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Latest Business News Wires - Business Headlines

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  • NEW YORK, Jan 20- U.S. Treasury prices gained on Tuesday with 30- year bonds leading the rally, as investors bet that the European Central Bank will launch new quantitative easing this week, keeping longer-dated debt in demand as investors hunt for higher yields. "If you are looking for ECB to not disappoint on Thursday, the predominant view is that you still won't...

  • UPDATE 1-Stronger dollar hurts J&J's quarterly sales Tuesday, 20 Jan 2015 | 9:15 AM ET

    Jan 20- Johnson& Johnson reported lower-than-expected quarterly sales as a stronger dollar offset higher sales of the Band-Aid maker's new drugs and older treatments. The company's net profit fell about 28 percent to $2.52 billion, or 89 cents per share, including a $1.1 billion charge related to its acquisition of Synthes Inc.. Analysts on average had...

  • Dominican Republic announces dual-tranche bond issue Tuesday, 20 Jan 2015 | 9:00 AM ET

    NEW YORK, Jan 20- The Dominican Republic on Tuesday announced a two-part US dollar-denominated bond issue, according to market sources. The sovereign has set initial price thoughts of 5.65% area on a 10- year note and 7.0% area on a 30- year. Bank of America Merrill Lynch and JP Morgan are the bookrunners on the transaction, which is expected to launch and price...

  • Jan 20- Apparel retailer Express Inc said it ended talks to be bought by private equity firm Sycamore Partners, its largest shareholder, due to unavailability of financing. Shares of Express, which was once a division of L Brands Inc, were down nearly 13 percent at $12.60 in premarket trading. Private equity firm Golden Gate Capital took Express private in 2007 and...

  • MOSCOW, Jan 20- Russia's central bank said on Tuesday it would offer $2 billion in forex loans at two auctions on Jan. 26, when participating banks will be able to use their foreign currency loan claims as collateral. The bank said in a statement that it would offer $1 billion for 28 days on Jan. 26 and a further $1 billion for one year. The ministry has been making more...

  • DOMINICAN REPUBLIC SETS INITIAL PRICE THOUGHTS OF 7.0% AREA ON 30- YEAR BOND- SOURCE.

  • DOMINICAN REPUBLIC SETS INITIAL PRICE THOUGHTS OF 5.65% AREA ON 10- YEAR BOND- SOURCE.

  • LONDON, Jan 20- The European Union's plans to build a capital markets union to increase funding for the economy will take years and need careful handling, Bank of England Deputy Governor Jon Cunliffe said on Tuesday. The CMU is the vehicle the EU's executive European Commission hopes will increase market-based funding for companies and wean the 28- country...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were meeting the finance minister, regulators and Central...

  • LONDON, Jan 20- As the dust settles after last week's copper capitulation, attention is inevitably turning to the implications for producers, particularly those perched precariously at the top end of the cost curve. With London benchmark copper trading below the $6,000- per tonne level for the first time since 2009, the potential exit of higher-cost mines is...

  • BRASILIA, Jan 20- Brazilian President Dilma Rousseff has vetoed a decree that exempted more workers from income tax this year, according to the official gazette published on Tuesday, in another move to save cash to meet a key fiscal target. Congress later raised the adjustment to 6.5 percent, which the government said would have cost state coffers about 7 billion...

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • JAKARTA, Jan 20- Indonesia's transport minister proposed a number of changes to improve aviation safety standards at a parliamentary hearing on Tuesday, just over three weeks after an AirAsia passenger jet crashed killing all 162 people on board. Ignasius Jonan also told the hearing that, according to radar data, the plane had ascended faster than normal in its...

  • By the end of 2012, efficiency improvements, substitution, and changes in behaviour had cut oil consumption in the advanced economies by 8 million barrels per day compared with the pre-2005 trend, according to James Hamilton at the University of California. Today, consumption of petroleum products in the United States is 1.8 million b/d lower than it was in...

  • PARIS, Jan 20- Airbus' Defense and Space division will reveal a revised 2015 delivery schedule for its A400M military transport plane at the end of February, a company executive said on Tuesday. Germany's defense ministry said last week there were signals from European defense equipment agency OCCAR, which is negotiating with Airbus on behalf of governments...

  • *Saudi Telecom tumbles on Q4 earnings miss. DUBAI, Jan 20- Most Gulf stock markets closed either flat or lower on Tuesday as oil prices remained volatile and local companies delivered no positive fourth-quarter earnings surprises. However, the commodity's price rose above $49 per barrel later in the day, supporting Saudi Arabia's bourse which, unlike other Gulf...

  • Express Inc ends deal talks with Sycamore Partners Tuesday, 20 Jan 2015 | 8:21 AM ET

    Jan 20- Apparel retailer Express Inc said it terminated talks to be bought by private equity firm Sycamore Partners, its largest shareholder. The company said talks ended due to the "unavailability of financing on commercially acceptable terms". Express's shares were down nearly 12 percent at $12.75 in premarket trading on Tuesday.

  • Tribune CFO John Bode to resign Tuesday, 20 Jan 2015 | 8:17 AM ET

    Jan 20- Chicago Tribune publisher Tribune Publishing Co said Chief Financial Officer John Bode would resign. The company, which also publishes newspapers such as Los Angeles Times and The Baltimore Sun, said Sandra Martin, senior vice president of corporate finance and investor relations would be interim CFO. Bode, who became CFO in September 2013, will be...

  • BOSTON, Jan 20- Fidelity's $110 Billion Contrafund has trimmed its stake in Google Inc, its largest holding, as portfolio manager Will Danoff sees a potentially choppy market for the stock over the short term. Google remains Contrafund's largest holding, accounting for about 4.8 percent of the fund's assets. At the end of November, the fund held Google stock worth...

  • ISTANBUL, Jan 20- Turkey's central bank lowered its main interest rate by 50 basis points on Tuesday in response to slowing inflation and in the face of increased political pressure for softer monetary policy before a June parliamentary election. "It's hard to say is just due to political pressure because there was a downside surprise in inflation in December,"...