Latest Business News Wires - Business Headlines


  • TOKYO, May 21- Lower U.S. Treasury yields held the dollar near a 3-1/ 2 month low against the yen early on Wednesday, with markets looking for potential catalysts from the Bank of Japan's policy review later in the day. The immediate focus in Asia was on the Bank of Japan's monetary policy decision and Governor Haruhiko Kuroda's news conference.

  • SEOUL, May 21- U.S. crude futures rose in early Asian trade on Wednesday, supported by a disruption in Libya's oil output and an unexpected draw in U.S. crude oil inventory according to industry data. *U.S. crude for July delivery rose 57 cents at $102.90 a barrel as of 0006 GMT after it settled 22 cents up at $102.33 a barrel in the previous session.

  • Citigroup aims to ramp up U.S. mortgage lending Tuesday, 20 May 2014 | 8:34 PM ET

    NEW YORK, May 20- Citigroup Inc is looking to increase its market share in the U.S. mortgage market by buying home loans from other lenders, a top executive said on Tuesday. Much of the push for expansion will come from correspondent lending, or Citigroup buying mortgages that meet criteria it has established from other financial institutions.

  • SINGAPORE, May 21- Platinum edged higher on Wednesday as labor strikes in top producer South Africa dragged on for a 17th week and after an industry report said a shortage of the metal was set to widen this year. Gold continued to trade in a tight range below $1,290 an ounce on outflows from gold-backed funds.

  • TOKYO, May 21- Asian shares caught Wall Street's gloom in early trading on Wednesday, while the dollar languished for a sixth straight session against the yen.

  • DIARY - Government Debt auctions to July 30 Tuesday, 20 May 2014 | 8:03 PM ET

    DIARY- Central& Eastern Europe debt. *=All times in GMT unless stated otherwise, For Australia time is updated as Local time.

  • Japan April exports rise 5.1 pct year/year - MOF Tuesday, 20 May 2014 | 7:57 PM ET

    TOKYO, May 21- Japan's exports rose 5.1 percent in April from a year earlier, Ministry of Finance data showed on Wednesday, indicating a pickup in external demand. The rise in exports compared with a 4.8 percent gain expected by economists in a Reuters poll, and followed a 1.8 percent annual increase in the previous month.

  • The latest salvo in the war on escalating U.S. healthcare costs came from AHIP- America's Health Insurance Plans- and targeted Sovaldi, the new $84,000 hepatitis C treatment from Gilead Sciences Inc..

  • May 20- Law firm leaders at Patton Boggs in Washington, D.C., were tallying votes on Tuesday on a proposed merger with Squire Sanders, a deal that is expected to be approved and that would provide financial relief to struggling Patton Boggs. The firm has represented Amazon.com, Facebook, Inc. and Exxon Mobil Corp., according to the center.

  • WASHINGTON, May 20- Lockheed Martin Corp said on Tuesday that more than 100 union members who had been on strike at a Mississippi space center since late last week voted to accept the company's contract offer and would return to work on Wednesday.

  • WASHINGTON, May 20- Republicans must get behind a push to scrap the U.S. Export-Import Bank when its charter comes up for renewal later this year to end handouts to big business, a senior lawmaker said on Tuesday. "Today I call upon every Republican in Congress to let Ex-Im expire.

  • May 20- The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable levels.

  • WASHINGTON, May 20- U.S. consumer bureau officials were slow to fix performance reviews that were unfair to minority and older employees, despite complaints, a union leader will tell lawmakers on Wednesday.

  • SEATTLE, May 20- Flight attendants at Virgin America airlines are seeking a vote on whether to unionize, according to an official at the Transport Workers Union, in a move that could pave the way for organized labor's latest victory in the airline industry.

  • SAN FRANCISCO, May 20- When Jonathan Lyens ordered a car on Uber's mobile app, the driver took one look at his service animal and considered taking off. San Francisco regulators and the National Federation of the Blind are looking into claims that drivers for the rides-on-demand service have refused to ferry people with service animals.

  • BOSTON, May 20- A sophisticated hacking group recently attacked a U.S. public utility and compromised its control system network, but there was no evidence that the utility's operations were affected, according to the Department of Homeland Security.

  • WASHINGTON, May 20- U.S. consumer bureau officials were slow to fix performance reviews that were unfair to minority and older employees, despite complaints, a union leader will tell lawmakers on Wednesday.

  • WASHINGTON, May 20- President Barack Obama gathered executives from several major international companies on Tuesday, including Ford Motor Co and Deutshe Lufthansa AG, to discuss a White House initiative to encourage investment in the United States.

  • Federal Reserve cleared a key procedural hurdle in the Senate on Tuesday, virtually assuring that the noted economist will join the central bank's board within days. The Senate agreed 62-35 to limit debate on the nomination, allowing for a final vote just after midday on Wednesday. Fischer is widely expected to win Senate approval.