Latest Business News Wires - Business Headlines


  • NEW YORK, July 24- Argentine debt holdout investor Mark Brodsky refuted a story in Argentina's La Nacion newspaper suggesting his group, which is negotiating a settlement with the government, will ask a U.S. judge to suspend his payment order ahead of a July 30 deadline.


  • *Freeport set to strike deal. JAKARTA, July 24- Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the global price of some metals and led to thousands of layoffs.

  • July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 23 percent slump in third-quarter profit, hurt by an impairment charge, mainly on properties in the weak Chicago market. D.R. Horton reported a 15 percent drop in home deliveries in both the Midwest and the Southwest in the quarter ended June 30.

  • July 24- Wal-Mart Stores Inc replaced its U.S. business head Bill Simon with Asia chief Greg Foran to turn around its largest business, where sales have been sluggish for at least a year. Wal-Mart shares fell 1 percent in early trading on the New York Stock Exchange.

  • *Bourse opening follows labour, mortgage, other reforms. DUBAI, July 24- Saudi Arabia's decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher domestic energy prices.

  • NEW YORK, July 24- U.S. stocks opened slightly higher on Thursday, following a record close on the S&P 500 index, lifted by strong job market data in the United States and overseas factory readings, while better than forecast results sent Facebook shares rallying.

  • July 24- Eli Lilly and Co's quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but cost controls helped earnings beat forecasts.

  • MS drug sales drive Questcor profit Thursday, 24 Jul 2014 | 9:28 AM ET

    July 24- Questcor Pharmaceuticals Inc posted a 39.5 percent rise in quarterly profit, helped by strong sales of multiple sclerosis drug Acthar. The company's net income rose to $96.4 million, or $1.54 per share, in the second quarter ended June 30, from $69.1 million, or $1.12 per share, a year earlier. Revenue jumped 51 percent to $278.8 million.


  • *Facebook rallies on results; market value near IBM's. *U.S. manufacturing data due; Europe, China upbeat. NEW YORK, July 24- U.S. stock index futures rose on Thursday, following a record close on the S&P 500 index, lifted by strong job market data in the United States and overseas factory readings, while better than forecast results sent Facebook shares rallying.

  • WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • July 24- Southwest Airlines Co posted higher-than-expected quarterly profit on Thursday as it boarded more passengers and garnered higher air fares. Net income totaled $465 million, or 67 cents a share, in the second quarter, more than double the year-earlier profit of $224 million or 31 cents a share.

  • NEW YORK, July 24- Trying to take your financial temperature? It's not just a matter of how much money you have in the bank. Contrary to big financial numbers that make most people stick their heads in the sand, many obsess about their credit scores, says Greg McBride, chief financial analyst for Bankrate.com.

  • *Journalist gave evidence against UK PM's ex-media chief. LONDON, July 24- A former tabloid reporter who admitted hacking hundreds of phones to find stories for two Sunday newspapers was spared jail on Thursday for helping secure the conviction of Prime Minister David Cameron's ex-media chief Andy Coulson.

  • Britain's easyJet to resume flights to Tel Aviv Thursday, 24 Jul 2014 | 8:57 AM ET

    LONDON, July 24- British low cost carrier easyJet said it will resume flights to Tel Aviv as scheduled from Friday 25 July after regulators lifted advice over flying into the Israeli airport.

  • July 24- U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit, helped by cost cutting and favorable pension adjustments, and maintained its full-year forecast. Raytheon has been expanding its presence in Europe, Asia and the Middle East and beefing up its global supply chain in the face of tightening U.S. defense budget.

  • An American Airlines plane (left) and a USAirways jetliner at Dallas-Fort Worth.

    *Adj Q2 profit of $1.98 a share compares with $1.95 estimate. American, the largest airline by traffic, which was formed from the late 2013 merger of US Airways and AMR Corp, declared a dividend of 10 cents a share for shareholders of record Aug. 4.

  • July 24- Sports apparel manufacturer and retailer Under Armour Inc's quarterly revenue rose by than a third as it benefited from growing interest in fitness among women and young people, and the company raised its full-year sales forecast.

  • ALGIERS, July 24- An Air Algerie flight that went missing en route from Burkina Faso to Algiers has crashed, an Algerian aviation official told Reuters on Thursday.