GO
Loading...

Latest Business News Wires - Business Headlines

More

  • WOLFSBURG, Germany, July 29- Volkswagen's move to add extra German production shifts for its top-selling Golf hatchback, which the group has attributed to strong demand, is also due to problems adjusting to its flagship new manufacturing platform, company sources told Reuters.

  • Argentina bonds up slightly on eve of expected default Tuesday, 29 Jul 2014 | 10:07 AM ET

    NEW YORK, July 29- Argentina bonds were drifting higher Tuesday morning amid light volumes, as government representatives prepared for last-minute talks in New York to avoid a technical default later this week.

  • US TREASURIES PARE PRICE GAINS AFTER CONSUMER CONFIDENCE DATA, 10- YEAR NOTE YIELDS INCREASE TO 2.47 PCT.

  • Arch Coal, like other U.S. miners, is struggling with dismally low coal prices and has been trying to cut costs and lower production of low-margin metallurgical, or steel-making, coal. Last week, Arch Coal said it would idle its Cumberland River coal complex in Kentucky and Virginia, lowering its full-year metallurgical coal volumes by about 200,000 tons.

  • NEW YORK, July 29- Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin- based lessor at roughly $13 billion, according to people familiar with the matter.

  • July 29- U.S. manufacturer Eaton Corp lowered the top end of its full-year profit forecast on Tuesday due to weaker margins in its electrical systems business, sending its shares down more than 3 percent. Eaton now expects 2014 earnings in a range of $4.50 to $4.70 per share, lowering the top end from $4.90.

  • Russia sanctions threaten to blow euro zone off course Tuesday, 29 Jul 2014 | 9:41 AM ET

    BERLIN/ FRANKFURT, July 29- The knock to confidence from harsher European sanctions on Russia could spoil the euro zone's budding economic recovery even if it shrugs off the fallout on trade.

  • NEW YORK, July 29- U.S. stocks rose slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment.

  • July 29- Impax Laboratories Inc said the U.S. Food and Drug Administration issued certain observations regarding violations in the company's manufacturing plant in Taiwan. Shares of Impax, which makes generics and specialty drugs to treat central nervous system disorders, fell about 17 percent to $23.15 premarket on Tuesday.

  • LONDON, July 29- Brent crude oil steadied around $107 a barrel on Tuesday as ample supply offset concerns over political tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

  • July 29- A fire at CVR Energy Inc's Coffeyville, Kansas refinery, early Tuesday forced the shutdown of all monitored units at the facility, energy industry intelligence service Genscape said. A company spokesman and officials from Coffeyville police and fire departments were not immediately available for comment.

  • NEW YORK, July 29- U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday. "Housing has been turning in mixed economic numbers in the last few months," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.

  • July 29- AK Steel Holding Corp reported a surprise adjusted profit for the second quarter as shipments rose. Steel prices in North America are near two-year highs, helped by firm U.S. economic growth. Net loss attributable to the company narrowed to $17.1 million, or 13 cents per share, in the second quarter, from $40.4 million, or 30 cents per share, a year earlier.

  • July 29- Sirius XM Holdings Inc reported a stronger-than-expected 10 percent rise in quarterly revenue as it added more paying subscribers, and the satellite radio service raised its full-year revenue forecast.

  • US STOCKS-Wall St to rise on earnings, data weighs Tuesday, 29 Jul 2014 | 9:16 AM ET

    *Pfizer, Merck rise as results beat expectations. NEW YORK, July 29- U.S. stocks were set to rise slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment. Pfizer's higher-than-expected second-quarter earnings were helped by growing sales of its cancer medicines.

  • *Russia accused by West of arming rebels in Ukraine. MOSCOW, July 29- Vladimir Putin risks becoming an international pariah over the Ukraine crisis but the Russian president is battening down the hatches for the gathering economic and political storm.

  • July 29- Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299. The world's largest technology company also lowered the price of its older 13- inch MacBook Pro by $100 to $1,099.

  • DETROIT, July 29- Auto systems supplier TRW Automotive Holdings Corp, targeted for takeover by ZF Friedrichshafen, easily beat Wall Street profit expectations for the second quarter as revenue rose 2 percent. Excluding one-time items, TRW earned $2.32 per share in the quarter, versus $2.02 a year earlier, it said on Tuesday.

  • NEW YORK, July 29- Ally Financial Inc reported a bigger-than-expected quarterly profit on Tuesday as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co said it had earned $323 million, or 54 cents per share, in the second quarter.

  • July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash, to focus on its larger solid waste business.