Latest Business News Wires - Business Headlines


  • May 8- GrubHub Inc's quarterly profit more than tripled as more people used the online food-delivery service to order takeout meals. Shares of GrubHub, which bought rival Seamless last year, rose as much as 8 percent in extended trading.

  • SAN FRANCISCO, May 8- Atomico Partners, a London- based venture firm founded by Skype co-founder Niklas Zennstrom, is suing a former employee and consultant for secretly diverting potential Atomico investments to a venture firm that the two were building.

  • May 8- Nuance Communications Inc reported a 6 percent rise in quarterly revenue, helped by increased sales of its voice-assisted documentation software to healthcare companies. The company's net loss grew to $39.2 million, or 12 cents per share, in the second quarter ended March 31, from a loss of $25.8 million, or 8 cents per share, a year earlier.

  • *Separatists ignore Putin calls to postpone Ukraine secession vote. European shares climbed 1.1 percent after European Central Bank President Mario Draghi was seen as opening the door to more stimulus measures in June.

  • CBS profit up on higher licensing, pay TV revenue Thursday, 8 May 2014 | 4:15 PM ET

    May 8- CBS Corp, owner of the most watched U.S. television network, reported higher quarterly earnings, helped by increased licensing of its shows and higher payments from cable and satellite operators that carry its channels.

  • Symantec 4th-qtr profit rises 14 pct Thursday, 8 May 2014 | 4:14 PM ET

    May 8- Antivirus and security software maker Symantec Corp reported a 14 percent rise in quarterly profit, helped by cost cutting as it adjusts to falling PC sales. Net income attributable to the company rose to $217 million, or 31 cents per share, in the quarter ended March 28, from $190 million, or 27 cents per share, a year ago.

  • NEW YORK, May 8- U.S. stocks mostly fell on Thursday with the S&P 500 and the Nasdaq closing lower, led by losses in the energy and utility sectors.

  • UPDATE 2-Boeing's jetliner deliveries slowed in April Thursday, 8 May 2014 | 4:01 PM ET

    *Boeing delivered 12 more planes in April than a year ago. *Boeing says "progressing well" in solving S. Carolina problems. Investors watch jet deliveries because Boeing and Airbus receive the bulk of the cash for jet sales when customers fly them home.

  • *Pro-Russian rebels in Ukraine to go ahead with referendum. NEW YORK, May 8- U.S. crude oil prices fell on Thursday after hitting resistance at a key technical level, and Brent also fell as traders awaited developments in Ukraine.

  • TORONTO, May 8- Target Stores Inc's problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn't have the panache Canadians anticipated they would find in a retailer renowned for its "cheap chic."

  • *Utilities, energy stocks sell off as investors book profits. NEW YORK, May 8- U.S. stocks erased earlier gains with the S&P 500 and the Nasdaq turning lower in a volatile session, led by losses in the energy and utility sectors.

  • NEW YORK/ LONDON, May 8- Gold edged up on Thursday after the previous day's more than 1 percent drop as investors digested comments by Federal Reserve Chair Yellen that the central bank is in no rush to reduce the size of its balance sheet.

  • May 8- John Malone's Liberty Global Plc and Discovery Communications Inc said they would jointly buy UK- based All3Media, producer of hit TV shows such as "Skins" and "Midsomer Murders", for about $300 million.

  • MEDELLIN, Colombia, May 8- Colombia's capital markets have attracted investment totaling $2.8 billion in the seven weeks since J.P. Morgan said it would raise the weighting of the nation's government bonds in two of its indexes, one of the bank's strategists said on Thursday.

  • WASHINGTON, May 8- U.S. lawmakers pushed on Thursday for sanctions on Venezuelans linked to human rights violations, but Obama administration officials insisted that acting now would harm negotiations between President Nicolas Maduro's government and the opposition following weeks of violent protests.

  • TREASURIES-Long bond drops after 30-year bond auction Thursday, 8 May 2014 | 3:10 PM ET

    NEW YORK, May 8- Thirty-year Treasuries sat out a modest U.S. bond market rally and dropped on Thursday after the government sold $16 billion of new long bonds at unexpectedly high yields.

  • May 8- Vermont on Thursday became the first U.S. state to mandate labeling of foods made with genetically modified organisms as Governor Peter Shumlin signed a law that is widely expected to be challenged in court by some food and agriculture companies.

  • May 8- A group of British public sector pension funds has asked its members to oppose the appointment of Tony Hayward as chairman of Glencore Xstrata in protest at the company's failure to set targets for female representation on its board.

  • *Assets of $159.3 bln as of end March vs $161.2 bln end of December. NEW YORK, May 8- Apollo Global Management LLC, manager of the largest private equity fund since the financial crisis, said on Thursday its buyout funds appreciated much less than before and that it saw more opportunities to increase its credit investment assets.

  • *Pro-Russian rebels in Ukraine say to go ahead with referendum. NEW YORK, May 8- U.S. crude oil prices fell on Thursday after a rally driven by a drop in commercial crude stocks topped out at a key technical level, while Brent fell as the market awaited developments in the Ukraine conflict.