Latest Business News Wires - Business Headlines


  • Where Apple's stock-split leads, others may follow Thursday, 24 Apr 2014 | 3:52 PM ET

    Apple becomes the fourth member of the S&P 500 to announce a split in 2014.

  • *Russian troop movements along Ukraine border raise geopolitical tensions. NEW YORK, April 24- Rising tensions along the Russia/ Ukraine border on Thursday upstaged upbeat U.S. economic data and pulled the U.S. dollar off session highs against the euro and yen as risk aversion took precedence.

  • GM says facing multiple probes into recent recalls Thursday, 24 Apr 2014 | 3:41 PM ET

    GM said it is being investigated by the U.S. Attorney's Office for the Southern District of New York, the Securities and Exchange Commission, the National Highway Traffic Safety Administration, a state attorney general, and Congress.

  • *Ukraine asks Russia to explain military exercises. Treasury long bond yields fell for a third straight session on Thursday, as renewed tensions between Ukraine and Russia wiped out earlier gains posted after the release of positive economic numbers.

  • NEW YORK, April 24- Neovia Logistics LLC, a logistics services provider backed by industrial equipment conglomerate Caterpillar Inc, is exploring a sale that could value the company at more than $1 billion, according to people familiar with the matter.

  • WASHINGTON/ NEW YORK, April 24- A U.S. Senate committee is set to vote on April 29 on three nominees to the Federal Reserve's board of governors, the panel announced on Thursday in a step toward bulking up the depleted U.S. central bank.

  • WASHINGTON, April 24- The International Monetary Fund on Thursday said its board planned to meet on April 30 to consider an aid package for Ukraine, saying that Kiev had supplied the necessary documents to determine whether conditions for a bailout had been met.

  • EXCLUSIVE -Schwab withdraws lawsuits ban on clients Thursday, 24 Apr 2014 | 3:01 PM ET

    NEW YORK, April 24- Charles Schwab Corp has dropped a fight to require customers to waive their rights to participate in class action lawsuits, two sources said on Thursday.

  • SASKATOON, Saskatchewan, April 24- The Bank of Canada is more hopeful than before for the recovery of the country's exports but if exports do worse than expected, overall inflation will fall again and drift further from the target, Governor Stephen Poloz said on Thursday.

  • *Apple rallies a day after announcing 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- The Nasdaq rose modestly in choppy trade on Thursday as Apple's shares rallied a day after the iPad maker's strong results, though tensions in Ukraine held back the broader market.

  • *Russia launches army drills near Ukraine border. NEW YORK, April 24- Global equity markets rose in choppy trading on Thursday in the wake of strong earnings results from tech heavyweights Apple and Facebook, but worries about rising tensions in Ukraine limited gains and dragged the dollar lower.

  • WASHINGTON, April 24- The U.S. Senate Banking Committee appears likely to back a bill to wind down government-backed mortgage giants Fannie Mae and Freddie Mac, according to sources familiar with talks on the legislation.

  • DETROIT, April 24- General Motors Co's first-quarter profit tumbled 88 percent on Thursday due to the massive recall for defective ignition switches, and shares fell 1.3 percent after the company said expectations for the rest of the year must be trimmed.

  • *France, United Nations have spoken out against partition. BAMBARI, Central African Republic, April 24- In this dusty town at the heart of the Central African Republic, many angry Muslims advocate a simple solution to the threat of religious violence from Christian militias terrorising the country's south: partition.

  • *American, Southwest top expectations as JetBlue trails. April 24- American Airlines Group and Southwest Airlines posted profits that beat forecasts in the first quarter, even though harsh winter weather prompted many flight cancellations in the seasonally weak period.

  • UPDATE 1-Adidas shifts orders from striking China plant Thursday, 24 Apr 2014 | 1:54 PM ET

    SHANGHAI, April 24- Sportswear company Adidas AG is shifting some orders from a factory in south China that has been at the centre of one of the country's biggest labour strikes, underlining a rising challenge for companies operating in China, where an increasingly assertive workforce is pushing harder for its rights.

  • NEW YORK, April 24- A fire is still raging at Williams Companies Inc's natural gas processing plant in southwestern Wyoming, which exploded on Wednesday afternoon and disrupted regional supplies, the company and local emergency responders said On Thursday.

  • Consumer advocates sharply criticized Wheeler's draft after details leaked out on Wednesday, as he prepared to share his proposal with other FCC commissioners.

  • April 24- Aetna Inc said on Thursday its first few months under Obamacare turned out better than expected as it added new members not only on the exchanges but in its traditional large corporate business.

  • UNITED NATIONS, April 24- The United Nations Security Council asked for an urgent investigation on Thursday into the ethnic massacre of hundreds of people in South Sudan's oil hub Bentiu and expressed its willingness to "take additional measures" if there are more attacks on civilians.