Latest Business News Wires - Business Headlines


  • Corporate investment and tourist arrivals have shrunk while unemployment and inflation have risen since the overthrow of Tunisia's autocratic leader Zine al-Abidine Ben Ali in January 2011 launched a protracted period of political tensions.

  • BUENOS AIRES, Oct 27- Argentine President Cristina Fernandez is expected to lose some of her congressional clout in Sunday's midterm election as the ailing leader faces complaints over galloping inflation and a weakening currency.

  • She will face Republicans eager to prove, thus far unsuccessfully, that the White House orchestrated decisions that may have stalled the system. The White House has scrambled to fix technical issues and disputes Republican allegations that political motives were behind changes in the website's function.

  • NEW YORK, Oct 26- New York civil rights leaders on Saturday decried the city's brewing "shop-and-frisk" scandal, in which major retailers Barneys and Macy's are accused of profiling black shoppers who say they were detained by police after buying luxury items.

  • NEW YORK, Oct 26- The New York Stock Exchange on Saturday did a test run of Twitter's highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook's initial public offering on rival Nasdaq.

  • Ecuador sees GDP growth of 4.5 pct to 5.1 pct next year Saturday, 26 Oct 2013 | 2:17 PM ET

    QUITO, Oct 26- Ecuador's economic growth will accelerate to as high as 5.1 percent next year, despite less revenue from the oil industry, and inflation is expected to slow to 3.2 percent, President Rafael Correa said on Saturday.

  • ALGIERS, Oct 26- Algeria's Sonatrach has made a new oilfield discovery with estimated reserves of 1.3 billion barrels in the region of Tamguid Messaoud near Ouargla city, APS state news agency said on Saturday.

  • U.S. website offers morbid glimpse into home's history Saturday, 26 Oct 2013 | 9:00 AM ET

    Oct 26- Home buyers, ghost hunters and the morbidly curious have flocked to a U.S. website designed to reveal whether a dwelling they feel may be haunted actually harbors a deadly past. Launched in June by Roy Condrey, 42, a software developer who also owns rental properties, the DiedInHouse.com site can show users- for a fee- if and when a death has occurred in a home.

  • China leader promises 'unprecedented' reforms Saturday, 26 Oct 2013 | 7:57 AM ET
    A policeman patrols under a giant communist emblem on the Tiananmen Square on June 28, 2011 in Beijing, China.

    A top Chinese leader has promised "unprecedented" economic and societal reforms at the Communist Party's plenum meeting next month, state media reported on Saturday.

  • WASHINGTON, Oct 26- President Barack Obama promised on Saturday that his troubled healthcare website was just weeks away from a cure as he struggled to convince Americans he is on top of what has become a self-inflicted wound to his signature first-term achievement.

  • BEIJING, Oct 26- A top Chinese leader has promised "unprecedented" economic and societal reforms at the Communist Party's much anticipated plenum meeting next month, state media reported on Saturday. Yu's comments are among the first from China's top leaders about the plenum, where President Xi Jinping is expected to press for greater economic reforms.

  • SALMON, Idaho, Oct 25- A General Electric Co subsidiary has dropped its appeal of a federal court order barring a massive shipment of tar sands oil-field equipment from being trucked along a scenic Idaho roadway that cuts through the Indian homelands of the Nez Perce Tribe.

  • RIO DE JANEIRO, Oct 25- Brazil's state-run oil company, Petrobras, said on Friday that quarterly profit fell 39 percent from a year ago as rising exploration and administrative costs drove up spending while fuel subsidies and weak production growth hurt revenue.

  • FRANKFURT, Oct 25- Germany's ThyssenKrupp could seek a partner to set up steel processing in Brazil if it fails to sell its steel mill in the Latin American country, the Wall Street Journal Deutschland reported, citing sources.

  • DETROIT, Oct 25- Detroit Emergency Manager Kevyn Orr did not speak about filing for Chapter 9 municipal bankruptcy in his first meetings with Michigan state officials before he was named to his post, according to testimony he delivered on the third day of the city's bankruptcy eligibility trial.

  • WASHINGTON, Oct 25- Errors in the maintenance paperwork used to track readiness of the U.S. Marine Corps V-22 aircraft were so numerous between 2008 and 2011 they could have led officers to deploy squadrons that were unprepared for their missions, investigators reported on Friday.

  • WASHINGTON, Oct 25- A proposal that would require stock exchanges to be better equipped to handle market disruptions does not go far enough to hold senior officials accountable for failures, Securities and Exchange Commission member Luis Aguilar said on Friday. The SEC proposed in March the "Regulation Systems Compliance and Integrity," or Reg SCI.

  • Frank Kendall, undersecretary of defense for acquisition, technology and logistics, is asking the Pentagon office that runs the $392 billion F-35 program to map out how it will ensure the quality, reliability and maintainability of the new warplanes as production ramps up in coming years, said the officials, who were not authorized to speak publicly.

  • Oct 25- Todd Park has gone from steering his healthcare information technology company through a blockbuster IPO to occasionally sleeping on a mat in his office while working to repair the troubled new U.S. government healthcare website.

  • NEW YORK, Oct 25- The Federal Reserve meeting next week is not on the minds of as many people as when it met in September, but its decision to do nothing last month is providing the fuel for more share gains in Apple and Facebook, which report results next week.

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