Latest Business News Wires - Business Headlines


  • WASHINGTON, Aug 11- The U.S. Securities and Exchange Commission said on Monday it has charged Kansas with fraud for not properly disclosing funding problems with its public pension plan, in the third time the federal regulator has taken action against a state.

  • NEW YORK, Aug 11- A global gauge of equities rose for a second day on Monday, posting its largest daily advance in four months as investors bet on a reduced risk of direct conflict between Russia and Ukraine while tensions in Gaza eased as a new 72- hour truce appeared to be holding.

  • HOUSTON, Aug 11- U.S. refiner Axeon Specialty Products said it won't buy or accept delivery of any cargoes of disputed Kurdish Shaikan crude oil for its Paulsboro, New Jersey refinery, according to a press release received on Monday.

  • BRUSSELS/ LONDON, Aug 11- European Union regulators on Monday began analysing product-by-product the impact of a Russian ban on EU food imports and agreed emergency measures to support peach and nectarine growers in what they described as a "signal of intent".

  • HOUSTON, Aug 11- The biggest U.S. pipeline company, Kinder Morgan Inc, will gain new muscle to acquire rivals after it consolidates as a single company and buys out investors in its publicly traded units for $44 billion, its CEO said on Monday. Kinder Morgan Inc said on Sunday it would put all its units under one roof.

  • *NATO chief sees Russia developing pretext for invasion. BRUSSELS/ DONETSK, Aug 11- President Vladimir Putin said on Monday that Russia is sending an aid convoy to eastern Ukraine despite urgent Western warnings against using humanitarian help as a pretext for an invasion.

  • After offshore oil failure, Cuba shifts energy focus Monday, 11 Aug 2014 | 12:54 PM ET

    *Russia and China balk at deepwater oil exploration. HAVANA, Aug 11- Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.

  • Brent was weaker but the markets were supported by a number of geopolitical risks carrying over from last week, including President Barack Obama's authorization for the first U.S. air strikes on Iraq since he pulled all troops out in 2011..

  • LONDON, Aug 11- GlaxoSmithKline faces new allegations that it bribed Syrian doctors and officials to boost sales of its medicines, following recent accusations of corruption in its non-prescription business in the country.

  • *High risk of Russia intervening in Ukraine- NATO head. LONDON, Aug 11- European shares rebounded on Monday from a two-week drop, with the German DAX market outperforming, after investors concluded Russia would not send troops into Ukraine any time soon.

  • LONDON, Aug 11- After a month on the front line battling Ebola in a hospital in Sierra Leone, the memories that both haunt and inspire British doctor Tim O'Dempsey are of the children. Many memories of children dying in isolation wards while their parents wailed outside.

  • Bulgaria's Corpbank misses final bond payment -sources Monday, 11 Aug 2014 | 12:16 PM ET

    LONDON, Aug 11- Bulgaria's Corporate Commercial Bank failed to make the final payment on a dollar-denominated bond that matured on Friday, two bondholder sources said, increasing the risk bondholders will take legal action against the state.

  • MOSCOW, Aug 11- Moscow's sweeping sanctions on European food have sent Russian restaurateurs, retail chains and food producers scrambling for alternative supplies and bracing for Soviet-style shortages.

  • OSLO, Aug 11- Norway's leading salmon farmers could escape the worst of Moscow's sanctions on Western countries by redirecting some of their produce from farms in Chile to Russia, a top producer and analysts said on Monday.

  • Ukraine, Moscow says sending aid convoy@. BRUSSELS/ DONETSK, Aug 11- NATO said on Monday there was a "high probability" that Russia could launch an invasion of eastern Ukraine under the guise of a humanitarian operation, but a defiant President Vladimir Putin said Moscow was sending an aid convoy into the country.

  • *NATO chief sees Russia developing pretext for intervention. BRUSSELS/ DONETSK, Aug 11- NATO said on Monday there was a "high probability" that Russia could launch an invasion of eastern Ukraine under the guise of a humanitarian operation, but a defiant President Vladimir Putin said Moscow was sending an aid convoy into the country.

  • CHICAGO, Aug 11- With global angst going up several degrees, there are myriad reasons to feel nervous about stocks. As University of Michigan researchers Justin Wolfers and Betsey Stevenson have discovered in a study on economics and happiness, there's a strong link between higher incomes and self-reported levels of life satisfaction and happiness.

  • 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. In 2002 Argentina defaulted on about $100 billion in sovereign bonds.

  • Aug 11- Online travel agency Priceline Group Inc reported a better-than-expected quarterly profit due to a jump in international bookings for hotels, airlines and rental cars at the start of the summer travel season. A bulk of Priceline's bookings come from Netherlands- based Booking.com, Asia- based Agoda.com and UK- based Rentalcars.com.

  • NEW YORK, Aug 11- U.S. stocks rose broadly on Monday, extending Friday's sharp rally as recent uncertainty pertaining to Ukraine and the Middle East appeared to ease, while Priceline rallied on its results.