Latest Business News Wires - Business Headlines


  • Feb 12- U.S. health regulators on Wednesday approved the Johnson& Johnson and Pharmacyclics Inc cancer drug Imbruvica to treat chronic lymphocytic leukemia, a slowly progressing form of blood cancer.

  • NEW YORK, Feb 12- Thomson Reuters Corp forecast that revenue would be flat in 2014 and reported worse-than-expected fourth-quarter results, as financial customers in Europe and Asia cut back on spending and the legal business weakened in Latin America.

  • *Procter& Gamble drags on Dow, S&P 500 after outlook. TripAdvisor rallies after results; Lorillard, Intuit fall. NEW YORK, Feb 12- The S&P 500 rose slightly on Wednesday as a slide in Procter& Gamble's shares kept gains in check after a four-day rally took the benchmark index within striking distance of a record high.

  • J&J, Pharmacyclics drug gets U.S. approval for leukemia Wednesday, 12 Feb 2014 | 1:19 PM ET

    Feb 12- U.S. health regulators on Wednesday approved the Johnson& Johnson and Pharmacyclics Inc cancer drug Imbruvica to treat chronic lymphocytic leukemia, a slowly progressing form of blood cancer. The Food and Drug Administration decision marks the second approval recently for the medicine, known chemically as ibrutinib.

  • *India sets sugar support at 3,333 rupees/ tonne. NEW YORK/ LONDON, Feb 12- Cocoa futures in New York and London hit 2-1/ 2- year highs on Wednesday on worries that potential El Nino weather conditions could curb global cocoa output, while raw sugar prices rallied the most in almost two weeks on short-covering.

  • WASHINGTON, Feb 12- The U.S. government on Wednesday released the final version of standards meant to help companies in nationally critical industries better defend against cyber attacks, and officials now face the challenge of getting the private sector to adopt the voluntary measures.

  • WASHINGTON, Feb 12- Egypt is ready to discuss deepening its trade agreement with the European Union to include services, the country's Trade and Industry Minister Mounir Fakhry Abdel Nour said on Wednesday.

  • LONDON/ FRANKFURT, Feb 12- France's Danone is weighing a sale of its tube feeding products business which could fetch over 3 billion euros as it expands its dairy business in higher-growth emerging markets, three people familiar with the deal said.

  • The Democratic-controlled Senate at 1:45 p.m. will take a procedural vote on the "clean" debt ceiling hike passed on Tuesday by the House of Representatives, where Republicans hold the majority. Should the legislation receive the required 60 votes to advance, the Senate will move immediately to a final vote on the measure, said Reid, a Democrat.

  • LONDON, Feb 12- The Bank of England's view that Britain's main interest rate will have risen to about 2 percent in three years is roughly in line with that held by a majority of economists who took part in a Reuters poll on Wednesday. BoE Governor Mark Carney stressed any increases in borrowing costs would be gradual.

  • OTTAWA/ TORONTO, Feb 12- Finance Minister Jim Flaherty, freshly armed with C $500 million to subsidize Canada's auto sector, signaled on Wednesday the federal government might offer substantial cash to keep Chrysler Group from closing an Ontario minivan plant.

  • NEW YORK, Feb 12- New York's financial regulator on Wednesday said the explosive growth of non-bank mortgage servicers is a "troubling trend" that must be confronted "before more homeowners get hurt."

  • NEW DELHI, Feb 12- India granted a subsidy for raw sugar output to tackle a chronic surplus of the refined product, in a move that is likely to boost exports of raws by the second-biggest producer after Brazil and put downward pressure on world prices. A rise in sugar refining capacity in Asia and Africa has now given an opportunity to export raws.

  • Mozilla plans to sell ads in Firefox browser Wednesday, 12 Feb 2014 | 12:19 PM ET

    SAN FRANCISCO, Feb 12- Mozilla, the company behind the Firefox Internet browser, will start selling ads as it tries to grab a larger slice of the fast-expanding online advertising market.

  • UPDATE 1-Peugeot and Dongfeng reach outline deal -sources Wednesday, 12 Feb 2014 | 12:17 PM ET

    *Peugeot reaches outline deal with Dongfeng, France- sources. PARIS, Feb 12- PSA Peugeot Citroen has reached an outline deal with Dongfeng and France to raise up to 4 billion euros in fresh capital and deepen cooperation with the Chinese carmaker, sources familiar with the matter said.

  • FRANKFURT, Feb 12- The status of the European Central Bank's flagship crisis-fighting tool is unchanged after the assertion of Germany's top court that it exceeded the bank's mandate, ECB Executive Board member Benoit Coeure said.

  • NEW YORK, Feb 12- Bill Cosby, speaking as the obstetrician Heathcliff Huxtable on his 1980 s eponymous television show, once told his sitcom child: "Your mother and I are rich. Many do so at the expense of their own retirement security, according to November 2013 findings from Merrill Lynch.

  • NEW YORK Feb 12- The British pound rose to a two-week high against the dollar on Wednesday after the Bank of England raised growth forecasts and hinted Britain may raise interest rates next year. "It's a sterling day," said David Gilmore, partner at FX Analytics in Essex, Connecticut.

  • WASHINGTON, Feb 12- The law firm Milbank, Tweed, Hadley& McCloy announced on Wednesday that it has rehired George Canellos, one of the former chief enforcers of U.S. securities laws. Canellos left his post as the co-head of the enforcement division of the Securities and Exchange Commission in January.

  • BOSTON, Feb 12- Fidelity Investments, the No. 2 U.S. mutual fund company, said on Wednesday that operating profit rose 13 percent to $2.6 billion last year as clients pulled less money from its funds.