Latest Business News Wires - Business Headlines


  • Family Dollar: States probing Dollar General bid Friday, 26 Sep 2014 | 6:14 PM ET
    A Family Dollar store on July 28, 2014 in Hollywood, Florida.

    Family Dollar Stores Inc said certain state attorney generals have notified it that they will investigate Dollar General Corp's takeover bid.

  • NEW YORK, Sept 26- Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm's executive committee that got progressively worse, according to sources familiar with the situation.

  • At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit. Carbon pricing, largely rejected by the United States and struggling in Europe, is suddenly all the rage, with China leading the charge.

  • Specialty chemicals maker PQ Holdings withdraws IPO Friday, 26 Sep 2014 | 6:02 PM ET

    Sept 26- Specialty chemicals maker PQ Holdings Inc, backed by Carlyle Group LP, said on Friday it has withdrawn its initial public offering of up to $450 million. Malvern, Pennsylvania- based PQ Holdings produces inorganic specialty chemicals used in industrial and consumer markets.

  • WASHINGTON, Sept 26- U.S. companies are increasingly less optimistic about the business outlook in China, and see growing competition from local rivals who get preferential treatment as a key challenge, a survey showed on Friday.

  • CALGARY, Alberta, Sept 26- Jim Prentice, the one-time federal minister and investment banker sworn in as premier of Alberta earlier this month, said on Friday the Canadian province must secure new oil-export pipelines to ensure the growth of its oil sands sector.

  • The SEC declined to comment. "After discussions with SEC staff, we intend to withdraw our request for an extension at the time we file the plan.

  • NEW YORK, Sept 26- U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.

  • CARACAS, Sept 26- Venezuela's bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.

  • DETROIT/ TOKYO, Sept 26- The safety recall in parts of the United States of millions of vehicles with potentially defective air bags made by Japan's Takata Corp may expand to include General Motors Co, according to documents filed this week with U.S. regulators.

  • Sept 26- Alimera Sciences Inc and pSivida Corp said the U.S. Food and Drug Administration approved their vision-loss treatment Iluvien, following three rejections. Iluvien, which will compete with Regeneron Pharmaceuticals Inc's Eylea and Roche AG's Lucentis, is expected to be available in the United States in early 2015..

  • Brown, a crusader against the role that Wall Street banks play in commodity markets, warned that Congress would write new laws if the CFTC and foreign regulators were unable to fix what he called "ongoing irregularities" in the market.

  • NEW YORK/ WASHINGTON, Sept 26- An influential U.S. senator wants to hold hearings into "disturbing" issues raised by secretly taped conversations between Federal Reserve supervisors and officials at Goldman Sachs Group Inc, a bank the Fed was tasked with policing.

  • BOSTON, Sept 26- Oracle Corp warned customers on Friday that more than 30 products are vulnerable to the "Shellshock" bug, including its high-end Exadata computer systems.

  • Sept 26- U.S. wheat exports should not be hurt by the second discovery of experimental Monsanto Co. genetically modified wheat growing in a U.S. state where it was not approved, industry leaders said on Friday, because the wheat is not believed to be in commercial channels.

  • *Gross exits Pimco, joins Janus Capital; bond prices fall. News that Gross, a Pimco co-founder who managed the $222 billion Pimco Total Return Fund, will be joining Janus Capital Group pressured short- and intermediate-dated U.S. Shares of Janus Capital ended up 43 percent at $15.89, the stock's best one-day advance in its history.

  • PARIS, Sept 26- BNP Paribas said on Friday its board had named Jean Lemierre, a former head of Europe's reconstruction bank, as the new chairman of France's biggest lender.

  • NEW YORK, Sept 26- The legal war between comic book art great Jack Kirby's heirs and Marvel Entertainment over the rights to Iron Man, Captain America and other superhero icons has ended, not with a climactic final battle but with a settlement announced Friday by both sides.

  • SAN FRANCISCO/ NEW YORK, Sept 26- Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL Inc.. Shares of Yahoo rose 4.4 percent to close at $40.60, while AOL jumped 3.7 percent to $44.55, both on Nasdaq.

  • WASHINGTON, Sept 26- The U.S. government on Friday said it has approved $2.5 billion in modifications and upgrades of used U.S. military vehicles that are to be sold separately to the United Arab Emirates as "excess" equipment.