Latest Business News Wires - Business Headlines


  • *Tycoon's firm in JV talks with Mitsubishi arm- sources. SINGAPORE, Sept 11- Asia's richest man, Li Ka- shing, aims to buy his way into the global aircraft leasing business as his flagship investment firm holds talks with lessors on building a portfolio of planes, people with direct knowledge of the matter said.

  • Network gear maker JDS Uniphase to spilt into two Wednesday, 10 Sep 2014 | 4:37 PM ET

    Sept 10- Network gear maker JDS Uniphase said on Wednesday it would split into two separate public companies as it looks to expand in the data communication market and strengthen its network business. The company's shares rose 11.5 percent after the bell.

  • Shares of On Track Innovations Ltd jumped 6.9 percent to $3.55. Net Element Inc more than doubled, up 119 percent to $3.80. But eBay Inc fell 3.1 percent to $51.10 as analysts viewed as a threat to PayPal, its online payment service.

  • NEW YORK, Sept 10- Until a few months ago, the part of New York City where crowds will gather on Thursday morning to mark the 13th anniversary of the Sept. 11 attacks on the United States had been mostly fenced off to the public.

  • SAFT ON WEALTH-Never confuse risk and volatility Wednesday, 10 Sep 2014 | 4:24 PM ET

    Sept 10- Of the many lazy and dangerous ways of thinking about investment these two rank near the top: that risk equates with volatility and that risk and rewards are a straight tradeoff. Both are overly simplistic and both lie at the heart of some of the most colossal errors in recent finance.


  • NEW YORK, Sept 10- Executing an order in the stock market may be lightening fast but many investors do not know how trades happen while rules to ensure full transparency are lacking, a potential bonanza for businesses that can fill this hole in the marketplace.

  • WASHINGTON, Sept 10- The U.S. Export-Import Bank would provide financing for exports of Airbus Group jetliners, provided they are assembled in the United States with sufficient content from U.S. suppliers, the bank's head said on Wednesday. "We're about U.S. jobs," Ex-Im Bank President Fred Hochberg told the Reuters Aerospace and Defense Summit in Washington.

  • NEW YORK, Sept 10- A U.S. judge said on Wednesday he would wait for a decision on a pending appeal before ordering Citigroup Inc to comply with a subpoena seeking details of any threats from Argentina to process payments the court had blocked.

  • NEW YORK, Sept 10- A rebound in Apple shares helped push U.S. stocks higher on Wednesday for the first session in three, while the energy sector lagged as crude prices fell.

  • Sept 10- Auto-parts maker Visteon Corp is exploring a plan to split into two companies focused on electronics and climate controls, Bloomberg reported, citing people familiar with the matter. Visteon, once a part of Ford Motor Co may consider selling or spinning off the electronics business, the report said.

  • Retailers seen unlikely to warm up to Apple Pay Wednesday, 10 Sep 2014 | 3:44 PM ET

    Sept 10- Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. Apple is betting on the popularity of its iPhones and the convenience and security of its payment system to prompt customers and retailers to make the shift.

  • Sept 10- Federal Reserve policymakers are retooling their strategy for raising short-term interest rates, trimming the U.S. central bank's swollen balance sheet and eventually returning monetary policy to a more normal setting. A lot has changed since they first agreed on a set of "exit strategy principles" in June 2011.

  • NEW YORK, Sept 10- 21 Vianet Group Inc's shares were down sharply and among the mostly actively traded stocks on the Nasdaq on Wednesday. Earlier, the stock attracted big bearish bets in the options market after a short-selling research firm issued a report on the China- based data center service provider, accusing the company of questionable business practices.

  • *Cameron visits Scotland to beg Scots to keep the UK. *Party leaders Miliband, Clegg also speak in Scotland. EDINBURGH, Sept 10- British Prime Minister David Cameron on Wednesday begged Scots not to rip apart the United Kingdom's "family of nations", flying to Scotland to man the barricades against a surge in support for independence eight days before a referendum.


  • The largest percentage gainer on the New York Stock Exchange was Daqo New Energy, which was rising 11.54 percent, while the largest percentage decliner was Pulse Electronics, down 19.35 percent. Among the most active stocks on the NYSE were Brazil's Petrobras, down 3.42 percent to $17.22 and Rite Aid, up 1.75 percent to $6.41.

  • LONDON, Sept 10- Fiat Chrysler's outgoing chairman of its sports car division Ferrari will receive a combined severance package of 26.95 million euros, with nearly half to be paid in a lump-sum by next February, the company said on Wednesday.

  • HOUSTON, Sept 10- Alon USA Energy intends to restart its refinery in Bakersfield, California in 2016 after a string of upgrades to enable it to process light inland U.S. crude that will arrive via a new oil-by-rail facility, Chief Executive Paul Eisman told Reuters on Wednesday.

  • NEW YORK, Sept 10- The dollar strengthened to a six-year high against the yen on Wednesday as U.S. "There are so many factors that are supporting the dollar at the moment, mainly its better performance in the U.S., which will likely bring a more hawkish tone from the Fed," said Sireen Harajli, a foreign exchange strategist at Mizuho Corporate Bank in New York.