Latest Business News Wires - Business Headlines


  • TOKYO, April 25- Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine.

  • TOKYO, April 25- Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier to mark the biggest gain in more than two decades, offering the first glimpse on how Japan's sales tax hike is pushing up prices across the board.

  • FOREX-Dollar under pressure on rising Ukraine tension Thursday, 24 Apr 2014 | 8:11 PM ET

    *Dollar near 1- week low vs yen on rising Ukraine tensions. TOKYO, April 25- The dollar came under pressure against the yen on Friday as rising tension in Ukraine undermined optimism about U.S. economic growth following strong U.S. durable goods data.

  • DIARY - Emerging Markets Economic Events to May 7 Thursday, 24 Apr 2014 | 8:02 PM ET

    April 25- For other related diaries, please. MEXICO CITY- Central Bank of Mexico publishes monetary policy statement. MOSCOW- Russian Central Bank holds rate setting meeting- 1000 GMT.

  • Defense contractor accused of selling phony parts Thursday, 24 Apr 2014 | 7:49 PM ET

    PORTLAND, Ore.— A new indictment accuses a Coos Bay, Ore., defense contractor of defrauding the military of $10.5 million by supplying phony truck and helicopter parts. The indictment was filed last week in U.S. District Court in Portland against Harold Ray Bettencourt, his company, Kustom Products Inc., and several family members and other employees.

  • NEW YORK, April 24- Allergan Inc approached Shire Plc in recent months about a possible takeover but was rebuffed, according to people familiar with the matter, in the latest example of a U.S. drugmaker seeking to buy an overseas rival to lower its tax rate.

  • Tokyo core CPI rises to 22-yr high after April tax hike Thursday, 24 Apr 2014 | 7:40 PM ET

    TOKYO, April 25- Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in Japan's sales tax drove up prices across the board. Consumer price data for the Tokyo area is released one month ahead of nationwide data.

  • The new company would be registered in the Netherlands and tax resident in the UK. Wren added that if the UK and the Netherlands did not approve the structure, the whole deal was at risk since "there is no Plan B", though Publicis said on Thursday it was confident the deal would still proceed.

  • April 24- The growing popularity of using fingerprints to unlock mobile phones and other devices is expected to drive growth at Synaptics Inc, which makes the chips enabling the technology popularized by Apple Inc's iPhone 5 S.

  • California smartphone 'kill switch' bill fails Thursday, 24 Apr 2014 | 7:26 PM ET

    SACRAMENTO, Calif.— A bill that would force electronics manufacturers to install a shut-off function in all smartphones narrowly failed in the state Senate on Thursday but could be revived later this spring. Mark Leno, D- San Francisco, responds to a crime problem that is exploding across the country.

  • April 24- Visa Inc, the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. President Barack Obama imposed sanctions on Russia in March after a standoff over Ukraine.

  • SAN FRANCISCO, April 24- Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.

  • Netflix joining lineup of 3 US cable-TV services Thursday, 24 Apr 2014 | 7:05 PM ET

    SAN FRANCISCO— Netflix's Internet video service is about to join the programming lineup of three small cable-TV providers in the U.S., a breakthrough that acknowledges the growing popularity of online entertainment.

  • Pandora narrows 1Q loss Thursday, 24 Apr 2014 | 6:54 PM ET

    The Oakland, Calif.- based company reported a loss of $28.9 million, or 14 cents per share, for the quarter that ended March 31. That's compared with a loss of $38.7 million, or 22 cents per share, last year. Analysts polled by FactSet were anticipating an adjusted loss of 14 cents per share on revenue of $177.7 million.

  • *America Movil takes operational control of Telekom Austria. VIENNA/ MEXICO CITY April 24- Mexican tycoon Carlos Slim plans to use Telekom Austria as a base to build up his presence in European telecoms after sealing a deal with the Austrian state to take control of the company.

  • NEW YORK, April 24- Corporate America is letting the sun shine in on second-quarter profit outlooks, raising hope that the first quarter's storms are past.

  • Convicted KPMG inside trader sentenced to prison Thursday, 24 Apr 2014 | 6:37 PM ET

    Scott London of Agoura Hills was sentenced Thursday in Los Angeles. Prosecutors say that over several years, London provided confidential client information to a friend, Bryan Shaw, who used it to make securities trades that reaped more than $1 million.

  • April 24- The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News. CNBC News reported that Bank of America's mortgage securities settlement could exceed $10 billion.

  • WASHINGTON, April 24- U.S. transportation regulators will propose a "comprehensive rulemaking package" next week to address standards for tank cars that carry volatile crude oil on the nation's railroads. "The proposal will include options for enhancing tank car standards," a Department of Transportation official said in an email to Reuters.

  • April 24- Privately owned activist fund Relational Investors LLC disclosed a 9.08 percent stake in Clean Harbors Inc, saying the hazardous waste manager is "undervalued," according to a regulatory filing.

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