Latest Business News Wires - Business Headlines


  • *NATO says concerned about threat of Russia entering Ukraine. LONDON, Aug 6- The euro fell to a nine-month low against the dollar on Wednesday as Italy reported it had fallen back into recession in the second quarter, German data showed industrial performance slumped in June and concern grew over conflict in Ukraine.

  • Aug 6- Tim Hortons Inc, Canada's biggest coffee and doughnut chain, reported a 9.3 percent rise in quarterly revenue due to a rise in the average check per person. Net income attributable to Tim Hortons was flat at C $123.8 million in the second quarter ended June 29.

  • Russia says to increase meat, dairy imports from Brazil Wednesday, 6 Aug 2014 | 7:46 AM ET

    MOSCOW, Aug 6- Russia will allow Brazil to significantly increase meat and dairy exports to Russia, the country's state Veterinary and Phytosanitary Surveillance Service said on Wednesday.

  • *SABMiller shares down 2 pct; Rio Tinto shares flat. LONDON, Aug 6- Jan du Plessis is set to become chairman of two big global companies at the same time when he takes over the role at brewer SABMiller Plc next year in addition to his current position at Rio Tinto.

  • Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings declined 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose.

  • *Walgreen to buy remaining 45 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co won't use a full takeover of Europe's biggest pharmacy chain Alliance Boots to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home.

  • ROME, Aug 6- Italian designer label Tod's is edging away from its comfortable driving shoes, ballerina flats and platform sandals in an attempt to diversify its business and revive flagging sales.


  • Aug 6- U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier, which operates refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah, usually benefits from access to cheap U.S. shale crude.

  • Auto parts maker Visteon's quarterly revenue rises Wednesday, 6 Aug 2014 | 7:30 AM ET

    Aug 6- Auto parts maker Visteon Corp reported a 11 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon said $258 million of sales in its interiors business were reclassified as discontinued operations since it is divesting a majority of the business.

  • *Saudi kings gives $1 bln to Lebanese army. ON THE OUTSKIRTS OF ARSAL, Lebanon Aug 6- L ebanon's army and Islamist militants clashed on Wednesday in breach of a ceasefire aimed at ending five days of fighting in the most serious spillover of Syria's civil war onto Lebanese soil.

  • Time Warner Inc revenue rises on HBO gains Wednesday, 6 Aug 2014 | 7:20 AM ET

    Aug 6- Time Warner Inc reported a 3 percent jump in quarterly revenue, helped by gains from premium TV service Home Box Office. Net income from continuing operations attributable to Time Warner common shareholders rose to $843 million, or 94 cents per share, for the second quarter ended June 30, from $698 million, or 73 cents per share, a year earlier.

  • Viacom quarterly revenue falls 7 pct Wednesday, 6 Aug 2014 | 7:20 AM ET

    Aug 6- Viacom Inc, the owner of cable networks MTV and Comedy Central and movie studio Paramount Pictures, reported a 7 percent fall in second-quarter revenue, hurt by fewer movie releases. Revenue at Viacom's filmed entertainment unit, which accounts for a quarter of total revenue, fell 26 percent in the quarter ended June 30.

  • Chesapeake Energy quarterly profit lower Wednesday, 6 Aug 2014 | 7:16 AM ET

    Aug 6- Chesapeake Energy Corp, the second-largest U.S. producer of natural gas, on Wednesday reported a lower quarterly profit, citing a loss on the repurchase of debt and lower prices. The Oklahoma City company reported a second-quarter profit of $145 million, or 22 cents per share, compared with $467 million, or 66 cents a share, a year earlier.

  • *Growth to be hit by slowdown in Russia this year. ALMATY, Aug 6- Kazakhstan has created a new super size energy ministry as its economy suffers from the shutdown of a giant oilfield and the collapse of exports to Ukraine and sanctions-hit Russia.

  • UPDATE 1-Cognizant warns of slower growth; shares fall Wednesday, 6 Aug 2014 | 7:10 AM ET

    Aug 6- IT services provider Cognizant Technology Solutions Corp said it expects full-year sales to grow at a slower pace than previously forecast, citing weakness at some clients and delays in booking revenue from some large deals.

  • AOL revenue up 12 percent as ad sales jump Wednesday, 6 Aug 2014 | 7:09 AM ET

    Aug 6- Digital media and entertainment company AOL Inc reported a 12 percent increase in quarterly revenue, helped by a jump in advertising sales. Net income attributable to AOL fell to $28.2 million, or 34 cents per share, for the second quarter ended June 30, from $28.5 million, or 35 cents per share, a year earlier.

  • *Russia extends bans on food imports to Romanian beef. MOSCOW, Aug 6- Russia has extended food import bans to Romania, stepping up its response to more biting Western sanctions for its support for separatist rebels in Ukraine, though Moscow's measures could be rebounding on its own economy.

  • Aug 6- HollyFrontier Corp reported a 31 percent fall quarterly profit, hurt by lower refining margins. Net income attributable to the company's shareholders fell to $176.4 million, or 89 cents per share, in the second quarter ended June 30 from $256.9 million, or $1.27 per share, a year earlier.

  • Coal miner Alpha Natural's quarterly loss widens Wednesday, 6 Aug 2014 | 7:06 AM ET

    Aug 6- Coal miner Alpha Natural Resources Inc reported a bigger quarterly loss as coal prices remained weak. Net loss widened to $512.6 million, or $2.32 per share, in the second quarter ended June 30, from $185.7 million, or 84 cents per share, a year earlier. Revenue dropped 21 percent to $1.05 billion.