Latest Business News Wires - Business Headlines


  • HELSINKI, Feb 12- Finnish mobile game maker Supercell plans to launch a third game next month, hoping to replicate its success with hits "Clash of Clans" and "Hay Day" that helped it to earn $892 million in revenue last year.

  • RPT-Critics claim Volcker rule skirts cost-benefit laws Wednesday, 12 Feb 2014 | 7:00 AM ET

    Lawyers for the business lobby group are combing through the 1995 Unfunded Mandates Reform Act, which the Office of the Comptroller of the Currency has said directs it to assess the economic impact of any new rule that will cost the government or private sector $100 million or more.

  • WILMINGTON, Del., Feb 12- A judge who found what he called a "startling pattern" of abuse by plaintiffs' lawyers may have shifted the landscape of asbestos litigation with a ruling in favor of manufacturers.

  • BRASILIA, Feb 12- Embraer SA, the world's largest maker of regional aircraft, forecast on Wednesday that Asia-Pacific carriers will take delivery of a total 1,500 jets in the 70-130 seat capacity range over the next 20 years, worth around $70 billion. Embraer has more than an 80 percent share of the Asia-Pacific market for 70-130 seat jets, according to the company.

  • *Euro zone banks gain after good SocGen and ING earnings. LONDON, Feb 12- One of Europe's top regional indexes extended its gains to six days on Wednesday, its best winning streak of the year, after good earnings and bullish news from China and the United States. Euro zone banks rose 1.4 percent, buoyed by good results from France's Societe Generale and Dutch bank ING.

  • EU Commission pushes to dilute U.S. Internet influence Wednesday, 12 Feb 2014 | 6:42 AM ET

    *EU's Kroes wants strong role for Europe in shaping internet. BRUSSELS, Feb 12- The European Commission called on Wednesday for a dilution of U.S. influence over the organisation of the Internet, a sign of tension following snooping exposed by former U.S. spy agency contractor Edward Snowden.

  • *Gold eases from 3- month highs. LONDON, Feb 12- Gold edged lower on Wednesday as equity markets rallied after the new Federal Reserve chief painted an optimistic economic outlook that whetted investor risk appetite.

  • BRUSSELS, Feb 12- Euro zone industrial output fell more than expected in December, data showed on Wednesday, but probably not by enough to have stopped economic growth from picking up slightly in the last three months of the year.

  • FRANKFURT, Feb 12- The status of the European Central Bank's flagship crisis-fighting tool is unchanged after the assertion of Germany's top court that it exceeded the bank's mandate, ECB Executive Board member Benoit Coeure said.

  • LONDON, Feb 12- Brent crude oil edged above $109 a barrel on Wednesday on data showing Chinese oil imports hit a record high last month, raising hopes of strengthening demand from the world's No. 2 economy and biggest net oil importer.

  • LONDON, Feb 12- The Bank of England hinted on Wednesday that interest rates may need to rise in just over a year after it sharply revised up its forecasts for economic growth over the next three years.

  • Air Canada quarterly net loss narrows as expenses fall Wednesday, 12 Feb 2014 | 6:11 AM ET

    Feb 12- Air Canada, the country's largest carrier, reported a smaller quarterly net loss, helped by lower expenses. The company's net loss narrowed to C $6 million, or 2 Canadian cents per share, in the quarter ended Dec. 31 from C $60 million, or 22 Canadian cents per share, a year earlier. Excluding items, Air Canada earned 1 Canadian cent per share.

  • *China import growth hits 6- month high, beats forecasts. *China copper imports surge by 53.2 pct to record in Jan. LONDON, Feb 12- Copper bounced on Wednesday after two days of losses, boosted by Chinese trade data showing record December imports, well-received comments from the new U.S. central bank chief and a U.S. debt limit deal.

  • President Barack Obama will sign an executive order on Wednesday to raise the minimum wage for federal contract workers to $10.10 an hour starting next year, the White House said.

  • Feb 12- South Korea's refusal to revise estimates of future greenhouse gas emissions could earn it the world's highest carbon price, and have a potentially damaging impact on its export-oriented industry, according to a report released by Thomson Reuters Point Carbon.

  • SAO PAULO, Feb 12- Brazilian education company Abril Educação SA is in talks with private equity funds Carlyle and KKR over the sale of a minority stake in the company for up to 450 million reais, newspaper Valor Economico said on Wednesday.


  • *Organic capex to be cut to $26 bln in 2014 vs $28 bln in 2013. PARIS, Feb 12- French oil firm Total raised its dividend on Wednesday and confirmed it would cut capital spending even though output was stalling, falling into line with industry peers by reducing investment to try to boost shareholder returns.

  • LONDON, Feb 12- Emerging stocks rose 1 percent on Wednesday to three-week highs, boosted by solid Chinese trade data and the new Federal Reserve boss who testified that there were no plans to speed up the pace of stimulus withdrawal. Currencies also rose, led by the Hungarian forint's half percent gains, while in Asia, the Korean won hit a one-month high to the dollar.

  • Prada 2013 sales growth of 9 pct lags estimates Wednesday, 12 Feb 2014 | 5:22 AM ET

    HONG KONG, Feb 12- Italian fashion house Prada SpA said on Wednesday that sales grew just 9 percent in the year ended Jan. 31, hurt by economic weakness in Europe and a stronger euro.