Latest Business News Wires - Business Headlines


  • *NBC/ WSJ poll shows Obama approval rating at new low. BOSTON/ WASHINGTON, Oct 30- President Barack Obama said on Wednesday that "bad apple" insurance companies, not his signature healthcare law, are to blame for hundreds of thousands of people losing their coverage in the past few weeks.

  • Australia's Bega wins regulator nod for WCB bid Wednesday, 30 Oct 2013 | 7:34 PM ET

    SYDNEY, Oct 31- Australia's competition regulator said on Thursday it would not block a bid for Warrnambool Cheese and Butter Factory Company Holdings Ltd by domestic rival Bega Cheese Ltd, enabling Bega to re-enter the international battle for the dairy company.

  • RIO DE JANEIRO, Oct 30- Brazil's BM&F Bovespa, operator of the São Paulo stock exchange, said late on Wednesday that it would remove oil company OGX Petróleo e Gas Participações SA from its various stock indices but that the shares, after a brief suspension on Thursday, would continue to trade.

  • U.S. meat-labeling law, a WTO issue, now farm bill target Wednesday, 30 Oct 2013 | 7:27 PM ET

    WASHINGTON, Oct 30- Members of a select House-Senate panel on Wednesday targeted for potential repeal a U.S. meat-labeling law that Mexico and Canada have challenged as a violation of world trade rules, and that U.S. meatpackers also oppose. Congress approved meat-origin labeling in 2002, but it did not become mandatory until 2009..

  • SYDNEY, Oct 31- The dollar hovered near a two-week high against a basket of major currencies early in Asia on Thursday, having extended gains after the Federal Reserve kept its massive bond-buying stimulus in place in a widely expected decision.

  • WASHINGTON, Oct 30- Top Obama administration officials have been pushing U.S. lawmakers hard to hold off on new sanctions over Iran's nuclear program, but some key lawmakers said on Wednesday they had not yet been convinced to support a delay.

  • WASHINGTON, Oct 30- The United States reprimanded Germany on Wednesday, saying its exporting prowess was hampering economic stability in Europe and hurting the global economy. The Obama administration has long called for countries with trade surpluses, such as Germany and China, to do more to spur domestic demand.

  • UPDATE 1-Expedia quarterly profit beats; shares soar Wednesday, 30 Oct 2013 | 7:05 PM ET

    Oct 30- Online travel agency Expedia Inc reported a third-quarter profit that beat Wall Street estimates and said business referrals from review site TripAdvisor Inc. have improved, sending its shares up 18 percent in extended trading. Online travel agencies such as Expedia and Priceline.com depend heavily on leads from TripAdvisor.

  • LONDON, Oct 30- JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday, and Bloomberg reported Citigroup Inc had done the same with its chief dealer.

  • Oct 30- Newmont Mining Corp said on Wednesday its Akyem project in Ghana and its Phoenix Copper Leach project in Nevada have achieved commercial production on schedule and on budget.

  • SYDNEY, Oct 31- Asian markets appeared headed for some brief turbulence on Thursday after the U.S. Wall Street stocks slipped and Treasury yields popped higher after the U.S. central bank kept its $85 billion- a-month stimulus plan intact but did not sound quite as alarmed about the state of the economy as some had anticipated.

  • LIMA, Oct 30- Peruvian precious metals miner. its net income fell 65 percent to $65.1 million in the third quarter from the same period a year earlier. Buenaventura is Peru's largest publicly traded mining company.

  • Molina Healthcare forecasts weak 2013 on higher expenses Wednesday, 30 Oct 2013 | 6:45 PM ET

    Oct 30- Molina Healthcare Inc forecast a full-year profit below market estimates, citing higher administrative expenses related to the Affordable Care Act and delays in patient enrollments due to the uncertainties in its rollout.

  • Senator Bob Corker, the top Republican on the Senate Foreign Relations Committee and a member of the Senate Banking Committee, which is considering the sanctions package, said lawmakers were skeptical because they felt they had to push the White House to back strict sanctions on Tehran.

  • TORONTO, Oct 29- U.S. discount retail chain Target Corp said on Wednesday it expects to recover from initial stumbles in its ambitious push into Canada and still hit long-term growth targets. Canada is still key to Target's growth over the next five years, executives said.

  • *Catastrophe losses fall 37 percent to $128 million. Oct 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly operating profit as fewer natural disasters helped it earn more premiums.

  • SAN FRANCISCO, Oct 30- Facebook Inc posted strong growth in its mobile advertising business on Wednesday but rattled investors after saying that it did not plan to boost the frequency of ads shown to users.

  • WASHINGTON, Oct 30- David Valadao of California on Wednesday became the third Republican in the House of Representatives to join Democrats in backing a sweeping immigration bill that includes a path to citizenship for immigrants who are in the country illegally.

  • *Fourth-quarter profit of $1.85/ shr vs est $1.85. Oct 30- Visa Inc, the world's largest credit and debit card company, reported a 28 percent fall in quarterly profit due to a higher income tax provision and was slightly pessimistic about its outlook in the face of soft U.S. consumer spending.

  • *Expects 1st- quarter adj earnings $0.66/ shr vs est $0.65. Oct 30- Chipmaker Skyworks Solutions Inc forecast current-quarter results above analysts' estimates as it sells more analog chips used to connect machines to the Internet, sending its shares up 5 percent in extended trading.

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