Latest Business News Wires - Business Headlines


  • WASHINGTON/ DETROIT, Feb 3- A historic, far-reaching vote of blue-collar workers at Volkswagen AG's Tennessee plant on whether they wish to be represented by the United Auto Workers will be held Feb. 12-14, the German automaker and U.S. union said on Monday.

  • U.S. automakers Ford Motor Co and General Motors Co as well as Japan's Toyota Motor Sales USA and American Honda Motor Co saw auto sales plummet in January, missing analysts' estimates for the month.

  • NEW YORK, Feb 3- U.S. stocks slumped on Monday, with the S&P 500 hitting its lowest level since October after weaker-than-expected data on the factory sector in the world's largest economy provided investors with the latest reason to book profits. The CBOE volatility index jumped more than 11 percent to trade above 20 for the first time since early October.

  • U.S. asks jurors to convict SAC's Martoma Monday, 3 Feb 2014 | 2:18 PM ET

    NEW YORK, Feb 3- Mathew Martoma sought out a "canary in the coal mine" to give him inside information on drug companies, a federal prosecutor said on Monday, urging jurors to convict the former SAC Capital Advisors portfolio manager of insider trading.

  • WASHINGTON, Feb 3- U.S. regulators are crafting a rule that would require all new vehicles to be able to "talk" to one another using wireless technology, which the Department of Transportation said would significantly reduce accidents on U.S. roads and alleviate traffic congestion.

  • BOSTON, Feb 3- Billionaire investor William Ackman on Monday charged that Herbalife, a seller of nutrition and weight-loss products, found new distributors through a business that had been convicted in Canada of running an illegal pyramid scheme. Ackman's charges raise fresh questions about Herbalife's recruiting tactics.

  • NEW YORK, Feb 3- Puerto Rico's governor, battling to keep the Caribbean island's bonds from being labeled junk by Wall Street ratings agencies, will roll out a balanced budget plan for fiscal 2015, a year ahead of schedule, a top aide said on Monday.

  • NEW YORK/ LONDON, Feb 3- ICE arabica coffee futures shot to an 8-1/ 2- month high on Monday and were on track for their biggest one-day gain in over a year as a heat wave in Brazil sparked fears of crop damage and lower output in the world's top grower, triggering short-covering.

  • *Ackman raises questions about Herbalife distributors. Feb 3- Herbalife Ltd estimated fourth-quarter profit and sales above market forecasts on Monday, but investor William Ackman quickly struck back with claims about a former top Herbalife distributor, raising new questions about the company's sales practices.


  • NEW YORK, Feb 3- Arabica coffee hit 8-1/ 2 month highs on Monday on worries about unseasonably dry weather in top producer Brazil, and U.S. natural gas prices fell for a third day on forecasts that warmer weather is in store for freezing parts of the country.

  • NEW YORK, Feb 3- Emerging markets were facing headwinds going into 2014, but January's rout surprised even the gloomiest of investors, with big declines in stocks, bonds, and currencies.

  • Feb 3- Volkswagen AG said on Monday that workers at its Chattanooga, Tennessee, plant will vote on Feb. 12-14 to determine whether they should be represented by the United Auto Workers union.

  • SAO PAULO, Feb 3- A drop in natural gas prices caused by a shale gas boom in the United States is hurting Brazilian petrochemical company profits by reducing pricing power and making them less competitive, the head of the construction and industrial conglomerate Grupo Odebrecht SA said on Monday.

  • CHICAGO, Feb 3- CME Group Inc has asked a U.S. judge to toss out charges brought by regulators alleging that the exchange operator is liable for two former employees accused of leaking details on clients' trades.

  • *Global equities markets fall as emerging markets, China data weigh. Oil futures remained broadly pressured by worries over emerging markets, weak factory data from China and expectations for lower demand as U.S. refiners shift into maintenance season. "The heating oil found its way and led the way back up," said Jeff Grossman, president of BRG Brokerage in New York.

  • LONDON, Feb 3- European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies.

  • LONDON, Feb 3- Bank of America Merrill Lynch is raising salaries for some of its senior bankers by about 20 percent, a person familiar with the matter said on Monday, to get around a new European Union cap on pay.

  • NEW YORK, Feb 3- U.S. manufacturing activity slowed sharply in January on the back of the biggest drop in new orders in 33 years while construction spending barely rose in December, pointing to some loss of steam in the economy.

  • NEW YORK, Feb 3- The dollar fell to a two-month low against the safe-haven yen on Monday on persistent jitters over troubles in emerging markets and as surprisingly weak domestic manufacturing data spurred worries about U.S. economic growth.