Latest Business News Wires - Business Headlines


  • BRUSSELS, April 4- NATO said on Friday it had allowed private planes to fly high over Kososo for the first time in 15 years, letting commercial airlines save time and money by taking more direct routes across the region.

  • MEXICO CITY, April 4- Most of Mexico's central bankers were convinced that a spike in inflation has likely passed while the majority said short-term risks to growth had increased, minutes released on Friday showed. Central Bank board members voted at their March 31 meeting to hold their benchmark interest rate at a record low of 3.50 percent.

  • *Mylan up on report of Meda AB buy. *Boeing considers Mercury Systems acquisition. Biogen Idec Inc fell 4.3 percent to $288.98.

  • Intuitive Surgical fell 5 percent to $513.42 while Alexion Pharmaceuticals slid 4 percent to $145.37. TripAdvisor Inc sank 5 percent to $86.75 and Netflix Inc shed 3.8 percent to trade at $341.39.

  • *Delta's 49 pct in Virgin, Etihad's 29 pct in Air Berlin eyed. *Air Berlin says Etihad does not control it.

  • April 4- Amgen Inc said its experimental drug to treat a deadly form of skin cancer did not significantly improve overall survival rates in patients enrolled in a late-stage study.

  • PARIS/ ZURICH, April 4- The worlds' two largest cement makers, Lafarge and Holcim, said they are in merger talks, flagging what could be Europe's biggest tie-up of the year to date creating a company with a stock market value of over $50 billion.

  • NEW YORK, April 4 (Reuters)- Crude oil prices on both sides of the Atlantic rose on Friday as data showed strong jobs growth in the United States and investors cast doubt on reports Libya's oil ports were about to reopen.

  • *Price for Ukraine is highest for any Gazprom customer. MOSCOW, April 4- Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full.

  • *Canada economy creates 42,900 new jobs in March. OTTAWA, April 4- Canada's economy churned out twice as many new jobs as expected in March and the unemployment rate dropped a notch, but most of the gains were in the public sector and part-time positions, a sign businesses were still cautious about hiring.

  • *Wall St touches fresh record high after U.S. payrolls. *Brent rises from 5- month low to above $106. NEW YORK, April 4- Steady U.S. jobs growth pushed stocks on Wall Street to fresh highs and kept European equities on track for a ninth day of gains Friday, while damping the dollar's strength on the outlook that the Federal Reserve will continue to wind down stimulus.

  • Lafarge, Holcim say in advanced merger talks Friday, 4 Apr 2014 | 11:12 AM ET

    PARIS/ ZURICH, April 4- French and Swiss cement makers Lafarge and Holcim said on Friday they were in advanced discussions over a possible merger of equals, but that no agreement had yet been reached.

  • *FTSEurofirst 300 up 0.7 pct, Euro STOXX 50 up 0.9 pct. *Lafarge, Holcim surge on report of merger talks.

  • WASHINGTON, April 4- The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.

  • TORONTO, April 4- Canada can move faster than the United States to stop the use of older rail tanker cars to carry crude oil, Transport Minister Lisa Raitt said on Friday, adding Ottawa is under pressure after last July's fiery derailment in Quebec that killed 47 people.

  • NEW YORK, April 4- A lawsuit accusing Lululemon Athletica Inc of defrauding shareholders by hiding defects in its yoga pants that led to a costly recall should be dismissed, a U.S. judge has concluded. That culminated in a March 2013 recall and a loss of roughly $2 billion of market value.

  • WASHINGTON, April 4- The U.S. labor market emerged surprisingly strong from the severe winter, with employers hiring at a brisk pace and the jobless rate holding near a five-year low. Nonfarm payrolls increased by 192,000 jobs last month after rising by 197,000 in February, the Labor Department said on Friday.

  • *Gold briefly goes above $1,300/ oz. LONDON, April 4- Gold rose on Friday after a U.S. nonfarm payrolls report came in slightly below expectations, but signs that the world's largest economy is growing at a solid pace, a stable dollar and higher equities capped the upside. Gold futures for April delivery rose 1.1 percent to $1,298.00 an ounce.

  • April 3- Latino-focused cable network NUVOtv, backed by Jennifer Lopez, said its parent company SiTV Media Inc would buy Madison Square Garden Co's Fuse TV. As part of the acquisition, NUVOtv also plans to utilize Fuse's street front studio on Seventh Avenue in Manhattan- across from Madison Square Garden.

  • IMS Health's IPO raised about $1.30 billion after the offering was priced at $20 per share, above the midpoint of its expected price range of $18- $21 per share. IMS Health's shares opened at $22.18 and touched a high of $22.75 on the New York Stock Exchange on Friday.