Latest Business News Wires - Business Headlines


  • GENEVA, Feb 5- Kazakhstan's central bank governor Kairat Kelimbetov expects to see a lot of emerging market currency devaluations this year, with the Russian rouble likely to be "close to collapse again," he said in Geneva on Wednesday.

  • NEW YORK, Feb 5- The U.S. Defense Department remains skeptical of mergers involving its major contractors, a Pentagon official said on Wednesday, amid industry expectations that defense deal-making could revive this year.

  • Feb 5- Green Mountain Coffee Roasters Inc, maker of the popular Keurig single-cup coffee brewer, said on Wednesday that the Coca-Cola Co bought a 10 percent stake in it for $1.25 billion and would help launch Green Mountain's new cold drink machine planned for next year.

  • *4th- qtr operating earnings $2.20 vs est $2.23. Feb 5- Prudential Financial Inc, the second-largest U.S. life insurer, reported a lower-than-expected adjusted operating income due to pretax losses related to the weakening of Japanese yen against the dollar.

  • Feb 5- Akamai Technologies Inc forecast better-than-expected results for the current quarter after the internet content delivery service provider renegotiated pricing terms with its biggest media client. Akamai's shares, which rose about 5 percent in post-market trading after the results, jumped as much as 18 percent on news of the renegotiation.

  • CAIRO, Feb 6- Egyptian army chief Field Marshal Abdel Fattah al-Sisi has said he will run for president, a Kuwaiti newspaper reported on Thursday. In July, Sisi toppled Egypt's first freely elected president, Islamist Mohamed Mursi, after mass protests against his rule.

  • MEXICO CITY, Feb 5- British companies recognize the security threats posed by Mexico's drug violence but are more focused on opportunities in a batch of economic reforms in Latin America's No.2 economy, Britain's visiting deputy prime minister said on Wednesday.

  • WASHINGTON, Feb 5- The top U.S. audit watchdog said on Wednesday that the United States and China are close to striking a deal that would allow Washington to inspect the audit work of accounting firms in China.

  • For example, the price discussed for 24 weeks of Sovaldi therapy would run about $2,500 for certain patients at public hospitals, community clinics and non-governmental agencies in India, the Hindu Business Line reported earlier this week.

  • CHICAGO, Feb 5- Syngenta AG, under pressure from U.S. grain exporters to suspend sales of seeds containing a new genetically modified corn trait that is not approved in China, said on Wednesday it has already "sold out" of the product.

  • FOREX-Yen supported as markets stay jittery, ECB eyed Wednesday, 5 Feb 2014 | 5:56 PM ET

    SYDNEY, Feb 6- The yen hovered near multi-month highs against the dollar and euro early on Thursday, highlighting a cautious mood among investors still fretting about the recent selloff in emerging markets. The outcome of the European Central Bank policy review is due later on Thursday, followed by U.S. jobs data on Friday.

  • U.S. Northeast carbon market emissions drop in 2013 Wednesday, 5 Feb 2014 | 5:55 PM ET

    The nine states- Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont- last month approved a change to the program from 2014 that would cap emissions at 91 million tons, a 45 percent reduction from the original cap, to encourage more trading.

  • NEW YORK, Feb 5- The price of Renewable Identification Number credits extended gains on Wednesday, with refiner buying helping push ethanol RINs for the 2013 compliance year past the 50 cent mark for the first time since September, traders said. E13 RINs traded as high as 53 cents each, traders said, and were heard traded at 52.5 cents by mid-afternoon.

  • BRASILIA, Feb 5- A Cuban doctor working in Brazil sought asylum on Wednesday complaining that Cuba's communist government takes too big a slice of her pay, authorities said.


  • Shutterfly forecast current-quarter adjusted loss of 86- 92 cents per share, way above the 42 cents loss analysts on average were expecting, according to Thomson Reuters I/B/E/S. Shutterfly gets most of its revenue from selling photo books, greeting cards and stationery from users' photos and competes with Hewlett-Packard's Snapfish and Facebook Inc..

  • *Gilead Sciences shares weigh the most on S&P 500. NEW YORK, Feb 5- U.S. stocks slipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week.

  • CORRECTED-Marathon Oil quarterly profit lower Wednesday, 5 Feb 2014 | 5:39 PM ET

    Feb 5- Marathon Oil Corp said on Wednesday its quarterly profit fell and the U.S. oil and gas company saw a 23 percent decline in the price for its Canadian crude. The Houston company had a fourth-quarter profit of $375 million, or 54 cents per share, compared with $569 million, or 80 cents per share in the prior quarter.

  • Secret Service visited the office of a Pennsylvania- based refrigeration contractor, Fazio Mechanical Services, in connection with an investigation of the Target Corp consumer data breach, a spokesman for the agency said on Wednesday.

  • *MSCI world index slightly higher after mixed U.S. data. Relative calm in the markets of vulnerable emerging nations Turkey, South Africa and Russia helped to offset some of the recent jitters.