Latest Business News Wires - Business Headlines


  • MSCI to keep Sberbank and VTB in MSCI Russia Index Saturday, 9 Aug 2014 | 4:56 AM ET

    MOSCOW, Aug 9- Sanctions-hit Sberbank and VTB bank, Russia's largest lenders, will be kept in the MSCI Russia Index, index compiler MSCI said late on Friday.

  • DUBAI, Aug 9- Abu Dhabi National Energy Co, the state-owned oil explorer and power supplier, has suspended its activity at the Atrush Block in Kurdistan due to the instability in the region, a company statement said on Saturday.

  • Russia banned meat, fish, dairy, fruit and vegetables imports from the United States, the European Union's 28 member states, non-EU member Norway, Canada, and Australia on Thursday in retaliation against sanctions over the Ukraine crisis.

  • MEXICO CITY, Aug 8- Two workers died after being overcome by a burst of flames in an accident that also injured 11 at a refinery in northern Mexico, state-run oil company Pemex said on Friday.

  • LAS VEGAS, Aug 8- John McAfee, the flamboyant anti-virus software industry pioneer, made a surprise appearance at a computer hackers' conference on Friday evening, where he unveiled a new website to give people a place online to vent their anger.

  • Aug 8- The lawyer overseeing a General Motors Co fund set up to compensate victims of accidents caused by faulty ignition switches in its cars said he received claims for cases involving 63 deaths. Feinberg, who started taking claims from Aug. 1 and will continue until Dec. 31, will determine the number of claims eligible for payments and final payouts.

  • Aug 8- Snapchat Inc's financing talks with China's Alibaba Group Holding Ltd are over, Bloomberg reported, citing people familiar with the matter. Discussions between the two companies have not been active for some time, Bloomberg said, citing other people familiar with the matter.

  • DIARY - Top Economic Events to Aug 23 Friday, 8 Aug 2014 | 8:01 PM ET

    Federal Reserve Board Vice Chairman Stanley Fischer, Bank for International Settlements Chief Economist Claudio Borio, Sveriges Riksbank Governor Stefan Ingves and Deputy Governor Karolina Ekholm will attend.

  • RIO DE JANEIRO, Aug 8- Profit at Brazilian state-run oil company Petrobras slumped 20 percent in the second quarter from a year earlier, the company said on Friday, as rising fuel imports, debt costs and operating expenses offset higher output and prices.

  • Aug 8- The lawyer overseeing a General Motors Co fund set up to compensate victims of accidents caused by faulty ignition switches in its cars has received claims for 63 deaths cases, the Associated Press reported, citing a spokeswoman for the fund.

  • The company, formerly known as Fair Isaac Corp, said on Thursday that overdue medical payments that have already been settled will be ignored while calculating credit risk.

  • Boeing has 273 net orders through July compared with a negative 27 for Airbus due to cancellations. Earlier in the week, Airbus said it topped Boeing in unadjusted orders for all types of planes so far in 2014, saying it won 980 new orders through July, compared with just 837 for Boeing.

  • SAN FRANCISCO, Aug 8- Google Inc has agreed to create a $250 million internal program to disrupt rogue online pharmacies as part of a deal to end shareholder litigation over accusations the search company improperly allowed ads from non-U.S. drug sellers.

  • WASHINGTON, Aug 8- Reauthorization of the U.S. Export-Import Bank was left off a list of items that the No. 2 Republican in the House of Representatives expects his party to take up in September, raising new questions about the bank's future.

  • RIO DE JANEIRO, Aug 8- Profit at Brazil's state-run oil company Petrobras fell 20 percent in the second quarter from the same period a year earlier, the company said in a statement Friday, well short of analysts' estimates.

  • SAN ANTONIO, Aug 8- Venezuela's state-run oil company PDVSA has started using China Citic Bank to collect money from crude and fuel sales instead of Portugal's Banco Espirito Santo, according to a company document seen by Reuters on Friday.

  • NEW YORK/ BUENOS AIRES, Aug 8- The U.S. judge in Argentina's long-running debt battle with hedge funds threatened a contempt-of-court order on Friday if the nation did not stop issuing false statements about having made a required debt payment on restructured sovereign bonds.

  • NEW YORK, Aug 8- Investors once again are snapping up high-dividend-paying U.S. stocks as Treasury yields fall, which should keep utilities and telecom stocks near the top of the buying list for the near future.

  • Aug 8- The chief executive of a New York brokerage was criminally charged on Friday with lying to the U.S. Securities and Exchange Commission and faking documents to disguise how his firm did not have enough capital. Charles Moore, 62, was arrested Friday morning at the offices of his firm, Crucible Capital Group Inc, in downtown Manhattan, U.S.

  • TORONTO, Aug 8- Standard& Poor's said on Friday it had revised its outlook on Canadian banks to "negative," due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.