Latest Business News Wires - Business Headlines


  • LendingClub files for IPO Wednesday, 27 Aug 2014 | 1:40 PM ET

    Aug 27- LendingClub Corp, the world's largest online marketplace connecting borrowers and investors, filed with U.S. regulators for an initial public offering of common stock.

  • BRASILIA, Aug 27- Environmentalist Marina Silva would handily beat President Dilma Rousseff if Brazil's October election goes to a runoff, a poll showed on Wednesday, an outcome that seemed unimaginable just a few weeks ago and one that would put an end to 12 years of Workers' Party rule.

  • DETROIT, Aug 27- General Motors Co will shift production of its Cadillac SRX crossover vehicle from Mexico to its plant in Spring Hill, Tennessee, where the company once built vehicles for its defunct Saturn brand, the company and the United Auto Workers union said on Wednesday.

  • *Palladium- backed fund shows hefty outflow; prices up. NEW YORK/ LONDON, Aug 27- Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in U.S. equities.

  • *Cushing up 508,000 bbls- EIA. In its weekly report, the U.S. Energy Information Administration said U.S. crude oil stocks fell by a greater-than-expected 2.07 million barrels last week, but inventories at Cushing, the delivery point for U.S. crude futures, rose 508,000 barrels.

  • U.S. real estate company Paramount files for IPO Wednesday, 27 Aug 2014 | 1:07 PM ET

    The company listed BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities as underwriters.

  • Aug 27- Time Warner Cable Inc the No. 2 U.S. cable operator, reported a massive network outage that shut down Internet services to some 11 million customers on Wednesday, prompting New York state to launch an investigation.

  • Both Tiffany& Co and Express Inc rose after posting second-quarter revenue that topped expectations and raising their full-year profit views. On the downside, Chico's FAS Inc fell 3.2 percent to $15.51 after its results. Best Buy Co Inc was the S&P 500' s biggest percentage gainer, up 5 percent at $31.28, rebounding from a drop of 6.8 percent on Tuesday.

  • BUENOS AIRES, Aug 27- Argentina's government said on Wednesday its long-term plan was to bring all its sovereign debt governed by foreign law under Argentine legislation.

  • *Russia halted gas flows to Ukraine in June. KIEV, Aug 27- Ukraine warned Europe on Wednesday that Russia could cut off gas to the continent this winter, but Moscow responded that the supply of gas would continue regardless of politics.

  • Aug 27- Overheating worries at home are driving Canada's homebuilders south of the border where they buy up rural land, betting on a recovery in the U.S. suburban housing market even as many local players remain on the sidelines.

  • EU Commission tells France: time to speed up reforms. By Ingrid Melander and Jean-Baptiste Vey. JOUY-EN-JOSAS, France, Aug 27- French Prime Minister Manuel Valls launched a charm offensive on the corporate world on Wednesday, promising to speed reforms aimed at freeing up the economy and to make tens of billions of euros in tax cuts.


  • PARIS, Aug 27- The number of people without a job in France rose in July to yet another record in the latest setback to President Francois Hollande's efforts to get unemployment falling. The Labor Ministry said the jobless total in mainland France rose by 26,100 last month to 3,424,400, up 0.8 percent over one month and 4.3 percent over one year.

  • RIO DE JANEIRO, Aug 27- Brazil's new mining code, a flagship policy of President Dilma Rousseff first announced in 2009, is unlikely to be passed before next year and could be ditched entirely if the government changes in upcoming elections, industry insiders say.

  • NEW YORK, Aug 27- Dow Chemical Co has kicked off processes to sell two of its specialty chemicals subsidiaries that could fetch close to $2 billion combined, according to people familiar with the matter, part of its effort to divest several billion dollars worth of non-core assets by 2015..

  • Divergent monetary policies ruffle flat calm in FX markets Wednesday, 27 Aug 2014 | 12:32 PM ET

    *Months of calm in markets may be about to end. LONDON, Aug 27- Months of dead calm in financial markets that have crushed trading volumes and hit bank profits may be drawing to a close as currency investors gear up for volatility triggered by monetary policy shifts in major economies.

  • *Closures comes amid Russia-West tensions over Ukraine. MOSCOW, Aug 27- Russian courts on Wednesday backed the temporary closure of three McDonald's restaurants in Moscow for breaches of sanitary rules, amid a standoff with the West over Ukraine, while the state food safety watchdog suspended work at a fourth.

  • Traders are bracing for the start of the autumn harvest in the Midwest in the coming weeks, with growers in Louisiana and Mississippi already bringing in crops with high yields.

  • UPDATE 1-ECB hires BlackRock to help develop ABS plan Wednesday, 27 Aug 2014 | 12:21 PM ET

    BlackRock, the world's largest money manager, will provide advice on the design and implementation of a potential ABS purchase program, but all final decisions will be taken by the ECB itself, the spokesman said.