Latest Business News Wires - Business Headlines


  • *Bunge says poor soy crushing margins in China to improve. CHICAGO, April 25- U.S. wheat futures touched their highest level in more than a week on Friday as escalating tensions in Ukraine heightened fears of supply disruptions and forecasts for drier-than-expected weather fueled concerns about crop damage in the U.S.

  • April 25- The Canadian government said on Friday companies should raise wages to encourage more Canadians to apply for unfilled jobs, saying the freeze it imposed this week on restaurants hiring temporary foreign workers is a wake-up call for all employers.

  • NEW YORK, April 25- Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • *S&P downgrades Russia credit rating. NEW YORK, April 25- Yields on U.S. 30- year bonds fell to their lowest in more than nine months on Friday, sliding for a fourth straight session, as investors sought the safety of bonds after Russia unexpectedly raised rates hours after the S&P downgraded the country's credit rating.

  • Bond guru Gundlach calls for shorting homebuilders Friday, 25 Apr 2014 | 3:46 PM ET
    Jeffrey Gundlach

    Home ownership rates in the United States will likely fall to levels last seen in the 1980s, Jeffrey Gundlach says.

  • *Australian and New Zealand dollars both rise vs greenback. NEW YORK, April 25- Investors moved to the safety of the yen and Swiss franc on Friday, unnerved by escalating tensions between the West and Russia over Ukraine, and also took advantage of higher yielding Pacific currencies.

  • SLAVIANSK, Ukraine/ MOSCOW, April 25- The United States said on Friday it was prepared to impose further sanctions on Russia over its actions in Ukraine, where armed pro- Moscow separatists seized a bus carrying international mediators, escalating the two-month-old crisis.

  • *U.S., Europe prepare more sanctions against Russia. NEW YORK/ LONDON, April 25- Gold rose to close at $1,300 an ounce on Friday, extending the previous day's sharp reversal from a 2-1/ 2 month low, as violence in Ukraine boosted bullion's safe-haven appeal, and weakness in equity markets also supported gold.

  • *Mylan offering 145 SEK/ share for Sweden's Meda. NEW YORK/ STOCKHOLM, April 25- U.S. generic drugmaker Mylan has made a new and improved bid for Meda valuing its Swedish rival at around $9 billion including debt, a person familiar with the matter said on Friday.

  • NEW YORK, April 25- General Electric Co expects annual profit from energy investments to double to nearly $800 million by 2020, highlighting the conglomerate's desire to remain a financing powerhouse for industry even as it slims its credit card portfolio.

  • The 2nd U.S. Circuit Court of Appeals in New York said shareholders presented a "plausible claim" that a 12 percent drop on June 28, 2012, in the price of their American depositary shares stemmed from misrepresentations by Barclays and several officials, including one-time Chief Executive Robert Diamond.

  • WASHINGTON, April 25- The United States is working with its allies so that the next round of sanctions against Moscow will put more pain on the Russian economy, Treasury Secretary Jack Lew said on Friday.

  • WASHINGTON, April 25- A U.S. appeals court on Friday revived patent claims Apple made against Google's Motorola Mobility unit that had been dismissed shortly before trial, giving the iPhone maker another chance to seek a sales ban against its smartphone competitor.

  • NEW YORK, April 25- More than five years after his indictment, a U.S. money manager and one-time part owner of the New York Islanders hockey team pleaded guilty Friday to engaging in a massive securities fraud.

  • *Amazon shares fall after results; Visa, Ford also down. NEW YORK, April 25- U.S. stocks fell on Friday, pulled lower by a decline in consumer discretionary stocks, as bellwether names Amazon.com and Ford Motor fell in the wake of their quarterly earnings. Amazon was the S&P 500' s worst performer, down 9.3 percent, and other high-flying sectors were dropping with it.

  • *Wall St down on Ukraine fears; weak results from Ford, Amazon. NEW YORK, April 25- Wall Street fell sharply on Friday as tensions between Ukraine and Russia weighed heavily on global equity markets and the rouble, while yields on the 30- year U.S.

  • April 25- Bank of America Corp's former finance chief, Joe Price, has agreed to pay $7.5 million to settle a New York lawsuit that accused the bank and its former executives of misleading investors during the lender's acquisition of Merrill Lynch.

  • WASHINGTON, April 25- A U.S. Senate bill on housing finance reform could undermine the stability of the mortgage market if it became law in its current form, the head of government-run mortgage financier Freddie Mac warned the company's regulator.

  • Union plus Rustenburg mines could sell for $1- 2 bln- analysts. LONDON/ JOHANNESBURG, April 25- If Anglo American pushes ahead to divest underperforming platinum assets, a sale to a small South African company that specialises in squeezing profit out of mines nearing the end of their lives is seen as the most likely option.

  • COLOMBO, April 25- Sri Lanka's parliament approved a $400 million development by Australian casino operator Crown Resorts Ltd on Friday, but said it would not be allowed to open a casino there.