Latest Business News Wires - Business Headlines


  • SAN FRANCISCO, Feb 4- Google Inc Executive Chairman Eric Schmidt will be awarded $100 million in restricted stock units, the company said on Tuesday, marking the second time in less than three years that the Internet company's former chief executive officer has received an equity award of that size.

  • WASHINGTON, Feb 4 (Reuters)- U.S. Senate Democrats on Tuesday set up a showdown vote with Republicans on a new bill to extend long-term unemployment benefits for 1.7 million Americans while making millionaires ineligible for such relief.

  • WASHINGTON, Feb 4- Three companies operating in North Dakota's Bakken energy patch were on Tuesday were fined $93,000 for wrongly classifying crude oil being hauled from the field to tank car trains.

  • SYDNEY, Feb 5- The yen got off to a weak start in Asia on Wednesday having retreated from multi-month highs as emerging markets stabilised and stocks rebounded, while the Australian dollar took a breather following a powerful rally.

  • SEATTLE, Feb 4- Alaska Airlines is determined to remain independent and its financial results are crucial to staving off a takeover, the head of the airline said on Tuesday. "The best defense is performance," Brad Tilden, chief executive officer of Alaska Air Group, told an aerospace conference.

  • Feb 4- Newmont Mining Corp expects to be able to continue with normal operations at its Batu Hijua copper-gold mine in Indonesia for the next couple of months while it tries to resolve an export impasse with the government, Chief Executive Gary Goldberg said.

  • MILFORD, Conn., Feb 4- Connecticut's Democratic governor, Dannel Malloy, on Tuesday called for the state to raise its minimum wage to $10.10 an hour, matching President Barack Obama's call last month to raise the national minimum to that level.

  • SAN FRANCISCO, Feb 4- Satya Nadella's elevation to CEO and co-founder Bill Gates' decision to relinquish his chairmanship at Microsoft Corp marks a changing of the guard at a 39- year-old company that fueled the PC revolution but is now struggling to establish its long-term identity.

  • Beverly Wyse, manger of Boeing's 737 program manager, told reporters the factory plans to step up production to 42 per month in the second quarter and may go to 52 per month in 2018 or 2019, but that the company was still studying the possibility.

  • WASHINGTON, Feb 4- Three of President Barack Obama's nominees to serve on the U.S. Federal Reserve Board will likely appear before a U.S. Senate Banking Committee during the last week of February, a committee aide said on Tuesday.

  • Feb 4- Medtronic Inc's stumble in its U.S. medical device study to treat high blood pressure could create an opportunity for other device makers to pick up where their rival has left off, Boston Scientific Corp Chief Executive Mike Mahoney said on Tuesday.

  • The SEC has pursued dozens of cases against Chinese companies that entered the U.S. capital markets through backdoor mergers with U.S. shell companies and has delisted many for failing to file accurate or timely reports, But it has run into problems obtaining audit documents from China to pursue the investigations further and build evidence of fraud.

  • WASHINGTON, Feb 4- The U.S. Department of Transportation said on Tuesday it had fined three oil companies $93,000 for wrongly classifying crude shipments in North Dakota's Bakken region, in the first sanctions issued by regulators since several fiery derailments.

  • Feb 4- Diamond S Shipping Group Inc, which is backed by billionaire-investor Wilbur Ross, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. Jefferies and BofA Merrill Lynch would underwrite the offering, Diamond S Shipping said in a filing on Tuesday with the U. S Securities and Exchange Commission.

  • *Only third CEO in Microsoft's 39- year history. *Gates says will spend 1/ 3 of his time on Microsoft.

  • "The company also experienced acceleration in large deal sign-ups and new customer signings given that this was the fourth quarter and momentum remains in their favor," Mizuho Securities U.S.A. analyst Abhey Lamba said in a note.

  • Feb 4- Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit over mortgage-backed securities. The Wall Street bank will add $150 million to its legal reserves as a result of the settlement with the Federal Housing Finance Agency, Morgan Stanley disclosed in a regulatory filing on Tuesday.

  • WASHINGTON, Feb 4- The U.S. Senate gave final congressional approval on Tuesday to a farm bill, costing an estimated $956 billion over a decade, that trims food stamps for the poor, expands federal crop insurance and ends direct payments to farmers, and sent it to President Barack Obama for his expected signature.

  • WASHINGTON, Feb 4- Republican lawmakers urged the Obama administration on Tuesday to approve more ports for exporting surging supplies of natural gas, saying that fuel-thirsty countries could look to other producers if Washington does not act this year.

  • NEW YORK, Feb 4- As investigations into alleged manipulation of the global foreign exchange market advance, class actions against the world's biggest banks are piling up, exposing the banks to potentially billions of dollars in damages.