Latest Business News Wires - Business Headlines


  • NEW YORK, Oct 21- If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video game addiction into a life lesson about money. Minecraft, a video game phenomenon with over 100 million users, is such a hot property that Microsoft Corp recently forked out $2.5 billion for its maker, Mojang AB.

  • IAPA: press freedom deteriorating in the Americas Tuesday, 21 Oct 2014 | 1:40 PM ET

    SANTIAGO, Chile— The Inter American Press Association says freedom of the press has sharply deteriorated in the Americas over the last six months. The group delivered its conclusion on Tuesday at the end of its 70th General Assembly. Journalists also suffered physical violence in almost every country in the region, including in Bolivia, Brazil and Peru during...

  • WASHINGTON, Oct 21- Americans took the least amount of vacation time in almost four decades last year, forfeiting billions of dollars in compensation without scoring points with their bosses, according to an industry group analysis released on Tuesday. The report for the U.S. Travel Association said the average American with paid time off used 16 of 20.9...

  • CAIRO, Oct 21- Egypt is seeking billions of dollars in investment to upgrade its telecommunications infrastructure as part of efforts to attract multinationals and restore growth after three years of political upheaval, the telecoms minister said. Atef Helmy said Egypt needs investment of $5- $6 billion to build broadband internet across the nation and some...

  • *Apple rallies, lifting S&P 500 and Nasdaq. NEW YORK, Oct 21- U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's. Apple Inc rose 2.4 percent to $102.18 a day after revenue topped expectations, helped by strong iPhone sales.

  • GAVIÃO PEIXOTO, Brazil, Oct 21- Embraer's new military cargo jet could be adapted to serve niche civilian markets including the oil and mining industries, executives with the Brazilian plane maker said after unveiling the aircraft on Tuesday. Paulo Gastao, director of Embraer's KC-390 program, said ordinary civilian cargo operators tend to operate cheaper...

  • Oct 21- Online search and advertising company Yahoo Inc is in talks to buy digital video advertising service provider BrightRoll for around $700 million, tech blog TechCrunch reported. Term sheets have been signed and the price, if the deal is completed, looks likely to be in the region of $700 million- $725 million, the blog reported, without citing sources.

  • Spotify's Top 10 most viral tracks Tuesday, 21 Oct 2014 | 1:12 PM ET

    The following list represents the most viral tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from Monday, Oct. 13 to Sunday, Oct. 19 via Facebook, Tumblr, Twitter and Spotify. 1. Foo Fighters, "Something From Nothing". 7. Josef Salvat, "Open Season".

  • Spotify's Top 10 most streamed tracks Tuesday, 21 Oct 2014 | 1:06 PM ET

    1. Taylor Swift, "Shake It Off". 6. Sam Smith, "Stay With Me". 8. Sam Smith, "I'm Not The Only One".

  • Top subprime mortgage firm accused of abuses Tuesday, 21 Oct 2014 | 1:01 PM ET

    The nation's largest servicer of subprime mortgages has engaged in abuses that could potentially harm hundreds of thousands of borrowers, according to the New York Superintendent of Financial Services. The state regulator issued a letter Tuesday to Ocwen Financial Corp., documenting many of the same kinds of abuses that worsened the housing crisis and the...

  • The top 10 books on Apple's iBooks Tuesday, 21 Oct 2014 | 12:58 PM ET

    1. Gone Girl by Gillian Flynn- 9780307588388-. 4. Burn by James Patterson& Michael Ledwidge- 9780316211024-. 8. Killing Patton by Bill O'Reilly& Martin Dugard- 9780805096699-.

  • BRUSSELS, Oct 21- Russia and Ukraine aim to resolve an impasse over natural gas supplies as their energy ministers meet in Brussels for talks brokered by the European Union's energy commissioner. Citing unpaid bills worth more than $5 billion, Russia cut off gas flows to Kiev in mid-June, adding to tensions sparked by Russia's annexation of Ukraine's Crimea...

  • The top iPhone and iPad apps on App Store Tuesday, 21 Oct 2014 | 12:52 PM ET

    3. Plague Inc., Ndemic Creations. 8. Geometry Dash, RobTop Games AB. 10. Buddyman: Kick 2, Crazylion Studios Limited.

  • Finish Line names Sato as president Tuesday, 21 Oct 2014 | 12:49 PM ET

    INDIANAPOLIS— The Finish Line Inc. said Tuesday that it has named executive Samuel Sato as president of the company and elected him to its board. Sato joined Finish Line in 2007 and has served in several roles, most recently as president of the Finish Line brand. Finish Line shares climbed 66 cents to $25.30 by midday, outpacing broader market gains.

  • Oct 21- A lawyer for GT Advanced Technologies Inc, a specialty glass supplier of Apple Inc, told a bankruptcy court on Tuesday the company was close to a settlement with the iPhone maker over access to information. Scant details have emerged since GT Advanced filed for bankruptcy on Oct. 6, wiping out most of its market value and triggering speculation as to what may...

  • New efforts to ban tobacco farm child labor Tuesday, 21 Oct 2014 | 12:45 PM ET

    "I think that many members of Congress have been shocked that children are suffering nicotine poisoning from working in U.S. tobacco fields," said Jo Becker, Human Rights Watch's children's rights advocacy director. Philip Morris International, which limits the type of work children can do on tobacco farms, says it would like to see stronger U.S. regulations in...

  • Business events scheduled for Wednesday Tuesday, 21 Oct 2014 | 12:43 PM ET

    WASHINGTON— Labor Department releases Consumer Price Index for September, 8:30 a.m. Eastern time. Boeing Co. reports quarterly financial results before the market opens. AT&T Inc. reports quarterly financial results after the market closes.

  • 2nd guilty plea in California tainted beef case Tuesday, 21 Oct 2014 | 12:41 PM ET

    SAN FRANCISCO— A second defendant has pleaded guilty in a case alleging that a Northern California slaughterhouse at the center of a massive recall processed and distributed tainted beef. Eugene Corda, an employee of Petaluma- based Rancho Feeding Corp., entered the plea to one count of aiding and abetting in the distribution of adulterated, misbranded and...

  • Blackstone creates new renewable energy firm Tuesday, 21 Oct 2014 | 12:38 PM ET

    The Blackstone Group will partner on a new push to develop utility scale wind and solar power projects in North America. Blackstone is teaming up with Matthew Roseblum, the founder and CEO at Solops, to create Onyx Renewable Partners. Shares of Blackstone Group LP rose 3 percent to $30.32 by midday, ahead of broader market gains.