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Latest Business News Wires - Business Headlines


  • Container Store nearly doubles in market debut Friday, 1 Nov 2013 | 11:30 AM ET

    Shares of Container Store Group doubled in its market debut on the NYSE, after pricing at $18 a share, valuing the company at about $1.63 billion.

  • German journalists urged to shun Google and Yahoo Friday, 1 Nov 2013 | 3:53 AM ET
    Angela Merkel, German Chancellor and Chairwoman of the German Christian Democrats (CDU).

    The union representing German journalists advised its members on Thursday to stop using Google and Yahoo because of reported snooping by U.S. and British intelligence.

  • Don't Glass and drive: Woman slapped with ticket Thursday, 31 Oct 2013 | 2:58 PM ET
    Google Glass

    A woman testing a prototype Google Glass was ticketed in San Diego for driving wearing the glasses with a built-in computer and miniature display.

  • US took nearly $10 bln bath on GM rescue: Study Tuesday, 29 Oct 2013 | 2:51 PM ET
    GM's On Star remote control

    The U.S. government has booked a loss of $9.7 billion on the nearly $50 billion bailout of U.S. automaker General Motors, according to a Congressional report.

  • To avoid Facebook chaos, NYSE runs Twitter IPO test Sunday, 27 Oct 2013 | 8:41 AM ET

    The New York Stock Exchange on Saturday did a test run of Twitter's highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook's initial public offering.

  • China leader promises 'unprecedented' reforms Saturday, 26 Oct 2013 | 7:57 AM ET
    A policeman patrols under a giant communist emblem on the Tiananmen Square on June 28, 2011 in Beijing, China.

    A top Chinese leader has promised "unprecedented" economic and societal reforms at the Communist Party's plenum meeting next month, state media reported on Saturday.

  • SAC to shutter London office in downsizing move Tuesday, 22 Oct 2013 | 2:45 PM ET
    Steven A. Cohen

    SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.

  • Taste for tablets offsets starved PC market: Study Monday, 21 Oct 2013 | 9:28 AM ET
    Apple iPad products.

    Strong demand for tablets such as Apple's iPad will help worldwide shipments of web-enabled devices rise in 2013, research company Gartner said on Monday.

  • EDF, Britain in $26 billion deal for nuclear plant Monday, 21 Oct 2013 | 2:35 AM ET
    Hinkley Point Nuclear Power Station

    French utility EDF and the British government have signed an agreement to build two nuclear reactors for a total cost of 16 billion pounds, EDF said in a statement on Monday.

  • Say cheese: EU strikes trade deal with Canada Saturday, 19 Oct 2013 | 4:44 AM ET
    Canadian Prime Minister Stephen Harper (L) and  European Commission President Jose Manuel Barroso (R)

    After settling lingering issues over beef and cheese quotas, the EU and Canada inked a trade deal integrating two of the world's biggest economies.

  • Think debt fight was close? Wait until next year Friday, 18 Oct 2013 | 2:18 PM ET
    The U.S. Capitol

    The Obama administration was able to scrape up against the government's debt ceiling for five months before it came to the brink of default. It could have less breathing room in 2014.

  • Transaction declined: BofA weighs overdraft curbs Friday, 18 Oct 2013 | 9:29 AM ET

    Bank of America is considering a plan to introduce a checking account that curbs overdraft practices, according to a WSJ report.

  • HSBC hit with record $2.46 billion judgment Friday, 18 Oct 2013 | 3:02 AM ET

    A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.

  • Nestle sales growth misses poll on weak Europe and Asia Thursday, 17 Oct 2013 | 2:00 AM ET

    Nestle said still-weak emerging market demand and falling prices for its products in Europe slowed underlying sales growth to 4.4 percent in the first nine months of the year.

  • Advance buys General Parts in $2 billion marriage Wednesday, 16 Oct 2013 | 8:53 AM ET

    Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts.

  • Shale surge leads US to out-Saudi Mideast: Study Tuesday, 15 Oct 2013 | 2:42 PM ET

    The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history.

  • Veterans groups take shutdown protest to White House Sunday, 13 Oct 2013 | 4:03 PM ET
    Protesters wave US flags during a demonstration at the World War II memorial on October 13, 2013 in Washington, DC.

    Groups protested the government shutdown, taking down barricades around the World War Two memorial before marching to the gates of the White House.

  • Fox shareholders urged to vote against Murdoch Wednesday, 9 Oct 2013 | 2:05 AM ET
    News Corp. CEO Rupert Murdoch.

    Proxy advisory group ISS has urged Twenty-First Century Fox Inc shareholders to vote against the reelection of Chairman Rupert Murdoch and some other board members at an annual shareholders meeting this month, criticizing the company's adoption of a poison pill.

  • Space thriller 'Gravity' earns $55.6 million Sunday, 6 Oct 2013 | 2:17 PM ET

    'Gravity,' a new 3D thriller about two stranded astronauts floating through space, soared to the top of weekend movie charts.

  • Five years after Lehman, world is hoarding cash Sunday, 6 Oct 2013 | 9:37 AM ET

    Five years after Lehman Brothers collapsed, families in major countries around the world are still too spooked to take chances with their money.