Latest Business News Wires - Business Headlines


  • NEW YORK, Feb 6- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. history.

  • Feb 6- Canada's largest dairy producer Saputo Inc, which recently won control of Australian dairy Warrnambool Cheese and Butter Factory Company, is hungry for further acquisitions in that country, as well as in New Zealand, Brazil and the United States, Chief Executive Lino Saputo Jr. said on Thursday.

  • SAN FRANCISCO, Feb 6- LinkedIn Corp delivered a revenue forecast that fell short of Wall Street expectations, sending its stock down about 8 percent in after-hours trading on Thursday. But LinkedIn's revenue guidance for the first quarter and for the full 2014 year both missed analysts' expectations.

  • Feb 6- Audience Inc reported a 13 percent fall in quarterly revenue, hurt by weak sales of its audio chips to smartphone makers. The company posted a net loss of $2.5 million, or 11 cents per share, in the fourth quarter, compared with a profit of $3.4 million, or 15 cents per share, a year earlier. Revenue fell to $33.6 million from $38.7 million.

  • NEW DELHI, Feb 7- India on Friday is likely to cut its estimate of 5 percent growth forecast for the fiscal year that ends on March 31, thanks to a slower-than-expected recovery by industries.

  • SYDNEY, Feb 6- Ford Motor Co said on Thursday it would cut production in Australia by one third with about 300 jobs to go in June, spurring worries the carmaker may exit the country sooner than its planned 2016 deadline.

  • SAN FRANCISCO, Feb 6- LinkedIn Corp posted a better than expected 47 percent jump in fourth-quarter revenue but projected 2014 revenue that was below Wall Street targets. Shares of LinkedIn fell 11 percent to $199 in after-hours trading on Thursday. The company projected that full year revenue for 2014 will range between $2.02 billion and $2.05 billion.

  • News Corp reports lower revenue and profit Thursday, 6 Feb 2014 | 4:13 PM ET

    Feb 6- News Corp reported on Thursday a 4 percent decline in quarterly revenue, citing challenges at its Australian newspaper properties. For the quarter ending December, the company said revenue was $2.24 billion, in line with analysts' estimates of $2.22 billion, according to Thomson Reuters I/B/E/S.

  • NEW YORK, Feb 6- U.S. stocks rose the most so far this year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy, and as Disney's results overshot expectations.

  • Shipping industry sees an end to five-year downturn Thursday, 6 Feb 2014 | 4:00 PM ET

    But tanker rates will also rise as fleet growth is slowing, while strategic oil reserve projects in China and India should boost already solid Asian demand.

  • *New Zealand's sheepmeat trade to China up fivefold to $550 mln. WELLINGTON/ SYDNEY, Feb 7- At a sprawling plant run by New Zealand's biggest meat processor, rows of lamb carcasses hang from meathooks on their way to a cutting room to be chopped, trimmed and shipped out in increasing quantities to China.

  • DETROIT, Feb 6- Aston Martin said on Thursday its expanded recall of accelerator pedals in 17,590 sports cars would not result in a material added cost beyond its previous estimate of 1.5 million British pounds. Aston Martin's owners include Italian private equity fund Investindustrial, Kuwait- based Adeem Investment and Prime Wagon.

  • VANCOUVER, Feb 6- At a time when major miners have turned gun-shy on acquisitions after a rash of value-busting deals, two big players made it clear last week that they are still keen to partner with junior firms on high-quality, early-stage projects.

  • LOS ANGELES, Feb 6- Amazon.com Inc released its second batch of TV pilots on Thursday and asked for customer feedback to help determine which of the 10 shows to develop into series for its video streaming service. Prime also includes free two-day shipping for Amazon products.

  • Feb 6- Spirit AeroSystems Holdings Inc, a major supplier of components to Boeing Co and Airbus, reported a loss for the fourth quarter on charges tied mainly to the Boeing 787 program, sending its shares about 22 percent lower.

  • HOUSTON, Feb 6- Independent oil refiner Tesoro Corp is replacing older railcars in its crude-by-rail fleet with ones that have the latest safety designs, Chief Executive Officer Greg Goff told analysts on Thursday.

  • *SodaStream shares up on takeover speculation. Feb 6- Coca-Cola Co's $1.3 billion investment in Green Mountain Coffee Roasters Inc puts pressure on at-home soda leader SodaStream International Ltd to bolster its position through a partnership or merger with the likes of a PepsiCo Inc or Dr Pepper Snapple Group Inc..

  • NEW YORK, Feb 6- A surge in bets that shares of Green Mountain Coffee Roasters would rise sharply by the end of the week has raised suspicions, coming as it did just hours before news of a partnership deal with Coca-Cola.

  • *Airbus says always studying options to improve products. SINGAPORE, Feb 7- Airbus is exploring fresh ways to improve sales of the world's largest passenger jet after receiving a potentially crucial signal of support from at least one of its engine makers, industry sources said.

  • NEW YORK, Feb 6- nPrivate equity firm Carlyle Group LP is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, and could announce the deal as soon as Thursday, people familiar with the matter said.