Latest Business News Wires - Business Headlines


  • DETROIT, Oct 30- BorgWarner Inc, a maker of automotive engine and drivetrain components, raised its full-year earnings forecast after reporting a 65- percent jump in quarterly profit, due partly to higher demand for turbochargers and all-wheel-drive systems.

  • *GM profit leaps on strong US demand, smaller Europe loss. NEW YORK, Oct 30- U.S. stocks were little changed on Wednesday, with the Dow and the S&P 500 near record highs, ahead of a policy decision by the Federal Reserve later in the day.

  • WASHINGTON, Oct 30- Two weeks was not enough time to test the overall federal health insurance exchange website that launched on Oct. 1, the top U.S. healthcare official told lawmakers on Wednesday.

  • TREASURIES-U.S. bond prices rise on Fed bond-purchase view Wednesday, 30 Oct 2013 | 10:02 AM ET

    NEW YORK, Oct 30- U.S. Recent data signaled the critical labor and housing sectors had already slowed even before the shutdown, bolstering the view the policymakers are unlikely to reduce the Fed's $85 billion monthly purchases of Treasuries and mortgage-backed securities.

  • LONDON, Oct 30- The European Central Bank will soon provide another shot in the arm for Europe's strained banks with a more cheap, long-term loans, according to a firm majority of economists polled by Reuters.

  • U.S. Senate panel to hold Obamacare hearing on Nov. 5 Wednesday, 30 Oct 2013 | 9:58 AM ET

    WASHINGTON, Oct 30- The U.S. Senate Health, Education, Labor, and Pensions Committee plans to hold a hearing on Nov. 5 with Marilyn Tavenner, a top U.S. health official, about the rocky rollout of Obamacare. It marks the first announcement of an oversight hearing in the Democrat-controlled Senate since the glitch-ridden launch of Healthcare.gov on Oct. 1.

  • Intel looking to exit TV business -report Wednesday, 30 Oct 2013 | 9:53 AM ET

    While discussions were in the advanced stages, it was still unclear if Verizon plans to take full control of Intel's media unit or Intel would maintain a stake in the unit, the report said. Representatives from Intel and Verizon did not immediately respond to requests for comment.

  • Oct 30- Shares of Brixmor Property Group Inc, a shopping center company owned by Blackstone Group LP, rose as much as 4 percent in their market debut, valuing the real estate investment trust at about $6.1 billion. The REIT raised $825 million on Tuesday after its initial public offering was priced at $20 per share, the mid-point of the range.

  • Chrysler U.S. fleet sales lowest since Fiat took control Wednesday, 30 Oct 2013 | 9:53 AM ET

    DETROIT, Oct 30- Chrysler Group LLC said that its fleet mix of total U.S. sales fell to 18 percent in the third quarter, down from 24 percent a year before and the lowest since parent Fiat SpA (FIA.MI> took control of the company in 2009..

  • BERLIN, Oct 30- German inflation unexpectedly eased in October due to lower energy costs, remaining well below the ECB's target for the euro zone, preliminary data showed on Wednesday. The European Central Bank targets inflation of close to but just below 2 percent.

  • WASHINGTON, Oct 30- U.S. Health and Human Services Secretary Kathleen Sebelius on Wednesday said she is responsible for the technical problems plaguing healthcare.gov, the federal website for the healthcare law's insurance marketplace.

  • UPDATE 1-Uranium miner Cameco profit jumps, shares climb Wednesday, 30 Oct 2013 | 9:43 AM ET

    Oct 30- Uranium miner Cameco Corp reported a sharp rise in quarterly profit on Wednesday due to higher uranium sales and prices, sending its shares up nearly 6 percent in early trading. Cameco, which has contracts with customers at prices above the spot market, sold 8.5 million pounds of uranium in the third quarter, up from 5.2 million a year earlier.

  • Oct 30- Canadian food processor Maple Leaf Foods on Wednesday reported lower-than-expected results for the third quarter, hurt mainly by weakness in its meat business. The Toronto- based company, one of Canada's biggest pork processors and bakers, said revenue slipped 2.5 percent to C $1.15 billion.

  • *Q3 adj EPS $0.33 vs est $0.32. Oct 30- Corning Inc reported better-than-expected quarterly results, helped by strong demand for its scratch-resistant Gorilla Glass and fiber optic products.

  • NEW YORK, Oct 30- The dollar held steady against a basket of major world currencies in thin trade on Wednesday, with investors wary of taking bold positions before a post-policy meeting statement from the Federal Reserve.

  • Libya's oil exports still restricted, little improvement Wednesday, 30 Oct 2013 | 9:29 AM ET

    LONDON, Oct 30- Libyan crude oil exports showed little improvement on Wednesday after falling to a trickle this week, except for one tanker that was expected to load condensate from the small western port of Mellitah, trading sources said.

  • LONDON, Oct 30- Gold extended earlier gains on Wednesday after weak U.S. jobs data supported the view that the Federal Reserve would signal plans later in the day to keep its stimulus intact for months.

  • Top U.S. health official apologies for troubled website Wednesday, 30 Oct 2013 | 9:25 AM ET

    WASHINGTON, Oct 30- U.S. Health and Human Services Secretary Kathleen Sebelius on Wednesday apologized to Americans for the flawed launch of the federal government's healthcare insurance website. I apologize, "she told the public at a House of Representatives Energy and Commerce Committee panel hearing.

  • MOSCOW, Oct 30- Russia will open up liquefied natural gas exports for companies other than Gazprom under a law passed by the government on Wednesday as part of plans to more than double its global market share by 2020..

  • LONDON, Oct 30- The European Central Bank will soon provide another shot in the arm for Europe's strained banks with a more cheap, long-term loans, according to a firm majority of economists polled by Reuters.

Most Popular Video

Thursday, 17 Apr 2014 | 4:00 PM ET

On this week's "$ave Me," CNBC's Kelli Grant gives tips on how to finally earn enough for that free airline award seat.

Thursday, 17 Apr 2014 | 12:58 PM ET

The FMHR traders reveal their final trades.

Friday, 18 Apr 2014 | 11:00 AM ET

Are economic growth expectations too high? CNBC's Jeff Cox explains.