Latest Business News Wires - Business Headlines


  • AMSTERDAM, Nov 4- Dutch retailer RFS Holland Holding, which owns the wehkamp.nl online store, is to build what it says will be the world's largest automated online distribution centre, able to deliver 80,000 packages a day.

  • British construction picked up speed last month, unexpectedly growing at its fastest pace since September 2007, a survey of purchasing managers showed on Monday.

  • TOKYO, Nov 4- The operator of Japan's wrecked Fukushima nuclear plant is working on a reorganization plan to fend off more drastic proposals, including possibly dragging the company through bankruptcy in return for a publicly funded clean-up and shutdown of the reactors.

  • LONDON, Nov 4- Copper slipped for a third straight session on Monday due to a drop in the euro, while remaining within a range that has persisted for months on uncertainty about the outlook for demand from top consumer China. The metal has traded in a $7,000- $7,420 range since early August partly due to uncertainty about real demand growth from China.

  • *Bumi says Q3 production up 10 percent. LONDON, Nov 4- Coal miner Bumi Plc said disagreements which have for months held up a planned split from its Indonesian co-founders have now be solved, paving the way for a long-awaited shareholder vote on the separation.

  • *HSBC says has not suspended any traders in FX probe. LONDON, Nov 4- HSBC reported a 10 percent rise in third quarter profits on Monday, helped by tighter cost control and fewer losses from bad loans, and confirmed it was being investigated as part of a global probe into currency market trading manipulation.

  • Nov 4- Weyerhaeuser Co is selling its homebuilding division to Tri Pointe Homes Inc in a $2.7 billion deal that will leave Weyerhaeuser shareholders in control of one of the 10 largest homebuilders in the United States. The unit's biggest brand is Pardee Homes, which builds houses in Southern California and Las Vegas.

  • EU moots funding backstop for non-euro zone banks Monday, 4 Nov 2013 | 6:06 AM ET

    BRUSSELS, Nov 4- The European Union is considering using an EU fund for non-euro zone states with balance of payments problems as a backstop for banks in those countries that fail regionwide financial health checks, EU officials said. Around 13 billion euros was disbursed to support Romania, Hungary and Latvia over the past three years.

  • BERLIN, Nov 4- German luxury-car maker Audi stuck to its full-year profit target even as higher costs of plants and technology inflicted a double-digit drop in third-quarter earnings.

  • PARIS, Nov 4- Loss-making telecom equipment maker Alcatel-Lucent plans to raise 955 million euros from shareholders and $750 million from a high-yield bond to cut debt and drive what its boss has called a last-ditch effort to save the group.

  • Nov 4- Boeing is in advanced talks with a leading union to assemble its new 777 X jet and build its wings in the Seattle area, a source familiar with the negotiations told Reuters.

  • HAMINA, Finland, Nov 4- Google will invest another 450 million euros over the next few years in a data centre in Finland, boosting a country struggling with Nokia's decline and weakness in its paper and steel industries.

  • Nov 4- Tri Pointe Homes Inc said it would buy Weyerhaeuser Co's homebuilding division for about $2.7 billion, making it one of the 10 largest homebuilders in the United States.

  • PRECIOUS-Gold prices ease on ECB, Fed policy talk Monday, 4 Nov 2013 | 5:40 AM ET

    *All eyes on ECB meeting amid talk of policy loosening. LONDON, Nov 4- Gold prices eased on Monday on talk that the European Central Bank may loosen monetary policy this week and as speculation revived that the U.S. Now December is back on the agenda, " Societe Generale analyst Robin Bhar said.

  • Nov 4- Google Inc Executive Chairman Eric Schmidt said widespread U.S. government spying on its data centers would be outrageous and potentially illegal if true, the Wall Street Journal reported. Schmidt told the newspaper in Hong Kong that Google had registered complaints with the National Security Agency, President Barack Obama and Congress members.

  • Nov 4- Velti Plc said it would sell its mobile marketing business in the United States, the UK and India to Blackstone Group LP, and that it filed for bankruptcy under Chapter 11 for its remaining U.S. operations.

  • LONDON, Nov 4- British construction picked up speed last month, unexpectedly growing at its fastest pace since September 2007, a survey of purchasing managers showed on Monday.

  • CAIRO, Nov 4- Ousted Egyptian leader Mohamed Mursi struck a defiant tone on the first day of his trial on Monday, chanting' Down with military rule', and calling himself the country's only' legitimate' president. Opponents of Egypt's army-backed government say the trial is part of a campaign to crush Mursi's Muslim Brotherhood movement and revive a police state.

  • LONDON, Nov 4- Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region's share markets, which extended gains on robust manufacturing data.

  • CAIRO, Nov 4- Egypt began the trial of ousted president Mohamed Mursi on Monday in what opponents of the army-backed government say is part of a campaign to crush his Muslim Brotherhood movement and revive a police state.

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