Latest Business News Wires - Business Headlines


  • ZURICH, Dec 22- Tiffany& Co on Sunday cut its full-year outlook following a Dutch court ruling that it must pay Swatch Group 402 million Swiss francs in damages.

  • NEW YORK, Dec 22- With the U.S. "It's been a strong year, and I wouldn't be surprised if investors closed out their year today," said Doug Foreman, co-chief investment officer of Kayne Anderson Rudnick Investment Management in Los Angeles, in an interview late last week.

  • HONG KONG, Dec 22- Chinese leader Xi Jinping has exhorted the People's Liberation Army "to get ready to fight and win wars" and "to win regional warfare under information technology-oriented conditions." China had help- and it came from European Union headquarters in Brussels, just down the road from Leuven.

  • WASHINGTON, Dec 22- President Barack Obama's healthcare law could have a "meltdown" and make it difficult for his Democratic Party to keep control of the U.S. Senate next year if ongoing problems with the program are not resolved, a Democratic senator said on Sunday.

  • Chase expands hours in response to Target breach Sunday, 22 Dec 2013 | 10:57 AM ET

    NEW YORK, Dec 22- JPMorgan Chase& Co said it would open more than a third of its branches on Sunday to assist customers affected by the recent data breach at Target Corp.. Target said on Thursday that computer hackers had stolen data from as many as 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season.

  • IMF says will raise U.S. economic growth forecast Sunday, 22 Dec 2013 | 10:03 AM ET

    WASHINGTON, Dec 22- The International Monetary Fund predicts the U.S. economy would expand at a faster pace next year, given positive economic data and some signs of compromise in Congress, the head of the Washington- based lender said on Sunday. "Growth is picking up," Lagarde said on NBC's "Meet the Press."

  • BOSTON, Dec 22- The massive data breach disclosed by retailer Target Corp last week is likely to teach its U.S. customers a painful lesson in payment card security and build support for an anti-fraud technology now sitting on the shelf. The delay may prove costly to Target's U.S. customers.

  • DOHA, Dec 22- Mesaieed Petrochemical Holding Co, a unit of state-owned energy giant Qatar Petroleum, will conduct a 3.2 billion- riyal initial public offering of its shares in the local market next month, officials said on Sunday. It would be the first IPO since 2010 in Qatar's stock market, after the global financial crisis froze issuance.

  • WASHINGTON, Dec 22- As debate rises in Washington over the first thaw in relations between Iran and the United States in decades, powerful oil companies are opting for an unusual tactic: silence.

  • WASHINGTON, Dec 22- In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis.

  • *JPMorgan puts global company cash pile at over $5 trln. They spent nearly $3 trillion on buybacks globally since 2008, Thomson Reuters data shows, a rise of more than $150 billion from the 2002-2007 period. European M&A is down nearly a quarter on last year to $511 billion, according to Thomson Reuters data.

  • Finnish city Oulu sees light at end of Nokia tunnel Sunday, 22 Dec 2013 | 4:10 AM ET

    OULU, Finland, Dec 22- From early December, the Finnish city of Oulu is trapped in darkness for all but a few murky midday hours, a darkness some feared might be matched by its economic prospects after big local employer Nokia hit the skids.

  • Dec 22- Below are the top 10 ranked investment banks for European equity capital markets deals, which includes working on new stock market listings, bonds convertible into shares, and sales of new or existing stock by already listed companies. For a story on banks running short on experienced dealmakers, click. Source: Thomson Reuters, data correct as of Dec. 18.

  • Lean years leave banks short of savvy dealmakers Sunday, 22 Dec 2013 | 4:00 AM ET

    *Volatile markets deter companies from raising funds, floating, M&A. LONDON, Dec 22- Years of quiet deal markets in Europe have left a generation of junior investment bankers with little opportunity to cut their teeth, and, with many senior staff let go, banks are finding themselves short on experience as business stirs again.

  • TOKYO, Dec 22- Japan's government plans to issue 155.1 trillion yen in government bonds in the fiscal year that begins in April, the first planned year-on-year reduction in JGB issuance since 2008, according to officials with knowledge of the process.

  • SEOUL, Dec 22- South Korea's Hyundai Group said on Sunday it plans to raise more than 3.3 trillion won by selling off its three financial units and taking other steps to ease concerns over affiliates' high levels of debt.

  • *Filmmaker survived dangerous boat passage to Italy from Libya. ROME, Dec 22- Seven years ago, Dagmawi Yimer was "between life and death" when Italian navy officers rescued him and 30 others from a skiff in heavy seas between Libya and the island of Lampedusa.

  • SEOUL, Dec 22- South Korea's Hyundai Group said on Sunday it plans to raise more than 3.3 trillion won by selling off its three financial units and taking other measures to address a liquidity crunch. Hyundai Securities Co Ltd will be among the units offered for sale, the group said in a statment.

  • Now stretching 40,000 hectares and expected to expand further, Li's farm near Ussuriysk is the biggest in Russia's Far East and one of the largest foreign-invested agricultural projects in the country.

  • Boeing on Saturday said its offer was still valid, countering suggestions at a union rally last Thursday that said there was no offer because the local leaders had rejected it. "The terms of Boeing's enhanced contract offer to the IAM on December 12 stand," Boeing spokesman Doug Alder said in an email. "

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