Latest Business News Wires - Business Headlines


  • OTTAWA, July 24- Canada said on Thursday it will impose sanctions on "a broad range" of Russian companies and banks to punish Moscow for what it said was the illegal occupation of Crimea and "provocative military activity" in eastern Ukraine.

  • GENEVA, July 24- India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.

  • NEW DELHI, July 25- Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiraling costs of food and other staples eat into his budget for non-essentials.

  • July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.

  • July 24- A pivotal trial of Keryx Biopharmaceuticals Inc's experimental drug Zerenex showed that it improved levels of serum phosphorus and iron in patients on kidney dialysis, according to results published on Thursday. The trial involved 441 patients, according to the Journal of the American Society of Nephrology, which published the results.

  • July 24- U.S. real estate website operator Zillow Inc is in talks to buy Trulia Inc and may value the smaller rival at $2 billion, Bloomberg reported, citing people with knowledge of the matter. Zillow and Trulia declined to comment on the report saying they don't comment on rumors.

  • Pandora forecast adjusted profit of 5- 8 cents per share on revenue of $235- $240 million for the third quarter ending September. Pandora faces stiff competition from Spotify, Apple Inc's Beats online streaming service, Google Inc and Amazon.com Inc in the fast-growing music streaming business as downloads decline.

  • NEW YORK, July 24- The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

  • July 24- Visa Inc, the world's largest credit and debit card company, cut its revenue growth outlook for the year, citing a strengthening U.S. dollar. Visa's net income rose to $1.36 billion, or $2.17 per Class A share, in the third quarter ended June 30 from $1.23 billion, or $1.88 per Class A share, a year earlier.

  • FRANKFURT/ DETROIT, July 24- Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent.

  • UPDATE 1-Amazon's losses widen, shares drop Thursday, 24 Jul 2014 | 4:47 PM ET

    SAN FRANCISCO, July 24- Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.

  • NEW YORK/ LONDON, July 24- Gold hit a one-month low on Thursday after robust economic data from the United States, China and the euro zone deterred investors from safe-haven assets, even as tensions simmered in the Middle East and Ukraine.

  • BOSTON, July 24- Billionaire investor Kenneth Griffin, who oversees $20 billion at hedge fund Citadel LLC, filed for divorce from his wife citing "irreconcilable differences," according to court filings seen by Reuters on Thursday.

  • *Caterpillar drags on Dow; Facebook stock at record on results. NEW YORK, July 24- U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter.

  • At least eight European law firms are pitching their services to major U.S. law firms and Wall Street banks, hoping that U.S. companies considering an inversion choose Ireland, Britain or the Netherlands for their new tax domicile, according to people with knowledge of the matter.

  • NEW YORK, July 24- Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argentina could once again default.



  • Ex-Bizjet CEO pleads guilty to foreign bribery Thursday, 24 Jul 2014 | 4:32 PM ET

    WASHINGTON, July 24- The former chief executive of BizJet, the U.S. unit of aircraft repair company Lufthansa Technik AG, pleaded guilty on Thursday for his role in a scheme to bribe government officials in Mexico and Panama, the U.S. Justice Department said.

  • Starbucks Americas sales up slightly more than expected Thursday, 24 Jul 2014 | 4:28 PM ET

    July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent. Starbucks' Americas region sales also rose 6 percent in the fiscal second quarter. The Americas region contributes the majority of Starbucks revenue.