Latest Business News Wires - Business Headlines
More
-
WASHINGTON, Nov 29- U.S.-led talks on a free-trade pact in the Asia-Pacific region are entering a potential make-or-break stage, putting pressure on President Barack Obama and other leaders to sacrifice sensitive domestic interests for a big deal to boost growth.
-
MADRID, Nov 29- Spain is moving ahead with the sale of nationalised banks Catalunya Banc and NovaGalicia Banco, hoping to sell the Barcelona- based former savings bank early next year and its Galician peer shortly after.
-
NEW YORK, Nov 29- The euro slipped from one-month highs against the dollar to trade just slightly higher on Thursday after comments by top Republican lawmaker John Boehner dented a spate of optimism over an agreement to avert higher taxes and spending cuts in the world's largest economy.
-
WASHINGTON, Nov 29- House of Representatives Speaker John Boehner said there was no progress on Thursday in "fiscal cliff" talks with U.S. Treasury Secretary Timothy Geithner and criticized President Barack Obama and Democrats for failing to "get serious" about including spending cuts in a final deal.
-
NEW YORK, Nov 29- U.S. government debt prices rose on Thursday on safe-haven demand from investors who were nervous about the lack of progress in budget talks in Washington and before a $29 billion auction of seven-year notes.
-
DOHA, Nov 29- India and Brazil accused rich nations on Thursday of doing too little to fight climate change at U.N. talks in Doha and denied that emerging economies were back-sliding from pledges to step up action from 2020..
-
*Year-long inquiry calls for UK press watchdog backed by law. *Judge chides some UK press for "outrageous" behaviour.
-
WASHINGTON, Nov 29- An increase in the U.S. debt limit must be part of any deal to resolve the looming "fiscal cliff" of year-end tax hikes and spending cuts, Senate Majority Leader Harry Reid said on Thursday. Reid, a Democrat from Nevada, told reporters after meeting with U.S.
-
NEW YORK/ LONDON, Nov 29- Cocoa and sugar futures on ICE edged higher on Thursday, in line with firm commodity markets, as hopes rose that the United States would avert a fiscal crisis, while coffee pared earlier gains. "We have been trading in line with the macroeconomic headlines lately," said Andrey Kryuchenkov, an analyst at VTB Capital.
-
Nov 29- Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes, has signed non-disclosure agreements with 70 parties interested bidding for the company's assets as it liquidates, Hostess's banker told a court hearing on Thursday.
-
OTTAWA, Nov 29- Canada's budget watchdog said the Conservative government appears to have overstated its budget deficit by an average of C $4.7 billion a year for the current and next three fiscal years.
-
MIAMI, Nov 29- Friday marks the end of an Atlantic- Caribbean hurricane season where the greatest devastation was caused by water rather than wind, U.S. National Hurricane Center Director Rick Knabb said. "We've been working toward a new storm surge warning for a few years now," Knabb told Reuters in an interview at the hurricane center in Miami. "
-
*China banks, property, Tencent lead HK rebound. HONG KONG, Nov 29- Hong Kong and China shares rose for the first time in four days on Thursday, after a prominent U.S. lawmaker raised hopes of a deal to resolve the U.S. fiscal policy standoff, but turnover was weak, pointing fragile confidence in the market.
-
*Research in Motion jumps on Goldman upgrade. NEW YORK, Nov 29- U.S. stocks climbed on Thursday, but shed some earlier gains, after John Boehner, the top Republican in Congress, poured cold water on hopes that lawmakers were getting closer to cutting a budget deal that would avert a possible recession next year.
-
*Pace of job growth doesn't materially change labor market. NEW YORK, Nov 29- An influential Federal Reserve official on Thursday signaled some support for further asset purchases by the U.S. central bank in the new year, arguing that recent improvements in jobs growth is still not enough to materially change the struggling labor market.
-
NEW YORK, Nov 29- Lockheed Martin Corp President Marillyn Hewson said on Thursday that talks with the Pentagon about a fifth batch of F-35 fighter jets were going well and an agreement was likely before the end of the year.
-
*Same-store sales at Target, Gap, Macy's miss expectations. Nov 29- Weak sales at leading U.S. retailers in early November dragged down their results for the month as the effects of major Northeast storms offset brisk activity over the long Thanksgiving weekend.
-
Democratic Senate leader Harry Reid on Thursday said Democrats are still waiting for a reasonable proposal from Republicans to resolve a stalemate over the "fiscal cliff" of tax hikes and spending cuts looming at year's end. He made the comments shortly after U.S. House of Representatives Speaker John Boehner, the top Republican, emerged from a meeting with U.S.
-
Nov 29- Activist investor Carl Icahn urged shareholders of Oshkosh Corp on Thursday to accept his $32.50- per-share bid for any and all outstanding shares of the company before the offer expires on Monday. Oshkosh responded by urging shareholders to ignore the bid, which it called "inadequate and opportunistic."
-
BRUSSELS, Nov 29- EU trade ministers overcame resistance from the car industry on Thursday and agreed to start negotiations to create a free-trade pact with Japan, Europe's most ambitious step so far in a strategy to tie up deals with the world's biggest economies.