Latest Business News Wires - Business Headlines
featured
CHICAGO, May 19- Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown causes.
» Read More
More
-
LONDON, Feb 13- The yen fell on Wednesday, giving up earlier gains as investors shrugged off comments by a Group of Seven official the previous day, citing concerns about the yen's excessive weakness.
-
Feb 13- Jones Group Inc, the fashion company behind such brands as Nine West and Jones New York, on Wednesday reported a higher-than-expected adjusted profit for the holiday quarter as sales of its shoes and jeans to U.S. department stores picked up.
-
LONDON, Feb 13- Britain's central bank said on Wednesday that inflation would stay higher for longer and its governor cautioned that further bond-buying to boost the weak recovery might have limited impact.
-
LONDON, Feb 13- British Prime Minister David Cameron said on Wednesday that no one wanted to see a string of competitive currency devaluations, saying he did not think any country should try to depreciate its way to growth.
-
*First-quarter EPS $1.65 vs $1.40 est. Feb 13- Deere& Co, the world's largest farm equipment maker, reported first-quarter results above analysts' expectations as farmers geared up to plant the largest corn crop in U.S. history following the worst drought in the U.S.
-
*Rosneft wants to raise up to $30 bln from China. *Russia may double oil deliveries to China. LONDON/ MOSCOW, Feb 13- Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.
-
*Comcast to buy rest of NBC Universal stake from GE. NEW YORK, Feb 13- U.S. stock index futures edged higher on Wednesday, suggesting the market would continue a recent advance that lifted benchmark indexes to multi-year highs.
-
Feb 13- Duke Energy Corp, the largest power company in the United States, posted an increase in quarterly net income on Wednesday in its second quarterly report since its merger with Progress Energy. For the fourth quarter, the company posted net income of $586 million, or 62 cents per share, compared with $333 million, or 65 cents per share, a year earlier.
-
Feb 13- Jones Group Inc, the fashion company behind such brands as Nine West, Stuart Weitzman, and Jones New York, reported a higher quarterly adjusted profit for the holiday quarter, and better than expected revenue, as sales of its shoes and jeans to U.S. department stores picked up.
-
Feb 13- Duke Energy Corp, the largest power company in the United States, reported higher net income on Wednesday in its second quarterly report since its merger with Progress Energy.
-
Feb 13- Deere& Co, the world's largest farm equipment maker, reported a 22 percent jump in quarterly profit on strong demand and raised its earnings forecast for 2013.. The company said it now expects a full-year net profit of about $3.3 billion, up from its prior forecast of $3.2 billion.
-
*G20 chair Russia says important Japan hasn't intervened in FX. LONDON/ MOSCOW, Feb 13- A Group of Seven statement designed to cool international currency tensions should be taken at face value and it was regrettable that others tried to reinterpret it, the Bank of England's chief said on Wednesday.
-
*India central bank has warned on high current account gap. NEW DELHI, Feb 13- India posted its second highest ever monthly trade deficit of $20 billion in January as imports surged to record highs, piling pressure on a widening current account deficit and limiting scope for the central bank to cut interest rates.
-
*Romania denies fraud, says facilities up to standard. POROSCHIA, Romania, Feb 13- Florin Dumitru, like millions of subsistence farmers in Romania, the European Union's second-poorest country, will have no choice when the horse that ploughs his scrap of land can no longer earn its keep.
-
NEW YORK Feb 13- Thomson Reuters reported a 2 percent rise in quarterly operating profit on Wednesday, largely due to cost cutting, and forecast higher revenue in 2013 as its division that serves financial institutions begins to turn around.
-
*Comcast to buy remaining stake of NBC Universal from GE. NEW YORK, Feb 13- U.S. stock index futures edged higher on Wednesday, suggesting the market would continue a recent upward trend that took benchmark indexes near multi-year highs.
-
ISTANBUL, Feb 13- Turkey's economy minister took another swipe on Wednesday at its central bank for failing to do enough to support economic growth, the latest round of a spat which has raised concern about the bank's independence as elections loom.
-
HAMBURG, Feb 13- Chicago wheat prices fell on Wednesday, touching a new seven-month low, as rain and snow helped improve U.S. harvest prospects. Both corn and soybeans were also still being weighed down by Friday's U.S. Department of Agriculture report, which forecast better-than-expected global supplies in coming months. "
-
SAN FRANCISCO, Feb 13- Texas Governor Rick Perry's latest sales pitch to California businesses boils down to four words: Texas is no California.
-
Peugeot shares rose on Wednesday after the troubled carmaker said it burned through cash at the expected rate in 2012 and stuck by a pledge to halve that figure this year, despite weakening prospects for a European market recovery.