Latest Business News Wires - Business Headlines


  • WASHINGTON, April 28- The U.S. Navy on Monday awarded a $17.6 billion contract for 10 more Virginia-class attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the largest Navy shipbuilding contract ever.

  • WASHINGTON, April 28- The head of the Spanish-language television network Univision said on Monday that Comcast Corp's plan to buy rival Time Warner Cable Inc could be "bad for Hispanic audiences." In particular, he complained that Comcast balked at distributing Univision's sports network while others, including Time Warner Cable, did carry it.

  • TORONTO, April 28- Canada issued its first ultra-long term bond that will mature in 50 years, the Department of Finance said on Monday, a rare move that will let the government capitalize on the current low interest rate environment. The government of Canada issued C $1.5 billion worth of the bonds with a yield of 2.96 percent.

  • *Wall St rebounds on merger speculation, rotation into Apple. NEW YORK, April 28- Global equity markets rebounded in rocky trade on Monday after a $100 billion bid for AstraZeneca boosted speculation of further corporate deal-making, while crude oil prices fell as major producer Libya prepared to resume exports.

  • *Pfizer works on next move in takeover bid for Astrazeneca. Leading the Nasdaq down was Amazon.com, which extended Friday's sharp decline a day after its earnings report.

  • *Newmont and Barrick shares slide on the NYSE. By Euan Rocha, Allison Martell and Soyoung Kim. TORONTO/ NEW YORK, April 28- Failed merger talks between Barrick Gold Corp and Newmont Mining Corp descended into acrimony on Monday, with the two large gold miners publicly accusing each other of scuppering a deal favored by many investors.

  • April 28- Chad Leat, a retired Citigroup Inc executive who helped finance some of the world's largest leveraged buyouts, is now working as a consultant for former client Apollo Global Management LLC, people familiar with the matter said.

  • WASHINGTON, April 28- The U.S. swaps regulator plans to research whether U.S. banks' overseas trading activity is complying with its rules, a senior official said on Monday, as Wall Street adapts to new rules for the $690 trillion global market.

  • April 28- El Paso Pipeline Partners LP said it would buy natural gas assets from Kinder Morgan Inc for about $2 billion, including $1.01 billion of debt.

  • April 28- Financial services company Ameriprise Financial Inc reported a 19 percent rise in first-quarter profit, driven by strong income from its wealth management business and said it would buy back an additional $2.5 billion in stock.

  • NEW YORK, April 28- The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares. Based on the latest available data, the Dow Jones industrial average rose 87.34 points or 0.53 percent, to end unofficially at 16,448.80.

  • NEW YORK/ DETROIT, April 28- Toyota Motor Corp. said it will move its U.S. sales headquarters from southern California to suburban Dallas, delivering the latest blow to California in a fight for jobs with arch-rival Texas, whose Governor Rick Perry has been actively poaching businesses from the Golden State.

  • *Federal Circuit revives claim by BP, Chevron, Shell. By a 2-1 vote, the U.S. Court of Appeals for the Federal Circuit reversed the dismissal of claims by BP Plc, Chevron Corp and Royal Dutch Shell Plc in a now 23- year-old case that their wartime contracts to produce gas to fuel military aircraft entitled them to reimbursement.

  • MOSCOW, April 28- Russia's energy minister and EU Energy Commissioner Guenther Oettinger have reached a tentative agreement for three-way talks between Russia, Ukraine and the EU on Ukraine's debt to Moscow for gas to be held later this week, the Russian ministry said. Russia had earlier proposed the talks be held on Monday in Moscow.

  • WASHINGTON, April 28- A brutally cold winter likely put a brake on the U.S. economy in the first quarter, but growth fundamentals remain strong and signs of an acceleration have already emerged.

  • NEW YORK, April 28- The next chief executive of Berkshire Hathaway should be the only one at the company to get options, Warren Buffett, the current head of the sprawling conglomerate, said on Monday.

  • *Separatists take another town hall, break up pro- Kiev rally. DONETSK/SLAVIANSK, Ukraine, April 28- The United States imposed new sanctions on allies of Russian President Vladimir Putin on Monday, prompting Moscow to denounce "Cold War" tactics amid more violence in eastern Ukraine.

  • WASHINGTON, April 28- The U.S. Washington is still on track to run roughly a half trillion dollars into the red this year. The Congressional Budget Office, however, projects budget deficits will widen slightly relative to national economic output over most of the current decade's remaining years.

  • *Russia- Ukraine tensions cap bond yields. The ongoing political tension between Russia and Ukraine has also kept a cap on long bond yields. On Friday, long bond yields fell to their lowest in more than nine months after Russia unexpectedly raised interest rates just hours after the S&P downgraded the country's credit rating.