Latest Business News Wires - Business Headlines


  • Microsoft sues Samsung in royalty dispute Friday, 1 Aug 2014 | 5:13 PM ET

    LOS ANGELES— Microsoft said Friday it is suing Samsung for threatening to stop paying Microsoft royalties for patents behind the Android operating system. Analyst Rick Sherlund of Nomura Securities has estimated royalties on its Android patents bring Microsoft nearly $2 billion a year.

  • BRASILIA, Aug 1- Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership.

  • NEW YORK, Aug 1- Wall Street's worst week in two years was enough to get investors worried about whether a long-overdue correction is coming, but analysts are still leaning bullish. "The summer has been just tough because there has been very little to buy," said Kathleen Gaffney, portfolio manager of the Eaton Vance Bond Fund.

  • Frank Perkins Hixon Jr., a former senior manager at the bank, was also ordered to pay $810,000 in fines and forfeitures to the government and $1.2 million in restitution to Evercore by U.S.

  • How the Dow Jones average fared Friday Friday, 1 Aug 2014 | 5:07 PM ET

    U.S. stocks declined for a second day Friday, with the S&P 500 closing out its worst week in two years. Investors found little reason to move money into a stock market, with growing geopolitical concerns in Israel and Ukraine and concerns about U.S. corporate earnings, particularly in the energy sector.

  • Moody's upgrades Greece's credit rating Friday, 1 Aug 2014 | 5:05 PM ET
    Stock Exchange displays show stock price movements in Athens, Greece

    Moody's ratings agency has upgraded Greece's government bond rating, predicting a gradual decline of the national debt.

  • House OKs bill to address border crisis Friday, 1 Aug 2014 | 5:01 PM ET

    WASHINGTON— House Republicans passed legislation late Friday to address the crisis on the U.S.- Mexico border by sending migrant youths back home without hearings, winning over conservatives with a companion bill that could lead to deporting more than half a million immigrants whom the Obama administration granted temporary work permits.

  • Oregon releases 2015 health insurance plan rates Friday, 1 Aug 2014 | 4:58 PM ET

    PORTLAND, Ore.— Oregon will see a much tighter range of premium prices in 2015 for individual and small employer health insurance plans, according to new rates announced Friday by state regulators.

  • Rare summer relief for gasoline prices Friday, 1 Aug 2014 | 4:41 PM ET

    Prices may continue to slide in early August and post larger drops after Labor Day— as long as there are no hurricanes that halt production in the Gulf Coast or violence in the Middle East that disrupts crude supplies.

  • NEW YORK, Aug 1- U.S. stocks ended lower for a second day and the S&P 500 posted its biggest weekly decline since 2012 on Friday as concerns over Argentina's default continued to dog sentiment. But concern remained over Argentina's debt problems after the country's default earlier this week.

  • WASHINGTON, Aug 1- A U.S. lawmaker has launched an inquiry into the amount of money the Commodity Futures Trading Commission spends on office leases, expressing concern that the derivatives regulator is wasting taxpayer money on underutilized space.

  • LinkedIn and Tesla are big market movers Friday, 1 Aug 2014 | 4:36 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Bally Technologies Inc., up $17.53 to $77.70. Procter& Gamble Co., up $2.33 to $79.65.

  • NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. U.S. stock trading was dogged by worries about Argentina's debt problems.

  • Govt meets goal for small business contracts Friday, 1 Aug 2014 | 4:30 PM ET

    Small Business Administration head Maria Contreras-Sweet made the announcement Friday. Those five were the Departments of Defense, Energy, Homeland Security and Justice and the National Science Foundation.

  • NEW YORK, July 15- After helping a girlfriend through the messy, tangled finances left in the wake of a parent's death, John Kerecz had a message for his own mom and dad: Get your paperwork in order.

  • Top selling vehicles in the US in July Friday, 1 Aug 2014 | 4:27 PM ET

    Here are the top selling vehicles, the number sold and the percent sales rose or fell compared with July 2013.

  • US stock market closes out its worst week in two years, interrupting a prolonged rally Solid hiring stretches into 6th month as employers add 209,000 jobs; rate rises to 6.2 pct. Obama says economy is getting stronger, but says Congress could do accelerate recovery Tennessee Valley Authority to pay $27.8 million to victims of 2008 Kingston coal ash spill Obama administration asks full appeals court to hear Obamacare case on subsidies Big discounts help US auto sales sizzle, with best July sales since 2006 Procter& Gamble to focus on top performers, shed up to 100 brands Survey: US factories expand 14th straight month; manufacturing index highest since April 2011 US consumer spending rose 0.4 percent in June, matching a rise in personal income FDA approves diabetes treatment Jardiance from Eli Lilly, Boehringer Ingelheim

  • US stocks have their worst week in two years Friday, 1 Aug 2014 | 4:21 PM ET

    NEW YORK— The U.S. stock market is closing out its worst week in two years. Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks. The Standard& Poor's 500 index fell five points, or 0.3 percent, to 1,925. The S&P 500 lost 2.7 percent this week, the biggest loss since June 2012.

  • NEW YORK, Aug 1- Brent and U.S. crude futures tumbled on Friday to the lowest settlement prices in months, as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. "Since June 23, the market's been going down," said Andy Lebow, vice president at Jefferies Bache in New York.

  • NEW YORK, Aug 1- U.S. stocks ended lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for some time was offset by lingering concern over Argentina's default.