Latest Business News Wires - Business Headlines


  • *Alstom may grant Siemens 2-3 weeks to provide details. PARIS/ LONDON, April 29- Alstom is likely to give Germany's Siemens two to three weeks to draw up a detailed plan to buy the French engineering group's power business, sources close to the talks said on Tuesday.

  • U.S. Senate panel backs Fischer, other nominees for Fed Tuesday, 29 Apr 2014 | 10:15 AM ET

    WASHINGTON, April 29- The Senate Banking Committee approved three nominees to the Federal Reserve's board on Tuesday, including Stanley Fischer to be the U.S. central bank's No. 2, in a big step toward replenishing the Fed's governing body. The nominations are now cleared to go before the full Senate for final confirmation votes.

  • BRUSSELS, April 29- Perhaps the darkest moment of the euro zone debt crisis came in the middle of 2012 when Greece stood on the brink of being forced out of currency bloc and a question mark hung over whether Cyprus would remain in if Athens left.


  • U.S. consumer confidence dips in April Tuesday, 29 Apr 2014 | 10:10 AM ET

    NEW YORK, April 29- U.S. consumer confidence dipped in April as consumers were discouraged by business and labor market conditions, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes fell to 82.3 in April from an upwardly revised 83.9 in March.

  • NEW YORK, April 29- Berkshire Hathaway Chairman and Chief Executive Warren Buffett said Tuesday that his son, Howard Buffett, served Coca-Cola shareholders and not Berkshire on the beverage maker's board.

  • LONDON, April 29- U.S. drugmaker Pfizer will need to raise its bid for AstraZeneca to around $105- 110 billion and increase the proportion of cash in the offer to win its British rival, investors believe.

  • BEIJING, April 29- China's Finance Ministry said on Tuesday that it would extend tax breaks for job creation, as the government seeks to boost the labour market, while the banking regulator warned slowing economic growth raised the risk of bad loans.

  • LONDON, April 29- The United States is determined to help Ukraine find and recover billions of dollars of assets it says were stolen by its former president and his aides, U.S.

  • BERLIN, April 29- German annual inflation accelerated in April but less than expect, preliminary data showed on Tuesday, complicating the European Central Bank's decision on whether to act against deflationary trends.

  • WASHINGTON, April 29- The United States on Tuesday targeted companies from China and Dubai for allegedly helping Iran evade weapons and oil sanctions, a signal Washington will keep pressure on Tehran over its nuclear program.

  • MARIKANA, South Africa, April 29- Members of South Africa's striking mining union AMCU have rejected the latest wage offer from the world's top three platinum producers, its president said on Tuesday, extending a crippling 14- week stoppage.

  • April 29- Bristol-Myers Squibb Co reported higher-than-expected quarterly earnings, helped by cost cuts and lower taxes, but sales missed Wall Street estimates, and the U.S. drugmaker's shares fell. The company on Tuesday said it had earned $937 million, or 56 cents per share, in the first quarter, compared with $609 million, or 37 cents per share, a year earlier.

  • April 29- Agribusiness company Archer Daniels Midland Co on Tuesday reported lower-than-expected quarterly earnings as poor margins and harsh U.S. weather hurt its core grain-trading business.

  • WASHINGTON, April 29- The Senate Banking Committee will open debate on a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac on Tuesday, but does not plan any votes as the panel's leaders scramble for broader support.

  • Moody's predicts further wave of healthcare deals Tuesday, 29 Apr 2014 | 9:11 AM ET

    The Swiss drugmaker agreed to trade more than $20 billion worth of assets with GlaxoSmithKline Plc, with Novartis aiming to boost its cancer business while GSK sought to bolster its position in vaccines. Novartis also sold off its animal health division to Eli Lily and Co..

  • April 29- Three-dimensional printer maker 3 D Systems Corp said most of the revenue and profit it expects for 2014 would be generated only in the second half of the year when it launches new products and services. 3 D Systems shares fell nearly 6 percent on Tuesday.

  • Power struggle blights Libya's chaotic main airport Tuesday, 29 Apr 2014 | 9:02 AM ET

    TRIPOLI, April 29- With a bomb on the runway, pets boarding planes and passengers jetting off without visas, Tripoli International Airport typifies the chaos that has gripped Libya since the 2011 ouster of Muammar Gaddafi.

  • *Twitter to report earnings after market close. *EU sanctions 15 politicians, military leaders over Ukraine. NEW YORK, April 29- Wall Street was set for a higher open on Tuesday following a batch of earnings that were better than expected.