Latest Business News Wires - Business Headlines


  • WASHINGTON, Oct 31- Senate Republicans on Thursday blocked President Barack Obama's nominee to oversee mortgage finance giants Fannie Mae and Freddie Mac, possibly derailing his chances of securing position.

  • The output, from the same footprint at Boeing's 737 factory in Renton, Washington, will not only boost Boeing's cash pile, it will give the company more delivery slots to sell to airlines who want new, fuel-efficient planes sooner.

  • Oct 31- Norman Pearlstine is leaving Bloomberg LP to return to Time Inc in the newly created position of executive vice president and chief content officer as the magazine publisher moves to split with Time Warner Inc.. The return of Pearlstine to Time Inc is a homecoming for the man who was the company's editor-in-chief from 1994 through 2005..

  • RIO DE JANEIRO/ SAO PAULO, Oct 31- Brazilian tycoon Eike Batista's oil company OGX Petróleo e Gas Participações SA agreed on Thursday to sell its 67 percent stake in its natural gas unit for 344 million reais, the day after it filed for bankruptcy protection.

  • UPDATE 3-Avon's turnaround stalls; shares plummet Thursday, 31 Oct 2013 | 12:50 PM ET

    Oct 31- Avon Products Inc's quarterly sales slipped, missing forecasts and sending its shares plummeting as investors questioned whether its turnaround plan was working.

  • MEXICO CITY, Oct 31- Mexico's Senate on Thursday made new cuts to a tax reform plan that President Enrique Pena Nieto proposed to increase the nation's anemic tax take before sending the bill back to the lower house of Congress for final approval.

  • NEW YORK, Oct 31- U.S. stocks barely budged on Thursday as investors exercised caution in the wake of the Federal Reserve's policy announcement and some encouraging economic data.

  • Senate Republicans block Obama nominee for housing post Thursday, 31 Oct 2013 | 12:43 PM ET

    WASHINGTON, Oct 31- Senate Republicans on Thursday blocked President Barack Obama's nominee to oversee mortgage finance giants Fannie Mae and Freddie Mac. The defeat on a procedural vote for the nominee, Democratic Representative Mel Watt of North Carolina, came despite an aggressive White House push in the past few days to round up support.

  • However, the survey of 49 state regulators released by the North American Securities Administrators Association showed that funds returned to investors fell to $696 million from $2.2 billion a year earlier.

  • *Cocoa rises as investors seize on low prices. Cocoa futures on both ICE and Liffe were firm but trading within the range of recent sessions. The contract has dropped around 26 percent in 2013 so far, making it the second weakest performer, next to Chicago Board of Trade corn, on the Thomson Reuters/ CoreCommodity CRB index, a global benchmark for commodities.

  • Oct 31- Apparel retailer Jos. A. Bank Clothiers said it would consider raising its $2.3 billion offer for Men's Wearhouse Inc if the larger rival opens its books. A. Bank shares fell 5 percent, while Men's Wearhouse shares were down 7 percent in noon trading.

  • UPDATE 7-Brent oil slips, spread narrows on profit taking Thursday, 31 Oct 2013 | 12:36 PM ET

    *Libya hikes pay for oil sector workers. NEW YORK, Oct 31- Brent crude futures slid by more than $1 on Thursday, reversing the previous session's gains, as traders took profit and turned their focus to the end of the U.S. refinery maintenance season, expected to boost demand for U.S. crude.

  • NEW YORK, Oct 31- Asset manager Invesco Ltd said on Thursday that its third-quarter profit rose 34 percent as strong net inflows, primarily in its retail business, helped boost assets. Assets under management at Invesco grew by $39.9 billion during the quarter to total $745.5 billion at the end of September, a 12.4 percent increase from a year earlier.

  • SAO PAULO, Oct 31- Brazil's Embraer SA posted an unexpected drop in quarterly profit on Thursday due to delayed aircraft deliveries, but the world's third-largest commercial planemaker stood by its 2013 forecasts on hopes for a strong fourth quarter.

  • BERLIN, Oct 31- The U-S.-led shale boom will have a lasting impact on global energy prices and push crude oil prices down to $80 a barrel, according to an analysis by Germany's BND intelligence agency obtained by Reuters on Thursday.

  • *Third-quarter adj EPS $0.31/ shr vs est $0.25. Oct 31- Canada's Resolute Forest Products Inc reported a better-than-expected profit for the fourth straight quarter as demand for its pulp products improved, sending its shares up 15 percent in early trade.

  • WASHINGTON, Oct 31- The world's largest retailer Wal-Mart Stores Inc on Thursday announced three new manufacturing projects by suppliers in the United States to produce footwear, curtains and glassware as part of a broader commitment to "buy American." Bill Simon, Wal-Mart's U.S. president and CEO, made the announcement with U.S.

  • *Euro notches largest one-day percentage loss since April 17. NEW YORK, Oct 31- The euro fell for a fourth straight session against the dollar on Thursday, tumbling to a two-week low as data showing euro zone inflation cooled to its weakest in nearly four years raised speculation the European Central Bank may further ease monetary policy.

  • LONDON, Oct 31- Rebekah Brooks and Andy Coulson, two former editors of Rupert Murdoch's now defunct News of the World tabloid, were having an affair at the time their reporters are accused of hacking into phones, a court heard on Thursday.

  • OTTAWA, Oct 31- Consumers may join class action lawsuits against Microsoft Corp and Infineon Technologies AG over allegations of unfair pricing for computer products, the Supreme Court of Canada ruled on Thursday. The Supreme Court, in linked decisions on Microsoft and Infineon, certified separate class actions against the companies.

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