Latest Business News Wires - Business Headlines
More
-
*Guggenheim Partners unit to pay $1.35 bln for business. TORONTO, Dec 17- Sun Life Financial Inc will sell its U.S. annuity business for $1.35 billion to a unit of asset manager Guggenheim Partners in a deal that should reduce the exposure of the insurer's earnings to market swings and boost its cash levels.
-
NEW YORK, Dec 17- Oil prices were mixed in choppy trading on Monday, with Wall Street equities and U.S. crude futures receiving support from optimism that a budget deal might be reached in time to avert looming mandated U.S. spending cuts and tax hikes. Republican House Speaker John Boehner edged slightly closer to U.S.
-
SINGAPORE, Dec 17- Brent crude held steady above $108 a barrel on Monday, drawing support from a brighter economic outlook for top energy consumer China, although investors remained skittish as U.S. talks to avert a year-end "fiscal cliff" dragged on. February Brent crude had edged up 2 cents to $108.20 a barrel by 0512 GMT.
-
President Barack Obama and John Boehner, the top Republican in Washington, met at the White House on Monday to try to reach a budget deal that would head off steep tax hikes and spending cuts that could push the economy into recession next year.
-
HONG KONG/ NEW YORK, Dec 17- KKR& Co L.P. has finished raising $6 billion for its second pan- Asia fund, according to sources, the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns.
-
OTTAWA, Dec 17- The Bank of Canada's general counsel has determined that Governor Mark Carney did not engage in a conflict of interest when he and his family stayed at the home of Liberal legislator and finance critic Scott Brison, Carney spokesman Jeremy Harrison said on Monday.
-
Dec 17- Natural gas distributor Laclede Group Inc is buying two utilities from Energy Transfer Equity LP for $1 billion, doubling its customer numbers and boosting its exposure to more stable state-regulated income.
-
*Russia is the largest buyer of Brazilian beef. SKOLKOVO, Russia, Dec 17- Russia, the largest buyer of Brazilian beef, is unlikely to ban all beef imports from Brazil due to a suspected case of atypical bovine spongiform encephalitis, the head of Russia's veterinary and phytosanitary service said.
-
LAUNCESTON, Australia, Dec 17- Energy over metals, raw over refined, sums up the likely theme for China's commodity demand next year. Commodity markets had become accustomed to China as a voracious consumer of resources, but 2012 showed that growth rates can slow, a trend likely to continue next year, but it won't be evenly spread.
-
Washington, D.C., Dec 17- It's easy, after an earthquake or a hurricane, to show that you care. But when people are dealing with child-killing horror, as they are following the Friday school shooting in Newtown, Connecticut, it's harder to help your neighbor. --My Sandy Hook Family Fund.
-
NEW YORK, Dec 17- U.S. stocks rose in light volume on Monday, with the Nasdaq composite index briefly up 1 percent, after the first signs of movement in the "fiscal cliff" negotiations bolstered sentiment. The Dow Jones industrial average rose 75.98 points, or 0.58 percent, to 13,210.99. The Nasdaq Composite Index added 26.71 points, or 0.90 percent, to 2,998.05.
-
WASHINGTON, Dec 17- The U.S. economy will stay on a moderate growth path next year amid lackluster consumer spending and weak business investment, according to a new survey published on Monday.
-
Dec 17- Johnson Controls Inc filed an appeal against the sale order of bankrupt battery maker A123 Systems Inc to Chinese rival Wanxiang Group, objecting to a delay in payment of fees owed to it. Johnson Controls has said it remains interested in A123 if auction winner Wanxiang, China's largst auto parts maker, fails to get approval to buy A123.
-
HONG KONG, Dec 17- China shares rose by midday on Monday as investors were encouraged by more signs of reforms to come, and a strong move higher last week put the onshore markets on course to show their first yearly gain since 2009..
-
*US Republican lawmaker John Boehner offers to increase tax. SINGAPORE, Dec 17- Gold edged lower on Monday, extending losses to a third straight session, as slowing trade ahead of the year-end holidays responded little to the latest progress in the U.S. budget talks.
-
SINGAPORE, Dec 17- London copper was steady on Monday, consolidating from a five-week winning streak on signs of reviving growth momentum in top consumer China, while tentative progress on the U.S. " Copper prices have staged a year-end rally, climbing 6 percent from mid-November, supported by a boost in buying from investors in the United States.
-
Dec 17- Apple Inc said it sold more than 2 million of its new iPhone 5 in China during the three days after its launch there on Friday, marking China's best-selling iPhone rollout ever.
-
*AIG offers AIA shares in range of HK $29.65- HK $30.65- sources. HONG KONG, Dec 17- American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.
-
SINGAPORE, Dec 17- Brent crude held steady above $108 a barrel on Monday, drawing support from a brighter economic outlook for top energy consumer China, although investors remained skittish as U.S. talks to avert a year-end "fiscal cliff" dragged on. Brent crude stretched its gains into Monday, rising 13 cents to $108.31 a barrel by 0240 GMT.
-
HONG KONG/ NEW YORK, Dec 17- KKR& Co L.P. has finished raising its second pan- Asia fund, reaching $6 billion, according to sources, the largest private equity pool ever raised for the region, with strong demand from pension funds and endowments seeking emerging market returns.