Latest Business News Wires - Business Headlines




  • MADRID, Jan 14- The Spanish government is considering selling part of its stake in bailed-out Bankia as soon as the first quarter of the year, official and banking sources said, hoping to recoup part of the multi-billion euro rescue under favourable market conditions.

  • Jan 14- JPMorgan Chase& Co said on Tuesday that fourth-quarter profit fell 7.3 percent, hurt by weaker investment banking revenue and higher legal expenses.

  • WASHINGTON, Jan 14- The U.S. Supreme Court ruled on Tuesday that Daimler AG cannot be sued in California over human rights allegations in a decision that is a boost for multinational companies facing lawsuits alleging misconduct abroad.

  • Prospect of weak earnings dents European shares Tuesday, 14 Jan 2014 | 10:33 AM ET

    U.S. stock markets and Germany's benchmark DAX equity index have hit record highs, but some investors are concerned that further gains will be limited until corporate earnings start to improve.

  • NEW YORK, Jan 14- U.S. retail sales rose 3.8 percent during the 2013 holiday season, compared with 3.5 percent last year, the National Retail Federation said on Tuesday. Total sales rose to $601.9 billion in the months of November and December. The industry body had previously estimated sales to rise to $602.1 billion.

  • U.S. appeals court strikes down internet rules Tuesday, 14 Jan 2014 | 10:18 AM ET

    The FCC did not have the legal authority to enact the 2011 regulations, which were challenged in a lawsuit brought by Verizon Communications Inc, the U.S. Court of Appeals for the District of Columbia Circuit said in its ruling.

  • *JPMorgan, Wells Fargo post earnings. NEW YORK, Jan 14- U.S. stocks rebounded modestly on Tuesday, a day after the S&P 500 suffered its biggest drop in two months, buoyed by solid retail sales data and as investors digested earnings from JPMorgan and Wells Fargo.


  • U.S. business inventories rise, will support Q4 GDP Tuesday, 14 Jan 2014 | 10:00 AM ET

    WASHINGTON, Jan 14- U.S. business inventories rose in November, suggesting restocking would be a boost to economic growth in the fourth quarter instead of being a drag as was previously feared. The Commerce Department said on Tuesday inventories increased 0.4 percent after rising 0.8 percent in October.

  • COLUMN-Long live the Jones Act? Kemp Tuesday, 14 Jan 2014 | 9:57 AM ET

    LONDON, Jan 14- The Philadelphia- registered schooner "Amity" was seized off the island of St Kitts on May 2, 1785 and accused of contravening the British navigation laws, which required trade with Britain's Caribbean possessions to be carried in British-owned and crewed ships.

  • BRUSSELS, Jan 14- Greece expects the euro zone to provide some debt relief to Athens later this year but the impact on its vast liabilities will be little more than symbolic.

  • LONDON, Jan 14- Royal Dutch Shell could look to sell $15 billion worth of assets over the next two years including some North Sea fields, said a media report on Tuesday, expanding on its existing guidance that divestments would accelerate this year.

  • NEW YORK, Jan 14- U.S. stocks opened higher on Tuesday, rebounding after a steep drop in the previous session as December retail sales data came in above expectations and JPMorgan Chase& Co rose following its results. The Dow Jones industrial average was up 32.59 points, or 0.20 percent, at 16,290.53.

  • TORONTO, Jan 14- Western Canada-focused Shaw Communications Inc posted a 4 percent rise in first-quarter profit on Tuesday, but it continued to lose customers in its main cable television business.

  • NAIROBI, Jan 14- Kenya's central bank held its benchmark lending rate at 8.50 percent for the fourth policy meeting in a row on Tuesday, saying inflation was steady.

  • *JPMorgan, Wells Fargo post earnings. NEW YORK, Jan 14- U.S. stocks were set for a bounce on Tuesday, a day after the S&P 500 suffered its biggest drop in two months, after solid retail sales data and as investors digested earnings from JPMorgan and Wells Fargo.

  • Dana reports 2013 sales above estimates Tuesday, 14 Jan 2014 | 9:23 AM ET

    Jan 14- Auto parts supplier Dana Holding Corp reported 2013 sales slightly above analysts' estimates and said it expected demand across most regions to remain "mostly stable" in 2014.. Maumee, Ohio- based Dana forecast sales of $6.8 billion- $6.9 billion for 2014, below the average analyst estimate of $6.98 billion.

  • Jan 14- West Virginia officials on Tuesday lifted a ban on drinking tap water from 35,000 customers who had been affected by a chemical spill that left the state's water supply nearly unusable for hundreds of thousands since last week.

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