GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • LONDON/ STOCKHOLM Jan 28- IKEA Group, the world's biggest furniture retailer, expects a rise in European revenues to continue this financial year, with its focus on low prices helping it to cope in a struggling economy. The privately-held Swedish company, which makes almost 70 percent of sales in Europe, said on Wednesday demand in previously crisis-hit...

  • Canadian fund manager AGF's profit jumps 78 pct Wednesday, 28 Jan 2015 | 8:32 AM ET

    The company's net income from continuing operations rose to C $12.6 million, or 14 Canadian cents per share, in the third quarter ended Nov. 30 from C $7.1 million, or 8 Canadian cents per share, a year earlier.

  • KCG to sell forex trading platform Hotspot to BATS Global Wednesday, 28 Jan 2015 | 8:30 AM ET

    Jan 28- Financial services provider KCG Holdings Inc said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash. The transaction is expected to increase KCG's tangible book value by about $2 per share upon close. The transaction is expected to be completed in the second quarter of 2015, KCG said on...

  • Jan 28- Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Apple sold a record 74.5 million iPhones in the quarter and reported a 70 percent surge in China sales. "We had to increase our cell...

  • LONDON, Jan 28- The Bank of England will keep interest rates at a record low until at least October as inflation remains stubbornly below target, according to economists in a Reuters poll who have grown more confident about their views. The firming of the consensus view for the fourth quarter of 2015 comes just days after the European Central Bank announced a...

  • UPDATE 1-OMV, Gazprom amend gas supply deal terms Wednesday, 28 Jan 2015 | 8:15 AM ET

    VIENNA, Jan 28- Austrian energy group OMV and Russian natural gas exporter Gazprom have agreed to amend a long-term contract for gas supplies, OMV said on Wednesday without disclosing details. Alexander Medvedev, deputy head of Gazprom's management committee, and OMV Chief Executive Gerhard Roiss signed the amendment at a meeting in Vienna, OMV said in a...

  • LONDON, Jan 28- A local English government council has delayed a decision on whether shale gas firm Cuadrilla can progress with two fracking projects in a test case showing the challenges facing the industry in Britain. The vote over what could be Britain's first shale-producing wells has been closely watched by the industry and environmental campaigners as...

  • Jan 28- Rockwell Automation Inc, which makes automation systems that help factories run smoothly, lowered its 2015 revenue and profit forecast, anticipating the impact of a stronger dollar and lower oil prices. Rockwell, which received almost half of its revenue from outside the United States in the previous financial year, cut its full-year revenue forecast...

  • UPDATE 1-Boeing's profit rises on higher deliveries Wednesday, 28 Jan 2015 | 8:04 AM ET

    Jan 28- Boeing Co, the world's biggest planemaker, reported a 19 percent rise in quarterly profit, helped by booming demand for commercial aircraft. Boeing's shares rose about 4 percent in premarket trading. Boeing's net profit rose to $1.47 billion, or $2.02 per share, in the quarter from $1.23 billion, or $1.61 per share, a year earlier.

  • *Gazprom cannot afford to lose Ukraine. MOSCOW/ KIEV, Jan 28- Ukraine has a stronger hand to play at talks with Russia on gas supplies thanks to the fall in oil prices, which has dragged down gas prices, and after showing it can live on less. Although a milder winter and a scramble for other sources has shown Ukraine can survive with less gas from Russia, it still needs it to...

  • MOSCOW, Jan 28- Russia's Economy Ministry is reviewing a request by oil company Rosneft for 1.3 trillion roubles from the National Wealth Fund to fund 28 projects, Deputy Economy Minister Nikolai Podguzov said on Wednesday.

  • Greek banks extend slide to peg back European shares Wednesday, 28 Jan 2015 | 7:53 AM ET

    LONDON/ PARIS, Jan 28- European shares dipped on Wednesday, with Greek stocks extending the sell-off sparked by anti-bailout party Syriza's victory in Sunday's election. It has plummeted 98.6 percent since late 2009, before Europe's sovereign debt crisis started. The combined value of the top four Greek listed banks, Alpha Bank, Piraeus Bank, National Bank of...

  • US STOCKS-Futures up with Apple, Boeing; Fed eyed Wednesday, 28 Jan 2015 | 7:49 AM ET

    *Yahoo unveils plan to spin off Alibaba stake. NEW YORK, Jan 28- U.S. stock index futures rose on Wednesday, boosted by earnings including from Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year. *Yahoo gained 6.7 percent after it unveiled plans to spin off its 15 percent stake in Alibaba Group...

  • MOSCOW, Jan 28- Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it. The 2.34 trillion rouble spending plan includes 1.55 billion roubles to support banks, most of which was already...

  • RUSSIAN ECONOMY MINISTRY SAYS ROSNEFT SHOULD SELECT MOST IMPORTANT PROJECTS FOR FUNDING.

  • RUSSIAN ECONOMY MINISTRY SAYS REVIEWING REQUEST FROM ROSNEFT FOR 1.3 TRILLION ROUBLES FROM NATIONAL WEALTH FUND.

  • BEIJING, Jan 28- Chinese regulators will launch a fresh investigation into stock margin trading, and banks have been told to tighten lending supervision to avoid loans being funnelled into stock markets, three sources with direct knowledge of the matter told Reuters. The China Securities Regulatory Commission and the China Banking Regulatory Commission...

  • Boeing's profit gets boost from higher deliveries Wednesday, 28 Jan 2015 | 7:40 AM ET

    Jan 28- Boeing Co reported a 19 percent increase in quarterly profit, helped by booming demand for commercial aircraft. The company earned $1.47 billion, or $2.02 per share, for the fourth quarter ended Dec. 31, up from $1.23 billion, or $1.61 per share, a year earlier. Core earnings, which exclude pension and other costs, rose to $2.31 per share from $1.88.

  • Jan 28- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a 42 percent jump in fourth-quarter profit and said quarterly aircraft orders were at their highest in more than three years. General Dynamics said on Wednesday it returned about $4.2 billion to shareholders through stock repurchases and dividends in 2014, more than...

  • LONDON, Jan 28- Stocks and the dollar retrenched on Wednesday amid speculation the Federal Reserve will take a dovish turn in its post-meeting statement later as signs emerge that the greenback's strength is hurting company profits. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts saw European shares...