Latest Business News Wires - Business Headlines


  • WASHINGTON, April 9- U.S. wholesale inventories rose at a slower pace in February, strengthening views that restocking will weigh on economic growth in the first quarter.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources be stripped of two iron ore concessions, saying the company and a joint venture it owns with Brazilian mining giant Vale obtained the rights by corruption.

  • HP pays $108 mln to settle DOJ, SEC corruption probes Wednesday, 9 Apr 2014 | 12:42 PM ET

    SAN FRANCISCO, April 9- Hewlett-Packard will pay $108 million and agreed to take on certain reporting and compliance obligations to settle a Justice Department and SEC investigation into potential violations of the Foreign Corrupt Practices Act.

  • PARIS, April 9- The European Union this week moved a step closer towards the launching of duty-free imports of Ukrainian grains as part of a package of trade benefits to cement Kiev's historic shift away from Russia.

  • MADRID, April 9- Some of the owners of the world's top olive oil bottler Deoleo are rethinking plans to sell, sources said, after the Spanish government revealed its interest in buying into what it sees as a nationally strategic company. Deoleo said on Wednesday private equity firm CVC had made the highest offer for the company.

  • *China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Nickel prices surged to their highest in over a year on Wednesday on persistent worries about shortages due to Indonesia's ban on ore exports but copper eased on concerns about economic growth in top metals consumer China.

  • Ukraine's richest man gambles on peacemaker role Wednesday, 9 Apr 2014 | 12:22 PM ET

    *Oligarch Akhmetov mediating with pro- Russia activists. *Coal and steel boss is major player in east Ukraine. KIEV, April 9- Ukraine's richest man has seized on the stand-off between the Kiev authorities and pro- Russia separatists to help forge new political alliances following the overthrow of his former ally, President Viktor Yanukovich.

  • PARIS, April 9- One is a balding, bespectacled safe-pair-of-hands known for his negotiating skills; the other a firebrand orator of the French left who made his name riling big business, Brussels and Berlin.

  • HIGHLIGHTS-Top copper mining executives speak in Santiago Wednesday, 9 Apr 2014 | 12:15 PM ET

    SANTIAGO, April 9- Top copper mining executives have flocked to Santiago, Chile to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No. 1 industrial metal user, weigh on prices and sentiment. DIEGO HERNANDEZ, ANTOFAGASTA PLC CHIEF EXECUTIVE OFFICER. On mining challenges in Chile:.

  • *Senator opposes Comcast deal to buy Time Warner Cable. NEW YORK, April 9- U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting.

  • WASHINGTON, April 9- The city of Detroit on Wednesday struck a deal with bond insurers over a key class of debt in its landmark bankruptcy case that significantly reduces bondholder losses and could pave the way for agreements with other creditors.

  • WASHINGTON, April 9- U.S. Senate Republicans on Wednesday blocked a bill that Democrats said would give women a "fair shot" at obtaining equal pay to men for comparable work. Forty-two Republicans and one independent, Angus King of Maine, voted against the bill.

  • DUBAI, April 9- Supreme leader Ayatollah Ali Khamenei said on Wednesday he had authorised nuclear talks with world powers including arch-foe the United States just to prove Iran's peaceful intentions, but Tehran would not be bullied and would not stop atomic research.

  • JOHANNESBURG, April 9- South Africa's National Union of Mineworkers is winning back members on the platinum belt from rival AMCU and is poised to regain recognition status at one of Anglo American Platinum's mines, its general secretary said on Wednesday.

  • WASHINGTON, April 9- The U.S. Senate Judiciary Committee's chairman on Wednesday urged Comcast Corp to extend its commitment to Internet neutrality beyond 2018 as the cable company's executive reassured lawmakers the proposed merger with Time Warner Cable Inc would not hurt consumers.

  • NEW YORK, April 9- It may sound like something you would train your dog to do, but the "reverse rollover" is a maneuver that more retirement-minded workers should try. Currently, 69 percent of company 401 plans allow workers to bring IRA money to them, according to the Plan Sponsor Council of America, an employer group.

  • Dish, Hearst TV battle as TV programs in 25 cities cut Wednesday, 9 Apr 2014 | 11:45 AM ET

    April 9- Dish Network Corp customers in 25 markets across the United States can no longer view programs from ABC, NBC and CBS broadcast affiliate stations due to an impasse between the satellite provider and Hearst Television. Hearst owns 29 local TV broadcast affiliate stations in 25 markets, including Baltimore, Boston and New Orleans.

  • WASHINGTON, April 9- U.S. Senate Republicans on Wednesday blocked a bill that Democrats said would give women a "fair shot" at obtaining equal pay to men for comparable work.


  • *Alcoa's better-than-expected results boost investor sentiment. NEW YORK, April 9- U.S. and European equity markets rose on Wednesday after Alcoa's better-than-expected results boosted investor sentiment on first-quarter corporate earnings, while the dollar gained on hopes for higher U.S. economic growth after a bitter winter.