Latest Business News Wires - Business Headlines


  • As one of the world's largest makers of consumer food products, the Minneapolis- based company has hefty buying power in the marketplace for corn, soy, sugar, oats, and other commodities needed for its packaged food products.

  • lk-European stock rally stalls, retailers pressured Tuesday, 18 Feb 2014 | 11:16 AM ET

    *FTSEurofirst 300 off 0.1 pct, Euro STOXX 50 down 0.2 pct. *Analysts see near-term Euro STOXX 50 drop to 3,063. The euro zone's blue-chip Euro STOXX 50 was down 0.2 percent at 3,112.81 points by 1559 GMT, consolidating further after a slight drop in the previous session.

  • Feb 18- Shares of Prana Biotechnology Ltd rose as much as 31 percent after the company said its experimental brain disorder drug improved cognitive function in a study on patients with Huntington's disease. "In a small trial, you don't expect to hit statistical significance on a secondary endpoint of efficacy," MLV& Co analyst Graig Suvannavejh told Reuters.

  • TORONTO, Feb 18- BlackBerry shares rose more than 6 percent in early trading on Tuesday after investor Daniel Loeb's Third Point hedge fund disclosed it had bought 10 million shares in the smartphone maker and technology company.

  • Foreigners hit sell button on US assets in Dec. Tuesday, 18 Feb 2014 | 11:11 AM ET

    Foreigners sold long-dated U.S. securities for a second month in December, selling almost all asset classes except Treasurys, data showed.

  • NEW YORK, Feb 18- Stock markets around the world edged higher in volatile trading on Tuesday following a fresh round of stimulus from the Bank of Japan, though gains were limited by some tepid data following a recent rally.

  • SAO PAULO, Feb 18- Vale SA, the world's largest iron ore producer, will move forward with a planned offering of 10- year, U.S. dollar-denominated global bonds during the first half of the year, a source with direct knowledge of the transaction said.

  • NEW YORK, Feb 18- Boeing Co said it would locate a new factory for building the wings of its forthcoming 777 X jet in Everett, Washington, where it currently builds 777 jetliners. It marks a departure from the large-scale outsourcing to overseas suppliers that caused significant delay on Boeing's 787 jet.

  • BUENOS AIRES, 18 Feb- Argentine state-run oil company YPF said Tuesday that it had signed a memorandum of understanding for Malaysian energy company Petronas to invest in its massive Vaca Muerte shale formation.

  • NEW YORK, Feb 18- Foreigners sold long-dated U.S. securities for a second straight month in December, selling almost all asset classes except Treasuries, data from the U.S. Treasuries posted a net inflow of $17.9 billion in the month after sales of $127 million in November.

  • *Forest Labs surges after Actavis confirms acquisition. NEW YORK, Feb 18- U.S. stocks were little changed on Tuesday after Wall Street's biggest gain of the year as disappointing economic reports weighed on investor sentiment.

  • TREASURIES-Yields dip after weak NY manufacturing data Tuesday, 18 Feb 2014 | 10:41 AM ET

    NEW YORK, Feb 18- U.S. Treasury yields held in tight ranges on Tuesday, hemmed in as a weaker-than-expected regional manufacturing report and the biggest ever one-month decline in homebuilder confidence nibbled away at confidence in the strength of the U.S. economic recovery.

  • RIO DE JANEIRO/ LONDON, Feb 18- Emerging market stocks dipped on Tuesday, led by a drop in Chinese shares, while a fresh outbreak of violence drove Ukraine's currency towards five-year lows and weighed on its bond prices.

  • *Nowotny says possible low inflation will "self correct". LONDON, Feb 18- Low euro zone inflation and the strong euro could both start to self-correct this year without necessarily requiring any action from the European Central Bank, one its policymakers Ewald Nowotny said on Tuesday.

  • *Peugeot and Dongfeng to announce tie-up- sources. PARIS, Feb 18- PSA Peugeot Citroen and China's Dongfeng have agreed a 3 billion euro capital tie-up that buys the French carmaker more time to turn its business around, brings in new management and ends two centuries of family control.

  • LONDON, Feb 18- Oil rose towards $110 a barrel to its highest in almost seven weeks on Tuesday, supported by a weaker dollar, cold weather in the United States and renewed concern about threats to supply in the Middle East and Africa.

  • *China's central bank drains $7.9 bln from the market. *Alcoa to shut Port Henry aluminium smelter in Australia. LONDON, Feb 18- Copper was steady on Tuesday as support from a weak dollar offset concerns about short-term demand in China after its central bank moved to tighten the money supply.

  • UPDATE 2-Coca-Cola sales miss estimates, shares slip Tuesday, 18 Feb 2014 | 10:31 AM ET

    Feb 18- Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, like rival PepsiCo Inc, has been battling declining soda sales in developed markets, especially the United States, as people reach for healthier options.

  • UPDATE 2-Candy Crush Saga firm plans U.S. listing Tuesday, 18 Feb 2014 | 10:24 AM ET

    STOCKHOLM, Feb 18- King, the Swedish firm behind hit mobile phone game Candy Crush Saga, is planning a U.S. stock market debut which some analysts think could value it at more than $5 billion and herald a flurry of technology company listings this year.

  • Feb 18- Medtronic Inc on Tuesday reported a lower quarterly net profit after it took charges for an experimental blood pressure device that failed to prove effective in a clinical study. Medtronic shares fell 2.3 percent to $55.56 in morning trading on the New York Stock Exchange.