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Latest Business News Wires - Business Headlines

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  • WASHINGTON, Nov 26- The Obama administration on Wednesday proposed stricter curbs on ground-level ozone, a pollutant linked to several serious health conditions, in a move industry groups said would place a heavy burden on the U.S. economy. The Environmental Protection Agency said it would set National Ambient Air Quality Standard between 65 and 70 parts per...

  • LONDON, Nov 26- Copper fell to a three-week low on Wednesday, under pressure from a weak demand outlook from top consumer China where economic growth has been slowing and after soft U.S. data. Three-month copper on the London Metal Exchange fell to its lowest since Nov. 5 at $6,558 a tonne in intraday trade, before paring losses to trade 0.6 percent weaker at $6,566 by...

  • NEW YORK, Nov 26- Benchmark U.S. Treasury Trading at Barclays in New York. The Commerce Department said consumer spending increased 0.2 percent last month, while economists polled by Reuters had forecast a 0.3 percent gain, and also said non-defense capital goods orders excluding aircraft declined 1.3 percent last month.

  • COLUMN-OPEC's other problem: weak demand - John Kemp Wednesday, 26 Nov 2014 | 10:45 AM ET

    LONDON, Nov 26- By now, everyone is aware of the serious threat rising shale output from the United States poses to OPEC. Net growth of 4.8 million b/d over nine years is slower than OPEC and other forecasters expected a few years ago. OPEC has confronted this problem before in the early 1980 s, when consuming countries took unprecedented steps to reduce demand in...

  • Nov 26- Fairchild Semiconductor International Inc persuaded a federal judge to throw out a jury verdict ordering it to pay $105 million to Power Integrations Inc for willfully infringing two power generation patents, and will get a new trial on damages. But she said Power Integrations' damages expert testified at trial that he had not assessed what portion of...

  • *Google says privacy ruling only applies to European sites. BRUSSELS, Nov 26- European privacy regulators want Internet search engines such as Google and Microsoft's Bing to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court. Google previously said that it believed search results should be removed...

  • MOSCOW, Nov 26- Sberbank, Russia's top bank, does not plan "very generous" dividends on its 2014 results, its Chief Financial Officer Alexander Morozov told a conference call on Wednesday. "would not expect very generous dividends. An economic slowdown, losses in Ukraine and a weaker rouble reduced third-quarter net profit by 24 percent year-on-year at Sberbank, as...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. Chrysler's delay in alerting owners of potential defects in Takata air bags "exacerbates the risk to motorists' safety," the NHTSA said in a...

  • Delphi's Korean JV partner complicates unit sale -sources Wednesday, 26 Nov 2014 | 10:35 AM ET

    Delphi's Thermal Systems business has caught the eye of France's Valeo, Germany's Mahle and Japan's Denso and a sale could fetch more than $700 million. Delphi and South Korean companies Erae and Daewoo jointly hold a company called Kdac, which had sales of $1.2 billion in 2013, a quarter of which it generated in its heating, ventilation, and air conditioning...

  • LONDON, Nov 26- Gold steadied below $1,200 an ounce on Wednesday, recouping early losses on the back of a retreat in the dollar after data suggested U.S. economic growth might be slowing in the final quarter of 2014.. Spot gold was at $1,199.40 an ounce at 1528 GMT, little changed from Tuesday, while U.S. gold futures for December delivery were up $1.10 an ounce at...

  • U.S., BRENT CRUDE FUTURES MOVE LOWER AFTER EIA OIL DATA SHOWS CRUDE STOCKS ROSE LAST WEEK.

  • SBERBANK CFO SAYS DOES NOT EXPECT VERY GENEROUS DIVIDENDS FOR THIS YEAR.

  • US STOCKS-Wall St flat near records after tepid data Wednesday, 26 Nov 2014 | 10:15 AM ET

    *Markets will be closed Thursday for Thanksgiving holiday. NEW YORK, Nov 26- U.S. stocks were flat on Wednesday as the market's recent upward bias held ahead of the Thanksgiving holiday, even as a round of economic data came in below expectations. Trading was light, with some market participants already out for Thanksgiving.

  • BOSTON, Nov 26- Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.. One week after Allergan agreed to sell itself to rival Actavis Plc., Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker's biggest...

  • BRUSSELS, Nov 26- European privacy regulators want Internet search engines such as Google and Microsoft's Bing to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court. Google, which dominates Internet searches in Europe, has been scrubbing results only from the European versions of its website such as...

  • U.S. consumer sentiment climbs in November Wednesday, 26 Nov 2014 | 10:00 AM ET

    NEW YORK, Nov 26- U.S. consumer sentiment rose in November to its highest level in more than seven years on improvements in the current economic condition, including lower gas prices and improving job prospects, a survey released on Wednesday showed. The Thomson Reuters/ University of Michigan's final November reading on the overall index on consumer sentiment...

  • U.S. pending home sales post surprise drop in October Wednesday, 26 Nov 2014 | 10:00 AM ET

    WASHINGTON, Nov 26- Contracts to buy previously-owned U.S. homes unexpectedly fell in October, dropping to their lowest level in four months and casting a shadow over the housing market's recovery. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, dropped 1.1 percent to 104.1.

  • WASHINGTON, Nov 26- Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual. The Commerce Department said on Wednesday that sales gained 0.7 percent to a seasonally adjusted annual rate of 458,000 units.

  • WASHINGTON, Nov 26- Mitt Romney, the Republican Party's unsuccessful presidential nominee in 2012, leads the field for the 2016 election among Republican voters, according to a Quinnipiac University poll released on Wednesday. Among possible Republican candidates, Romney's 19 percent put him ahead of former Florida governor Jeb Bush with 11 percent, New...

  • A sensor failure could cause the plane to go off the runway while landing on a short runway or in adverse weather, the FAA said in a proposed airworthiness directive scheduled to be published on Friday. The directive, if adopted, would affect 15 planes registered in the United States, the FAA said. FAA actions are often followed by non-U.S. airlines.