Latest Business News Wires - Business Headlines


  • NEW YORK, Jan 31- The Nasdaq briefly turned positive in afternoon trading on Friday, while the Dow and S&P 500 sharply cut losses, helped by gains in shares of Google and as bargain hunters stepped in following recent heavy selling.

  • RIO DE JANEIRO/ LONDON, Jan 31- Emerging markets steadied on Friday after a roller-coaster week, but currencies such as the Russian rouble and the Turkish lira still traded near multi-year lows despite strong central bank support.

  • Cetip scraps plan to create Brazil bourse -newspaper Friday, 31 Jan 2014 | 2:48 PM ET

    SAO PAULO, Jan 31- Cetip SA Mercados Organizados, Brazil's largest securities clearinghouse, dropped plans to create a local bourse or help ATS Brasil clear and settle cash equities trades when it sets up an exchange in coming months, newspaper Valor Econômico reported on Friday.

  • Jan 31- Vanda Pharmaceuticals Inc said on Friday that U.S. health regulators have approved its experimental drug to regulate the internal body clocks of blind patients and help normalize sleep patterns.

  • *Amazon.com shares tumble after earnings disappoint. *Wal-Mart cuts outlook due to store closings. NEW YORK, Jan 31- U.S. stocks fell on Friday, with the S&P 500 on track for its first monthly loss since August as disappointing corporate earnings from big companies like Amazon.com and concerns about the euro zone and emerging markets kept investors on edge.


  • Jan 31- Tyson Foods Inc, the largest U.S. meat processor, said on Friday it expects pork supplies to drop 2 to 4 percent this fiscal year, raising wholesale prices, as a deadly pig virus spreads through the U.S. hog belt. The U.S. hog herd stood at 65.9 million head as of December 2013, U.S. Department of Agriculture data showed.

  • WASHINGTON, Jan 31- A regulatory advisory panel on Friday urged the U.S. Securities and Exchange Commission not to launch a test program that would allow the stocks of small-cap companies to trade in wider increments, a recommendation that clashes with a proposal from a different SEC committee.

  • San Francisco Fed President John Williams, speaking on Fox Business television, said the U.S. central bank is nonetheless carefully monitoring emerging-market turmoil and discussed it at a policy meeting this week.

  • UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September. Ban is seeking to re-energize the global climate change debate and boost the United Nations' role.

  • CHICAGO/ LONDON, Jan 31- International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.

  • European and U.S. stock markets fell, cutting initial losses sharply, but could not prevent MSCI's global index from heading to its largest monthly decline since May 2012.

  • DETROIT, Jan 31- Detroit has circulated a plan for its finances that would require concessions from pension funds, seek reduced payments to some bondholders, and declare that a major interest-rate obligation is a disputed claim that is not part of the settlement, according to a city report.

  • CALGARY, Alberta, Jan 31- TransCanada Corp is anticipating a favorable review of the Keystone XL pipeline when the U.S. State Department issues its final environmental impact statement on the controversial project, a move expected as soon as Friday.

  • *OPEC output rises in January from 2-1/ 2 year low- survey. NEW YORK, Jan 31- Brent oil fell by $1 on Friday, putting it on track for its first monthly loss in four months, under pressure from worries over emerging economies turmoil and weak global stock markets. The spread between the two benchmarks fell below $9 for the first time in nearly 3 months.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc Friday cut its quarterly profit outlook because of a host of issues, including reduced food stamp benefits and the restructuring of Sam's Club's in the United States and the closing of stores in Brazil and China.

  • Court approves BofA's $8.5B mortgage settlement Friday, 31 Jan 2014 | 1:24 PM ET

    A New York state judge approved most of Bank of America Corp's $8.5 billion settlement with investors in mortgage securities.

  • UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September.

  • NEW YORK, Jan 31- U.S. It's also definitely helping with month-end buying, "said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York.

  • *Austria wants to keep at least 25 pct of Telekom Austria. *Telekom Austria shares slip 0.9 pct, in line with sector. VIENNA, Jan 31- Austria is open to Carlos Slim's America Movil taking a majority stake in Telekom Austria, the head of the state holding company said, paving the way for a long-awaited move by the billionaire investor.