Latest Business News Wires - Business Headlines


  • METALS-Zinc hits 16-month high, nickel slips Thursday, 19 Jun 2014 | 10:21 AM ET

    LONDON, June 19- Zinc touched the highest levels in 16 months on Thursday after recent data showed the market deficit had deepened, and investors expected it to deepen further as major mines shut down.

  • LONDON, June 19- British investigators are examining millions of electronic messages which include fresh evidence of possible collusion by a small group of top currency traders, sources say.

  • June 19- Corinthian Colleges Inc, a U.S. for-profit education provider, said it may not be able to continue as a going concern after the Department of Education delayed some reimbursements related to a student loan program.

  • YOUR MONEY-How to launch a financially successful adult Thursday, 19 Jun 2014 | 10:12 AM ET

    NEW YORK, June 19- It's the secret fear of every American parent: failure to launch. The idea used to give Andy Byron the cold sweats. Their 22- year-old son scored a paid summer internship with medical device manufacturer Stryker Corp, with an eye toward a career in medical sales.

  • *Ukraine mulls next moves after Russia cuts supplies. Suffering a third cut-off of natural gas supplies from Russia in under nine years, and with political relations in crisis, Ukraine is desperate to become less dependent on Russian gas, but at the same time to provide more reliable transit for the Russian gas that Europe needs.

  • LONDON, June 19- Gold jumped to a four-week high on Thursday as the dollar fell after the Federal Reserve said it remained committed to accommodative measures and low interest rates, while platinum rose as new hurdles emerged in settling South Africa's mining strike.

  • SYDNEY/ JOHANNESBURG, June 19- Australian retailer David Jones Ltd has postponed a shareholder vote on a $2 billion takeover bid from South Africa's Woolworths after Australian billionaire Solomon Lew amassed a stake that could scupper the deal.

  • KIEV, June 19- Ukraine's state-owned gas company Naftogaz said on Thursday Russia's Gazprom wants to end a contract which compensates Ukraine if it needs to use its gas to meet additional demand from Europe. Gazprom did not immediately respond to a request for comment.

  • BRASILIA, June 19- Brazilian President Dilma Rousseff's popularity has continued to slip, though the left-leaning leader is still favored to win re-election in a possible second round of vote, according to a new poll published on Thursday.

  • Skechers sues Reebok for patent infringement Thursday, 19 Jun 2014 | 9:35 AM ET

    June 19- Sport shoes maker Skechers USA Inc said it filed a lawsuit against Reebok International Ltd, alleging infringement of patents related to the company's Go Walk shoes. The suit, filed in the U.S. District Court for the Central District of California, seeks compensatory and punitive damages and injunctive relief, the company said in a statement.

  • NEW YORK, June 19- U.S. stocks opened flat on Thursday, following a four-day rally that took the S&P 500 to record levels, while the latest jobless claims data indicated strengthening of the labor market.

  • June 19- Kroger Co, the biggest U.S. supermarket operator, raised its forecast for full-year adjusted profit and same-store sales growth, helped by its acquisition of grocer Harris Teeter Supermarkets Inc.. Kroger raised its adjusted profit forecast to $3.19- $3.27 per share for fiscal 2014 from $3.14- $3.25 per share.

  • *Rocket Internet building online empire outside US, China. Rocket Internet is bidding to create the largest internet empire outside the United States and China, seeking to replicate the success of Amazon and Alibaba in markets the U.S. and Chinese e-commerce groups have yet to dominate, such as Africa, Latin America and Russia.

  • TREASURIES-Yields fall to two-week lows on dovish Fed Thursday, 19 Jun 2014 | 9:13 AM ET

    *Fed to buy $2.25 bln- $2.75 bln notes due 2021-2024. NEW YORK, June 19- U.S. "There was some hope that they would be more hawkish, but they are ignoring the uptick in inflation," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.

  • Corinthian Colleges raises "going concern" doubts Thursday, 19 Jun 2014 | 9:08 AM ET

    June 19- Corinthian Colleges Inc, a U.S. for-profit education provider, said it may not be able to continue as a going concern after the Education Department delayed some reimbursements. The Education Department has increased the period in which Corinthian is refunded some disbursements to 21 days from 24-72 hours, Corinthian said in a regulatory filing.

  • Timken raises full-year earnings forecast Thursday, 19 Jun 2014 | 9:03 AM ET

    June 19- Ball bearings maker Timken Co raised its full-year earnings forecast due to increased demand for its products. The company said it expects full-year earnings from continuing operations of $2.40- $2.60 per share, above its previous estimate of $2.20- $2.50. Timken also authorized an additional 10 million share buyback program.

  • PARIS, June 19- State-controlled French utility EDF lost nearly 7 billion euros of its stock market value on Thursday as the Socialist government scrapped a planned increase in electricity prices in order to protect consumers.

  • *BlackBerry jumps in premarket after earnings. NEW YORK, June 19- U.S. stocks were set for a slightly higher open on Thursday, after four straight days of gains sent the S&P 500 to a fresh record high, as initial jobless claims data indicated strengthening of the labor market.

  • TOKYO, June 19- State-run Japan Oil, Gas and Metals National Corp could accelerate its investment in oil and gas resources in the long term, as it looks to ensure stable commodity supplies for the world's No.3 economy.

  • *Continuing claims lowest since October 2007. WASHINGTON, June 19- The number of Americans filing new claims for unemployment benefits dipped more than expected last week, pointing to strengthening labor market conditions.