Latest Business News Wires - Business Headlines


  • PARIS, Feb 11- Pernod Ricard is widely expected to cut its full-year profit goal when it reports first-half earnings on Thursday, reflecting weak demand in China, its second-largest market.

  • Omnicom's revenue rises as ad sales increase Tuesday, 11 Feb 2014 | 7:19 AM ET

    Feb 11- Omnicom Group Inc, the largest U.S. advertising company, reported a 2.9 percent rise in quarterly revenue, helped mainly by growth in its international markets. Omnicom's net income available to common shares was $300.5 million, or $1.13 per share, for the fourth quarter ended Dec. 31 compared with $307.1 million, or $1.13 per share, a year earlier.

  • NEW YORK, Feb 11- Sprint Corp, the No. 3 U.S. mobile provider, on Tuesday reported an increase in quarterly revenue that was ahead of analysts' expectations and said it added wireless subscribers in the fourth quarter.

  • *Diageo, Beiersdorf, Prudential tipped for recovery. LONDON, Feb 11- A two-week sell-off in European shares exposed to emerging economies is luring investors to firms caught up in the storm and that now trade at unusually low prices, such as drinks giant Diageo and insurer Prudential.

  • *India says looking into policies in U.S. renewable sector. *Will respond to action at WTO: India trade minister. NEW DELHI, Feb 11- India said on Tuesday it was investigating U.S. policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.

  • *Estimates 4th- qtr revenue of $510- $520 mln vs est. Feb 11- Canadian Solar Inc estimated 2013 would be its first profitable year since 2010 as its strategy of building high- margin solar power plants pays off. Canadian Solar estimated it would post a profit in the fourth quarter ended Dec. 31, its second straight quarterly profit after nine quarters of losses.

  • SHENZHEN, China/ PARIS, Feb 11- Aston Martin's sweeping recall of its high-end sports cars last week raises larger questions about the risk to global automakers of sourcing key parts thousands of miles away in China without implementing adequate quality control measures.

  • LOS ANGELES, Feb 11- Raymond Tremblay, a loyal McDonald's Corp customer from Los Angeles, thinks the fast-food chain sells tasty food at reasonable prices and he cannot think of a quick fix that would help end the company's disappointing U.S. performance.

  • Some of the obvious titles include Benjamin Graham's "The Intelligent Investor," of course, one of the bibles of value investing and a favorite of gurus like Berkshire Hathaway's Warren Buffett.

  • LONDON, Feb 11- The Kazakh tenge lost almost a fifth of its value on Wednesday after the central bank devalued it, taking the wind out of the sails of speculators and weighing on other regional currencies including Ukraine's hryvnia.

  • *Fourth-quarter net profit $0.43/ share vs $0.34 year earlier. Feb 11- LPL Financial Holdings Inc, the largest U.S. independent broker-dealer, reported a higher-than-expected 20 percent rise in quarterly profit as it earned more from its advisory business and commissions.

  • Israeli startups dream of a Bitcoin world Tuesday, 11 Feb 2014 | 6:39 AM ET

    TEL AVIV, Feb 11- "Welcome to the new economy," boasts a sign at the entrance of the self-styled Bitcoin Embassy in the heart of Tel Aviv.

  • Feb 11- Canadian Solar Inc estimated a 75 percent rise in its fourth-quarter revenue, driven by a better-than-expected increase in solar module shipments. The company said revenue was expected to have risen to $510 million- $520 million in the quarter ended Dec. 31 from $294.8 million, a year earlier.

  • LPL Financial's quarterly profit rises 20 pct Tuesday, 11 Feb 2014 | 6:14 AM ET

    Feb 11- LPL Financial Holdings Inc, the largest U.S. independent broker-dealer, reported a 20 percent rise in quarterly profit, helped by higher commission and advisory revenue. The Boston- based company's net profit rose to $44.4 million, or 43 cents per share, in the fourth quarter ended Dec. 31 from $36.9 million, or 34 cents per share, a year earlier.

  • LONDON, Feb 11- Spot gold climbed to its highest in almost three months on Tuesday, as the dollar fell ahead of congressional testimony by new Federal Reserve chief Janet Yellen that could give clues on the pace of its stimulus tapering.

  • Chemical maker Huntsman posts fourth-quarter profit Tuesday, 11 Feb 2014 | 6:12 AM ET

    Feb 11- U.S. chemical maker Huntsman Corp posted a profit in the fourth quarter, helped by improved demand for pigments and polyurethanes used in foam insulation. The company's net income was $41 million, or 17 cents per share, in the quarter ended Dec. 31, compared with a loss of $40 million, or 17 cents per share, a year earlier. Revenue rose 3 percent to $2.71 billion.

  • MADRID, Feb 11- Spain's parliament will debate a bill on Tuesday to limit the power of judges to pursue international human rights cases, a day after Spanish arrest orders were issued for former Chinese officials accused of genocide in Tibet.

  • *F-35 costly, but a "number one prioriry"- Pentagon official. *Pentagon keeping close watch on Chinese investments.

  • ISTANBUL, Feb 11- A 22 billion euro project to build a third airport in Istanbul will be delayed for at least 10 months after a Turkish court sought further investigation into its environmental impact, a group challenging the project said.

  • *Hubei to be second Chinese emissions exchange to sell permits. BEIJING, Feb 11- China's Hubei province will auction up to 2 million carbon permits at a government-set minimum price next month to kick-start the nation's sixth pilot emissions trading scheme.