Latest Business News Wires - Business Headlines


  • CALGARY, Alberta, July 25- Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska, a World Wildlife Fund study showed on Friday. The remote Beaufort Sea is a section of the Arctic Ocean that spans the Canada- U.S. border.

  • *Investors agree to share issue of up to 250 million euros. ROME, July 25- Alitalia shareholders on Friday approved a share issue of up to 250 million euros to keep the Italian flag carrier flying as it seeks to finalize a life-saving tie-up with Etihad Airways. Abu Dhabi's state-owned Etihad Airways plans to buy a 49 percent stake in the Italian carrier.

  • NEW YORK, July 25- Argentine debt negotiators left their meeting with a U.S. court-appointed mediator in New York after barely one hour on Friday, declining to make any comment as they left the building, a Reuters reporter said.

  • Falls of DAX, LVMH hit European shares Friday, 25 Jul 2014 | 11:36 AM ET

    LONDON, July 25- European shares fell on Friday, with the German market hit after business sentiment in the country fell to its lowest level in nine months, while luxury goods group LVMH slumped after weaker-than-expected results. The pan-European FTSEurofirst 300 index provisionally closed 0.8 percent lower at 1,371.21 points.

  • WASHINGTON, July 25- A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014..

  • *Amazon.com, Visa down after disappointing results. U.S. stocks were lower in early trading, hurt by results from Amazon.com and Visa, the two biggest drags on the S&P 500. Amazon dropped 11.1 percent to $318.79, while Visa was down 4.9 percent at $211.90.

  • July 25- Amazon.com Inc's heavy investment in content and technology to fight off deep-pocketed rivals is proving to be more costly than many had expected, raising fears that operating earnings will be remain under pressure indefinitely. Amazon's shares fell 12 percent to $314.76 in early trading on Friday, wiping out about $18 billion from its market value.

  • MOSCOW, July 25- McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.

  • NEW YORK, July 25- Brent crude oil prices shot more than $1 higher at mid-morning on Friday while U.S. oil erased early losses, with traders linking the gains to talk that further Western sanctions on Russia could hit oil exports.

  • NEW YORK, July 25- Uncertainty over a policy shift to crop subsidies in China, the world's top producer and consumer of cotton, could spark a burst of demand for imported cotton between September and December, an industry veteran said on Friday.

  • WASHINGTON, July 25- A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients' confidential trading data, U.S. regulators said Friday.


  • BRUSSELS, July 25- When Dutch Foreign Minister Frans Timmermans spoke to his European Union peers of his grief and anger over the downing of a Malaysia Airlines airliner over eastern Ukraine, it was a turning point in Europe's approach to Russia.


  • *Shares open at $19, above IPO price of $15. July 25- Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their market debut as investors tucked into the offering, betting on the growing popularity of the restaurant chain's fire-grilled chicken.

  • LONDON, July 25- Foreign equity and bond investors who had tentatively ventured back into Russia after a huge early-2014 selloff are again slashing their holdings for fear of being caught in the crossfire of Western sanctions. Russia has fared worst among the big emerging equity markets this year, with dollar-based losses of 13 percent.

  • *Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper slipped on Wednesday, under pressure from the prospect of increased supplies from Indonesia, but further falls were limited by encouraging economic data from top consumer China.

  • *Baidu jumps as net profit soars. NEW YORK, July 25- Disappointing earnings from Amazon and Visa dragged U.S. stocks lower on Friday in a broad selloff led by consumer discretionary shares.

  • The data pointed to momentum in the U.S. economy and underpinned the dollar, which had earlier gained on a drop in Germany's Ifo survey of business sentiment. "U.S. data has been good or better than expected, whereas European data continues to point to a slowdown," said Boris Schlossberg, managing director in FX strategy at BK Asset Management in New York.

  • El Pollo Loco shares rise 32 pct in debut Friday, 25 Jul 2014 | 10:32 AM ET

    July 25- Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their trading debut, valuing the restaurant chain at more than $700 million. The company raised $107.1 million after its initial public offering of 7.1 million shares were priced at $15 each, at the higher end of the range.