Latest Business News Wires - Business Headlines


  • SHANGHAI/ BEIJING, Dec 5- China's monopolies regulator has been collecting evidence of possible anti-competitive behaviour in the country's auto parts market, it said on Wednesday.

  • FOREX-Dollar hits 7-week low vs euro ahead of Fed minutes Wednesday, 19 Feb 2014 | 8:06 AM ET

    LONDON, Feb 19- The dollar hit a seven-week low against the euro on Wednesday and its lowest level this year against a basket of currencies, weighed down by soft U.S. data ahead of the release of minutes from the Federal Reserve's latest meeting. The euro rose as high as $1.37735 during Asian trading, its strongest level since January 2.

  • Britain: 41 percent of the total, where Iberdrola owns Scottish Power and plans to expand its transmission and distribution business, as well as offshore wind energy projects. Latin America: 23 percent of the total, with growth in onshore wind projects and an increasing focus on Mexico compared with Brazil.

  • SAN FRANCISCO, Feb 18- LinkedIn Corp is attempting to become more like Facebook Inc by encouraging all members to generate a steady stream of shareable articles, a perk once available only to well-known business personalities.

  • ECB takes tough line on bank test deadlines Wednesday, 19 Feb 2014 | 7:59 AM ET

    *National supervisors briefed by ECB team on tests on Monday. LONDON, Feb 19- Euro zone banks face penalties if they miss deadlines set by the European Central Bank in its landmark review of lenders' balance sheets, national supervisors were told at a Frankfurt meeting, according to sources familiar with the talks.

  • Sherritt posts bigger loss due to coal sale charge Wednesday, 19 Feb 2014 | 7:57 AM ET

    Feb 19- Canadian miner Sherritt International Corp posted a bigger fourth-quarter loss due to an impairment charge of C $466.8 million related to the sale of its coal assets, and it slashed its quarterly dividend. Sherritt's fourth-quarter loss widened to C $673.8 million, or C $2.27 per share, from C $16.9 million, or 6 Canadian cents, a year earlier.

  • Carlyle's fourth-quarter earnings more than triple Wednesday, 19 Feb 2014 | 7:56 AM ET

    Feb 19- Private equity firm Carlyle Group LP reported a higher-than-expected 216 percent rise in fourth-quarter earnings as the value of its funds jumped and the profits generated from the sales of assets soared.

  • MOSCOW, Feb 19- Russia plans to resume pork imports from Brazil and the United States in March to compensate for falling supplies from the European Union, Russia's veterinary and phytosanitary service said on Wednesday.

  • RBS suspends FX trader, bringing total to three Wednesday, 19 Feb 2014 | 7:49 AM ET

    LONDON, Feb 19- Royal Bank of Scotland has suspended a senior currency trader in London, bringing to three the number of traders suspended by the bank since a global investigation into allegations of rigging reference exchange rates was launched last year. This follows the suspension of Julian Munson and Paul Nash in October last year.

  • Deutsche Bank to review Kirch settlement - source Wednesday, 19 Feb 2014 | 7:37 AM ET

    FRANKFURT, Feb 19- Deutsche Bank took a decisive step toward reaching a settlement with the heirs of late media mogul Leo Kirch on Wednesday after the top committee on the bank's supervisory board prepared to discuss a plan to reach a deal out of court, a source told Reuters on Wednesday.

  • Feb 19- Renaissance Learning, an education technology start-up, said on Wednesday that Google Inc's investment fund had bought a minority stake in the company, valuing it at $1 billion. The Renaissance investment is Google's first in education. New York Times said on Wednesday Google's investment was $40 million.

  • Signet to acquire Zale for about $690 mln Wednesday, 19 Feb 2014 | 7:31 AM ET

    Feb 19- Kay Jewelers parent Signet Jewelers Ltd said it would acquire smaller rival Zale Corp for $21 per share in cash, valuing the mid-tier jeweler at about $690 million.

  • *Process gives road signs to Portugal, Greece. DUBLIN, Feb 19- Ireland is the first euro zone country to emerge from a bailout brought on by unsustainable debt, but the long slog of cutting back what it owes is only just starting for its 4.6 million austerity-hit people.

  • Feb 19- Navigation device maker Garmin Ltd reported a better-than-expected quarterly profit, helped by strong demand for its aviation and fitness products. The company's net income rose to $163.6 million, or 83 cents per share, in the fourth quarter, from $129.3 million, or 66 cents per share, a year earlier.

  • *Shares fall in European companies Vallourec and Tenaris. PARIS, Feb 19- Shares in steel tube makers Tenaris and Vallourec tumbled on Wednesday after U.S. trade authorities decided not to impose tariffs on the South Korean imports that compete with their products.

  • Russia to resume Brazilian, U.S. pork imports in March Wednesday, 19 Feb 2014 | 7:09 AM ET

    MOSCOW, Feb 19- Russia plans to resume pork imports from Brazil and the United States in March to compensate for falling supplies from the European Union, Russia's veterinary and phytosanitary service said on Wednesday.

  • LOS ANGELES, Feb 19- Some Americans may question whether a college education is still a good value, but a recent study found most young college graduates see their degrees as worthwhile investments. The same Pew Research poll found that the earnings gap between young people with and without college degrees was the widest in nearly 50 years.

  • LONDON, Feb 19- British defence contractor BAE Systems has finally agreed pricing with Saudi Arabia on its long-delayed Eurofighter Typhoon jet deal with the Gulf state, potentially leading to more contracts across the region.

  • MOSCOW, Feb 19- Russian state energy company Rosneft is pushing the government for approval on a share issue for Transneft so the pipeline monopoly can finance the expansion of routes to the east, including China.

  • *Tenaris, Vallourec pummelled by U.S. import tariff ruling. LONDON, Feb 19- European shares edged lower on Wednesday, led by Italy's Tenaris as a U.S. tariff ruling hurt the region's steel pipe industry, although buoyant updates from Carlsberg and Lafarge helped limit market losses.