Latest Business News Wires - Business Headlines


  • JPMorgan to hike Dimon's 2013 pay - NY Times Friday, 24 Jan 2014 | 2:20 AM ET

    Jan 24- JPMorgan's board voted to raise Chief Executive Jamie Dimon's annual compensation for 2013, a turnaround from last year when it slashed his compensation by half in light of a trading debacle, the New York Times reported.

  • China shares post first weekly gain in 2014 Friday, 24 Jan 2014 | 2:12 AM ET

    HONG KONG, Jan 24- China shares rose on Friday, logging their first weekly gains this year after investors' liquidity concerns eased and property and financial sectors led gains. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.6 percent on the day and 3.1 percent for the week.

  • *Most central banks across Asia seen keeping rates on hold. *Extent of China slowdown a key risk factor. From China to India, Indonesia, Taiwan and Thailand, over 225 economists polled between Jan. 16-23 have collectively downgraded or left unchanged growth estimates for nine of the top 13 economies in Asia outside Japan.

  • SYDNEY, Jan 24- Australia's economy faces another year of substandard growth as it struggles to find new engines of activity to drive it over the hump of an historic mining boom.

  • BEIJING, Jan 24- China's economic growth will slow gradually over the next two years as the government forges ahead with structural reforms and seeks to curb elevated debt levels to help create long-term sustainable growth, a Reuters poll showed.

  • *Asia ex- Japan shares hit 4-1/ 2 mth low, Nikkei off 1.9 pct. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.8 percent, adding to the previous session's 1.3 percent decline following the Chinese factory activity report.

  • *China, EM worries spark selloff in risk assets. TOKYO, Jan 24- The yen, Swiss franc and euro held firm on Friday, having charged higher overnight as worries about a slowdown in China and turmoil in some emerging markets spurred demand for safe-haven currencies.

  • TOKYO, Jan 24- Japan's Nikkei share average dropped 1.9 percent to a one-month low on Friday as declines in emerging market currencies spooked investors and the previous day's weak China factory survey continued to hurt sentiment. Currencies from Brazil, Venezuela and Mexico all took a beating as well.

  • As a result, lawmakers from both the establishment wing of the Republican Party and the more fiscally conservative small-government proponents in the Tea Party movement are exploring healthcare policies. U.S. House of Representatives Speaker John Boehner of Ohio said it would be a major topic at a Republican retreat next week.

  • NEW YORK, Jan 24- A propane shortage is affecting millions of Americans this week as brutal cold exposes the vulnerabilities of a network responsible for heating homes, schools and businesses across wide swathes of the United States.

  • SINGAPORE, Jan 24- Brent futures held above $107 a barrel on Friday, as a bitter cold in the United States boosted demand for heating oil and drew down the country's stockpile of crude and distillates.

  • SHANGHAI, Jan 24- China's yuan rose against the dollar on Friday, guided by a stronger midpoint, while a top foreign exchange official said the country faces continued pressure from capital inflows. Traders said the People's Bank of China appeared to be reacting to a 0.9 percent weakening in the dollar index overnight.

  • Samsung posts first profit decline in 2 years Thursday, 23 Jan 2014 | 7:17 PM ET
    Samsung Galaxy Note 3

    Samsung Electronics Co posted its first decline in quarterly profit in two years, hit by a one-off special bonus as well as slowing smartphone sales.

  • EBay profit rises; Icahn proposes PayPal spin-off Wednesday, 22 Jan 2014 | 4:58 PM ET

    EBay reported a higher profit for the holiday quarter as more transactions were paid with its PayPal service.

  • Mortgage apps slowly rebound from steep tumble Wednesday, 22 Jan 2014 | 7:14 AM ET
    A pedestrian walks by a Wells Fargo home mortgage office in San Francisco.

    The Mortgage Bankers Association said its index of mortgage application activity rose in the latest week.

  • Russia hacked hundreds of companies, says security firm Wednesday, 22 Jan 2014 | 1:00 AM ET

    A U.S. cybersecurity firm says it has gathered evidence that the Russian government spied on hundreds of American, European and Asian companies.

  • Political unrest deals blow to Thai billionaire Tuesday, 21 Jan 2014 | 7:36 PM ET
    Dhanin Chearavanont, billionaire and chairman of Charoen Pokphand Group Co. (CP Group), pauses while attending a conference hosted by the Thailand-China Chamber of Commerce in Bangkok, Thailand.

    A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.

  • Another 787 problem: Fuel leak delays flight Tuesday, 21 Jan 2014 | 6:00 PM ET
    Boeing 787 Dreamliner

    Discount airline Norwegian Air Shuttle ASA said on Tuesday that a fuel leak on a Boeing Co 787 Dreamliner caused a flight to be delayed by 19 hours.

  • Investors watching earnings for any sign of growth Tuesday, 21 Jan 2014 | 5:47 PM ET
    Traders on the floor of the New York Stock Exchange.

    "Results are running light, and negative announcements have been off the hook," one analyst said amid a spate of disappointing reports.

  • Texas Instruments to cut 1,100 jobs Tuesday, 21 Jan 2014 | 5:25 PM ET

    Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.