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Latest Business News Wires - Business Headlines


  • SAN FRANCISCO, Oct 29- A handful of individual super-donors, business groups and unions have poured more than $350 million into California ballot initiatives ahead of the Nov. 6 election, underscoring the extent to which the state's system of ``direct democracy'' has morphed into a big-money battleground.

  • SAN FRANCISCO, Oct 29- Apple Inc Chief Executive Tim Cook on Monday replaced the heads of its software and retail units in the company's most sweeping executive shake-up in a decade following embarrassing problems with its new mapping program and unpopular store-related decisions.

  • SYDNEY, Oct 30- The yen held near four-month lows versus the dollar on Tuesday as markets counted down to a certain policy easing by the Bank of Japan, though investors fear it will again stop short of the bold action the economy needs.

  • Reuters World News Highlights at 2200 GMT Oct 29 Monday, 29 Oct 2012 | 10:00 PM ET

    NEW YORK/ REHOBOTH BEACH- Hurricane Sandy, one of the biggest storms ever to hit the United States, battered the densely populated East Coast on Monday, shutting down transportation, forcing evacuations in flood-prone areas and interrupting the presidential election campaign.

  • *Equity markets execs, regulators agree to close on Tuesday. Oct 29- Hurricane Sandy will close U.S. stock markets for a second straight day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning on the month's final trading day.

  • NEW YORK, Oct 29- New York City evacuated neighbors of a partially built, 90- story apartment building after the top of a construction crane collapsed in high winds, prompting fears the entire rig could crash to the ground.

  • *Seven major New York bridges closing; two tunnels closed. *Rail, container ports closed in New York, New Jersey. New York said it would close seven major bridges at 7 p.m. EDT on Monday, including the George Washington Bridge and the Verrazano-Narrows Bridge.

  • NEW YORK, Oct 29- U.S. retailers preparing for the worst of Hurricane Sandy as it hit the East Coast on Monday looked back to only a year ago to Hurricane Irene for a blueprint. We learned a number of things from that,'' Terry Johnson, Lowe's senior vice president of store operations, told Reuters.

  • WASHINGTON, Oct 29- The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring lawsuits over their retirement plans.

  • SAN FRANCISCO, Oct 29- Apple Inc said on Monday its iPhone software chief and its head of retail would leave, a major executive shake-up that follows embarrassing problems with the company's new mapping software and disappointing quarterly results.

  • FACTBOX-Wall Street staff stay home as Sandy nears Monday, 29 Oct 2012 | 9:44 PM ET

    NEW YORK, Oct 28- Wall Street firms were set to open with limited staffing in New York City on Tuesday as stock markets remained closed due to Hurricane Sandy's approach and many New York- based bank employees worked from home.

  • Oct 29- Hurricane Sandy has already knocked out power to more than 1.5 million homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Monday.

  • LONDON, Oct 29- Britain's Pearson and Germany's Bertelsmann plan to merge their publishers Penguin and Random House, aiming to gain the upper hand in their relationship with Amazon and Apple, the leaders in the ebook revolution.

  • NEW YORK Oct 29- Consolidated Edison Inc, the New York City power provider, warned customers in lower Manhattan it may shut down power on Monday evening as Hurricane Sandy barrels toward the East Coast.

  • Canada, Japan to start trade talks next month Monday, 29 Oct 2012 | 9:29 PM ET

    *Canada already engaged in other major trade talks. OTTAWA, Oct 29- Canada and Japan will launch their first full round of bilateral trade negotiations next month, Trade Minister Ed Fast said on Monday, the latest in a series of bilateral talks Canada has begun with trade partners with multilateral efforts stalled.

  • WASHINGTON, Oct 29- The U.S. Internal Revenue Service has awarded $38 million to a whistleblower for information about a tax dodge involving a large corporation, according to the informant's lawyers. The IRS sent the check last week, Knott said. It is unknown how much money the IRS collected in additional taxes.

  • SAN FRANCISCO, Oct 29- Apple Inc said on Monday its head of iPhone software and its head of retail would leave, the biggest shake-up in the technology company's executive ranks since Tim Cook became chief executive last year.

  • Oct 29- Hurricane Sandy is ``moving quickly'' toward New Jersey and Delaware is expected to make landfall along or just south of the southern New Jersey coast within the next few hours, the U.S. National Hurricane Center said on Monday.

  • Throughout Manhattan and Brooklyn, few store owners had even bothered to board up their buildings. ''said Chris Conway, a 41- year-old who lives in the Chelsea area of Manhattan, not far from the Hudson River. ``Four different kinds of Tabasco and one jar of A-1 steak sauce.''. Further south on Manhattan, though, the mood was more serious.

  • Oct 29- Hurricane Sandy has already knocked out power to more than 1.3 million homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Monday.