Latest Business News Wires - Business Headlines


  • SEATTLE, Aug 11- The head of Boeing Co's defense, space and security business said on Monday that nearly two-thirds of the $6 billion in cost cutting the unit is undertaking will come from savings found in its network of suppliers. Boeing already has cut $4 billion in costs from the defense unit, which has annual sales of $33 billion.

  • Aug 11- Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.

  • WASHINGTON, Aug 11- A U.S. senator from Alaska concerned about salmon fishing and tourism urged the State Department in a letter released on Monday to help ensure that Canadian metal mines are safe after a major spill of waste into waterways near the Alaska border.

  • Aug 11- Juice maker Cutrale and investment firm Safra Group said on Monday they had offered to acquire U.S.-based Chiquita Brands International Inc in a $610.5 million cash deal that rivaled an all-stock agreement with Irish tropical fruit company Fyffes Plc. The combined market value of Chiquita and Fyffes is currently close to $1 billion.

  • MEXICO CITY, Aug 11- Mexican President Enrique Pena Nieto on Monday signed a package of laws that will serve as a rule book for comprehensive energy reform designed to lure billions of dollars in investment to the country's ailing oil, gas and electricity sectors.

  • Houston- based Kinder Morgan Inc, the biggest U.S. pipeline company, said it will consolidate into a single corporation, folding together its existing organization of several master limited partnerships. The Treasury statement, sent in an email, came in answer to questions from Reuters following Kinder Morgan's news.

  • *Russia sending humanitarian convoy to Ukraine. NEW YORK, Aug 11- U.S. stocks ended higher on Monday, extending the rally from Friday as investors hoped that Russia's move to send humanitarian aid to Ukraine would ease tensions between the two countries.

  • Aug 11- Rackspace Hosting Inc reported better-than-expected quarterly revenue, helped by higher demand for its cloud management services, and it forecast current-quarter revenue above analysts' estimates.

  • BUENOS AIRES, Aug 11- Argentina on Monday called on Washington to intervene in a court case over the country's defaulted debt after a U.S. district judge threatened the South American country with contempt for making what he called false statements.

  • *KKR teams up with Rhone Capital for $3.1 bln takeover offer. HONG KONG, Aug 12- A KKR& Co- led takeover of Australia's Treasury Wine Estates Ltd would likely lead to a long and drastic overhaul, resulting in a much smaller but more profitable company, bankers familiar with the matter said.

  • SEOUL, Aug 12- The Bank of Korea is expected to cut interest rates this week, a Reuters survey shows, in what would mark a sharp turnaround from its recent hawkish policy stance and raise questions about the bank's ability to forge its independence in the face of government pressure.

  • By Christine Kim and Choonsik Yoo. SEOUL, Aug 12- The Bank of Korea is forecast to cut interest rates this week, a Reuters survey shows, a sharp turnaround in market expectations over the past month that raises questions about the central bank's independence.

  • NEW YORK, Aug 11- A global gauge of equities rose for a second straight day on Monday, posting its largest daily advance in four months on bets on a reduced risk of direct conflict between Russia and Ukraine.

  • Nuance Communications reports bigger quarterly loss Monday, 11 Aug 2014 | 4:15 PM ET

    Aug 11- Speech recognition software maker Nuance Communications Inc reported a bigger third-quarter loss as costs rose.

  • NEW YORK, Aug 11- U.S. stocks ended higher for a second session on Monday as investors focused on hopes for easing tensions between Ukraine and Russia. Based on the latest available data, the Dow Jones industrial average rose 16.05 points or 0.10 percent, to end unofficially at 16,569.98.

  • NEW YORK, Aug 11- The euro fell against the dollar on Monday, giving up Friday's gains, hampered by looming monetary easing from the European Central Bank and worries about the impact of the Russia- Ukraine conflict on Germany, the euro zone's largest economy. Germany is Russia's largest trading partner in the European Union.

  • Kansas, which was under investigation for four years, has already implemented reforms in how it discloses its pension liabilities and has agreed to settle the charges for its prior incomplete disclosures, without admitting or denying the charges, the SEC said.

  • *Worries persist about Gaza, Iraq and Ukraine. NEW YORK, Aug 11- U.S. government debt yields were little changed on Monday, hovering near recent lows as traders clung to their safe-haven bond holdings on anxiety about tensions in the Middle East and Ukraine.

  • NEW YORK/ LONDON, Aug 11- Gold prices were little changed on Monday as rising global equities, and an apparent easing of tensions over Ukraine and the Middle East, prompted bullion investors to lock in profits above $1,300 an ounce.

  • *RBS exploring sale of Coutts International. *Coutts International has come forward in U.S. tax probe.