Latest Business News Wires - Business Headlines


  • NEW YORK, Aug 6- Drugmakers' use of the tobacco plant as a fast and cheap way to produce novel biotechnology treatments is gaining global attention because of its role in an experimental Ebola therapy.

  • OTTAWA, Aug 6- China's decision to investigate two Canadians for suspected spying highlights a sharp and unexpected deterioration in bilateral ties just months ahead of a trip by Canada's Prime Minister Stephen Harper to Beijing.

  • Brent rebounds to $105; U.S. oil stocks eyed Tuesday, 5 Aug 2014 | 11:44 PM ET

    SINGAPORE, Aug 6- Brent crude rose to around $105 a barrel on Wednesday, bouncing off a nine-month low hit in the previous session after industry data showed a large drop in U.S. crude stocks last week. The Brent oil contract for prompt delivery advanced 30 cents to $104.91 per barrel by 0335 GMT, after settling on Tuesday at its lowest since Nov. 7 last year.

  • Japan's nuclear restart may be delayed until 2015 Tuesday, 5 Aug 2014 | 11:06 PM ET

    TOKYO, Aug 6- The long-awaited restart of Japan's nuclear power plants is facing yet another setback and may be delayed until 2015, Japanese media said on Wednesday, piling pressure on struggling utilities to push for fresh price hikes.

  • *Asian stocks dip on news Russia gathers forces near Ukraine. SINGAPORE, Aug 6- Gold ticked up slightly on Wednesday and could benefit from a bout of market risk aversion as fears of increasing military action along the Ukraine border put global equities under pressure.

  • SEOUL, Aug 6- Samsung Electronics Co Ltd and Apple Inc agreed to scale down their international legal war and withdraw patent lawsuits outside the United States, a Samsung spokesman said on Wednesday.

  • *Wall Street drop, Ukraine tensions curb risk appetites.

  • SEOUL, Aug 6- Samsung Electronics Co Ltd and Apple Inc agreed to withdraw patent lawsuits outside the United States, a Samsung spokesman said on Wednesday. "This agreement does not involve any licensing arrangements, and the companies are continuing to pursue the existing cases in U.S. courts," Samsung said in a statement.

  • TOKYO, Aug 6- The benchmark 10- year Japanese government bond yield hovered near 15- month lows on Wednesday amid a latest flare up in geopolitical worries, but wariness over pushing already expensive debt prices even higher hemmed the market in a tight range.

  • SINGAPORE, Aug 6- London copper was near one-week lows on Wednesday and Shanghai prices fell one percent, reflecting investor caution as weakness in China's services sector cast doubts on its economic recovery. *The most-traded October copper contract on the Shanghai Futures Exchange dropped 510 yuan to 50,030 yuan per tonne.

  • NEW YORK/ LAS VEGAS, Aug 5- Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors model.

  • BUENOS AIRES, Aug 5- Argentina said on Tuesday it will formally demand that intermediary banks charged with delivering the country's debt payments make hundreds of millions of dollars in payouts that were due in June but that have been blocked by a U.S. court.

  • "This particular project was focused on identifying vulnerabilities in Tor, not to collect data that would reveal personal identities of users," said Defense Department spokeswoman Lieutenant Colonel Valerie Henderson, adding that the National Security Agency also did not receive data.

  • *U.S. crude for September delivery gained 30 cents to $97.68 a barrel by 0023 GMT after falling to as low as $97 on Tuesday, its weakest since Feb. 5. *The data helped oil prices recover from losses on Tuesday when worries over plentiful supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.

  • SINGAPORE, Aug 6- Gold was little changed below $1,300 an ounce on Wednesday but the safe-haven metal looked likely see some gains as fears of increasing military action along the Ukraine border put global equities under pressure.

  • *Fox drops bid for Time Warner, Sprint gives up on T-Mobile. SYDNEY, Aug 6- Asian stocks slipped on Wednesday while the U.S. dollar held firm after a slump on Wall Street and tensions over Ukraine instilled a mood of risk aversion across markets.

  • SAO PAULO, Aug 5- Profit at Grupo BTG Pactual SA surprisingly rose to the highest in over two years in the second quarter even after Latin America's largest independent investment-banking firm produced a mixed performance in some revenue and expense lines.

  • SYDNEY, Aug 6- The dollar held near an 11- month high against a basket of major currencies early on Wednesday, having got a second wind after upbeat U.S. data bolstered expectations of solid economic growth in the third quarter. The euro languished at $1.3370, having plumbed a nine-month trough of $1.3358.

  • UPDATE 1-Sprint drops bid to buy T-Mobile -source Tuesday, 5 Aug 2014 | 8:13 PM ET

    Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc because the challenge of securing regulatory approval for the deal was too steep, a person familiar with the matter told Reuters. The Wall Street Journal first reported the news Tuesday that Sprint had abandoned its bid.

  • Aug 5- Many options traders who had taken bets on a successful buyout of Time Warner Inc by Rupert Murdoch's Twenty-First Century Fox Inc are facing a grim lesson in the risks of betting on deals. Murdoch pulled the $80 billion offer after the close of trading on Tuesday, saying Time Warner management had refused to engage in discussions.