Latest Business News Wires - Business Headlines


  • The contract covers development and delivery of four new Combat Rescue Helicopters and caps over a decade of repeated unsuccessful efforts by the Air Force to replace its aging fleet of HH-60G Pave Hawk helicopters.

  • WASHINGTON, June 26- More than a year after asking for and receiving emails from News Corp's U.S. operation related to allegations of phone hacking and bribery, the FBI is still investigating whether British-based representatives of the media company may have broken U.S. law, sources familiar with the matter said on Thursday.

  • The U.S. Court of Appeals for the District of Columbia ruled in February that the IRS did not have the authority on its own to impose rules on up to 700,000 preparers who are not already licensed as attorneys, accountants or "enrolled agents." The IRS had to mothball its mandatory program and ask Congress for authority to reinstate it.

  • June 26- More investors plan to ramp up on commodities over the next 12 months after years of pessimism toward the sector, betting that the Iraq conflict will push oil prices higher while other commodities prices advance in volatile trade, a Credit Suisse poll showed on Thursday.

  • NEW YORK, June 26- A former McKinsey& Co partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder's younger brother, Rengan Rajaratnam.

  • WASHINGTON, June 26- President Barack Obama on Thursday named lawyer and longtime transportation civil servant Christopher Hart to be chairman of the National Transportation Safety Board. He has held senior positions at the Federal Aviation Administration, the National Highway Traffic Safety Administration, and the Department of Transportation.

  • One person who has thought interestingly about these issues is Stephen Jen, a hedge fund manager at SLJ Macro Partners. Jen argues, picking up on points made by economist Paul Samuelson a decade ago, that lagged effects of globalization may be behind some of the peculiarities in both markets and economics we now observe.



  • NEW YORK, June 26- Graeme Hart, whose packaging conglomerate made him New Zealand's richest man, is in the early stage of exploring options for his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011, according to people familiar with the matter.

  • 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.

  • 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.

  • 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.

  • 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.