GO
Loading...

Latest Business News Wires - Business Headlines

More

  • WASHINGTON, Oct 28- The U.S. government sued AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data. The Federal Trade Commission said this throttling of Internet feeds was deceptive and that in some cases data speeds were slowed by nearly...

  • U.S. Steel loss narrowed in third quarter Tuesday, 28 Oct 2014 | 5:22 PM ET

    Oct 28- United States Steel Corp reported a narrower third-quarter loss on Tuesday as strong demand from the auto and building industries lifted demand for its products and supported prices. The Pittsburgh- based steelmaker posted a third-quarter net loss of $207 million, or $1.42 a share, compared with a loss of $1.79 billion, or $12.38 a share, during the...

  • LIMA, Oct 28- Indigenous protesters took control of a small airport in the Peruvian Amazon near the country's biggest oil block, tribal leaders said on Tuesday, part of a dispute with Argentine energy firm Pluspetrol and the government over pollution and use of local resources. The airport, in the district of Andoas in Peru's northern region of Loreto, was...

  • SAN FRANCISCO, Oct 28- Videogame publisher Electronic Arts Inc raised its 2015 forecast and reported stronger-than-expected second-quarter results on Tuesday, on cost controls and strong digital sales from titles including "FIFA" and "Madden." The Redwood City, California- based company said it expects $4.18 billion in non-GAAP revenue and non-GAAP net...

  • SAN FRANCISCO, Oct 28- Facebook Inc's mobile ads powered the social network past Wall Street revenue targets in the third quarter, even as the company revealed deep losses in its recently acquired WhatsApp business. "They continue to show that there is a lot of demand for their product, both in terms of users wanting to spend time there and advertisers wanting to...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • CANADA STOCKS-TSX climbs as resource prices rise Tuesday, 28 Oct 2014 | 4:56 PM ET

    TORONTO, Oct 28- Canada's main stock index rose more than 1 percent on Tuesday, with higher crude and other commodity prices helping boost energy and mining companies as investors returned to buying after a sharp sell-off in recent weeks. Suncor Energy Inc was the biggest positive driver, adding 2.2 percent to C $39, while Canadian Natural Resources Ltd gained...

  • Oct 28- Hard-disk drive maker Western Digital Corp reported better-than-expected quarterly profit and revenue as businesses spent more upgrading computers or buying storage for servers and data centers. Western Digital earned $2.10 per share, adjusting for items, in the first quarter ended Oct. 3. More businesses in the United States and Europe upgraded...

  • DETROIT, Oct 28- AutoNation Inc shares on Tuesday jumped nearly 7 percent after the company exceeded Wall Street expectations with a 15 percent increase in third-quarter earnings and its chief executive said U.S. auto sales will continue to rise in 2015.. Standard and Poor's on Tuesday raised AutoNation stock to "buy" from "hold" and increased its 12- month target...

  • NEW YORK, Oct 28- The U.S. and Securities Exchange Commission on Tuesday added more than a dozen relatives of Texas businessmen Sam and Charles Wyly to a long-running securities fraud lawsuit against the brothers to bolster its efforts to collect some $300 million. The filing was expected, as the SEC and the relatives continue to dispute whether hundreds of...

  • WINNIPEG, Manitoba, Oct 28- Barring a sudden pile-up of grain across Western Canada in the next five weeks, Ottawa will lift requirements that railways move minimum volumes of crops, Agriculture Minister Gerry Ritz said in an interview. Ottawa responded with regulations forcing railways to move about 1 million tonnes per week combined. If Ottawa lifts its...

  • Oct 28- Engility Holdings Inc, a U.S. government contractor, said it would buy privately held TASC, a provider of professional services, for about $1.1 billion, including debt. Engility, which provides skilled personnel services to the U.S. Department of Defense and Department of Justice among others, said the combined company would generate revenue of about $2.5...

  • SAN FRANCISCO, Oct 28- Video game publisher Electronic Arts Inc reported better-than-expected revenue and profit for its fiscal second quarter on Tuesday, driven by strong digital sales from titles such as "FIFA" and by cost controls. Non-GAAP net income rose to $232 million, or 73 cents per share, from $105 million, or 33 cents per share, a year ago.

  • The world's biggest eyewear maker last week announced that veteran Procter& Gamble manager Adil Mehboob-Khan would be chief executive together with longtime Luxottica manager Massimo Vian. The departures undermined Luxottica's reputation as one of the rare family-owned European companies that had successfully handed management to independent...

  • WASHINGTON, Oct 28- T-Mobile US Inc warned on Tuesday that its torrid growth rate in subscribers fueled by aggressive promotions would slow in the fourth quarter along with billings per customer. T-Mobile, which is controlled by Germany's Deutsche Telekcom, also said it expects a 2.5 percent dip in average revenue per user. You can't lose sight of the underlying...

  • Western Digital quarterly revenue rises 4 pct Tuesday, 28 Oct 2014 | 4:23 PM ET

    Oct 28- Hard-disk drive maker Western Digital Corp reported a 4 percent rise in first-quarter revenue, helped by higher demand for storage products from businesses. The company's net income fell to $423 million, or $1.76 per share, in the quarter ended Oct. 3, from $495 million, or $2.05 per share, a year earlier as sales and marketing costs rose by about 67 percent.

  • SAN FRANCISCO, Oct 28- Facebook Inc grew revenue by 59 percent in the third quarter, edging past Wall Street targets, as the online social network saw strong demand for its mobile ads. Shares of Facebook, which are roughly up 47 percent this year, were flat from their closing price of $80.77 in extended trading on Tuesday. Facebook said revenue in the three months...

  • Electronic Arts revenue rises in 2nd quarter Tuesday, 28 Oct 2014 | 4:14 PM ET

    SAN FRANCISCO, Oct 28- Video game publisher Electronic Arts Inc reported higher revenue for the second quarter on Tuesday, driven by robust digital sales and cost control.

  • Facebook Q3 revenue rises 59 percent Tuesday, 28 Oct 2014 | 4:10 PM ET

    SAN FRANCISCO, Oct 28- Facebook Inc's revenue rose 59 percent in the third quarter as the social networking service saw strong demand for its mobile ads.

  • WASHINGTON, Oct 28- U.S. officials on Tuesday urged corporate America to work with the government to fend off cyber threats and said intelligence and law enforcement authorities are working to get useful information to companies about potential attacks. The FBI has presented more than three dozen classified, sector-specific threat briefings to companies...