GO
Loading...

Latest Business News Wires - Business Headlines

More

  • WASHINGTON, Oct 24- The U.S. Federal Communications Commission expects a major auction of low-frequency airwaves to be pushed back to early 2016 from mid-2015 because of its complexity and a pending court challenge, an FCC official said in a blog post on Friday. The delay gives the FCC more time to sway TV station owners to participate and T-Mobile US Inc to argue...

  • *Italy, France want more spending room despite EU budget rules. With a recovery coming to a halt in the second quarter and depressed prices reflecting near record unemployment, France and Italy want to shift away from the spending cuts that marked the bloc's response to the 2009-2012 crisis. France and Italy are pushing for more spending room in their budgets in...

  • *Ratings downgrades hit bonds and credit default swaps. LONDON, Oct 24- Investors demanded higher yields to hold Tesco's debt on Friday while the cost of insuring against default rose sharply after ratings downgrades left Britain's biggest grocer hovering just above junk status. "The ratings remain on review for downgrade because Tesco has not yet announced...

  • MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens. Russian Finance Minister...

  • Federal prosecutors in New York said David Post, 41, a product manager at the bank, received nonpublic information from a former Rutgers Business School classmate about three companies: Idenix Pharmaceuticals, Ardea BioSciences and ViroPharma Inc.. Prosecutors did not name the classmate, but on Oct. 14 they charged Zachary Zwerko, a former senior finance...

  • Congress passed the trade restriction in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. The group of 14 producers has "united to create an advocacy initiative to help repeal the outdated ban on crude oil exports," Daren Beaudo, a spokesman for ConocoPhillips, one of the member companies, said in an email. The U.S. drilling boom of the past...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks advanced on Friday, as earnings from Microsoft and Procter& Gamble coupled with easing concerns over the possible spread of Ebola in the United States helped put the S&P on track to snap a four-week losing skid. Microsoft was up 1.7 percent at $45.91, after it reported...

  • NEW YORK/ LONDON, Oct 24- Gold edged lower on Friday and was set to close down for the week as rallying equity markets and strong U.S. economic data dented demand for the precious metal as an insurance against risk. COMEX gold futures outperformed spot, up $2.70 at $1,231.80 an ounce. Gold's weekly loss was also triggered by a resurgent dollar.

  • TORONTO, Oct 24- Ford Motor Co has rejected a pitch to make a new investment in its Windsor, Ontario, plants and decided to put the money in Mexico as the company originally planned, the head of Canada's main auto workers' union said on Friday. In a release, Unifor said the program would have created 1,000 new jobs in Windsor, one of Canada's auto manufacturing hubs,...

  • WASHINGTON, Oct 24- The U.S. Federal Communications Commission expects a major auction of low-frequency airwaves to be pushed back to early 2016 from mid-2015, an FCC official said in a blog post on Friday. The FCC has been working on rules for the so-called incentive auction in which wireless carriers would get the first opportunity since 2008 to purchase...

  • Oct 24- Shares of SodaStream International Ltd surged on Friday after the at-home soda machine maker said it would sell some PepsiCo Inc brands in a limited test. The 10- week trial will begin in a few weeks at Wal-Mart Stores Inc and Bed Bath& Beyond Inc in Orlando and Tampa, Florida, trade publication Beverage Digest reported. SodaStream shares surged as much as 24...

  • NEW YORK, Oct 24- Oil prices lurched lower before paring some losses on Friday, with traders jittery over more signs of abundant crude supplies in the near term and a shift in U.S. markets toward a weakened contango structure. December oil futures fell by more than $1 a barrel to hover about 20 cents above the January contract, threatening to flip to a discount versus...

  • Oct 24- Drugmaker Baxter International Inc said the U.S. Food and Drug Administration had approved its drug for treating bleeding episodes in adults with a rare bleeding disorder. Obizur will compete with Biogen Idec Inc's Eloctate, which was approved in June. Other approved hemophilia B treatments include Baxter's Rixubis, Pfizer Inc's Benefix and CSL...

  • Oct 24- Banana producer Chiquita Brands International Inc said it would start takeover talks with Brazil's Grupo Cutrale and Safra Group after its shareholders voted against a proposed merger with Irish rival Fyffes Plc. Fyffes' shares fell 5 percent to 94 euro cents in Dublin after the collapse of the deal, which would have created a company domiciled in...

  • Kering and BASF fall as European shares slip back Friday, 24 Oct 2014 | 12:42 PM ET

    *Luxury goods group Kering falls after lower Gucci sales. LONDON, Oct 24- Shares in luxury goods group Kering and chemicals company BASF fell on Friday after business updates, while new worries about the Ebola virus also weighed on European stock markets. Kering slumped 5.1 percent, making it the worst-performing stock on the pan-European FTSEurofirst 300...

  • MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning that a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens.

  • DAR ES SALAAM, Oct 24- Tanzania and China have signed investment deals worth more than $1.7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam- deepening Beijing's ties with East Africa. Tanzania later announced a $85 million in grants and zero-interest loans from China. The deals extend China's growing...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks advanced on Friday, as earnings from Microsoft and Procter& Gamble and easing concerns over the possible spread of Ebola in the United States helped put the S&P on track to snap a four-week losing skid. Microsoft was up 2 percent at $45.91, after it reported higher-than-expected...

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. The committee has not requested any documents on Takata at this...

  • Oct 23- Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and profit, hurt by weak demand from smartphone makers, sending its shares down 13 percent in extended trading. "Given that certain Samsung designs that have come out recently are not using Synaptics touch IC products, we think that would probably be a real driver...