GO
Loading...

Latest Business News Wires - Business Headlines

More

  • NEW YORK, Dec 22- U.S. stocks rose for a fourth straight session on Monday, with the S&P 500 ending at a record as large-cap technology shares rose, though continued weakness in crude oil prices weighed on the energy sector.

  • BEIJING, Dec 23- New players in China's shadow banking sector are growing rapidly despite attempts to clamp down on opaque lending, taking advantage of a regulatory anomaly to prosper but also raising the risks of a build-up of debt in the slowing economy. Authorities have sought to rein in the riskiest elements of less-regulated lending after a series of...

  • In 1988, Wang left the army and borrowed 1 million yuan to start a real estate company in Dalian, northeast China. He attracted global firms such as Wal-Mart Stores Inc and Macquarie Group as partners. Now the company that pioneered mixed-use commercial developments in China is making its market debut on Tuesday in Hong Kong's biggest stock listing since 2010,...

  • *U.S. crude falls more than $2 intraday; Brent down over $1. NEW YORK, Dec 22- Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not...

  • UPDATE 1-CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 3:43 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • Dec 22- The U.S. Food and Drug Administration approved Bristol-Myers Squibb Co's skin cancer drug, more than three months before the scheduled review date. The drug is the second PD-1 inhibitor to be approved by the FDA, the first being Merck& Co Inc's Keytruda in September. The FDA was scheduled to review the drug on March 30.

  • HOUSTON, Dec 22- Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive and keep debt in check. With oil prices down more than 40 percent since June, some companies, including ConocoPhillips, have slashed spending by 20 percent.

  • Mexico to auction high speed mobile spectrum in 2015 Monday, 22 Dec 2014 | 3:14 PM ET

    MEXICO CITY, Dec 22- Mexico said on Monday it planned to auction high-speed mobile phone spectrum in 2015 for the first time in five years as the government seeks to ramp up competition in a sector long dominated by tycoon Carlos Slim. Mexico's government completed a major telecommunications reform in 2014 designed to loosen the hold Slim's America Movil has...

  • NEW YORK, Dec 22- Equity markets worldwide edged higher on Monday after rising expectations for more European stimulus supported shares in the region, while year-end buying underpinned U.S. stocks. Anticipation of outright government bond buying from the European Central Bank and greater political stability in Greece boosted European bourses.

  • *Gilead falls as Express Scripts picks AbbVie treatment. *Dow boosted by gains at Intel, IBM. The S&P energy index fell 1.2 percent as the day's weakest sector; Chevron Corp lost 1 percent to $111.76 while Halliburton Co was off 2.2 percent at $39.61.

  • BRUSSELS, Dec 22- Short, snappy and focused on two priorities- reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took over the chairmanship of the 28- nation European Council this month, put his...

  • *U.S. crude falls back near $55/ barrel. NEW YORK/ LONDON, Dec 22- Gold dropped nearly 2 percent and silver slid 3 percent on Monday, triggering automatic sell orders in thin pre-holiday dealings as oil prices eased back toward $55 per barrel. Spot gold was down 1.8 percent at $1,174.21 an ounce at 2:24 p.m. EST.

  • Dec 22- Goldman Sachs Group Inc has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. Reuben Brothers has a history in steel and iron ore investments through its metal trading company Metalloyd. In April, the firm sold its stake in Erus Metals, a small warehousing company based...

  • FDA approves Bristol-Myer's skin cancer drug Monday, 22 Dec 2014 | 2:32 PM ET

    Dec 22- The U.S. Food and Drug Administration granted an accelerated approval to Bristol-Myers Squibb Co's drug for an advanced form of skin cancer. The drug, Opdivo, inhibits the action of the protein PD-1, which prevents the body's immune system from attacking melanoma tumors. The FDA's approval comes well before its scheduled review date of March 30.

  • Dec 22- Hong Kong said Monday it has suspended imports of certain U.S. poultry and poultry products because strains of avian influenza have been identified in the United States, marking the second foreign market to issue such a ban. No human cases involving either viral strain have been detected in the United States or Canada, and there are no immediate public...

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • Dec 22- Procter& Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands. The company will also sell its Talisman facility in Mexico to Unilever. The Cincinnati- based company sold its Duracell battery business to Berkshire Hathaway Inc in November and its pet food business in...

  • Dec 22- The largest U.S. pharmacy benefit manager said on Monday it has lined up a cheaper price for AbbVie Inc's newly approved hepatitis C treatment and, in most cases, will no longer cover Gilead Sciences Inc's treatments after trying for nearly a year to win a deeper discount. Express Scripts' move reignited investor concerns that pharmaceutical companies...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...

  • P&G to sell soap brands Camay and Zest to Unilever Monday, 22 Dec 2014 | 1:54 PM ET

    Dec 22- Procter& Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount, to focus on its faster-growing brands.