Latest Business News Wires - Business Headlines


  • NEW YORK, April 23- U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. Based on the latest available data, the Dow Jones industrial average fell 12.72 points or 0.08 percent, to end unofficially at 16,501.65.

  • *Heavy stop-loss orders possible if $1,275 support breached. NEW YORK/ LONDON, April 23- Gold prices edged up on Wednesday, holding above a technical stronghold at $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said.

  • NEW YORK, April 23- Ever since they were badly burned in the 2008-2009 stock and bond debacle, investors have been pouring money into so-called "alternative" mutual funds, often at the behest of financial advisers who say those funds will protect them from the fire next time.

  • Carlos Slim and Austria sign Telekom Austria deal Wednesday, 23 Apr 2014 | 3:54 PM ET

    VIENNA, April 23- Carlos Slim and the Austrian government signed a deal to pool their stakes in Telekom Austria, the telecoms operator said, paving the way for Slim to take control of the company.

  • Vermont lawmakers send GMO food-labeling law to governor Wednesday, 23 Apr 2014 | 3:51 PM ET

    April 23- A law that would make Vermont the first U.S. state to enact mandatory labeling of foods made with genetically modified organisms, or GMOs, received final approval from state lawmakers on Wednesday and now heads to the governor's desk.

  • NEW YORK, April 23- The U.S. Securities and Exchange Commission on Wednesday won an asset freeze against a former Banco Santander SA executive it accused of insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc..

  • NEW YORK, April 23- My family's contribution to the $15 billion annual allergy business tallies up to well over $100 a month, but our costs- like many people's- are adding up differently this year.

  • UPDATE 8-Oil futures slip on record U.S. oil inventories Wednesday, 23 Apr 2014 | 3:26 PM ET

    *U.S. oil stocks hit record high, Cushing draw supports. *Ukraine says truce is over, Russia says will respond. NEW YORK, April 23- Crude oil futures slipped on Wednesday after weekly data showed U.S. crude inventories hit a record high, though Brent managed to settle above $109 on support from the ongoing crisis in Ukraine.

  • Federal Communications Commission Chairman Tom Wheeler on Wednesday said he plans to circulate his proposed rules among other commissioners on Thursday, teeing them up for a vote at the FCC's May 15 meeting. That issue was recently brought into the spotlight by a tussle between video streaming service Netflix Inc and cable company Comcast Corp.

  • AOL, Microsoft lure advertisers with TV-style shows Wednesday, 23 Apr 2014 | 3:21 PM ET

    NEW YORK/ LOS ANGELES, April 23- Technology powerhouses like Microsoft Corp and AOL Inc are flexing their muscles as storytellers, parading TV network-style shows before advertisers at an annual digital content showcase in New York next week.

  • *Wall Street edges lower after six-day S&P rally. In Europe, rising worries over Ukraine also weighed, offsetting data that showed Germany continued to power the euro zone's recovery. Strong results from Boeing failed to inspire Wall Street investors to keep pushing equities higher.

  • WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.

  • BOSTON, April 23- The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans' personal medical records and health insurance data. FBI spokeswoman Jenny Shearer declined comment on the private industry notification, or PIN.

  • GE names new lead independent director Wednesday, 23 Apr 2014 | 3:07 PM ET

    April 23- General Electric Co named John Brennan as its lead independent director, succeeding Ralph Larsen, who retires on Wednesday. Brennan will also be the chairman of GE's management development and compensation committee, the company said in a filing with the U.S. Securities and Exchange Commission.

  • WASHINGTON, April 23- Environmental groups urged the United States on Wednesday to drop a challenge to India's massive solar program and said the World Trade Organization case would only hurt the growth of renewable energy resources.

  • NEW YORK, April 23- Goldman Sachs Group Inc, JPMorgan Chase& Co, the London Metal Exchange and warehouse operators want a judge to throw out lawsuits saying that from May 2009 they conspired to reduce the supply and increase the price of aluminum.

  • *FDI fell to $3 billion in year to June 2013. CAIRO, April 23- A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.

  • Boeing's report "gives much more confidence about the ability to return cash," said Ken Herbert, an analyst at Canaccord Genuity Inc.. Boeing spent nearly $3 billion in the first quarter to buy back some 19 million shares and pay dividends, most of the expected amount for the year, according to analysts.

  • ROME/ MILAN, April 23- An Italian union said on Wednesday that it is willing to enter negotiations to help to meet conditions set by Etihad Airways for investing in Alitalia after talks between the airlines stalled over debt and job cuts.

  • Sony to enter real estate business- Nikkei Wednesday, 23 Apr 2014 | 2:32 PM ET

    April 24- Sony Corp will branch out into the real-estate business in August and plans to take the unit public in three years, the Nikkei reported without citing a source. Sony recently set up a real-estate unit in Tokyo, with the aim of generating annual sales of 50 billion yen in five years, the newspaper said.