Latest Business News Wires - Business Headlines


  • SAN FRANCISCO, Aug 5- Felicis Ventures is trying a new tack in the hypercompetitive world of funding startup companies: It is raising a new fund that will always vote alongside the founders of the company it backs. The venture company announced on Tuesday that it had raised $96 million for the new fund, its fourth.

  • BRASILIA, Aug 5- The Brazilian economy should pick up in the second half of the year after a slow start and hit more "reasonable" growth levels in 2015, Finance Minister Guido Mantega told Reuters on Tuesday.

  • Aug 5- A cybersecurity firm said it has uncovered about 1.2 billion Internet logins and passwords and more than 500 million email addresses amassed by a Russian crime ring, the largest known collection of such stolen data, the New York Times reported on Tuesday.

  • Aug 5- Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.

  • SAN FRANCISCO, Aug 5- The Netherlands' Royal Philips and IT consultancy Accenture are developing software to help people with neurodegenerative diseases like amyotrophic lateral sclerosis, commonly known as Lou Gehrig's disease, live more independently. Accenture and Philips jointly developed the software that connects the various technologies.

  • SAN FRANCISCO, Aug 5- Video game maker Activision Blizzard Inc raised its full-year 2014 forecast, citing better-than-expected second quarter results and expectations of strong sales for upcoming titles like "Call of Duty: Advanced Warfare" and "Destiny."

  • Mexico said to begin 2015 oil hedge -traders Tuesday, 5 Aug 2014 | 6:15 PM ET

    HOUSTON/ NEW YORK, Aug 5- Mexico has begun structuring its oil hedging program for next year, market sources said on Tuesday, citing one of the world's biggest sovereign hedging programs as weighing on crude prices. Some traders said a pick-up in options volatility was likely tied to anticipated hedging activity from Mexico.

  • Aug 5- First Solar Inc, the biggest solar panel maker in the United States, reported a lower-than-expected quarterly profit, sending its shares down 5 percent in extended trade.

  • MENE GRANDE, Venezuela, Aug 5- Venezuelan state oil company PDVSA will sell North American unit Citgo Petroleum if it receives a good offer, Petroleum Minister Rafael Ramirez told reporters on Tuesday in what would be its biggest pullback ever from the U.S. refining market.

  • More 'Star Wars' coming to Disney parks, CEO says Tuesday, 5 Aug 2014 | 6:01 PM ET

    LOS ANGELES, Aug 5- Walt Disney Co is working on plans to bring more of its "Star Wars" franchise into the company's theme parks, Chief Executive Bob Iger said on Tuesday. Disney is "developing designs for a far greater' Star Wars' presence in the parks," Iger said on a conference call after the company released its quarterly results.

  • The U.S. Securities and Exchange Commission said Mikhail Galas, Alexander Hawatmeh, Christopher Mrowca and Tovy Pustovit made more than $2.5 million by buying six thinly traded stocks and then artificially driving up their prices through a so-called "pump-and-dump" scheme.

  • *Deal comes as Siemens overhauls its business. FRANKFURT, Aug 5- German engineering group Siemens plans to sell its hospital IT business to Cerner Corp, a U.S. provider of healthcare IT services, for $1.3 billion in cash, the two companies said late on Tuesday.

  • NEW YORK, Aug 5- California's attorney general may sue Morgan Stanley over money-losing mortgage bonds that the state's biggest public pension fund purchased in a $1.3 billion deal before the financial crisis, the bank said in a securities filing on Tuesday.

  • WASHINGTON, Aug 5- The Obama administration said on Tuesday it is considering administrative actions to discourage U.S. companies from moving to other countries to reduce their tax bills, given the failure of Congress to address the issue.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude falling to a nine-month low as ample supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.

  • SAN FRANCISCO, Aug 5- Groupon Inc slashed its full-year profit outlook on Tuesday, citing the need to spend abundantly on marketing to power the once-high-flying Internet coupon company's transition to a more comprehensive online retailer.

  • WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.

  • FACTBOX-China's dim sum bond market Tuesday, 5 Aug 2014 | 5:00 PM ET

    HONG KONG, Aug 6- China's $120 billion offshore yuan bond market has come a long way over the past four years, when it really took off. July 2007: China Development Bank issues the first offshore yuan bond in Hong Kong.

  • HONG KONG, Aug 6- China's offshore bond market looks to be booming with record issuance and strong demand, but rather than the global market that was hoped for it has been a speculative play on the yuan dominated by Chinese issuers and investors.

  • LONDON, Aug 5- French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects the parent company Deutsche Telekom to reject its $15 billion offer, three sources familiar with the matter said on Tuesday.