GO
Loading...

Latest Business News Wires - Business Headlines

More

  • US STOCKS-Wall Street little changed after 4-day rally Wednesday, 12 Feb 2014 | 11:00 AM ET

    *Procter& Gamble drags Dow, S&P after outlook. NEW YORK, Feb 12- U.S. stocks were little changed on Wednesday, as a decline in Procter& Gamble kept gains in check after a four-day rally left the S&P 500 within striking distance of a record high.

  • U.S. gasoline futures extend rise on large stock decline Wednesday, 12 Feb 2014 | 10:57 AM ET

    NEW YORK, Feb 12- U.S. gasoline futures extended gains on Wednesday after U.S. government data showed a much larger-than-expected decline in stocks of the fuel. Gasoline stocks were off by 1.9 million barrels, data from the U.S. Energy Information Administration showed, compared with expectations for a 100,000- barrel draw in a Reuters poll.

  • Feb 12- The activist investor squaring off with Cliffs Natural Resources Inc named its preferred candidate for chief executive officer on Wednesday and said it plans to nominate enough new directors to form a majority of the iron ore miner's board.

  • PRECIOUS-Gold hits 3-month highs on technical momentum Wednesday, 12 Feb 2014 | 10:55 AM ET

    LONDON, Feb 12- Gold hit three-month highs on Wednesday as positive technical factors outweighed a rise in investor appetite for other, riskier assets following comments by the new U.S. It was up 0.2 percent to $1,293.55 by 1523 GMT.

  • G20 to focus on 4 ways to boost economic growth Wednesday, 12 Feb 2014 | 10:50 AM ET

    Feb 12- The world's financial leaders will focus on four ways to boost global economic growth when they meet next week in Sydney but the discussion may be overshadowed by emerging market concerns over U.S. monetary policy, a G20 official said.

  • BRUSSELS, Feb 12- The European Central Bank's chosen weapon to preserve the euro remains intact despite sharp criticism by Germany's constitutional court, but like a nuclear deterrent it looks increasingly unlikely to be used.

  • UPDATE 1-Talmer Bancorp shares rise in US debut Wednesday, 12 Feb 2014 | 10:42 AM ET

    Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their market debut, valuing the U.S. bank holding company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected range.

  • RIO DE JANEIRO/ LONDON, Feb 12- Emerging market stocks rose to three-week highs on Wednesday, boosted by stronger-than-expected Chinese trade data but Brazilan stocks dipped on profit-taking after recent gains. China is a key purchaser of raw materials such as iron-ore, soybeans and copper from other developing markets.

  • TORONTO, Feb 12- Mexico's Grupo Bimbo will buy Canada Bread Company for C $1.83 billion in cash, allowing the Canadian company's parent Maple Leaf Foods to focus on its meat products business, Canada Bread said on Wednesday.

  • TREASURIES-Prices slide after U.S. debt ceiling resolution Wednesday, 12 Feb 2014 | 10:36 AM ET

    NEW YORK, Feb 12- U.S. Treasury debt prices fell on Wednesday after the U.S. House of Representatives passed a measure on the U.S. debt ceiling and a new Federal Reserve chair vowed to maintain the bank's current strategy of reducing asset purchases at a gradual pace. Wall Street shares on Wednesday opened on a positive note.

  • CRUDE OIL FUTURES PARE GAINS AFTER EIA SHOWS LARGER-THAN-EXPECTED BUILD IN STOCKPILES.

  • Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday but kept its full-year forecast unchanged, indicating the challenges the farm equipment industry faces as commodity prices come off the record highs of recent years.

  • *OPEC joins US in predicting stronger 2014 oil demand. LONDON, Feb 12- Brent crude rose above $109 a barrel on Wednesday, buoyed by expectations of strengthening global demand after OPEC raised its 2014 forecast and Chinese data showed oil imports hit a record high.

  • Robust bank results help European stocks keep rally alive Wednesday, 12 Feb 2014 | 10:19 AM ET

    *FTSEurofirst 300 and Euro STOXX 50 up 1 pct. PARIS, Feb 12- European stocks climbed on Wednesday, extending their brisk week-long rally, with banking stocks leading the gainers after robust results and on hopes of rising dividends in the sector. The euro zone's blue-chip Euro STOXX 50 index was up 1 percent at 3,108.24 points.

  • Feb 12- Air Canada said on Wednesday it expected weakness in the Canadian dollar and adverse weather conditions to weigh on results in the current quarter, news that sent its shares sinking as much as 20 percent in morning trading. A fall in the Canadian dollar hurts Air Canada as the airline makes its major purchases, such as planes and fuel, in U.S. dollars.

  • Talmer Bancorp shares rise in US debut Wednesday, 12 Feb 2014 | 10:12 AM ET

    Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their U.S. market debut, valuing the company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected pricing range.

  • DETROIT, Feb 12- Engine and transmission problems caused quality in the U.S. auto industry to slip for the first time in 16 years in a vehicle dependability study of owners of 3- year-old cars and trucks, falling from last year's record-high levels.

  • With Khodorkovsky out, Yukos investors fight on Wednesday, 12 Feb 2014 | 9:56 AM ET

    *Two big cases against Russia could be resolved this year. MOSCOW, Feb 12- Freed former tycoon Mikhail Khodorkovsky has ruled out trying to recover the fortune that made him Russia's richest man, but two multi-billion-dollar law suits involving his defunct oil giant Yukos could be decided this year.

  • US STOCKS SNAPSHOT-Wall St opens flat after 4-day rally Wednesday, 12 Feb 2014 | 9:33 AM ET

    NEW YORK, Feb 12- U.S. stocks opened flat on Wednesday, after a four-day rally left the S&P 500 within striking distance of a record high.

  • ABUJA, Feb 12- Nigerian President Goodluck Jonathan on Wednesday sacked four cabinet members including aviation minister Stella Oduah, a close ally, a presidency source said, in the latest of a wave of government changes ahead of elections next year.