GO
Loading...

Latest Business News Wires - Business Headlines

More

  • DETROIT, Feb 11- Chrysler Group LLC's newly redesigned Jeep Cherokee falls short of the hype, Consumer Reports magazine said on Tuesday, citing the sport utility vehicle for a choppy ride and clumsy handling. The company invested $550 million in its Toledo, Ohio plant to produce the new vehicle.

  • Feb 11- Western Union Co, the world's largest money-transfer company, reported a slightly weaker-than-expected quarterly profit as competition intensifies and regulatory expenses rise. Western Union said on Tuesday it expected earnings of $1.40 to $1.50 per share in 2014 on low to mid-single digit percentage revenue growth on a constant-currency basis.

  • CRUDE OIL FUTURES REVERSE LOSSES, SPREAD NARROWS, AFTER API REPORTS LARGE CUSHING DRAW.

  • Feb 11- Specialty chemicals maker PQ Holdings Inc, backed by Carlyle Group LP, filed with U.S. regulators to raise up to $450 million in an initial public offering of common stock. BofA Merrill Lynch, Credit Suisse Securities and JP Morgan Securities are the lead underwriters, PQ said.

  • NEW YORK, Feb 11- Brent oil rose slightly on Tuesday supported by demand for U.S. heating oil and gasoline, which gained on expectations that persistent cold weather in the United States will lead to another large draw in distillates. Instead, analysts looked to the American Petroleum Institute's weekly inventory report due out at 4:30 p.m. EST on Tuesday.

  • FireEye reports larger adjusted loss, shares fall Tuesday, 11 Feb 2014 | 4:32 PM ET

    Feb 11- Network security company FireEye Inc reported a larger adjusted loss, sending its shares down nearly 8 percent in after-hours trading. The company's adjusted net loss widened to $40.5 million, or 35 cents per share, for the fourth quarter ended Dec. 31, from $8.4 million, or 64 cents, a year earlier.

  • WASHINGTON, Feb 11- Dozens of Republican senators on Tuesday called on the White House to approve the Keystone XL pipeline as foes vowed to risk arrest at protests against the controversial project.

  • NEW YORK, Feb 11- Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending U.S. borrowing authority and the Federal Reserve's new chief held off from making any changes to its schedule for trimming stimulus.

  • NEW YORK, Feb 11- Natural gas futures jumped more than 5 percent on Tuesday on cold weather forecasts in the United States and gold hit a 3- month high on incoming Federal Reserve Chair Janet Yellen's pledge to not accelerate the winding down of the U.S. stimulus.

  • Intuit forecasts quarterly results below expectations Tuesday, 11 Feb 2014 | 4:27 PM ET

    Feb 11- Intuit Inc, developer of tax-preparation software TurboTax, forecast current-quarter results below market estimates after a delay in the start of the U.S. tax-filing season.

  • Feb 11- Online travel research company TripAdvisor Inc reported a 26 percent rise in quarterly revenue, helped by a surge in display-based advertising. Total revenue rose to $212.7 million for the quarter ended Dec. 31, from $169.4 million, a year earlier. Net profit fell to $20.3 million, or 14 cents per share, from $33.6 million, or 23 cents per share.

  • NY regulator moves ahead on bitcoin regulation Tuesday, 11 Feb 2014 | 4:12 PM ET
    An Apple Inc. iPhone5 displays the Bitcoin Wallet smartphone app.

    New York's financial regulator revealed new details on plans to govern virtual currency firms to protect consumers and combat money laundering.

  • Western Union profit falls 27 pct as costs increase Tuesday, 11 Feb 2014 | 4:11 PM ET

    Feb 11- Western Union Co, the world's largest money-transfer company, reported a 27 percent fall in fourth-quarter profit, hurt by higher compliance costs, and announced a $500 million share buyback program. Net income fell to $173.4 million, or 31 cents per share, in the quarter ended Dec. 31, from $237.9 million, or 40 cents per share, a year earlier.

  • Verizon raises salaries of CEO, others Tuesday, 11 Feb 2014 | 4:07 PM ET

    Feb 11- Verizon Communications Inc said it raised Chief Executive Lowell McAdam's base salary by about 7 percent and his long-term bonus to 750 percent of his base salary from 625 percent. McAdam's total compensation for 2012 was $14 million, with a base salary of $1.4 million, according to a regulatory filing in March.

  • NEW YORK, Feb 11- One of the best stock pickers in America for the month of January was a 56- year-old Taiwanese immigrant working out of a small office in suburban New Jersey, 25 miles from Wall Street.

  • NEW YORK, Feb 11- Investors can't blame the stock market's bumpy ride so far this year on S&P 500 earnings, which could end the reporting period with the best quarterly growth in more than two years.

  • NEW YORK, Feb 11- Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending U.S. borrowing authority and the Federal Reserve held off from making any changes to its schedule for trimming stimulus.

  • JAKARTA, Feb 12- Ibris Nickel Pte Ltd has not made a shipment from its remote mine in Indonesia's Southeast Sulawesi for six weeks and is bleeding $12 million a month, one of hundreds of small miners squeezed by a controversial mineral export ban imposed last month.

  • JinkoSolar Holdings, JA Solar, Canadian Solar and U.S. companies including First Solar and Sunpower Corp have raised about $3 billion in the past year, over according to industry estimates and Thomson Reuters data, mostly through private share placements, public share issues and convertible bonds.

  • A second bitcoin exchange, Bitstamp, halts withdrawals Tuesday, 11 Feb 2014 | 4:00 PM ET

    Slovenia- based Bitstamp is now the second major bitcoin exchange to halt customer withdrawals in the past several days, rattling participants in the nascent market. Last Friday, Tokyo- based Mt. On Bitstamp's exchange, the bitcoin price was quoted at about $645, down about 6 percent on the day.