Latest Business News Wires - Business Headlines


  • BECKLEY, W.Va., May 13- The West Virginia coal mine where a collapse this week killed two workers had "chronic compliance issues" and received numerous citations from inspectors last year, federal authorities said on Tuesday.

  • LAUNCESTON, Australia, May 14- Many Australians will castigate the country's new conservative government for a tough first budget that saw cuts to welfare and hikes to taxes, but some of the blame lies with China.

  • *Nikon hits lowest since March 2011 on profit decline f'cast. *Sony, megabanks' earnings eyed on Wednesday. TOKYO, May 14- Japan's Nikkei average edged down on Wednesday, slipping from a 1-1/ 2- week high on profit-taking after big gains the previous day, while Kadokawa Corp and Dwango Co soared on a media report that the two firms plan to merge.

  • METALS-Nickel comes off 27-month highs; copper steady Tuesday, 13 May 2014 | 9:40 PM ET

    SYDNEY, May 14- London nickel slipped on Wednesday, losing steam after supply concerns drove a rally of more than 15 percent in three days, while London copper steadied on the prospect that a slowdown in top consumer China could be countered by fresh stimulus.

  • May 13- Anyone in the United States with $1,500 can now buy Google Inc's still-in-beta Google Glass, the Internet company said on a blogpost on Tuesday. Google said it "decided to move to a more open beta," and said anyone in the United States could buy the Internet-connected Glass eyewear as long as stocks lasted.

  • A U.S.- Japan summit last month had shaken the two countries free of a stalemate over access to Japan's farm and auto markets in the Trans-Pacific Partnership, but more work was needed before a broad agreement could be reached, the official said.

  • MOUNTAIN VIEW, Calif., May 13- Google Inc's self-driving car technology likely will not be available for several more years.

  • NYMEX-US crude nears $102 on oil inventory data Tuesday, 13 May 2014 | 8:52 PM ET

    *U.S. crude for June delivery was up 23 cents to $101.93 a barrel at 0041 GMT after gaining $1.11 to close at $101.70 in the previous session, its highest settlement since April 29. *Brent oil rose 14 cents to $109.38, after gaining 83 cents to close at $109.24 a barrel.

  • SINGAPORE, May 14- Platinum and palladium retained on Wednesday sharp gains made overnight on worries that increasing labour tensions in major producer South Africa could hurt supply, while gold edged up on escalating violence in Ukraine.

  • GLOBAL MARKETS-Asian shares edge up, euro pressured Tuesday, 13 May 2014 | 8:11 PM ET

    TOKYO, May 14- Asian shares inched up on Wednesday, while the euro wobbled close to five-week lows on heightened speculation of more European Central Bank stimulus next month. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading.

  • DIARY - Emerging Markets Economic Events to May 26 Tuesday, 13 May 2014 | 8:02 PM ET

    May 14- For other related diaries, please. WASHINGTON- World Bank President Jim Yong Kim and former U.S. Secretary of State Hillary Clinton participate in an event for women's empowerment in Washington- 2115 GMT.

  • *Four million animal experiments carried out in UK in 2012. LONDON, May 14- More than 70 medical bodies in Britain including Big Pharma's Pfizer, GlaxoSmithKline and AstraZeneca have signed a pledge to be more open about their use of animals in scientific experiments.

  • *PM Erdogan cancels trip to Albania after the disaster. ISTANBUL, May 13- An explosion and fire in a coal mine in western Turkey killed at least 151 miners and trapped hundreds more on Tuesday, with the death toll expected to rise in the country's worst mining accident for more than two decades.

  • NEW YORK, May 13- Ten bidders seeking to manage a new surveillance system that could track all U.S. equity trading activity have presented proposals to the exchanges overseeing the project, a source told Reuters on Tuesday, and the field should be reduced to five by September.

  • NEW YORK/ SAN FRANCISCO, May 13- Goldman Sachs Group Inc technology investment banker Anthony Noto, who helped orchestrate Twitter Inc's successful IPO in November, is leaving and joining Coatue Management, according to a source familiar with the matter.

  • *Sterling awaits BOE report and UK jobs data. SYDNEY, May 14- The euro languished at five-week lows against the dollar early in Asia on Wednesday, having come under renewed pressure as markets grew more convinced the European Central Bank would ease policy next month. The euro last traded at $1.3704, not far from the overnight low of $1.3688.

  • LONDON, May 14- Pfizer faces calls to extend its commitment to UK jobs and research to least 10 years as the U.S. drugmaker's boss prepares for a second day of questioning from lawmakers over its plan to buy AstraZeneca.

  • UK body blocks earlier use of J&J prostate cancer drug Tuesday, 13 May 2014 | 7:01 PM ET

    LONDON, May 14- Britain's healthcare cost-effectiveness agency NICE said on Wednesday that a Johnson& Johnson prostate cancer drug, originally invented in Britain, was not worth giving to patients who have yet to receive chemotherapy.

  • *Sees 2nd- qtr profit/shr $0.90- $0.97 vs est $1.16. May 13- Watches and fashion accessory retailer Fossil Group Inc forecast a much lower-than-expected profit for this quarter as costs rise.

  • May 13- Fortress Investment Group LLC is considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, Bloomberg reported, citing a person familiar with the matter. MetLife sold the complex in 2007 for a record $5.4 billion to a group led by Tishman Speyer Properties LP and a real estate unit of BlackRock Inc..