Latest Business News Wires - Business Headlines


  • NEW YORK, July 18- U.S. stock index futures rose modestly on Friday, putting the S&P 500 on track to bounce from its biggest decline since April 10, ahead of data on consumer sentiment.

  • Johnson Controls revenue rises 3 pct on China demand Friday, 18 Jul 2014 | 7:23 AM ET

    July 18- Johnson Controls Inc, the largest U.S. auto parts maker, reported a 3 percent rise in quarterly revenue, as revenue from its car seats and interior parts business rose 7 percent. Demand in the business was driven mainly by China, which contributed $1.8 billion to the division's revenue of $5.7 billion in the third quarter ended June 30.

  • Interpublic revenue rises on higher ad spending Friday, 18 Jul 2014 | 7:18 AM ET

    July 18- Advertising company Interpublic Group of Cos Inc reported a 5.4 percent rise in quarterly revenue, boosted by a strengthening international market and higher ad spending in the United States.

  • UPDATE 2-Hermes sales hit by weakness in Japan Friday, 18 Jul 2014 | 7:15 AM ET

    Sales growth in Japan, one of its biggest markets, slowed dramatically to just 1.6 percent from 21.7 percent in the previous quarter when trading was boosted by price increases and advanced purchases ahead of a VAT hike on April 1.

  • *Ericsson surges after earnings to provide support. LONDON, July 18- European shares fell on Friday as the shooting down of a passenger plane over Ukraine stoked tensions between Russia and the West and sapped appetite for assets which depend on economic growth.

  • Honeywell profit boosted by turbocharger sales Friday, 18 Jul 2014 | 7:07 AM ET

    July 18- Honeywell International Inc, a maker of aircraft cockpit parts and other electronic equipment, reported a 7.6 percent jump in quarterly profit, helped by higher sales of turbochargers. Net income attributable to Honeywell rose to $1.10 billion, or $1.38 per share, in the second quarter ended June 30, from $1.02 billion, or $1.28 per share, a year earlier.

  • July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the health technology company at about $2.57 billion at the top end. Catalent's IPO of 42.5 million shares is expected to raise about $935 million at the top end of the expected price range.

  • July 18- General Electric Co posted a 13 percent rise in quarterly net income on Friday, helped by increases in sales of its jet engines and oil and gas equipment. Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.

  • New York, July 18- Lower Manhattan's economy is set to take-off. The massive developments are bringing back jobs lost as a result of the attacks on the World Trade Center, which killed 2,753 people. A lot of construction work is still underway in the area, with the noise of drills and heavy equipment reverberating off the high rises around the World Trade Center site.

  • One such deal came on Tuesday, when Camel cigarettes maker Reynolds American said it would buy rival Lorillard for $26.8 billion. As part of the takeover, Britain's Imperial Tobacco Group bought a number of brands and assets from both companies for $7.1 billion. Imperial adviser Goldman Sachs ranked top in the M&A league tables, ahead of Morgan Stanley and Citi.

  • Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.

  • LONDON, July 18- Gold dropped on Friday, set for its first week of decline in seven on fears of higher U.S. rates and as investors took profits after a 1.5 percent jump on the downing of a passenger plane in eastern Ukraine.


  • MADRID, July 18- European Central Bank policymaker Jens Weidmann said on Friday that loose monetary policy had "done its bit" to maintain price stability in the euro zone, but cited a litany of long-term dangers from easy money.

  • FedEx slapped with US charges over online drugs Friday, 18 Jul 2014 | 6:26 AM ET
    FedEx workers unload packages from a delivery truck in San Francisco, California.

    FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.

  • BANGKOK, July 18- Thailand's military government has postponed for one year an auction for fourth-generation mobile phone bandwidth, potentially causing billions of dollars of lost investment and sales in a sector that accounts for a tenth of the economy.

  • Crimea supplies grain products to Turkey - Russia Friday, 18 Jul 2014 | 6:06 AM ET

    MOSCOW, July 18- The Crimea region, annexed by Russia from Ukraine earlier this year, has supplied grain products to Turkey, Russia's Veterinary and Phytosanitary Surveillance Service said in a statement on Friday. Crimea began exporting grain to Saudi Arabia and Cyprus in late June but Ukraine protested over the shipments, questioning their legal basis.

  • BERLIN, July 18- Moscow needs to recognize its responsibility for ensuring the peace process advances in Ukraine, where a ceasefire is needed to investigate the crash of a commercial airliner close to the Russian border, German Chancellor Angela Merkel said on Friday.

  • SINGAPORE, July 18- The second fatal incident involving Malaysia Airlines in four months will deepen the slump in ticket sales and force the government to speed up any plan to rescue the stricken flagship carrier, bankers say.

  • MOSCOW, July 18- Top Russian oil producer Rosneft said it would continue to work on existing projects and agreements and honour its obligations despite U.S. sanctions slapped on the company over Moscow's role in the Ukraine crisis.