Latest Business News Wires - Business Headlines


  • U.S. WCoast Products - Gasoline gains on small build Wednesday, 20 Aug 2014 | 8:18 PM ET

    HOUSTON, Aug 20- California gasoline's premium gained 3 cents on Wednesday after the U.S. government reported a smaller than expected increase in West Coast gasoline inventory, traders said. The U.S. Energy Information Administration said West Coast gasoline supply rose 101,000 barrels last week to 27.1 million barrels.

  • Aug 20- Brazil's BM&FBovespa SA stock exchange said Wednesday night that it had agreed to join a tax amnesty program to partially pay down a debt with the Revenue Service related to the company's 2007 initial public share offering.

  • DIARY - Emerging Markets Economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:02 PM ET

    Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.

  • DIARY - Top economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:01 PM ET

    GUELPH- Canadian Finance Minister Joe Oliver will speak to reporters before a business roundtable in Guelph, Ontario- 1800 GMT. WYOMING, United States- European Central Bank President Mario Draghi to speak on "Reevaluating Labor Market Dynamics" in Jackson Hole, Wyoming- 1830 GMT. STOCKHOLM- Meeting of the General Council of the Riksbank.

  • JUNEAU, Alaska, Aug 20- Alaskan voters appear to have narrowly upheld a new law that cut taxes on oil production and is worth up to $1 billion a year for companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp, according to results available on Wednesday.

  • *KKR& Co and TPG Capital in rival $3.1 bln takeover bids. SYDNEY, Aug 21- Australia's Treasury Wine Estates Ltd, the world's No. 2 winemaker, swung to its first annual net loss and missed analysts' forecasts as the takeover target grappled with massive oversupply in its U.S. arm and sales fell globally.

  • BRASILIA, Aug 20- Environmentalist Marina Silva officially launched a bid for president on Wednesday, upending Brazil's October elections and threatening the ruling Workers' Party's 12- year hold on power.

  • SAO PAULO, Aug 20- Thrust by tragedy into the center of Brazil's presidential race, environmentalist Marina Silva is riding a groundswell of anti-establishment anger but her chances hinge on expanding her coalition and winning over mainstream voters and business leaders.

  • NEW YORK, Aug 20- JPMorgan Chase& Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said. Junior bankers at Bank of America Corp will also receive a raise of at least 20 percent, according to a person familiar with the matter.

  • FACTBOX-Marina Silva's economic proposals for Brazil Wednesday, 20 Aug 2014 | 7:33 PM ET

    Aug 20- Brazilian presidential candidate Marina Silva has little experience with economic policy, but her advisers promise a more orthodox, business-friendly approach than leftist President Dilma Rousseff has taken.

  • *Dollar index races to fresh 11- month highs. *China flash PMI survey next in focus. SYDNEY, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.

  • Brazil's Marina Silva accepts nomination for president Wednesday, 20 Aug 2014 | 7:18 PM ET

    BRASILIA, Aug 20- Environmentalist Marina Silva accepted the nomination of the Brazilian Socialist Party on Wednesday, launching a bid for president that has shaken up the campaign for Brazil's Oct. 5 election and threatens the re-election of President Dilma Rousseff.

  • Two Russian rocket engines arrive in U.S. as planned -ULA Wednesday, 20 Aug 2014 | 6:56 PM ET

    WASHINGTON, Aug 20- Two Russian-built rocket engines arrived in the United States on Wednesday aboard a giant Antonov cargo plane despite fears that tensions between the United States and Russia could disrupt the supply of engines needed to launch U.S. satellites into space.

  • *Ebola death toll rises to 1,350 in West Africa. MONROVIA, Aug 20- Police in the Liberian capital fired live rounds and tear gas on Wednesday to disperse a stone-throwing crowd trying to break an Ebola quarantine imposed on their neighbourhood, as the death toll from the epidemic in West Africa hit 1,350..

  • NEW YORK, Aug 20- A former merchandising executive at teen apparel retailer Aeropostale Inc was sentenced to eight years in prison on Wednesday after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

  • Aug 20- The U.S. attorney's office in Los Angeles is preparing a lawsuit against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, and up to 10 other employees, Bloomberg reported, citing two people with knowledge of the matter.

  • SAN FRANCISCO, Aug 20- Hewlett-Packard Co posted a surprise increase in quarterly revenue after sales from its personal computer division climbed 12 percent, but a flat to declining performance from its other units underscored the company's uphill battle to revive growth.

  • US preparing suit against Countrywide CEO - Bloomberg Wednesday, 20 Aug 2014 | 6:20 PM ET

    Aug 20- The U.S. attorney's office in Los Angeles is preparing a lawsuit against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, and up to 10 other employees, Bloomberg reported, citing two people with knowledge of the matter.

  • Aug 20- Just over a quarter of Detroit's $5.2 billion of outstanding water and sewer revenue bonds were returned to the city for repurchase on Wednesday, 24 hours before the tender offer was due to expire.

  • UPDATE 1-Carlyle-backed Axalta Coating files for IPO Wednesday, 20 Aug 2014 | 6:07 PM ET

    Aug 20- Axalta Coating Systems Ltd, a paint coatings company backed by buyout firm Carlyle Group LP, filed with U.S. regulators on Wednesday for an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.