Latest Business News Wires - Business Headlines


  • FACTBOX-M&A frenzy transforming global pharma Monday, 14 Jul 2014 | 9:27 AM ET

    July 14- Several multi-billion dollar deals and bids have made 2014 a busy year for healthcare acquisitions, despite Pfizer pulling its $118 billion offer for AstraZeneca.

  • NEW DELHI, July 14- India's inflation eased in June after the new government curbed farm exports, but a growing risk that drought will damage summer crops could encourage the central bank to keep interest rates on hold at a policy review meeting early next month.

  • July 14- Dubai- based carrier Emirates Airlines said it signed a 12- year agreement with General Electric Co for the maintenance, repair and overhaul of its new GE9X engines. The $13 billion order is for engines that will power the 150 Boeing 777 X jets that Emirates is buying from Boeing Co for $56 billion.

  • *Gold on track for biggest 1- day drop since early December. LONDON, July 14- Gold prices slid more than 2 percent on Monday as concerns over the euro zone periphery faded, triggering a rebound in stock markets and prompting bullion investors to cash in gains after last week's rise to 3-1/ 2 month highs. "Gold was catapaulted higher on the European debt woes...

  • TORONTO, July 14- Bombardier Inc's long-delayed CSeries aircraft program received a big boost on Monday, when the company announced two tentative orders for a total of up to 24 jets worth nearly $1.6 billion. Montreal- based Bombardier said it had signed an agreement with Chinese carrier Zhejiang Loong Airlines Co Ltd for 20 of its CSeries jetliners.

  • *Default risks hurting PT's planned merger with Brazil's Oi. LISBON/ PARIS, July 13- Investors in Portugal Telecom, and notably its Brazilian merger partner Grupo Oi, should know by Tuesday whether more than $1 billion it lent in April to a vehicle of the troubled Espirito Santo family is being repaid on time.

  • July 14- Hospital operator Kindred Healthcare Inc raised its offer for Gentiva Health Services Inc to $16 per share, valuing the home healthcare services provider at about $2.53 billion. The sweetened offer represents a premium of 87 percent to Gentiva's May 14 close, a day before Kindred made public its offer of $14 per share.

  • NEW YORK, July 14- Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the government faced a new crisis on July 30 unless it engages in real talks.

  • MADRID, July 14- Spanish wireless networks provider Gowex filed for bankruptcy on Monday, a week after an accounting fraud at the firm was revealed, while the High Court said its founder could face a jail sentence of more than 10 years. Following his testimony before the High Court on Monday, Garcia Martin had his passport seized and was banned from leaving Spain.

  • FARNBOROUGH, England, July 14- U.S. planemaker Boeing said on Monday leasing firm Avolon had committed to buying six 787-9 aircraft and five additional 737 MAX 9 planes worth over $2 billion at list prices.

  • July 14- Citigroup Inc reported a stronger-than expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts, taking the sting out of a $7 billion settlement with the Justice Department over flawed mortgage securities.

  • MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender controlled by billionaire financier André Esteves.

  • NEW YORK, July 14- U.S. stocks were poised for a higher open on Monday after the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on track to rebound from its worst weekly decline since April.

  • *Move aimed towards making drugs more affordable in India. MUMBAI, July 14- India has capped the prices of more than 100 drugs used to treat diseases ranging from diabetes to HIV, a move likely to hit the profit margins of drug firms such as Sanofi SA, Abbott Laboratories and Ranbaxy Laboratories Ltd..

  • COLUMN-The real shale revolution: Kemp Monday, 14 Jul 2014 | 8:45 AM ET

    LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.

  • FARNBOROUGH, England, July 14- Boeing said on Monday that China's Okay Airlines had ordered six 737 MAX 8 planes and four 737-800 aircraft, worth $980 million at list prices.

  • LISBON, July 14- Portugal's top bank was under new management on Monday, installing a respected economist as chief executive under pressure from the central bank after worries about the lender's links to the financially troubled Espirito Santo empire had unsettled international markets.

  • July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said it took a related pre-tax charge of about $3.8 billion in the second quarter. Citigroup's shares were up 3.9 percent at $48.82 in premarket trading on Monday.

  • Uganda's exports were virtually flat last year, totalling $2.89 billion, a notch up from $2.80 billion in 2012.. The country, which is a member of the East African Community trading bloc, also joined the Common Market for Eastern and Southern Africa, a free trade area, this month.

  • July 14- Nordic Aviation Capital has placed an order for up to 75 ATR 42-600 aircraft in a deal valued at over $1.55 billion, the Danish company said on Monday. The order included 25 firm orders and 50 options and deliveries will commence in 2015 through to 2020, it said.