Latest Business News Wires - Business Headlines


  • Veteran judge nominated for Delaware Supreme Court Tuesday, 23 Sep 2014 | 3:45 PM ET

    Jack Markell nominated James Vaughn, a 15- year veteran of the state's Superior Court, to the Delaware Supreme Court, which plays a key role in interpreting U.S. corporate law. Vaughn has served since 2004 as president of the Superior Court, which hears criminal and civil cases and appeals from the Court of Common Pleas.

  • WASHINGTON, Sept 23- A U.S. court has temporarily shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce bitcoins, the "virtual currency" payment system. In an emailed statement on Tuesday, Butterfly Labs said the commission had overreached with "heavy-handed actions."

  • BISMARCK, North Dakota, Sept 23- Hess Corp and other major North Dakota oil producers told the state's top energy regulators on Tuesday that existing field practices used to prepare Bakken crude for rail transport are safe, and tighter standards could do more harm than good.

  • Amazon looks to launch e-books in Netherlands - FT Tuesday, 23 Sep 2014 | 3:33 PM ET

    Sept 23- Online retailer Amazon.com Inc is in talks with a number of Dutch publishers to sell e-books in the Netherlands, the Financial Times reported, citing a Dutch publisher. But now Amazon has actually been in touch and so we are getting close, "the report quoted Sander Knol, the director of Xander, a Dutch publisher that has been approached by Amazon.

  • FOREX-Dollar steady after profit-taking Tuesday, 23 Sep 2014 | 3:29 PM ET

    NEW YORK, Sept 23- The dollar held steady against other major currencies on Tuesday after a flurry of profit-taking that also helped lift the battered euro. The euro, which traded near $1.40 in May, was up 0.06 percent in late New York dealings at $1.286 after trading as high as $1.29, in part on data suggesting improved economic growth in Germany.

  • U.S. companies' borrowing to spend on capital investment rose in August, the Equipment Leasing and Finance Association said. Washington- based ELFA, a trade association that reports economic activity for the $827 billion equipment finance sector, said credit approvals totaled 79.5 percent in August, down slightly from 80.3 percent in July.

  • US STOCKS-Wall St falls in broad decline Tuesday, 23 Sep 2014 | 3:03 PM ET

    NEW YORK, Sept 23- U.S. stocks were down on Tuesday, with the S&P 500 on track for its third straight daily decline as investors digested signs of slowing global growth. Wall Street's losses tracked Europe, which was down after data showed a contraction in French business activity and slower growth in German manufacturing this month.

  • COLUMN-Alibaba and China's slowdown: James Saft Tuesday, 23 Sep 2014 | 3:00 PM ET

    Sept 23- Is it a) funny, b) disturbing, or c) irrelevant that Alibaba went public at a sky-high valuation just at the point at which the red-hot economy which spawned it seems content to settle into a creaky middle age?

  • Federal Reserve is warning banks that lending for deals that load up companies with too much debt could impact its assessment of banks' loan loss rates in the next stress test, the Financial Times reported.

  • BERLIN, Sept 23- Germany's Rocket Internet, a venture capital group that has launched dozens of online start-ups, priced its initial public stock offering in a range of 35.50 to 42.50 euros per share, valuing the company at some 6.2 billion euros.

  • Sept 23- Pfizer Inc has approached Dublin- based generic drugmaker Actavis Plc to express its interest in an acquisition, Bloomberg reported, citing people with knowledge of the matter. The companies are not currently in formal talks and Pfizer has not made an offer, the Bloomberg report said.

  • WELLINGTON, Sept 24- New Zealand's Fonterra will likely slash its milk purchase price to a six-year low on Wednesday, reviving margins while dealing a blow to farmers and the economy of the world's largest dairy exporting nation.

  • *Action may deter Pfizer from returning to bid for AstraZeneca. WASHINGTON/ NEW YORK, Sept 23- Tough new U.S. rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.

  • The American Beverage Association, whose members include Coca-Cola Co, PepsiCo Inc, and Dr. Pepper Snapple Group Inc, and the Alliance for a Healthier Generation, announced the plan at the Clinton Global Initiative annual meeting in New York.

  • BRUSSELS, Sept 23- Margrethe Vestager says that neither "loud people" in business and government nor "anti-Americanism" will sway her rulings on antitrust cases when she becomes the European Union's new competition commissioner.

  • NEW YORK, Sept 23- New York's Metropolitan Transportation Authority, operator of one of the world's largest public transport networks, said ahead of a board meeting on Wednesday that it is facing a $15.2 billion shortfall for its infrastructure needs.

  • NEW YORK/ LONDON, Sept 23- Gold rose on Tuesday after the first U.S.-led airstrikes against Islamic State and other militants inside Syria, but early gains evaporated amid a lack of followthrough buying.

  • NEW YORK, Sept 23- Shares of Ascena Retail Group Inc were suffering their biggest one-day decline in 14 years on Tuesday, a day after the company reported weak fourth-quarter results. The stock lost 16.8 percent to $13.75, its biggest daily drop since Sept. 24, 1990.

  • Sept 23- Deere& Co, the world's largest farm equipment maker, said it was exploring strategic options for its low-margin crop insurance business and had hired Citigroup as its adviser.

  • *UniCredit, Santander to hold around one third each of new entity. MILAN, Sept 23- Italian bank UniCredit SpA and Spain's Santander SA are in talks to merge their fund management businesses and create a European powerhouse overseeing some 350 billion euros of assets.