Latest Business News Wires - Business Headlines


  • NEW YORK, Nov 4- Steven A. Cohen's hedge fund SAC Capital Advisors said in a statement Monday it takes responsibility "for the handful of men who pleaded guilty and whose conduct gave rise to SAC's liability" in a long-running insider trading probe.

  • NEW YORK, Nov 4- Bank of America Corp has won the dismissal of an unusual lawsuit by shareholders accusing it of concealing a $10 billion fraud case brought by American International Group Inc..

  • Nov 4- Investors will have their first opportunity at using options to hedge their bets or speculate on the direction of Twitter Inc shares in two weeks when U.S. options exchanges are expected to list contracts on the stock. A spokeswoman for exchange operator CBOE Holdings Inc said on Monday that it has not announced a date for listing Twitter options.

  • The report by the Pew Research Center in collaboration with the John S. and James L. Knight Foundation was released on Monday. The results are based on a the survey of more than 5,000 U.S. adults including Twitter and Facebook users.

  • WASHINGTON, Nov 4- In one of the largest health care fraud settlements in U.S. history, Johnson& Johnson will pay $2.2 billion to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, U.S.

  • *BlackBerry shares fall after company abandons sale, replaces CEO. NEW YORK, Nov 4- U.S. stock indexes were little changed on Monday in below-average trading volume, while shares of Blackberry plummeted to a 10- year low after the company replaced its CEO.

  • FRANKFURT, Nov 4- Deutsche Bank's Co-Chief Executive Juergen Fitschen has become a suspect in an ongoing legal dispute over the demise of the Kirch media empire, German prosecutors said on Monday. A spokesman for prosecutors in the southern German city of Munich said Fitschen was suspected of misleading a German court during the Kirch trial.

  • NEW YORK, Nov 4- The euro rose from a near seven-week low against the dollar on Monday after data showed manufacturing in the euro zone accelerated last month, but gains were capped by speculation the European Central Bank may soon cut interest rates.

  • DETROIT, Nov 4- Detroit retirees, unions and pension funds continued to press their case on Monday that the city did not negotiate in good faith before it filed for the largest municipal bankruptcy in U.S. history in July.

  • WASHINGTON/ SAN FRANCISCO, Nov 4- The Federal Reserve should scale back its asset purchase program only when the U.S. economy improves and even then only slowly, one senior U.S. central banker said on Monday.

  • You have abundant supply, especially in the United States, a strong U.S. dollar and geopolitical risks have been pushed back for the moment, "said Carsten Fritsch, an oil analyst at Commerzbank. Brent for December rose 18 cents to $106.09 per barrel by 12:54 p.m. EST after hitting a four-month low of $105.13 a barrel earlier in the session.

  • BRASILIA/ SAO PAULO, Nov 4- A government plan to shield Brazil from alleged U.S. spying by forcing global Internet companies to store data on Brazilian users inside the country has run into mounting opposition in Congress, politicians said on Monday.

  • CHICAGO, Nov. 4- As the founders and backers of Twitter move toward the ultimate tweet- an initial public offering- it's a good time to ask whether IPOs are good investments. Keep in mind that Main Street and Wall Street investors may have entirely different takes on IPOs.

  • *HSBC rises after Q3 results. LONDON, Nov 4- Expectations of monetary stimulus from the European Central Bank, coupled with a rise in HSBC, drove European shares to a 5- year high on Monday. UK bank HSBC rose 2.3 percent to add the most points to the FTSEurofirst 300 after posting a 10- percent rise in third quarter profits and issuing a positive outlook.

  • *Voters to choose Tuesday between Mike Duggan and Benny Napoleon. *He would be Detroit's first white mayor in nearly 40 years. DETROIT, Nov 4- Detroit, saddled with $18 billion in debt, has filed for bankruptcy.

  • WASHINGTON, Nov 4- The U.S. Justice Department is pressing for divestitures at airports throughout the United States as a condition for dropping a lawsuit aimed at stopping a proposed merger of US Airways and American Airlines, U.S.

  • NEW YORK/ LONDON, Nov 4- Gold rose in quiet trade on Monday, lifted by a dollar drop and comments by a senior Fed official that the U.S. central bank should keep up its monetary stimulus. Gold prices were supported after St.

  • LONDON, Nov 4- Spanish 10- year yields hit six-month lows on Monday after Fitch upgraded its ratings outlook, in a market underpinned by bets the European Central Bank could signal further monetary easing this week.

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

  • *BlackBerry abandons sale plans, to replace CEO. NEW YORK, Nov 4- U.S. stock indexes were little changed on Monday, with shares of Blackberry plummeting to a 10- year low as the day's biggest loser, amid uncertainty over the longevity of the Federal Reserve's massive stimulus measures.

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