Latest Business News Wires - Business Headlines


  • Latest RBS hit may speed up sale of US arm Citizens Tuesday, 28 Jan 2014 | 9:09 AM ET

    LONDON, Jan 28- Royal Bank of Scotland's latest 3 billion pound hit for past misdeeds will leave the state-backed bank low on capital, potentially pushing new boss Ross McEwan to speed up a sale of its Citizens banking business in the United States.

  • Jan 28- Teen apparel retailer Abercrombie& Fitch Co said it separated the roles of chairman and chief executive officer and abandoned a plan aimed at blocking hostile buyout bids. The move comes more than a month after shareholder Engaged Capital LLC urged the retailer to replace current Chief Executive Mike Jeffries or sell itself.

  • RIO DE JANEIRO, Jan 28- Brazil's government will spend 5.6 billion reais on projects related exclusively to Rio de Janeiro's 2016 Olympic Games, officials said on Tuesday.

  • Lexmark results beat estimates, shares jump Tuesday, 28 Jan 2014 | 8:51 AM ET

    Jan 28- Printer maker Lexmark International Inc reported better-than-expected quarterly results, helped by higher revenue from its managed print services and software businesses, sending its shares up 7 percent before the bell.

  • Jan 28- DuPont's quarterly profit doubled, beating market estimates, as its strong push into agriculture paid off, and the chemical maker said it would buy back $5 billion in stock. DuPont shares were up about 2 percent at $61.30 in premarket trading on Tuesday.

  • Jan 28- American Airlines Group Inc, the world's biggest carrier following a merger with US Airways last year, reported a loss of $2 billion, or $8.66 a share, in the fourth quarter after charges tied to its reorganization.

  • LONDON/ MADRID, Jan 28- BlackRock, the world's biggest fund manager, has urged Spain to improve governance at its top companies to protect investors flooding back into a country showing signs of emerging from a long and deep recession.

  • WASHINGTON, Jan 27- House and Senate negotiators on Monday reached a bipartisan agreement on the long-overdue U.S. farm bill that ends a pricy direct subsidy to farmers while expanding government-backed crop insurance programs, and trims spending on food stamps for poor Americans by about one percent.

  • *Hot money leaving Nigeria due to Fed tapering, more in system. LONDON, Jan 28- The withdrawal of U.S. stimulus has removed some potentially destabilising "hot money" flows to Nigeria, but monetary policy needs to stay tight to keep the naira stable, a deputy governor of the central bank said. "There is still hot money in Nigeria."

  • NEW YORK, Jan 28- U.S. stock index futures pared gains on Tuesday after data showed orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods.

  • UPDATE 2-Ford profit beats estimates; outlook affirmed Tuesday, 28 Jan 2014 | 8:33 AM ET

    DEARBORN, Mich., Jan 28- Ford Motor Co on Tuesday posted a higher-than-expected quarterly profit as a strong performance in the No. 2 U.S. automaker's core North American market offset losses in Europe and South America. Ford's net income in the fourth quarter rose to $3 billion, or 74 cents a share, compared with almost $1.6 billion, or 40 cents a share, a year earlier.

  • BOCHUM, Germany, Jan 28- BMW will not add a third model to its i-branded range of electric cars until it has a better idea of demand and does not plan to make the i3 in China, one of its top executives said on Tuesday. BMW already has production facilities in China for making its more conventional cars.

  • WASHINGTON, Jan 28- Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods, which could cast a shadow on an otherwise bright economic outlook.

  • Jan 28- Martin Marietta Materials Inc said it would buy Texas Industries Inc for about $2 billion in stock to strengthen its cement business and increase its presence in high-growth construction markets such as Texas and California. Texas Industries is the largest producer of cement in Texas and a major producer in California.

  • Jan 28- American Airlines Group Inc, the world's biggest carrier after a late-2013 merger with US Airways, reported a loss of $2 billion, or $8.66 a share, for the fourth quarter after charges tied to its reorganization.

  • Jan 28- Specialty glass maker Corning Inc said LCD glass prices would decline further in the current quarter, raising concerns about the growth prospects of its television display business, which brings in more than a third of the company's revenue. Corning's display technologies segment makes LCD panels for Sony Corp, LG and Lenovo Group.

  • LISBON, Jan 28- From the rattle of weaving looms and footwear stitching machines in northern Portugal to the rumble of trucks shipping high-quality paper across the eastern frontier, the nation's export firms are buzzing with activity despite three years of economic crisis at home.

  • *Ukraine in grip of street protests for two months. KIEV, Jan 28- Ukrainian Prime Minister Mykola Azarov tendered his resignation on Tuesday while deputies loyal to President Viktor Yanukovich, acting to calm violent street protests, overturned anti-protest laws they rammed through 12 days ago.

  • *Apple shares to open lower after muted iPhone sales, outlook. *Technology stocks were set for a lower open following disappointing quarterly results from Apple Inc. The stock was set to open 7 percent lower after iPhone sales in the holiday shopping season missed lofty expectations and the company forecast weak revenue for the current quarter.

  • PRECIOUS-Gold prices steady as stock markets recover Tuesday, 28 Jan 2014 | 7:57 AM ET

    LONDON, Jan 28- Gold prices steadied on Tuesday, after falling 1 percent in the previous session, as European stock markets rebounded from their lowest in a month and emerging markets stabilised after three days of intense selling.