Latest Business News Wires - Business Headlines


  • NEW YORK, Jan 30- A New York state appeals court on Thursday refused to dismiss a $1.07 billion lawsuit accusing Goldman Sachs Group Inc of selling securities as the financial crisis began that it expected to lose value.

  • NEW YORK, Jan 30- U.S Northern and Midwestern states called on Thursday for new measures to help bring the heating fuel propane into their regions as a bitter freeze extended into a second week, signaling that pockets of shortages have not yet disappeared.

  • *China slowdown caps Brent gains. However, growing evidence of a fuel demand slowdown in the second-biggest oil consumer, China, capped gains. BP announced Thursday it dropped plans to invest in a refinery in China, as Royal Dutch Shell did late last year.

  • Microsoft board to name insider Nadella as CEO -report Thursday, 30 Jan 2014 | 5:30 PM ET

    SEATTLE, Jan 30- Microsoft Corp's board is preparing to name internal executive Satya Nadella as the software company's next chief executive, Bloomberg reported on Thursday, citing unnamed sources it said were briefed on the CEO search process.

  • NEW YORK, Jan 30- Lloyd Blankfein, chief executive of Goldman Sachs Group Inc, received restricted stock worth $14.7 million this week as part of his 2013 bonus, Goldman reported in a regulatory filing on Thursday.

  • CALGARY, Alberta, Jan 30- The National Energy Board, the regulator for Canada's major pipeline projects, on Thursday recommended the federal government approve Enbridge Inc's C $1.8 billion plan to build an oil pipeline linking Edmonton, Alberta, to the province's largest storage hub at Hardisty.

  • DETROIT, Jan 30- Toyota Motor Corp has alerted U.S. safety officials that seat material in several vehicles, including the top-selling Camry sedan, does not meet fire retardation standards and could result in a recall. Toyota said there have been no reports of fires or injuries related to the problem.

  • Jan 30- Property and casualty insurer Chubb Corp reported a better-than-expected quarterly profit as its claims fell 30 percent and announced a $1.5 billion share buyback. Chubb's net profit rose more than five-fold to $569 million, or $2.24 per share, in the fourth quarter ended Dec. 31, from $102 million, or 38 cents per share, a year earlier.

  • Some prices in the poorly supplied northeast of the country rose to all-time highs above $120 per million British thermal units on Jan. 21, more than $100 higher than the previous week. "As demand comes, we are sitting here fat, dumb and happy," said Vikas Dwivedi, an energy market strategist at Macquarie Group.

  • WASHINGTON, Jan 30- Janet Yellen, the first woman to chair the Federal Reserve in its 100- year history, will take over the reins of the U.S. central bank on Saturday and formally be sworn in next week, the Fed said on Thursday. Yellen, 67, who begins her post as the Fed unwinds its unprecedented efforts to boost the U.S. economy, will be sworn in at 9 a.m. EST on Feb. 3.

  • SAN FRANCISCO, Jan 30- Google Inc's quarterly revenue beat Wall Street's target despite a sharp decline in prices for its online ads and deepening losses at Motorola, the handset-making division to be sold to China's Lenovo.

  • The deal, originally raised by China Credit Trust for an investment in a coal mining company and sold through the Industrial& Commercial Bank of China Ltd., is part of a burgeoning $6 trillion shadow banking sector.

  • Jan 30- Chipotle Mexican Grill Inc on Thursday said an increase in customer visits contributed to bigger-than-expected growth in quarterly sales at established restaurants, and its shares rose nearly 10 percent in extended trading.

  • Jan 30- Canadian contract electronics manufacturer Celestica Inc's fourth-quarter profit jumped three-fold from a year earlier, when the company had a large impairment charge related to an acquisition in the healthcare industry.

  • NEW YORK, Jan 30- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein received $14.5 million worth of restricted stock on Tuesday as part of his 2013 bonus, according to a regulatory filing on Thursday. The award of 88,422 shares is worth $14.5 million, based on Goldman's closing price of $163.90 on Wednesday.

  • On a vote of 67-32, the Democratic-led Senate brushed aside earlier White House concerns and sent the measure to the Republican-led House of Representatives for consideration. "This is how the Senate is suppose to work," said Senator Charles Schumer of New York, a member of Democratic leadership. The White House echoed those concerns in a statement on Monday.

  • SAN FRANCISCO, Jan 30- One Kings Lane, the online home-furnishings company, has raised $112 million, catapulting it into an elite group of venture-backed companies valued in the billion-dollar range. The funding round puts the company's worth at $912 million, according to a spokeswoman for One Kings Lane.

  • NEW YORK, Jan 30- U.S. natural gas futures prices fell more than 8 percent on Thursday as the market pulled back from its previous day's ten-percent rally, and gold fell around 2 percent as equities surged on robust U.S. growth data.

  • NEW YORK, Jan 30- U.S. From Istanbul to Moscow and Brasilia, a fresh round of central bank actions and verbal intervention offered support to emerging market currencies, which calmed some fears after jitters on Wednesday spurred a rally in Treasuries.

  • NEW YORK, Jan 30- A New York state appeals court on Thursday refused to dismiss a $1.07 billion lawsuit accusing Goldman Sachs Group Inc of selling securities as the financial crisis began that it expected to lose value.