Latest Business News Wires - Business Headlines


  • July 22- U.S. air carriers Delta Air Lines and US Airways, a unit of American Airlines Group, on Tuesday said they have halted flights to Israel to ensure passenger safety. Esther Castiel, who heads US Airways' operations in Tel Aviv, said the FAA had "issued a request not to travel to Israel.

  • MOSCOW, July 22- Russia could ask its richest citizens to help foot the bill for the annexation of Crimea by paying a "solidarity tax" proposed by a group of lawmakers. His reference to the "new territories" made clear that a key intention was to help the government pay for Crimea's absorption into Russia.

  • NEW YORK, July 22 (Reuters)- Brent crude oil futures edged higher in choppy trading on Tuesday, as traders searched for direction amidst political tensions in Ukraine and Gaza, and U.S. prices were supported by expectations of a drop in national stockpiles.

  • *Mozambique coal ambitions face setback in depressed market. MAPUTO, July 22- A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said.

  • NEW YORK, July 22- Global equity markets and the dollar rode a rebound in risk appetite on Tuesday, lifting the S&P 500 to a record high, helped by signs of cooperation from Ukraine's pro-Russian separatists over the downing of the Malaysian Airlines jetliner.

  • VW boss to address German workers over cost cuts Tuesday, 22 Jul 2014 | 11:45 AM ET

    BERLIN, July 22- Volkswagen's chief executive will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand.

  • *Governor writes letter to parliament. SOFIA, July 22- Bulgaria's Central Bank Governor Ivan Iskrov told parliament on Tuesday he was ready to step down if it can agree on a successor first.

  • NEW YORK, July 22- A federal appeals court on Tuesday ordered Travelers Cos Inc to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in bankruptcy during the 1980 s.

  • *China output near record levels, CIS growth strong. China produces around half the world's steel, but output growth remained strong at 3.6 percent in North America and at 1.8 percent in the CIS- the third and fourth-largest producing regions after Asia.

  • WASHINGTON, July 22- Immediate government action is needed to plug a loophole that allows U.S. corporations to avoid federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance Committee said on Tuesday.

  • July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.

  • July 22- Omnicom Group Inc, the No.1 U.S. advertising company, said it was sticking with its annual organic revenue growth target, showing little effect from its aborted $35 billion merger with France's Publicis Groupe. Omnicom shares, which have gained 9 percent since the deal fell apart in May, rose as much as 1.4 percent on Tuesday.

  • NEW YORK, July 22- Billionaire investor William Ackman fired another volley on Tuesday in his 19- month-long war against Herbalife, this time taking aim at the company's use of nutrition clubs for recruiting, claiming they violate U.S. labor laws.

  • *U.S. players include Gogo, Honeywell, Golden Eagle. LONDON, July 22- The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.

  • The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.

  • NEW YORK, July 22- The dollar rose on Tuesday as U.S. bond yields held firm on the view the world's biggest economy is expanding enough for the Federal Reserve to further reduce stimulus despite data showing a mild pullback in some domestic prices in June.

  • BRUSSELS, July 22- The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine, but failed to back tough talk with any immediate action after France's president signalled the disputed delivery of a warship to Moscow would go ahead.

  • European shares bounce back as Ukraine tension ease Tuesday, 22 Jul 2014 | 11:25 AM ET

    LONDON, July 22- European shares rose on Tuesday on some strong earnings reports and signs of improved cooperation from Ukraine's pro-Russian rebels over the Malaysian Airlines plane shot down four days ago.

  • US STOCKS-Wall Street up on data, mixed earnings Tuesday, 22 Jul 2014 | 11:14 AM ET

    *EU threatens Russia with more sanctions, but words ring hollow. NEW YORK, July 22- U.S. stocks rose on Tuesday as inflation data was seen keeping the Federal Reserve in an equities-friendly tone, while hopes rose for an easing of tensions in Ukraine.

  • UPDATE 2-UAE lender NBAD lifts profit forecast Tuesday, 22 Jul 2014 | 11:14 AM ET

    ABU DHABI, July 22- National Bank of Abu Dhabi raised its 2014 profit forecast as a buoyant economy and a surge in fee-based income helped it to beat second-quarter expectations and rein in projected provisions to cover bad loans. Economists forecast the UAE economy will grow by 4.3 percent this year, boosting demand for banking services.