Latest Business News Wires - Business Headlines


  • BOSTON, Feb 26- Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have the rest locked up by the end of the third quarter.

  • Secretary of State John Kerry didn't elaborate on the plan, which comes as Washington increases its support for Georgia and Moldova, which are seeking more integration with Western Europe and rejecting pressure from former master Russia.

  • Feb 26- Barnes& Noble Inc reported a profit for the holiday quarter after it scaled back its money-losing Nook digital business and its core bookselling business stabilized.

  • *Gold on track for biggest one-day loss in nearly a month. By Frank Tang and Clara Denina. NEW YORK/ LONDON, Feb 26- Gold fell 1 percent on Wednesday, retreating from a four-month high, as a dollar rally and surging U.S. new home sales dented bullion's safe-haven appeal.

  • MADRID, Feb 26- Spanish oil major Repsol said on Wednesday it was on the lookout for acquisitions to boost its exploration and production business following the bruising loss of its Argentine energy arm two years ago.

  • *Germany and Britain blocked reform, says MEP. Schemes used by Starbucks, Apple, Amazon and other corporations operating within the law to minimise their tax burden prompted heated public debate last year and a pledge by British Prime Minister David Cameron and others to tackle the issue.

  • WASHINGTON, Feb 26- The U.S. House of Representatives' top Republican tax writer will release a plan on Wednesday to overhaul the tax code, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.

  • Global smartphone growth to fall sharply in 2014 - IDC Wednesday, 26 Feb 2014 | 12:08 PM ET

    SAN FRANCISCO, Feb 26- Growth in global smartphone shipments will fall sharply this year and keep slowing through 2018, with average prices dropping significantly as demand shifts to China and other developing countries, according to market research firm IDC.

  • Ukraine tension sends German yields to near 3-week lows Wednesday, 26 Feb 2014 | 12:08 PM ET

    *Russian troops on alert in drill near Ukraine border. LONDON, Feb 26- German government bond yields fell to their lowest in nearly three weeks on Wednesday as mounting geopolitical tensions over Ukraine spurred flows into low-risk debt.

  • *Ruble hits five-year low on Ukraine fallout. NEW YORK, Feb 26- World stocks markets were flat on Wednesday as worries about some emerging markets grew as the Russian ruble hit a five-year low as tensions escalated in Ukraine, while equities on Wall Street rose.

  • Feb 26- Cablevision Systems Corp lost fewer video subscribers than expected in the fourth quarter and said the company expects growth in cash flow in 2014, which sent shares of the cable operator higher on Wednesday.

  • SAO PAULO/ LONDON, Feb 26- Ukraine's hryvnia currency tumbled on Wednesday to a record low, as investors were unsettled by the country's murky political and economic outlook, while Brazil's real retreated after a five-day rally.

  • Delta: No more miles! Wednesday, 26 Feb 2014 | 11:50 AM ET
    Ground crew personnel service Delta planes at the Salt Lake City international Airport on November 27, 2013 in Salt Lake City, Utah.

    Delta said it will become the latest carrier to change its frequent-flier program to a system based on ticket price rather than miles.

  • *Extra shipments head to Syria, South Korea. LONDON, Feb 26- Iran's oil exports have risen further in February for a fourth consecutive month, according to sources who track tanker movements, adding to signs that the easing of sanctions pressure on Tehran is helping its oil exports to recover.

  • *Vodafone buying broadband assets to shore up Europe. *AT&T interest in Vodafone could cool if Colao spends. BARCELONA, Feb 26- Shareholders in Vodafone say they support Chief Executive Vittorio Colao's plan to rebuild the company with pricey European broadband assets, even though it could complicate a lucrative mooted bid from AT&T.

  • Investors wary of commodity gains despite new money Wednesday, 26 Feb 2014 | 11:28 AM ET

    LONDON, Feb 26- A new burst of investment in commodities after a hellish 2013 is expected to fizzle out in coming months, with investors alert to the fickle nature of rallies across basic resources such as gold and agriculture.

  • FOREX-Dollar gains on tensions in Russia, Ukraine Wednesday, 26 Feb 2014 | 11:27 AM ET

    NEW YORK, Feb 26- The dollar rose to its highest in two weeks against a basket of major currencies on Wednesday, as investors sought the greenback's safety on continued geopolitical tensions in Russia and Ukraine.

  • CHICAGO, Feb 26- As an Amazon Prime customer since December 2012, Michelle Huffman of Milwaukee has gladly paid the annual $79 fee for the perk of free two-day shipping on items ranging from tea and cookbooks to DVDs and Nestle Smarties.

  • *China end-use demand slow to recover after holiday- CRU. LONDON/ SYDNEY, Feb 26- Copper prices slipped to a three-week low on Wednesday as worries about credit curbs on top consumer China's property developers fed into wider concerns about global demand for the metal.

  • *Fourth-quarter adj profit $0.27/ share vs est $0.41. Feb 26- Chesapeake Energy Corp reported quarterly results that missed Wall Street estimates by a wide margin because of weak production, sending its shares sharply lower on Wednesday. Chesapeake's stock fell as much as 8 percent on the New York Stock Exchange on Wednesday morning.