Latest Business News Wires - Business Headlines


  • OTTAWA, June 27- Canada's top court ruled on Friday that Wal-Mart Stores Inc violated Quebec's labor code by closing a store in the largely French-speaking province after an attempt by workers to unionize it.

  • U.S. consumer sentiment rises in final June reading Friday, 27 Jun 2014 | 10:00 AM ET

    NEW YORK, June 27- U.S. consumer sentiment rose in June as consumers remained optimistic the sluggish first quarter was due to difficult winter conditions, a survey released on Friday showed. The Thomson Reuters/ University of Michigan's final June reading on the overall index on consumer sentiment came in at 82.5, up from 81.9 the month before.

  • Most of Mexico's exports are manufactured goods and nearly 80 percent of them are sent to the United States. Mexico's manufacturing sector was hurt by the impact of bad winter weather in the United States in early 2014..

  • FRANKFURT, June 27- The European Central Bank will supervise and run health checks on the Austrian arms of Russia's two largest banks, giving officials in Frankfurt unprecedented control over their activities in Europe.

  • *Russia wants to end reliance on Kazakh launch pad. MOSCOW, June 27- Russia was forced to abandon Friday's debut launch of its first new space rocket since the Soviet era when the Angara booster cut out during a final countdown watched by President Vladimir Putin via video link from the Kremlin.

  • June 27- Casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City.

  • NEW YORK, June 27- U.S. stocks edged lower at the open on Friday, with materials weighing the most after DuPont lowered its quarterly and yearly outlooks.

  • FRANKFURT, June 27- Daimler AG and Renault Nissan will invest 1 billion euros to develop small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the premium Mercedes-Benz and Infiniti brands.

  • BERLIN, June 27- German annual inflation rose in June, potentially pushing up the overall euro zone rate and relieving pressure on the European Central Bank to act again to avert the threat of deflation.

  • Barclays enlists outside help in dark pools probe Friday, 27 Jun 2014 | 9:24 AM ET

    LONDON, June 27- Barclays Plc said it is bringing in outside help to speed up an investigation into alleged misconduct in its "dark pool" operations, which have rekindled concerns that the cost of past problems at its investment bank will rise.

  • Dollar General CEO Rick Dreiling plans to retire Friday, 27 Jun 2014 | 9:20 AM ET

    June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire effective May 30, 2015 or upon the appointment of a successor. Dreiling, 60, has served as the discount retailer's CEO since January 2008.

  • LONDON, June 27- Copper slipped after hitting its highest in 3-1/ 2 months on Friday, spurred by hopes that an improved outlook for the world's No. 2 economy may strengthen demand just as supply side dynamics are tightening.

  • *Nike up in premarket after results; DuPont cuts outlook. NEW YORK, June 27- U.S. stock index futures pointed to a lower open on Wall Street Friday, with major indexes largely on track to close out a week of modest losses as investors grew cautious over the state of economic growth.

  • PARIS, June 27- BNP Paribas plans to slash its dividend and sell billions of euros of bonds to investors next week as it nears a settlement with U.S. authorities over sanctions violations, the Wall Street Journal reported on Friday.

  • LONDON, June 27- Gold edged lower on Friday yet was on course for a fourth straight week of gains as a lower dollar following weak U.S. data limited the downside. Spot gold was down 0.2 percent at $1,315.54 an ounce by 1205 GMT. "Gold's race higher started after the Fed's comments last week, which have weighed on the dollar," Natixis analyst Bernard Dahdah said.

  • Kerry arrives in Saudi for Iraq and Syria talks Friday, 27 Jun 2014 | 8:17 AM ET

    Secretary of State John Kerry arrived in Jeddah on Friday to discuss the crises in Iraq and Syria with Saudi Arabia's King Abdullah and meet Syrian opposition leader Ahmad Jarba, who has close ties to the kingdom.

  • June 27- Retrophin Inc said a patient dosed with its experimental neurological disorder drug was temporarily taken off the treatment after an elevation in liver enzyme levels, sending its shares down at 8.5 percent premarket. The patient received the first dose of the drug, RE-024, on May 21. Retrophin's shares were trading at $10.81 before the bell.

  • BERLIN, June 27- German annual inflation increased to 1.0 percent in June, according to preliminary data from the Federal Statistics Office on Friday which should support the overall euro zone rate and take some pressure off the European Central Bank to act again.

  • KHABAROVSK/ MOSCOW, Russia, June 27- Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over Russia's involvement in the Ukraine crisis.

  • PARIS, June 27- France's biggest listed bank BNP Paribas plans to slash its dividend and sell billions of euros in bonds to investors next week, as it nears a settlement with U.S. authorities over violations of sanctions, the Wall Street Journal reported on Friday.