Latest Business News Wires - Business Headlines


  • NEW YORK, June 26- Investors can expect a surge in volume at the close of trading on Friday, when Russell Investments announces the annual rebalance of its series of indexes that will affect more than $5 trillion in assets.

  • NEW YORK, June 26- The U.S. dollar erased its gains to trade flat against a basket of major currencies on Thursday after U.S. data suggested growth was perking up after a dismal first quarter but was not robust enough to give a decisive lift to the dollar.

  • SAO PAULO, June 26- Brazil's 2014 coffee harvest is between 35 and 40 percent complete, the president of the country's National Coffee Council said on Thursday, citing reports from member cooperatives.

  • N.Y. court revives $1 bln suit over Russian oilfield Thursday, 26 Jun 2014 | 5:01 PM ET

    ALBANY, N.Y., June 26- New York's top state court on Thursday reinstated Canadian oil company Norex Petroleum Ltd's $1 billion lawsuit claiming that two billionaires used armed soldiers and corrupted Russian court proceedings to gain control of a Siberian oilfield.

  • TOKYO, June 27- Four years after Japan tightened rules on the consumer finance industry- and wiped out thousands of non-bank moneylenders- some lawmakers in the ruling Liberal Democratic Party want to shift back to deregulation, arguing this would help small businesses access the cash they need and fuel economic growth.

  • Indonesian markets prepare to be spooked by Prabowo win Thursday, 26 Jun 2014 | 5:00 PM ET

    SINGAPORE, June 27- From a falling rupiah to a slow retreat by foreigners from high-yielding bonds, markets in Indonesia are showing telltale signs of the volatility and weakness that could ensue should the presidential election be won by ex-general Prabowo Subianto.

  • *U.S.-listed shares of Barclays fall on fraud lawsuit. *GoPro shares jump over 30 percent in first day after IPO. NEW YORK, June 26- U.S. stocks ended slightly lower on Thursday after the president of the Federal Reserve Bank of St. Louis said interest-rate increases should come sooner rather than later.

  • WASHINGTON, June 26- The Obama administration on Thursday said it would tap Treasury funds to bolster the construction of affordable rental housing and extend the life of a program aimed at helping struggling homeowners avoid foreclosure.

  • GM tracked 800+ airbag failures in Cobalt, Ion Thursday, 26 Jun 2014 | 4:51 PM ET

    General Motors tracked more than 800 incidents where air bags did not deploy in the Saturn Ion and Chevrolet Cobalt, a memo shows.


  • WASHINGTON, June 26- The U.S. Air Force is expected on Thursday to award Sikorsky Aircraft, a unit of United Technologies Corp, a contract worth about $1.3 billion to develop a new combat search and rescue helicopter based on the company's workhorse UH-60 Black Hawk, according to sources familiar with the deal.

  • June 26- A lawyer for General Motors Co will announce on Monday the eligibility criteria for a program to compensate victims of a faulty ignition switch that prompted the recall of 2.6 million vehicles. She said he will make the announcement during a speech at the National Press Club in Washington on Monday morning.

  • BRASILIA, June 26- A federal court has revoked the environmental license for a large gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. Belo Sun's stock fell 7 percent on the Toronto Stock Exchange to 19 Canadian cents.

  • June 26- Sports wear maker Nike Inc reported a rise in quarterly profit, helped by strong sales of its apparel and footwear in North America and Western Europe. The company's net income from continuing operations rose to $698 million, or 78 cents per share, in the fourth quarter ended May 31 from $690 million, or 76 cents per share, a year earlier.

  • OTTAWA, June 26- Aboriginals in British Columbia can stake a broad claim to traditional territories due to a landmark Supreme Court of Canada decision that also raises new questions about prospects for the contentious Northern Gateway pipeline and other resource projects. The case involved a claim to 1,750 sq km of land in central British Columbia.

  • *Wheat extends gains into second session. "Old-crop sales, people were thinking, would be none or even negative," said Mike Krueger, president of the Money Farm in North Dakota.

  • NEW YORK, June 26- U.S. stocks dipped on Thursday, though indexes ended well off session lows after James Bullard, the president of the Federal Reserve Bank of St. Louis, said interest-rate increases should come sooner rather than later. The Dow Jones industrial average fell 21.38 points or 0.13 percent, to end unofficially at 16,846.13.

  • NEW YORK, June 26- KKR& Co LP said on Thursday it named Alexander Navab sole head of its Americas private equity business after a review resulted in Michael Michelson's giving up his title as co-head alongside Navab to return to full-time investing.

  • *Iraq's southern oilfields remain safe- U.N. envoy. NEW YORK, June 26- Crude oil on both sides of the Atlantic fell on Thursday as fears eased over export disruptions from war-ravaged Iraq, allowing market participants to take some profit off the table. Iraq is OPEC's second-largest producer.

  • NEW YORK, June 26- Activist investment firm Relational Investors LLC has amassed a roughly 8.5 percent stake in Manitowoc Co Inc and is urging the crane and food equipment company to break itself up, according to people familiar with the matter.