GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • *Gilead falls as Express Scripts picks AbbVie treatment. *Dow boosted by gains at Intel, IBM. The S&P energy index fell 1.6 percent as the day's weakest sector; Chevron Corp lost 1.3 percent to $111.44 while Halliburton Co was off 1.9 percent at $39.70.

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • BENGHAZI/ TRIPOLI, Dec 22- Fighting between Libya's competing governments has spread to a third oil port, curbing gas exports to Italy and cutting crude production to less than needed to cover the North African country's own domestic requirements, officials said. Libya has had two governments and parliaments since a group called Libya Dawn seized the capital...

  • WASHINGTON, Dec 22- The U.S. Commodity Futures Trading Commission on Monday ordered a unit of Deutsche Bank to pay a $3 million fine over charges that it had failed to properly invest customer funds and had made other mistakes in the process. "DBSI failed to accurately compute the amount of customer funds on deposit," over the period of June 18, 2012 to August 15, 2012,...

  • BEIJING/ CHICAGO, Dec 22- China has officially approved imports of a type of genetically modified corn at the centre of a string of lawsuits over U.S. grain shipments, seed maker Syngenta AG said on Monday, ending uncertainty after a five-year review. Beijing has been taking longer than in the past to approve new biotech crops amidst growing consumer sentiment...

  • WASHINGTON, Dec 22- Russia is starting to backslide on its commitments to become a fully-fledged member of the global economy and trading community, the United States' trade office said on Monday. Relations between the United States and Russia are at their lowest since the Cold War because of Russia's annexation of Crimea from Ukraine last March and its support...

  • South Korea's trade ministry said in a statement that the high U.S. tariffs on Korean steel pipes, over $100 million annually, put them at a price disadvantage compared with imports from India and other countries. The U.S. International Trade Commission ruled in August that "oil country tubular goods" imports from South Korea, India, Taiwan, Turkey, Ukraine and...

  • MANAGUA, Dec 22- Nicaragua on Monday broke ground on its Chinese-led $50 billion shipping canal, a massive infrastructure project that aims to rival Panama's waterway and revitalize the economy of the second-poorest country in the Americas. Construction of the new waterway will be run by Hong Kong- based HK Nicaragua Canal Development Investment Co Ltd, which...

  • LONDON, Dec 22- Russia has complained that a U.S. move to scrap a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules. As a result, Russian steelmaker Severstal now faces anti-dumping duties of 73.59 percent, while other producers like Novolipetsk Steel and...

  • *U.S. crude falls back near $55/ barrel. NEW YORK/ LONDON, Dec 22- Gold dropped more than 1 percent and silver slid 3 percent on Monday, triggering automatic sell orders in thin pre-holiday dealings after U.S. existing home sales fell to a six-month low, and as oil prices eased back toward $55 per barrel. Spot gold was down 1.3 percent at $1,180.05 an ounce at 12:21 p.m....

  • *Copper tracks oil lower after Saudi minister comments. LONDON, Dec 22- Copper dipped on Monday after oil prices retreated and as worries over growth in top consumer China persisted, though a trimming back of surplus forecasts for next year limited losses. Copper prices changed direction after oil resumed its slide after Saudi Arabia's oil minister said OPEC...

  • Europe stocks end higher; Greek shares rally Monday, 22 Dec 2014 | 12:33 PM ET

    *FTSEurofirst 300 up 0.4 pct, FTSE 100 up 0.5 pct. *France's Soitec tumbles after profit warning. Britain's blue-chip FTSE 100 index advanced by 0.5 percent, Germany's DAX gained 0.8 percent, France's CAC rose 0.3 percent while the pan-European FTSEurofirst 300 index climbed 0.4 percent, to 1,367.00 points.

  • *Company to test combination hep C drug in 2015. Dec 22- Data from Achillion Pharmaceuticals Inc's hepatitis C drug trials showed the company could develop a shorter-duration treatment rivaling offerings from Gilead Sciences Inc and Abbvie Inc.. The biotechnology company's shares rose as much as 17 percent to $16.77, their highest in more than seven years.

  • The SEC said those claims were false, as the algorithm behind the AlphaSector product did not even exist during that seven-year period. The data instead came from applying the algorithm to historical market data, resulting in a hypothetical performance, the SEC said. The SEC separately sued Present in Boston federal court, saying he made false and misleading...

  • Brent prices have fallen more than 46 percent since the year's peak in June of above $115 per barrel, sped up by the November decision of the Organization of Petroleum Exporting Countries not to reduce production. Saudi Arabia has also convinced its fellow OPEC members it is not in the group's interest to cut oil output, however far prices may fall, the kingdom's...

  • NEW YORK, Dec 22- Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets, despite oil prices that have...

  • MILAN, Dec 22- Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme showed Chinese employees working more than three times their official hours to assemble its handbags. Aroldo Guidotti of subcontractor Mondo Libero said the employees toiled away for as long as 14 hours a day, while they were...

  • According to the median of 11 economists' predictions, gross domestic product will fall 3.6 percent in 2015. After growth of just 0.5 percent this year, the recession will challenge President Vladimir Putin's promise last week that Russia can eventually recover from what he called "tough times". At the start of this year analysts forecast the economy would...

  • NEW YORK, Dec 22- Equity markets worldwide edged higher on Monday after European energy shares rose, even as oil prices remained volatile. A rebound in European energy shares and greater political stability in Greece boosted European bourses. Stocks in Moscow also gained, with the dollar-traded up almost 7 percent following news that oil firm Rosneft had paid...

  • JUSTICE DEPARTMENT OFFICIAL SAYS ALSTOM, NOT GE, WILL BE RESPONSIBLE FOR PAYING THE FINE.