Latest Business News Wires - Business Headlines


  • LONDON/ MUMBAI, July 22- Indian generics firm Lupin, some U.S. drugmakers looking for a tax-saving deal in Europe and private equity funds are planning to bid for a range of older drugs being auctioned by GlaxoSmithKline, five sources familiar with the matter said.

  • July 22- Rockwell Collins Inc, a maker of avionics and other electronics systems for aircraft, reported a better-than-expected quarterly profit, helped by higher deliveries. Net profit fell to $158 million, or $1.15 per share, in the third quarter ended June 30, from $164 million, or $1.20 per share, a year earlier.

  • July 22- Comcast Corp, the largest U.S. cable operator, reported a better-than-expected quarterly profit, helped by strong growth in high-speed internet subscribers. Net income attributable to Comcast rose to $1.99 billion, or 76 cents per share, in the second quarter ended June 30, from $1.73 billion, or 65 cents a share, a year earlier.

  • July 22- Health insurer Centene Corp reported a 24 percent jump in quarterly profit, beating market estimates for the sixth straight quarter, as the company's premium and services revenue surged after it expanded in Florida, Ohio and California.

  • SAN FRANCISCO, July 22- U.S. software-management company AppDynamics said Tuesday it raised $120 million in venture capital, launching the company into the growing group of startups valued at more than $1 billion. Battery Ventures, ClearBridge Investments and Sands Capital are leading the funding round.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • Coca-Cola quarterly profit falls 3 percent Tuesday, 22 Jul 2014 | 7:57 AM ET

    July 22- Coca-Cola Co reported a 3 percent fall in quarterly net profit due to restructuring of its juice operations in Russia and the separation of its Brazilian bottling operations last year.

  • *Raises 2014 profit forecast to $10.85- $11.15/ share. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit as it benefited from a change in pension plans for some non-union employees.

  • *Q2 oper earnings $1.93/ shr vs. est $2.07/ shr. July 22- Property and casualty insurer Travelers Cos Inc's quarterly earnings fell short of analysts' estimates as hail and wind storms in the United States increased catastrophe losses.

  • BERLIN, July 22- Governments should take the lead in reviewing how risk assessments for airspace are made, the head of the International Air Transport Association said, sidestepping calls for a conference of global airlines on the matter.

  • FRANKFURT, July 22- Germany's Wacker Chemie raised its full-year core profit forecast for 2014, citing cost cuts and strong demand at its polysilicon unit, which mainly serves the photovoltaic industry.

  • July 22- Harley-Davidson Inc reported a higher-than-expected quarterly profit on Tuesday but cut its full-year forecast for motorcycle shipments, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.

  • July 22- United Technologies Corp posted an 8 percent increase in quarterly net profit, helped by sales of its elevators and aircraft parts, and the diversified U.S. manufacturer gave a more bullish profit outlook for 2014.. United Tech posted organic revenue growth of 3 percent, which exclude sales from a helicopter agreement with Canada and net divestitures.

  • COLUMN-Shale plays reduce political risk: Kemp Tuesday, 22 Jul 2014 | 7:43 AM ET

    LONDON, July 22- Shale plays are ideal for oil and gas companies that need to limit risk in countries with a history of political and economic instability and poor respect for private property.

  • Domino's Pizza profit rises, U.S. shows strength Tuesday, 22 Jul 2014 | 7:39 AM ET

    July 22- Domino's Pizza Inc on Tuesday reported quarterly profit that topped Wall Street's view, boosted by strong results from overseas and its home market of the United States, where rival Pizza Hut is struggling.

  • July 22- Omnicom Group Inc, the largest U.S. advertising company, reported better-than-expected quarterly revenue and profit, led by increased spending on advertising by clients.

  • July 22- Verizon Communications Inc, the largest U.S. wireless telecoms company, reported better-than-expected quarterly revenue and profit due to a jump in postpaid wireless subscriber additions. Verizon's shares fell about 1 percent to $50.08 before the bell.

  • July 22- U.S. small-business lender CIT Group Inc said it would buy regional lender OneWest Bank NA for $3.4 billion in cash and stock, its second deal in two months to boost its middle-market lending operations.

  • LONDON, July 22- Gold fell on Tuesday as shares rose on speculation tensions between Russia and the West would ease after signs of cooperation from pro-Russian rebels over the downed Malaysian plane, while a stronger dollar ahead of U.S. data also weighed.

  • *ARM Holdings surges after strong results. LONDON, July 22- European equities bounced back on Tuesday partly in response to signs of improved cooperation from Ukraine's pro-Russian rebels who have agreed to hand over the black boxes from the Malaysian plane downed in Ukraine last week.