Latest Business News Wires - Business Headlines


  • NEW YORK, Aug 20- An experimental drug from Tekmira Pharmaceuticals Corp helped lab monkeys recover from the most deadly strain of Marburg virus, a close cousin of Ebola, even after symptoms appeared, scientists reported on Wednesday.

  • WASHINGTON, Aug 20- Verizon Communications Inc is planning to launch a mobile software store that could present a third alternative in a market long-dominated by Apple Inc and Google Inc, according to The Information, an industry website.

  • Hertz, Avis Budget Group Inc and market leader Enterprise Rent-A-Car control about 90 percent of the U.S. car rental market. And more so Hertz, than Avis, since cars are made by General Motors Co account for a bigger portion of its fleet.

  • MOSCOW, Aug 20- Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.

  • JOHANNESBURG, Aug 20- Unemployed South African construction worker Daniel isn't sure how he fell so deeply in debt. All he knows is that African Bank Investments, which was bailed out this month, kept offering him money and he kept taking.

  • Ohio River reopens as oil spill clean-up progresses Wednesday, 20 Aug 2014 | 1:06 PM ET

    NEW YORK, Aug 20- A 15- mile section of the Ohio River was reopened for limited traffic on Wednesday as clean-up of a 5,000- gallon fuel oil spill continued, the U.S. Coast Guard said on Wednesday.

  • Earlier this month, Russia banned all meat, fish, dairy, fruit and vegetable imports from the United States, the European Union, Norway, Canada, and Australia for one year to retaliate again sanctions slapped on Moscow over the Ukraine crisis.

  • Fading volatility promises long period of gold stagnation Wednesday, 20 Aug 2014 | 1:04 PM ET

    LONDON, Aug 20- Ultra-calm trading conditions in gold are becoming self-perpetuating as a persistent lack of volatility frustrates investors seeking a return, pushing them further away from a market that analysts say could be becalmed for years.

  • Aug 20- A natural food company is voluntarily recalling certain peanut butters and almond butters sold at Whole Foods, Trader Joe's and other major grocery outlets because government testing found they may be contaminated with salmonella.

  • Online video stars mobilize for U.S. net neutrality Wednesday, 20 Aug 2014 | 1:00 PM ET

    LOS ANGELES, Aug 20- Online video personalities are joining together to advocate for equal treatment of Internet traffic, aiming to stop the U.S. government from allowing what they worry will be fast and slow lanes for delivering content.

  • LONDON, Aug 20- Commodity hedge fund Krom River is determined to stay the course in uncertain conditions despite a hefty sectoral slide, hoping for fresh inflows from investors fearing a retreat in equities.

  • *Infineon says $40 per share offer for U.S. firm is all-cash. FRANKFURT, Aug 20- Merger-shy German chipmaker Infineon has agreed to buy Silicon Valley-based International Rectifier for about $3 billion in cash, Infineon said on Wednesday, in its biggest-ever acquisition.

  • LONDON, Aug 20- Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multi-million dollar bonanza they reaped in 2008-2009..

  • Aug 20- Warren Buffett's Berkshire Hathaway Inc agreed to pay an $896,000 civil penalty to the U.S. government for having failed to timely report a transaction that boosted its voting stake in building products company USG Corp.

  • NEW YORK, Aug 20- U.S. crude oil rose in choppy trading on Wednesday ahead of the September contract's expiration and after government data showed crude stocks in the United States fell sharply last week. U.S. crude stocks slid by 4.5 million barrels last week, the U.S. Energy Information Administration said, more than analysts had expected.

  • UPDATE 2-JA Solar plans to set up factories in N. America Wednesday, 20 Aug 2014 | 12:40 PM ET

    Aug 20- Chinese solar products maker JA Solar Holdings Co Ltd expects to set up manufacturing plants in North America next year as the United States expands anti-dumping duties on products made in China and Taiwan.

  • BEIJING, Aug 20- Amazon.com will set up shop in China's Shanghai free trade zone, the company said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.

  • Hospira filed a lawsuit in U.S. District Court in Maryland on Tuesday asking for a temporary restraining order against the FDA, saying the agency's decision to allow generic Precedex went against its own rules.

  • By Clair MacDougall and James Harding Giahyue. MONROVIA, Aug 20- Police in the Liberian capital Monrovia fired live rounds and tear gas on Wednesday to disperse a stone-throwing crowd trying to break out of a quarantine imposed on their neighborhood because of the Ebola virus, witnesses said.

  • Aug 20- Lowe's Cos Inc, the No. 2 U.S. home improvement products retailer, echoed larger rival Home Depot Inc in anticipating higher spending on renovations in the second half of the year as the U.S. housing market showed signs of a recovery.