Latest Business News Wires - Business Headlines


  • WASHINGTON, Nov 6- President Barack Obama's top healthcare adviser told a Senate oversight committee on Wednesday that delaying the healthcare reform law known as Obamacare is "not an option," despite the troubled rollout of the federal website, HealthCare.gov.

  • LONDON, Nov 6- Copper ticked higher on Wednesday for a second session as the dollar weakened and investors kept up hopes of extended U.S. monetary stimulus.

  • *Ralph Lauren climbs after earnings, dividend boost. The equity market was also buoyed by a host of initial public offerings, with six new issues expected to start trading Wednesday, a day ahead of the highly anticipated IPO of Twitter Inc. Barracuda Networks Inc shares jumped 27.1 percent to $22.88 early on its first trading day.

  • Italy sets final real coupon on linker at 2.15 pct Wednesday, 6 Nov 2013 | 10:30 AM ET

    MILAN, Nov 6- Italy set a final real coupon on a retail linker it sold for a total 22.27 billion euros on Tuesday and Wednesday at an annual 2.15 percent, the minimum level indicated before the sale started. The bond is tied to an Italian inflation index which stood at 0.8 percent in October.

  • EU Commission renews bid to unblock GMO crop approvals Wednesday, 6 Nov 2013 | 10:28 AM ET

    BRUSSELS, Nov 6- The European Commission proposed on Wednesday that governments approve only the third ever genetically modified crop for cultivation in Europe, but took steps to avert an expected backlash from France and other GMO opponents.

  • *Iraq oil minister, BP CEO visit Kirkuk oilfield. *Kirkuk governor pledges full support for BP deal. KIRKUK, Iraq, Nov 6- Iraq's oil minister and the chief executive of BP paid a rare visit to the northern Kirkuk oilfield on Wednesday to win over the local government before the UK major starts to revive the field, which straddles the border with autonomous Kurdistan.

  • Humana says it's expecting delay to exchange enrollment Wednesday, 6 Nov 2013 | 10:24 AM ET

    Nov 6- U.S. health insurer Humana Inc said on Wednesday that it expected a delay in the enrollment period for the state-based health exchanges and was waiting to hear from the government on how it will proceed after a rocky start to this marketplace.

  • *Treasury to conduct $70 billion refunding next week. NEW YORK, Nov 6- U.S. The Mortgage Bankers Association said U.S. mortgage applications fell in the latest week.

  • *Saudi Fransi advising HMG, GIB Capital assisting Almana-sources. DUBAI, Nov 6- Two of Saudi Arabia's largest private hospital groups will seek to list their shares on the kingdom's bourse next year, banking sources aware of the matter said, aiming to capitalise on investor interest in the fast-growing healthcare sector.

  • *1,775 job cuts to hit Portsmouth, Filton and Scotland. LONDON, Nov 6- Defence contractor BAE Systems plans to lay off 1,775 ship workers across the UK as the biggest warships Britain has ever built near completion with no similar-sized orders on the horizon.

  • U.S. economic activity gauge rises solidly in September Wednesday, 6 Nov 2013 | 10:07 AM ET

    WASHINGTON, Nov 6- A gauge of future U.S. economic activity increased in September, suggesting some momentum in the economy before last month's partial shutdown of the federal government. The Conference Board said on Wednesday that its Leading Economic Index rose 0.7 percent to 97.1 in September.

  • *Britain and Russia work on radio based systems. The British system, being trialed in the hectic shipping lanes past Dover and drawing interest from South Korea- after its northern neighbour jammed satellite systems- may tie up with parallel work underway in Russia, its developers say.

  • MADRID/ LONDON/ MILAN, Nov 6- Spain's Telefonica is set to agree on an overhaul of Telecom Italia finances, including a likely cash injection of up to 2 billion euros, as it tightens its grip on the group and eyes a sale of its Brazilian unit TIM in 2014, multiple sources familiar with the strategy said.

  • Nov 6- Total global commodity assets under management fell $10 billion to $343 billion in September from August, Barclays Capital said in a research note on Wednesday. Price declines offset a small net inflow of assets in September, Barclays said. AUM fell across all sectors and precious metals recorded the largest drop, $7 billion.

  • Cyber security company Barracuda's shares soar in debut Wednesday, 6 Nov 2013 | 9:59 AM ET

    Nov 6- Shares of Barracuda Networks Inc, a data storage and security company, rose as much as 31 percent in their trading debut, valuing the company at about $1.18 billion. Barracuda's shares opened at $22.20 and touched a high of $23.61 on the New York Stock Exchange on Wednesday.

  • Nov 6- Enbridge Inc, Canada's largest pipeline company, on Wednesday reported higher third-quarter earnings, with increased volumes on its crude pipelines offsetting higher costs. Excluding one-time items, profit rose 4 percent to C $278 million, or 34 Canadian cents per share, from C $267 million, or 34 Canadian cents a share, a year earlier.

  • Nov 6- Penn West Petroleum Ltd, one of Canada's biggest conventional oil producers, said it aimed to sell up to $2 billion of assets before 2015 as part of a plan to focus on projects centered on the Cardium field in Alberta.

  • NEW YORK, Nov 6- U.S. stocks opened higher on Wednesday after comments from a Federal Reserve official suggested the central bank may hold back on slowing its stimulus for longer than currently anticipated. The Dow Jones industrial average was up 48.00 points, or 0.31 percent, at 15,666.22. The Nasdaq Composite Index was up 13.93 points, or 0.35 percent, at 3,953.80.

  • LONDON, Nov 6- Global central banks are unlikely to take steps to make their currencies more competitive against the U.S. dollar whose current weakness should prove to be temporary, a Reuters poll found.

  • *Q3 EPS $0.43 v Street $0.43. Nov 6- Chesapeake Energy Corp, the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday compared with a loss a year earlier and said it expects to spend less as it drills fewer wells.

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