GO
Loading...

Latest Business News Wires - Business Headlines

More

  • COPENHAGEN, Feb 14- The price of mink fur has dropped almost 40 percent at auction in Denmark this year after hosts of new breeders piled into the business, attracted by the record sums China's middle class had been willing to pay for the luxury item.

  • Feb 14- Farmland values in the U.S. central and southern Plains held steady in the fourth quarter from the previous period, but the market tone is soft, and bankers expect weakness in the coming months, the Federal Reserve Bank of Kansas City said on Friday.

  • WASHINGTON, Feb 14- Comcast Corp will again be working with its longtime antitrust counsel at Davis Polk& Wardwell, as the communications and entertainment group seeks to navigate the U.S. approval process to merge with rival Time Warner Cable Inc..

  • Goodyear moves to dissolve Sumitomo alliance Friday, 14 Feb 2014 | 11:17 AM ET

    DETROIT, Feb 14- Goodyear Tire& Rubber Co has moved to end its global alliance with Sumitomo Rubber Industries Ltd, citing the Japanese tire maker's "anticompetitive conduct." Goodyear said on Thursday that it began arbitration proceedings last month to end the alliance, as well as seeking damages and other relief.

  • Chicago Board of Trade soft red winter wheat has risen in four out of the last five trading sessions and was on track for a weekly gain of 3.6 percent " Chicago futures are moving through resistance as managed funds cover short positions," Sterling Smith, futures specialist at Citigroup, said in a note to clients.

  • LONDON, Feb 14- Foreign exchange benchmarks will be reviewed by the world's top financial regulator, the latest front to be opened in a global probe into allegations of price manipulation in the world's largest financial market.

  • *Gold rises to three-month highs. Italy's center-left leader, Matteo Renzi, forced out Prime Minister Enrico Letta on Thursday after Letta failed to pass major reforms.

  • *Drop in factory output largest since May 2009. WASHINGTON, Feb 14- U.S. manufacturing output unexpectedly fell in January, recording its biggest drop in more than 4-1/ 2 years, as cold weather disrupted production in the latest indication the economy got off to a weak start this year.

  • A. Bank to buy Eddie Bauer. NEW YORK, Feb 14- U.S. stocks rose modestly on Friday, with the S&P 500 on track for its first two-week winning streak of the year, as investors were once again willing to overlook some soft economic data stemming from bad weather.

  • *Gold rises to three-month highs. Italy's center-left leader, Matteo Renzi, forced out Prime Minister Enrico Letta on Thursday after Letta failed to pass major reforms.

  • *Fed back in market to buy $1- $1.25 in U.S. bonds. NEW YORK, Feb 14- U.S. "We have been having this kind of drumbeat of slightly weaker data and what this is kind of doing is that it's starting to convince some parts of the market that the recovery is not as solid as the Fed would like us to believe," said Aaron Kohli, interest rate strategist at BNP Paribas in New York.

  • LONDON, Feb 14- Gold climbed to three-month highs on Friday and looked set to post its biggest weekly gain in six months as a series of weak U.S. data throughout the week raised fears about economic growth, hurting the dollar. Spot gold was up 1.3 percent at $1,319.31 an ounce by 1507 GMT after rising to its highest since Nov. 7 at $1,320.90.

  • CAPE TOWN, Feb 14- South Africa's telecoms regulator is delaying by two months a plan to cut fees that mobile operators charge rivals for using their networks, allowing it time to respond to a court challenge from Africa's biggest mobile operator.

  • *Shanghai warehouse copper stocks up 20.4 pct. LONDON, Feb 14- Copper rose on Friday, helped by a weak dollar and limited short-term availability of the metal in the physical market, but gains were limited by uncertainty about the demand outlook following soft U.S. and Chinese economic data.

  • *Milan is Europe's top-performing bourse, up 1.5 pct. LONDON, Feb 14- Italy's stock exchange led European shares higher on Friday as investors reacted positively to Rome's new prime minister, while signs of economic growth in Germany and France gave a further fillip.

  • *Cuts full-year profit forecast to $5.55- $5.60/ share vs est. Feb 14- J.M. Smucker Co forecast full-year results below analysts' estimates, citing increased competition in its peanut butter business and a shift in consumer preference away from artificially sweetened fruit spreads.

  • Feb 14- Campbell Soup Co, the world's largest soup maker, reported a higher-than-expected quarterly profit, helped by an increase in soup sales during the holiday quarter, sending shares up as much as 7 percent. It also acquired Bolthouse Farms, which makes refrigerated juices and baby carrots in 2012..

  • Toyota issues second recall in a week Friday, 14 Feb 2014 | 10:06 AM ET
    The 2012 Toyota Rav4 are part of a recall to address a braking problem.

    Safety systems on 261,114 Lexus and Toyota vehicles in the United States, including stability control and anti-lock brakes, could fail.

  • PLAINS FARMLAND VALUES STEADY IN FOURTH QUARTER; WEAKNESS SEEN- KANSAS CITY FED.

  • Feb 14- Farmland values in the U.S. central and southern Plains held steady in the fourth quarter with the previous period, but the market tone is soft, and bankers expect weakness in the coming months, the Federal Reserve Bank of Kansas City said on Friday.