Latest Business News Wires - Business Headlines


  • *Oil slips below $110, near 7- week highs on Ukraine. NEW YORK, April 28- A slide in U.S. growth stocks led global equity markets to retreat on Monday from early gains on merger speculation driven by a bid for AstraZeneca, while crude oil prices fell on increased U.S. sanctions against Russia over the Ukraine crisis.

  • *Platinum outperforms as S.African mine strike grinds on. NEW YORK/ LONDON, April 28- Gold prices fell on Monday after pressure from stronger-than-expected U.S. home sales data pushed prices below a key level of $1,300 an ounce, prompting some investors to reduce bullion positions despite heightened geopolitical tensions.

  • MOSCOW, April 28- U.S. payment card firm MasterCard Inc will suspend services in the near future to cards issued by Russia's SMP bank and InvestCapitalbank, which were sanctioned on Monday by the United States, the payment company said.

  • *Comcast seeking regulatory approval for Time Warner Cable deal. April 28- Comcast Corp on Monday agreed to a three-way deal with Charter Communications Inc as part of Comcast's efforts to win regulatory approvals for its proposed $45 billion purchase of Time Warner Cable Inc..

  • *Federal Circuit revives claim by BP, Chevron, Shell. By a 2-1 vote, the U.S. Court of Appeals for the Federal Circuit reversed the dismissal of claims by BP Plc, Chevron Corp and Royal Dutch Shell Plc in a now 23- year-old case that their wartime contracts to produce gas to fuel military aircraft entitled them to reimbursement.

  • WASHINGTON, April 28- Two Democratic U.S. senators on Monday called on the Department of Transportation to urge owners of 2.6 million recalled General Motors cars to stop driving them until they are repaired, which could take months as dealerships wait for replacement ignition switches.

  • MOSCOW, April 28- Sergei Chemezov, who worked in the old communist East Germany at the same time as President Vladimir Putin, sits atop sprawling conglomerate Rostec, which has stakes in some of Russia's largest industries and partnerships with foreign companies.

  • *Hearing set in London court for May 27. The Serious Fraud Office charged three former traders at British bank Barclays- director of dollar fixed-income swaps Jay Merchant and dollar interest rate derivative traders Alex Pabon and Ryan Reich- with conspiracy to defraud in connection with its Libor inquiry.

  • LONDON, April 28- Britain's Serious Fraud Office on Monday said it had opened a criminal investigation into possible money laundering associated with corruption in Ukraine and had frozen $23 million of assets in the UK in relation to the case.

  • *Royal Mail shares still 55 pct above offer price. LONDON, April 28- Britain's financial regulator will not investigate the government's sale of Royal Mail, it said on Monday, rejecting calls from lawmakers who said a sharp rise in the firm's share price should have set alarm bells ringing.

  • LONDON, April 28- The international oil business played down U.S. sanctions against the head of Russian energy giant Rosneft on Monday, with traders and global companies forecasting "business as usual".

  • *Says escalation of Ukraine crisis would pose major risks. FRANKFURT, April 28- The European Central Bank should do "everything it can" to tackle low growth and inflation but euro zone governments must also shape up their economies, a senior International Monetary Fund official said on Monday.

  • *Germany unusual in not indexing its tax brackets. BERLIN, April 28- Germany, flush with surging tax revenues and strong economic growth, could lower income taxes in 2016 by eliminating "bracket creep", according to a growing number of voices in Angela Merkel's right-left coalition.

  • SANAA, April 28- Political turmoil is preventing Yemen and donor countries from channelling billions of dollars in foreign aid intended to rebuild the impoverished Arab country, a Yemeni official said on Monday.

  • American Realty in talks to buy NorthStar: Sources Monday, 28 Apr 2014 | 12:55 PM ET
    NorthStar Realty Finance website

    American Realty is in talks to buy NorthStar Realty, according to sources, in a deal that would combine a major property owner with a real estate financing company.

  • *First minister says Scotland would be "enthusiastic" EN member. *Oil-rich Scotland wants Europe but not euro. BRUGES, Belgium, April 28- An independent Scotland would be a more constructive member of the European Union than a reluctant Britain, Scottish first minister Alex Salmond said on Monday.

  • LONDON, April 28- Britain's Serious Fraud Office said it had opened a criminal investigation into possible money laundering associated with corruption in Ukraine and had frozen $23 million of assets in the UK in relation to the case. "For reasons of confidentiality we cannot say more at this time," the SFO, a government department, said in a statement on Monday.

  • *Impact of margin compression to grow for UAE banks- NBAD CEO. ABU DHABI/ DUBAI, April 28- National Bank of Abu Dhabi's chief executive warned on Monday that falling margins were beginning to squeeze banks in the United Arab Emirates, after the country's largest lender by market value reported flat first-quarter profit growth.

  • LONDON, April 28- Nickel retreated from 15- month highs on Monday as investors turned cautious about the metal making further gains and worries abated about the severity of U.S. economic sanctions against Russia, a major producer of the metal.

  • April 28- Energy Transfer Partners LP, owner of gasoline retailer Sunoco Inc, said it would buy Susser Holdings Corp and create a separate retail company as it focuses on its core pipeline business.