Latest Business News Wires - Business Headlines


  • UPDATE 1-Steelmaker Evraz's U.S. unit files for IPO Friday, 26 Sep 2014 | 1:05 PM ET

    Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares.

  • MOSCOW, Sept 26- Russia's Finance Ministry may support leading banks, including those under Western sanctions, with some of the profits of the central bank next year, as well as by other means, Finance Minister Anton Siluanov said.

  • MOSCOW, Sept 26- Russia's newly approved budget rests on optimistic GDP forecasts as well as high oil prices, forcing the government to work hard to meet its projected growth rates, Finance Minister Anton Siluanov said.

  • Sept 26- RadioShack Corp shareholder Standard General LP said it was in talks to improve the troubled electronics retailer's cash position ahead of the crucial holiday season. Standard General said it also raised its stake in RadioShack to 9.8 percent from 7.08 percent, becoming the company's largest shareholder.

  • SAN FRANCISCO, Sept 26- Activist investor Starboard Value LP said on Friday it has acquired a significant stake in Yahoo Inc and urged the struggling Internet company to cut costs, monetize its Asian assets and seek a "strategic combination" with AOL Inc..

  • WASHINGTON, Sept 26- The Obama administration on Friday proposed changes to current lending rules toward military personnel and their families, to expand protections from predatory practices on a wider variety of loans and financial products such as credit cards.

  • US STOCKS-Yahoo, AOL rally after Starboard comments Friday, 26 Sep 2014 | 12:38 PM ET

    NEW YORK, Sept 26- Shares of both Yahoo Inc and AOL Inc jumped in afternoon trading on Friday, turning sharply higher after Starboard Value LP urged a strategic combination of the companies.

  • UPDATE 1-Nike shares spike as profit beats estimates Friday, 26 Sep 2014 | 12:36 PM ET

    Sept 26- Nike Inc's shares rose as much as 11 percent to a record high after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting at least 13 brokerages to raise their price targets on its stock.

  • Daimler works council to meet UAW union in Alabama Friday, 26 Sep 2014 | 12:34 PM ET

    FRANKFURT/ DETROIT, Sept 26- Daimler's works council boss will travel to the carmaker's factory in Alabama, United States, to explore possibilities for improving worker representation at a plant that is a key target for the United Auto Workers union.

  • NEW YORK, Sept 24- Cyberark Software Ltd was the Nasdaq's biggest gainer on Wednesday, with the stock soaring on massive volume in its trading debut. The stock opened at $25, well above its initial public offering price of $16, and added to those gains in afternoon trading.

  • WASHINGTON, Sept 26- The U.S. economy grew at its fastest pace in 2-1/ 2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year. "It increases our confidence that strong growth is obtainable in the second half of this year," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.

  • Sept 26- Activist investor Starboard Value LP said Yahoo Inc should consider a strategic combination with AOL Inc to save more than $1 billion in costs. Starboard also urged Yahoo to cut expenses and look for ways to generate value for shareholders from its stakes in Alibaba Group Holding Ltd and Yahoo Japan Corp..

  • Steelmaker Evraz's U.S. unit files for IPO Friday, 26 Sep 2014 | 12:29 PM ET

    Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares. Citigroup and Goldman Sachs& Co were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus on Friday.

  • SAO PAULO, Sept 26- Brazil's President Dilma Rousseff has regained the momentum in an election race that looks too close to call just a week before the first round of voting, using a wave of attacks to halt a surge by challenger Marina Silva.

  • NEW YORK, Sept 26- Shares of Janus Capital soared on Friday, with the stock on track for its best one-day advance in its history, after Janus said famed bond investor Bill Gross would join the company. A source familiar with the matter told Reuters that the development came a day before Pimco and its parent, German insurer Allianz SE, planned to dismiss Gross.

  • NEW YORK, Sept 26- Creditors suing Argentina over defaulted debt will not object to Citigroup Inc's request to put on hold a U.S. court order preventing it from processing an imminent payment issued under Argentina's local laws, a source said Friday.

  • LONDON, Sept 26- The London Metal Exchange, looking to boost profits, has scope for a significant hike to its trading fees whilst remaining competitive with arch U.S. rival CME Group.

  • RIO DE JANEIRO, Sept 26- Brazilian steelmaker Usiminas said on Friday its board had dismissed Chief Executive Julian Eguren in a divided vote, as two controlling stakeholders clashed over the appointment of senior managers in the firm.

  • From $1.27 on Friday, predictions by some of the currency market's top 10 banks including Goldman Sachs, Barclays and Morgan Stanley point to the first retreat for the euro to parity or near-parity with the dollar in more than a decade.

  • NEW YORK, Sept 26- Bill Gross, one of the bond market's most renowned investors, on Friday quit Pimco, the huge investment firm he co-founded more than 40 years ago and with which his name has been effectively synonymous, for Janus Capital Group, a distant rival in the asset management arena.