Latest Business News Wires - Business Headlines


  • *FTSEurofirst 300 up 0.1 percent. LONDON, Feb 5- European stocks inched up on Wednesday after a steep two-week sell-off, but concerns about global growth and emerging market currencies kept investors on edge.

  • *Tele2 missed out on Norway mobile spectrum in Dec auction. PARIS/ LONDON, Feb 5- Tele2, which lost a December auction for the mobile spectrum it needs to run its Norwegian network, is in deal talks with the winner, Access Industries, in a bid to salvage its local operation, said four people familiar with the matter.

  • Feb 5- Brown Brothers Harriman has agreed to pay a record $8 million civil fine for "substantial" violations involving its program to detect and prevent money laundering, Wall Street's industry- funded watchdog said on Wednesday.

  • Feb 5- 3 D Systems Corp estimated its 2013 adjusted profit below its forecast, hurt by softer demand for its printed parts and consumer printers, sending its shares tumbling 25 percent. The largest listed 3 D printer company estimated that it earned 83 to 87 cents per share on an adjusted basis in 2013..

  • OTTAWA, Feb 5- Canada will change the way it buys military equipment, the government said Wednesday, as it tries to provide more benefits to local companies and include safeguards to avoid fiascos such as its aborted plan to buy F-35 fighter jets.

  • NEW YORK, Feb 5- The yen rose on Wednesday towards recent two-month highs against the dollar and euro as stock markets struggled on nagging worries about emerging markets and global economic growth, forcing investors to seek safe-haven currencies.

  • Anheuser Busch buys N.Y. craft brewer Blue Point Wednesday, 5 Feb 2014 | 12:14 PM ET

    NEW YORK, Feb 5- Anheuser-Busch InBev SA struck a deal to buy New York microbrewery Blue Point Brewing Co, as the world's largest beer maker seeks to increase its offerings in the fast-growing craft-beer segment.

  • UPDATE 2-Cognizant sees revenue below Street, shares fall Wednesday, 5 Feb 2014 | 12:10 PM ET

    *Expects 2014 revenue of at least $10.3 bln vs est $10.38 bln. Feb 5- Cognizant Technology Solutions Corp forecast 2014 revenue below analysts' expectations, raising concerns that the IT services provider's scorching growth may be cooling off.

  • NEW YORK, Feb 5- Pimco's Bill Gross, manager of the world's largest bond fund, reassured investors and clients on Wednesday that the departure of his heir apparent, Mohamed El-Erian, will not affect the performance of the firm.

  • Feb 5- Beauty products company Estee Lauder Cos Inc forecast current-quarter profit below analysts' estimate, citing weak demand in European countries and South Korea and slowing growth in China. New York- based Estee Lauder forecast third-quarter sales growth of 10-11 percent, which translates to about $2.52 billion- $2.54 billion.

  • *SPDR Gold Trust exchange-traded fund reports rare inflow. NEW YORK/ LONDON, Feb 5- Gold rose on Wednesday but failed to hold earlier gains of around 1.5 percent as a mixed bag of U.S. economic indicators left investors uncertain over the pace of recovery in the world's largest economy.

  • Feb 5- Strong demand for a product designed to prevent NSA-style snooping could speed online file-sharing services provider Accellion Inc's plans to go public, CEO Yorgen Edholm said.

  • LONDON, Feb 5- Fast-growing trading house Mercuria, led by two former Goldman Sachs executives, has become the front-runner to buy the physical commodities unit of JPMorgan, one of the most powerful oil and metals desks on Wall Street, two sources told Reuters.

  • Feb 5- Designer clothing company Ralph Lauren Corp said it expects increased promotions to eat into gross margins, spooking investors who had earlier pushed the stock higher on a strong sales outlook. Ralph Lauren's shares rose as much as 6 percent in early trading on Wednesday but reversed course to trade down 3 percent by midday.

  • WASHINGTON, Feb 5- U.S. companies that have fallen prey to hackers, exposing the private information of millions of customers, have often failed to take basic security precautions to protect client data, Illinois Attorney General Lisa Madigan told a U.S. Senate panel on Wednesday.

  • METALS-Copper gives up gains, down on Chinese worries Wednesday, 5 Feb 2014 | 11:34 AM ET

    *Copper stocks in LME warehouses drop further to 311,225 T. LONDON, Feb 5- Copper prices dipped on Wednesday, resuming a downtrend after a brief bounce, as investors worried about weak demand in China and about the adjustment of the Chinese market to a drop in London prices when it reopens on Friday.

  • While parts of the business have passed through the hands of some of the most famous and infamous names in the raw materials markets, its core is comprised of two enterprises considered among the most successful of their time: Sempra Commodities and Bear Stearns' power and gas desk.

  • NEW YORK, Feb 5- Global equity markets dipped on Wednesday after a weaker-than-expected U.S. private jobs report, while U.S. Wall Street stocks opened down, with the Nasdaq falling more than 1 percent in early trading after the employment data, which precedes Friday's highly anticipated U.S. Labor Department monthly payrolls report.

  • *Yields rise as ADP close to expectations. NEW YORK, Feb 5- U.S. "There is a bit of pent up selling pressure, there has been nothing but rallies over the last few weeks and I think this is the result of people looking forward to non-farm payrolls," said Aaron Kohli, an interest rate strategist at BNP Paribas in New York, adding that "rates have baked in a lot of negativity."

  • CHICAGO, Feb 5- Profit-taking pushed U.S. corn and soybean meal futures lower on Wednesday as the markets pulled back from rallies the previous session. U.S. soymeal has been in demand as output has slowed from Argentina, the world's top supplier of the livestock feed.