Latest Business News Wires - Business Headlines


  • June 12- Wall Street's industry-funded watchdog is optimistic that its plan to let securities arbitrators immediately report frauds they learn about in the middle of a case will finally take effect.

  • UNITED NATIONS, June 12- The top U.N. official in Iraq told the U.N. Security Council on Thursday there was no immediate danger of violence spreading to Baghdad, but that the northern offensive by Islamist rebels posed a great threat to the country's sovereignty, diplomats said.

  • DETROIT, June 12- Ford Motor Co said on Thursday it was lowering the fuel economy ratings on six of its models, including a number of hybrids, and would reimburse owners for the difference.

  • WASHINGTON, June 12- The United States faces "challenges" in trying to secure radiological equipment used in a range of industries that could become part of a "dirty bomb" used in an attack, the Government Accountability Office reported on Thursday.

  • Size of income tax drop surprises U.S. states -study Thursday, 12 Jun 2014 | 3:17 PM ET

    WASHINGTON, June 12- Most U.S. states were surprised by the size of the drop in their personal income tax collections this April, even though they had expected a decline, according to a report released by the Rockefeller Institute of Government on Thursday.

  • U.S. Senate panel to examine AT&T plan to buy DirectTV Thursday, 12 Jun 2014 | 3:06 PM ET

    WASHINGTON, June 12- The U.S. Senate Judiciary Committee's antitrust panel will hold a hearing on June 24 to examine the proposed purchase by AT&T of DirectTV, the committee said on Thursday. AT&T, the No. 2 U.S. cellular operator, said in May it planned to buy the largest U.S. satellite TV provider for $48.5 billion.

  • *Moldova and Georgia to sign agreements with EU. CHISINAU/ TBILISI, June 12- The head of the European Commission urged Russia on Thursday not to stand in the way of Moldova and Georgia forging closer ties with Europe, despite the conflict caused by Ukraine's lurch towards the West.

  • TREASURIES-Prices leap on strong U.S. 30-year bond sale Thursday, 12 Jun 2014 | 3:02 PM ET

    *Iraq tension worsens, spurs safety bid. NEW YORK, June 12- U.S. Bids totaled $35 billion for a 2.69 cover, the highest since February 2013.

  • June 12- Medtronic Inc said on Thursday its minimally invasive heart valve replacement system received U.S. approval to treat patients deemed at high risk for surgery, expanding the eligible patient population for its CoreValve device.

  • *Treasury yields fall after auction, extend slide on Iraq. NEW YORK, June 12- Crude oil prices spiked on Thursday on supply concerns and equities sold off as violence threatened stability in Iraq. "If this conflict knocked out Iraq as an exporter, that would have significant impact on prices," said Christopher Bellew, a trader at Jefferies Bache.

  • NEW YORK, June 12- Airbus, Emirates airline and aircraft leasing company Amedeo teamed up on Thursday in a charm offensive to sell U.S. airlines on the world's biggest jetliner, the Airbus A380.

  • NEW YORK, June 12- U.S. stocks fell to session lows on Thursday afternoon as concerns escalated about Iraq and after disappointing economic data on consumers and the labor market.

  • NEW YORK/ LONDON, June 12- Platinum and palladium posted their biggest daily losses in almost a year on Thursday, after South African producers struck a deal with the union to end a crippling five-month strike, and violent conflict in Iraq burnished gold's safe haven status.

  • BAGHDAD/ ARBIL, June 12- Barack Obama threatened U.S. military strikes in Iraq on Thursday against Sunni Islamist militants who have surged out of the north to menace Baghdad and want to establish their own state in Iraq and Syria.

  • OKLAHOMA CITY, June 12- An Oklahoma company that sells a blanket to protect children from gunfire has seen its business grow after a spate of U.S. school shootings has left parents and educators on edge.

  • DETROIT, June 12- Tesla Motors Inc on Thursday said it would allow others to use its intellectual property in hopes of speeding up development of electric cars by all manufacturers. Tesla co-founder and Chief Executive Officer Elon Musk said the company would not take legal action against anyone who "in good faith, wants to use our technology."

  • *Brent hits six-month high over $112 on Iraq supply worries. NEW YORK, June 12- Oil prices jumped to the highest level this year on Thursday on growing concerns that escalating violence in Iraq could disrupt oil supplies from the second-largest OPEC producer.

  • WASHINGTON, June 12- Ford Motor Co has agreed to correct its fuel economy estimates for six car models to correct errors found in an internal company audit, the U.S. environmental regulator said on Thursday.

  • In his first major speech devoted fully to cybersecurity, Federal Communications Commission Chairman Tom Wheeler urged the private sector to "step up to assume new responsibility and market accountability for managing cyber risks" before the FCC weighs a regulatory approach to the problem.