GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • Jan 29- Bankrupt drugmaker Dendreon Corp has reached a stalking-horse deal with Canada's Valeant Pharmaceuticals International Inc to sell the worldwide rights to its cancer vaccine, Provenge, and certain assets for $296 million. The deal is subject to higher and better bids and extended the bid deadline to Feb. 10 for interested parties to participate in an...

  • *China funds committed to short view, continue selling- trader. Copper's price weakness has been wrapped up in broader macroeconomic uncertainty, exacerbated by the slide in oil, rather than because of copper's own fundamentals, said Joel Crane, of Morgan Stanley in Melbourne. "Copper failed to break the double bottom at $5,350 last night so that spurred a bit of...

  • TOKYO, Jan 30- Japan's core inflation slowed for a fifth month in December and is seen pressured further by collapsing oil, putting more distance to the central bank's 2 percent price target even as other data point to a steady recovery for the recession-hit economy. The big question for policymakers is whether Japan can skirt the faltering economies in Asia and...

  • *Gold up over 6 pct in Jan despite worst week since Nov. SINGAPORE, Jan 30- Gold edged up on Friday after falling more than 2 percent to a two-week low overnight on concerns over a looming increase in U.S. interest rates, with bullion still on track for its biggest weekly drop in two months. Gold's 2.2- percent drop overnight was its steepest since mid-December.

  • JGBs dip on rise in U.S. yields, share prices Thursday, 29 Jan 2015 | 9:45 PM ET

    TOKYO, Jan 30- Japanese government bond prices dipped on Friday as stock prices and U.S. bond yields rose and ahead of two long-dated bond auctions next week. The 10- year JGB yield rose a half basis point to 0.290 percent while the 20- year yield ticked up 1.0 basis point to 1.055 percent. Still, the market was supported by expectations of buying by the Bank of Japan,...

  • SAN FRANCISCO, Jan 29- Google Inc plans to keep making ambitious and costly bets on futuristic products, even if it means shelving some of its most beloved projects. The comments by Chief Financial Officer Patrick Pichette during Thursday's quarterly results conference call struck a decidedly different tone from Google's talk earlier this month of Glass "...

  • Valeant to buy worldwide rights to Dendreon's Provenge Thursday, 29 Jan 2015 | 9:29 PM ET

    Jan 29- Valeant Pharmaceuticals International Inc said it would buy the worldwide rights of Dendreon Corp's Provenge drug and certain other assets through a "stalking horse" deal for $296 million. Seattle- based Dendreon filed for bankruptcy protection in November, after sales of its cancer vaccine fell short of expectations and left the company deep in debt.

  • SINGAPORE, Jan 30- Oil prices dipped in early trading on Friday following slight gains in the previous sessions, and analysts said the outlook remained weak with production high and producers reducing operating costs to adjust to lower export revenues. Benchmark Brent crude oil futures opened Friday's trading with losses, opening at $49.15 a barrel at 0100...

  • SAN FRANCISCO, Jan 29- After years of giving investors the cold shoulder, Amazon.com Inc is starting to warm up to Wall Street. This was a shift in tone for Amazon, which typically refuses to disclose more than the most basic details, including how many members belong to its $99- a-year Prime program or if its wide-ranging investments are paying off.

  • *SoftBank bucks weakness after Alibaba's revenue disappoints. TOKYO, Jan 30- Japan's Nikkei share average rose on Friday as strong company earnings in the United States and at home from the likes of Nomura Holdings and Advantest Corp buoyed investors' risk appetite. Nomura Holdings Inc rose 3.1 percent after reporting the biggest jump in its quarterly profits...

  • MELBOURNE, Jan 30- London copper edged up on Friday but was set to close the week lower, facing its longest weekly losing streak in more than six years as fragile economic growth and ample supply take a toll on prices. *The most-traded April copper contract on the Shanghai Futures Exchange slipped 0.4 percent to 39,360 yuan a tonne. *Macquarie Group Ltd is in talks to...

  • *Q1 earnings $2.53 per class A share vs. estimate $2.49. Jan 29- Visa Inc, the world's largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday due to a good holiday season and a strengthening U.S. job market that encouraged people to spend. Visa, which earns money from both the volume and value of transactions using its...

  • SINGAPORE, Jan 30- Gold edged higher on Friday after falling more than 2 percent to a two-week low overnight on concern over a looming increase in U.S. interest rates, with bullion remaining on track for its biggest weekly drop in two months. *Spot gold was up 0.4 percent at $1,261.16 an ounce weakest since Jan. 15. Gold's 2.2- percent drop overnight was its steepest...

  • MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat in early trade. On Thursday, major U.S. indexes surged almost 1 percent or more as Apple Inc and Boeing Co extended their gains after strong earnings reports this week. Data released before the market open showed the availability of jobs in Japan rose to the highest level in more than two...

  • NEW YORK, Jan 29- With a scheduled trial just four weeks away, the former chairman of American International Group Inc said New York's attorney general should abandon his nearly decade-old fraud case against him, calling it a waste of taxpayer dollars in pursuit of a hollow "trophy" victory. The non-jury trial, scheduled for Feb. 24 in Manhattan before State Supreme...

  • SEOUL, Jan 30- U.S. crude futures held above $44.50 a barrel on Friday as U.S. jobless data signaled further strength in the world's largest economy, while the market awaits more U.S. economic and Chinese PMI data for direction. *U.S. crude futures gained 10 cents to $44.63 a barrel as of 0005 GMT. Crude settled up 8 cents at $44.53 a barrel in the previous session,...

  • *Nationwide Dec core CPI up 2.5 pct yr/yr vs f'cast +2.6. TOKYO, Jan 30- Japan's core consumer inflation slowed for a fifth straight month in December hit by collapsing oil prices, keeping the central bank under pressure to meet its ambitious 2 percent inflation target. The pick-up in output backs up the Bank of Japan's argument that a solid economic recovery will...

  • Japan factory output rises 1.0 pct in December Thursday, 29 Jan 2015 | 6:57 PM ET

    TOKYO, Jan 30- Japan's industrial output rose 1.0 percent in December from the previous month, government data showed on Friday, a sign the economy is gradually emerging from the doldrums. The rise compared with a median market forecast for a 1.3 percent increase. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 6.3...

  • UPDATE 1-U.S. FDA approves Bristol-Myers, J&J HIV pills Thursday, 29 Jan 2015 | 6:35 PM ET

    Jan 29- The U.S. Food and Drug Administration on Thursday approved two fixed-dose HIV pills that combine protease inhibitors- one made by Bristol-Myers Squibb Co and the other by Johnson& Johnson- both with a boosting agent produced by Gilead Sciences Inc.. Bristol-Myers said its drug, Evotaz, is a once-daily pill containing Reyataz, also known as atazanavir, a...

  • RPT-Japan Dec core CPI rises 2.5 pct yr/yr Thursday, 29 Jan 2015 | 6:35 PM ET

    TOKYO, Jan 30- Japan's core consumer prices rose 2.5 percent in December from a year earlier, government data showed on Friday. The so-called core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, rose 2.1 percent in the year to December. Core consumer prices in Tokyo, available a month before the...