GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *European Commission cuts forecast for euro zone growth. NEW YORK, Nov 4- U.S. Benchmark U.S. yields also retreated from 3-1/ 2- week highs set on Monday as crude prices fell to four-year lows in London on news top oil exporter Saudi Arabia cut its sales prices to the United States.

  • LAGOS, Nov 4- Nigeria's main share index hit a 13- month low and government bonds fell on Tuesday as foreign investors pulled out of Nigerian assets, prompting the central bank to sell dollars to support the ailing naira. Nigeria's currency has come under pressure in the past two months from falling global oil prices, dampening appetite for assets in Africa's...

  • NEW YORK, Nov 4- Argentina has filed papers to appeal a U.S. judge's order finding the country in contempt for taking steps to evade his orders in a long-running dispute with hedge funds suing over defaulted debt. Argentina late on Monday filed a notice of an appeal of a contempt finding by U.S. Argentina defaulted in July after refusing to honor court orders to pay...

  • DETROIT, Nov 4- Ford Motor Co said on Tuesday it was calling back 202,241 vehicles in five North American recalls covering several issues, including an incorrect repair in a previous recall. The No. 2 U.S. automaker said it was aware of one accident in the case of the improperly repaired vehicles, but no injuries related to any of the issues. The company is recalling...

  • LONDON, Nov 4- Tightness has returned to the London Metal Exchange aluminium spreads. The focus point this time around is the December-January spread, which flared into $25 per tonne backwardation late last week. The previous incident in August passed quickly enough and with that December-January spread easing again to $5 backwardation this morning, it's...

  • *National bankers fault secretiveness, communication style. *Some members plan to raise concerns at governors' dinner. FRANKFURT/ PARIS, Nov 4- National central bankers in the euro area plan to challenge European Central Bank chief Mario Draghi on Wednesday over what they see as his secretive management style and erratic communication and will urge him to act...

  • *Alibaba rises after results, Priceline falls. NEW YORK, Nov 4- U.S. stocks fell on Tuesday, with energy shares leading the market lower as crude oil prices declined for a fourth straight day, though major indexes remained near record levels. U.S. crude fell 2 percent to $77.24 per barrel, dropping to its lowest level in about three years after Saudi Arabia cut sales...

  • LONDON, Nov 4- UBS lost a multi-million dollar court battle on Tuesday against Germany's Leipzig water authority KWL over complex derivatives, although the judge said neither side had emerged from the saga with credit. UBS and two other banks claimed that KWL owed them roughly 350 million euros after complex derivatives contracts went sour in the wake of the...

  • Nov 4- Motorola Solutions Inc reported a better-than-expected quarterly profit as it slashed costs, and the maker of walkie-talkies and radio systems raised its share buyback authorization by $5 billion. Motorola Solutions has about $600 million remaining from its earlier $7 billion buyback program, and the new authorization takes the total to $12 billion...

  • WASHINGTON, Nov 4- New orders for U.S. factory goods fell for second straight month in September, a temporary setback for the manufacturing sector. The Commerce Department said on Tuesday orders dropped 0.6 percent. September's fall was in line with Wall Street's expectations.

  • Nov 4- The U.S. government is suing Southwest Airlines Co to recover a fine levied on the carrier following an earlier investigation that showed the company did not comply with regulations related to repairs on Boeing 737 jetliners. The FAA investigated 44 Southwest- operated Boeing 737 aircraft serviced by Aviation Technical Services Inc, an aircraft repair...

  • Nov 4- Amgen Inc said its experimental ovarian cancer drug did not show statistically significant improvement in overall survival rate in a late-stage trial. Jefferies analysts in a note published on Oct. 20 said oncologists expect the drug to have little or no benefits in terms of overall survival. "Thus, FDA approval is unlikely in our view," they wrote.

  • Nov 4- Online travel agency Priceline Group Inc on Tuesday forecast quarterly earnings below Wall Street's expectations, sending its stock down nearly 7 percent. Priceline expects revenues of nearly $1.82 billion for the quarter, below the analysts' average estimate of almost $1.91 billion. On the company's earnings call on Tuesday morning, Chief Financial...

  • LONDON, Nov 4- Saudi Aramco cut the price of December crude deliveries to U.S. refiners on Monday in order to protect its competitiveness amid an erosion of its U.S. market share by rival exporters such as Canada and Iraq. With the exception of a brief period in 2009 and early 2010, Saudi exports to the United States fell to the lowest level since 1988.

  • LONDON, Nov 4- British engineer Rolls-Royce said it would cut 2,600 jobs over the next 18 months, in a battle to reduce costs almost three weeks after a major profit warning. The world's second-largest maker of aircraft engines also promoted David Smith from finance director of the Aerospace division to become the new group chief financial officer, replacing...

  • LONDON, Nov 4- The over-zealous application of anti-money laundering rules is hampering British banks abroad and cutting off poorer countries from global financial markets, a top Bank of England regulator said on Tuesday. British banks including HSBC, Standard Chartered and RBS have been fined hundreds of millions of dollars by U.S. regulators in recent...

  • CAIRO, Nov 4- Egyptian billionaire Nassef Sawiris said on Tuesday his company, OCI, would make "huge" investments in Egypt following the resolution of a tax dispute between its subsidiary, Orascom Construction Industries, and the tax authority. The company said earlier in the day it had won its appeal in a two-year tax evasion dispute relating to the sale of assets...

  • NEW YORK, Nov 4- IEX Group, which runs an alternative trading system known as a "dark pool," said on Tuesday its plan to allow brokers to post visible orders on its platform at the end of January would not affect the brokers' ability to place hidden orders. IEX, which was featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," has said it aims to become a registered...

  • Nov 4- U.S. cosmetics company Estee Lauder Cos Inc cut its full-year profit and sales growth forecast, hurt by weak demand in its key markets, sending its shares down 4 percent in premarket trading. It was also monitoring the effects of certain global uncertainties on its business, including increased sanctions against Russia, Estee Lauder said.

  • ROME, Nov 4- Shareholders in GTECH on Tuesday approved the Italian lottery group's takeover of U.S. slot-machine maker International Game Technology, a tie-up aimed at creating a global gaming company to be listed on Wall Street. The new entity will have more than $6 billion in pro-forma revenues, GTECH said in July when it announced the $4.7 billion acquisition...