Latest Business News Wires - Business Headlines


  • *Shares open at $17.50, above IPO price of $15. *Rupert Murdoch's News Corp to hold 13.7 pct in company. Rubicon Project's shares opened at $17.50 and touched a high of $19.45 on the New York Stock Exchange on Wednesday.

  • BlackBerry severs sales ties with T-Mobile US Wednesday, 2 Apr 2014 | 10:36 AM ET
    BlackBerry Z30

    BlackBerry said it would not renew a deal allowing T-Mobile US Inc to sell its products.

  • *Private payrolls rise 191,000 in March. WASHINGTON, April 2- U.S. companies stepped up hiring in March and factory orders rose solidly in February, in further signs the economy was regaining momentum after a recent weather-driven slowdown.

  • SAN FRANCISCO, April 2- Apple Inc, Google Inc and Facebook Inc have made significant progress in adopting renewable energy sources to power their Web services, the environmental group Greenpeace said in a report on Wednesday.

  • NEW YORK, April 2- U.S. "The upward revision certainly increases the chance of a strong number on Friday," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.

  • WASHINGTON, April 2- The U.S. Supreme Court on Wednesday expanded how much political donors can give candidates and parties in federal elections by striking down a key pillar of campaign finance law.

  • Nestle and Deutsche Post prop up European shares Wednesday, 2 Apr 2014 | 10:14 AM ET

    *Nestle and Deutsche Post add most points to FTSEurofirst. LONDON, April 2- Gains at food group Nestle and Deutsche Post propped up European shares on Wednesday, with a pan-European equity index on track for its seventh day of gains. Nestle rose 1.9 percent rise and Deutsche Post 4. 4 percent; together they added the most points to the FTSEurofirst 300..

  • April 2- MannKind Corp's shares doubled on Wednesday, after an advisory committee to the U.S. health regulator recommended approval of the drug developer's inhaled insulin treatment.

  • April 2- Shares of Rubicon Project Inc, a provider of online advertising services, rose as much as 18 percent in their market debut, valuing the company at about $616 million. Rubicon Project's shares opened at $17.50 and touched a high of $17.75 on the New York Stock Exchange on Wednesday.

  • SANTIAGO, April 2- Thousands of people who evacuated Chile's low-lying coastal areas returned home on Wednesday morning after authorities called off a tsunami alarm as damage from a massive overnight earthquake seemed mostly limited.

  • April 2- Monsanto Co, the world's largest seed company, reported higher-than-expected quarterly earnings on Wednesday as its corn and soybean businesses expanded globally. "Our business is on track to deliver the growth we anticipated," Monsanto Chairman Hugh Grant said on a conference call.

  • U.S. factory orders surge in February Wednesday, 2 Apr 2014 | 10:00 AM ET

    WASHINGTON, April 2- New orders for U.S. factory goods rebounded more than expected in February, with shipments posting their biggest gain in seven months in a further sign the economy was regaining momentum after a recent weather-driven slowdown.

  • NEW YORK, April 2- The dollar was little changed against a basket of major currencies on Wednesday after private payrolls data showed U.S. businesses shaking off some of the chill on hiring left by harsh winter weather.

  • BRASILIA, April 2- Brazil will likely raise interest rates for the ninth straight time on Wednesday, aiming to tame a surge in food prices that threatens to push inflation through the official target ceiling in an electoral year.

  • BEIJING, April 2- China acted for the first time this year to steady its stumbling economy by cutting taxes for small firms on Wednesday and announcing plans to speed up the construction of railway lines.

  • TOKYO, April 2- The future of Apple Inc's supply chain for its flagship smartphones has come under industry scrutiny as people familiar with the matter said Apple is in talks to buy control of a Japanese venture that makes key semiconductors for its iPhone screens.

  • MILAN, April 2- CNH Industrial said on Wednesday its truck and commercial vehicles unit Iveco would suspend manufacturing operations in Venezuela after currency controls hit imports of components and materials.

  • NEW YORK, April 2- U.S. stocks opened little changed on Wednesday, with the S&P 500 near its record high reached in the prior session, after data on the labor market was slightly below expectations.

  • How to run or ruin a company in 140 characters Wednesday, 2 Apr 2014 | 9:24 AM ET

    *Nat Rothschild's Twitter insult becomes a global story. LONDON, April 2- When Nat Rothschild, the co-founder of troubled miner ARMS, insulted his former investment partner on Twitter last week, he showed the power of social media for business leaders seeking publicity- but also the perils of saying the wrong thing.

  • April 2- Bill Gates, the World Bank and other donors are stepping up efforts to fight neglected tropical diseases in Africa and other low-income regions with a $240 million injection of new funding. The new collaboration includes $50 million from the Bill& Melinda Gates Foundation and $50 million from the Children's Investment Fund Foundation.