Latest Business News Wires - Business Headlines


  • NEW YORK, Feb 19- More than 800,000 Californians have enrolled in private health insurance under President Barack Obama's healthcare reform law, but that number included fewer Latinos than officials hoped, the head of its state-run marketplace said on Wednesday.

  • NEW YORK/ ST. LOUIS, Feb 19- Three Federal Reserve officials on Wednesday said they believe the U.S. economy is gaining traction despite a recent slowdown from cold weather, allowing the central bank to stick to its plan to wind down its massive bond-buying stimulus this year.

  • Feb 19- Tesla Motors Inc, led by billionaire entrepreneur Elon Musk, posted better-than-expected fourth-quarter results on Wednesday and said deliveries of its Model S electric sedan would surge more than 55 percent this year.

  • UPDATE 1-Safeway says exploring possible sale of company Wednesday, 19 Feb 2014 | 4:43 PM ET

    NEW YORK, Feb 19- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company. A handful of buyout firms, including Cerberus Capital Management LP, have been exploring a deal for all or part of Safeway, Reuters reported in October.

  • Cerberus currently in talks with Safeway -source Wednesday, 19 Feb 2014 | 4:35 PM ET

    NEW YORK, Feb 19- Private equity firm Cerberus Capital Management LP is currently in talks with U.S. supermarket chain Safeway Inc about a possible transaction, a person familiar with the matter said on Wednesday.

  • MEXICO CITY, Feb 19- Emerging market currencies weakened on Wednesday after minutes from the last U.S. Meanwhile, Ukraine's bond prices fell as more violence hit Kiev, while mounting unrest in Venezuela drove the price of its credit default swaps to near five-year highs.

  • NEW YORK, Feb 19- U.S. crude oil prices rose sharply on Wednesday ahead of inventory data expected to show an unusually cold winter in North America has drawn down heating oil inventories to record lows.

  • DEALTALK-Greenberg channels Buffett in post-AIG comeback Wednesday, 19 Feb 2014 | 4:29 PM ET

    NEW YORK, Feb 19- Since his ouster from American International Group Inc in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett's Berkshire Hathaway Inc..

  • PRECIOUS-Gold falls nearly 1 percent after Fed minutes Wednesday, 19 Feb 2014 | 4:23 PM ET

    *Gold outlook weak despite emerging-market jitters- analyst. NEW YORK/ LONDON, Feb 19- Gold fell almost 1 percent on Wednesday after minutes of the Federal Reserve's latest policy meeting showed several policymakers wanted to keep cutting monetary stimulus, weighing down on bullion's inflation-hedge appeal.

  • KIEV, Feb 19- Ukrainian President Viktor Yanukovich said on Wednesday he had agreed a "truce" with opposition leaders, after street violence in which at least 26 people were killed, and a start to negotiations to end further bloodshed.

  • SAN FRANCISCO, Feb 19- Google Inc is exploring a major expansion of its super-fast "Fiber" TV and Internet service, which could extend the nascent network to 34 more U.S. cities and pose a competitive threat to home broadband providers.

  • WASHINGTON, Feb 19- A state court in Nebraska on Wednesday invalidated the governor's decision to allow the controversial Keystone XL pipeline to pass through the Midwestern state.

  • Tesla fourth-quarter profit before items tops Street Wednesday, 19 Feb 2014 | 4:14 PM ET

    Feb 19- Tesla Motors Inc, led by billionaire entrepreneur Elon Musk, posted better-than-expected results on Wednesday on strong demand for the Model S electric car. The Palo Alto, California- based company, which was founded in 2003, earned $46 million, or 33 cents per share, excluding one-time items, during the fourth quarter.

  • SAFT ON WEALTH-Should you fire your economists? Wednesday, 19 Feb 2014 | 4:12 PM ET

    Feb 19- Rather than waste time and money making doubtful predictions about economic growth, you might just do better by buying stock in countries which have recently had hard times.

  • NEW YORK, Feb 19- U.S. stocks fell on Wednesday in a late selloff as minutes of the U.S. Federal Reserve's latest policy-setting meeting indicated that stimulus will continue to be trimmed unless there is a big economic surprise. The Dow Jones industrial average fell 89.84 points or 0.56 percent, to end unofficially at 16,040.56.

  • NEW YORK/ LONDON, Feb 19- A handful of consumer and healthcare companies including Bayer AG and Novartis are exploring a deal for Merck& Co Inc's consumer healthcare business, as they seek to gain scale in a fragmented industry, according to several people familiar with the matter.

  • Energy Secretary Ernest Moniz will travel to Waynesboro, Georgia, on Thursday to mark the completion of an agreement backing the construction of two new reactors at Southern Co's Vogtle nuclear power plant, the Department of Energy announced on Wednesday.

  • Diamonds and deals as Danone struggles for China bounce Wednesday, 19 Feb 2014 | 4:00 PM ET

    SHANGHAI, Feb 20- In Danone SA's China, diamonds are free, milk powder is forever. With investors restless over its inability to grow in China, this month Danone paid $665 million to lift its small stake in the country's number two milk maker, China Mengniu Dairy Co Ltd..

  • KUALA LUMPUR, Feb 20- Commodity giant Wilmar International is using its buying clout to push suppliers to be greener, or else, setting up a battle with growers and governments that have profited from their environmentally damaging practices.

  • FACTBOX-Wilmar lays out 'green code' for suppliers Wednesday, 19 Feb 2014 | 4:00 PM ET

    Feb 20- Wilmar International, the world's largest palm oil processor, has written to hundreds of suppliers urging them to stop clearing rainforests and peatlands. The Singapore- listed firm has given its entire supply chain until end-2015 to comply with its "No Deforestation, No Peat, No Exploitation" policy.