Latest Business News Wires - Business Headlines


  • Nov 22- Ukraine has spurned a new alliance with its western neighbours, suspending a trade pact with the European Union and reviving talks on a deal instead with Russia, its old Soviet master. Here are some facts about Ukraine's economy and its trade and energy relationship with Russia and Europe:.

  • Nov 22- Ariad Pharmaceuticals Inc said European regulators recommended the approval of its leukemia drug, Iclusig, whose U.S. sale has been suspended due to safety concerns, sending the company's shares up 24 percent in premarket trading.

  • *Wheat up for 2nd day on Argentina, Australia harvest worries. In Argentina, the Rosario Grains Exchange forecast the wheat crop at 9.1 million tonnes in its first estimate of the season, well below the 11 million tonne view of the U.S. Department of Agriculture.

  • *Time Warner Cable up as Charter nears bank deal for bid. NEW YORK, Nov 22- U.S. stock index futures were little changed on Friday as investors paused after the Dow industrials closed above 16,000 for the first time, amid a dearth of data and ahead of a holiday-abbreviated week in the United States.

  • LONDON, Nov 22- Investors are going to have to work far harder in 2014 to replicate this year's bumper gains by turning over more trades or pushing out into riskier investments. I think 2014 is going to be tricky, to capture value you're just going to have to be tactical, "said Chris Goekjian, chief investment officer of hedge fund Cheyne Capital.

  • Ann reports 7 percent rise in quarterly sales Friday, 22 Nov 2013 | 7:54 AM ET

    Nov 22- Ann Inc posted a 7 percent rise in third-quarter sales as more customers visited its LOFT women's apparel stores. Net income rose to $41.2 million, or 89 cents per share, from $40.7 million, or 84 cents per share, a year earlier. Revenue rose to $657.5 million in the quarter ended Nov. 2.

  • LONDON, Nov 22- Oil equipment supplier Plexus is finalising a piece of subsea kit that should revolutionise production of oil and gas from reservoirs under high pressures and temperatures, Chief Executive Ben van Bilderbeek said.

  • Nov 22- A unit of Caterpillar Inc is being probed by federal investigators to determine if it had dumped train parts into the ocean off California as part of a scam to charge customers for parts they didn't need, the Wall Street Journal reported. Progress Rail, which was acquired by Caterpillar in 2006 for about $800 million, repairs locomotives and railcars.

  • Chinese Nokia workers pledge to continue strike Friday, 22 Nov 2013 | 7:33 AM ET

    GUANGZHOU, China, Nov 22- Striking workers at a Nokia factory in southern China on Friday threatened to extend industrial action after the company terminated the contracts of 59 employees for failing to return to work.

  • Nov 22- Amarin Corp Plc said the U.S. Food and Drug Administration did not accept its appeal for the review of a regulatory decision to revoke an agreement related to the trial of its lead drug that lowers a type of blood fat.

  • TACLOBAN, Philippines, Nov 22- Once he had got hold of 20 cases of San Miguel beer, Gerry Ruiz knew he had enough supplies to start serving customers again.

  • BERLIN, Nov 22- Volkswagen, Europe's biggest carmaker, will keep spending on upgrading and expanding its range of models in the years ahead, despite lowering planned investment in other areas to offset rising costs.

  • LONDON, Nov 22- Copper rose on Friday, lifted by a weaker dollar against the euro, signs of growth in Europe's biggest economy Germany and a temporary supply shortfall after a typhoon-hit Philippine smelter halted some shipments.

  • Negotiators from around 195 countries are working to lay the foundations for a new global climate accord that is due to be agreed in 2015 in Paris, and come into force after 2020, but few concrete steps have emerged from two weeks of talks in Warsaw.

  • NEW YORK, Nov 22- The stereotype of American millennials is not pretty: Hanging out in basements, sponging off mom and dad, not making much money to speak of, and not really sure of what to do with it, when they do get it. The 28- year-old career coach from Philadelphia takes his retirement saving as seriously as a heart attack.

  • European shares steady, 'fear gauge' hits 7-year low Friday, 22 Nov 2013 | 6:57 AM ET

    *Whitbread touches record high on JPMorgan upgrade. LONDON, Nov 22- European shares held steady on Friday while a closely watched measure of stock market volatility sank to a near seven-year low in a further sign of mounting investor confidence about the state of the global economy.

  • China considers pipeline reform to boost gas supply Friday, 22 Nov 2013 | 6:53 AM ET

    *PetroChina- dominated grid limits small gas producers. BEIJING, Nov 22- As China struggles to rid cities of choking smog, one of the early priorities for Beijing's economic reforms will likely be to force state-run PetroChina to allow private producers fair access to natural gas pipelines.

  • FACTBOX-China's natural gas trunk lines Friday, 22 Nov 2013 | 6:44 AM ET

    Nov 22- As China struggles to rid cities of choking smog, an early priority for Beijing's economic reforms will likely be to force the state-owned companies that monopolise natural gas pipelines to open up to private gas producers, industry officials say.

  • Nov 22- China's government is finalising a policy to allow greater third-party access to its gas pipeline network, which is dominated by big state firms. The plan is one of the steps China is taking to boost supply. China is the world's top energy user but only the fourth-largest gas consumer.

  • UPDATE 4-Oil rises above $110 as Iran talks stickier Friday, 22 Nov 2013 | 6:39 AM ET

    *Investors focus on Iran talks, but little hope of breakthrough. Iran and six world powers struggled on Friday to budge sticking points in negotiations aimed at securing an interim accord to curb Tehran's nuclear programme in exchange for sanctions relief.

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