Latest Business News Wires - Business Headlines


  • Feb 4- Private equity-owned Continental Building Products Inc's initial public offering was priced at $14 per share, an underwriter told Reuters, significantly below its expected range of $16- $18.

  • NEW YORK, Feb 4- A jury began deliberating on Tuesday on whether to convict Mathew Martoma of insider trading stemming from trades made while working at Steven A. Cohen's SAC Capital Advisors hedge fund, in what prosecutors called the most lucrative such scheme in U.S. history.

  • NEW YORK, Feb 4- " House of Cards," the Emmy Award-winning, online-only political drama starring Kevin Spacey and Robin Wright, will get a third season on Netflix,, the series' producer said on Tuesday.

  • WASHINGTON, Feb 4- U.S. Senate Democrats on Tuesday set up a showdown vote with Republicans on a new bill to extend long-term unemployment benefits for 1.7 million Americans while making millionaires ineligible for such relief.

  • Feb 4- Life and mortgage insurer Genworth Financial Inc reported a better-than-expected quarterly profit as a recovery in housing markets helped its U.S. mortgage insurance business. Shares of Genworth, which was spun off from industrial conglomerate General Electric Co ten years ago, rose more than 4 percent in extended trading.

  • BRASILIA, Feb 4- Some of Brazil's most populous regions suffered sporadic power outages on Tuesday, raising election-year fears of shortages in a country with a long history of blackouts.

  • HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, its first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.

  • NEW YORK, Feb 4- Standard& Poor's on Tuesday cut its credit rating on Puerto Rico, dropping the cash-strapped U.S. territory's debt to junk-bond status on concerns about its ability to access capital markets.

  • Feb 4- Research services provider Covance Inc reported a better-than-expected 19 percent jump in quarterly adjusted profit as it gained from higher investments in later stages of drug development by pharma companies.

  • SAN FRANCISCO, Feb 4- Google Inc Executive Chairman Eric Schmidt will be awarded $100 million in restricted stock units, the company said on Tuesday, marking the second time in less than three years that the Internet company's former chief executive officer has received an equity award of that size.

  • WASHINGTON, Feb 4 (Reuters)- U.S. Senate Democrats on Tuesday set up a showdown vote with Republicans on a new bill to extend long-term unemployment benefits for 1.7 million Americans while making millionaires ineligible for such relief.

  • WASHINGTON, Feb 4- Three companies operating in North Dakota's Bakken energy patch were on Tuesday were fined $93,000 for wrongly classifying crude oil being hauled from the field to tank car trains.

  • SYDNEY, Feb 5- The yen got off to a weak start in Asia on Wednesday having retreated from multi-month highs as emerging markets stabilised and stocks rebounded, while the Australian dollar took a breather following a powerful rally.

  • SEATTLE, Feb 4- Alaska Airlines is determined to remain independent and its financial results are crucial to staving off a takeover, the head of the airline said on Tuesday. "The best defense is performance," Brad Tilden, chief executive officer of Alaska Air Group, told an aerospace conference.

  • MILFORD, Conn., Feb 4- Connecticut's Democratic governor, Dannel Malloy, on Tuesday called for the state to raise its minimum wage to $10.10 an hour, matching President Barack Obama's call last month to raise the national minimum to that level.

  • SAN FRANCISCO, Feb 4- Satya Nadella's elevation to CEO and co-founder Bill Gates' decision to relinquish his chairmanship at Microsoft Corp marks a changing of the guard at a 39- year-old company that fueled the PC revolution but is now struggling to establish its long-term identity.

  • Feb 4- Newmont Mining Corp expects to be able to continue with normal operations at its Batu Hijua copper-gold mine in Indonesia for the next couple of months while it tries to resolve an export impasse with the government, Chief Executive Gary Goldberg said.

  • Beverly Wyse, manger of Boeing's 737 program manager, told reporters the factory plans to step up production to 42 per month in the second quarter and may go to 52 per month in 2018 or 2019, but that the company was still studying the possibility.

  • WASHINGTON, Feb 4- Three of President Barack Obama's nominees to serve on the U.S. Federal Reserve Board will likely appear before a U.S. Senate Banking Committee during the last week of February, a committee aide said on Tuesday.

  • Feb 4- Medtronic Inc's stumble in its U.S. medical device study to treat high blood pressure could create an opportunity for other device makers to pick up where their rival has left off, Boston Scientific Corp Chief Executive Mike Mahoney said on Tuesday.