Latest Business News Wires - Business Headlines


  • Sept 8- Banana producer Chiquita Brands International Inc said Fyffes Plc has granted it a waiver to engage in discussions with Cutrale and Safra Group regarding their $611 million takeover bid. Chiquita, which last month rejected the bid from the Brazilian companies, has been attempting to close a merger with Fyffes, announced in March.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil in the market.

  • LONDON, Sept 8- World share markets stalled on Monday as the threat of Scotland splitting from the rest of Britain leapt to the forefront of investors' attention, the latest in a recent run of geopolitical curveballs.

  • NEW YORK, Sept 8- U.S. stock index futures are modestly lower on Monday, but indexes remain near record levels, suggesting an upward momentum for equities that Morgan Stanley expects to continue. From current levels, Morgan Stanley's new target represents upside of 5.8 percent.

  • MOSCOW, Sept 8- Russian stocks and the rouble extended losses on Monday afternoon after the European Union announced new sanctions over Russia's actions in Ukraine despite Friday's peace deal between Kiev and separatist rebels.

  • *Sterling drops, shares fall, banks brace for Scotland vote. The survey prompted concern bordering on panic among Britain's ruling elite, with Prime Minister David Cameron's Conservative-led government promising proposals this week to grant Scotland greater autonomy if it stays.

  • Russia sees oil output edging down in 2015 Monday, 8 Sep 2014 | 8:43 AM ET

    MOSCOW, Sept 8- Russian oil production, a major source of government revenue, may decline slightly next year, having risen steadily since 2009, the Energy Ministry said on Monday. With Russia's $2 trillion economy heavily dependent on crude exports and on the brink of recession, oil production and prices are closely monitored by the Kremlin.

  • *Russia faces new European Union sanctions. MOSCOW, Sept 8- Russia signaled on Monday it might ban Western airlines from flying over its territory as part of an "asymmetrical" response to new European Union sanctions over the Ukraine crisis.

  • LONDON, Sept 8- The cost of hedging against near-term currency swings from a possible "Yes" vote at Scotland's independence referendum jumped on Monday, with the options market showing its greatest bias for sterling weakness against the dollar in more than two years.

  • BRUSSELS, Sept 8- European Union officials support Ireland's request to be allowed to pay back early the International Monetary Fund's part of its bailout because of the money it would save Dublin, a senior EU official said on Monday.

  • Sept 8- Campbell Soup Co on Monday reported lower-than-expected quarterly sales as markets for its soup and snack products remained sluggish. Shares of Campbell, which owns healthy food brand Bolthouse Farms as well as Pepperidge Farm snacks, were down 3.2 percent at $43.12 in trading before the market opened.

  • Hertz CEO Mark Frissora steps down Monday, 8 Sep 2014 | 8:10 AM ET

    Sept 8- Hertz Global Holdings Inc said Chief Executive Mark Frissora has stepped down for personal reasons. The car rental company's board appointed Hertz Equipment Rental Corp's head, Brian MacDonald, as interim CEO. Hertz also appointed independent lead director Linda Fayne Levinson as independent non-executive chair of the board.

  • LONDON, Sept 8- Sterling sank by the most in more than a year on Monday after a poll predicted for the first time this year that Scotland will vote for independence, prompting the biggest surge in market volatility since Britain's last general election. A YouGov survey for the Sunday Times was the first to put the "Yes" camp ahead, by 2 percentage points.

  • *Facebook to open Africa office in 2015. Knowing that there is all these people now in Africa that you can connect with, that is exciting as well, "said Nicola Mendelsohn, Facebook's vice president for Europe, Middle East and Africa.

  • --Neal Kimberley is an FX market analyst for Reuters. LONDON, Sept 8- Further falls in the value of the euro are the only logical conclusion after Thursday's European Central Bank policy moves and despite Friday's below-forecast U.S. jobs data.

  • NEW YORK, Sept 8- Yahoo Inc is one of the biggest movers in premarket trading on Monday, up 2.8 percent at $40.69 as the Nasdaq's most active name in anticipation of Alibaba Group Holding Ltd's initial public offering. Yahoo is a favorite way for investors to play Alibaba, the massive Chinese e-commerce company, given Yahoo's stake in the company.

  • *European markets hit by Scotland breakaway concerns. LONDON, Sept 8- European shares fell on Monday and traders said uncertainty as to whether a Ukraine ceasefire would hold and concerns over Scotland's independence referendum were prompting investors to trim their equity positions.

  • Sept 8- Citizens Financial Group Inc, the U.S. unit of Britain's Royal Bank of Scotland, said its initial public offering was expected to raise as much as $3.5 billion, making it the biggest U.S. offering by a bank this year.

  • Sept 8- Banana producer Chiquita Brands International Inc said Fyffes Plc has granted a waiver to engage in discussions with juice maker Cutrale and investment firm Safra Group regarding their $611 million takeover bid. Chiquita said it has sent a letter to the two firms, saying it was willing to hear another offer.

  • Sept 8- Campbell Soup Co on Monday reported a quarterly profit on strong sales in its Bolthouse business. Net income was $137 million, or 43 cents a share, in the fourth quarter ended on Aug. 3, compared with a year-earlier loss of $158 million, or 50 cents a share.