PM ET

    *Sterling gains on strong UK services data. NEW YORK, Nov 5- The euro fell against the dollar on Tuesday, hurt by speculation the European Central Bank may signal easier monetary policy or even cut interest rates this week.

  • SAN FRANCISCO, Nov 5- For Twitter Inc's early venture capital backers, some of whom stand to make over 500 times their investment when the company goes public, now is a time not just to celebrate but increase their stakes in mobile and social media.

  • Nov 5- Satellite TV provider DirecTV added more customers in the United States than expected in the third quarter, showing strong subscriber growth in contrast to its cable rivals, which lost video subscribers in the same period.

  • Rising U.S. oil stocks have kept prices under pressure in recent weeks and are expected to show a new weekly increase of around 1.8 million barrels, according to a Reuters poll ahead of reports from industry group the American Petroleum Institute and the Energy Information Administration.

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