Latest Business News Wires - Business Headlines


  • WASHINGTON, May 14- A U.S. appeals court on Wednesday affirmed a decision by the International Trade Commission that Apple Inc was innocent of violating three patents owned by Samsung Electronics to make its iPhones and iPads. The ITC had said in June 2013 that Apple did not infringe on the Samsung patents.

  • UPDATE 3-Allianz calls on Pimco to reverse investor flight Wednesday, 14 May 2014 | 12:18 PM ET

    FRANKFURT, May 14- German insurer Allianz has called on its California- based asset manager Pimco to prove itself after investors withdrew a further 22 billion euros in the first quarter, denting group earnings.

  • *Producer prices up 0.6 percent, largest rise in 1-1/ 2 years. WASHINGTON, May 14- U.S. producer prices recorded their largest increase in 1-1/ 2 years in April as food prices surged, in a potential sign inflation pressures may be creeping up. The Labor Department said on Wednesday its producer price index rose 0.6 percent, the biggest gain since September 2012.

  • *IBM CFO EXPECTS HARDWARE PROFITS TO GROW IN 2015 Wednesday, 14 May 2014 | 11:56 AM ET
  • *Sears Holdings says it may put Sears Canada up for sale. May 14- Sears Holdings Corp said on Wednesday that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.

  • MARIKANA, South Africa, May 14- South Africa's police minister vowed to crack down on violence against platinum miners who were trying to return to work and arrest "within hours" strikers he said were behind a campaign of intimidation.

  • MOSCOW, May 14- Russia will restart gas talks with Ukraine if its new leaders pay off at least part of its gas debt, Prime Minister Dmitry Medvedev said on Wednesday, softening Moscow's stance in a dispute that has raised fears of a new "gas war".

  • Nickel due to let off more steam, but rally to power on Wednesday, 14 May 2014 | 11:38 AM ET

    *Indonesia ban akin to cut-off of Saudi supplies in oil. LONDON/ SINGAPORE, May 14- Nickel is likely to see a deeper retreat than Wednesday's 5 percent fall, but it is also due to bounce back as long as top exporter Indonesia keeps squeezing supply and stainless steel producers can absorb higher prices.


  • *Citi believes deal is imminent, to be priced well for Gazprom. MOSCOW, May 14- China and Russia's Gazprom are making a final push to clinch a long-delayed natural gas deal but have yet to iron out price differences, a Beijing official said on Wednesday, ahead of next week's state visit by Russian president Vladimir Putin.

  • US STOCKS-Wall St edges lower as small-caps again weigh Wednesday, 14 May 2014 | 11:20 AM ET

    NEW YORK, May 14- U.S. stocks edged lower on Wednesday, with the Dow and S&P 500 both coming off their record closing highs, though losses were concentrated in small-cap names.

  • NEW YORK, May 14- Benchmark government bond yields in the U.S. and Germany fell sharply on Wednesday after sources told Reuters a European Central Bank rate cut next month is "more or less a done deal," while U.S. stocks edged off recent record highs. UK yields also fell after the Bank of England said it was in no hurry to raise rates.

  • LONDON, May 14- AstraZeneca's boss said on Wednesday he would engage with Pfizer if the price was right and the risks posed from forcing the British drugmaker's operations into the U.S. company's new three-unit model were addressed.

  • UPDATE 5-Brent rises close to $110 on U.S. oil stocks data Wednesday, 14 May 2014 | 11:13 AM ET

    *Libya's western El Feel oilfield resumes output- NOC. LONDON, May 14- Brent futures rose to nearly $110 a barrel on Wednesday, reaching a two-week high, on a draw in some crude oil stocks in the United States and the deteriorating situation in the Ukraine. Brent crude for June delivery was up 77 cents at $110.01 a barrel at 1457 GMT after closing up 83 cents.

  • NEW YORK, May 14- The British pound fell from a 16- month high versus the euro and dropped to a one-month low against the dollar on Wednesday after the Bank of England surprised investors by saying it has no plans for near-term monetary tightening.

  • U.S. crude oil production hits 28-year high - EIA Wednesday, 14 May 2014 | 10:56 AM ET

    May 14- Domestic crude oil production in the United States hit 8.43 million barrels per day last week, the highest level since October 1986, weekly data from the U.S. Energy Information Administration showed on Wednesday. The EIA output data is an estimate and includes lease condensates produced alongside oil.

  • European shares pause as broadcasters sag after updates Wednesday, 14 May 2014 | 10:55 AM ET

    *Media stocks lead fallers as Mediaset, ITV disappoint. The STOXX Europe 600 media index fell 1.2 percent, the worst performer among sector indexes, as disappointing results by broadcasters ITV and Mediaset cast a shadow on a strong reporting season so far for the industry.

  • BRATISLAVA, May 14- Measures taken against Russia after its annexation of Ukraine's Crimea region are already "starting to bite", U.S. EU foreign ministers hinted this week that any disruption of the elections could trigger new economic sanctions against Russia.

  • May 14- Activist investor Starboard Value LP accused Darden Restaurants Inc of trying to disenfranchise shareholders by delaying holding a special meeting to vote on a proposal to halt plans to spin off or sell its struggling Red Lobster seafood chain.

  • MOSCOW, May 14- Russian Energy Minister Alexander Novak and European Energy Commissioner Guenther Oettinger agreed on Wednesday to meet on May 19 in Berlin to set a date and place for three-way talks with Ukraine. Novak and Oettinger agreed on the meeting during a telephone call, Russia's energy ministry said in a statement.