Latest Business News Wires - Business Headlines


  • UPDATE 1-Shaw Comms profit slips as cable customers exit Thursday, 24 Oct 2013 | 10:20 AM ET

    TORONTO, Oct 24- Shaw Communications Inc, the dominant cable company in Western Canada, said on Thursday its fourth-quarter profit slipped as heightened competition drained away customers, and its shares fell after release of the results.

  • LONDON, Oct 24- European shares recovered poise on Thursday, climbing back towards five-year highs thanks to a clutch of strong corporate results and encouraging manufacturing data from top metals consumer China.

  • Obamacare contractor says Healthcare.gov is being fixed Thursday, 24 Oct 2013 | 10:18 AM ET

    WASHINGTON, Oct 24- Obamacare's problem-plagued website Healthcare.gov will be fixed in time to allow people to enroll in private health insurance by a Dec. 15 deadline to obtain benefits beginning on Jan. 1, the main Obamacare contractor CGI Federal told a congressional panel.

  • Euro zone banks to clean house ahead of ECB review Thursday, 24 Oct 2013 | 10:09 AM ET

    PARIS/ LONDON, Oct 24- Euro zone banks are expected to issue more debt, increase loan provisions and speed up asset sales in the next couple of months as they knock their balance sheets into shape ahead of the European Central Bank's sector health-check next year.

  • Icahn says to withhold shares from proposed Apple buyback Thursday, 24 Oct 2013 | 10:04 AM ET

    Oct 24- Billionaire investor Carl Icahn said he would withhold his shares of Apple Inc from a $150 billion buyback that he has proposed for the iPhone maker. "There is nothing short-term about my intentions here," Icahn wrote in a letter to Apple Chief Executive Tim Cook dated Oct. 23 and published on Thursday.

  • UPDATE 3-Rejuvenated Daimler beats expectations Thursday, 24 Oct 2013 | 10:02 AM ET

    *Daimler Q3 adj EBIT 2.23 bln eur vs Rtrs poll 2.12 bln. FRANKFURT, Oct 24- German automotive group Daimler forecast higher fourth-quarter profit after a rejuvenated model range and cost cuts in the core luxury car business helped it to post better than expected results on Thursday.

  • LONDON, Oct 24- Brent crude futures slipped to near $107 a barrel on Thursday as rising supplies of crude oil in the United States drove prices toward a two-month low, while U.S. crude fell for a fourth straight session to its lowest since June.

  • NEW YORK/ LONDON, Oct 24- Factories in China boosted production this month, but U.S. manufacturing output fell for the first time in four years while the euro zone economy lost momentum, surveys on Thursday showed.

  • Oct 24- Time Warner Cable will carry Al Jazeera America, which it had dropped earlier this year, giving the cable news channel a bigger foothold in the United States, where it has struggled to gain distribution.

  • SINGAPORE, Oct 24- Singapore's central bank and stock market operator are conducting an extensive review of recent share price volatility in three inter-linked Singapore companies, which wiped out billions of dollars in combined market value from the firms.

  • *Gold at one-month high on taper delay talk. LONDON, Oct 24- Gold hit a one-month high on Thursday after data showed U.S. unemployment benefits' claims fell less than expected, bolstering expectations the Federal Reserve will delay scaling back monetary stimulus.

  • *Credit Suisse Q3 net 454 mln Sfr vs 705 mln Sfr poll avg. ZURICH, Oct 24- Credit Suisse will shrink interest rate trading after revenue and profit at its investment bank slid in the third quarter, it said on Thursday, further scaling back an area squeezed by strict new regulation and a drop in activity.

  • WASHINGTON, Oct 24- The Obama administration on Thursday said it was "crucial" to close wasteful loopholes in the U.S. tax code so the government could invest more in manufacturing and education. The remarks by Treasury Secretary Jack Lew helped set guideposts for the administration's priorities in upcoming budget negotiations.

  • WASHINGTON, Oct 24- The U.S. The new rule would apply in full to banks with $250 billion or more in assets, and not at all to banks with less than $50 billion in assets. The Fed proposed implementing the rules by January 2017, well before the 2019 deadline set by the Basel committee of global bank regulators.

  • NEW YORK, Oct 24- The euro inched higher on Thursday, to a fresh two-year peak against the dollar, as concerns about the outlook for the U.S. economy and monetary policy outweighed weaker euro zone data.

  • WASHINGTON, Oct 24- The troubled rollout of President Barack Obama's signature healthcare policy on Thursday undergoes its first full-length public airing in a crowded congressional hearing room, where lawmakers will question technology contractors about the government's crippled Healthcare.gov website.

  • Britain calls for EU to set tougher climate goal Thursday, 24 Oct 2013 | 9:31 AM ET

    BRUSSELS, Oct 24- The European Union needs to cut greenhouse gas emissions by 50 percent from 1990 levels by 2030 to avoid the worst effects of climate change, according to a British government paper, likely to fuel debate on whether deeper cuts are affordable.

  • CHICAGO, Oct 24- Agribusiness company Bunge Ltd reported a quarterly loss on Thursday due to a charge related primarily to its weak sugar business, and said it was exploring a sale of that business.

  • Oct 24- Royal Caribbean Cruises Ltd raised its full-year earnings forecast after an improvement in ticket sales in Europe helped the cruise operator report better-than-expected quarterly results. Royal Caribbean, the second-largest cruise operator in the world, said it had higher bookings for 2014 in most markets including Europe, Asia and Alaska.

  • Oct 24- International Paper Co reported better-than-expected quarterly profit on Thursday, helped by strong sales of corrugated packaging for shipping boxes. John Faraci, the chief executive, said in an interview the global economy continued to improve, but at a pace below its potential.

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