Latest Business News Wires - Business Headlines


  • Alabama Power reducing coal use at 3 plants Friday, 1 Aug 2014 | 2:42 PM ET

    BIRMINGHAM, Ala.— Alabama Power Co. said Friday it will reduce or end coal use at three generating plants because of federal environmental rules as it spends $1 billion to meet new air emission rules. At the Greene County plant west of Tuscaloosa, Alabama Power said it would reduce the workforce by about half as the switch is made from coal to gas.

  • WASHINGTON, Aug 1- Few people in Washington believe Republicans will try to impeach President Barack Obama.

  • Japan and Brazil sign mutual cooperation treaties Friday, 1 Aug 2014 | 2:40 PM ET

    BRASILIA, Brazil— Japan's prime minister wrapped up a meeting with Brazil's president Friday by endorsing loans that will help the South American nation develop offshore oil production and expand its soybean and corn crops.

  • Aug 1- Shares of Canada's Tekmira Pharmaceuticals Corp, which hopes to produce the first treatment for the deadly Ebola virus, have skyrocketed as the worst-ever outbreak of the virus intensified in West Africa. "The recent outbreak in West Africa is as profound as any we have seen in recent decades," said Euro Pacific Canada analyst Douglas Loe.

  • SAN FRANCISCO, Aug 1- Facebook Inc said service to the world's largest online social network was fully restored on Friday, following a widespread outage that affected users in multiple countries. "Earlier this morning, some people had trouble accessing Facebook for a short time.

  • Federal Communications Commision said on Friday it wants to prevent joint bids in wireless airwave auctions by nationwide providers, a move that could complicate reported plans for a joint venture by Sprint Corp and T-Mobile US Inc..

  • NEW YORK, Aug 1- Aereo Inc, the video streaming company that suspended service after the U.S. Supreme Court found it violated copyrights of television broadcasters, urged a federal judge to let it operate like a cable system, saying it likely would not otherwise survive.

  • Aug 1- Large volume in out-of-the-money put options expiring at the end of Friday's session was seen in multiple stocks Friday afternoon, including Priceline, Regeneron, Chipotle, according to Thomson Reuters data.

  • PARIS, Aug 1- Airbus's summer sales campaign with the new A330neo airliner has triggered warnings of potential oversupply in the wide-body market and of a bruising price battle as the older-generation model undercuts rival Boeing's 787 Dreamliner.

  • Solid hiring stretches into 6th month as employers add 209,000 jobs; rate rises to 6.2 pct. US markets retreat a day after a huge drop; News of solid hiring helps temper losses 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 in July; Ford up 10 pct., GM up 9 pct. 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 Procter& Gamble to focus on top performers, shed up to 100 brands FDA approves diabetes treatment Jardiance from Eli Lilly, Boehringer Ingelheim Scientific Games strikes $3.3- billion cash deal to buy slot machine maker Bally Technologies


  • TABLE- Top-20 selling vehicles in US in July Friday, 1 Aug 2014 | 2:13 PM ET

    Aug 1- The following are the 20 top-selling vehicles in the United States in July as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in July.


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

  • Billionaire now owns all of Lanai's hotel rooms Friday, 1 Aug 2014 | 1:57 PM ET

    LANAI CITY, Hawaii— Billionaire Larry Ellison has purchased the historic Hotel Lanai for an undisclosed price. The deal that closed July 7 now makes Ellison the owner of every hotel room on the island, the Honolulu Star-Advertiser reported.

  • Japan to lend $200 mln to Brazil's Amaggi soy group Friday, 1 Aug 2014 | 1:53 PM ET

    BRASILIA, Aug 1- Japan agreed on Friday to lend $200 million to Brazil's Amaggi Exportacao e Importacao, one of the world's largest soybean growing operations, as the Asian country deepens its footprint in Brazil's farm belt.

  • Business events scheduled for the coming week Friday, 1 Aug 2014 | 1:46 PM ET

    WASHINGTON— Commerce Department releases factory orders for June, 10 a.m.; Institute for Supply Management releases its service sector index for July, 10 a.m.. BERLIN— Germany's Economy Ministry releases June industrial orders figures for Europe's biggest economy.

  • *Brent falls to two-week low; in July had biggest monthly loss since April 2013. NEW YORK, Aug 1- Brent crude oil fell more than $1 to hit a two-week low on Friday, slipping to $105 a barrel in its third straight day of losses as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine.

  • Among the major automakers, only Ford Motor Co and Toyota Motor Corp beat analysts' estimates. Honda Motor Co said July sales tumbled 8 percent to 135,908. It was the only one of the top car companies to cut incentives from June to July, with per-vehicle discounts averaging $1,754, according to research firm J.D. Power.