Latest Business News Wires - Business Headlines


  • *Wall Street seen opening higher. LONDON, Feb. 24- European stocks rose and the euro strengthened against the dollar on Monday as a surprise improvement in German business morale added to optimism over the euro zone's recovery, although worries over credit tightening in China kept investors wary.

  • *Acting president says Ukraine close to default. KIEV, Feb 24- Cash-strapped Ukraine appealed for urgent financial assistance on Monday to prevent a default, saying it needed $35 billion over two years to stop the economy "heading into the abyss".

  • Feb 24- Radio frequency chipmakers RF Micro Devices Inc and TriQuint Semiconductor Inc said they would merge in an all-stock deal to create a new company with combined revenue of more than $2 billion. TriQuint shareholders will receive 1.675 shares of the combined company for every share held.

  • Feb 24- A mild winter in Europe means the continent is less reliant on Russian gas pumped through Ukraine than in past years, easing worries that the crisis in Ukraine could hurt supplies. Russia is Europe's biggest gas supplier, providing around a quarter of continental demand, around half of which is exported through Ukraine.

  • Feb 24- Canadian exploration company Augusta Resource Corp has asked its shareholders to reject base metal miner HudBay Minerals Inc's hostile offer to buy all the shares in Augusta it does not own.

  • MOSCOW, Feb 24- Prime Minister Dmitry Medvedev said on Monday any extension of a gas agreement between Russia and Ukraine would have to be negotiated between Ukrainian companies and the government. "Those agreements which are legally binding must be fulfilled.

  • European share rally pauses as HSBC, Volkswagen sag Monday, 24 Feb 2014 | 7:28 AM ET

    *About 5.6 bln euros wiped off Volkswagen's market cap. PARIS, Feb 24- European shares were steady around midday on Monday as worse-than-expected results from HSBC and a disappointing outlook from Volkswagen took the wind out of the sails of the market's recent rally.

  • US STOCKS-Futures edge higher, S&P 500 near record Monday, 24 Feb 2014 | 7:24 AM ET

    *Emerging markets in focus after Ukraine president ousted. *Netflix shares fall, to pay Comcast for faster speeds. *While most U.S. companies have limited direct exposure to Ukraine, investors are concerned that the instability in the region could spread throughout emerging markets.

  • BARCELONA, Feb 24- The world's biggest messaging service WhatsApp, which Facebook has just bought for $19 billion, will add voice calls to its product in the second quarter of this year, its chief executive Jan Koum said on Monday. Koum said WhatsApp's acquisition by Facebook would not alter his roadmap to develop the product to reach the next 1 billion users.


  • MUMBAI, Feb 24- Reserve Bank of India Governor Raghuram Rajan said the government and the central bank shared similar views on inflation management, while reiterating a call for the U.S.

  • BEIJING, Feb 24- China's home price rises eased for the first time in 14 months in January, the latest sign that the government's more than four-year campaign to rein in property risk may finally be starting to bite.

  • As rival neighbours east and west of the former Soviet republic said a power vacuum in Kiev must not lead to the country breaking apart, acting President Oleksander Turchinov said Ukraine's new leaders wanted relations with Russia on a "new, equal and good-neighbourly footing that recognises and takes into account Ukraine's European choice".

  • *The move is a potential victory for Freeport, Newmont. *Minister: Freeport to resume copper exports in near future. A senior government official said Freeport would resume exports of copper concentrate in the "near future".

  • BERLIN, Feb 24- German business morale rose in February to its highest level since July 2011, suggesting Europe's largest economy will grow faster in the first quarter after expanding only modestly last year.

  • BARCELONA, Feb 24- Nokia, soon to be acquired by Microsoft Corp, is turning to software created by arch-rival Google for a new line of phones it hopes will make it a late contender in the dynamic low-cost smartphone market.

  • LONDON, Feb 24- Gold rose to a near four-month high on Monday, adding to last week's gains, as investors ditched the dollar and equity markets on persistent worries over the pace of the U.S. economic recovery and China's growth.

  • LONDON, Feb 24- Brent crude oil steadied around $110 a barrel on Monday, resisting sharp declines in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth. Brent crude was down 30 cents to $109.55 a barrel by 1100 GMT, after settling higher for a second straight week.

  • Attorney General Eric Holder, citing the recent massive data theft at retailer Target Corp, urged Congress on Monday to enact a national standard for notifying consumers about such breaches.

  • ISTANBUL/ LONDON Feb 24- Tesco, the world's No. 3 retailer by sales, is in talks with several companies over a possible restructuring of its struggling business in Turkey.