Latest Business News Wires - Business Headlines


  • OAKLAND, Calif., July 10- A U.S. court on Thursday sentenced a California businessman to 180 months' prison time for stealing DuPont trade secrets to help a state-owned Chinese company develop a white pigment used in a wide range of products.

  • WASHINGTON, July 10- The U.S. government sued Amazon.com on Thursday for allowing children to collectively run up millions of dollars in purchases on the credit cards of their unsuspecting parents while playing mobile apps like " Tap Zoo" and " Ice Age Village."

  • RAF FAIRFORD, England, July 10- The Pentagon's chief weapons buyer told lawmakers there was "growing evidence" that an engine fire on an Air Force F-35A jet last month was not a systemic issue, which sources familiar with the situation said could pave the way for officials to lift an order grounding the fleet of warplanes.

  • NEW YORK, July 10- U.S. stocks fell on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains. Despite that, equities ended well off their lows of the day. The S&P 500 fell as much as 1 percent at one point before sharply rebounding, though it closed under its 14- day moving average.

  • July 10- A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo& Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week. He referred to his reasoning in the Bank of America case, where he said Miami lacked standing to sue.

  • *Relatively weak auction of $13 billion of 30- year bonds. Treasuries prices rose on Thursday, with benchmark yields falling to their lowest in five weeks as investors scrambled for low-risk bonds on worries that problems involving Portugal's biggest listed bank may rekindle the region's financial woes.

  • BOSTON, July 10- Microsoft Corp said it has freed at least 4.7 million infected personal computers from control of cyber crooks in its most successful digital crime-busting operation, which interrupted service at an Internet-services firm last week.

  • LOS ANGELES, July 10- A veteran actress says it is the "delicious" scripts and unvarnished realism of the female prison inmates that draw viewers to "Orange is the New Black," while the creator of " House of Cards" credits a ruthless yet vulnerable power couple for the thriller's success.

  • NEW YORK, July 10- The yen hit a five-month high against the euro and an almost two-month high against the dollar on Thursday after concerns about Portugal's largest listed bank and weak Italian economic data hit European shares.

  • WASHINGTON, July 10- Amazon.com was sued on Thursday by the U.S. government for allowing children to use mobile apps to rack up millions of dollars in charges without getting permission from parents, who were stuck with the bills.

  • July 10- Certain economic formulas are pointing to a Federal Reserve interest rate hike as early as this year, a Fed official said on Thursday, according to Dow Jones.

  • WASHINGTON, July 10- The top Democratic and Republican tax writers in the U.S. Senate announced on Thursday a $10.8 billion plan to extend federal funding for transportation projects into the summer of 2015, roughly matching legislation moving through the House of Representatives.

  • SEATTLE, July 10- Microsoft Corp Chief Executive Satya Nadella deferred any comment on widely expected job cuts at the software company on Thursday, after circulating a memo to employees promising to "flatten the organization and develop leaner business processes."

  • YOUR MONEY -When airport clubs are worth the money Thursday, 10 Jul 2014 | 3:03 PM ET

    July 10- When you fly several times a month, as Gabriella Ribeiro Truman does, finding a comfortable place to wait for a flight and grab a snack can make traveling a lot more enjoyable.

  • "The LRS-B is a top modernization priority for the Air Force. The competition is expected to pit Northrop Grumman Corp, the maker of the B-2 bomber, against a combined team of Boeing Co and Lockheed Martin Corp, the two top weapons makers for the U.S. government. The Air Force has said it plans to buy as many as 100 new bombers for no more than $550 million each.

  • *Brazil cane harvest speeds up- Unica. NEW YORK/ LONDON, July 10- Speculators triggered a fall in arabica coffee futures by liquidating positions on Thursday, taking one of this year's best performing commodities to a near five-month low and knocking off the seasonal frost premium on moderate weather forecasts.

  • WASHINGTON, July 10- The U.S. Senate confirmed former Secretary of Housing and Urban Development Shaun Donovan on Thursday to take over as President Barack Obama's budget director. Donovan takes the helm of the White House Office of Management and Budget from Sylvia Mathews Burwell, who is now serving as secretary of health and human services.

  • UNITED NATIONS, July 10- More than half of the world's seven billion people live in urban areas, with the top "mega cities"- with more than 10 million inhabitants- being Tokyo, Delhi, Shanghai, Mexico City and Sao Paulo, according to a United Nations report on Thursday.

  • WASHINGTON, July 10- Verizon Communications Inc had a net addition of over 1.4 million postpaid subscribers in the second quarter, its chief executive said on Thursday, a dramatic increase from the first quarter, when customer growth fell short of expectations.

  • US STOCKS-Wall St edges lower on Portugal bank worry Thursday, 10 Jul 2014 | 2:39 PM ET

    *Lumber Liquidators tumbles after revised outlook. NEW YORK, July 10- U.S. stocks edged lower on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains.