GO
Loading...

Latest Business News Wires - Business Headlines

More

  • April 10- Payroll processor Automatic Data Processing Inc said its board had approved a tax-free spinoff of its dealer services business into an independent publicly traded company.

  • April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.

  • NEW YORK, April 10- The U.S. weather forecaster said on Thursday the chances that the much-feared El Nino phenomenon would strike by the Northern Hemisphere summer had increased since last month. In its monthly report, the Climate Prediction Center pegged the likelihood at more than 50 percent.

  • LONDON, April 10- House prices and sales took off again in Britain last month, reflecting the economy's surprisingly fast recovery, but the Bank of England stuck to its course and left interest rates unchanged at record lows.

  • UPDATE 1-EBay, Icahn reach truce Thursday, 10 Apr 2014 | 9:11 AM ET

    NEW YORK, April 10- EBay Inc and Carl Icahn ended their proxy fight on Thursday as the activist investor dropped his proposal that the e-commerce company split off its PayPal payments unit and withdrew his two nominees for the eBay board.

  • WASHINGTON, April 10- The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.

  • *Bed, Bath& Beyond slumps after earnings. *Bed, Bath& Beyond shares slumped 6 percent to $63.85 before the opening bell after the domestic merchandise retailer reported fourth-quarter earnings. *Family Dollar Stores Inc lost 1.8 percent to $58 in premarket after it reported second-quarter results and gave an outlook that fell short of expectations.

  • *Wheat under pressure as USDA ups global stocks forecast. Soybeans were lower on talk of defaults by Chinese buyers, after prices climbed on Wednesday above $15 a bushel on estimates of a lower U.S. 2013-14 carry over stock.

  • Cash America said that while a final decision is yet to be made, the separation of Enova International Inc would create a publicly traded company with about $766 million in revenue as of Dec. 31.

  • April 10- Cloud-based software maker Zendesk Inc filed with U.S. regulators on Thursday for an initial public offering of up to $150 million. Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing to the U.S. Securities and Exchange Commission.

  • April 10- Biogen Idec Inc and Swedish Orphan Biovitrum said their experimental blood disorder drug was effective in treating children with hemophilia in a late-stage trial.

  • NEW YORK, April 10- U.S. stock index futures trimmed their losses on Thursday after weekly jobless claims fell more than expected in the latest week, a positive sign for the labor market. S&P 500 futures fell 1.3 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

  • April 10- Rite Aid Corp forecast 2015 earnings above analysts' estimate, after reporting a higher-than-expected quarterly profit due to strong pharmacy same-store sales, sending its shares up about 10 percent before the bell. Rite Aid estimated full-year earnings of 31- 42 cents per share and sales of $26 billion- $26.5 billion.

  • U.S. jobless claims tumble to near seven-year low Thursday, 10 Apr 2014 | 8:30 AM ET

    WASHINGTON, April 10- The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.

  • U.S. import prices rise on surge in food costs Thursday, 10 Apr 2014 | 8:30 AM ET

    WASHINGTON, April 10- U.S. import prices rose more than expected in March as food prices recorded their largest increase in three years, but there was little sign of a broader pickup in imported inflation. The Labor Department said on Thursday import prices increased 0.6 percent last month after an unrevised 0.9 percent rise in February.

  • EBay, Icahn end proxy fight Thursday, 10 Apr 2014 | 8:29 AM ET

    NEW YORK, April 10- EBay Inc and Carl Icahn have ended their proxy fight, with the activist investor dropping his proposal that the e-commerce company split off its PayPal payments unit and withdrawing his two nominees for the eBay board.

  • MOSCOW/ SINGAPORE, April 10- Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.

  • *France first EU country to allow biosimilar substitution. PARIS, April 10- France is going out on a limb with a plan to push the use of cheap copies of biotech drugs, triggering alarm among companies in Europe's second-biggest pharmaceutical market behind Germany.

  • *Greece makes successful return to bond markets. LONDON, April 10- Greece's much-heralded return to the bond market buoyed euro zone debt on Thursday, outperforming flat equity markets as gains driven by easing U.S. interest rate concerns fizzled out.

  • HAMBURG, April 10- Ever fancied seeing your name in lights as you boarded a plane? Exhibitors at the Aircraft Interiors Expo in Hamburg demonstrated these ideas and more as they sought to win airline customers with new seats, lighting and entertainment systems.