Latest Business News Wires - Business Headlines


  • Soft Power: China's Wanda Eyes US Hotel, Movie Deals Tuesday, 4 Dec 2012 | 12:10 AM ET
    Hollywood, California

    Dalian Wanda Group, the world's biggest owner of movie theaters, is in talks with Hollywood studios to co-produce films and is looking to buy and build hotels in U.S. cities as it eyes a $10 billion "soft power" spending spree.

  • Startup Village wants to help engineers develop 1,000 Internet and mobile companies in the next 10 years. It provides members with office space, guidance and a chance to hobnob with the stars of the tech industry.

  • Australia Central Bank Cuts Rate to Record Low Monday, 3 Dec 2012 | 10:40 PM ET
    Sydney Harbour, Australia

    Australia's central bank on Tuesday cut its main cash rate a quarter point to 3.0 percent to match the record lows from the global financial crisis.

  • Republicans Reject Tax Hike in 'Fiscal Cliff' Offer Monday, 3 Dec 2012 | 10:17 PM ET

    Republicans proposed steep spending cuts on Monday but gave no ground on President Barack Obama's call to raise taxes on the wealthiest in their first formal proposal to avert a "fiscal cliff" that could push the U.S. economy into recession.

  • ADM Ups Pressure on GrainCorp With $2.9 Billion Bid Monday, 3 Dec 2012 | 9:02 PM ET

    U.S. agribusiness giant Archer Daniels Midland tightened its grip on GrainCorp, hiking its bid to $2.9 billion, but may need to offer more to win over Australia's last major independent grains handler.

  • Gold Settles Higher at $1,721 on Data, Dollar Monday, 3 Dec 2012 | 3:41 PM ET

    Gold edged up in quiet trade on a dollar drop and a mixed bag of U.S. and Chinese manufacturing data.

  • Australia's Crackdown on Google Taxes Has Risks Sunday, 2 Dec 2012 | 10:51 PM ET

    Australia faces an uphill battle to capture a greater share of tax revenue from multinationals such as Google and needs to work with its trading partners to avoid scaring away investors with an image as a high tax nation, experts say.

  • Google, Amazon and Starbucks Face Questions on Tax Monday, 12 Nov 2012 | 12:55 AM ET

    LONDON-- Multinational companies are paying little or no tax on their earnings in Britain, angry lawmakers charged Monday at an unusual hearing involving Starbucks, Google and Amazon. Legislators were skeptical, for example, about the coffee chain Starbucks' claim that it is not making profits in Britain.

  • BOSTON, Nov 6- The chief pharmacist at the company linked to the deadly U.S. meningitis outbreak has received a subpoena to appear before a congressional committee after he declined to appear voluntarily.

  • Reuters World News Highlights 2200 GMT Nov 6 Tuesday, 6 Nov 2012 | 10:00 PM ET

    CLEVELAND/ CHICAGO- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • Plexus loses Juniper's business, shares tumble Tuesday, 6 Nov 2012 | 10:00 PM ET

    Nov 6- Contract electronics manufacturer Plexus Corp said it would no longer make switches and network gear for its largest customer, Juniper Networks Inc, sending its shares down more than 20 percent after the bell. For the year ended October 2011, Juniper accounted for 17 percent of Plexus' total sales of $2.23 billion.

  • *Third-quarter EPS 22 cents, beats Wall Street view of 17 cents. Nov 6- AOL Inc reported higher-than-expected revenue and profit on the strongest advertising growth the company has seen in seven years.

  • NEW YORK, Nov 6- Traders and investors were in agreement on one thing as voters cast their ballots in Tuesday's U.S. presidential election: The markets want a clear winner by Wednesday morning.

  • Nov 6- U.S. regulators on Tuesday approved Pfizer Inc's Xeljanz treatment for rheumatoid arthritis, one of the company's most potentially lucrative experimental drugs, which is now poised to compete with Abbott Laboratories Inc's top-selling Humira.

  • NEW YORK, Nov 6- U.S. stocks climbed on Tuesday, the last day of trading before the U.S. election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House. ``The market just wants to wake up tomorrow and know for sure that there's a winner,'' said Linda Duessel, senior equity strategist at Federated Investors.

  • SAO PAULO, Nov 6- BTG Pactual Group, Brazil's sole listed investment bank, posted on Tuesday third-quarter net income of 793 million reais, compared with profit of 231 million reais a year earlier.

  • LOS ANGELES, Nov 6- Rupert Murdoch's News Corp on Tuesday reported quarterly profit that beat analyst expectations thanks to growth at the company's cable television networks. The media giant that owns Fox Broadcasting and The Wall Street Journal said adjusted earnings per share reached 43 cents for the quarter that ended in September.

  • NEW YORK, Nov 6- Hurricane Sandy cut regional gasoline demand less than expected last week, even though the monster storm dealt a direct blow to the New York fuel hub that will persist for weeks, with a major refinery shut and long lines lingering at pumping stations on Tuesday.

  • Nov 6- Hyundai Motor Co and its affiliate Kia Motors Corp stand to lose about $100 million because of their plan to fund fuel purchases of owners who bought vehicles whose fuel economy was exaggerated by the automakers, Moody's Investors Service said.

  • UPDATE 1-Judge may block TCW sale to Carlyle Tuesday, 6 Nov 2012 | 9:29 PM ET

    Nov 6- A federal judge in Los Angeles has issued a tentative ruling that could block a sale of asset manager TCW Group to private equity firm The Carlyle Group LP. The tentative ruling stems from a lawsuit filed in August by EIG Global Energy Partners LLC to block the sale of TCW to Carlyle.