Latest Business News Wires - Business Headlines


  • Argentina resumes negotiations to avert default Monday, 28 Jul 2014 | 9:04 AM ET

    BUENOS AIRES, Argentina— Argentina's government is resuming negotiations in a dispute with US. creditors that risks sending the country into default this week. The creditors are hedge funds that bought Argentine bonds on the cheap and rejected Argentina's restructuring offers following its record $100 billion default in 2001..


  • UPDATE 1-Zillow to buy Trulia for $3.5 bln in stock Monday, 28 Jul 2014 | 9:02 AM ET

    July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery. Both Zillow and Trulia have been spending aggressivley on advertising, foregoing near-term profitability, to corner a bigger share of online spending on real estate listings.

  • *Dollar Tree offers to buy Family Dollar for $9.2 bln. *While merger and acquisition activity supported the market, there have been a number of high-profile earnings disappointments this quarter, including from Amazon.com and Caterpillar last week.

  • The EU has frozen assets and banned travel for some Russian officials, after Russia annexed Ukraine's Crimea region and began supporting separatists fighting Kiev's forces in eastern Ukraine.

  • Zillow buying Trulia in $3.5 billion stock deal Monday, 28 Jul 2014 | 8:49 AM ET

    NEW YORK— Real estate website operator Zillow is buying competitor Trulia in a $3.5 billion all-stock deal. Trulia's stock rose more than 14 percent in Monday premarket trading, while Zillow's stock fell more than 3 percent.

  • July 28- Shares of AcelRx Pharmaceuticals Inc plunged nearly 28 percent in premarket trading, after the U.S. Food and Drug Administration rejected its pain drug device, Zalviso, late on Friday. AcelRx said it would resubmit its marketing application for Zalviso by the end of the year, pending further discussions with the FDA.

  • Zillow to buy Trulia for $3.5 bln in stock Monday, 28 Jul 2014 | 8:39 AM ET

    July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock.

  • Virgin America files for IPO Monday, 28 Jul 2014 | 8:36 AM ET

    NEW YORK— Virgin America's next destination is Wall Street. Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. The Virgin Group's parent company, VX Holdings, has a 22.1 percent stake in Virgin America, the company said it in its filing.


  • Concerns about the potentially dangerous impact of hydraulic fracturing, or fracking, in the search for shale gas has prompted protests in Britain and outright bans on the practice in France and elsewhere.

  • July 28- Canadian power company TransAlta Corp said it would build a A $570 million gas power station in South Hedland, Western Australia. The 150- megawatt power station will supply to customers of state-owned Horizon Power in the Pilbara region and to Fortescue Metals Group Ltd's port operations, TransAlta said on Monday.

  • LONDON, July 28- "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton, who is one of the most respected economists writing about oil, made his bold prediction in a paper on "The Changing Face of World Oil Markets", published on July 20.

  • Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.

  • BUENOS AIRES, July 28- Argentina will send a negotiation team to New York on Monday for further talks with a U.S. court-appointed mediator in a debt dispute with "holdout" investors, cabinet chief Jorge Capitanich said, with just three days to go to avert a default.

  • *Russia stocks tumble anew after new sanctions, on legal issues. Russia warned the moves would hamper cooperation between the two and undermine the fight against terrorism, although Foreign Minister Sergei Lavrov said on Monday that Moscow would not impose tit-for-tat measures.

  • July 28- Tyson Foods Inc, the biggest U.S. meat processor, said it would sell its Mexican and Brazilian poultry businesses to JBS SA, the world's No. 1 meat producer, for $575 million. The company said it would use proceeds from the sale to pay down debt associated with its $7.7 billion acquisition of Hillshire Brands Co, which is expected to close in the current quarter.

  • *Court orders Moscow to pay $51 billion in Yukos case. MOSCOW, July 28- Shares in Russia's Rosneft fell more than the broad MICEX index on Monday after an international court ordered Moscow to pay $51 billion for expropriating the assets of the now-defunct oil producer Yukos, most of which were acquired by Rosneft in auctions.

  • European shares subdued as investors weigh earnings Monday, 28 Jul 2014 | 7:20 AM ET

    *FTSEurofirst 300 flat, Euro STOXX 50 up 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks traded flat on Monday, with strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser balancing concerns over the implications of new international sanctions on Russia.

  • AP Top Extended Financial Headlines At 7:15 a.m. EDT Monday, 28 Jul 2014 | 7:15 AM ET

    Dollar Tree buying peer Family Dollar Stores for approximately $8.5 billion Healthy sales, cheap yen help push Nissan quarterly profit up with North America, China growth Court orders Russia to pay investors over $50 B for expropriation of Yukos oil company Lands of opportunity: Foreign markets fueling growth of US tech trendsetters, other companies Tyson to sell Mexico, Brazil poultry operations for $575 million in cash Tyson third-quarter profit rises 4.4 percent Asian stock markets boosted by growth in Chinese corporate profits Meat supplier says China unit in food scandal fell short of standards, vows safety campaign Fracking: British government has opened the way for energy firms to explore for shale gas Nissan recalls more than 220,000 vehicles over faulty air bag, bringing total recall to 664 K