Latest Business News Wires - Business Headlines


  • *U.S. Supreme Court set to settle related battle. Oct 29- A divided U.S. Senate on Tuesday confirmed a former union lawyer picked by President Barack Obama to be the top prosecutor at the National Labor Relations Board.

  • WASHINGTON, Oct 29- The U.S. House of Representatives passed a controversial bill on Tuesday that would delay two government regulators from adopting rules requiring stock brokers and retirement account financial advisers to put their customers' interests ahead of their own.

  • WASHINGTON, Oct 29- President Barack Obama is facing fresh attacks for his pledge that Americans who like their current healthcare plans can keep them under Obamacare, as reports pile up of thousands of Americans facing cancellation notices.

  • *IBM climbs on buyback announcement and lifts Dow. NEW YORK, Oct 29- The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day's gains.

  • Oct 29- DreamWorks Animation SKG Inc reported quarterly results ahead of Wall Street estimates, helped by a strong pay-TV showing for "Rise of the Guardians", a fantasy film featuring Jack Frost, Santa Claus, the Easter Bunny and the Tooth Fairy.

  • *Nation's largest media group Clarin will have to divest. BUENOS AIRES, Oct 29- Argentina's Supreme Court on Tuesday upheld a controversial media law that government proponents applauded as an effort to reduce market concentration but opponents viewed as state meddling aimed at quieting dissent.

  • TORONTO, Oct 29- Canadian National Railway Co said on Tuesday it still hopes to negotiate a new deal with the Teamsters union and avoid a labor disruption, after talks assisted by government-appointed mediators stretched into the early morning.

  • UPDATE 1-Shutterfly forecast disappoints, shares fall Tuesday, 29 Oct 2013 | 5:11 PM ET

    Oct 29- Online photo-sharing service Shutterfly Inc forecast current-quarter results way below analysts' estimates, sending its shares down 10 percent in extended trading. Shutterfly, which already has apps for Apple Inc's iPhones and iPads, recently launched an app for Google Inc's Android-powered phones.

  • UPDATE 2-U.S. Steel to permanently shut Ontario mill Tuesday, 29 Oct 2013 | 5:10 PM ET

    TORONTO, Oct 29- United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year. The company's mills in Hamilton and Nanticoke, Ontario, were the subject of a legal dispute between U.S.

  • NEW YORK, Oct 29- Raw sugar fell the most in a month on Tuesday on fears of a selloff following speculator hoarding of the commodity, while natural gas tumbled for a second straight session on mild weather forecasts in key U.S. regions.

  • *Brent dips but holds above $109 on supply concerns. NEW YORK, Oct 29- Major U.S. stock indexes closed at record highs on Tuesday to lead global equities higher ahead of word from the Federal Reserve on the future of its stimulus program, while the U.S. dollar climbed the most in almost two months.

  • WASHINGTON, Oct 29- Republicans in the U.S. Congress are taking a new tack in the budget wars that have convulsed Washington for the past three years: They want to soak the rich, or at least get them a little damp.

  • *Albanese was CEO of Rio Tinto until January 2013. LONDON, Oct 29- Mining companies were too slow to respond to changing investor demands from mid-2011 as sentiment deteriorated, failing to spot the wave of change which eventually swept out a generation of executives, the former boss of miner Rio Tinto said on Tuesday.

  • *Made inroads in Southeast Asia, North Asia, South America. BEIJING, Oct 30- When Guangxi Liugong Machinery was bidding to sell wheel loaders to a Thai rice merchant a few years ago, company president Zeng Guangan knew he needed to customize his equipment to beat off Komatsu Ltd and other Japanese rivals.

  • WASHINGTON, Oct 29- The U.S. Senate is expected to take on the nomination of Tom Wheeler to be the new chairman of the Federal Communications Commission on Wednesday after Republican Senator Ted Cruz lifted his hold on the vote.

  • Oct 29- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, sold some Canadian real estate assets for $383 million and said it is considering separating its Lands' End clothing and auto center businesses to raise cash.

  • SAC Capital plea deal may come early next week -WSJ Tuesday, 29 Oct 2013 | 4:45 PM ET

    NEW YORK, Oct 29- The settlement U.S. prosecutors are hammering out with SAC Capital Advisors, Steven A. Cohen's multibillion-dollar hedge fund, over criminal charges related to insider trading could be announced early next week, the Wall Street Journal reported on Tuesday.

  • Oct 29- Life and mortgage insurer Genworth Financial Inc's third-quarter profit rose three-folds as losses narrowed in its U.S. mortgage insurance business. Net profit rose to $108 million, or 22 cents per share, for the third quarter ended Sept. 30, from $35 million, or 7 cents per share, a year earlier.

  • DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he could force a legally binding settlement on the city's creditors if they were unwilling to accept a proposed restructuring plan in bankruptcy court.

  • SAN FRANCISCO, Oct 29- LinkedIn Corp posted better-than-expected third quarter revenue of $393 million on Tuesday, a 56 percent jump from a year ago, but issued a conservative revenue forecast for the fourth quarter and fiscal 2013..

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