GO
Loading...
Live at 2:30p ET
LINDSEY VONN
CNBC.com web-only interview
Downhill skier Lindsay Vonn

Latest Business News Wires - Business Headlines

More

  • WASHINGTON, Feb 26- Oil companies handling volatile fuel out of North Dakota's energy patch must consider the dangers of flammable gas carried in the kind of oil-by-rail shipments involved in a string of fiery derailments, a U.S. regulator said on Wednesday.

  • The disappointing report came as Australia's iconic airline Qantas Airways announced plans to cut 5,000 jobs over the next three years to help it withstand fierce competition.

  • Sandra Pianalto, who is stepping down at the end of May after 10 years as president of the Cleveland Fed, said however the cost of those policies needs to be measured against possible market disruptions and financial instabilities. "It's important for us to weigh those potential costs of a program like this... against the benefits," she said at the College of Wooster.

  • Boeing offering 'black phone' for secure communications Wednesday, 26 Feb 2014 | 8:44 PM ET

    The Boeing Black Smartphone is based on Google Inc's Android operating system and built into a black, tamper-proof handset capable of accessing multiple cell networks instead of a single network like a normal cellphone, according to Boeing and filings with the U.S. Federal Communications Commission.

  • SYDNEY, Feb 27- London copper slipped to its lowest in three weeks on Thursday as traders shed risk on worries of turmoil in emerging markets, fed by escalating tension in Ukraine and after Chinese officials intervened in the yuan.

  • BRASILIA, Feb 26- Brazil slowed the pace of monetary tightening on Wednesday, signaling it may be near the end of a rate-hiking cycle that threatened to tip Latin America's largest economy into a recession. The central bank is signaling that it is ready to end the cycle, "said Andre Perfeito, chief economist at Gradual Investimentos in Sao Paulo.

  • BP loses bid to block seafood fund payments Wednesday, 26 Feb 2014 | 8:25 PM ET

    Feb 26- A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it has created to compensate commercial fishermen for financial losses claimed after the British company's 2010 offshore oil spill, according to court records.

  • UPDATE 1-Looking back, Pianalto praises Fed stimulus Wednesday, 26 Feb 2014 | 7:55 PM ET

    Sandra Pianalto, who is stepping down at the end of May after 10 years as president of the Federal Reserve Bank of Cleveland, also predicted that new Fed Chair Janet Yellen would continue "building consensus and being open-minded" at policy-setting meetings in the years ahead.

  • *Crude stocks at Cushing draw for 4th week. The U.S. Energy Information Administration said crude stocks rose overall by just 68,000 barrels last week, far less than the average build of 1.2 million barrels forecast, while stocks at Cushing fell 1.1 million barrels as TransCanada Corp's southern pipeline continued to drain oil to the Gulf Coast.

  • RIO DE JANEIRO, Feb 26- Vale SA, the world's No. 3 mining company by market value, said on Wednesday its net loss more than doubled in the fourth quarter after it took a $6.5 billion charge for an income-tax settlement with the Brazilian government and wrote off part of a failed potash investment.

  • SINGAPORE, Feb 27- Gold was becalmed on Thursday after a roller coaster trade in the previous session, with dealers expecting physical demand to resurface after prices dropped from their strongest level since October last year. *Spot gold was little changed at $1,330.00 an ounce by 0031 GMT. *U.S. gold was at $1,330.10 an ounce, up $2.10.

  • Fed's Pianalto praises untested U.S. policy stimulus Wednesday, 26 Feb 2014 | 7:35 PM ET

    Sandra Pianalto, who is stepping down in May after 10 years as president of the Federal Reserve Bank of Cleveland, also predicted that new Fed Chair Janet Yellen would continue "building consensus and being open-minded" at policy-setting meetings in the years ahead.

  • TOKYO, Feb 27- U.S. crude oil dipped early on Thursday after rising the previous day when the contract was supported by a surprisingly small build in crude inventories. *U.S. crude futures for April delivery were down 28 cents at $102.31 a barrel by 0000 GMT, after finishing 76 cents higher on Wednesday.

  • *Rising diplomatic tension over Ukraine hurt emerging markets. TOKYO, Feb 27- Asian shares got off to a shaky start on Thursday as emerging markets were rattled by escalating tensions in Ukraine, sending investors scurrying to the safety of the dollar and U.S.

  • BRASILIA, Feb 26- Brazil raised interest rates by 25 basis points to 10.75 percent on Wednesday, taking advantage of a reprieve in inflation to slow the pace of monetary tightening and avoid smothering an economy close to recession.

  • SYDNEY, Feb 27- Australian carrier Qantas Airways Ltd plans to cut 15 percent of its workforce, sell older jets and reduce capital spending after reporting a first-half loss amid growing competition in both international and domestic operations.

  • TransCanada Corp had recommended four companies to the State Department to do an environmental review, including Environmental Resources Management, Inc, or ERM, but did not tell the department it had previously worked with the company.

  • VANCOUVER, Feb 26- Unionized container truck drivers at Canada's largest port will vote on Saturday on whether to join their non-unionized colleagues in a job action, after hundreds of truckers walked off the job on Wednesday over services and pay. "This morning's protest is just the beginning," said Unifor local president Paul Johal in statement.

  • Ex-UBS banker pleads guilty in U.S. offshore tax case Wednesday, 26 Feb 2014 | 6:17 PM ET

    Feb 26- A former UBS AG banker pleaded guilty on Wednesday to conspiring to defraud the United States by helping wealthy Americans evade taxes. Martin Lack, a 51- year-old Swiss resident, pleaded guilty in federal court in Fort Lauderdale, Florida to a single conspiracy count in a 2011 indictment stemming from a broad U.S. probe of offshore banking activities.

  • Feb 26- Digital video recorder maker TiVo Inc reported a better-than-expected 20 percent rise in quarterly revenue and said it expects to benefit from Comcast Corp's $45.2 billion acquisition of Time Warner Cable. The deal will give Comcast, a key cable customer of TiVo, access to 19 of the 20 largest U.S.