Latest Business News Wires - Business Headlines


  • The Internet Association, which represents three dozen web companies such as Google Inc, Netflix Inc and Amazon.com Inc, made their case in a filing with the Federal Communications Commission, which plans to establish new so-called "net neutrality" rules. In January, a court ruling struck down the FCC's previous version of such rules.

  • LONDON, July 14- Shares in Portugal's largest listed lender, Banco Espirito Santo have lost more than half their value in the last month, triggering a crisis that hit Portugal's sovereign borrowing costs and the debt issuance plans of other southern European companies. The 750 million euros sale is billed as sign of confidence in Portugal's recovery.

  • 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 revenues in 2014, up from 27 percent last year, Chief Executive Tom Kennedy said in an interview.



  • FARNBOROUGH, England, July 14- U.S. planemaker Boeing said it was comfortable with its range of aircraft when asked about the impact of European rival Airbus and its high-profile announcement that it would revamp its A330 jet. He also said Boeing expected demand for cargo aircraft to pick up as it gave an upbeat assessment of future demand for planes.

  • LISBON, July 14- Portugal's financially troubled Espirito Santo family loosened its grip on the country's largest listed bank, announcing a stake sale and hastening management change after prompting from the central bank which is trying to calm investors.

  • Italian textiles struggle to weave a new spell Monday, 14 Jul 2014 | 5:06 AM ET

    SERIANA VALLEY, Italy, July 14- Italy has fallen behind two groups of rivals in recent years: high-tech, high-end competitors in countries such as Germany and the United States, and low-end producers in places like China, Bangladesh and Turkey. The best place to see the latter is in Italy's textile industry.

  • PARIS, July 14- The head of planemaker Airbus predicted up to 100 orders for the newly launched A330neo at the Farnborough Airshow and gave the clearest indication so far that the decision to upgrade the jet would trigger a halt to development of the A350-800.

  • LONDON, July 14- Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of improving supply from key producers and weak demand in some consuming centres.

  • LONDON, July 14- Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the U.S.

  • European shares rise, helped by Shire bid Monday, 14 Jul 2014 | 4:27 AM ET

    *Shire to recommend shareholders accept AbbVie offer. UK- listed pharmaceutical Shire rose 2.6 percent after it said it was ready to recommend a new 53.20 pound per share offer from US firm AbbVie. "AbbVie are coming in at a decent level," said Manoj Ladwa, head of trading at TJM Partners.

  • *Bank of Japan, China data feature this week. LONDON, July 14- The dollar edged up against the yen on Monday, though stayed well within recent ranges, as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony for cues on the outlook for U.S. monetary policy.

  • SYDNEY, July 14- Australian miner Sirius Resources NL is in late-stage negotiations with a trio of major nickel smelters to supply up to 26,000 tonnes of nickel concentrate annually, its managing director said.

  • *Gold slips after six straight weeks of gains. SINGAPORE, July 14- Gold slid 1.5 percent on Monday in its biggest one-day drop in nearly seven weeks on selling from stop-loss orders and as Asian share markets gained strength.

  • *Risk of drought, Iraq turmoil add to inflation worries. NEW DELHI, July 14- India's wholesale price inflation eased to a four-month low in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold.

  • European shares rise, buoyed by hopes of Shire deal Monday, 14 Jul 2014 | 3:21 AM ET

    EDINBURGH, July 14- European shares rose on Monday, boosted by M&A activity in the pharmacutical sector and rallying from near two-month lows to kick off the week on a positive foot after its biggest weekly loss in four months.

  • HONG KONG, July 14- China shares posted their best daily gain in a month on Monday as carmakers extended recent gains after the government announced a fresh boost for the sector. The Shanghai Composite Index ended up 1 percent at 2,066.65 points, a four-week high, while the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.1 percent.

  • MUMBAI, July 14- India's pharmaceutical pricing regulator has cut and capped the prices of more than 100 drugs used to treat diseases ranging from diabetes to HIV to malaria, a move likely to hit the profit margins of drug firms like Sanofi SA, Abbott Laboratories and Ranbaxy Laboratories Ltd..

  • FARNBOROUGH, England, July 14- European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings.