Latest Business News Wires - Business Headlines


  • MOSCOW, April 2- Russian lender Binbank said on Wednesday it could buy the Moscow subsidiary of Ukraine's Privatbank in two weeks from its Ukrainian owners who say they were under political pressure to sell.

  • US oil export ban may have easy fix: Murkowski Wednesday, 2 Apr 2014 | 9:12 AM ET

    A top U.S. senator said a government office has the power to approve limited petroleum exports, and partly bypass a 40-year crude export ban.

  • *MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- U.S. stocks were set for a flat open on Wednesday, indicating the S&P 500 will hold near its record high reached in the prior session, after data on the labor market was slightly below expectations.

  • UPDATE 1-Lone Star Funds to take DFC Global private Wednesday, 2 Apr 2014 | 8:58 AM ET

    April 2- DFC Global Corp, a pawn shop chain and payday lender, said it would sell itself to private equity firm Lone Star Funds for about $376 million. DFC Global stockholders will receive $9.50 per share in cash, representing a premium of about 6 percent to the stock's Tuesday closing.

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 2 Apr 2014 | 8:55 AM ET

    PARIS- Arnaud Montebourg, a fierce critic of budget austerity, is named French economy minister in a reshuffled government that President Francois Hollande has charged with halting France's economic decline. EU regulators fine Goldman Sachs, Prysmian for cable cartel.

  • April 2- A plan being discussed to reorganize power company Energy Future Holdings Corp will all but wipe out the investments of owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported.

  • PARIS, April 2- A fierce critic of budget austerity was named French economy minister on Wednesday in a reshuffled government packed with strident personalities, including President Francois Hollande's former live-in partner Segolene Royal.

  • ZURICH, April 2- Zurich Insurance said an investigation into the suicide of its finance chief had been careful and conclusive, deflecting criticism of the probe by the CFO's widow who is due to speak at the company's annual shareholder meeting later on Wednesday.

  • SANTIAGO, April 2- Thousands of people evacuated from Chile's low-lying coastal areas returned home on Wednesday morning after authorities called off a tsunami alarm as damage from a massive overnight earthquake seemed mostly limited.

  • UPDATE 1-Monsanto beats expectations as profit climbs Wednesday, 2 Apr 2014 | 8:26 AM ET

    April 2- Monsanto Co, the world's largest seed company, reported higher-than-expected quarterly earnings on Wednesday as its corn and soybean businesses expanded globally.

  • DFC Global to sell itself to Lone Star Funds Wednesday, 2 Apr 2014 | 8:19 AM ET

    April 2- DFC Global Corp, a pawn and payday lender, said it would sell itself to private equity firm Lone Star Funds for about $1.3 billion, including debt.

  • LONDON, April 2- Gold rose around one percent on Wednesday, recouping some strength after two days of losses as European shares flattened and investors remained jittery ahead of U.S. jobs data that should help guage the strength of the world's biggest economy. Gold futures for April delivery rose $11.40 to $1,291.40 an ounce.

  • April 2- MannKind Corp's shares nearly doubled before the bell on Wednesday, after an advisory committee to the U.S. health regulator recommended approval for the drug developer's inhaled insulin treatment.

  • WASHINGTON, April 2- The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released on Wednesday. Eurodad looked at the period from October 2011 to August 2013, covering 23 loans.

  • UPDATE 1-Kazakhstan prime minister Akhmetov resigns Wednesday, 2 Apr 2014 | 8:00 AM ET

    ASTANA, April 2- Kazakhstan's Prime Minister Serik Akhmetov, who had managed Central Asia's largest economy since September 2012, said on Wednesday that he had resigned. His successor will face a major task of preparing Kazakhstan's integration into the Eurasian Economic Union which will unite Russia, Kazakhstan and Belarus.

  • LONDON, April 2- Brent oil fell $1 to a near five-month low below $105 a barrel on Wednesday on poor manufacturing data from China and Europe, while investors awaited U.S. inventory data to help assess demand in the world's top oil consumer. Brent crude oil was down $1.14 to $104.48 a barrel by 1222 GMT, its lowest since Nov. 8.

  • *Kazakhstan raises pressure with $737 mln fine. MILAN, April 2- Western oil majors struggling to restart production at one of the world's biggest offshore oilfields in Kazakhstan have found that whole kilometres of pipeline are defective, two people recently returned from the $50 billion project say.

  • *MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- U.S. stock index futures inched higher on Wednesday ahead of data on the labor market after the S&P 500 set its latest record high in the prior session.

  • BERLIN, April 2- Germany's cabinet agreed on Wednesday to a national minimum wage of 8.50 euros per hour- a flagship project for the Social Democrats who share power with Angela Merkel's conservatives. "The minimum wage is coming," SPD Labour Minister Andrea Nahles said at a news conference in Berlin.

  • MOSCOW, April 2- Russian lender Binbank said it could buy the Moscow subsidiary of Ukraine's Privatbank in two weeks, ousting its Ukrainian owners who say the bank is a victim of "political tensions" between Moscow and Kiev.