Latest Business News Wires - Business Headlines


  • GLOBAL MARKETS-Ukraine worry, data hit global equities Thursday, 15 May 2014 | 3:24 PM ET

    NEW YORK, May 15- Global equity markets fell on Thursday and safe-haven U.S. and German government bonds rose on fears over Russia and Ukraine and in response to underwhelming U.S. and European economic data.

  • U.S. lawmakers seek bar on Russia's state arms exporter Thursday, 15 May 2014 | 3:23 PM ET

    WASHINGTON, May 15- Three U.S. senators said they would introduce legislation on Thursday to punish Moscow over the Ukraine crisis by banning any use of U.S. funds for contracts or agreements with the Russian state arms exporter Rosoboronexport.

  • FOREX-Dollar falls with U.S. yields, data pressure euro Thursday, 15 May 2014 | 3:21 PM ET

    *Wall Street losses, risk aversion also hurt greenback. NEW YORK, May 15- The dollar fell on Thursday with declining U.S. yields on some downbeat economic news, while the euro tumbled to 11- week lows against the yen and greenback.

  • YOUR MONEY-How to get compensated for air travel delays Thursday, 15 May 2014 | 3:15 PM ET

    May 15- Last summer, Mark Wilson waited in a Rome airline terminal for a connecting flight to London on his way home to New York. By the time he arrived in London four hours late, the final New York- bound flight had departed. You can access the U.S. forms through the Department of Transportation's Aviation Consumer Protection Division.

  • *Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- U.S. stocks slumped on Thursday after a drop in small-cap stocks and disappointing results from Wal-Mart. But, as of now, it means the sellers are slowly gaining more control, "said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • *Wheat down 7.4 percent during seven days of declines. The current cold conditions that certain parts of the country are experiencing are going to change next week, "said Tom Fritz, an analyst at EFG Group in Chicago.

  • Delinquency rates fall at major U.S. banks in April Thursday, 15 May 2014 | 2:55 PM ET

    May 15- A majority of big U.S. banks reported a drop in delinquency rates for the month of April as customers made their credit card payments on time. Citigroup Inc was the only one to report a rise in both delinquency and charge-off rates. Apr 2014 Mar 2014 Apr 2014 Mar 2014.

  • May 15- Credit Suisse Group AG is expected to plead guilty and pay nearly $2.5 billion to U.S. authorities to end a probe of potential tax evasion involving the Swiss bank, the Wall Street Journal reported, citing people familiar with the discussions.

  • May 15- Wal-Mart Stores Inc forecast a profit for the current quarter that fell short of analyst expectations after quarterly sales grew at their slowest pace in nearly five years. One in five of Wal-Mart's customers relies on government food stamps, which can be used instead of cash to buy groceries.

  • *Gold breaks below $1,300 psychological level. NEW YORK/ LONDON, May 15- Gold fell almost 1 percent on Thursday on technical selling after prices broke below the important $1,300- an-ounce chart level, while U.S. jobless claims data and consumer prices pointed to a firming economy that reduced gold's risk premium.

  • Europe's anti-EU protest vote leaves business cold Thursday, 15 May 2014 | 2:25 PM ET

    BRUSSELS, May 16- Industry lobbyists fear the rise of protest parties and anti-EU rebels in European elections threatens to leave them, and the businesses they represent, out in the cold.

  • QUEBEC CITY, May 15- Interest rates are likely to stay low for an extended period, posing a major challenge to the pension industry, Bank of Canada Deputy Governor Lawrence Schembri said on Thursday.

  • *Sees FY 2015 earnings of $10.80- 11.20/ shr vs est $11.28. May 15- Ammunition maker Alliant Techsystems Inc forecast full-year 2015 earnings largely below analysts' average estimate due to weakness in its aerospace and defense businesses, sending its shares down as much as 7.4 percent.

  • CHICAGO, May 15- Farmland prices in the U.S. Corn Belt softened in the first quarter of 2014, reflecting expectations for lower farm income as grain prices slide, the Federal Reserve Bank of Chicago said on Thursday.

  • JOHANNESBURG, May 15- Dividend payouts to offshore shareholders are likely to keep pressure on Kenya's shilling next week, while the naira should take direction from a monetary policy meeting that is partly aimed at finding ways to support the Nigerian currency.

  • "What this rule does is prevent those with current low-band spectrum from monopolizing the market in the auction by assuring that some spectrum will be available for those with insufficient amounts of spectrum to serve rural areas and penetrate buildings," said FCC Chairman Tom Wheeler.

  • NEW YORK, May 15- Global equity markets were rattled and investors flooded into safe-haven benchmark U.S. and German government bonds on Thursday on fears over Russia and Ukraine, along with mixed U.S. and weak European economic figures.

  • PARIS, May 15- France's decision to expand its veto powers over strategic sectors to give it some leverage on the future of engineering group Alstom reflects a rare area of policy consensus that resonates across the political spectrum.

  • MONTERREY, May 15- The board of Mexican cement giant Cemex will meet this week to pick a successor to Lorenzo Zambrano, the company's longtime chairman and chief executive officer, who died suddenly on Monday leaving no apparent heir. *Fernando Gonzalez, 59, born in Mexico, Executive Vice President of Finance and Administration.

  • BOSTON, May 15- Chipotle Mexican Grill Inc failed to win a majority of shareholder support for its executive pay on Thursday, a noteworthy rebuke for the Denver restaurant chain that has been one of its industry's top performers.