GO
Loading...

Latest Business News Wires - Business Headlines

More

  • BRUSSELS, May 28- The European Union tackled deep divisions on genetically modified crops on Wednesday by striking a compromise pact that is likely to make it easier for them to win approval while allowing some countries to ban them.

  • NEW YORK, May 28- Crude oil prices slid lower for a second straight day on Wednesday as a stronger dollar and lower demand outweighed geopolitical tensions in Ukraine and Libya and positive economic data in the United States.

  • *U.S. 30- year bond yields also fall, near 12- month lows. NEW YORK, May 28- Yields on benchmark U.S. 10- year Treasury notes dropped to their lowest in nearly 11 months on Wednesday, undermined by falls in the German bond market following weak data and more month-end buying from institutional investors.

  • Valeant's New York- listed shares dropped 1 percent by midday to $128.66, paring earlier losses, while Allergan stock lost 4.1 percent to $158.29. Valeant on Wednesday offered to pay $58.30 per Allergan share in cash, about $10 higher than its previous offer of $48.30.

  • FRANKFURT, May 28- Porsche is inspecting 2,500 of its new Macan off-road vehicles to check for faulty brakes after quality tests revealed that some brake booster units may have been damaged during the assembly process, the carmaker said on Wednesday.

  • UPDATE 1-French jobless total hits new high in April Wednesday, 28 May 2014 | 12:30 PM ET

    PARIS, May 28- The number of people without a job in France rose by 14,800 in April to a new record, undermining President Francois Hollande's campaign to bring unemployment down.

  • May 28- German drugmaker Boehringer Ingelheim said on Wednesday it would pay about $650 million to settle U.S. lawsuits that claimed the company's blockbuster blood thinner, Pradaxa, had caused severe and fatal bleeding in patients.

  • Deutsche Bank braced for fines in forex probes -sources Wednesday, 28 May 2014 | 12:15 PM ET

    FRANKFURT, May 28- Deutsche Bank AG is preparing for fines in connection with investigations into possible manipulation of emerging markets currency rates and is also braced for civil lawsuits, two sources familiar with the views of the bank's management said.

  • Fischer sworn in as member of U.S. Federal Reserve's board Wednesday, 28 May 2014 | 12:15 PM ET

    WASHINGTON, May 28- Former Bank of Israel Governor Stanley Fischer was sworn in as a member of the Federal Reserve's board on Wednesday, buttressing the U.S. central bank's depleted policymaking ranks as officials map out plans to exit from their extraordinary stimulus.

  • FED SAYS FISCHER SWORN IN EARLIER ON WEDNESDAY AS MEMBER OF FED BOARD.

  • *Gold steadies at 3-1/ 2- month low as safe-haven appeal dims. NEW YORK, May 28- U.S. and European bond markets rallied and benchmark yields fell to multi-month lows on Wednesday in expectations of stimulus from the European Central Bank next week and on month-end buying from U.S. funds.

  • French jobless total hits new high in April Wednesday, 28 May 2014 | 12:00 PM ET

    PARIS, May 28- The number of people without a job in France rose by 14,800 in April to a new record, undermining President Francois Hollande's campaign to bring unemployment down.

  • NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, perhaps approaching 20 years, prompting strenuous opposition from lawyers for the former SAC Capital Advisors LP fund manager.

  • May 28- Valeant Pharmaceuticals Inc may take its $49.44 billion takeover bid for Botox-maker Allergan Inc directly to the target company's shareholders, Valeant Chief Executive Michael Pearson said on Wednesday.

  • UPDATE 1-Chevron shareholders reject independent chair Wednesday, 28 May 2014 | 11:44 AM ET

    MIDLAND, Texas, May 28- Shareholders of Chevron Corp, the second-largest U.S. oil company, rejected a proposal on Wednesday to split the roles of chairman and chief executive, both currently held by John Watson.

  • BOGOTA, May 28- Venezuela has agreed to release $12 million to Colombian airline Avianca, equivalent to 4 percent of the unrepatriated revenue trapped in Venezuela because of currency controls, the company said on Wednesday.

  • May 28- Obesity drug maker Vivus Inc's biggest shareholder said it was planning to offer to buy the company in a deal valued at $640 million. Aspen Investment Fund, which reported a 9.65 percent stake in Vivus on Wednesday, said it expected to submit its non-binding offer to the company by June 13.

  • *Iran official sees drop in shipping volumes, difficulties. LONDON/ ANKARA, May 28- Global shipping lines are increasingly shying away from handling cargoes to Iran as restrictions on banking and insurance continue unabated, despite an interim agreement between Tehran and the West that called for limited sanctions relief.

  • NEW YORK, May 28- The bidding process to build a mammoth system to track trading activity across the U.S. stock market is going through growing pains, with some participants grousing at a secretive process that excludes key groups, including brokerages.

  • Chevron shareholders reject independent chair Wednesday, 28 May 2014 | 11:13 AM ET

    MIDLAND, Texas, May 28- Chevron Corp shareholders rejected a proposal on Wednesday to split the roles of chairman and chief executive, both currently held by John Watson. About 81 percent of the 1.5 billion shares cast at the company's annual meeting in Midland, Texas, voted against the proposal, which was sponsored by the Unitarian Universalist Association.