Latest Business News Wires - Business Headlines


  • NEW YORK/ LONDON, Aug 14- Gold prices were little changed on Thursday as investors shrugged off a bigger-than-expected rise in U.S. jobless claims, while conciliatory comments from Russian President Vladimir Putin eased jitters about the Ukraine crisis that had prompted some safe-haven buying of bullion.

  • LONDON, Aug 14- Asda, the British arm of the world's biggest retailer Wal-Mart, reported an acceleration in quarterly sales growth and hailed the improvement as proof that its price-cutting strategy is working.

  • Aug 14- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015. Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.

  • Berlin bans car service Uber Thursday, 14 Aug 2014 | 12:22 PM ET

    Aug 14- Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said.

  • SAO PAULO, Aug 14- The late entry of environmentalist Marina Silva into Brazil's presidential race following the death of her running mate could rally young voters and those upset over a sluggish economy and corruption, but introduce new uncertainty for investors wary of her record of unpredictable decisions.


  • UPDATE 1-EU seeks to take sting out of Russia food ban Thursday, 14 Aug 2014 | 11:46 AM ET

    BRUSSELS, Aug 14- The European Commission will announce more help for EU fruit and vegetable producers early next week to try to stave off a price collapse after Russia's ban on most Western food imports.

  • French finance minister adrift on sea of broken promises Thursday, 14 Aug 2014 | 11:42 AM ET

    PARIS, Aug 14- Photos of France's portly finance minister rowing a tiny boat on holiday circulated social media on Thursday- emblematic of a French economic ship for which, under the current government, prosperity is always beyond the horizon.

  • UPDATE 6-U.S. crude falls in concert with ETF sell-off Thursday, 14 Aug 2014 | 11:40 AM ET

    NEW YORK, Aug 14- U.S. crude prices fell more than $1 a barrel on Thursday and retreated more than 50 cents in a minute as shares of the exchange-traded fund U.S. Oil Fund fell sharply. U.S. crude fell fell about 60 cents to its session low of $96.03 between 10:50 and 10:51 a.m. EDT.

  • CHICAGO, Aug 14- New-crop U.S. soybean futures on Thursday rebounded from a contract low set earlier in the session, while new-crop corn topped a one-week high in a recovery from recent losses. "Light short covering in thin trade is taking place," said Karl Setzer, grain solutions team leader for MaxYield Cooperative in Iowa.

  • Aug 14- Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.

  • HELSINKI, Aug 14- Finland pulled out of recession in the second quarter but growth was negligible and dark clouds are gathering again as Russian sanctions could hit the economy in the coming months.

  • GM to invest $2.8 bln in Brazil in five years-CEO Thursday, 14 Aug 2014 | 11:15 AM ET

    BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday. Speaking to reporters in Brasilia after meeting President Dilma Rousseff, Barra said the new investment will spent on new products, technology and maintaining plants.

  • Aug 14- U.S. cropland prices in the central Plains and southern Midwest were stable in the second quarter of 2014 compared with the previous quarter even though farm income was lower due to falling crop prices, according to Federal Reserve Bank quarterly surveys issued on Thursday.

  • LONDON/ FARGO, North Dakota, Aug 14- Royal Dutch Shell on Thursday announced the sale of two onshore U.S. shale gas assets in exchange for $2.1 billion and acreage in different gas-rich areas as the energy company restructures its North America business and reins in costs.

  • European shares inch up after Putin comments Thursday, 14 Aug 2014 | 11:01 AM ET

    *FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 down 0.04 pct. *Euro STOXX 50 halted by strong resistance level. The euro zone's blue-chip Euro STOXX 50 index was down 0.04 percent at 3,054.41 points.

  • Gone are the days of the private jet and the two-week carousel of five-star hotels in Europe and the United States. Instead, it is more likely to be a scramble from Hong Kong to New York, often flying on commercial airlines, to capture the ear of potential investors.

  • WASHINGTON, Aug 14- U.S. regulators' new "net neutrality" rules should classify Internet providers more like public utilities to prevent them from potentially slowing users' access to some Web content, the New York Times said in an editorial in Thursday's newspaper.

  • NEW YORK, Aug 14- Global equity markets edged higher on Thursday after President Vladimir Putin of Russian sounded a conciliatory note over the crisis in Ukraine, while bond yields in Europe fell to record lows as the euro zone's recovery stalled in the second quarter.

  • NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.