Latest Business News Wires - Business Headlines


  • The Calgary- based company bought much of Devon Energy Corp's Canadian natural gas properties in February. Net income rose to C $1.07 billion, or 97 Canadian cents per share, from C $476 million, or 44 Canadian cents, a year earlier.

  • LONDON, Aug 7- The yen sagged against the dollar on Thursday on news that Japan's public pension fund plans to increase its allocation to the domestic stock market, while the euro was flat ahead of a monthly decision on interest rates.

  • Spanish Ebola patient stable in Madrid hospital Thursday, 7 Aug 2014 | 6:50 AM ET

    MADRID, Aug 7- The first European infected by a strain of Ebola that has killed more than 932 people in West Africa, Spanish priest Miguel Pajares, was stable in a Madrid hospital on Thursday after being airlifted from Liberia, health authorities said.

  • Mylan narrows full-year revenue, profit forecast Thursday, 7 Aug 2014 | 6:48 AM ET

    Aug 7- Generic drug maker Mylan Inc narrowed its full-year revenue and earnings forecast, citing delays in U.S. Food and Drug Administration approval of key products. The company narrowed its revenue forecast range to $7.8 billion- $8 billion from $7.8 billion- $8.2 billion.

  • TORONTO, Aug 7- Manulife Financial Corp said on Thursday its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and Canada's biggest life insurer raised its dividend for the first time since 2009..

  • Products from Australia, Canada and Norway also targeted. "This continued escalation between the EU, U.S. and Russia over sanctions will be a negative for global economic growth," said Olivier Jakob, oil analyst at Petromatrix consultancy in Switzerland.

  • Aug 7- Drugmaker Auxilium Pharmaceuticals posted a much bigger-than-expected quarterly loss, hurt by falling sales of testosterone gel Testim. Auxilium lost $36.5 million, or 73 cents per share, in the second quarter ended June 30, compared with a net profit of $42.7 million, or 86 cents per share, a year earlier. Excluding items, the loss was 44 cents per share.

  • Canada's BCE profit rises 6 pct Thursday, 7 Aug 2014 | 6:25 AM ET

    Aug 7- BCE Inc, Canada's largest telecom company, posted a 6 percent increase in second-quarter profit, driven by higher advertising and subscriber fee revenue from its acquisition of TV and radio content producer Astral Media.

  • *Incursion marks most serious spillover of Syria war into Lebanon. Muslim clerics who had been mediating an end to five days of fighting in Arsal said they would negotiate for the release of remaining captives held by militants whose incursion into Lebanon marked the most serious spillover of Syria's three-year-old civil war into Lebanese territory.

  • *Areva's BBB- long term rating just one notch above junk. *Areva earnings guidance not in line with S&P assumptions. PARIS, Aug 7- French nuclear group Areva could find its investment grade credit rating under threat after warning of lower sales last week, which upset the assumptions of the only agency that rates its debt.

  • *Russia plans to ban some food imports from U.S., Europe. Russia's state news agency said on Wednesday that Moscow will ban all imports of food from the United States and all fruit and vegetables from Europe.

  • Portuguese bank woes weigh on European equities Thursday, 7 Aug 2014 | 6:13 AM ET

    *Concerns over Portuguese banks hits Lisbon market. LONDON, Aug 7- Concerns about Portugal's banking system hit the Lisbon stock market on Thursday and weighed on European equities, which were also kept in check by tensions between Western powers and Russia.

  • ROME, Aug 7- Global food prices hit a six-month low in July led mainly by sharp declines in grains, oilseeds and dairy, which balanced out rising meat and firm sugar prices, the United Nations food agency said on Thursday.

  • FRANKFURT, Aug 7- Deutsche Telekom rejected an offer from Iliad for its mobile business in the United States and said regulators there should help smaller players compete against bigger rivals if they are not allowed to merge.

  • LONDON, Aug 7- Russian bond yields surged to multi-year highs on Thursday as food import restrictions fanned inflation fears, while the rouble hit new 4-1/ 2 month lows, leading a swathe of emerging currencies slipping against the dollar.

  • The problem is particularly acute in Italy, where the economy shrank again in the second quarter and where Prime Minister Matteo Renzi has led calls for greater flexibility in European budget rules to allow it to spend more.

  • *Tensions between Russia and the West run high. LONDON, Aug 7- Gold edged lower on Thursday after rising more than 1 percent the previous day as a firmer dollar offset concerns that tensions between Russia and the West over Ukraine could escalate.

  • PARIS, Aug 7- Exchange operator Euronext posted a 4.6 percent increase in quarterly operating profit on Thursday, boosted by cost cutting and a rise in stock market listings, and said it would accelerate its cost-savings plan.

  • *Police in eastern Sierra Leone blockade Ebola-hit towns. FREETOWN/ MONROVIA, Aug 7- Police and soldiers in Sierra Leone blockaded rural areas hit by the deadly Ebola virus on Thursday, a senior officer said, after neighbouring Liberia declared a state of emergency to tackle the worst-ever outbreak of the disease, which has killed 932 people.

  • FRANKFURT, Aug 7- Deutsche Telekom said on Thursday it wants special treatment from U.S. regulators in upcoming spectrum auctions now that they have blocked a merger of its T-Mobile US business with the country's No.3 mobile operator Sprint Corp..