Latest Business News Wires - Business Headlines


  • July 21- Hasbro Inc, the second-largest U.S. toymaker, reported lower-than-expected quarterly revenue as sales of its games and preschool products fell for the second straight quarter.

  • NEW YORK, July 21- Major global stock markets declined and bond prices rallied on Monday as worries over the Gaza Strip and Ukraine overshadowed optimism over corporate earnings.

  • MILAN, July 21- Italy's data protection regulator has given Google 18 months to change the way it treats and stores user data, bringing to an end an investigation that is part of a European drive to reform the internet giant's privacy practices.


  • *Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

  • Ex-Autonomy CFO opposes HP shareholder settlement Monday, 21 Jul 2014 | 11:22 AM ET

    July 21- A former chief financial officer of Autonomy Corp is opposing a settlement between Hewlett-Packard Co executives and directors and the company's shareholders over HP's troubled $11.1 billion acquisition of the British software company.

  • UPDATE 1-Canada to impose sanctions on Russian sectors Monday, 21 Jul 2014 | 11:18 AM ET

    OTTAWA, July 21- Canada will impose sanctions on a broad range of entities related to various Russian industries in response to action in Ukraine and to the shooting down of a Malaysian airliner over eastern Ukraine, Prime Minister Stephen Harper said on Monday.

  • July 21- Portfolio manager Will Danoff, who oversees $110 billion in Fidelity Investments' Contrafund, has warned that "elevated valuations" are lurking in the high-growth sector of the stock market, causing more risk for investors.

  • July 21- Allergan Inc, which is fighting off a hostile bid from Valeant Pharmaceuticals International Inc, said on Monday that it would cut 13 percent of its global workforce as part of a restructuring meant to boost profits over the next six years.

  • But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.

  • LONDON, July 21- Zinc and aluminum prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper's gains were curbed by worries over China's property sector and over a build-up of stocks.

  • *U.S. 30- year bond yield falls to lowest since June 2013. Treasury debt prices rose on Monday on safe haven demand heightened by investor caution over turmoil in the Middle East and growing geopolitical tension following the downing of a Malaysian Airlines aircraft.

  • FOREX-Dollar holds steady as world stock markets fall Monday, 21 Jul 2014 | 11:01 AM ET

    *Euro rebounds from five-month low vs dollar, above $1.35. NEW YORK, July 21- The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine.

  • *Lockheed Martin, Airbus and Boeing are still in the race. COPENHAGEN, July 21- Swedish defense company Saab has dropped out of a tender to supply Denmark with up to 30 fighter jets, the Danish Defense Ministry said on Monday, confirming an earlier report.

  • July 21- Upscale jeweler Tiffany& Co said Michael Kowalski, its chief executive of 15 years, would retire next year and President Frederic Cumenal would succeed him. Cumenal joined Tiffany in 2011 after a 15- year stint at Louis Vuitton brand owner LVMH Group, where he was most recently the president and CEO of French champagne maker Moet& Chandon SA.

  • LONDON, July 21- European shares fell on Monday as fighting erupted in eastern Ukraine, while sales data from French carmaker Peugeot raised concern about demand from emerging markets. Peugeot's shares fell 3.8 percent after it said deliveries fell 25.8 percent in Russia, 26.8 percent in Latin America and 37.2 percent in Africa and the Middle East.

  • *EMC jumps on report of activist investor stake. NEW YORK, July 21- U.S. stocks fell on Monday, following the sharpest moves in indexes in the past three months during the two previous sessions, as developments in Ukraine and the Gaza Strip continue to garner investor focus.

  • July 21- Portfolio manager Will Danoff, who oversees $110 billion in Fidelity Investments' Contrafund, warned that "elevated valuations" were lurking in the high-growth sector of the stock market, causing more risk for investors.

  • NEW YORK, July 21- BNP Paribas SA's $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks.

  • GAZA/ JERUSALEM, July 21- The Palestinian death toll in an Israeli offensive in the Gaza Strip rose above 500 on Monday as the army said it had killed 10 militants who tunnelled into Israel, while Gazan officials said an Israeli tank shelled a hospital, killing civilians.