Latest Business News Wires - Business Headlines


  • NEW YORK, Feb 7- Brent crude oil rose by more than $1 to a one-week high on Friday on tighter North Sea supplies and rising heating oil and gasoline prices, which were supported by continued cold and a decline in the U.S. jobless rate.

  • Feb 7- Wall Street's Financial Industry Regulatory Authority is looking at the measures that brokerages are taking to protect their businesses and customers against cyber security threats, the industry-funded regulator said. Cyber attacks have hit millions of customers of well-known retailers including Target Corp and Neiman Marcus.

  • MIAMI, Feb 7- A Florida judge has agreed to an eight-month delay in the trial of Raoul Weil, a former high-ranking UBS banker charged with tax fraud by U.S. authorities. The trial which was due to start on Feb. 18, has been moved back to Oct. 14, according to an order signed by federal Judge James Cohn on Thursday.

  • *U.S. jobs report disappoints, dollar dive short-lived. NEW YORK, Feb 7- The dollar see-sawed after a weaker-than-expected U.S. jobs report on Friday that muddies the waters but is unlikely to dissuade the Federal Reserve from diverting from its path of steadily removing monetary stimulus from the U.S. economy.

  • LONDON, Feb 7- Graeme King has left his role as co-head of foreign exchange spot trading at RBC Capital Markets, the bank confirmed on Friday, marking the fourth high profile industry departure this week. King joined RBC in June 2011, according to the Financial Conduct Authority register of approved market participants.

  • Total renews oil licence in disputed Western Sahara Friday, 7 Feb 2014 | 11:31 AM ET

    LONDON, Feb 7- Total has renewed its licence to explore off the coast of disputed Western Sahara, where its oil hunt has angered independence activists and pushed a Norwegian investor to withdraw its money from the French energy company.

  • Feb 7- Louis Dreyfus Energy Services LP agreed to pay a civil penalty of $4.1 million and disgorge $3.3 million plus interest to settle U.S. allegations of power market manipulation.

  • Online shoppers help cut Postal Service loss Friday, 7 Feb 2014 | 11:22 AM ET

    The U.S. Postal Service narrowed its losses in its first quarter that ended December as a surge in online shopping and package delivery boosted its revenues.

  • NEW YORK, Feb 7- Global equity markets rallied on Friday as investors pegged a poor U.S. jobs report on bad weather, but bond yields and the dollar fell as the data showed employers hired far fewer workers than expected in January, suggesting economic softness.

  • WASHINGTON, Feb 7- U.S. job creation slowed sharply over the past two months, turning in the weakest performance in three years and raising the prospect that the economy may be losing momentum. The Jekyll and Hyde report from the Labor Department on Friday whipsawed U.S. markets in early trade.

  • The Postal Service has been grappling with tumbling mail volumes as Americans communicate more online, and struggles under the weight of massive required payments for future retiree health benefits. A 2006 law requires the Postal Service to fund 75 years worth of its future retirees' healthcare by 2016..

  • CHICAGO, Feb 7- CBOE Holdings Inc, which runs the largest U.S. stock-options market, reported a rise in quarterly profits on Friday as higher trading volumes generated more income from transaction fees. Shares of CBOE, owner of the Chicago Board Options Exchange, rose 0.8 percent to $52.07.

  • LAGOS, Feb 7- Nigeria's economy is set to grow 6.75 percent this year even though oil theft has cut official output by 400,000 barrels a day and political turmoil is intensifying ahead of 2015 elections, its finance minister said. Nigeria's economy expanded 6.5 percent in 2012 and last year's figure is expected to be roughly the same.

  • Feb 6- Outerwall Inc raised its share buyback program by $500 million to about $650 million, and named a Warner Bros Home Entertainment executive to run its Redbox video-rental business. Outerwall shares rose 10 percent in extended trading after the company reported a better-than-expected quarterly profit, helped by cost cuts.

  • *January payrolls disappoint, December revised up slightly. NEW YORK, Feb 7- U.S. stocks edged up on Friday as a weak reading on the labor market was partly blamed on the weather and initial disappointment was replaced with expectations of further economic strength.

  • Feb 7- Merck& Co said on Friday it will pay $100 million to resolve all U.S. product liability lawsuits alleging it downplayed serious health risks involving its NuvaRing intrauterine contraceptive device.

  • LONDON, Feb 7- Gold steadied on Friday, but failed to retain stronger gains made after softer-than-expected U.S. monthly payrolls data as investors focused on a drop in the U.S. unemployment rate to its lowest since 2008, which lifted stock markets.

  • Feb 7- Cigna Corp on Friday said costs in its private Medicare business were higher than expected in the fourth quarter and might continue on that path in 2014, resulting in a disappointing outlook and pushing its shares down nearly 9 percent.

  • KKR to acquire National Vision for $1 billion Friday, 7 Feb 2014 | 10:36 AM ET
    A file picture of eyeglasses on display.

    Private equity firm KKR & Co said it would acquire National Vision from buyout firm Berkshire Partners in a deal worth nearly $1 billion.

  • UPDATE 1-KKR to buy optical retailer National Vision Friday, 7 Feb 2014 | 10:26 AM ET

    Feb 7- Private equity firm KKR& Co LP said on Friday it would acquire National Vision Inc from buyout firm Berkshire Partners LLC in a bet that consumers would increasingly seek out the budget retailer's low-price contact lenses and eyeglasses.