Latest Business News Wires - Business Headlines


  • TOKYO, Feb 7- Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong rally on Wall Street and hopeful signs the upcoming U.S. payroll report could put some global growth concerns to rest.

  • CARACAS, Feb 6- Venezuela's central bank will hold a larger-than-usual $440 million currency auction next week, President Nicolas Maduro said on Thursday, after the bank canceled this week's dollar sale due to undisclosed "anomalies."

  • HONG KONG, Feb 7- Internet search company Google Inc bought a 5.94 percent stake in China's Lenovo Group Ltd last month for $750 million, according to a disclosure on the Hong Kong stock exchange. Google acquired 618.3 million Lenovo shares at $1.213 per share on Jan. 30, the stock exchange said late on Thursday.

  • Feb 6- Apple Inc has repurchased $14 billion worth of its stock in the last two weeks after disappointing first-quarter results, the Wall Street Journal reported quoting Chief Executive Tim Cook. Cook told the paper in an interview that Apple was "surprised" by the 8 percent decline in its shares on Jan. 28, the day after it reported quarterly results.

  • *Foreigners seen buying back after Japan shares underperformed. *Sony jumps 5 pct on restructuring plan. TOKYO, Feb 7- Japan's Nikkei average jumped 2 percent on Friday morning, moving away from a four-month low hit earlier this week, as investor sentiment was brightened by a rally on Wall Street and hopes for an upbeat U.S. jobs report later in the day.

  • *Baytex offers A $4.10 per share for Aurora Oil& Gas. CALGARY, Alberta/ SYDNEY, Feb 7- Canadian heavy oil producer Baytex Energy Corp has agreed to buy Aurora Oil& Gas Ltd for C $2.6 billion including debt, targeting the Australian company's Texas shale oil assets and driving its shares to a 15- month high.

  • SYDNEY, Feb 7- London copper was set to post its largest weekly rise this year on Friday after encouraging signs in the U.S. labour market boosted optimism about global growth, while Shanghai copper rose as China returned from a week-long break.

  • SEOUL, Feb 7- U.S. crude oil futures traded near $98 a barrel on Friday, gleaning support from a continuing cold spell that has spurred fuel demand, as investors braced for a critical jobs report to gauge the health of the economy. *U.S. crude gained 3 cents at $97.87 a barrel as of 0029 GMT, after it settled 46 cents higher at $97.84 a barrel on Thursday.

  • SAN FRANCISCO, Feb 6- Activision Blizzard Inc reported better-than-expected fourth-quarter income on strong sales of its "Call of Duty" titles during the holidays, helping drive its stock to a five-year high despite a middling first-quarter outlook.

  • SINGAPORE, Feb 7- Gold was little changed on Friday ahead of a key U.S. jobs report but the metal looked poised to post a gain for a sixth week out of seven as global equities remained on edge over economic growth concerns. *Spot gold was largely flat at $1,256.35 an ounce by 0020 GMT.

  • *Cold War echoes as Moscow warns it could intervene in Ukraine. KIEV, Feb 7- An east-west struggle over Ukraine turned nastier as Moscow accused the United States of fomenting a coup and Washington pointed a finger at Russia for leaking a recording of U.S. diplomats discussing how to shape a new government in Kiev.

  • TOKYO, Feb 7- Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong night on Wall Street and hopeful signs an upcoming crucial U.S. jobs report will put to bed some of the global growth concerns.

  • WASHINGTON, Feb 6- Defense Secretary Chuck Hagel recognized the Marine Corps on Thursday for achieving a clean audit on a slice of its 2012 budget but acknowledged the Pentagon was "not where we need to be" as it works to reach full audit readiness by 2017..

  • DIARY - Top economic events to Feb 20 Thursday, 6 Feb 2014 | 7:01 PM ET

    CONVENTRY, United Kingdom- Warwick Economics Summit 2014. DUBLIN- ECB Executive Board member Yves Mersch speaks at the Institute of International European Affairs- 1000 GMT. LONDON- Bank of Greece Governor George Provopoulos delivers a Golden Series lecture on "The Greek financial crisis: From Exit to Recovery" in United Kingdom- 1030 GMT.

  • 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.

  • Feb 6- OpenTable Inc, an online restaurant booking service provider, forecast a weaker-than-expected profit for the current quarter as it hires more employees and increases investment on marketing. OpenTable said marketing costs would also increase by about $9 million as it accelerates investments on online marketing.

  • SAN FRANCISCO, Feb 6- LinkedIn Corp delivered revenue forecasts that fell short of Wall Street's expectations, deflating hopes that the high-flying professional social network can sustain its growth streak and sending its stock 8 percent lower.

  • WEDNESDAY, Feb 6- The Target Corp hackers managed to break into its payments network by first breaching a "data connection" between the U.S. retailer and its heating and ventilation systems contractor, a representative for the contractor said on Thursday.

  • TOKYO, Feb 7- The dollar drifted slightly lower in early Asian trading on Friday, as investors cautiously awaited the latest non-farm payrolls report for clues on the health of the U.S. labour market and the broader economy.

  • UPDATE 2-News Corp grip on costs helps beat Street Thursday, 6 Feb 2014 | 6:27 PM ET

    Feb 6- News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts forecasts. Shares in News Corp rose 4 percent in after-hours trading after closing at $16.02 on Thursday.