Latest Business News Wires - Business Headlines


  • OTTAWA, Feb 5- Canadian Labour Minister Kellie Leitch said on Wednesday the Conservative government plans to introduce back-to-work legislation to deal with a potential strike at Canadian National Railway Co, the country's No. 1 rail operator.

  • Feb 5- Akamai Technologies Inc reported better-than-expected quarterly results as its media and entertainment clients used more of its content delivery services to manage traffic over the Internet. Akamai's shares rose 5 percent in trading after the bell. Akamai's revenue rose 15 percent to $436 million in the fourth quarter.

  • NEW YORK, Feb 5- Deutsche Bank has fired a currency trader in Argentina amid investigations by global regulators into alleged manipulation of the foreign exchange market, according to a source familiar with the matter, bringing to four the number of traders the bank has dismissed.

  • LOS ANGELES, Feb 5- Media company Walt Disney Co reported higher profit for the quarter that ended in December, beating Wall Street expectations with growth at sports network ESPN and the strong performance of its animated hit film "Frozen."

  • NEW YORK, Feb 5- The price of Renewable Identification Number credits extended gains on Wednesday, with ethanol RINs for the 2013 compliance year breaking the 50 cent mark for the first time since September amid refiner buying, traders said. So-called E13 RINs traded as high as 53 cents each, traders said, and were heard traded at 52.5 cents by mid-afternoon.

  • US STOCKS-Wall St closes lower, but bounces off support Wednesday, 5 Feb 2014 | 4:48 PM ET

    *Gilead Sciences shares weigh the most on S&P 500. NEW YORK, Feb 5- U.S. stocks dipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week.

  • Coca-Cola takes $1.25 billion stake in Green Mountain Wednesday, 5 Feb 2014 | 4:47 PM ET

    Feb 5- Green Mountain Coffee Roasters Inc, maker of the popular Keurig single-cup coffee brewer, said on Wednesday that Coca-Cola Co has bought a 10 percent stake in it for $1.25 billion. The deal is part of a 10- year agreement to collaborate on the development and introduction of Coca-Cola products on Green Mountain's planned cold beverage machines.

  • SAN FRANCISCO, Feb 5- Twitter Inc reported its slowest pace of user growth during the fourth quarter, dashing hopes the social media phenomenon can sustain its torrid pace of expansion and wiping out more than 10 percent of its value on Wednesday. The company posted better-than expected quarterly revenue of $243 million in its first results as a public company.

  • Recall: Fake parts found in 17,590 Aston Martins Wednesday, 5 Feb 2014 | 4:40 PM ET

    Aston Martin is recalling most of its cars built since 2007 after discovering a Chinese supplier was using counterfeit plastic in a part.

  • *4th- qtr operating profit $1.70/ share vs est $1.38. Feb 5- Allstate Corp's fourth-quarter profit handily beat average Wall Street estimate as disaster losses fell and premiums rose across all businesses. On an operating basis, Allstate earned $1.70 per share.

  • LOS ANGELES, Feb 5- Media company Walt Disney Co reported higher profit for the quarter that ended in December, boosted by growth at sports network ESPN and the strong performance of its animated hit film "Frozen." Disney shares climbed to $72.81 in after-hours trading, up 1.5 percent from their earlier $71.76 close on the New York Stock Exchange.

  • NEW YORK/ LONDON, Feb 5- New York banking regulator Benjamin Lawsky is seeking documents from some of the biggest banks in foreign exchange trading, including Deutsche Bank, Goldman Sachs and Barclays, a source familiar with the matter said Wednesday, as a global probe into possible market manipulation widens.

  • Shutterfly profit falls as expenses climb Wednesday, 5 Feb 2014 | 4:29 PM ET

    Feb 5- Online photo-sharing services provider Shutterfly Inc reported an 18 percent fall in quarterly profit due to higher expenses, sending its shares down 9 percent after the bell. The company's profit fell to $43.6 million, or $1.10 per share in the fourth quarter ended Dec. 31, from $53.0 million, or $1.40 per share, a year earlier.

  • Insurer Prudential Financial posts wider loss Wednesday, 5 Feb 2014 | 4:26 PM ET

    Feb 5- Prudential Financial Inc, the second-largest U.S. life insurer, reported a wider loss as premium income fell and Japanese yen strengthened. Net loss in the financial services businesses attributable to the company widened to $427 million, or 94 cents per share, for the quarter ended Dec. 30 from $185 million, or 42 cents per share, a year earlier.

  • SAN FRANCISCO, Feb 5- Twitter Inc reported anemic user growth during the final three months of 2013, sending shares sinking after its first quarterly report as a public company. Shares dropped more than 10 percent to $58 in after hours trading.

  • Yelp's quarterly revenue rises 72 pct Wednesday, 5 Feb 2014 | 4:14 PM ET

    Feb 5- Consumer review website Yelp Inc posted a 72 percent rise in quarterly revenue, helped by strength in its mobile advertising businesses and the addition of more customers. Yelp's shares rose about 5 percent in extended trading.

  • NEW YORK, Feb 5- U.S. stocks closed lower on Wednesday after the latest batch of mixed data failed to improve sentiment following Monday's weak report on the manufacturing sector, which drove the S&P 500 to its worst drop since June.

  • SAN FRANCISCO, Feb 5- Twitter Inc made $243 million in revenue during the fourth quarter, topping investors' expectations in its first quarterly report as a public company. The online messaging service had been expected to post sales of $218.2 million, on average. But user growth, a closely watched metric, appeared to falter.

  • WASHINGTON, Feb 5- Investors that have bid up the preferred and common shares of government-controlled Fannie Mae and Freddie Mac are starting to get louder. President Barack Obama and Democrats and Republicans in Congress want to wind down Fannie Mae and Freddie Mac.

  • WASHINGTON, Feb 5- President Barack Obama's administration announced the formation on Wednesday of seven "climate hubs" help farmers and rural communities adapt to extreme weather conditions and other effects of climate change.