GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Clorox says looking to sell Venezuela operations Monday, 22 Sep 2014 | 8:40 AM ET

    Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela and was seeking to sell its assets in the country.

  • It is the first such port call to Iran by the People's Liberation Army Navy and highlights the efforts both China and Iran are making to counterbalance the power of the United States in the Middle East and along the sea lanes connecting the oil fields of the Gulf with major energy-consuming centers in Asia.

  • NEW YORK, Sept 22- Sigma-Aldrich shares were surging on Monday, up 34.4 percent to $137.60 after German drugs and chemicals maker Merck KGaA said on Monday it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its life science business.

  • Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's offer "significantly undervalues" the company. Auxilium said in June that it would buy QLT for $346 million, in a deal aimed at cutting its tax bill by moving its headquarters to lower-tax British Columbia, Canada.

  • BERLIN, Sept 22- Germany's Angela Merkel said on Monday after meeting French premier Manuel Valls that she was impressed by the number of reforms Paris had launched, but deferred to Brussels on the halting French efforts to reduce its public deficit.

  • Sept 22- FMSA Holdings Inc, owned by private equity firm American Securities LLC, said it expected its initial public offering to be priced at $21- $24 per share, raising up to $1.07 billion. American Securities, through its affiliate ASP FML Holdings LLC, is selling all the 44.5 million shares in the offering.

  • LONDON, Sept 22- Major currencies recovered some ground against the dollar on Monday after the dollar index racked up a 10th straight week of gains, its longest winning streak since its free float in 1973..

  • DETROIT, Sept 22- Chrysler Group is recalling an estimated 230,760 sport utility vehicles globally to install a new part to prevent a fuel pump issue that could cause the vehicles to stall or not start.

  • MOSCOW, Sept 22- Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.

  • *Exchange seeks expansion in top metals consumer China. The launch of LME Clear is a key step by LME owner Hong Kong Exchanges and Clearing Ltd to generate profits after paying $2.2 billion to buy the LME in December 2012, a price which many analysts regarded as very high.

  • MOSCOW, Sept 22- Russia's second-largest bank, VTB, has lost around 26 billion roubles so far this year due to the Ukraine crisis, Russian news agencies quoted the bank's chief executive as saying on Monday.

  • *Sigma-Aldrich shares are trading up 35.2 percent to $138.35 in premarket. German drugs and chemicals maker Merck KGaA said on Monday it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its life science business.

  • AutoZone revenue narrowly misses Street Monday, 22 Sep 2014 | 7:29 AM ET

    Sept 22- Auto parts retailer AutoZone Inc's quarterly revenue increased 4.5 percent, narrowly missing analysts' average estimate. AutoZone's same-store sales, or sales at stores open at least for a year, rose 2.1 percent in the fourth quarter ended Aug. 30.

  • LONDON, Sept 22- GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back sceptical investors.

  • Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's offer "significantly undervalues" the company. Endo made an unsolicited offer last week to buy Auxilium for about $2.2 billion. Auxilium's board also reiterated on Monday that it backed the company's offer to buy Canadian eye drug maker QLT Inc.

  • European shares dip on China growth jitters Monday, 22 Sep 2014 | 7:23 AM ET

    PARIS/ LONDON, Sept 22- European shares fell on Monday, with a benchmark retreating from a near seven-year high touched in the previous session, as concerns over the pace of growth in China knocked lower mining heavyweights such as Rio Tinto and BHP Billiton.

  • HOUSTON, Sept 22- The fast-changing nature of crude oil flows in the Americas means only one of three Citgo refineries in the United States will generate keen interest among buyers as Venezuela's cash-strapped state-run PDVSA looks to sell its U.S. unit, and it may fetch less money than hoped, experts say.

  • Sept 22- FMSA Holdings Inc said it expected its initial public offering of 44.5 million common shares to be priced $21- $24 per share. The company, which provides sand and sand-based products to oil and gas exploration and production companies, will raise about $1.07 billion at the top end of the expected price range.

  • MOSCOW, Sept 22- Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters. Russia had been expected to overtake Germany as Europe's biggest auto market earlier this decade, but its progress has been delayed.

  • *Promises more effective heat storage than current methods. NEGEV DESERT, Israel, Sept 22- An Israeli solar power company, Brenmiller Energy, says it has developed a new, more efficient way to store heat from the sun that could give a boost to the thermal solar power industry by enabling plants to run at full capacity night and day.