Latest Business News Wires - Business Headlines


  • MEXICO CITY/ NEW YORK, Dec 19- Mexico and the United States finalized a pact on Friday to end a months-long sugar dispute that threatened to escalate into a broader trade battle. The two countries have settled on agreements that will avoid hefty duties on imports of sugar from Mexico, the U.S. Department of Commerce said in a statement. In a deal hammered out after...

  • US regulators close small Minnesota bank Friday, 19 Dec 2014 | 7:38 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Northern Star Bank, based in Mankato, Minnesota. BankVista, based in Sartell, Minnesota, agreed to assume all of Northern Star Bank's deposits and to purchase essentially all of the failed bank's assets. Northern Star Bank's failure is expected to cost the federal deposit insurance fund $5.9...

  • LOS ANGELES, Dec 19- Sony Pictures said on Friday it is looking for alternatives to release "The Interview" after it scrapped the Christmas Day theatrical opening of the screwball comedy at the center of a cyberattack on the studio blamed on North Korea. On Wednesday, Sony canceled the theatrical release of the film depicting the assassination of North Korean...

  • Jailed ex-billionaire's lawyers seek his release Friday, 19 Dec 2014 | 7:29 PM ET

    That would give his client time to obtain documents related to the 2011 sale of a Mexico resort in defiance of an earlier court order, Ferrigno wrote in his request. A second attorney, Philip Stillman, said he received a collect telephone call from Blixseth on Friday from the Missoula County jail. Blixseth, 64, founded Montana's Yellowstone Club and was blamed for...

  • SAN FRANCISCO, Dec 19- A U.S. judge on Friday rejected Hewlett-Packard Co's proposed settlement of shareholder litigation involving the information technology company's botched acquisition of Autonomy Plc. District Judge Charles Breyer in San Francisco wrote that the settlement may not have been fair for shareholders because it broadly released HP from...

  • BRASILIA/ SAO PAULO, Dec 19- Brazil pledged on Friday to suspend financial support for state development bank BNDES next year, marking a major policy shift that will help trim billions of reais in subsidies that have weighed down public finances. The decision was announced by Paulo Rogerio Caffarelli, the finance minister's No. 2 official, at the end of a...

  • WASHINGTON, Dec 19- Lockheed Martin Corp's fledgling energy business will reach about $700 million in revenue in 2014 and should provide steady growth for the Pentagon's No. 1 supplier in coming years, a company official said in an interview. He said energy orders were far from overtaking core work on fighter jets, Navy ships or missile defense equipment, but...

  • Judge: Family Dollar can vote on Dollar Tree buyout Friday, 19 Dec 2014 | 6:49 PM ET

    DOVER, Del.— A Delaware judge says stockholders of Family Dollar Stores Inc. can vote on proposed $8.5 billion acquisition by Chesapeake, Virginia- based Dollar Tree Inc.. But some Family Dollar shareholders want the vote postponed until the board reviews a deal with Dollar General Corp., which has also bid for Matthews, North Carolina- based Family Dollar.

  • Grand Canyon awards temporary services contract Friday, 19 Dec 2014 | 6:48 PM ET

    FLAGSTAFF, Ariz.— The National Park Service has averted a shutdown of some of the Grand Canyon's iconic hotels and mule rides by awarding a temporary contract for services at the canyon's South Rim. The one-year contract goes to Xanterra Parks& Resorts Inc., which has been providing those services for decades. Xanterra President and CEO Andrew Todd said the...

  • Final Glance: Drug Benefits companies Friday, 19 Dec 2014 | 6:41 PM ET

    NEW YORK— Shares of some top drug benefits companies were up at the close of trading:. CVSCaremark rose$. 18 or. 2 percent, to $95.70. Express Scripts Holding Co. rose$. 49 or. 6 percent, to $80.97.

  • Final Glance: Food companies Friday, 19 Dec 2014 | 6:41 PM ET

    ConAgra Foods Inc. rose$. 28 or. 8 percent, to $36.86. General Mills Inc. rose$. 30 or. 6 percent, to $53.81. Hormel Foods Corp. rose$. 25 or. 5 percent, to $52.28.

  • Final Glance: Restaurant companies Friday, 19 Dec 2014 | 6:41 PM ET

    Brinker International Inc. fell$. 27 or. 5 percent, to $57.11. Chipotle Mexican Grill Inc. fell $4.18 or. 6 percent, to $651.42. Darden Restaurants Inc. fell$. 35 or. 6 percent, to $57.37.

  • Final Glance: Medical Devices companies Friday, 19 Dec 2014 | 6:41 PM ET

    Allergan rose$. 45 or. 2 percent, to $212.63. Baxter International Inc. rose$. 41 or. 6 percent, to $74.48. Boston Scientific Corp. fell$. 11 or. 8 percent, to $13.15.

  • Final Glance: Insurance companies Friday, 19 Dec 2014 | 6:41 PM ET

    Aflac Inc. rose$. 86 or 1.4 percent, to $61.18. American International Group rose$. 77 or 1.4 percent, to $55.78. MBIA fell$. 02 or. 2 percent, to $9.30.

  • Final Glance: Silver companies Friday, 19 Dec 2014 | 6:41 PM ET

    Hecla Mining Co. rose$. 15 or 5.6 percent, to $2.81. Pan American Silver Corp. rose$. 13 or 1.4 percent, to $9.63. Silver Standard Resources Inc. rose$. 14 or 2.9 percent, to $4.96.

  • Final Glance: Health Care Equipment companies Friday, 19 Dec 2014 | 6:41 PM ET

    Becton, Dickinson& Co. fell$. 62 or. 4 percent, to $139.81. Covidien plc fell$. 32 or. 3 percent, to $102.90. PerkinElmer rose$. 65 or 1.5 percent, to $43.77.

  • Final Glance: Railroad companies Friday, 19 Dec 2014 | 6:41 PM ET

    Canadian National Railway Co. fell$. 60 or. 9 percent, to $66.85. Canadian Pacific Railway Ltd. fell$. 64 or. 3 percent, to $190.93. Kansas City Southern rose $2.27 or 1.9 percent, to $120.29.

  • Final Glance: Tools and Appliances companies Friday, 19 Dec 2014 | 6:41 PM ET

    General Electric Co. rose$. 48 or 1.9 percent, to $25.62. Snap-On rose$. 01 or percent, to $136.96. Whirlpool Corp. fell$. 79 or. 4 percent, to $189.73.

  • Final Glance: Drugstore companies Friday, 19 Dec 2014 | 6:41 PM ET

    CVSCaremark rose$. 18 or. 2 percent, to $95.70. Rite Aid fell$. 01 or. 1 percent, to $6.77. Walgreen fell $1.15 or 1.5 percent, to $73.23.

  • NYSE stocks posting largest volume increases Friday, 19 Dec 2014 | 6:41 PM ET

    NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Alamos Gold Inc.: Approximately 9,562,100 shares changed hands, a 1,452.4 percent increase over its 65- day average volume. The shares rose$. 12 or 1.6 percent to $7.45.