Latest Business News Wires - Business Headlines


  • *General Motors Co says to achieve 10 percent operating margins in north america in 2016. *Says expects to achieve overall operating profit margins of 9 to 10 percent by early next decade. *Says to return to profits in europe in 2016.

  • *GM says expects "marginal loss" in South America in 2014. *GM says expects "significant loss" in its international operations not including china in 2014, but in line or slightly better than plan. *GM says long-term margin objective in South America remains mid-single digits.

  • NEW YORK, Oct 1- PepsiCo Inc for the first time is introducing a product exclusively through Amazon.com Inc as the snack and soft drink maker aims to expand its footprint in e-commerce. The product, a naturally sweetened soda called Pepsi True, will be available on Amazon in mid-October in 24- packs of 7.5- ounce cans, the company said.

  • Oct 1- Coca-Cola Co, under pressure from an activist investor, said it had adopted new guidelines under its 2014 equity plan that will extend the number of years shares will last under the plan by using fewer shares each year.


  • BRIEF-GM CEO BARRA SAYS NO CHANGE TO ESTIMATED COST TO. COMPENSATE VICTIMS OF FAULTY IGNITION SWITCH@ faulty ignition switch@. *GM CEO Mary Barra says no change to estimate for cost of fund established to compensate victims of the faulty ignition switch.

  • Disappointing data hits European shares, Sainsbury slips Wednesday, 1 Oct 2014 | 10:30 AM ET

    *Nexans, Sainsbury drop after warning on sales outlook. LONDON, Oct 1- European shares slipped on Wednesday following disappointing regional manufacturing data and on concerns about European earnings after retailer Sainsbury and cable maker Nexans issued sales warnings.

  • MEXICO CITY, Oct 1- Mexico's manufacturing sector sentiment rose in September to an eight-month high, a survey showed on Wednesday, in a sign that Latin America's No. 2 economy could pick up speed. Mexico exports mostly manufactured goods and sends nearly 80 percent of its exports to the United States.

  • *Says about 27 percent of global sales volume expected to come from new and refreshed products in next 18 months. *Says Cadillac brand to introduce four new vehicles in North America in 2015, including CT6 sedan.

  • LONDON, Oct 1- ICAP, the world's biggest interdealer broker, will submit a proposal to the bullion market to replace the century-old global price benchmark for gold known as the "fix", the company told Reuters on Wednesday.

  • MILFORD, Mich, Oct 1- General Motors Co on Wednesday said that in 2016 it would ring up its first profits in Europe in more than a decade and hit targeted North American operating margins. The news came two days after its smaller rival Ford Motor Co disappointed investors with its financial outlook.

  • DETROIT, Oct 1- U.S. consumers bought more cars in September than in the previous year, but early sales results from leading automakers on Wednesday were mixed. General Motors Co, Fiat SpA's Chrysler Group and Nissan Motor Co all reported year-to-year sales gains, but Ford Motor Co said sales fell slightly from a year ago.

  • POLL-Oil price forecasts cut, to stay subdued in 2015 Wednesday, 1 Oct 2014 | 10:12 AM ET

    *Brent seen averaging $103.30, WTI $96.10 in 2015. Brent has averaged near $110 a barrel since 2011 but has fallen sharply since June as U.S. shale oil supplies outstripped expectations and Iraqi and Libyan production has risen despite violence and political unrest in the two OPEC members.

  • BOSTON/ NEW YORK, Oct 1- Prominent investor shareholder advisory firm ISS called on Allergan Inc to give its shareholders a chance to vote on any large, buyout-blocking acquisitions and said the company's board faced a credibility problem, according to a report seen by Reuters.

  • BRUSSELS, Oct 1- Britain's choice for the European Commission disarmed EU lawmakers with a combination of charm, grasp of financial regulation and a stated commitment to European integration at a hearing in the European Parliament on Wednesday.



  • Vivint Solar shares rise as much as 9 pct in debut Wednesday, 1 Oct 2014 | 10:04 AM ET

    Oct 1- Shares of Vivint Solar Inc, the second-largest installer of residential solar panels in the United States, rose as much as 9 percent in their market debut on the New York Stock Exchange, valuing the company at about $1.84 billion.

  • Broker ICAP enters race to replace century-old gold fix Wednesday, 1 Oct 2014 | 9:59 AM ET

    LONDON, Oct 1- ICAP, the world's biggest interdealer broker, will submit a proposal to the bullion market to replace the century-old global price benchmark for gold known as the "fix," the company told Reuters on Wednesday.

  • NEW YORK, Oct 1- The dollar pulled back from six-year highs against the yen to trade little changed on Wednesday, weighed down by a drop in U.S. Investors also booked profits on long U.S. dollar positions ahead of key event risks- the European Central Bank's monetary policy meeting on Thursday and Friday's U.S. non-farm payrolls report.