Latest Business News Wires - Business Headlines


  • FACTBOX-Projected auto investment in Mexico Sunday, 20 Oct 2013 | 10:00 AM ET

    Nissan Motor Co Existing Plants: Aguascalientes, Cuernavaca New Plants: Aguascalientes No.2 New Investment: $2 billion Future Products: Nissan Sentra, Infiniti Q30 Annual Capacity by 2020: 1,100,000. Volkswagen AG Existing Plant: Puebla New Plants: Silao, San Jose Chiapa New Investment: $1.85 billion Future Products: Audi Q5, Q6 Annual Capacity by 2020: 850,000.

  • DETROIT, Oct 20- The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation's rising economic challenge to rivals from the United States to China.

  • WASHINGTON, Oct 20- A week after U.S. Senate leaders brokered a bipartisan spending deal to reopen the U.S. government and stave off a potentially disastrous default on American debt, Reuters will host several key players in the budget dispute as part of its annual Washington Summit.

  • UPDATE 2-Karnit Flug named Bank of Israel governor Sunday, 20 Oct 2013 | 9:23 AM ET

    TEL AVIV, Oct 20- Israel on Sunday named Karnit Flug as the first woman to head its central bank and meet the challenge of a rising shekel after a rocky selection process that dragged on for months. Accepting the post, Flug, said in a brief statement the central bank and Israel's economy faced significant challenges.

  • LONDON/ PARIS, Oct 20- Britain is set to sign a deal with France's EDF for the first nuclear plant to start construction in Europe since Japan's Fukushima disaster raised safety concerns worldwide, at a cost estimated at around $23 billion.

  • Twitter quitters dog IPO Sunday, 20 Oct 2013 | 7:59 AM ET

    He said, however, that he does check Facebook every day to see what his friends are up to. Hovasse's experience highlights a risk for investors as Twitter Inc marches towards this year's most anticipated initial public offering in the United States, expected to begin trading on the New York Stock Exchange in mid-November.

  • RIO DE JANEIRO, Oct 20- Investors who bet on Eike Batista have lost billions over the past year as the Brazilian's ephemeral business empire imploded. But they haven't been the only losers- the onetime Amazon gold trader and former speedboat racer's hometown of Rio de Janeiro has also been shaken by his rapid decline.

  • Big data heralds return of the Cray supercomputer Sunday, 20 Oct 2013 | 6:59 AM ET

    SEATTLE, Oct 20- "Big data" means big computers, and good news for Cray Inc. The pioneer of supercomputers in the 1970 s stood on the brink of obscurity 20 years ago but is now surging back to prominence. People thought,' I can run my simulation on my laptop', "said Barry Bolding, a Cray vice president, at the company's Seattle headquarters last week.

  • PARIS, Oct 20- A newspaper open on the bar of this Paris cafe tells of a row over France's Sunday trading rules. But the bar owner, Zhang Chang, says he has little time to follow such debates. he asks, perplexed by France's landmark law which shaved four hours off the statutory working week in the late 1990 s.

  • Say cheese: EU strikes trade deal with Canada Saturday, 19 Oct 2013 | 4:44 AM ET
    Canadian Prime Minister Stephen Harper (L) and  European Commission President Jose Manuel Barroso (R)

    After settling lingering issues over beef and cheese quotas, the EU and Canada inked a trade deal integrating two of the world's biggest economies.

  • Think debt fight was close? Wait until next year Friday, 18 Oct 2013 | 2:18 PM ET
    The U.S. Capitol

    The Obama administration was able to scrape up against the government's debt ceiling for five months before it came to the brink of default. It could have less breathing room in 2014.

  • Transaction declined: BofA weighs overdraft curbs Friday, 18 Oct 2013 | 9:29 AM ET

    Bank of America is considering a plan to introduce a checking account that curbs overdraft practices, according to a WSJ report.

  • HSBC hit with record $2.46 billion judgment Friday, 18 Oct 2013 | 3:02 AM ET

    A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.

  • Nestle sales growth misses poll on weak Europe and Asia Thursday, 17 Oct 2013 | 2:00 AM ET

    Nestle said still-weak emerging market demand and falling prices for its products in Europe slowed underlying sales growth to 4.4 percent in the first nine months of the year.

  • Advance buys General Parts in $2 billion marriage Wednesday, 16 Oct 2013 | 8:53 AM ET

    Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts.

  • Shale surge leads US to out-Saudi Mideast: Study Tuesday, 15 Oct 2013 | 2:42 PM ET

    The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history.

  • Veterans groups take shutdown protest to White House Sunday, 13 Oct 2013 | 4:03 PM ET
    Protesters wave US flags during a demonstration at the World War II memorial on October 13, 2013 in Washington, DC.

    Groups protested the government shutdown, taking down barricades around the World War Two memorial before marching to the gates of the White House.

  • Fox shareholders urged to vote against Murdoch Wednesday, 9 Oct 2013 | 2:05 AM ET
    News Corp. CEO Rupert Murdoch.

    Proxy advisory group ISS has urged Twenty-First Century Fox Inc shareholders to vote against the reelection of Chairman Rupert Murdoch and some other board members at an annual shareholders meeting this month, criticizing the company's adoption of a poison pill.

  • Space thriller 'Gravity' earns $55.6 million Sunday, 6 Oct 2013 | 2:17 PM ET

    'Gravity,' a new 3D thriller about two stranded astronauts floating through space, soared to the top of weekend movie charts.

  • Five years after Lehman, world is hoarding cash Sunday, 6 Oct 2013 | 9:37 AM ET

    Five years after Lehman Brothers collapsed, families in major countries around the world are still too spooked to take chances with their money.

Most Popular Video

Wednesday, 16 Apr 2014 | 11:11 PM ET

Vasu Menon, VP, Group Wealth Management at OCBC Bank, describes why Asian shares are mixed on Thursday despite dovish comments from the Fed overnight.

Wednesday, 16 Apr 2014 | 9:13 PM ET

Ha Jiming, Vice Chairman, China at Goldman Sachs Private Wealth Management, says China needs structural reforms that can correct imbalances in its economy.

Wednesday, 16 Apr 2014 | 8:55 PM ET

Frank Appel , CEO at Deutsche Post DHL, sees "higher chances than risks" for its business in the mainland despite recent data pointing to a slowdown.