Latest Business News Wires - Business Headlines


  • 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.

  • Nov 6- U.S. oil and gas producer Devon Energy Corp posted a higher-than-expected quarterly profit on Wednesday, helped by a jump in production from properties in the Permian basin of Texas and a rise in commodity prices.

  • *Ralph Lauren climbs after earnings, dividend boost. John Williams, president of the San Francisco Federal Reserve Bank, said Tuesday the Fed should wait for stronger evidence of economic momentum before pulling back on its massive bond-buying program, but should then announce a definitive end to the stimulus.

  • WASHINGTON, Nov 6- The U.S. "Treasury intends to maintain coupon issuance sizes at current levels over the coming quarter," Treasury Assistant Secretary Matt Rutherford said in a statement. In his statement, Rutherford urged Congress to increase a legal limit on government borrowing "well before" Feb. 7, when the current debt cap is due to expire.

  • NEW YORK, Nov 6- The euro rose broadly on Wednesday after stronger-than-expected German industry orders affirmed expectations the European Central Bank won't cut interest rates this week despite a steep fall in inflation.

  • MILAN, Nov 6- Italy raised a record 22.3 billion euros from the sale of an inflation-linked four-year bond that was wrapped up on Wednesday, with institutional players snapping up paper aimed at small investors. This figure is due to rise, possibly posing a refinancing challenge, as Italy issues three-year bonds next year and two-year paper in 2015..

  • Record retail debt sale lifts Italian bonds as ECB eyed Wednesday, 6 Nov 2013 | 9:04 AM ET

    *Italy to close inflation-linked bond retail sale early. *Sale seen easing Italy funding pressure. Italy raised just over 22 billion euros with a sale of 4- year debt.

  • ABIDJAN, Nov 6- France's Total with partners Anadarko and Canada's CNR will spend up to $300 million to drill exploration wells on three offshore blocks in Ivory Coast in 2014, the head of Total's local unit said on Wednesday.

  • COLUMN-New commissioners open CFTC to change: Kemp Wednesday, 6 Nov 2013 | 9:00 AM ET

    LONDON, Nov 6- The U.S. Commodity Futures Trading Commission is in for its biggest shake up since the financial crisis as two of its most experienced members and strongest proponents of tougher regulation prepare to step down.

  • Nov 6- Ralph Lauren Corp on Wednesday raised the low end of its full-year sales forecast on the expectation of strong gains during the holiday quarter, and the designer clothing company increased its dividend. Shares of Ralph Lauren rose 2.2 percent to $175 in premarket trading.

  • RIO DE JANEIRO/ SAO PAULO, Nov 6- OSX Brasil SA, the Brazilian shipbuilder controlled by former billionaire Eike Batista, is considering seeking court protection from creditors as early as Wednesday, three sources with direct knowledge of the plans told Reuters.

  • UPDATE 2-Egyptian court upholds Muslim Brotherhood ban Wednesday, 6 Nov 2013 | 8:41 AM ET

    *Another blow to debilitated movement. CAIRO, Nov 6- Egypt's Muslim Brotherhood failed in an attempt on Wednesday to overturn a court ruling banning it, the state news agency said, another blow to the debilitated Islamist movement.

  • Nov 6- Duke Energy Corp, the largest U.S. power company, posted a lower-than-expected quarterly profit on Wednesday, primarily due to wet, cool weather in North and South Carolina that reduced demand for air conditioning. Third-quarter net income was $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, a year earlier.

  • Nov 6- U.S. health insurer Humana Inc on Wednesday said it expected earnings to decline next year because of spending on the new health exchanges and on the Medicaid program for the poor. Humana and its competitors began selling insurance plans to individuals on Oct. 1 on state-based exchanges created under the national healthcare reform law.

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