Latest Business News Wires - Business Headlines


  • *Marathon fails to sell smaller UK business. OSLO, June 2- Marathon Oil Corp is to sell its Norwegian business for $2.1 billion to oil exploration group Det norske, part of plans to shed assets in Norway and Britain to free up cash for the U.S. firm's shale activities in the United States.

  • FDA approves Omeros eye drug Monday, 2 Jun 2014 | 7:15 AM ET

    June 2- Omeros Corp said the U.S. Food and Drug Administration approved its drug for use in cataract and lens replacement surgeries.

  • June 2- Canadian trucking company TransForce Inc said it would buy truckload transport and logistics company Transport America for $310 million, including debt, from private equity firm Goldner Hawn Johnson& Morrison Inc..

  • BANGKOK, June 2- Thailand's military government expects that backlogged applications from local and foreign investors to invest more than $21 billion will be acted on within two months, the junta's head of economic matters said on Monday.

  • Ventas to buy ARC Healthcare in $2.6 bln deal Monday, 2 Jun 2014 | 7:05 AM ET

    June 2- American Realty Capital Healthcare Trust Inc, a real estate investment trust focused on acquiring medical office buildings, said it would sell itself to rival Ventas Inc in a stock and cash deal valued at $2.6 billion. ARC Healthcare said Ventas would pay $11.33 per share, a premium of about 14 percent to the stock's Friday close.

  • METALS-Copper up on Chinese factory data Monday, 2 Jun 2014 | 6:39 AM ET

    LONDON June 2- Copper rose more than 1 percent on Monday, after its biggest monthly gain this year in May, helped by dwindling stocks, seasonal buying interest in top consumer China, and positive Chinese factory data.

  • LONDON/ BEIJING, June 2- Signs of an economic revival in China have raised hopes that Beijing's targeted measures to bolster growth are having an impact but a slowdown in the euro zone will increase expectations of policy easing there.

  • BERLIN, June 2- Annual inflation in Europe's largest economy likely slowed in May, data from German states suggested on Monday, probably pushing down the broader euro zone rate and raising pressure on the European Central Bank to act when it meets this week.

  • *Looking at up to 5 telecoms deals in Europe worth over $1 bln. MOSCOW, June 2- Russian billionaire Mikhail Fridman's Alfa-Group wants to invest billions of dollars of proceeds from the sale of oil firm TNK-BP into telecoms assets in Europe, looking to capitalise as the industry consolidates.

  • *Firms cite Ukraine crisis as reason for weak orders. WARSAW, June 2- Polish factory activity slowed unexpectedly in May yet Czech manufacturing grew at its fastest pace in two years, data showed on Monday, underlining Poland's exposure to the Ukraine crisis.

  • *Gold falls for fifth session, hits fresh 4- month low. LONDON, June 2- Gold fell for a fifth session on Monday, its longest losing streak in seven months, as rallying stock markets diverted interest from bullion, and ahead of the latest European Central Bank policy meeting and key U.S. data this week.

  • MOSCOW, June 2- Russia's Gazprom gave Ukraine on Monday an extension into next week to resolve a gas price dispute at the heart of the two countries' confrontation, a day before Moscow was due to switch off the gas unless Kiev paid in advance.

  • SEOUL, June 2- South Korea is likely to allow certain levels of the animal feed additive zilpaterol in beef from mid-July, a food ministry official said on Monday, delaying by one month the lifting of a ban on the growth enhancing drug.

  • TOKYO, June 2- Japanese insurer Dai-ichi Life Co is in advanced talks to buy U.S. peer Protective Life Corp in a deal that could be worth over $5 billion, extending a drive to buy assets abroad as an antidote to a weak domestic outlook.

  • *Record Wall St high, upbeat Chinese data lift Europe, Asia shares. LONDON, June 2- Reassuring Chinese factory data and another record high for Wall Street lifted world stocks and commodities on Monday, as markets waited to see how far the European Central Bank will go with policy easing plans this week.

  • The Markit/CIPS UK Manufacturing Purchasing Managers' Index inched down in May to 57.0 from 57.3, but stayed far above the 50 line that divides growth from contraction. "Sustaining the rebound and continuing to push towards rebalancing the UK economy towards manufacturing therefore remains critical.

  • *Asia beats Europe as world's largest solar market. FRANKFURT, June 2- Globally installed solar capacity will nearly triple over the next four years, boosted by strong growth in Asia, which dethroned Europe as the world's biggest solar market last year, according to a major industry association.

  • DUBAI, June 2- Dubai- based construction firm Arabtec Holding aims to float half of its Egyptian unit on the Cairo stock exchange in 2016 or 2017 in an initial public offer that would value the unit at around $10 billion, the firm said on Monday.

  • European shares gain after Chinese data Monday, 2 Jun 2014 | 4:14 AM ET

    *Strong PMIs help Spain but weakness returns to France. EDINBURGH, June 2- European shares started the month positively on Monday, buoyed by strong economic data from China that helped to allay concerns about growth rates in the world's biggest metals consumer.

  • LONDON, June 2- Euro zone manufacturing growth slowed more than initially thought last month, a business survey showed on Monday, likely fuelling expectations that the European Central Bank will ease policy this week.