Latest Business News Wires - Business Headlines


  • Aug 25- Time Warner Inc's Turner cable division is preparing to offer buyouts targeting 500 to 600 staffers, or roughly 4 percent or its workforce, according to a person familiar with the company. During a quarterly earnings call on Aug. 6, Time Warner executives said the reorganization would likely be material in the second half of the year.

  • NEW YORK, Aug 25- A New York broker went on trial on Monday over a U.S. securities regulator's claims he participated in a scheme designed by a Morgan Stanley employee to profit from the death of terminally ill patients through variable annuity sales.

  • WINNIPEG, Manitoba, Aug 25- Four monkeys survived the Ebola virus after being injected with a vaccine that included Immunovaccine Inc's technology, the tiny Canadian company said on Monday, and the announcement sent its stock soaring.

  • NEW YORK, Aug 25- The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday but still managed to close at a record high, buoyed by financials and biotechnology stocks.

  • SAN FRANCISCO, Aug 25- Amazon.com Inc has agreed to buy live-streaming gaming network Twitch for more than $1 billion, the Wall Street Journal reported, citing two people familiar with the matter. Twitch and Amazon were not immediately available for comment.

  • NEW YORK, Aug 25- Brent crude oil edged higher on Monday while U.S. crude fell in light trading, as support from geopolitical tensions in Ukraine and Libya offset ample supplies and anticipated weak demand after a slew of disappointing economic data from the United States and Europe.

  • NEW YORK, Aug 25- The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six-year rally which has benefited many Americans from Wall Street to Main Street. "I continue to think this bull market has several years to go," said Steven Einhorn, vice chairman of hedge fund Omega, which manages $10.5 billion.

  • NEW YORK, Aug 25- The dollar rose to its highest level against the euro in nearly a year on Monday as weak German economic data and comments by European Central Bank chief Mario Draghi encouraged bets on looser euro zone monetary policies.

  • SAN FRANCISCO, Aug 25- A U.S. judge cast doubt on Monday over a proposed agreement struck between Hewlett-Packard Co and plaintiff shareholders to settle a lawsuit over the computing giant's botched acquisition of Autonomy Plc.

  • NEW YORK, Aug 25- The S&P 500 briefly hurdled above 2,000 for the first time on Monday, with financials and biotechnology stocks lifting the benchmark index to a record as investors make equities their asset of choice.

  • *Lonmin to cut South African workforce 21 pct- sources. NEW YORK/ LONDON, Aug 25- Gold slipped on Monday, hovering near its lowest in two months, under pressure from a stronger U.S. dollar and from rallying global financial markets. Gold fell 0.3 percent at $1,277.19 an ounce by 1:52 p.m. EDT.

  • JOHANNESBURG/ LONDON, Aug 25- The chief executive of platinum producer Lonmin denied assertions from mining industry sources on Monday that the company aimed to cut around 5,700 jobs as part of a drive to restore profits after a five-month strike.

  • SAN FRANCISCO, Aug 25- Amazon.com Inc is in discussions to acquire Twitch, the live-streaming gaming network that Google Inc had reportedly expressed an interest in buying, tech blog The Information reported on Monday, citing two people familiar with the matter.

  • FACTBOX-Best and worst of S&P from March 2009 low Monday, 25 Aug 2014 | 1:51 PM ET

    Aug 25- The S&P 500 broke through the 2,000 mark on Monday, a capstone in a rally that has seen the index nearly triple from its March 9, 2009, closing low of 676.53 points in the wake of the financial crisis. Priceline +1,530.3 Keurig Green +1,506.3. FirstEnergy Corp -10.0 Avon Products -6.8.

  • CHICAGO, Aug 25- CME Group Inc, the world's largest futures exchange operator, said it halted trading on its electronic platform for four hours on Monday because of a technical issue resulting from planned software reconfigurations.

  • WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead. "The housing market continues to recover," said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • SAN FRANCISCO, Aug 25- A U.S. judge cast doubt on Monday over a proposed agreement struck between Hewlett Packard Co and plaintiff shareholders to settle a lawsuit over the computing giant's botched acquisition of Autonomy Plc. At a hearing on Monday in San Francisco, U.S.

  • Tax savings spur Tim Hortons-Burger King talks Monday, 25 Aug 2014 | 1:17 PM ET
    A Burger King restaurant in San Francisco.

    The companies confirmed late on Sunday that they were discussing a takeover of Tim Hortons by Burger King.

  • TORONTO, Aug 25- Shares of Canadian medical marijuana producers Bedrocan Cannabis Corp and OrganiGram Holdings Inc jumped as they began trading on the TSX Venture exchange on Monday with investors expecting fast-growing demand in the fledgling industry. The companies are the first major alternatives to Tweed Marijuana Inc, which was listed in April.

  • *Engine Capital says Ann could fetch as much as $2.52 bln. Engine Capital LP, which along with Red Alder LLC controls "in excess of 1 percent" of Ann's stock, said in a joint letter to the company that Ann would be worth $50- $55 per share to a private equity firm or even more to a "strategic buyer".