Latest Business News Wires - Business Headlines


  • OTTAWA, June 12- Four independent experts endorsed on Thursday the method used by the Canadian military to evaluate whether the country should replace its aging fleet of fighter jets with F-35 stealth fighters, setting the stage for a final government decision on the multibillion-dollar acquisition program.

  • *Lonmin, Implats shares climb, platinum drops. RUSTENBURG, South Africa, June 12- Workers and shop-stewards from South Africa's AMCU mining union begged leader Joseph Mathunjwa to sign a wage deal with three major platinum firms on Thursday at a mass rally crowning five months of crippling protest.

  • SAN FRANCISCO, June 12- Chipmaker Advanced Micro Devices promoted senior executive Lisa Su to chief operating officer and announced an internal reorganization, aiming to expand into new markets to offset slowing demand for personal computers.

  • WASHINGTON, June 12- The top U.S. telecom regulator on Thursday asked phone, cable and other companies to step up and show measurable actions they take to protect communications networks from cyber attacks and hold themselves accountable without new regulations.

  • *Spain swaps expensive crisis bonds for new issue. LONDON, June 12- Spain took steps to ease hefty bond repayments coming due next year by swapping expensive debt issued at the height of the euro zone crisis for a new 10- year bond on Thursday.

  • LONDON, June 12- Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm. The market has been able to absorb lost supply because demand growth has been moderate and alternative supplies have been available from North American shale and Saudi Arabia.

  • American Airlines Group Inc, the world's largest carrier, tumbled 5.4 percent, while United Continental Holdings Inc 5.7 percent and Delta Air Lines Inc dropped 5 percent. Southwest Airlines Co and JetBlue Airways Corp were both down more than 4 percent.

  • JAKARTA, June 12- The chief executives of Freeport McMoRan Copper& Gold Inc and Newmont Mining Corp are both in Indonesia's capital, marking what might be a last-ditch effort to resolve a dispute over a mineral export tax before a new administration takes over in October.

  • *Oil rises on Iraq violence, energy shares higher. *Lululemon falls on results; Restoration Hardware up. The bull market is old and wrinkly, but nowhere near dead, "said Paul Schatz, chief investment officer at Heritage Capital in Woodbridge, Connecticut.

  • June 12- The initial public offering of Michaels Cos Inc, which has been planned for the last two years, will finally take place this summer, according to people familiar with the matter.

  • MOSCOW, June 12- Russian natural gas exporter Gazprom will halt supplies to Ukraine if it fails to pay off $1.95 billion of its gas debts by Monday, chief executive Alexei Miller said on Thursday. "If Ukraine pays for no volumes at all, it means that... gas shipments to Ukraine will be zero," Miller said in televised comments.

  • PORT LOUIS, June 12- Air Mauritius, the Indian Ocean island's national carrier, returned to profit in the year ended March after cutting unprofitable routes and increasing flights to emerging markets, the company said on Thursday.

  • FULL TEXT-Opening remarks by Bank of Canada governor Thursday, 12 Jun 2014 | 11:19 AM ET

    OTTAWA, June 12- Bank of Canada Governor Stephen Poloz made the following remarks to open a news conference following the central bank's release of a semi-annual Financial System Review on Thursday. It is my pleasure to hold this press conference with Carolyn Wilkins. Carolyn assumed the post of Senior Deputy Governor of the Bank of Canada on the 2nd of May.

  • METALS-Nickel drops to near two-month low, copper falls Thursday, 12 Jun 2014 | 11:18 AM ET

    LONDON, June 12- Nickel sank to its lowest price in about two months on Thursday on persistent profit-taking after months of rallying based on expectations that an Indonesian ban on ore exports would lift the physical market.

  • PARIS, June 12- Electricity produced by onshore wind and solar plants may become more competitive with power generated by upgraded nuclear plants in France by the end of this decade, a study by environmental group Greenpeace showed on Thursday.

  • NEW YORK, June 12- Crude oil prices spiked on Thursday on worries over supply as violence escalated in Iraq, while a worldwide equities gauge edged down after Wall Street opened lower.

  • OTTAWA, June 12- Canada's financial system is robust despite lingering concern about a stretched housing market, while external risks from China have increased, the Bank of Canada said on Thursday.

  • WASHINGTON, June 12- The U.S. Supreme Court ruled on Thursday that drink producer POM Wonderful can sue over allegations that Coca-Cola Co has misled consumers over its marketing of Minute Maid pomegranate blueberry juice.

  • June 12- The initial public offering of Michaels Cos Inc, which has been planned for the last two years, will finally take place this summer, according to people familiar with the matter.