Latest Business News Wires - Business Headlines


  • SINGAPORE, Sept 23- Gold was stuck near January lows on Tuesday, hurt by outflows from the top bullion backed exchange-traded fund as investors adjust positions in anticipation of higher interest rates in the United States and further strength in the dollar.

  • NEW YORK, Sept 22- Dozens of protesters were arrested on Monday during a demonstration in New York City to denounce what organizers say is Wall Street's contribution to climate change. Hundreds of protesters had earlier in the day blocked streets near the stock exchange, in an action called Flood Wall Street.

  • Facebook to introduce new advertising platform -WSJ Monday, 22 Sep 2014 | 8:30 PM ET

    Sept 22- Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. The product is a redesigned version of Atlas Advertiser Suite, an ad management and measurement platform that Facebook bought from Microsoft Corp last year.

  • *Equities on defensive before China manufacturing survey. SYDNEY, Sept 23- Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.

  • YUZHNO-SAHKALINSK, Russia, Sept 23- Russia will meet a plan to boost oil flows to China despite Western sanctions over Russia's role in the Ukraine crisis aimed at barring its oil firms from foreign technologies and funds, Russian deputy energy minister said.

  • Russia's Gazprom says Western sanctions won't hurt Monday, 22 Sep 2014 | 8:03 PM ET

    YUZHNO-SAKHALINSK, Russia, Sept 23- Russia's Gazprom can substitute all imported equipment that is subject to Western sanctions against the company over Russia's role in Ukraine, and the sanctions would not succeed, Gazprom's depurty CEO told an industry conference.

  • *All eyes on HSBC flash China PMI report due at 0145 GMT. SYDNEY, Sept 23- The dollar hovered just below a four-year peak against a basket of major currencies early in Asia on Tuesday as the euro steadied near a 14- month trough with sellers taking a bit of a breather.

  • The Fed should also consider imposing a two-year deadline for meeting its 2- percent inflation goal, and be clear that financial stability is a factor in monetary policy decisions, Minneapolis Fed President Narayana Kocherlakota said in remarks prepared for delivery at the Economic Club of Marquette County in Michigan's Upper Peninsula.

  • CHICAGO, Sept 22- Russia's ban on Western meat imports, in response to sanctions imposed for its role in eastern Ukraine, contributed in part to increased U.S. pork and poultry warehouse inventories in August, an analyst said.

  • Since Valeant and Pershing Square offered to buy Allergan on April 22, Allergan has consistently rejected their offer, saying it undervalues the company. "We believe Valeant and Pershing Square are conducting a fishing expedition for their own purposes and contrary to the best interests of Allergan stockholders," Allergan's spokesman said on Monday.

  • OTTAWA, Sept 22- The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said.

  • WASHINGTON, Sept 22- Moving against tax-avoidance by corporations, the Obama administration is taking several actions to curb deals known as "inversions" that allow companies to escape U.S. taxes by reincorporating abroad.

  • Sept 22- Standard& Poor's owner McGraw Hill Financial Inc said it would sell McGraw Hill Construction to a private equity firm for $320 million.

  • ISTANBUL, Sept 22- Airbus and Boeing clashed over jet production on Monday, with the European planemaker questioning the viability of its rival's proposals to hike output and Boeing insisting it will only build the number of jets that its buyers and suppliers can handle.

  • WASHINGTON, Sept 22- President Barack Obama said on Monday that new steps announced by Treasury Secretary Jack Lew will discourage companies from pursuing corporate tax-avoidance deals known as "inversions."

  • NEW YORK, Sept 22- Goldman Sachs Group Inc has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.



  • WASHINGTON, Sept 22- The Obama administration said on Monday it will take several actions against corporate tax-avoidance deals known as "inversions" by reducing the tax benefits accessible to inverted companies and by making inversions more difficult to do.

  • DETROIT, Sept 22- A federal bankruptcy judge on Monday heard testimony from low-income families in Detroit who say they suffered hardships when the city cut off their water with no warning and are suing to prevent such shutoffs from happening again.