Latest Business News Wires - Business Headlines


  • Feb 14- Enbridge Inc, Canada's largest pipeline company, reported a lower-than-expected adjusted profit in the fourth quarter, mainly due to losses on hedging contracts. Enbridge posted a net loss of C $267 million, or 32 Canadian cents per share, compared with a profit of C $146 million, or 18 Canadian cents per share, a year earlier.

  • Campbell Soup profit rises 71 pct Friday, 14 Feb 2014 | 7:57 AM ET

    Feb 14- Campbell Soup Co reported a 71 percent rise in quarterly profit, as more people bought soup during a spell of harsher-than-usual winter weather in the United States. Net profit attributable to the company rose to $325 million, or $1.03 per share in the second quarter, from $190 million, or 60 cents per share, a year earlier.

  • *Cuts full-year profit forecast to $5.55- $5.60/ share vs est. Feb 14- J.M. Smucker Co cut its full-year adjusted earnings forecast and said sales would likely fall more than it had expected due to lower selling prices for coffee and peanut butter. Smucker also cut its full-year adjusted earnings forecast to $5.55- $5.60 per share from $5.72- $5.82.

  • Feb 14- Hyatt Hotels Corp reported a 9 percent rise in quarterly revenue due to higher occupancy and room rates across most of its properties. Net income attributable to Hyatt doubled to $32 million, or 20 cents per share, in the fourth quarter ended Dec. 31 from $16 million, or 9 cents per share, a year earlier. The company's revenue rose to $1.09 billion from $1 billion.

  • Feb 14- Oil and gas producer Occidental Petroleum Corp said it would spin off its California assets into a separately traded company, creating the state's largest natural gas producer. The California unit has been deemed to be a drag on the company due to elusive growth in oil production.

  • *Wheat rises to highest since Jan. 8. LONDON, Feb 14- Wheat futures on the Chicago Board of Trade rose to a five-week high on Friday, boosted partly by concerns about dry weather in the U.S. CBOT March wheat rose 5-3/ 4 cents or 1 percent to $6.01-1/ 4 a bushel by 1224 GMT after peaking at $6.02-1/ 2, the highest level for the front month since Jan. 8.

  • *Containers cheap to Asia due to its consumer goods exports. LONDON, Feb 14- Food importers in Asia are switching from dry bulk cargo ships to container vessels, which normally carry goods such as toys and TVs, as they offer a way to import smaller amounts and can be cheaper per tonne.

  • LONDON, Feb 14- As a slowdown in emerging markets takes the shine off shares in consumer goods makers like Nestle, Unilever, Danone and Procter& Gamble, hungry investors have been sampling more of the companies that supply them.

  • TOKYO, Feb 14- Japan Display, the world's biggest maker of screens for tablets and smartphones, gained approval from the Tokyo stock exchange for a listing of around $3.8 billion as the company taps one of Asia's best performing equity markets in the past year.

  • Enbridge posts quarterly loss Friday, 14 Feb 2014 | 7:26 AM ET

    Feb 14- Enbridge Inc, Canada's largest pipeline company, reported a fourth-quarter loss, mainly due to losses on hedging contracts. The company posted a net loss of C $267 million, or 32 Canadian cents per share, compared with a profit of C $146 million, or 18 Canadian cents per share, a year earlier.

  • TRW posts stronger-than-expected quarterly profit Friday, 14 Feb 2014 | 7:25 AM ET

    DETROIT, Feb 14- Auto parts supplier TRW Automotive Holdings Corp on Friday posted a higher-than-expected quarterly profit and forecast strong sales for the year, helped by growth in North America and China.

  • Firmer GDP data gives European shares a fillip Friday, 14 Feb 2014 | 7:25 AM ET

    *ThyssenKrupp boosted by robust results. LONDON, Feb 14- European stocks notched up their seventh rise in eight sessions on Friday as firmer economic growth in Germany and France fuelled expectations of a rebound in corporate profits in Europe this year. The FTSEurofirst 300 was up 0.5 percent at 1,332.04 points by 1214 GMT, with Italy's FTSE MIB, up 1.7 percent.

  • LIMASSOL, Cyprus Feb 14- Cyprus could lift all capital controls by the end of this year if it makes sufficient progress adopting an international bailout programme and confidence is fully restored to the economy, its central bank governor said on Friday.

  • Feb 14- Interpublic Group of Cos, the No. 2 U.S. advertising agency, reported a 3 percent rise in quarterly revenue, mainly helped by growth in the United States. Net income fell to $193.1 million, or 44 cents per share, from $313.3 million, or 68 cents per share. Interpublic said it took a pretax restructuring charge of about $60.6 million in the quarter.

  • Feb 14- Men's clothing retailer Jos. A. Bank Clothiers Inc said it would buy outdoor wear specialist Eddie Bauer for $825 million from private equity firm Golden Gate Capital.

  • Occidental Petroleum to spin off California assets Friday, 14 Feb 2014 | 7:09 AM ET

    Occidental said the new company, which would hold 2.3 million net acres, would have major operations in the state's high-potential oil and gas basins, including Los Angeles, San Joaquin, Ventura and Sacramento.

  • *Euro zone growth beats expectations on Germany, France. *Italy grows marginally for first time since mid-2011. BRUSSELS, Feb 14- Slightly stronger-than-expected growth in Germany and France pushed the euro zone's recovery up a gear in the fourth quarter and offered potential for a more robust 2014, albeit with risks.

  • Smucker posts 6 pct fall in quarterly revenue Friday, 14 Feb 2014 | 6:50 AM ET

    Feb 14- J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported a 6 percent fall in quarterly revenue as it cut the prices of its coffee and peanut butter products. The company said revenue fell to $1.47 billion in the quarter ended Jan. 31.

  • LONDON, Feb 14- A stabilisation in emerging markets after January's rout may turn out be the calm before the storm if political flare-ups and Fed policies provide the spark for the next round of selling.

  • LONDON, Feb 14- Global miner Anglo American said its overhaul should gather pace in the next two years after initial improvements at its copper and iron ore mines helped annual operating profit beat forecasts.