Latest Business News Wires - Business Headlines


  • NEW YORK, Aug 1- U.S. stocks were little changed on Friday, paring big losses that had been indicated by trading before the market opened, as a weak July jobs report allayed concerns the Federal Reserve might raise interest rates sooner than many had expected.

  • Mobileye shares rise 50 pct in bumper debut Friday, 1 Aug 2014 | 10:37 AM ET

    July 31- Shares of Mobileye NV, a maker of camera-based systems that help drivers avoid collisions, rose as much as 55 percent in their debut, valuing the company at about $8.2 billion. Mobileye's upsized initial public offering, the largest U.S. IPO by an Israeli company, raised about $889.7 million after shares were priced at $25, above the range of $21- $23 per share.

  • U.S. tightens restrictions for flights over Iraq Friday, 1 Aug 2014 | 10:33 AM ET

    WASHINGTON, Aug 1- The U.S. Federal Aviation Administration has restricted U.S. airlines from flying at or below 30,000 feet over Iraq, citing a "potentially hazardous situation created by the armed conflict" there.

  • Mexico factory sentiment dips in July to 9-month low Friday, 1 Aug 2014 | 10:30 AM ET

    MEXICO CITY, Aug 1- Mexico's manufacturing sector sentiment dipped in July to a nine-month low as output growth slowed, though the level of new orders pointed to growth ahead as Latin America's No. 2 economy recovers from a slowdown. Mexico exports mostly manufactured goods and sends nearly 80 percent of its exports to the United States.

  • TORONTO, Aug 1- Fairfax Financial Holdings Ltd said Quebec's securities regulator was investigating the company, Chief Executive Officer Prem Watsa and President Paul Rivett for possible illegal insider trading or tipping.

  • *FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.7 pct. *Banco Espirito Santo stock sinks 19 pct. But stocks remained deep in negative territory, with a broad index trading at 3-1/ 2 month lows, hurt by tension between Russia and the West, Argentina's default, as well as concerns around losses at Banco Espirito Santo.

  • *Game Digital re-emerges after old firm nearly went bust. Although overall growth trends still firmly favor online shopping, higher share prices flag investor faith in chains such as UK video-game retailer Game Digital, electrical-appliance group Dixons, and Swiss Mobilezone.

  • *Gold steadies after falling 1 pct on Thursday. *Physical demand in Asia provides little support. LONDON, Aug 1- Gold rose 1 percent on Friday a day after touching a six-week low as U.S. payrolls data missed expectations, dampening talk of an early interest rate rise by the Federal Reserve and pressuring the dollar.

  • UPDATE 4-U.S. auto sales growth slowed in July Friday, 1 Aug 2014 | 10:05 AM ET

    DETROIT, Aug 1- U.S. auto sales growth slowed a bit in July, with healthy gains from some manufacturers falling short of expectations, according to early returns from the major carmakers on Friday. Ford Motor Co reported a gain of 10 percent to 212,236 vehicles, slightly beating the analysts' average estimate of 9 percent.

  • U.S. consumer sentiment dips in July Friday, 1 Aug 2014 | 10:00 AM ET

    NEW YORK, Aug 1- U.S. consumer sentiment edged down in July, while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed.

  • Aug 1- Biota Pharmaceuticals Inc said its influenza treatment failed to meet the main goal in a mid-stage study, about two months after the company lost a key government contract supporting the drug's development.

  • WASHINGTON, Aug 1- The sluggish pace of wage growth in the United States shows the economy is not overheating, a top White House adviser said on Friday. "We certainly, with the productivity we have, could afford to be seeing more wage growth," Council of Economic Advisers Chairman Jason Furman told CNBC.

  • MUMBAI, Aug 1- Pfizer Ltd, the Indian unit of U.S. drugmaker Pfizer Inc, said on Friday it locked out staff at its Mumbai drug factory after some employees tried to disrupt production lines and threatened management.

  • NEW YORK, Aug 1- U.S. stocks edged lower at the open, as a softer-than-expected July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected.

  • LinkedIn's hiring business seen key to growth Friday, 1 Aug 2014 | 9:34 AM ET

    Aug 1- LinkedIn Corp's booming hiring business and rapid international expansion will be the main growth drivers for the next few quarters, analysts said after the corporate networking site's revenue and profit forecast smashed expectations.

  • BEIJING, Aug 1- China's central bank will keep up reasonable growth in credit and social financing and fine-tune its monetary policy in a timely way, the bank said on Friday.

  • DETROIT, Aug 1- U.S. auto sales look set to show healthy gains for July, but not as much as expected, according to early returns from the major carmakers on Friday.

  • SANTIAGO, July 31- Nicknamed' scissorhands' for his agile management of difficult projects, Chilean industry veteran Nelson Pizarro is seen by Codelco's board as the ideal man to lead the world's top copper miner through a tricky yet pivotal phase.

  • LONDON/ MOSCOW, Aug 1- Mathematically Russia has enough reserves to hold out for at least two years before Western sanctions start to choke the economy, but it must avoid reawakening the "sleeping dragon" of investor panic.

  • *Says "commercial momentum remained healthy" in Russia in Q2. PARIS, Aug 1- French bank Societe Generale kept faith with its plans for growth in Russia on Friday a day after new EU sanctions targeted the Russian financial sector.