Latest Business News Wires - Business Headlines


  • GENEVA, July 14- The World Trade Organization on Monday backed some key claims by India against countervailing duties imposed by the United States on certain steel products, but rejected others.

  • GENEVA, July 14- World Trade Organization judges found on Monday that the United States had violated global trade rules by imposing punitive import duties on a range of Chinese steel products, solar panels and other goods that Washington said enjoyed government subsidies.

  • *Citigroup up after earnings, settlement. NEW YORK, July 14- U.S. stocks rose on Monday, sparked by the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on pace to climb for a second straight session.

  • WASHINGTON, July 14- The head of the International Energy Agency urged U.S. policymakers on Monday to look closely at their country's low gasoline taxes, saying that the resulting cheap prices may lead to fuel squandering even in the midst of a drilling boom.

  • *Expects adj rev$ $264- $265 mln vs prior view $274- $280 mln. *Expects adj profit at low end of its 26- 28 cents/ shr view. "This was a reality check quarter for Riverbed as the company faces a myriad of company-specific and secular challenges in the field," FBR Capital Markets analyst Daniel Ives said in an email.

  • NEW YORK, July 14- Global equity markets rose on Monday, lifted by Citigroup's earnings and as investors put aside concerns about euro zone banks, while the dollar was little changed ahead of congressional testimony from the chair of the U.S.

  • COLUMN-Profiting from the urge to merge Monday, 14 Jul 2014 | 11:29 AM ET

    One of the oldest and largest funds in this niche is the Merger Fund, which manages nearly $6 billion.

  • Banks boost European equities after Citibank earnings Monday, 14 Jul 2014 | 11:27 AM ET

    *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.

  • FARNBOROUGH, England, July 14- Qatar Airways rejected the first three new A380 superjumbos supplied to it by Airbus, its chief executive said, adding it was very disappointed with the European planemaker.

  • GENEVA, July 14- The World Trade Organization on Monday backed some key claims by India against U.S. countervailing duties on certain steel products, but rejected others. The WTO panel, ruling on the April 2012 case, said that the United States had acted wrongly in claiming some Indian subsidy programs had given Tata unfair advantage.

  • July 14- Citigroup Inc said on Monday that quarterly earnings fell 96 percent, hurt largely by a $7 billion mortgage settlement, but also by declining income in most of its main businesses including stock trading and retail banking. Citigroup shares rose 3.7 percent to $48.74.

  • FANRBOROUGH, England, July 14- Britain's Ministry of Defense said its Sentinel program would remain in service until 2018, giving the country three more years of the surveillance aircraft capability which it recently used in Nigeria to help look for 200 missing schoolgirls.

  • July 14- Embraer SA, the world's third largest commercial planemaker, booked its strongest commercial deliveries in two years and rebuilt its order book with a 50- jet deal on Monday, lifting shares to an all-time high.

  • LONDON, July 14- A ripple of financial contagion from a troubled Portuguese bank and a warning that markets have got way ahead of the sluggish economies that underpin them have fired up new debate about an appropriate policy response. That warning gained potency when troubles at Portugal's largest listed bank prompted a worldwide market sell-off last week.

  • London, July 14- Copper dipped and zinc retreated from its highest levels in almost three years on Monday as investors worried that prices may have overshot after recent gains. Copper had gained 9 percent from mid-June to July 8, when it touched a 4-1/ 2 month high. Benchmark copper on the London Metal Exchange shed 0.4 percent to $7,127.75 a tonne by 1418 GMT.

  • July 14- Honeywell International Inc will merge its transportation systems unit into its aerospace division to take advantage of similarities between the businesses, the diversified U.S. manufacturer said on Monday.


  • MIAMI, July 14- A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday.

  • *Generali to book net loss of 100 mln euros from disposal. MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender.

  • *Concerns ease over Portugal's top bank. Yellen, who will go before the Senate Banking Committee early Tuesday to deliver the latest report to Congress on monetary policy, could take a hawkish stance on raising interest rates in response to strong June jobs data, analysts said.