Latest Business News Wires - Business Headlines


  • WASHINGTON, July 14- The United States is studying a World Trade Organization ruling about anti-subsidy duties imposed on some Indian steel products and will consider all available options, the office of the U.S.

  • FARNBOROUGH, England, July 14- Raytheon Co, maker of Patriot missiles and a range of other defense electronics, expects international sales to expand to 30 percent of its revenue in 2014, up from 27 percent last year, Chief Executive Tom Kennedy said in an interview.

  • WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.


  • FARNBOROUGH, England, July 14- Airbus said the snags holding up delivery of the new A380 superjumbos ordered by Qatar Airways would be resolved by the end of the year, after the chief executive of the Middle Eastern airline criticized the European planemaker.

  • "The evolution of our equity markets has shown that there are aspects that should be improved or corrected," said Curt Bradbury, chair of the SIFMA Board's Market Structure Task Force and chief operating officer of Stephens Inc, a financial services firm.

  • Sotheby's plans live auction bidding via eBay Monday, 14 Jul 2014 | 1:09 PM ET

    NEW YORK, July 14- Sotheby's and eBay announced a partnership on Monday to make it easier to buy antiques, collectibles and works of fine art online. The deal will connect Sotheby's, with its extensive inventory of fine art, antiques, books, jewels, watches and furniture, with eBay's 145 million active buyers around the world.

  • July 14- Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories' branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and also cut its tax bill.

  • *Wheat ticks up from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. At 11:24 a.m. CDT, Chicago Board of Trade September corn futures were down 1/ 4 cent at $3.78 a bushel.

  • On the back of commercial launch announcements by Toyota and Hyundai and demand in Japan, Linde started up a production facility with an initial annual capacity of 50 stations a year.

  • SpaceX Falcon 9 rocket blasts off from Florida Monday, 14 Jul 2014 | 12:38 PM ET

    CAPE CANAVERAL, Fla., July 14- Overcoming two months of delays, a Space Exploration Technologies' Falcon 9 rocket blasted off from Florida on Monday to put six small commercial communications satellites into orbit for ORBCOMM Inc.

  • Carbo Ceramics Inc, a Houston- based oil services company that is the world's largest producer of tiny ceramic balls that can boost the production of fractured wells, may hold the answer.

  • Charles River Ventures raises $393 mln for new fund Monday, 14 Jul 2014 | 12:34 PM ET

    SAN FRANCISCO, July 14- Charles River Ventures, the venture firm known for backing Twitter from its earliest days, said it has raised $393 million for its latest fund. The new fund is Charles River's first raised with the bulk of its investing team based in California's Menlo Park rather than Boston, where the firm was founded, partner Jon Auerbach said in a blog post.

  • *Banks top gainers after strong Citigroup results. LONDON, July 14- European equities rose on Monday, rebounding from near two-month lows after their biggest weekly loss in four months, with banks leading the rally following strong earnings from Citigroup.

  • TORONTO, July 14- Bombardier Inc's long-delayed CSeries jetliner program got a boost on Monday with two tentative orders worth nearly $1.6 billion, but investor enthusiasm was tempered by lingering concerns about the plane's prospects. Jordan's Petra Airlines Ltd also signed a letter of intent for up to four CS100 and CS300 planes, worth up to $298 million.

  • BUZZ-PROFESSIONAL DIVERSITY NETWORK INC: TO ACQUIRE NAPW INC@ July 14-** Online professional network. operator's shares up 15.5 pct at $4.88 after deal to take over owner of National Association of Professional Women. **Company will issue 6.3 million shares for all outstanding shares of NAPW and pay $3.5 million in cash to sole shareholder of NAPW.

  • BOGOTA, July 14- The net flow of foreign investment into Colombia rose 29 percent in the first half of the year after an increase in cash into local portfolios, the central bank said on Monday.

  • LONDON, July 14- Oil prices were little changed on Monday as traders weighed renewed violence in Libya and uncertainty over nuclear talks with Iran against broader signs of a global market well-supplied with crude.

  • Singapore, Greece among F-16 upgrade opportunities. FARNBOROUGH, England, July 14- Europe's largest defense contractor BAE Systems expects to win more than half of the $10 billion market to modernize F-16 fighter jets, saying its cost-effective offering could give it an edge in the battle with Lockheed Martin.

  • July 14- Switzerland threatened on Monday to raise its tax on greenhouse gas emissions from the energy sector by 40 percent if companies regulated by the country's emissions trading system do not meet government-imposed targets this year.