Latest Business News Wires - Business Headlines


  • *Apple leads market higher on buyback boost. *Online travel agencies' shares jump after Expedia results. NEW YORK, Feb 7- U.S. stocks climbed on Friday, setting the S&P 500 on track for its first weekly gain in four as a weak reading on the labor market was partly blamed on the weather and traders focused on expectations of further economic strength.

  • WASHINGTON, Feb 7- The U.S. Justice Department will close its investigation into Samsung Electronics' use of a special class of essential patents to attack rivals but said it would continue to monitor related patent litigation.

  • PARIS, Feb 7- By referring a complaint against the European Central Bank's bond-buying policy to the European Court of Justice, Germany's constitutional court has sidestepped a crucial dispute over who has ultimate authority in the European Union.

  • *Peugeot-Dongfeng talks to enter final stage in China. PARIS, Feb 7- PSA Peugeot Citroen negotiators and French government officials are leaving for China this weekend, sources familiar with the matter said, for what they hope will be a final round of tie-up negotiations with Dongfeng Motor Group.

  • S&P says sees risks of hard landing in Turkey Friday, 7 Feb 2014 | 12:58 PM ET

    ISTANBUL, Feb 7- Ratings agency Standard& Poor's said on Friday it saw risks of a hard economic landing in Turkey, saying the country's policy environment was becoming less predictable, but it still expected positive GDP growth this year and next.

  • SAN FRANCISCO, Feb 7- Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn's demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month.

  • JOHANNESBURG, Feb 7- Chile's CFR Pharmaceuticals dropped a $1.2 billion bid for South Africa's Adcock Ingram on Friday, paving the way for Adcock's largest shareholder to overhaul the underperforming drugmaker.

  • ISTANBUL, Feb 7- Ratings agency Standard& Poor's downgraded Turkey's credit rating outlook to negative from stable on Friday, while keeping its local rating at BBB and foreign rating at BB+, the agency said on its website.

  • ON BOARD AIR FORCE ONE, Feb 7- The world's largest crop chemicals company, Syngenta AG, has commitments to sell its full supply of a genetically modified corn variety known as Agrisure Viptera or MIR 162 for the 2014 growing season, U.S.

  • Euro STOXX 50 rises 0.9 pct to 3,038.49 points. LONDON, Feb 7- European shares extended their rebound on Friday from last month's losses, helped by mining stocks, as long-term investors bet equities would continue to benefit from the region's gradual economic recovery.

  • Samsung Galaxy Note 3

    The U.S. Justice Department will close its probe into Samsung's use of patents to attack rivals, but said it would continue to monitor patent suits.

  • *Bank of Canada seen less likely to cut rates. Royal Bank of Canada assistant chief economist Paul Ferley said the fact that the unemployment rate fell in January after December's rise laid "to rest concerns that maybe the December number was pointing to an onset of greater weakness in labor markets."

  • WASHINGTON, Feb 7- The U.S. Justice Department will close its investigation into Samsung Electronics' use of a special class of essential patents to attack rivals, but said it would continue to monitor related patent litigation.

  • NEW YORK, Feb 7- Brent crude oil rose by more than $1 to a one-week high on Friday on tighter North Sea supplies and rising heating oil and gasoline prices, which were supported by continued cold and a decline in the U.S. jobless rate.

  • Feb 7- Wall Street's Financial Industry Regulatory Authority is looking at the measures that brokerages are taking to protect their businesses and customers against cyber security threats, the industry-funded regulator said. Cyber attacks have hit millions of customers of well-known retailers including Target Corp and Neiman Marcus.

  • MIAMI, Feb 7- A Florida judge has agreed to an eight-month delay in the trial of Raoul Weil, a former high-ranking UBS banker charged with tax fraud by U.S. authorities. The trial which was due to start on Feb. 18, has been moved back to Oct. 14, according to an order signed by federal Judge James Cohn on Thursday.

  • *U.S. jobs report disappoints, dollar dive short-lived. NEW YORK, Feb 7- The dollar see-sawed after a weaker-than-expected U.S. jobs report on Friday that muddies the waters but is unlikely to dissuade the Federal Reserve from diverting from its path of steadily removing monetary stimulus from the U.S. economy.

  • LONDON, Feb 7- Graeme King has left his role as co-head of foreign exchange spot trading at RBC Capital Markets, the bank confirmed on Friday, marking the fourth high profile industry departure this week. King joined RBC in June 2011, according to the Financial Conduct Authority register of approved market participants.

  • Total renews oil licence in disputed Western Sahara Friday, 7 Feb 2014 | 11:31 AM ET

    LONDON, Feb 7- Total has renewed its licence to explore off the coast of disputed Western Sahara, where its oil hunt has angered independence activists and pushed a Norwegian investor to withdraw its money from the French energy company.

  • Feb 7- Louis Dreyfus Energy Services LP agreed to pay a civil penalty of $4.1 million and disgorge $3.3 million plus interest to settle U.S. allegations of power market manipulation.