Latest Business News Wires - Business Headlines


  • *Sterling gains as poll suggests Scotland voted to stay in UK. TOKYO, Sept 19- Asian shares edged higher on Friday, cheered by news of an eye-popping initial public offering by Chinese e-commerce giant Alibaba Group, while sterling rebounded after a survey published showed support for Scotland to remain in the United Kingdom.

  • TOKYO, Sept 19- Sterling rose to a two-week high against the U.S. dollar and two-year peak against the euro on Friday, taking comfort from a poll showing support for Scotland to remain in the United Kingdom. The YouGov survey showed support for Scottish independence amounted to 46 percent of the electorate with 54 percent wanting to stay in the United Kingdom.

  • BOSTON/ CHICAGO, Sept 18- Home Depot Inc Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp..

  • Sept 18- JetBlue Airways on Thursday named Robin Hayes, its current president and a former British Airways executive, to succeed Dave Barger as chief executive, sending the airline's shares up in after-market trading.

  • Bank of Montreal is sued over Tom Petters' Ponzi scheme Thursday, 18 Sep 2014 | 6:58 PM ET

    Sept 18- Bank of Montreal was sued on Thursday by a trustee liquidating two Florida funds that claimed to have lost money in a Ponzi scheme operated by Minnesota businessman Thomas Petters.

  • WASHINGTON, Sept 18- Lockheed Martin Corp is close to signing a roughly $4 billion deal with the U.S. Defense Department for 43 more F-35 fighter jets that will lower the cost of the jet's airframe by 2 to 4 percent, sources familiar with the program said.

  • NEW YORK, Sept 18- Arab Bank Plc never provided material support for the Palestinian group Hamas, a lawyer for the bank told jurors on Thursday during closing arguments at the bank's civil trial on charges of financing terrorism.

  • Sept 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, forecast quarterly revenue below analysts' estimates. Red Hat's billings growth of 17 percent for the second quarter ended Aug. 31 also disappointed investors, said Derrick Wood, an analyst with Susquehanna Financial Group LLLP.

  • RIO DE JANEIRO, Sept 18- Brazil's state-run oil company, Petroleo Brasileiro SA, will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on Thursday.

  • Sept 18- Hyatt Hotels Corp said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million.

  • DETROIT, Sept 18- The Detroit Institute of Arts is prepared to sue to prevent the sale of its collection if Detroit's plan for exiting bankruptcy is not approved, the museum's chief operating officer told U.S. Bankruptcy Court on Thursday.

  • NEW YORK, Sept 18- Investors in U.S.-based funds added a net $6.7 billion into stock funds in the week ended Sept. 17, data from Thomson Reuters' Lipper service showed on Thursday. Stock mutual funds attracted $646 million of that money, with stock exchange-traded funds drawing in $6.1 billion.

  • Sept 18- JetBlue Airways on Thursday named Robin Hayes, its current president, to succeed Dave Barger as chief executive, sending the airline's shares up in after-market trading. Cowen and Co said last month that it expects JetBlue to outperform the market under new management and increased its price target for the airline's shares to $15 from $10.

  • WASHINGTON, Sept 18- U.S. House of Representatives Speaker John Boehner on Thursday expressed his dissatisfaction with a chronically high jobless rate and complained of a "very sick idea" that the unemployed would "rather just sit around."

  • Clorox CEO Donald Knauss steps down Thursday, 18 Sep 2014 | 6:02 PM ET

    Sept 18- Home cleaning products maker Clorox Co said Chief Executive Donald Knauss was stepping down after eight years at the helm. He started his career at The Coca-Cola Co and went on to join PepsiCo Inc and Procter& Gamble Co before joining Clorox. Oakland, California- based Clorox's shares were little changed on the New York Stock Exchange on Thursday.

  • TABLE-Impact of weaker yen on Japanese firms' earnings Thursday, 18 Sep 2014 | 6:00 PM ET

    Sept 19- Following is a table highlighting this financial year's assumed currency rates for some major Japanese firms and the impact on annual operating profit of a 1 yen move lower against both the dollar and the euro. Company Assumed Impact of 1 yen Assumed Impact of 1 yen rate move on operating rate vs yen move on vs dlr profit euro operating.

  • TOKYO, Sept 19- Three quarters of Japanese firms are finding the yen has weakened beyond their preferred levels, and they also believe authorities should embark on further stimulus measures if a second sales tax hike goes ahead as planned, a Reuters survey showed.

  • Japan struggled with a strong currency for much of the past decade, only gaining sustained relief from late 2012 as Prime Minister Shinzo Abe came to power and embarked on bold monetary stimulus.

  • Obama to tout U.S. climate plan at U.N. summit Thursday, 18 Sep 2014 | 5:52 PM ET

    WASHINGTON, Sept 18- President Barack Obama will highlight strides the United States has made on climate change when he addresses a major U.N. climate summit next week, senior administration officials said on Thursday.

  • EDINBURGH, Sept 18- Support for Scottish independence amounts to 46 percent of the electorate with 54 percent wanting to stay in the United Kingdom, according to a poll by YouGov carried out on the day of the referendum. YouGov contacted Scots it had previously canvassed in recent days and its survey is not akin to a full exit poll.