Latest Business News Wires - Business Headlines


  • BRUSSELS, May 12- European Union foreign ministers hinted on Monday that any disruption of elections in Ukraine on May 25 could trigger new economic sanctions against Russia.

  • TREASURIES-Prices fall before heavy week of data Monday, 12 May 2014 | 9:21 AM ET

    But Dovish comments from European Central Bank President Mario Draghi and still low inflation are putting a curb on yield curve steepening.

  • May 12- Eli Lilly and Co said its type 2 diabetes treatment was as effective as Sanofi SA's approved drug Lantus in reducing patients' blood sugar levels in three late-stage trials.

  • *Gold breaks above 200- day moving average at $1,298.30/ oz. LONDON, May 12- Gold rose more than 1 percent on Monday, with its rally picking up steam after prices broke through chart resistance just below $1,300 an ounce, and as simmering tensions in Ukraine and a weaker dollar lent support.

  • DETROIT, May 12- U.S. safety regulators have opened an investigation into an estimated 37,656 Nissan Quest minivans after receiving complaints about stalling due to inaccurate fuel gauges.

  • *Markets focus on reaction to east Ukraine referendum. *Nickel, Oil rises on Ukraine concerns. Caution about unrest in eastern Ukraine, where rebels declared victory in a referendum on self-rule, had all but evaporated as U.S. trading neared.

  • LONDON, May 12- Brent crude oil climbed towards $109 per barrel on Monday as the deepening crisis between Russia and Ukraine unsettled investors.

  • May 12- Following is the executive summary of the latest confidential report by the U.N. Panel of Experts on Iran, which monitors compliance with the Security Council's sanctions regime on Tehran. The International Atomic Energy Agency has reported that, to date, Iran has fulfilled its "voluntary measures" agreed to under the JPA.

  • The latest report by the U.N. Panel of Experts, which monitors compliance with the Security Council's sanctions regime on Iran, said Tehran's attempts to illicitly procure materials for its disputed nuclear and missile programmes may have slowed down as it pursues talks on a long-term deal with world powers.

  • May 12- American International Group Inc's search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter.

  • *Hillshire to buy Pinnacle Foods for $6.6 billion. NEW YORK, May 12- U.S. stock index futures pointed to a higher open on Monday, putting the S&P 500 within striking distance of record levels, though geopolitical concerns in the Ukraine could cap gains. *In the latest deal news, Hillshire Brands Co agreed to buy Pinnacle Foods Inc for about $6.6 billion.

  • *ECB has vowed to complete euro zone banks' review by October. *Requests for data like company VAT numbers dropped- sources.

  • May 12- U.S. railroad company Union Pacific Corp said on Monday that a rail line on which a train derailed near the town of LaSalle in northern Colorado was back in service. The line, which is used about once a day, connects Windsor, where the oil originated, and other towns in the Niobrara oil shale formation in northeastern Colorado.

  • May 12- Tesaro Inc said its drug for the prevention of chemotherapy-induced nausea and vomiting met the main goal in a third late-stage trial. Tesaro shares jumped nearly 15 percent to $27.51 in premarket trading, after the company said the drug, rolapitant, achieved statistical significance over standard therapy in 532 cancer patients.

  • CAIRO/ OSLO, May 12- Egypt has secured a means of importing liquefied natural gas that will help it address an energy crisis, although the LNG import terminal to be provided by a Norwegian firm will not be in place in time to ease painful gas shortages this summer.

  • May 12- Gogo Inc posted a higher-than-expected 35 percent jump in quarterly revenue as more air travelers used its in-flight wireless internet services, sending the company's shares up almost 10 percent in premarket trading.

  • Kenya's bourse to sell up to 38 pct stake in IPO Monday, 12 May 2014 | 8:15 AM ET

    *To offer up to 81 mln shares, or 38 pct stake, in IPO. NAIROBI, May 12- The Nairobi Securities Exchange will sell up to a 38 percent stake in an initial public offering by the end of next month to raise funds for new products and enhance transparency, its chief executive said.

  • *Allergan says offer substantially undervalues company. May 12- U.S. drugmaker Allergan Inc rejected Valeant Pharmaceuticals International Inc's unsolicited takeover offer, saying it substantially undervalued the company.

  • Swiss business fears world's highest minimum wage Monday, 12 May 2014 | 8:07 AM ET

    ZURICH, May 12- Swiss business leaders shocked by past popular votes to cap executive pay and curb immigration are wary of a May 18 referendum that could see Switzerland adopt the world's highest minimum wage of nearly $25 an hour.

  • LOS ANGELES, May 12- The first large-scale study of college graduates' success in life using measures other than salary reached some potentially revolutionary conclusions. It also changed how at least one of the researchers plans to look for future schools for his own children, now ages 3 and 5..