Latest Business News Wires - Business Headlines


  • *Gold set for 2.5 percent gain in second quarter. NEW YORK/ LONDON, June 30- Gold rose on Monday as the dollar fell, with bullion on track for its second consecutive quarterly gain as heightened geopolitical tensions boosted its safe-haven appeal.

  • June 30- Devon Energy Corp said it would sell its remaining non-core gas-rich properties to peer Linn Energy LLC for $2.3 billion to focus on more lucrative oil assets and cut debt.


  • *Deutsche Boerse says tax considerations play no role. FRANKFURT, June 30- Deutsche Boerse plans to expand operations outside the euro area to give non-European clients an opportunity to avoid the bloc's proposed financial transaction tax, four people familiar with the exchange operator's thinking told Reuters.

  • *Solvay boosts European chemicals sector. LONDON, June 30- European equities steadied on Monday, as gains in chemicals companies led by the Belgian group Solvay were offset by weaker travel stocks after a ratings downgrade caused easyJet shares to slump. European chemicals shares rose 0.6 percent, boosted by Solvay.

  • WASHINGTON- The U.S. Supreme Court dealt unions a setback Monday by ruling that state-paid, in-home care workers in Illinois cannot be compelled to pay union dues, but stopped short of blocking organized labor from collecting such fees from other public employees.

  • U.S. Supreme Court to hear Libor antitrust appeal Monday, 30 Jun 2014 | 1:03 PM ET

    -The U.S. Supreme Court said on Monday it would hear an appeal by investors whose antitrust claims over the manipulation of the global benchmark interest rate known as Libor were dismissed last year.

  • SAN FRANCISCO, June 30- Whether U.S. inflation next year rises above or remains stuck below the Federal Reserve's 2- percent target will depend in large part on how easily the long-term unemployed find work, a study published on Monday by the San Francisco Fed suggests.

  • WASHINGTON, June 30- Wall Street's self-funded regulator on Monday began publicly reporting trade data for certain kinds of private corporate bond deals, in a move that will shed more light on a class of products that has operated largely in the shadows.

  • *Billionaire says says not ready to invest in Egypt. CAIRO, June 30- Egyptian billionaire construction tycoon Samih Sawiris said he has no plans for new investments in his country while political oppression and legal failings continue to obstruct economic revival.

  • Twitter rolls out app-install ads globally Monday, 30 Jun 2014 | 12:46 PM ET

    SAN FRANCISCO, June 30- Twitter Inc began rolling out app-install ads globally on Monday, expanding a mobile advertising format that has proven successful on rival platforms such as Facebook. Twitter said in a blogpost it decided to roll out the format, through which advertisers prompt users to download or launch apps, after a successful trial phase.

  • COLUMN-Finding a soft landing when bond prices fall Monday, 30 Jun 2014 | 12:45 PM ET

    CHICAGO, June 30- Contemplating the end of a 30- year bull run in bond prices is a bit like waiting to go to the dentist for some long-needed procedure. You know it needs to happen, but you procrastinate. The end of the bond rally has been telegraphed for more than a year, so it needn't be painful if you prepare for it now.

  • LONDON, June 30- Emerging market borrowers sold over $260 billion worth of bonds in the first half of 2014, outstripping year-ago levels despite geopolitical noise as borrowers rushed to take advantage of lower-than-expected U.S. yields. The hard currency debt market was hampered by the Ukraine- Russia conflict and a sharp fall in Russian bond sales.

  • Funds managed by Trian collectively own about 28.9 million shares, or about 2 percent, of BNY Mellon after adding to the stake in the first quarter, according to disclosures with the U.S. Securities and Exchange Commission and the person familiar with Trian's investment strategy. "Trian is a respected investment firm," BNY Mellon spokesman Kevin Heine said.

  • BRASILIA, June 30- Brazil posted in May its second-widest monthly primary budget deficit ever, a worse-than-expected result that puts at risk the country's key fiscal and debt servicing goal for the year.

  • SOFIA, June 30- Bulgaria's banking crisis eased on Monday, with fewer depositors queuing to withdraw savings after politicians assured them that their cash was safe and the European Commission gave Sofia the green light to provide state aid to its lenders.

  • June 30- U.S. mutual funds holding about $1.7 billion in Puerto Rico debt have sued the cash-strapped commonwealth, accusing it of passing a law modeled after the U.S. bankruptcy code that could undermine the rights of American investors.

  • YOUR MONEY-What would you do with $100,000? Monday, 30 Jun 2014 | 11:59 AM ET

    NEW YORK, June 30- What would you do if you suddenly got $100,000, no strings attached? With $30 trillion set to change hands from one generation to the next over the next 30 years, many others will find themselves in a similar position, according to Accenture.

  • WASHINGTON, June 30- A handful of small refineries in North Dakota could remove dangerous gas from oil train cargoes and make shipments from the state's productive Bakken shale area safer on the tracks, according to a company which has pitched the idea to regulators.

  • June 30- Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases seeking to recoup more money for them.