Latest Business News Wires - Business Headlines


  • April 24- Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin brands, reported a quarterly profit that beat analysts' estimates, helped by growth in business travel in North America.

  • *Packer's Crown Resorts won cabinet approval for projects in September. COLOMBO, April 24- Hundreds of Sri Lankan opposition party members marched in protest in Colombo on Thursday to pressure the government to stop Australian gambling tycoon James Packer from opening casinos in hotel projects planned by his Crown Resorts Ltd..

  • UPDATE 3-Alstom shares jump on report of GE bid Thursday, 24 Apr 2014 | 8:08 AM ET

    *Alstom shares up more than 14 percent. *GE declines to comment; Bouygues supports Alstom strategy. A deal, which would be GE's biggest ever and would hand it control of Alstom's high-speed TGV trains and rail-signal technology, has the support of Bouygues, Alstom's biggest shareholder with a 29 percent stake, the report said.

  • April 24- Satellite radio provider Sirius XM Holdings Inc reported a better-than-expected 11 percent rise in quarterly revenue as car owners increasingly signed on for subscriptions after their initial free access expired.

  • Comcast's Fandango ticket service buys MovieClips Thursday, 24 Apr 2014 | 8:05 AM ET

    April 24- Fandango, a movie ticketing service owned by cable company Comcast Corp, is buying MovieClips from Zefr Inc to boost its film-related content. MovieClips, launched in 2009, licenses movie scenes from various studios, puts them up on YouTube and monetizes them with ads on the site.


  • UPS's quarterly profit hurt by severe winter Thursday, 24 Apr 2014 | 8:00 AM ET

    April 24- United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to higher costs related to a severe winter in the United States. The company's net income fell to $911 million, or 98 cents per share, in the first quarter ended March 31, from $1.03 billion, or $1.08 per share, a year earlier.

  • NEW YORK April 24- AOL is making a push into China with its digital video studio Makers, which struck a partnership on Thursday with that country's privately held Sun Media Group. This is AOL's biggest effort in China since it was spun out from Time Warner Inc almost five years ago.

  • *Bourse looking to expand in China, rest of Asia. "Ten-25 percent on any given day of outright trading on the electronic system comes from Asia," LME Chief Executive Garry Jones said at a conference in Hong Kong, adding that overall electronic trade volumes grew 28 percent last year.

  • April 24- Caterpillar Inc on Thursday posted quarterly profit that topped estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry. With restructuring costs factored in, Caterpillar made a profit of $1.44 a share.

  • Raytheon posts higher profit, backs 2014 forecast Thursday, 24 Apr 2014 | 7:53 AM ET

    April 24- Raytheon Co on Thursday reported a higher first-quarter profit due to a previously announced tax credit and favorable pension adjustments, and the U.S. defense company left its full-year forecast unchanged. Net income attributable to Raytheon shareholders rose to $596 million, or $1.89 per share, from $488 million, or $1.49 a share, a year earlier.

  • Verizon reports higher revenue after Vodafone deal Thursday, 24 Apr 2014 | 7:50 AM ET

    NEW YORK, April 23- Verizon Communications Inc said on Thursday its quarterly revenue rose 4.8 percent after its acquisition of Vodafone's 45 percent share in their prior joint venture for $130 billion gave the company access to greater amounts of cash flow.

  • April 24- Under Armour Inc reported a better-than-expected quarterly profit and raised its 2014 revenue forecast as demand for its hi-tech athletic apparel soars. Under Armour said it now expects revenue of $2.88- $2.91 billion for the year, representing growth of 24-25 percent, up from the $2.84- $2.87 billion it forecast in January.

  • UPDATE 1-Zimmer to buy Biomet in $13.35 bln deal Thursday, 24 Apr 2014 | 7:48 AM ET

    April 24- Medical device maker Zimmer Holdings Inc said it would buy orthopedic products company Biomet Inc in a deal valued at about $13.35 billion to broaden its portfolio of products that treat bone and joint-related disorders.

  • United Continental posts wider quarterly loss Thursday, 24 Apr 2014 | 7:48 AM ET

    The loss increased to $609 million, or $1.66 a share, from $417 million, or $1.26 a share, a year earlier.

  • April 24- Auto parts maker Delphi Automotive Plc reported a better-than-expected quarterly profit, helped by strong demand in Asia and North America, and raised its 2014 earnings outlook. The company said it now expects 2014 adjusted earnings between $4.80 and $5.00, up from its previous forecast of between $4.70 and $4.95 a share.

  • LONDON/ FRANKFURT, April 24- The amount of spare cash in the euro zone banking system fell to its lowest levels in 2-1/ 2 years on Thursday, pushing up short-term money market rates and adding impetus for the ECB to loosen policy further.

  • *Tech results lift Nasdaq futures, Apple and Facebook rally. *Attention on Apple after announcing seven-for-one stock split. NEW YORK, April 24- U.S. stock index futures were higher on Thursday, with Nasdaq futures jumping more than 1 percent following a pair of blowout results from technology stalwarts Apple and Facebook.

  • *Yen firm as Tokyo shares slip on lack of US-Japan trade pact. LONDON, April 24- The euro gave up gains against the dollar on Thursday, after ECB President Mario Draghi once again flagged the risk of asset purchases to ward off deflation risks and said a rise in the euro could trigger policy action.

  • April 24- Transatlantic exchange operator Nasdaq OMX Group Inc on Thursday reported a higher first-quarter profit, helped by increased revenue from recent acquisitions. Net income attributable to Nasdaq rose to $103 million, or 59 cents per share, from $42 million, or 25 cents per share, a year earlier.