Latest Business News Wires - Business Headlines


  • On New Year's Eve Sofia Liu, 6, died after she, her younger brother and their mother were hit by a car in a San Francisco cross-walk, according to the lawsuit. In a statement immediately after the San Francisco crash, Uber said the tragedy did not involve a vehicle "doing a trip on the Uber system," and that Uber "deactivated" the driver's account.

  • Jan 27- Hard-disk drive maker Seagate Technology Plc's second-quarter results missed analysts' estimates as growth slowed in its cloud storage business, sending its shares down 7 percent in extended trading. O'Malley, who counts Google among Seagate's customers, said cloud comprised 10-15 percent of its total revenue in the second quarter ended Dec. 27.

  • Rio Tinto in talks to sell Quebec aluminum plant Monday, 27 Jan 2014 | 7:47 PM ET

    Sotrem, a company based in Saguenay, Quebec, that makes aluminum foundry alloys and deox, a type of aluminum used to remove oxygen in steel production, is leading the deal to buy the plant, said Yvon D' Anjou, who is in charge of the project. "We expect to come to a consensus in the next few months," said D' Anjou.

  • TOKYO, Jan 28- The dollar regained a firmer footing against the yen on Tuesday, as expectations the U.S. The U.S. central bank is seen as likely to slice another $10 billion from its bond buying, as they focus more on the recovering U.S. economy and less on the recent rumbles in emerging markets. "We expect the Fed taper to continue at a pace of $10 billion per meeting.

  • SINGAPORE, Jan 28- Gold was steady on Tuesday after a sharp slide the session before, with investors worried the U.S. *Spot gold had risen 0.03 percent to $1,256.79 an ounce by 0013 GMT, after dropping 1 percent on Monday and retreating sharply from a two-month high.

  • WASHINGTON, Jan 27- The Obama administration notified Congress on Monday of plans to sell 24 Apache attack helicopters to Iraq, part of an effort to bolster the military against al Qaeda- linked militants, after addressing lawmakers' concerns that held up the sale for months.

  • WELLINGTON, Jan 28- New Zealand's central bank is on the verge of becoming the first developed country to raise interest rates in the current cycle, with market pricing suggesting a hike at this week's meeting is a close call.

  • SEOUL, Jan 28- Samsung Electronics Co Ltd sold a record 86 million smartphones in the fourth quarter and widened its lead over Apple Inc even after the U.S. firm reached a new iPhone sales high, data from research firm Strategy Analytics showed.

  • DIARY - Government debt auctions to Mar 28 Monday, 27 Jan 2014 | 7:03 PM ET

    Jan 27- For other related diaries, please see;. DIARY- Central& Eastern Europe debt. *=All times in GMT unless stated otherwise, For Australia time is updated as Local time.

  • DIARY - Top economic events to Feb 8 Monday, 27 Jan 2014 | 7:02 PM ET

    Jan 27- For other related diaries, please. BRUSSELS- Meeting of the Economic and Financial Affairs Council. BRUSSELS- IMF Managing Director Christine Lagarde, German Finance Minister Wolfgang Schauble and Spanish Economy Minister Luis de Guindos will attend the IMF Book launch function titled "Jobs and Growth: Supporting the European Recovery"- 0700 GMT.

  • DIARY - Emerging Markets Economic Events to Feb 6 Monday, 27 Jan 2014 | 7:01 PM ET

    Jan 27- For other related diaries, please. TUESDAY, JAN 28 BRUSSELS- IMF Managing Director Christine Lagarde, German Finance Minister Wolfgang Schauble and Spanish Economy Minister Luis de Guindos will attend an IMF book launch function "Jobs and Growth: Supporting the European Recovery"- 0700 GMT.

  • WASHINGTON, Jan 27 (Reuters)- U.S. technology companies may give the public and their customers more detail about the court orders they receive related to surveillance under an agreement they reached on Monday with the Obama administration.

  • Chemical maker Ashland to cut up to 1000 jobs Monday, 27 Jan 2014 | 6:44 PM ET

    Ashland, which is under pressure from activist investor Jana Partners to boost shareholder value, also said it plans to move another 1,000 jobs to existing lower-cost centers. Jana Partners held 8.58 percent stake in Ashland as of November, according to Thomson Reuters data.

  • TOKYO, Jan 28- Asian shares were pinned near five-month lows on Tuesday as turmoil in emerging markets and concerns about an economic slowdown in China took their toll. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent to a five-month low, extending a 3.8 percent loss in the past three days.

  • WASHINGTON, Jan 27- Congressional negotiators have reached a bipartisan agreement on the long-overdue U.S. farm bill, and a vote on the legislation could come soon, Senator Debbie Stabenow said on Monday. The Michigan Democrat said she was optimistic the bill would pass both chambers of Congress.

  • WASHINGTON, Jan 27- A bipartisan bill to delay dramatic increases in federal flood insurance premiums for millions of American homeowners and small businesses cleared a Republican procedural roadblock in the U.S. Senate on Monday.

  • Jan 27 (Reuters)- Apple Inc missed Wall Street's lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday.

  • *Caterpillar profit stronger than expected; shares rally. Caterpillar Inc, however, limited the losses of the Dow and S&P 500. The stock jumped 5.9 percent to $91.29 after the maker of mining and construction equipment reported a stronger-than-expected quarterly profit.

  • NEW YORK, Jan 27- U.S. prosecutors have criminally charged a former Wells Fargo& Co broker and a banker with insider trading in Burger King securities ahead of a 2010 buyout of the fast-food chain.

  • This could bring in an additional $8.9 billion in revenue annually to the agency, if just 10 percent of those under-served turned to the Postal Service. "The Postal Service also is among the most trusted companies in America and trust is a critical element for implementing financial services."