Latest Business News Wires - Business Headlines


  • BERLIN, Oct 30- German inflation unexpectedly eased in October due to lower energy costs, remaining well below the ECB's target for the euro zone, preliminary data showed on Wednesday. The European Central Bank targets inflation of close to but just below 2 percent.

  • WASHINGTON, Oct 30- U.S. Health and Human Services Secretary Kathleen Sebelius on Wednesday said she is responsible for the technical problems plaguing healthcare.gov, the federal website for the healthcare law's insurance marketplace.

  • UPDATE 1-Uranium miner Cameco profit jumps, shares climb Wednesday, 30 Oct 2013 | 9:43 AM ET

    Oct 30- Uranium miner Cameco Corp reported a sharp rise in quarterly profit on Wednesday due to higher uranium sales and prices, sending its shares up nearly 6 percent in early trading. Cameco, which has contracts with customers at prices above the spot market, sold 8.5 million pounds of uranium in the third quarter, up from 5.2 million a year earlier.

  • Oct 30- Canadian food processor Maple Leaf Foods on Wednesday reported lower-than-expected results for the third quarter, hurt mainly by weakness in its meat business. The Toronto- based company, one of Canada's biggest pork processors and bakers, said revenue slipped 2.5 percent to C $1.15 billion.

  • *Q3 adj EPS $0.33 vs est $0.32. Oct 30- Corning Inc reported better-than-expected quarterly results, helped by strong demand for its scratch-resistant Gorilla Glass and fiber optic products.

  • NEW YORK, Oct 30- The dollar held steady against a basket of major world currencies in thin trade on Wednesday, with investors wary of taking bold positions before a post-policy meeting statement from the Federal Reserve.

  • Libya's oil exports still restricted, little improvement Wednesday, 30 Oct 2013 | 9:29 AM ET

    LONDON, Oct 30- Libyan crude oil exports showed little improvement on Wednesday after falling to a trickle this week, except for one tanker that was expected to load condensate from the small western port of Mellitah, trading sources said.

  • LONDON, Oct 30- Gold extended earlier gains on Wednesday after weak U.S. jobs data supported the view that the Federal Reserve would signal plans later in the day to keep its stimulus intact for months.

  • Top U.S. health official apologies for troubled website Wednesday, 30 Oct 2013 | 9:25 AM ET

    WASHINGTON, Oct 30- U.S. Health and Human Services Secretary Kathleen Sebelius on Wednesday apologized to Americans for the flawed launch of the federal government's healthcare insurance website. I apologize, "she told the public at a House of Representatives Energy and Commerce Committee panel hearing.

  • Oct 30- Sprint Corp posted a decline in third-quarter revenue on Wednesday as it lost more subscribers than expected following the shutdown of its older iDen network and warned that customer defections would remain high in coming quarters.

  • MOSCOW, Oct 30- Russia will open up liquefied natural gas exports for companies other than Gazprom under a law passed by the government on Wednesday as part of plans to more than double its global market share by 2020..

  • LONDON, Oct 30- The European Central Bank will soon provide another shot in the arm for Europe's strained banks with a more cheap, long-term loans, according to a firm majority of economists polled by Reuters.

  • *Private employers hire 130,000 workers in October. WASHINGTON, Oct 30- U.S. private-sector employers hired the fewest number of workers in six months in October while tepid domestic demand kept inflation benign last month, suggesting the economy was still in need of stimulus from the Federal Reserve.

  • *GM reports strong profit on US demand, smaller Europe loss. NEW YORK, Oct 30- Wall Street was set for a slightly higher open on Wednesday, adding to fresh records scaled by the Dow and the S&P 500, amid sturdy results and on expectations the Federal Reserve will continue its stimulus efforts into next year.

  • Oct 30- BorgWarner Inc, a maker of automotive turbochargers and emission systems, raised its full-year earnings forecast after reporting a 65 percent jump in quarterly profit, partly due to higher demand for fuel-efficient vehicles.

  • UPDATE 1-RBS reviews FX practices, Barclays flags probe Wednesday, 30 Oct 2013 | 9:00 AM ET

    LONDON, Oct 30- Fallout from global investigations into possible manipulation of the $5.3 trillion- a-day forex market spread on Wednesday, as Royal Bank of Scotland said it had sought to reassure clients about rates they were offered while Barclays said it was cooperating with regulators.

  • Iraq embraces China's growing oil dominance Wednesday, 30 Oct 2013 | 8:56 AM ET

    *China now holds 21 percent of Iraq oilfield projects. BAGHDAD, Oct 30- From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq.

  • Phillips 66 said on Wednesday its refining unit lost $2 million in the third quarter, driven by a 40 percent decline in the average worldwide crack spread, or the difference between wholesale petroleum product prices and crude oil.

  • *First-qtr profit $0.68/ shr vs est $0.66. Oct 30- Automatic Data Processing Inc reported a higher-than-expected quarterly profit as it processed more payrolls in an improving U.S. job market. Net earnings from continuing operations rose to $328.6 million, or 68 cents per share, in the first quarter from $302.5 million, or 63 cents per share, a year earlier.

  • Uranium miner Cameco turns higher profit Wednesday, 30 Oct 2013 | 8:50 AM ET

    Oct 30- Cameco Corp, the world's third-biggest uranium producer, reported higher quarterly profit on Wednesday as its uranium sales and realized price rose. Net earnings for the third quarter jumped to C $211 million, or 53 Canadian cents per share, from C $79 million, or 20 Canadian cents per share, a year before.

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