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Latest Business News Wires - Business Headlines

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  • WASHINGTON, Sept 25- Orders for long-lasting U.S. manufactured goods in August posted their biggest drop on record as the prior boost from aircraft unwound, but a rebound in business spending plans pointed to underlying strength in the manufacturing sector.

  • NEW YORK, Sept 25- MannKind Corp shares were among the most actively traded in premarket on Thursday, after the company said it had closed a licensing agreement with Sanofi for the development and commercialization of its inhaled insulin product. MannKind said it will receive a $150 million upfront payment within 10 days of the closing.

  • *China firing up mothballed smelters after price rise. *Graphic on China output: http://link.reuters.com/ceh48t. "You've moved the profitability of the industry dramatically this year, from most of it losing money to almost all of it being cash-positive... so the next risk is that you get restarts," Stephen Briggs, a metals strategist at BNP Paribas in London, said.

  • KIEV, Sept 25- Ukrainian President Petro Poroshenko said on Thursday he hoped a reformist parliamentary majority would emerge from an election next month to push through an ambitious reform programme to make the country more attractive as a European partner.

  • *Corn, soy rise ahead of USDA stocks report next week. PARIS/ SINGAPORE, Sept 25- Chicago wheat on Thursday pared overnight gains as operators feared that a rise in the dollar could hamper demand for U.S. supplies, after more than four months of mostly falling prices had reached levels that attracted buyers.

  • US STOCKS-Futures little changed ahead of data flurry Thursday, 25 Sep 2014 | 7:48 AM ET

    NEW YORK, Sept 25- U.S. stock index futures were little changed on Thursday, after the S&P 500 notched its biggest gain in a month, ahead of data on the labor market and durable goods. *Weekly initial jobless claims data, due at 8:30 a.m., may provide investors with some insight on the health of the labor market.

  • LONDON, Sept 25- Rosneft, Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley' s oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.

  • UPDATE 1-China, Spain sign business deals worth $4 bln Thursday, 25 Sep 2014 | 7:32 AM ET

    SHANGHAI/ BEIJING, Sept 25- China and Spain signed business deals worth about 3.2 billion euros on Thursday during a visit by Spanish Prime Minister Mariano Rajoy to the Asian powerhouse to drum up support for his country's economy.

  • LONDON, Sept 25- The yield premium U.S. Chicago Fed President Charles Evans said the Fed should be "exceptionally patient" in removing its monetary stimulus, while Cleveland Fed's Loretta Mester said the Fed should drop language saying it would hold rates near zero for a "considerable time."

  • European shares up, weaker euro seen boosting earnings Thursday, 25 Sep 2014 | 7:18 AM ET

    *Telecom Italia up on report businessman seeks finance for bid. LONDON, Sept 25- European shares extended the previous session's rebound on Thursday as a further drop in the euro fuelled expectations of a boost to the region's corporate earnings. Federal Reserve and the European Central Bank.

  • DUBAI, Sept 25- Shares in Dubai retailing and restaurants start-up Marka jumped 59 percent on Thursday in the first flotation on the emirate's main stock market since 2009, showing a hunger for fresh equity among local retail investors. Marka shares closed at 1.59 dirhams on the Dubai Financial Market, up from their initial public offer price of 1.00 dirham.

  • *Euro breaks below $1.27, lowest for 22 months. LONDON, Sept 25- The euro fell on Thursday to an almost two-year low against a dollar that is on track for its longest winning streak since the early 1970 s, as investors anticipate that European and U.S. monetary policy will head in opposite directions.

  • DETROIT, Sept 25- Kevyn Orr will end his 18- month term as Detroit's emergency manager this week, leaving a city still mired in operational and fiscal uncertainty and arguing in court for approval of its bankruptcy plan.

  • Companies like Whirlpool and Caterpillar are making costly additions to their otherwise sinewy supply chains to compensate for aging U.S. roads that are too potholed and congested for "just in time" delivery. Whirlpool, for instance, has set up a network of secure drop lots outside Chicago, Milwaukee and Minneapolis.

  • Sept 25- For nearly a quarter-century, traders around the world have looked to a spot in Louisiana for the best price of U.S. natural gas.

  • *Libya production rises, Hariga port back to normal. LONDON, Sept 25- Brent crude oil dipped further below $97 a barrel on Thursday as abundant supply and a strong dollar outweighed concerns about threats to supply posed by fighting in the Middle East. Brent fell by 10 cents to $96.85 a barrel by 1031 GMT.

  • KUALA LUMPUR, Sept 25- Malaysia's Petroliam Nasional said on Thursday that it could pull out of its $10 billion liquefied natural gas project in Canada due to what it sees as the country's slow progress on a new taxation scheme.

  • *Russian 2015-16 pipe supplies to Gazprom to rise to 2 mln t/yr. MOSCOW, Sept 25- Russian pipemakers are benefiting from the standoff between Russia and the West, receiving multi-billion-rouble orders as work on new pipelines to Europe and Asia is fast-tracked, the owner of trading firm PIT told Reuters.

  • RUSSIAN PIPEMAKERS TO BOOST SUPPLIES TO GAZPROM IN 2015-16 TO 2 MLN T PER YEAR VS 1.2 MLN T IN 2014- PIT.

  • The South Pacific nation began exports this year from Exxon Mobil Corp's $19 billion PNG LNG project, the largest private investment in the nation's history. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.