Latest Business News Wires - Business Headlines


  • Yelp's revenue jumps as mobile advertising revenue rises Wednesday, 30 Apr 2014 | 4:12 PM ET

    April 30- Yelp Inc, the operator of consumer review website Yelp.com, reported a 66 percent rise in quarterly revenue due to higher revenue from local advertising on mobile devices as more customers use smartphones and tablets for information.

  • NEW YORK, April 30- U.S. stocks rose on Wednesday, with the Dow Jones industrial average ending at a new closing high, as the Federal Reserve gave an upbeat view of the economy's prospects as it announced another cut to its bond-buying program.

  • U.S. drugmaker Pfizer Inc said on Monday it has made takeover bids for UK rival AstraZeneca Plc in a possible deal to merge the two into a UK holding company with a UK tax domicile. With the U.S. Congress deadlocked over tax-and-spending policy, the chances of an inversion crackdown becoming law soon were slim, said analysts, though it could not be ruled out.

  • Success brings sanctions for Putin's judo partner Wednesday, 30 Apr 2014 | 3:43 PM ET

    *Arkady Rotenberg says friendship incidental to success. MOSCOW, April 30- Fortune has smiled on judo coach Arkady Rotenberg, bringing his businesses Google- like growth and a key role in staging the Winter Olympics. SGM, 51- percent owned by Arkady Rotenberg, 62, saw revenues grow by a factor of nearly 50 after its creation in 2008 from several units sold by Gazprom.

  • SAN FRANCISCO, April 30- Facebook Inc rolled out a new service that it envisions will distribute ads across a network of mobile applications, opening the door to a new source of revenue for the Internet social network.

  • UPDATE 1-Serco to raise cash as profit set to plunge Wednesday, 30 Apr 2014 | 3:32 PM ET

    LONDON, April 30- British outsourcing firm Serco plans to raise 170 million pounds in emergency cash after revealing the full extent of its collapse in profits and the departure of its finance director on Wednesday.

  • NEW YORK, April 30- U.S. The U.S. bond market posted its fourth straight month of gains in April led by bids for long-dated debt due to worries about Ukraine. The Barclays' Aggregate index, a gauge of U.S. investment-grade bonds, rose 0.60 percent in April, bringing year-to-date gains to 2.45 percent.

  • NEW YORK, April 30- A CSX Corp train carrying crude oil derailed and burst into flames in downtown Lynchburg, Virginia on Wednesday, with several tank cars spilling oil into the nearby James River, city officials said. The train was run by CSX Corp, she said.

  • Oil falls toward $108 on supply build, Libya prospects. Wall Street initially slid after the Commerce Department said U.S. gross domestic product expanded at a 0.1 percent annual rate in the first quarter, the slowest pace since the fourth quarter of 2012..

  • LONDON, April 30- The upheaval caused by the departures of the Tel Aviv Stock Exchange's former chief executive and chairman has ended, allowing the new management to focus on improving performance, its CEO said on Wednesday.

  • *Twitter hits record intraday low, eBay also down after results. NEW YORK, April 30- The Dow and S&P 500 added to gains while the Nasdaq turned positive on Wednesday after the Federal Reserve gave an upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying program.

  • NEW YORK, April 30- When it came time for Tom Moser and his wife to consider having his 83- year-old father move in with them, a house with a special multigenerational floor plan solved their problems- and may have saved his dad's life.

  • Buffett's MidAmerican Energy adopts Berkshire name Wednesday, 30 Apr 2014 | 3:07 PM ET

    April 30- Berkshire Hathaway Inc's energy unit has changed its name to Berkshire Hathaway Energy from MidAmerican Energy Holdings Co, the largest of a growing list of businesses to adopt the name of the company run by billionaire Warren Buffett.

  • *Dollar at session lows versus euro and yen on Q1 GDP. NEW YORK, April 30- A surprisingly weak first-quarter read on the U.S. economy sent the dollar careening lower on Wednesday against the euro and the yen. The Fed stayed on course with further cuts to its bond buying program, aimed at bolstering economic activity, to $45 billion a month.

  • LONDON, April 30- The blossoming love affair with index-based investing and exchange-traded funds is sweeping aside more traditional investment management with its hefty fee premium, even if it is stoking market volatility.

  • MEXICO CITY, April 30- Mexico will force investors in its oil and gas industry to use a certain amount of labor and materials from Mexican firms but will give them a decade to comply with the rules, the government said on Wednesday.

  • April 30- Private equity firm Carlyle Group LP reported an 18 percent drop in quarterly profit on Wednesday as strength in its main business of corporate buyouts was offset by weaker performances in its credit and real-estate funds.

  • NEW YORK, April 30- A train derailed in downtown Lynchburg, Virginia on Wednesday, according to a statement published by city officials. The area is being evacuated, "said Joann Martin, director of communications for the city of Lynchburg. Local media reported that the train belonged to CSX Corp. Reuters could not immediately verify this information.

  • *Future BoE chief economist stresses asset prices, banks. LONDON, April 30- The Bank of England's next chief economist said on Wednesday he wanted to focus more on the role of asset prices to assess the state of the economy, though he gave few clues on when he thought interest rates should rise.

  • PARIS, April 30- General Electric's overtures to the power business of France's former industrial beacon Alstom have shown again how the French state, for all its interventionist zeal, has limited room for manoeuvre against big business.