Latest Business News Wires - Business Headlines


  • WASHINGTON, Oct 30- The Obama administration expressed concern on Wednesday that Republicans may block a vote in the U.S. Senate on the nomination of the president's choice to regulate mortgage finance firms Fannie Mae and Freddie Mac.

  • NEW YORK, Oct 30- Biofuel and oil industry lobbyists have raced to the White House over the past two weeks in a last-ditch effort to sway controversial ethanol blending rules for next year, fueling talk of that a decision may be just a few weeks away.

  • Sins of past, present and future haunt banks Wednesday, 30 Oct 2013 | 8:01 PM ET

    LONDON, Oct 31- The cost to banks of cleaning up past misdeeds has soared over $100 billion and is leaving lenders running scared from areas that put them in potential danger of upsetting regulators.

  • *Britain to make company ownership register public. *Britain acting alone, hopes others will follow its lead. LONDON, Oct 31- British Prime Minister David Cameron is set to announce on Thursday that he will make public a new database of company ownership details designed to expose international money laundering and tax evasion schemes.

  • U.S. spy agency's defense: Europeans did it too Wednesday, 30 Oct 2013 | 7:49 PM ET

    WASHINGTON, Oct 30- The political uproar over alleged U.S. eavesdropping on close European allies has produced an unusual defense from the National Security Agency: NSA says it was the Europeans themselves who did the spying, and then handed data to the Americans.

  • SAN FRANCISCO, Oct 30- The National Security Agency has tapped directly into communications links used by Google and Yahoo to move huge amounts of email and other user information among overseas data centers, the Washington Post reported on Wednesday.

  • *NBC/ WSJ poll shows Obama approval rating at new low. BOSTON/ WASHINGTON, Oct 30- President Barack Obama said on Wednesday that "bad apple" insurance companies, not his signature healthcare law, are to blame for hundreds of thousands of people losing their coverage in the past few weeks.

  • Australia's Bega wins regulator nod for WCB bid Wednesday, 30 Oct 2013 | 7:34 PM ET

    SYDNEY, Oct 31- Australia's competition regulator said on Thursday it would not block a bid for Warrnambool Cheese and Butter Factory Company Holdings Ltd by domestic rival Bega Cheese Ltd, enabling Bega to re-enter the international battle for the dairy company.

  • RIO DE JANEIRO, Oct 30- Brazil's BM&F Bovespa, operator of the São Paulo stock exchange, said late on Wednesday that it would remove oil company OGX Petróleo e Gas Participações SA from its various stock indices but that the shares, after a brief suspension on Thursday, would continue to trade.

  • U.S. meat-labeling law, a WTO issue, now farm bill target Wednesday, 30 Oct 2013 | 7:27 PM ET

    WASHINGTON, Oct 30- Members of a select House-Senate panel on Wednesday targeted for potential repeal a U.S. meat-labeling law that Mexico and Canada have challenged as a violation of world trade rules, and that U.S. meatpackers also oppose. Congress approved meat-origin labeling in 2002, but it did not become mandatory until 2009..

  • SYDNEY, Oct 31- The dollar hovered near a two-week high against a basket of major currencies early in Asia on Thursday, having extended gains after the Federal Reserve kept its massive bond-buying stimulus in place in a widely expected decision.

  • WASHINGTON, Oct 30- Top Obama administration officials have been pushing U.S. lawmakers hard to hold off on new sanctions over Iran's nuclear program, but some key lawmakers said on Wednesday they had not yet been convinced to support a delay.

  • WASHINGTON, Oct 30- The United States reprimanded Germany on Wednesday, saying its exporting prowess was hampering economic stability in Europe and hurting the global economy. The Obama administration has long called for countries with trade surpluses, such as Germany and China, to do more to spur domestic demand.

  • UPDATE 1-Expedia quarterly profit beats; shares soar Wednesday, 30 Oct 2013 | 7:05 PM ET

    Oct 30- Online travel agency Expedia Inc reported a third-quarter profit that beat Wall Street estimates and said business referrals from review site TripAdvisor Inc. have improved, sending its shares up 18 percent in extended trading. Online travel agencies such as Expedia and Priceline.com depend heavily on leads from TripAdvisor.

  • LONDON, Oct 30- JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday, and Bloomberg reported Citigroup Inc had done the same with its chief dealer.

  • Oct 30- Newmont Mining Corp said on Wednesday its Akyem project in Ghana and its Phoenix Copper Leach project in Nevada have achieved commercial production on schedule and on budget.

  • SYDNEY, Oct 31- Asian markets appeared headed for some brief turbulence on Thursday after the U.S. Wall Street stocks slipped and Treasury yields popped higher after the U.S. central bank kept its $85 billion- a-month stimulus plan intact but did not sound quite as alarmed about the state of the economy as some had anticipated.

  • LIMA, Oct 30- Peruvian precious metals miner. its net income fell 65 percent to $65.1 million in the third quarter from the same period a year earlier. Buenaventura is Peru's largest publicly traded mining company.

  • Molina Healthcare forecasts weak 2013 on higher expenses Wednesday, 30 Oct 2013 | 6:45 PM ET

    Oct 30- Molina Healthcare Inc forecast a full-year profit below market estimates, citing higher administrative expenses related to the Affordable Care Act and delays in patient enrollments due to the uncertainties in its rollout.

  • Senator Bob Corker, the top Republican on the Senate Foreign Relations Committee and a member of the Senate Banking Committee, which is considering the sanctions package, said lawmakers were skeptical because they felt they had to push the White House to back strict sanctions on Tehran.

Most Popular Video

Wednesday, 16 Apr 2014 | 11:11 PM ET

Vasu Menon, VP, Group Wealth Management at OCBC Bank, describes why Asian shares are mixed on Thursday despite dovish comments from the Fed overnight.

Wednesday, 16 Apr 2014 | 9:13 PM ET

Ha Jiming, Vice Chairman, China at Goldman Sachs Private Wealth Management, says China needs structural reforms that can correct imbalances in its economy.

Wednesday, 16 Apr 2014 | 8:55 PM ET

Frank Appel , CEO at Deutsche Post DHL, sees "higher chances than risks" for its business in the mainland despite recent data pointing to a slowdown.