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Latest Business News Wires - Business Headlines

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  • April 24- Visa Inc, the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. President Barack Obama imposed sanctions on Russia in March after a standoff over Ukraine.

  • SAN FRANCISCO, April 24- Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.

  • *America Movil takes operational control of Telekom Austria. VIENNA/ MEXICO CITY April 24- Mexican tycoon Carlos Slim plans to use Telekom Austria as a base to build up his presence in European telecoms after sealing a deal with the Austrian state to take control of the company.

  • NEW YORK, April 24- Corporate America is letting the sun shine in on second-quarter profit outlooks, raising hope that the first quarter's storms are past.

  • April 24- The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News. CNBC News reported that Bank of America's mortgage securities settlement could exceed $10 billion.

  • WASHINGTON, April 24- U.S. transportation regulators will propose a "comprehensive rulemaking package" next week to address standards for tank cars that carry volatile crude oil on the nation's railroads. "The proposal will include options for enhancing tank car standards," a Department of Transportation official said in an email to Reuters.

  • April 24- Privately owned activist fund Relational Investors LLC disclosed a 9.08 percent stake in Clean Harbors Inc, saying the hazardous waste manager is "undervalued," according to a regulatory filing.

  • SAO PAULO, April 24- Big Internet companies were the clear winners at a global conference hosted by Brazil on the future management of the Web where most participants agreed it should remain a self-regulated space free of government intervention.

  • NEW YORK, April 24- A fire was still raging at Williams Companies Inc's natural gas processing plant in southwestern Wyoming on Thursday, a day after an explosion rocked the site, disrupting supplies in a hub in the Rockies. With the length of the outage unknown, traders said the cash natural gas basis in the Western United States was stronger on Thursday.

  • SAN FRANCISCO, April 24- Amazon.com Inc, the largest U.S. online retailer, said global growth in unit sales during the first three months of the year slowed to 23 percent from the previous quarter. The e-commerce giant's year-over-year unit sales, a closely watched measure of how many items Amazon has sold, has slowed considerably over the last two years.

  • NEW YORK, April 24- The U.S. Department of Transportation said on Thursday it will make a set of proposals next week that includes options for enhancing tank car standards.

  • NEW YORK/ WASHINGTON, April 24- The Senate Banking Committee will vote next week on three nominees to the Federal Reserve's board, including Stanley Fischer for vice chairman, in a big step toward bulking up the U.S. central bank's depleted ranks. Treasury official Lael Brainard and current Fed Governor Jerome Powell, who has been nominated for another term.

  • SASKATOON, Saskatchewan, April 24- Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut is just as possible as a hike because the economic outlook is so uncertain.

  • DEPARTMENT OF TRANSPORT SAYS TO PROPOSE ENHANCING RAIL TANK CAR STANDARDS NEXT WEEK.

  • WASHINGTON, April 24- In an unusual move, three top officials with the U.S. Federal Trade Commission on Thursday voiced their opposition to laws that ban automakers such as Tesla Motors Inc from selling their cars directly to consumers. Such laws are currently in place in Arizona, Maryland, New Jersey, Texas and Virginia.

  • April 24- Cliffs Natural Resources Inc, which is facing off against an activist investor that wants to break up the company, posted a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal.

  • SAN FRANCISCO, April 24- Broadcom Corp beat Wall Street expectations in the first quarter, although profit and revenue were lower than a year earlier as the company's high-end chips for smartphones faced fierce competition in China. Underscoring those concerns, Broadcom's revenue guidance for the June quarter was slightly below some analyst expectations.

  • *Second-quarter adjusted profit $2.20/ Class A share vs est. April 24- Visa Inc, the world's largest credit and debit card company, said its revenue growth would slow this quarter due to a strong U.S. dollar, sending the company's shares down about 3 percent in extended trading.

  • UPDATE 2-Microsoft beats Wall Street on new CEO debut Thursday, 24 Apr 2014 | 5:36 PM ET

    SEATTLE, April 24- Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales.

  • SANTIAGO, April 24- A stalemate between the United States and Japan on farm and auto markets in Pacific trade talks is locking all the participants in a "waiting game," Chile's head of international economic relations said on Thursday.