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  Home > Finance > Business News
 Latest Business and Finance News
New York says Barclays move to toss fraud case should be denied [Reuters]
NEW YORK (Reuters) - New York's attorney general said on Tuesday that Barclays Plc's motio ...Detail
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Adobe revenue misses on disappointing digital media sales  [Reuters] 16 Sep, 2014
(Reuters) - Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, hurt by lower sales at its digital media business, which includes the Creative Cloud softwa ...
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U.S. auto regulators defend role in GM recall after report  [Reuters] 16 Sep, 2014
WASHINGTON (Reuters) - Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors' failure to promptly report and recall cars with defective parts that led to at least 1 ...
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Wall St. climbs as expectations shift on Fed policy  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday.
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Adobe revenue misses estimate  [Reuters] 16 Sep, 2014
(Reuters) - Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday.
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Wall St. ends up as views shift on Fed's next move  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks ended higher on Tuesday, with the S&P 500 notching its best performance in a month after a news report shifted investor expectations for the Federal Reserve's policy statement Wednesday.
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New data shows Americans' incomes still stagnant after recession  [Reuters] 16 Sep, 2014
WASHINGTON (Reuters) - In what has become a recurring theme in America's long slog back from the 2007-09 recession, most U.S. households again saw no noticeable increase in their income last year.
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Global firms 'need new tax rules'  [BBC News] 16 Sep, 2014
Moves to tackle corporate tax avoidance on a global scale are unveiled by the Organisation for Economic Co-operation and Development (OECD).
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Allergan reaches truce with suitors on special shareholder meeting  [Reuters] 16 Sep, 2014
(Reuters) - Allergan Inc has agreed not to throw up any roadblocks to a special shareholder meeting on Dec. 18, giving Pershing Square Capital Management a chance to attempt its threatened replacement of Allergan board members.
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Biotechs bounce after three-day slide  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - Biotech stocks were trading higher on Tuesday, putting the Nasdaq biotechnology index on track to snap a three-day losing skid heading into the latter stages of trading.
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S&P 500 powers on in a market without big pullback  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - For all of those waiting for a correction in U.S. stocks, here's the news: you may have already missed it.
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Roller-coaster debate over new Fed tool may get resolved this week  [Reuters] 16 Sep, 2014
NEW YORK/SAN FRANCISCO (Reuters) - There is a distinct chance U.S. Federal Reserve officials will rewrite their strategy for normalizing monetary policy this week given signs that a roller-coaster debate over a new tool for contro ...
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Russians urged 'don't panic'  [BBC News] 16 Sep, 2014
USD:RUB intraday chart Russian authorities urged people not to panic on Tuesday as the rouble fell to a new all-time low against the US dollar amid concerns about the effect of sanctions on the country's economy.
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Dow hits record on shifting views over Fed's next move  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks rose on Tuesday with the Dow Industrials hitting a record intraday high as markets reacted to wavering expectations over the language the Federal Reserve will use Wednesday to describe its next pol ...
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GT Advanced Technologies put options volume on the rise  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - Put buyers were driving a second day of heavy volume in GT Advanced Technologies Inc's options and the company's shares were down 1.5 percent on Tuesday as a week-long slide in the company's sha ...
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Smallcaps rise modestly; technical 'Death Cross' looms  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - Smallcaps stocks reversed early losses to edge higher on Tuesday, though the Russell 2000 index hovered near a technical milestone that could signal further declines.
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Wall St. higher on uncertainty over Fed's next move  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were rising on Tuesday with markets reacting to wavering expectations over the language the Federal Reserve will use Wednesday to describe its future interest rate policy.
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Alibaba options to be listed on ISE on Sept. 29 pending IPO  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - Alibaba Group's options will be listed on International Securities Exchange Holdings' options exchanges on Sept. 29 pending the company's public sale of shares this week, ISE said on Tuesday.
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Amid coffee rivalry, McDonald's Canada to sell java in grocery stores  [Reuters] 16 Sep, 2014
TORONTO (Reuters) - McDonald's Corp is making its McCafe ground coffee available in Canadian grocery stores this month, the fast-food giant said on Tuesday, part of its broader campaign to win market share in a country long d ...
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Bank of America forgoes $6 billion with slimmer consumer strategy  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executi ...
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Weakness in A/D line a sign for caution: Cantor  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were higher on Tuesday, but despite the gain in major indexes the ratio of advancing stocks to declining ones was weak, which Cantor Fitzgerald sees as a sign of markets becoming stretched.
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GM to boost output of mid-sized pickups in U.S., add jobs  [Reuters] 16 Sep, 2014
DETROIT (Reuters) - General Motors Co will add a third shift and 750 jobs at its Missouri assembly plant to build more of its new mid-sized pickup trucks, the No. 1 U.S. automaker said on Tuesday.
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Bosses and cash vanish at shoe firm  [BBC News] 16 Sep, 2014
Chinese footwear firm Ultrasonic has announced the disappearance of its chief executive and chief operating officer, along with most of its cash.
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Wall St. ticks higher, led by energy; Apple drags  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were rising on Tuesday, with energy stocks posting their best day in more than a month as crude prices bounced back.
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Energy sector shows signs of life after selloff  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - Energy shares were trading higher on Wall Street Tuesday, putting the S&P energy index on track for a second straight day of gains as oil prices showed signs of stabilizing.
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Alibaba options to be listed on ISE on Sept. 29 pending IPO: spokesperson  [Reuters] 16 Sep, 2014
(Reuters) - Alibaba Group's options will be listed on International Securities Exchange Holdings' options exchanges on September 29 pending the company's public sale of shares, an ISE spokesman said on Tuesday.
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European stress tests to challenge banks' political defences  [Reuters] 16 Sep, 2014
DUBLIN/FRANKFURT (Reuters) - For the first time since its financial crisis struck in 2008, Europe is carrying out stress tests that could force change at banks with strong political connections.
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U.S. CEOs gloomier about hiring, spending plans: survey  [Reuters] 16 Sep, 2014
(Reuters) - U.S. chief executive officers are gloomier about their plans for hiring and capital expenditures over the next six months, and are more wary about their sales prospects, according to a quarterly survey from the Busines ...
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Wall St. flat, but oil price lifts energy stocks; eyes on Fed  [Reuters] 16 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were little changed on Tuesday, though energy stocks were up for a second session as crude prices edged higher.
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Sindh to freeze wheat issue price at Rs 3450/100 kg  [Business Recorder] 16 Sep, 2014
KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has approved the previous issue price of wheat at Rs 3450 per 100 kg for current financial year to maintain the flour price.He said that the provincial government had earmarked Rs 3 ...
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UPS to hire up to 95,000 temp workers for holiday season  [Reuters] 16 Sep, 2014
(Reuters) - United Parcel Service Inc is almost doubling the number of seasonal employees it hires for this year's holiday shopping season as it aims to avoid a repeat of last year's network breakdown during the crucial ...
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