Latest Business News Wires - Business Headlines


  • FTC commissioner warns on mobile health-data gathering Wednesday, 23 Jul 2014 | 8:44 PM ET

    SAN FRANCISCO, July 23- Federal Trade Commissioner Julie Brill, speaking in Washington on Wednesday, expressed concern about the way apps on smartphones and mobile devices are siphoning sensitive health data, and how some of that information may then be shared with third parties.

  • SAN FRANCISCO, July 23- Researchers have found a flaw that could expose the identities of people using a privacy-oriented operating system touted by Edward Snowden, just two days after widely used anonymity service Tor acknowledged a similar problem.

  • Meat supplier in China food scandal grew with McDonald's Wednesday, 23 Jul 2014 | 8:32 PM ET

    July 23- Eight months ago in front of a crowd of food industry executives gathered at a fancy Chicago hotel, a top McDonald's Corp executive lauded the boss of meat supplier OSI Group for his dedication to the fast-food giant's "McFamily".

  • *Tech stocks boosted by Apple, Facebook hits record high. SYDNEY, July 24- Asian stocks inched higher on Thursday, encouraged by upbeat corporate results and a record close on Wall Street, while unrest in the Middle East and Ukraine underpinned demand for high-rated bonds. MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.09 percent.

  • *Japan logs record two full years of trade deficits. TOKYO, July 24- Japan's exports unexpectedly fell in June for a second straight month in a worrying signal that weak external demand could continue to drag on the economy's recovery from a sales tax rise.

  • SINGAPORE, July 24- Gold was holding its ground above $1,300 an ounce on Thursday as violence deepened in the Middle East over the Gaza strip and as holdings in the top bullion-backed fund rose on safe-haven bids. *Meanwhile, tensions remained high between Russia and the West over Ukraine.

  • DIARY - Top economic Events to Aug 7 Wednesday, 23 Jul 2014 | 8:01 PM ET

    Treasury Secretary Jacob Lew will deliver remarks at the Inaugural Rural Opportunity Investment Conference hosted by the White House Rural Council.

  • Japan June exports fall 2.0 pct year/year - MOF Wednesday, 23 Jul 2014 | 7:55 PM ET

    TOKYO, July 24- Japan's exports unexpectedly fell 2.0 percent in June from a year earlier, down for the second straight month, Ministry of Finance data showed on Thursday, a worrying signal that weak external demand could continue to drag on the economy's recovery. The fall compared with a 1.0 percent increase expected by economists in a Reuters poll.

  • NEW YORK, July 23- A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase& Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.

  • CAPE CANAVERAL, Fla., July 23- In what may be the ultimate in long-distance telephone service, NASA on Wednesday put out a call for a commercially owned and operated satellite network on Mars. "There is a potential communications gap in the 2020 s," NASA wrote in its solicitation, which was posted on the agency's procurement website.

  • BRASILIA/ SAO PAULO, July 23- Brazil's Treasury on Wednesday sold $3.5 billion worth of a new 30- year global bond, while offering to buy back shorter-dated maturities that had been issued under costlier terms.

  • July 23- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.

  • HOUSTON, July 23- A top U.S. railcar maker, The Greenbrier Companies Inc, said on Wednesday a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is "aggressive" but can be done.

  • WASHINGTON, July 23- AT&T Inc's quarterly revenue rose a weaker than expected 1.6 percent as cheaper service plans offered to customers who forgo subsidized cellular phones cut into margins.

  • NEW YORK/ BUENOS AIRES, July 23- Argentina will keep talking to "holdout" investors suing the country for full payment on their bonds, but its demands should not be trivialized as whims, its president said on Wednesday.

  • TABLE-South Korea Q2 GDP grows 0.6 pct vs Q1 Wednesday, 23 Jul 2014 | 7:01 PM ET

    SEOUL, July 24- Following are details of the advance estimates of South Korea's gross domestic product for the April-June period from the central bank, the Bank of Korea: OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED.

  • S.Korea Q2 economic growth at slowest in more than a year Wednesday, 23 Jul 2014 | 7:00 PM ET

    SEOUL, July 24- South Korea's economy grew 0.6 percent in April-June over the previous quarter, the central bank estimated on Thursday, the slowest in more than a year due to sluggish consumption while falling slightly below market expectations.

  • Republican lawmakers introduced legislation on Wednesday that would force President Barack Obama to submit quickly to Congress any comprehensive nuclear agreement with Iran and give lawmakers the chance to reject the deal and reimpose sanctions.

  • FOREX-Kiwi hits skids, others buy time before China PMI Wednesday, 23 Jul 2014 | 6:53 PM ET

    SYDNEY, July 24- The New Zealand dollar skidded to a six-week low on Thursday after the country's central bank switched to a wait-and-see stance following its fourth straight rate hike, while other major currencies snoozed. The kiwi dollar dropped nearly a full U.S. cent to as low as $0.8606, touching levels not seen since June 12.

  • Standard & Poor's may face SEC charges over ratings Wednesday, 23 Jul 2014 | 6:52 PM ET

    In a regulatory filing, McGraw-Hill Financial Inc said it received a "Wells notice" on July 22 indicating the SEC is weighing filing civil charges for alleged securities law violations over S&P's ratings of six commercial mortgage-backed securities transactions issued in 2011..