Latest Business News Wires - Business Headlines


  • May 20- Salesforce.com Inc raised its full-year forecast after reporting a better-than-expected 37 percent rise in quarterly revenue, helped by higher demand for its sales and marketing software. Salesforce.com had earlier forecast adjusted earnings of 48- 50 cents per share on revenue of $5.25 billion- $5.30 billion.

  • U.S. FDA approves Takeda drug for colitis and Crohn's Tuesday, 20 May 2014 | 4:33 PM ET

    May 20- U.S. health regulators on Tuesday approved a drug from Japan's Takeda Pharmaceutical Co Ltd to treat the chronic debilitating inflammatory diseases ulcerative colitis and Crohn's disease.


  • CAPE CANAVERAL, Fla. May 20- Worldwide spending on satellites, launches and support services increased to $314 billion in 2013, up 4 percent from 2012, even though the U.S. government reduced its own space spending, an industry association reported this week.

  • WASHINGTON, May 20- The United States on Tuesday sanctioned 12 Russians for human rights abuses, including officials who allegedly withheld medical care from a lawyer who died in prison after exposing large-scale corruption in Russia.

  • May 20- Wells Fargo& Co plans to return as much as 75 percent of its profit to shareholders, up from 34 percent in 2013, a top executive said on Tuesday.

  • OSLO, May 20- More than a third of South Sudan's population, or 4 million people, will be on the brink of starvation by the end of 2014 as fighting rages in the world's newest country, U.N. officials said on Tuesday. Farmers should be planting their crops right now, " United Nations' aid chief Valerie Amos told a donors' conference in Oslo.

  • Salesforce.com revenue beats estimates Tuesday, 20 May 2014 | 4:12 PM ET

    May 20- Salesforce.com Inc reported a better-than-expected 37 percent rise in quarterly revenue, helped by higher demand for its sales and marketing software. Revenue jumped to $1.23 billion in the first quarter ended April 30 from $892.6 million a year earlier.

  • May 20- Intuit Inc reported a 20 percent jump in quarterly profit due to strong demand for its tax-preparation software TurboTax and accounting software QuickBooks. The company's net income rose to $984 million, or $3.39 per share, in the third quarter ended April 30 from $822 million, or $2.71 per share, a year earlier.

  • NEW YORK, May 20- U.S. The Fed likely will be "relatively slow" in hiking interest rates, New York Federal Reserve President William Dudley said at a New York event. "was very dovish," said Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch in New York.

  • NEW YORK, May 20- U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in the afternoon, led by losses in the retail sector after disappointing results from Staples and TJX Companies.

  • *Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose modestly on Tuesday supported by instability in Libya, pulling U.S. oil for July delivery higher in spite of expectations for an increase in domestic stockpiles.

  • NEW YORK, May 20- The Federal Reserve should be able to raise interest rates slowly when it eventually tightens monetary policy given that slack in the U.S. economy is restraining inflation, a top official at the central bank said on Tuesday.

  • HONG KONG, May 20- Demand to pull out money from hedge funds rose to five month high in May as investors looked to adjust their portfolios ahead of the mid-year point. The bulk of the activity in May represented typical semi-annual requests, Bill Stone, chairman and chief executive of SS&C Technologies, said in a statement.

  • CARACAS, May 20- Mediators from the Union of South American States urged Venezuela's government and opposition back to the negotiating table on Tuesday after failing to revive talks to stem months of protests in the polarized nation.

  • *Credit Suisse will not hand over client data to U.S. WASHINGTON/ NEW YORK/ ZURICH, May 20- Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a U.S. criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes.

  • NEW YORK, May 20- The dollar fell against the yen on Tuesday for a fifth straight session, undermined by a persistent drop in U.S. The greenback could decline further against the yen if the Bank of Japan does not expand its asset purchase program.

  • WASHINGTON, May 20- The U.S. House of Representatives will vote this week on a bill to make it easier for the Department of Veterans Affairs to fire or demote senior executives, officials said on Tuesday, following accusations that veterans' healthcare delays have led to preventable deaths.

  • *Wall Street off as retail earnings disappoint. Retailers such as TJX Companies, which posted lower-than-expected quarterly revenue, were among the biggest drags on U.S. stocks, along with Caterpillar, which said retail statistics for the three months to April were down 13 percent.

  • *Target replaces Canadian president with 15- year U.S. veteran. *Target to announce 1st- qtr financial results on Wednesday. Some analysts said that Target needs to look beyond its ranks to address profound problems in Canada, which lost $941 million before interest and taxes last year, while generating $1.3 billion in sales.