Latest Business News Wires - Business Headlines


  • Steelmaker Evraz's U.S. unit files for IPO Friday, 26 Sep 2014 | 12:29 PM ET

    Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares. Citigroup and Goldman Sachs& Co were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus on Friday.

  • SAO PAULO, Sept 26- Brazil's President Dilma Rousseff has regained the momentum in an election race that looks too close to call just a week before the first round of voting, using a wave of attacks to halt a surge by challenger Marina Silva.

  • NEW YORK, Sept 26- Shares of Janus Capital soared on Friday, with the stock on track for its best one-day advance in its history, after Janus said famed bond investor Bill Gross would join the company. A source familiar with the matter told Reuters that the development came a day before Pimco and its parent, German insurer Allianz SE, planned to dismiss Gross.

  • NEW YORK, Sept 26- Creditors suing Argentina over defaulted debt will not object to Citigroup Inc's request to put on hold a U.S. court order preventing it from processing an imminent payment issued under Argentina's local laws, a source said Friday.

  • LONDON, Sept 26- The London Metal Exchange, looking to boost profits, has scope for a significant hike to its trading fees whilst remaining competitive with arch U.S. rival CME Group.

  • RIO DE JANEIRO, Sept 26- Brazilian steelmaker Usiminas said on Friday its board had dismissed Chief Executive Julian Eguren in a divided vote, as two controlling stakeholders clashed over the appointment of senior managers in the firm.

  • From $1.27 on Friday, predictions by some of the currency market's top 10 banks including Goldman Sachs, Barclays and Morgan Stanley point to the first retreat for the euro to parity or near-parity with the dollar in more than a decade.

  • NEW YORK, Sept 26- Bill Gross, one of the bond market's most renowned investors, on Friday quit Pimco, the huge investment firm he co-founded more than 40 years ago and with which his name has been effectively synonymous, for Janus Capital Group, a distant rival in the asset management arena.

  • But BlackBerry's hardware unit also offered hopeful news, posting an adjusted profit for the first time in five quarters, helped by lower manufacturing costs and strong demand for its low-end Z3 handsets in emerging markets. BlackBerry shares were up 7.6 percent at C $11.70 on the Toronto Stock Exchange and up 7.4 percent at $10.51 on Nasdaq.


  • *Air Berlin cancels orders for 18 737 s, 15 787 s. FRANKFURT, Sept 26- Loss-making German airline Air Berlin has cancelled orders for Boeing aircraft worth a total of $5 billion at list prices as it strives to curb spending and return to profit.

  • WARSAW, Sept 26- Polish airline LOT said the emergency landing made by one of its planes in Scotland on Friday had been down to a faulty fire alert system and not by a fire. "The emergency landing of the plane was caused by a glitch in the fire protection system," LOT's spokeswoman, Barbara Pijanowska-Kuras, said.

  • Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York- based hedge fund Kynikos Associates LP, in federal court in San Francisco.

  • NEW YORK, Sept 26- U.S. stocks were higher approaching the midpoint of the session on Friday, with major indexes staging a modest bounce back from their biggest drop since July, after data showed the economy grew at its fastest pace in more than two years.

  • *Spain lifts 2014 GDP forecast to 1.3 pct from 1.2 pct. MADRID, Sept 26- Spain on Friday raised its forecast for economic growth this year and next, in contrast with countries like Italy and France that are lowering their outlook.

  • HOUSTON, Sept 26- Brent crude futures eased in choppy trading on Friday on improving supply and concerns about tepid demand for oil in Europe and China, while U.S. crude rose on supportive data from the United States. Slowing economic activity in Europe and Asia has dampened demand for oil, while supply is on the rise.

  • *Serbia hopes to reserve 200 mcm of gas in Hungary. NOVI SAD, Serbia, Sept 26- Serbia's chief gas distributor said it hoped to reserve 200 million cubic metres of gas in neighbouring Hungary for the coming winter, while its own inflows of Russian gas were down by 20 percent for a third day on Friday.

  • NEW YORK, Sept 26- World equity markets climbed on Friday as data showed the U.S. economy grew at its fastest pace in more than two years in the second quarter, while U.S. bond prices dipped after news high-profile investor Bill Gross is leaving Pimco for a rival firm.

  • Nike shares hit record high as profit beats estimates Friday, 26 Sep 2014 | 11:06 AM ET

    Sept 26- Nike Inc's shares rose as much as 11 percent to a record high on Friday after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting brokerages to raise their price targets on its stock.

  • NEW YORK, Sept 26- U.S. stock investors, despite finding few areas of the market that appear cheap with indexes near records, appear reluctant to jump into what could be the biggest bargain out there. Bank of America, Citigroup and JPMorgan Chase all have NIMs below the industry medium of 3.6 percent.