Latest Business News Wires - Business Headlines


  • *Ukraine accuses Russia of involvement, rebels blame Kiev. KIEV, July 15- Ukraine has made fresh charges of Russian involvement in its conflict with separatist rebels, suggesting Moscow may have had a role in an air strike on Tuesday that killed 11 people.

  • NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the U.S.

  • FARNBOROUGH, England July 15- The supply of Russian titanium to aircraft manufacturers Airbus and Boeing will not be affected by the deterioration of East-West relations over the Ukraine crisis, the Russian deputy trade minister said on Tuesday.

  • METALS-Copper edges up, China growth in focus Tuesday, 15 Jul 2014 | 11:27 AM ET

    *China Q2 gross domestic product due on Wednesday. LONDON, July 15- Copper steadied on Tuesday as optimism about demand for industrial metals from top consumer China and dovish comments from the U.S.

  • *Corn, soy crop conditions best in 20 years- USDA. CHICAGO, July 15- U.S. new-crop corn futures sank to a fresh contract low on Tuesday on forecasts for mild weather to boost the size of the U.S. crop, which already has the best condition rating in 20 years.

  • BEIJING, July 15- Beijing stepped up efforts to re-energize China's economy in June, pumping in more money and pressing banks to extend more loans, but analysts say more stimulus will be needed to sustain recovery.

  • WASHINGTON, July 15- A federal appeals court on Tuesday issued a surprising rebuke to U.S. President Barack Obama and said he deprived a small Chinese-owned firm of its constitutional protections when he squashed its bid to build wind farms close to a U.S. naval training site.

  • WASHINGTON, July 15- U.S. public debt remains on an unsustainable path and will reach 106 percent of economic output in 25 years versus about 74 percent currently, the Congressional Budget Office said on Tuesday, marking a slight increase from projections made last September.

  • FRANKFURT, July 15- Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany. "We could have switched off everything: power, water, gas," Lindner, head of Berlin- based Recurity Labs, an IT security company, said.

  • HAMBURG/ BERLIN, Germany, July 15- Volkswagen plans to cut costs at its core passenger-car brand by about 5 billion euros per year from 2017 as it struggles to match the earnings power of global rival Toyota.

  • Goldman posted net income for shareholders of $1.95 billion, or $4.10 per share, in the three months ended June 30, up from $1.86 billion or $3.70 per share in the same period a year earlier. Rival banks Citigroup Inc and JPMorgan Chase& Co said a pickup in trading volume in June helped offset slowness in April and May.

  • *JPMorgan, Goldman up after earnings. *Johnson& Johnson falls after results. Facebook shares lost 2 percent to $66.55.

  • YOUR MONEY-What should be in your "death" file Tuesday, 15 Jul 2014 | 10:59 AM ET

    NEW YORK, July 15- After helping a girlfriend through the messy, tangled finances left in the wake of a parent's death, John Kerecz had a message for his own mom and dad: Get your paperwork in order.

  • Employees who focus on reducing social and environmental damage from projects lack independence or incentives to do a good job, and the World Bank has little oversight over how well their advice is followed and how much money is devoted to safeguards.

  • *Gold inches up after biggest daily drop since Dec. LONDON, July 15- Gold steadied on Tuesday, but traded near its lowest in almost four weeks as investors monitored the Federal Reserve chief's testimony to the U.S. Congress for more clues on the timing of an interest rate increase.

  • *Debt owed to Portugal Telecom, which is merging with Brazil's Grupo Oi. By 2200 GMT Rioforte is supposed to repay 847 million euros in maturing debt to the country's largest telecom services provider, Portugal Telecom, currently in the throes of a tie-up with Brazil's Grupo Oi, which is likely to amend the terms of the deal in the event of a default.

  • Yellen testifies on economy to Senate panel Tuesday, 15 Jul 2014 | 10:46 AM ET

    For highlights from the question and answer session of Federal Reserve Chair Janet Yellen's testimony before the Senate Banking Committee on Tuesday, see.

  • NEW YORK, July 15- Social media, biotechnology and small-cap names fell in morning trading on Tuesday, cutting gains in other equity indexes, after Federal Reserve chair Janet Yellen said valuations in some sectors appear stretched. "Signs of risk-taking have increased in some asset classes.

  • *Bulgaria to be first non-euro zone bank to join mechanism. SOFIA, July 15- Bulgaria's central bank has begun talks with the European Banking Authority about conducting a review of the quality of its banking supervision, it said on Tuesday, following runs on two lenders in June.

  • FARNBOROUGH, England, July 15- Airbus clinched its first airline customer for a newly revamped model with a tentative deal with Malaysia's AirAsia for 50 A330neo wide-body jets worth over $13 billion on Tuesday.