Latest Business News Wires - Business Headlines
More
-
SANTIAGO, Dec 7- Spain's Endesa SA is poised to clinch a deal with Chilean pension funds over regional energy group Enersis SA's controversial planned capital increase, a source close to Endesa told Reuters on Friday. The agreement is likely to be announced later on Friday, the source added.
-
NEW YORK, Dec 7- Cisco Systems laid out its mid-term growth strategy on Friday, betting on increased demand for software, services and security as it strives to become the world's leading information technology company.
-
WASHINGTON, Dec 7- A U.S. congressional committee that oversees drug safety issues has asked a compounding pharmacists' industry association to provide documents on the group's role in helping pharmacies in their interactions with federal and state authorities.
-
The downbeat forecast spells more bad news for Brazil's struggling economy, which is the world's No. 4 car market and a key source of growth for U.S. and European auto companies such as General Motors Co and Volkswagen AG. Brazil's auto output last declined in 2002, by 2.4 percent; it has averaged 9 percent growth since then.
-
LONDON, Dec 7- European stocks closed flat in choppy trade on Friday, as worries that U.S. politicians may fail to strike a deal to avoid growth-curbing austerity measures pushed equities off earlier highs. The STOXX 600 telecoms index declined 0.6 percent, dragged down by a 2.7 percent fall in Deutsche Telekom after it cut its dividend.
-
NEW YORK, Dec 7- Boeing Co said customers cancelled orders for six planes worth nearly $1.9 billion at list prices, and booked orders for two planes worth $700 million. In its latest tally, Boeing showed cancellations for five 747-8 jumbo jets and a 767. The new orders were for two 747 s.
-
ATHENS, Dec 7- Greece's three biggest banks won board approval to take part in the country's debt buyback which expires on Friday, putting Athens on track to meet targets set by international lenders.
-
ANCHORAGE, Alaska, Dec 7- Oil production from Alaska's declining North Slope fields is expected to fall 4.5 percent this fiscal year, posing a growing challenge for the state's finances, Alaska's Department of Revenue said this week.
-
Dec 7- China- based Suntech Power Holdings Co Ltd said it had concluded that it had been defrauded by a partner in a solar development fund, which would require it to reduce its net income for 2010 by between $60 million and $80 million.
-
OTTAWA, Dec 7- Canada is restarting its search for new fighter jets but could still choose Lockheed Martin Corp's F-35, which Ottawa had initially said it would buy before losing enthusiasm as cost estimates soared, a government source told Reuters on Friday.
-
NEW YORK, Dec 7- Americans' outlook on the economy and their finances took a turn for the worse in early December, likely due to anxiety about the potential for higher taxes resulting from contentious discussions in Washington over fiscal issues, a survey released on Friday showed.
-
NEW YORK, Dec 7- Americans' outlook on the economy and their finances took a turn for the worse in early December, likely due to anxiety about the potential for higher taxes resulting from contentious discussions in Washington over fiscal issues, a survey released on Friday showed.
-
WASHINGTON, Dec 7- U.S. employers hired more workers than expected in November, with the labor market showing little apparent impact from Superstorm Sandy and jobs growth remaining on a steady but slow path.
-
NEW YORK, Dec 7- As any astronaut will tell you, re-entry is the trickiest and most dangerous part of space flight. Despite the challenges of increased competition and gap-filled resumes, more people who left the workforce, whether voluntarily or involuntarily, are coming back into it, according to the U.S. Labor Department.
-
MADRID, Dec 7- Spain has left major questions unanswered in its rush to set up a "bad bank" to manage toxic loans built up by the country's lenders, creating a detail vacuum that is keeping potential investors at arm's length.
-
LONDON, Dec 7- Britain's Barclays will invest in Spain's so-called' bad bank' as a signal of its commitment to helping fix the country's banking troubles, a person familiar with the matter said on Friday. The source did not disclose how much Barclays was likely to put in.
-
NEW YORK, Dec 7- U.S. Nonfarm employment increased by 146,000 jobs last month, the Labor Department said, defying expectations of a sharp pull-back related to superstorm Sandy. "It's stronger than expected on the surface but the unemployment rate fell for the wrong reasons," said Richard Gilhooly, interest rate strategist at TD Securities in New York. "
-
NEW YORK, Dec 6- Which is the more powerful agent of social change: fear or sympathy? One reason for the shift was, as it were, born in the USA. That is because, for a long time, the United States has watched declining birthrates in places like Western Europe, Russia and even China with an air of superiority.
-
WASHINGTON, Dec 7- With about three weeks left before the "fiscal cliff" deadline, the task of avoiding the steep tax hikes and spending cuts was down to talks between Republican House Speaker John Boehner and President Barack Obama, according to Capitol Hill aides.
-
LONDON, Dec 7- The Economist Intelligence Unit has just issued a report on doing business in Russia. "Nothing ventured, nothing gained: Changing international perceptions of Russian business" is based on a survey of 195 senior executives from outside Russia, with particular focus on those who have been or are considering joint venturing with Russian corporates.