Latest Business News Wires - Business Headlines


  • NEW YORK- Pfizer Inc has agreed to pay $190 million to settle a class action lawsuit alleging the pharmaceutical company took steps to delay market entry of generic versions of its epilepsy drug Neurontin, according to court documents filed on Monday.

  • JUNEAU, April 21- Alaska's legislature on Monday approved Governor Sean Parnell's plan to join four energy companies in moving ahead on plans to build infrastructure to transport and market 35 trillion cubic feet of North Slope gas to be shipped by an 800- mile pipeline to a liquefied natural gas export plant.

  • LOS ANGELES, April 21- Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers.

  • TORONTO, April 21- Canadian cable, telecommunications and media company Rogers Communications Inc reported a 13 percent drop in first-quarter profit on Monday, as a move to more customer-friendly pricing led to a slip in earnings at its major wireless phone arm.

  • Paul Allen's top money manager to leave post Monday, 21 Apr 2014 | 6:29 PM ET

    SEATTLE, April 21- The lead money manager for Microsoft Corp co-founder Paul Allen is leaving his post this week, marking the latest in a round of high-level departures at the Seattle billionaire's Vulcan Inc organization, which handles his $16 billion fortune.

  • AstraZeneca cancer pipeline likely draw for Pfizer Monday, 21 Apr 2014 | 6:16 PM ET
    A Pfizer technician as she works at Neusentis Ltd.'s research laboratory, a unit of Pfizer Inc., in Cambridge, U.K., on Thursday, Sept. 26, 2013.

    Pfizer Inc may come back to bid for British drug company AstraZeneca Plc after its reported 60 billion pound takeover approach was rejected.

  • NEW YORK, April 21- Netflix Inc, the video streaming service, on Monday criticized AT&T's high-speed fiber network as inadequate and slow, while renewing its call for AT&T to interconnect directly with Netflix.

  • Xilinx Inc eventually asked a California federal judge to declare those IV patents invalid, while IV countersued in Delaware, accusing Xilinx of infringement. The trial in the Xilinx case is scheduled to begin in Delaware next month.

  • BRUSSELS, April 21- The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy makes Europe weak, Poland's Prime Minister Donald Tusk wrote in an article in the Financial Times.

  • BOSTON/ NEW YORK, April 21- Activist investor William Ackman has acquired a nearly 10 percent stake in wrinkle-treatment maker Allergan Inc and is working with Valeant Pharmaceuticals International Inc to buy the company, sources said on Monday.

  • SANTIAGO, April 21- A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd, allowing the agreed deal to clear a hurdle.

  • April 21- A merger between Valeant Pharmaceuticals International Inc and Allergan Inc would create an "unrivaled platform for growth and value creation" in the healthcare sector, a spokesperson for Valeant said on Monday.

  • CHICAGO, April 21- A plan in the new U.S. farm law to help dairy farmers limit losses from rising feed costs or falling milk prices may become a model in coming years for livestock producers who have resisted similar types of insurance.

  • BEIJING, April 22- Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry.

  • *Netflix climbs in extended-hours trading after results. NEW YORK, April 21- U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week.

  • LOS ANGELES, April 21- Video streaming service Netflix Inc reported higher profit that beat Wall Street expectations and said it intends to raise the monthly subscription price for new customers, sending its stock up 6.5 percent in after-hours trading.

  • CHATTANOOGA, Tenn./ DETROIT, April 21- The United Auto Workers, surprising even its supporters, on Monday abruptly withdrew its legal challenge to a union organizing vote that it lost at a Volkswagen AG plant in Chattanooga, Tennessee in February.

  • WASHINGTON, April 21- U.S. Supreme Court justices grilled a lawyer for Coca-Cola Co on Monday, asking why a juice label touting the presence of pomegranates and blueberries should not be considered misleading if the drink contained just a trace of the fruits.

  • *Netflix jumps 6.8 pct in after-hours trade. *Fears about Ukraine persist in wake of fresh violence. NEW YORK, April 21- U.S. stocks rose on Monday, building on last week's rally as investors continued to digest corporate results, while the dollar reached a two-week high against the yen after Japan posted a record trade deficit.

  • LOS ANGELES, April 21- Netflix Inc reported higher profit that beat Wall Street expectations for the quarter that ended in March, boosted by the addition of 2.25 million customers to its movie and TV streaming service in the United States. Net income for the quarter reached $53 million, Netflix said on Monday, an increase from $3 million a year earlier.