Latest Business News Wires - Business Headlines


  • BEIJING, Sept 11- China's annual consumer inflation slowed more than expected to 2 percent in August, data showed on Thursday, further evidence that the economy is cooling but giving more room to policymakers for further stimulus measures if needed.

  • Obama told Americans in a speech late on Wednesday that he had authorized U.S. air strikes for the first time in Syria and more attacks in Iraq in a broad escalation of a campaign against the Islamic State militant group.

  • FACTBOX-Hong Kong's electoral process Wednesday, 10 Sep 2014 | 9:18 PM ET

    Sept 11- China's rubber-stamp parliament on Aug. 31 endorsed the framework for Hong Kong's first direct leadership election, due in 2017. It says a 1,200 person nominating panel will vet candidates, who must be "patriots".

  • WASHINGTON, Sept 10- The U.S. government is continuing to advocate for the Patriot missile defense system offered by Raytheon Co and Lockheed Martin Corp in a Turkish tender after Turkey cited disagreements with the Chinese firm that initially won the bid, a senior U.S. official said on Wednesday.

  • BRASILIA, Sept 10- Brazilian President Dilma Rousseff has recovered support and would run a tight race with opposition candidate Marina Silva if October's election leads to a runoff vote, polls published on Wednesday showed.

  • TOKYO, Sept 11- Japan's prime minister will meet the head of the central bank on Thursday to exchange of views on the economy, sources with knowledge of the meeting said, amid lingering worries over a prolonged drop in consumption after an April sales tax hike.

  • Long-awaited diet pill gets U.S. approval Wednesday, 10 Sep 2014 | 9:00 PM ET

    Sept 10- A new diet pill Contrave got approval to be sold in the United States on Wednesday, only the third obesity treatment in more than a decade to win approval from the Food and Drug Administration.

  • SINGAPORE Sept 11- U.S. crude futures held near a 16- month low below $92 a barrel on Thursday, after falling sharply in the previous session on lower OPEC demand forecasts and a jump in U.S. refined product stocks. *U.S. crude for October delivery edged up 11 cents to $91.78 as of 0036 GMT after falling $1.08 to settle at $91.67 a barrel in the previous session.

  • SYDNEY, Sept 11- Copper was perched above one-month lows on Thursday but looked vulnerable to fresh losses as cracks appeared in global economic growth, while expectations supply will rise towards the year-end also kept a lid on prices. *Copper prices on Tuesday slipped to a four-week low at $6,821.75 a tonne, its weakest since Aug. 14.

  • SINGAPORE, Sept 11- Gold was trading near its lowest level in three months on Thursday, hit by fears of an early hike in U.S interest rates, a stronger dollar and an apparent easing of tensions over the Ukraine. *Spot gold was little changed at $1,248.95 an ounce by 0030 GMT, after dropping 0.6 percent on Wednesday, when it hit a three-month low of $1,243.56.

  • Obama will deliver a speech late on Wednesday in which he will vow to attack Islamic State militants "wherever they exist," lay out a strategy for expanding U.S. air strikes in Iraq and, for the first time, strike targets in Syria.

  • UPDATE 1-RadioShack restructuring begins to takes shape Wednesday, 10 Sep 2014 | 8:26 PM ET

    Sept 10- Troubled electronics retailer RadioShack Corp, whose shares swung wildly on Wednesday, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people close to the matter told Reuters.

  • DIARY - Top economic Events to Sept 23 Wednesday, 10 Sep 2014 | 8:01 PM ET

    WELLINGTON- Reserve Bank of New Zealand announces Monetary Policy Statement and Official Cash Rate. Speakers:- Latvia Prime Minister Laimdota Straujuma, OECD Secretary-General Angel Gurria, Norway Defense Minister Eriksen Soreide, Georgia Foreign Minister Maia Panjikidze and Poland Defense Minister Tomasz Siemoniak.

  • Sept 10- American Airlines has won regulatory approval to swap flight attendants' paper manuals for lighter Samsung tablets in a change that will save nearly $1 million a year, the company said on Wednesday.

  • NEW YORK/ LOS ANGELES, Sept 10- Time Warner Inc and CBS Corp signaled on Wednesday that they were increasingly open to one day making HBO and Showtime available directly to consumers over the Internet without a subscription to a cable television service.

  • Syncora had argued it had been short-changed compared to other creditors. If approved, the deal will see Syncora drop its objection to the restructuring and the trial- which is studying the feasibility of Detroit's plan to exit bankruptcy- could get a swift approval from U.S.

  • In search of the missing 'i' in Apple's Watch Wednesday, 10 Sep 2014 | 7:53 PM ET

    SAN FRANCISCO/ NEW YORK, Sept 10- Apple Inc's Tuesday launch was a marketing extravaganza stuffed full of gadgets, corporate hyperbole and celebrities of every stripe. Apple's prefix has anchored the brand names of generations of products, from its phone to the iPad.

  • WASHINGTON, Sept 10- U.S. Navy Secretary Ray Mabus said more women should be serving in the Navy and Marine Corps, and plans to take action to boost their presence in those military branches.

  • ATLANTIC CITY, N.J., Sept 10- MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20- month investigation focusing on the company's ties to Pansy Ho, the richest woman in Hong Kong, who New Jersey gaming regulators considered an unsuitable partner.

  • FOREX-Dollar holds broad gains, NZ dlr stung by RBNZ Wednesday, 10 Sep 2014 | 7:17 PM ET

    SYDNEY, Sept 11- The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said its current level is "unjustified and unsustainable". The kiwi sank as far as $0.8180, bringing into view its 2014 trough of $0.8052 set in February.