Latest Business News Wires - Business Headlines


  • WASHINGTON, Nov 5- Twitter Inc and 11 other technology companies have enough stock-option tax breaks to avoid paying billions of dollars in taxes over the next several years, a consumer group said on Tuesday.

  • *Sterling gains on strong UK services data. NEW YORK, Nov 5- The euro slid against the dollar on Tuesday, hurt by speculation the European Central Bank may signal easier monetary policy or even cut interest rates at its policy meeting this week.

  • BRASILIA, Nov 5- Brazil is pushing ahead with legislation that would force global Internet companies such as Google and Facebook to keep data on Brazilian users inside the country, despite opposition from the companies and in Congress.

  • *Nonfarm payrolls expected to rise 125,000 in October. *Unemployment rate seen climbing to 7.3 percent. WASHINGTON, Nov 5- U.S. job growth likely slowed sharply in October with the unemployment rate ticking higher as a partial shutdown of the government kept workers at home, undercutting an already lethargic labor market.

  • *Corn hits fresh three-year low. *Market eyes USDA world supply/demand report due Friday. Soybeans and corn also fell, with corn charting a fresh three-year low and soybeans notching their lowest since February 2012.

  • WASHINGTON, Nov 5- The U.S. Federal Aviation Administration on Tuesday issued a final rule that it said would "significantly advance" the way commercial airline pilots are trained in the United States.

  • *Navy sees next ship costing $1.2 billion less. WASHINGTON, Nov 5- The U.S. Navy on Tuesday pledged to cut costs for building new aircraft carriers, as it prepared to christen the USS Gerald R. Ford, first in its class of warships and a vessel whose $12.9 billion cost will exceed forecasts by almost 25 percent.

  • NEW YORK/ LONDON, Nov 5- Gold prices fell on Tuesday for the seventh consecutive session as a combination of the resurgent dollar, technical selling and lackluster fund interest extended the precious metal's losing streak.

  • NEW YORK, Nov 5- Jerome Schlichter, the St. Louis attorney credited with literally making a federal case out of 401 fees, just filed his 14th class action against a company he claims mismanaged its employees' retirement savings.

  • NEW YORK, Nov 5- U.S. stocks seesawed between modest gains and losses on Tuesday following two days of gains on Wall Street as investors weighed the implications of strong economic data for the path of monetary policy over the next several months.

  • COLUMN-The QE deflation puzzle: James Saft Tuesday, 5 Nov 2013 | 3:00 PM ET

    Nov 5- When it comes to creating inflation, bond buying by central banks may actually ultimately be counterproductive. Very radical increases in bond buying in Japan under Abenomics- more or less a pledge to buy and buy assets until inflation reaches 2 percent- has also had only mixed success so far, with core inflation flat in the year to September.

  • WILMINGTON, Del., Nov 5- Cooper Tire& Rubber Co's partner in a Chinese joint venture was exploring a bid for the fourth-largest U.S. tire maker when Cooper struck a deal with an Indian suitor, Cooper's chief executive told a court on Tuesday.

  • It's frustrating that it did not work, "hospital operator Tenet Healthcare Corp's Chief Executive Trevor Fetter said in an interview with Reuters following the company's third-quarter earnings conference call. State exchanges such as the one set up in California are working much better and are offering a selection of affordable plans, he added.

  • *Gold slips, on track for seventh straight day of losses. NEW YORK, Nov 5- Stock markets around the world edged lower on Tuesday as uncertainty over the European Central Bank's next policy move gave investors caution with many indexes near multi-year or all-time highs.

  • *Third-quarter profit C $0.50 per share vs est. *Revenue rises 7 pct to C $924.8 mln. Nov 5- WestJet Airlines Ltd, Canada's second-largest carrier, reported a forecast-beating quarterly profit as costs fell, but increased capacity, competition and Calgary floods in July dented the bottom line.

  • *Files for bankruptcy after Hertz cancels lease agreements. *Hertz shares fall as much as 17 pct. Nov 5- Advantage Rent A Car, which Hertz Global Holdings Inc hived off as part of a deal to buy Dollar Thrifty, will file for bankruptcy after Hertz terminated lease agreements that provided Advantage with its cars.

  • *Ford names new global design chief amid Lincoln overhaul. DETROIT, Nov 5- Ford Motor Co promoted several younger executives to key roles on Tuesday, marking yet another step by the U.S. automaker to prepare for the eventual exit of Chief Executive Alan Mulally.

  • Nov 5- Regeneron Pharmaceuticals Inc on Tuesday reported quarterly profit that beat analyst expectations and again raised its forecast for its high-flying Eylea eye drug, sending its shares up by more than 7 percent.

  • Now the COLA figures for Social Security, Medicare and limits on contributions to retirement savings accounts have been released. It will be a year of moderate Social Security benefit bumps, flat Medicare premiums and status quo for retirement savers.

  • Nov 5- U.S.-based specialty pharmaceutical company Endo Health Solutions Inc will buy Canadian peer Paladin Labs Inc to expand its presence in Canada and emerging markets, as generic competition for its top drugs squeeze sales.

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