Latest Business News Wires - Business Headlines


  • ANALYSIS-Emerging markets buffeted by bipolar world Wednesday, 5 Feb 2014 | 3:00 PM ET

    LONDON, Feb 5- Ailing emerging markets are caught between a rock and a hard place- Washington and Beijing to be more precise. For much of 2013, the investor narrative was that currencies and stock markets from Mumbai to Moscow and Istanbul to Johannesburg were running aground as Federal Reserve largesse ebbed away.

  • MILAN, Feb 5- U.S. office furnisher Haworth agreed to pay 2.96 euros a share for a majority stake in Poltrona Frau before acquiring the rest of the company in a deal the Italian upmarket armchair maker hopes will increase its access to international markets.

  • TORONTO, Feb 5- Canadian National Railway Co said on Wednesday the union representing 3,000 of its workers gave notice it intends to strike as early as Saturday, threatening one of the country's most important transport networks.

  • MEXICO CITY, Feb 5- Moody's sees no further significant changes to Mexico's sovereign rating for two to three years after its upgrade on Wednesday, citing a raft of economic reforms pushed through Congress last year, the firm's senior credit analyst told Reuters.

  • MEXICO CITY, Feb 5- Mexico became only the second country in Latin America to earn a coveted "A" grade sovereign rating as Moody's upgraded it on Wednesday, citing a raft of economic reforms that President Enrique Pena Nieto has pushed through Congress.

  • Feb 5- Shares of Continental Building Products Inc, controlled by private equity firm Lone Star Funds, rose as much as 13 percent in their market debut, valuing the company at about $694 million. The company raised $165.2 million after its initial public offering of 11.8 million shares was priced at $14 per share, significantly below its expected range of $16- $18.

  • Drought forces California farmers to idle cropland Wednesday, 5 Feb 2014 | 2:26 PM ET

    LOS ANGELES, Feb 5- Drought-stricken California farmers facing drastic cutbacks in irrigation water are expected to idle some 500,000 acres of cropland this year in a record production loss that could cause billions of dollars in economic damage, industry officials said.

  • NEW YORK, Feb 5- Jennifer Fan, a hedge fund manager specializing in finding relative value in energy and agriculture markets, has joined Millennium Management to continue that strategy after closing her own commodities fund last year, sources said on Wednesday.

  • *Gilead Sciences shares weigh the most on S&P 500. NEW YORK, Feb 5- U.S. stocks bounced off a technical support level on Wednesday, after the S&P 500 hit its lowest level since mid-October, although mixed data gave investors few reasons to buy equities.

  • MEXICO CITY, Feb 5- Mexico became only the second country in Latin America to earn a coveted "A" grade sovereign rating as Moody's upgraded it on Wednesday, citing a raft of econmomic reforms that President Enrique Pena Nieto has pushed through Congress.

  • Feb 5- Canada's regulator for the nuclear industry said on Wednesday that it has asked Cameco Corp to idle one of its Port Hope uranium conversion plants, part of one of the western world's few such facilities, after an unscheduled shutdown last week.

  • Irish bank scheme was "absolutely illegal", court hears Wednesday, 5 Feb 2014 | 2:11 PM ET

    DUBLIN, Feb 5- Ireland's collapsed Anglo Irish Bank decided to do something "absolutely illegal" by lending money to individuals so they could buy the bank's own shares, prosecutors said on Wednesday.

  • WASHINGTON, Feb 5- The U.S. government agency that oversees labor relations in private-sector workplaces said on Wednesday it plans to update unionization rules so the process is faster, drawing criticism from business groups.

  • NEW YORK, Feb 5- Brent crude oil futures rose on Wednesday as traders took profit on an over-extended spread trade with U.S. oil, while took some support from record heating oil demand due to continued freezing weather.

  • WASHINGTON, Feb 5- The White House threatened to veto legislation on Wednesday that would curtail federal rules limiting the amount of water pumped out of California's San Joaquin-Sacramento River delta while the state struggles with its worst drought in decades.



  • Canada and U.S. sign agreement on tax evasion Wednesday, 5 Feb 2014 | 2:00 PM ET

    OTTAWA, Feb 5- Canada has signed a tax-information sharing agreement with the U.S. Treasury Department ahead of a new U.S. law that will crack down on offshore tax avoidance, senior Canadian finance officials said on Wednesday.

  • Feb 5- Time Warner Inc broke out the financials for its premium movie network HBO on Wednesday for the first time, giving investors a better picture of how the unit stacks up against video streaming service Netflix.

  • DETROIT, Feb 5- Aston Martin expanded a recall on Wednesday to cover most of its sports cars built since late 2007 after discovering a Chinese sub-supplier was using counterfeit plastic material in a part supplied to the British luxury sports carmaker.