Latest Business News Wires - Business Headlines


  • 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.

  • JPMorgan's Masters joins regulator advisory committee Thursday, 6 Feb 2014 | 6:12 PM ET

    WASHINGTON, Feb 6- Blythe Masters, who heads JPMorgan's commodity business, has joined a committee advising the U.S. derivatives regulator, the agency said on Thursday, a move that comes as Masters' bank is shedding part of its physical commodity operations.

  • Feb 6- Merck& Co has agreed to pay $100 million to settle hundreds of lawsuits accusing the U.S. drugmaker of downplaying serious health risks associated with its NuvaRing contraceptive device, Bloomberg reported on Thursday, citing people familiar with the deal.

  • *SodaStream shares up on takeover speculation. Feb 6- Coca-Cola Co's $1.3 billion investment in Green Mountain Coffee Roasters Inc puts pressure on at-home soda leader SodaStream International Ltd to bolster its position through a partnership or merger with the likes of a PepsiCo Inc or Dr Pepper Snapple Group Inc..

  • The estimate by the Pembina Institute, which has opposed oil sands development, is the latest salvo in the battle by some groups to block plans to build new pipelines from Canada's oil patch.

  • CHICAGO, Feb 6- Kia Motors Corp rolled out an electric version of its Soul compact car on Thursday that the Korean automaker plans to begin selling in some U.S. markets later this year. The Soul EV will initially be sold in a handful of states, including California and Oregon, beginning this August, and in New York, New Jersey and Maryland early next year, Kia said.

  • 'Loeb effect' buoys social media site for investors Thursday, 6 Feb 2014 | 5:48 PM ET

    BOSTON/ NEW YORK, Feb 6- In the past, billionaire investor Daniel Loeb would often wait for an industry conference before revealing his investment ideas. Such announcements-- including Loeb's bet on Dow Chemicals and Kyle Bass' bet on General Motors-- often lead to big swings in share prices as other investors pile on.

  • NEW YORK, Feb 6- Nickel prices jumped, nearing a one-week high after Indonesia upheld a shipment ban on the ore of the metal used in coin- and stainless steel-making, and arabica coffee slumped 5 percent to reverse the previous day's rally on profit-taking.

  • Feb 6- The Federal Reserve should be "quite patient" in removing stimulus despite falling unemployment because broader measures of the U.S. labor market remain weak, a top U.S. central banker said on Thursday.

  • Feb 6- United Technologies Corp's finance chief on Thursday declined to comment on a report the company may sell or spin off its Sikorsky helicopter unit, but pointed to brightening prospects for the maker of Black Hawk helicopters.

  • HOUSTON, Feb 6- Unusually frigid weather was blamed for slipping output of natural gas in the United States on Thursday as California warned of short supplies and No. 2 U.S. producer Chesapeake Energy Corp said foul weather hurt its operations.

  • Feb 6- OpenTable Inc, an online restaurant booking service provider, forecast a weaker-than-expected profit for the current quarter, sending its shares down as much as 10 percent in post-market trading.

  • CHICAGO, Feb 6- Heavy snow and bone-chilling weather this year have taken a toll on Ford Motor Co's U.S. vehicle production just as the company kicks off the biggest year of new model launches in its history, a top executive said on Thursday.

  • The technology has not yet been deployed on a commercial scale, but the EPA highlighted the pending Kemper project in September when the agency unveiled plans to set strict limits on the amount of carbon dioxide that can be generated by newly-built U.S. power plants. Southern Co tried to distance itself from the EPA at that time.

  • A combination of profit-taking, concerns about growth in emerging markets and the Federal Reserve's decision to keep trimming its monthly bond-buying stimulus has sent the benchmark S&P 500 down 4 percent since the end of 2013. As a result, only one out of the 1,781 large-cap growth funds tracked by Morningstar has a positive return for the year through Feb. 5, and that one- the tiny $10.2 million Upright Growth Fund- is up just 1.1 percent.

  • WASHINGTON, Feb 6- Already struggling with cuts to agricultural production and other impacts from a record setting drought, California faces the prospect of lower hydroelectric power generation as well, a U.S. government report said on Thursday. A persistent dry spell has drained water supplies in California and neighboring Nevada.

  • NEW YORK, Feb 6- Carlyle Group LP has agreed to buy Illinois Tool Works Inc's industrial packaging unit for $3.2 billion, the private equity firm's latest acquisition of a large unit being carved out of conglomerates.