Latest Business News Wires - Business Headlines


  • April 25- Amazon.com Inc's shares dropped more than 9 percent in early trading, after analysts raised concerns about the high level of spending on technology, content and new warehouses. Amazon's cloud computing service is likely to face increasing price competition, the analysts said.


  • U.S. consumer sentiment up more than expected in April Friday, 25 Apr 2014 | 10:00 AM ET

    NEW YORK, April 25- U.S. consumer sentiment rose in April to a nine-month high as views on current and near-term conditions surged, a survey released on Friday showed.

  • *Fitch expected to hike outlook or upgrade Spain. On a day of credit updates scheduled for three of the bloc's top four economies, Standard& Poor's affirmed its ratings on France, while Fitch raised its outlook on Italy and was expected to boost its view of Spain after Europe's markets close.

  • PARIS, April 25- U.S. industrial products giant General Electric is in talks to buy the global power turbines division of struggling French engineering group Alstom, according to two sources familiar with the discussions.

  • April 25- Whirlpool Corp on Friday reported quarterly results below analysts' expectations as currency and other headwinds in Latin America and Asia offset a modest sales increase in North America and Europe.

  • NEW YORK, April 25- U.S. stocks opened lower on Friday as a number of bellwether names, including Amazon and Ford, fell following their quarterly results, overshadowing positive numbers from Microsoft. Amazon shares fell 7.5 percent to $310.80, while Ford was off 3.1 percent at $15.82. Microsoft, a Dow component, rose 1.1 percent to $40.29.

  • *Hedge fund Marshall Wace buys U.S. *UK P2P industry seen worth 45 bln stg in a decade. Marshall Wace, which manages about $15.5 billion of assets, said on Friday it was buying U.S.

  • LONDON, April 25- Five of Britain's biggest investors are set to file lawsuits against Royal Bank of Scotland next week, saying they were misled over its massive rights issue in 2008 and claiming more than 1 billion pounds back, sources said.

  • MOSCOW, April 25- Russia unexpectedly raised interest rates for the second time in two months on Friday and suffered its first credit rating cut in five years, highlighting the impact of the Ukraine crisis on the teetering economy.

  • April 25- United Technologies Corp said the U.S. Securities and Exchange Commission had launched an investigation regarding sales of the company's jet engines in China by a non-employee sales representative.

  • April 25- Cytokinetics Inc said its experimental treatment for Lou Gehrig's disease- a progressive neurodegenerative disorder- failed the main goal in a mid-stage trial, sending its shares down about 60 percent before the bell.

  • *Incentives in North America up on aging vehicle lineup. DETROIT, April 25- Ford Motor Co posted lower-than-expected first-quarter profit on Friday as the No. 2 U.S. automaker saw higher warranty costs in North America for older vehicles by $400 million, sending shares down 2 percent in premarket trading.

  • PARIS, April 25- The chief executive of commodities giant Louis Dreyfus is stepping down in a surprise move after just one year, leaving the group to seek a new CEO as it overhauls corporate structure to more closely resemble a public company.

  • Microsoft to get video content from AOL Friday, 25 Apr 2014 | 8:56 AM ET

    April 25- Online media group AOL Inc said on Friday it would offer its video content on Microsoft Corp's platforms, starting this summer. Microsoft's MSN and Bing apps for Windows will get content from AOL's HuffPost Live, TechCrunch and Moviefone as well as its partner sites, including ESPN, TMZ, and Martha Stewart.

  • LONDON, April 25- Britain's most ambitious smart grid project is being built on a housing estate in Leighton Buzzard, a rapidly growing commuter town north of London. UK Power Networks, which owns and operates electricity cables and lines across southeast England, is installing a giant battery farm that will supply electricity to local users at peak times.

  • April 25- Canada will not allow restaurants to hire any more temporary foreign workers until the federal government completes a review of a program set up as a last resort for employers to fill jobs when no qualified Canadians are available.

  • *Market wary of Ukraine violence, still-dry U.S. PARIS/ SINGAPORE, April 25- Chicago wheat futures extended gains to a fourth session on Friday, trading at a one-week high, as the market remained wary of rising tension in Ukraine and dryness in the U.S. wheat belt.

  • LONDON, April 25- Gold rose to about $1,300 an ounce on Friday, after hitting its weakest level in 2-1/ 2 months the day before, as violence in Ukraine weighed on equity markets and the dollar.

  • President Barack Obama will press European allies on Friday to impose more sanctions if Russia steps up action in Ukraine, while a cut in its credit rating sent a strong reminder to Moscow of the economic consequences of its involvement in the crisis.