Latest Business News Wires - Business Headlines


  • LONDON, Jan 27- Brent oil futures fell towards $107 a barrel on Monday as investors dumped risky assets over worries about weaker emerging market economies, but U.S. crude held up due to a spell of cold weather. "There is quite a lot of uncertainty creeping in here," said Ole Hansen, senior commodity strategist at Saxo Bank.

  • WASHINGTON, Jan 27- The U.S. Supreme Court on Monday declined to hear an appeal from a radiologist seeking to reinstate a $482 million patent infringement award he had won against Cordis Corp..

  • Career Education gets inquiry from attorneys general Monday, 27 Jan 2014 | 10:03 AM ET

    Jan 27- For-profit education company Career Education Corp said it received inquiries from 12 state attorneys general related to its enrollment practices and student loans. The U.S. Consumer Financial Protection Bureau said earlier this month that it was considering legal action against Corinthian Colleges Inc over issues related to student loans.

  • FACTBOX-Wages in South Africa's platinum sector Monday, 27 Jan 2014 | 10:02 AM ET

    Jan 27- South Africa's Association of Mineworkers and Construction Union has launched strikes in a dispute over wages with the world's top three platinum producers. The following are some facts and figures about AMCU's demands, the offers from Anglo American Platinum, Impala Platinum and Lonmin, and wages in the sector.

  • WASHINGTON, Jan 27- Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested sufficient strength in the housing market to support the economy. The Commerce Department said on Monday sales fell 7.0 percent to a seasonally adjusted annual rate of 414,000 units.

  • If he can hang on, Libyan premier may win oil standoff Monday, 27 Jan 2014 | 10:00 AM ET

    TRIPOLI, Jan 27- Almost every week, Prime Minister Ali Zeidan either tries to cajole the fighters choking off Libya's crude exports or threatens to break their blockade by force.

  • KIEV, Jan 27- Ukraine is borrowing another $2 billion from Russia on the same terms as a $3 billion Eurobond sold in December, in a sign that Moscow is pushing on with a $15 billion bailout despite concern about violence at anti-government protests in Kiev.

  • LONDON, Jan 27- In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up?

  • *Sees full-year earnings $3.20- $3.40/ share vs est $3.17/ share. Jan 27- Royal Caribbean Cruises Ltd forecast a stronger-than-expected profit for 2014, buoyed by fourth-quarter earnings that comfortably beat Wall Street estimates, as increased bookings in Europe and Asia made up for weakness in the Caribbean.

  • NEW YORK, Jan 26- After a scary sell-off in emerging markets in the past week, investors who specialize in the sector are looking for places to hide while also looking for opportunities to benefit.

  • NEW YORK, Jan 27- Wall Street rebounded modestly on Monday after its worst week since June 2012, with investors focused on corporate earnings from big names like Caterpillar and Apple.

  • Piwowar's comments come as the SEC's five commissioners are weighing a proposal to reduce run risks on money market funds, like the one seen in 2008 when the Reserve Primary Fund's net asset value fell below $1 per share as panicked investors yanked out their money to avoid exposure to Lehman Brothers.

  • UPDATE 4-AT&T rules out Vodafone bid for now Monday, 27 Jan 2014 | 9:29 AM ET

    *AT&T says will not bid for Vodafone in next 6 months. LONDON, Jan 27- U.S. mobile group AT&T has ruled out a bid for Britain's Vodafone for now, with banking sources saying a U.S. spying scandal and a surge in European telecom shares may have disrupted a deal that many think could still happen.

  • Jan 27- Teamsters union members have approved YRC Worldwide Inc's revised labor contract, clearing the way for the struggling trucking company to proceed with its refinancing plans, sending its shares up 13 percent before the bell.

  • Shanda Interactive Entertainment Ltd and an affiliate of investment firm Primavera Capital, which together own 76.2 percent of Shanda, offered $6.90 per American depositary share, a premium of 22 percent to the stock's Friday close.

  • *Project off UK coast to ramp up more slowly than expected. By Sarah Young and Chris Vellacott. LONDON, Jan 27- Oil and gas firm BG Group warned that turmoil in Egypt would hit its output this year and next, weighing on future earnings and sending its shares plunging 15 percent.

  • *Caterpillar profit stronger than expected, shares rally. *Apple Inc earnings due after markets close. NEW YORK, Jan 27- Wall Street was set for a modest rebound on Monday after its worst week since June 2012, with investors focused on corporate earnings from big names like Caterpillar and Apple.

  • NEW YORK, Jan 27- The pace of growth in the U.S. private sector slowed marginally in January, weighed by declines in its new orders and employment components, while the key services sector reading hit a four-month high, an industry report showed on Monday.

  • *Russia should divert some gas from Europe to Asia. DAVOS, Switzerland, Jan 27- Russia could match the world's top liquefied natural gas producer Qatar within 10 years as state and private projects accelerate, which could also help divert some gas away from Europe, the head of a leading Russian gas company said.

  • TOKYO, Jan 27- Moody's Investors Service cut Sony Corp's debt rating to junk status on Monday, highlighting challenges in its television and PC businesses and pressure on profitability at its entire core consumer electronics operation.