Latest Business News Wires - Business Headlines


  • UPDATE 4-GE reshapes Alstom offer to appease France Thursday, 19 Jun 2014 | 8:34 PM ET

    *GE to sell rail signalling unit to Alstom. *Alstom board to decide by Monday, no Alstom comment. PARIS, June 19- General Electric revised its bid for the power arm of Alstom on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens and Mitsubishi Heavy Industries.

  • SINGAPORE, June 20- Gold eased on Friday after posting its biggest one-day rise in nine months but the safe-haven metal was still trading near April highs and was on track to post its best week in two months, boosted by technical buying and geopolitical tensions.

  • NYMEX-U.S. crude up for 2nd day on Iraq supply risks Thursday, 19 Jun 2014 | 8:30 PM ET

    SEOUL, June 20- U.S. crude futures climbed towards $107 a barrel in early Asian trade on Friday, supported by the risk of conflict in Iraq disrupting oil supplies, as the United States said it would send military advisers to the country.

  • *World share index hits record high, Japan stocks near 5- month top. SYDNEY, June 20- An index of global stocks was near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered policies would stay super loose in the United States, Europe and Japan for a long time to come.

  • SAN FRANCISCO, June 19- Investors in March fired G. Steven Burrill as the head of a $283 million venture-capital fund he ran, amid alleged fraud and misuse of capital, according to a lawsuit.

  • DIARY - Top economic Events to July 2 Thursday, 19 Jun 2014 | 8:01 PM ET

    LUXEMBOURG- Meeting of the Economic and Financial Affairs Council. BRUSSELS- ECB Executive Board member Yves Mersch speaks at the panel discussion on "What form of fiscal capacity does the EMU need? of the conference "Economic shock absorbers for the Eurozone: Deepening the debate on automatic stabilisers" in Brussels, Belgium.

  • *Dollar index steadier, off one-month lows. SYDNEY, June 20- The dollar stayed under pressure early on Friday, but managed to reverse some of its losses in a quieter session overnight after upbeat U.S. data helped temper the fallout from the Federal Reserve's surprisingly dovish policy outlook.

  • NEW YORK, June 19- Dov Charney, the ousted founder of hipster clothing brand American Apparel Inc, has seen his share of lawsuits accusing him, and the company, of misdeeds ranging from sexual harassment to misleading shareholders. Here are some of the cases Charney and American Apparel have faced since its founding in the late 1990 s.

  • SAN FRANCISCO, June 19- Oracle Corp on Thursday posted fiscal fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services, sending its shares lower.

  • The debt package exceeds $40 billion and includes a bridge loan of roughly $20 billion from Japan's Softbank Corp to Sprint, as well as some $20 billion refinancing of T-Mobile's existing debt, the people said this week.

  • June 19- General Motors Co may end up compensating many more people than the families of 13 victims it has linked to a faulty ignition switch, as it considers waiving key legal defenses in order to resolve injury and death cases out of court.

  • The patent court had split 5-5, effectively upholding a lower court decision but offering no clear guidance, prompting the Supreme Court to take the case.

  • SAN JOSE, Calif., June 19- A U.S. judge on Thursday said she had concerns about approving a $324.5 million settlement involving Apple, Google and two other tech companies in a lawsuit accusing them of conspiring to avoid poaching each other's workers.

  • *BofA, Barclays, Citigroup and Credit Suisse among lead underwriters. June 19- Shares of Markit Ltd rose as much as 12.5 percent in their market debut, valuing the financial data provider at $4.83 billion and raising about $1 billion for its 12 bank shareholders.

  • June 19- Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process was not started.

  • *Telenor stake for sale worth $7.1 billion. OSLO, June 19- Norway's government will ask parliament for the right to cut its stakes in telecommunications company Telenor and industrial group Kongsberg Gruppen to 34 percent of each entity, the trade minister said on Thursday.

  • NEW YORK, June 19- U.S. drugmaker AbbVie Inc has recently approached London- listed Shire PLC about a potential takeover, according to people familiar with the matter, marking the latest attempt by U.S. healthcare companies looking to acquire overseas rivals partly to lower their tax rates.

  • *Citigroup and J.P. Morgan underwriters to IPO. London- based VTTI listed Citigroup and J.P. Morgan as lead underwriters to its IPO.

  • LOS ANGELES June 19- The board of hipster clothing brand American Apparel Inc has ousted founder Dov Charney as chairman and said it was preparing for the controversial executive to fight his removal. American Apparel replaced the 45- year-old Charney as chairman late Wednesday, citing unspecified allegations of misconduct.

  • June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.