GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *Southwestern to buy assets in Marcellus and Utica shale fields. Oct 16- Southwestern Energy Co said it would buy some oil and gas assets in the Marcellus and Utica shale fields in West Virginia and Pennsylvania from Chesapeake Energy Corp for about $5.37 billion. The deal is positive for Chesapeake and other Utica and Marcellus shale players as it marks the...

  • *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that helped ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • Getty fails to get injunction on Microsoft image widget Thursday, 16 Oct 2014 | 5:41 PM ET

    NEW YORK, Oct 16- Getty Images Inc has failed to convince a federal judge to halt Microsoft Corp's Bing Image Widget, which it said enabled massive copyright infringement, because the software company had already taken it down voluntarily. The multimedia photo and video agency sued Microsoft on Sept. 4 over the widget, which it said permitted the display of images...

  • WASHINGTON, Oct 16- The White House on Thursday nominated Michelle Lee to be director of the U.S. Patent and Trademark Office, which the former executive with Internet giant Google Inc has led on an acting basis since January. Her nomination is subject to approval by the U.S. Senate.

  • Oct 16- Schlumberger Ltd, the world's largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. "Strong activity in North America and robust growth in international areas... in spite of international sanctions in Russia, drove...

  • WASHINGTON, Oct 16- Free trade between the United States and China could generate annual combined economic gains of $460 billion for the two countries, according to new research from the Peterson Institute for International Economics. China stands to gain $330 billion, or 1.9 percent of gross domestic product, while the United States would benefit to the tune...

  • SanDisk's shares fell about 3 percent in extended trading, after the company also reported lower-than-expected revenue. SanDisk's net income fell to $262.7 million, or $1.09 per share, in the third quarter ended Sept. 28 from $276.9 million, or $1.18 per share, a year earlier, as expenses rose 9 percent. Excluding item, SanDisk earned $1.45 per share.

  • WASHINGTON, Oct 16- Apple's new iPad Air 2, announced on Thursday, will allow subscribers to switch wireless carriers much more easily, by swiping an icon across the screen of the device. The feature, available thanks to a neutral Apple SIM card installed in the device, will allow customers to sign up for short-term service plans and switch carriers using their...

  • In Qiqihar, a glimpse at China's slowdown Thursday, 16 Oct 2014 | 5:00 PM ET

    QIQIHAR, China, Oct 17- Qiqihar, an old industrial and agricultural hub in China's rust-belt northeastern province of Heilongjiang, offers a glimpse of what Beijing is anxious to avoid- the city's economy grew 5.2 percent in the first half of this year. That's just ahead of the province's 4.8 percent, the slowest in China- where growth nationally has slowed to 7.4...

  • With seizures up, Indian gold smuggling loses its shine Thursday, 16 Oct 2014 | 5:00 PM ET

    MUMBAI, Oct 17- Gold smuggling into India, the world's second-biggest consumer of the precious metal, is becoming more risky for couriers following a surge in seizures and less profitable for the gangs behind the practice. "Gold smuggling was highly profitable.... but now with the drop in premiums and tight security, legal imports are increasing," said Milind...

  • TOKYO, Oct 17- Japan's biggest utilities are blocking most new solar and other renewable energy from transmission grids, stirring concern among green power advocates that Japan favors restarting idled nuclear plants at the expense of other fossil-free supply. Seven out of Japan's 10 regional power monopolies have blocked further grid access for...

  • *Third-quarter net profit $1.86/ share vs est $1.94. Oct 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a lower-than-expected quarterly profit as it set aside more money to cover soured loans. The company's net income attributable to shareholders fell 2.9 percent to $1.06 billion, or $1.86 per share, for the...

  • COLUMN-Bretton Woods III or bust: James Saft Thursday, 16 Oct 2014 | 4:53 PM ET

    Oct 16- China is going to export capital, and either the U.S. puts it to good infrastructure use in a' Bretton Woods III' system or the world will face continued poor growth and high asset prices. Sanjeev Sanyal, global strategist at Deutsche Bank, calls it the Age of Chinese Capital, one in which the world's largest economy transitions to a consumer-driven model and...

  • WASHINGTON, Oct 16- Medicine costs would rise if draft proposals in a Pacific Rim trade pact come into force, health and consumer rights advocates said on Thursday after the release of a leaked negotiating text. The TPP's 12 members range from the United States and Japan to Malaysia and Vietnam, where equitable access to medicine is a priority, and Australia and...

  • NEW YORK, Oct 16- A former analyst at a San Francisco hedge fund who prosecutors say engaged in an "unparalleled" spree of tipping inside information he obtained from an executive at Foundry Networks Inc was sentenced on Thursday to five years in prison. District Judge Robert Patterson in Manhattan to pay $653,890 in fines and forfeitures for his role in a...

  • NEW YORK, Oct 16- The U.S. dollar recovered against the euro and yen on Thursday after stronger U.S. economic data reinforced the view that Wednesday's selloff in the greenback was overdone. "The data today was very important in that it provided reassurance that the U.S. economic outlook hasn't changed drastically," said Camilla Sutton, chief currency strategist...

  • Programmable chipmaker Xilinx's quarterly revenue rises Thursday, 16 Oct 2014 | 4:45 PM ET

    Oct 16- Programmable chipmaker Xilinx Inc reported a rise in quarterly revenue due to higher sales to industrial, aerospace and defense customers. The company's net income rose to $171.5 million, or 62 cents per share, in the second quarter ended Sept. 27 from $141.5 million, or 49 cents per share, a year earlier. Semiconductors made by Xilinx are sold off the shelf...

  • Oct 16- Pfizer Inc failed to convince the U.S. Food and Drug Administration to remove a black box warning on its controversial quit-smoking drug Chantix, with an advisory panel to the agency voting against the removal on Thursday. The panel agreed to revisit its stance on the warning label once data from Pfizer's post-marketing study of Chantix is available.

  • *Netflix tumbles after quarterly results. NEW YORK, Oct 16- The S&P 500 and Nasdaq eked out slight gains after another choppy session on Thursday as economic data eased fears about the potential effect of a weakening global economy on the United States. Providing some support to the market, St. Louis Federal Reserve Bank President James Bullard told Bloomberg...

  • SAN FRANCISCO, Oct 16- Struggling U.S. chipmaker Advanced Micro Devices Inc said on Thursday it was cutting 7 percent of its workforce and it gave a lower-than-expected revenue forecast for the current quarter, sending its shares lower. The company's third major round of job cuts since 2011 comes a week after AMD said Chief Executive Officer Rory Read had been...