Latest Business News Wires - Business Headlines


  • Shares of the company, whose customers include AT&T Inc and Verizon Communications Inc, rose about 3 percent in extended trading. AT&T has estimated capital expenditure of about $21 billion for this year, while Verizon has said it expected to spend about $17 billion.

  • SAN FRANCISCO, April 23- Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

  • TEXT-New Zealand cenbank raises OCR to 3 pct Wednesday, 23 Apr 2014 | 5:11 PM ET

    WELLINGTON, April 24- The Reserve Bank today increased the OCR by 25 basis points to 3 percent. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Growth is gradually increasing in New Zealand's trading partners, but inflation in those economies remains low.

  • WELLINGTON, April 24- New Zealand's central bank raised its benchmark cash rate by 25 basis points to 3.00 percent on Thursday, as expected, and said there would be further increases to keep on top of inflation pressures in the strongly-growing economy. New Zealand's 3.0 percent official cash rate compares with Australia's 2.50 percent, the U.S.

  • The group, Digital 4th, on Wednesday launched www.notwithoutawarrant.com, a website urging the public to lobby the White House to support sweeping changes to federal privacy laws proposed in Congress in 2013..

  • SINGAPORE, April 24- The next hacker playground: the open seas- and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet.

  • TOKYO, April 24- For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time.

  • White House considers bank experts for Fed board -sources Wednesday, 23 Apr 2014 | 4:58 PM ET

    WASHINGTON, April 23- The White House is weighing candidates with community banking backgrounds to fill gaps on the Federal Reserve's powerful but depleted board, according to sources familiar with the efforts.

  • April 23- LPL Financial Holdings Inc, one of the five biggest U.S. broker-dealers, reported a 3 percent fall in quarterly profit as operating expenses ballooned to almost $1 billion. The company's net income slipped to $53.1 million in the first quarter ended March 31 from $54.7 million. On a per share basis, earnings were flat at 51 cents.

  • OTTAWA, April 23- Canada will require that older rail cars used for carrying crude oil be phased out by May 2017, the government said on Wednesday, moving ahead of the United States to ban the controversial cars in light of burgeoning oil-by-rail traffic and a deadly accident last year.

  • Cheesecake Factory says weather hits profit, shares fall Wednesday, 23 Apr 2014 | 4:51 PM ET

    LOS ANGELES, April 23- Cheesecake Factory Inc on Wednesday reported quarterly profit that fell from a year ago, due to severe winter weather, a holiday shift and costs associated with the pending settlement of a legal claim.

  • April 23- ServiceNow Inc, which makes software to automate and manage IT services, forecast second-quarter and full-year revenue above Wall Street estimates. ServiceNow shares rose about 4 percent in extended trading after they closed at $53.07 on the New York Stock Exchange.

  • UPDATE 1-Zynga's Pincus withdraws further from operations Wednesday, 23 Apr 2014 | 4:49 PM ET

    SAN FRANCISCO, April 23- Zynga Inc co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday, taking on an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan.

  • April 23- Xilinx Inc, a maker of programmable chips, forecast current-quarter revenue largely below analysts' estimates, sending the company's shares down 6 percent in extended trading. Xilinx said it expected first-quarter revenue to stay flat to rise 4 percent from the fourth quarter.

  • April 23- Videoconferencing equipment maker Polycom Inc reported a better-than-expected quarterly adjusted profit as cost cuts, including workforce reductions, boosted margins. The company posted a first-quarter loss of $4 million, or 3 cents per share, compared with a profit of $2.6 million, or 1 cent per share, a year earlier.

  • Texas Instruments' quarterly revenue rises Wednesday, 23 Apr 2014 | 4:40 PM ET

    April 23- Texas Instruments Inc reported a 3 percent rise in quarterly revenue due to improved demand for its chips used in cars, appliances, computers and industrial products and strong growth in its analog chips business.

  • SAN FRANCISCO, April 23- The city of San Francisco sued two landlords on Wednesday for allegedly evicting tenants to rent out rooms on such websites as Airbnb, opening a new front in a controversy over increasingly popular home-rental services.

  • *AT&T falls after results, but Boeing rallies. *Amgen drags biotech lower, but Gilead gains. NEW YORK, April 23- U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.

  • SAN FRANCISCO, April 23- Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

  • COLUMN-When the best offense is defensive stocks Wednesday, 23 Apr 2014 | 4:30 PM ET

    LONG BEACH, Calif., April 23- You've been on offense with your global stock portfolio for five years, running up the score in sectors like consumer discretionary and technology stocks that have outperformed the broad market. Jamie Doyle, co-manager of the Causeway Global Value Fund, is not ready to make a wholesale switch into defensive plays.