Latest Business News Wires - Business Headlines


  • Japan approves new stimulus for ailing economy Thursday, 25 Oct 2012 | 10:51 PM ET

    TOKYO-- Japan's Cabinet approved a 423 billion yen economic stimulus package on Friday, moving to fend off recession as the recovery in the world's third biggest economy falters. Japan's economy has remained in the doldrums for over 20 years and a hoped-for export-led recovery has been stymied by the European crisis and slowing growth in China and elsewhere.

  • UPDATE 4-Microsoft highlights Surface at Windows 8 launch Thursday, 25 Oct 2012 | 10:50 PM ET

    NEW YORK/ SEATTLE, Oct 25- Microsoft Corp put its Surface tablet center stage at its Windows 8 launch event, hoping the sleek new device will spark a fightback against Apple Inc and Google Inc in the exploding mobile computing market.

  • California's GMO labeling proposal in tight race Thursday, 25 Oct 2012 | 10:49 PM ET

    LOS ANGELES/ KANSAS CITY, Oct 25- Heavy advertising spending by Monsanto Co and others opposed to a California ballot proposal to require labels on grocery products containing genetically modified organisms is paying off, according to a new poll that shows the measure has slipped into a virtual tie.

  • FOREX-Yen struggles; data cheers sterling Thursday, 25 Oct 2012 | 10:45 PM ET

    *Rebound in UK growth helps push sterling higher. SYDNEY, Oct 26- The yen languished at four-month lows versus the dollar on Friday, on track for a second week of losses as markets geared up for the Bank of Japan to ease policy next week, while a rebound in UK growth helped shore up sterling. The dollar rose to 80.38 yen, bringing into view the June peak of 80.63.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.

  • *Chile has lowest borrowing cost among emerging nations- FinMin. Oct 25- Chile placed $1.5 billion in dollar-denominated bonds on international markets at historic yields, giving the investor-darling the lowest borrowing cost of any emerging country, Finance Minister Felipe Larrain said on Thursday.

  • *Saudi Arabia, U.S., Iraq and Libya pump more; consumption wanes. *Iran exports may have seen small bounce since July plunge.

  • *Dean Foods' Morningstar draws strategic, PE interest. NEW YORK, Oct 25- Dean Foods Co's Morningstar business has attracted takeover interest from Michael Foods and Mexican dairy company Grupo Lala, people familiar with the matter said, in a deal that could be valued in the $1 billion to $1.5 billion range.

  • UPDATE 3-Amazon reports weak results, shares slip Thursday, 25 Oct 2012 | 10:25 PM ET

    *Amazon spending heavily on warehouses, Kindle technology, cloud business. SAN FRANCISCO, Oct 25- Amazon.com Inc reported weak quarterly results on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe.

  • Carrier America Movil profit up 66.8 percent in 3Q Thursday, 25 Oct 2012 | 10:22 PM ET

    MEXICO CITY-- Mexican telecommunications company America Movil says its profits jumped 66.8 percent in the third quarter from the same period last year, reaching 30.6 billion pesos. America Movil also expanded its cellphone customer base. America Movil SA is Latin America's biggest telecom company.

  • NEW YORK, Oct 25- Bank of America Corp employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more than $1 billion in losses by selling toxic mortgage loans to Fannie Mae and Freddie Mac, a prosecutor said on Thursday. Fannie Mae and Freddie Mac were bailed out and put in government conservatorship in 2008..

  • UPDATE 3-Pulte profit, orders grow but investors cautious Thursday, 25 Oct 2012 | 10:14 PM ET

    *Q3 earnings 30 cts/share vs year-ago loss of 34 cents. Oct 25- PulteGroup Inc, the second-biggest U.S. homebuilder, reported its highest quarterly earnings since the collapse of the housing market, thanks to a surge in new orders and increased sales of new homes at higher prices.

  • Japan Oks new stimulus spending for ailing economy Thursday, 25 Oct 2012 | 10:06 PM ET

    TOKYO-- Japan's Cabinet has approved a 422.6 billion yen economic stimulus package, hoping to fend off recession amid mounting signs of a faltering recovery in the world's third biggest economy.

  • Reuters World News Highlights 2200 GMT Oct 25 Thursday, 25 Oct 2012 | 10:04 PM ET

    BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.

  • TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported better-than-expected quarterly results on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

  • SYDNEY, Oct 26- Macquarie Group, Australia's top investment bank, reported an 18.4 percent rise in first-half net profit on Friday that missed expectations as weak markets hurt, but it reiterated full-year profits would top the year-ago figure.

  • NEW YORK, Oct 25- Most commodity markets posted slight losses on Thursday, led by a 2 percent slide in corn on weak U.S. export sales, though Brent crude oil prices bounced following seven days of losses as gasoline prices surged.

  • UPDATE 3-KLA-Tencor sees lower revenue, uncertainty Thursday, 25 Oct 2012 | 9:51 PM ET

    SAN FRANCISCO, Oct 25- KLA-Tencor Corp posted fiscal first-quarter revenue below expectations and said current-quarter revenue would fall more as chipmakers, worried about the economy, hold off on new orders of manufacturing equipment.

  • Greek debt to badly miss target -euro zone official Thursday, 25 Oct 2012 | 9:50 PM ET

    *Greece will need to enact more reforms to get credit. *Greece is ``off track'', euro zone official says.