Latest Business News Wires - Business Headlines


  • WASHINGTON, Feb 12- The U.S. Senate Banking Committee said on Wednesday that it postponed Thursday's hearing with Federal Reserve Chair Janet Yellen. The Washington area is expecting a significant snowstorm that could conflict with Yellen's testimony.

  • NEW YORK, Feb 12- World stock markets edged up for a sixth straight session on Wednesday after upbeat trade data from China soothed worries about slower global growth, while the British pound rose to a two-week high against the dollar.

  • WASHINGTON, Feb 12- About 3.3 million people enrolled in private Obamacare health coverage through new U.S. healthcare marketplaces from Oct. 1 to Feb. 1, the Obama administration said on Wednesday.

  • *EU's Kroes wants strong role for Europe in shaping Internet. BRUSSELS, Feb 12- The European Commission called on Wednesday for a dilution of U.S. influence over the organisation of the Internet, a sign of tension following snooping exposed by former U.S. spy agency contractor Edward Snowden.

  • SAFT ON WEALTH-The 'slow trade' movement Wednesday, 12 Feb 2014 | 3:22 PM ET

    Ben Inker, of value-investing-orientated funds house GMO LLC, coined the slow trade term to describe a fascinating phenomenon: if something looks good from a value perspective now, you usually do better by waiting a year.

  • WASHINGTON, Feb 12- About 3.3 million people enrolled in private Obamacare health coverage through new U.S. healthcare marketplaces from Oct. 1 to Feb. 1, the Obama administration said on Wednesday. The data also shows that the number of young adult enrollees aged 18 to 34 rose slightly to 25 percent of the total enrollment population.



  • RIO DE JANEIRO/ LONDON, Feb 12- Emerging market stocks rose to three-week highs on Wednesday, boosted by stronger-than-expected trade data in China, but Brazil and Mexico shares were unable to hold on to early gains. China is a key purchaser of raw materials such as iron ore, soybeans and copper from other developing markets.

  • President Barack Obama signed an executive order on Wednesday to raise the minimum wage for federal contract workers to $10.10 an hour starting next year and encouraged employers nationwide to increase wages for their workers. The order will affect workers starting on Jan. 1, 2015, and applies to new contracts and replacements for expiring contracts.

  • *Prada sees "encouraging signs" in China. HONG KONG, Feb 12- Italian fashion house Prada said on Wednesday sales growth slowed to 9 percent in the year ended Jan. 31, from 29 percent in the previous year, hurt by a weak European market.

  • LONDON, Feb 12- The savings of the European Union's 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.

  • NEW YORK/ LONDON, Feb 12- Cocoa futures in New York and London hit 2-1/ 2- year highs on Wednesday on worries that potential El Nino weather conditions could curb global cocoa output, while ICE raw sugar rallied the most in almost two weeks on short-covering. May cocoa on ICE gained $43, or 1.3 percent, to settle at $2,971 a tonne, after hitting a 2-1/ 2- year high of $2,974.

  • Feb 12- Ventrus Biosciences Inc's shares plunged 66 percent after the company said its lead experimental treatment for anal fissures failed to reduce pain compared with a placebo in a second late-stage trial. The treatment could compete with Rectiv, marketed by Aptalis Pharmaceuticals Inc. Forest Laboratories Inc said in January it would buy Aptalis.

  • CHICAGO, Feb 12- A tailored mix of farming technologies could significantly improve global food security by mid-century as the world's population swells to a projected 9 billion and the risk of adverse weather from climate change threatens crops and disrupts trade, according to a study published on Wednesday.

  • CHICAGO, Feb 12- Kroger Co, the biggest U.S. supermarket operator, faces a lawsuit claiming it deceived consumers by marketing a store brand as humanely raised chicken products when the animals were raised under standard commercial farming.

  • BOSTON, Feb 12- Fidelity Investments, the No. 2 U.S. mutual fund company, said on Wednesday that operating profit rose 13 percent to $2.6 billion last year as clients pulled less money from its funds.

  • NEW YORK, Feb 12- U.S. oil rose on Wednesday but government data showing a larger-than-expected build in crude inventories pulled futures off the highs, with expectations for dwindling seasonal demand for heating fuels also helping curb the gain.

  • Feb 12- U.S. health regulators on Wednesday approved the Johnson& Johnson and Pharmacyclics Inc cancer drug Imbruvica to treat chronic lymphocytic leukemia, a slowly progressing form of blood cancer.

  • NEW YORK, Feb 12- Thomson Reuters Corp forecast that revenue would be flat in 2014 and reported worse-than-expected fourth-quarter results, as financial customers in Europe and Asia cut back on spending and the legal business weakened in Latin America.