Latest Business News Wires - Business Headlines


  • *Russia should divert some gas from Europe to Asia. DAVOS, Switzerland, Jan 27- Russia could match the world's top liquefied natural gas producer Qatar within 10 years as state and private projects accelerate, which could also help divert some gas away from Europe, the head of a leading Russian gas company said.

  • TOKYO, Jan 27- Moody's Investors Service cut Sony Corp's debt rating to junk status on Monday, highlighting challenges in its television and PC businesses and pressure on profitability at its entire core consumer electronics operation.

  • MADRID, Jan 27- Spain's Santander bank, which is making a big push in the United States, has appointed the former head of the U.S. deposit guarantee fund, Sheila Blair, as an independent board member, it said on Monday.

  • Jan 27- Royal Caribbean Cruises Ltd reported a fourth-quarter profit, compared to a year-earlier loss, buoyed by increased bookings in most markets. The world's second-largest cruise operator reported net income of $7 million, or 3 cents per share, in the quarter ended Dec. 31, compared with a loss of $392.8 million, or $1.80 per share, a year earlier.

  • Jan 27- Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, said private equity firm KKR& Co LLP would acquire majority ownership of the company for about $2.4 billion.

  • Jan 27- Pfizer Inc said its experimental lung cancer drug failed to meet its goals in two late-stage studies in patients who received prior treatment for advanced non-small cell lung cancer. The company said patients given the drug, dacomitinib, did not show improved survival without the cancer worsening, compared with another non-small cell lung cancer drug.

  • *Caterpillar shares up after reporting better-than-expected results. *Apple Inc earnings due after market close. NEW YORK, Jan 27- U.S. stock index futures inched higher on Monday, setting Wall Street up for a modest rebound after its worst week since June 2012 with investors focused on corporate earnings from big names like Caterpillar and Apple.

  • LONDON, Jan 26- Vice Media, the producer of video reportage targeting the so-called Generation Y of twentysomethings who do not watch much conventional television, is tying up with Greek television broadcaster Antenna Group.

  • Jan 27- Caterpillar Inc posted a stronger-than-expected quarterly profit on Monday as the world's largest mining and construction equipment aggressively cut costs to offset continued sluggish sales of its earth-moving equipment.

  • Jan 27- Ford Motor Co will showcase a global compact concept car at the New Delhi auto show next month, highlighting a design direction that could spearhead the company's efforts to tap growing demand for small cars in India and other emerging markets.

  • LONDON, Jan 27- Gold prices eased on Monday, retreating from the 10- week highs they hit overnight on the back of weakness in global stocks, as traders cashed in gains in the metal ahead of a key Federal Reserve meeting this week. Spot gold was at $1,263.60 an ounce by 1239 GMT, down 0.4 percent, having hit its highest since mid-November overnight at $1,278.01 an ounce.

  • LONDON, Jan 27- Brent oil futures fell towards $107 a barrel on Monday as investors dumped risky assets over worries about weaker emerging market economies, but U.S. crude held up due to a spell of cold weather. "There is quite a lot of uncertainty creeping in here," said Ole Hansen, senior commodity strategist at Saxo Bank.

  • Jan 27- Swaps broker ICAP will give up its role in establishing a widely used benchmark for derivatives, two sources familiar with the situation told Reuters, after U.S. and UK regulators started investigating the process.

  • BUENOS AIRES, Jan 27- Argentina set monthly limits on dollar purchases on Monday, keeping restraints on a currency market that it unexpectedly loosened last week in a move that battered the peso and jolted emerging markets globally. government revived doubts about its commitment to a more liberal currency market. said economist Rodolfo Rossi in Buenos Aires. "

  • STOCKHOLM, Jan 27- Samsung Electronics Co will pay Ericsson $650 million along with years of royalties to end a technology licence spat, the Swedish company said on Monday. The initial payment will lift fourth-quarter sales by 4.2 billion Swedish crowns and net income by 3.3 billion, Ericsson said in a statement.

  • LONDON, Jan 27- Safe-haven currencies such as the yen and the Swiss franc took a breather on Monday, with both falling against the dollar which benefited from expectations the Federal Reserve may reduce monetary stimulus this week. A rebound in two-year Treasury yields helped the dollar to 102.55 yen, up 0.2 percent on the day.

  • Jan 27- Caterpillar Inc posted a stronger-than-expected quarterly profit on Monday as the world's largest mining and construction equipment aggressively cut costs to offset continued sluggish sales of its earth-moving equipment.

  • UPDATE 3-AT&T rules out Vodafone bid for now Monday, 27 Jan 2014 | 7:34 AM ET

    *AT&T says will not bid for Vodafone in next 6 months. LONDON, Jan 27- U.S. mobile group AT&T has ruled out a bid for Britain's Vodafone for now, with banking sources saying a U.S. spying scandal and a surge in European telecom shares may have disrupted a deal that many think could still happen.

  • BERLIN, Jan 27- German business morale hit its highest level in 2-1/ 2 years in January and the Bundesbank said growth in Europe's largest economy would accelerate in the first quarter. The Munich- based Ifo think tank's closely-watched business climate index, based on a monthly survey of some 7,000 firms, rose for a third straight month to 110.6.

  • Jan 27- Canadian National Railway Co said on Monday that five cars on one of its freight trains derailed in the eastern Canadian province of New Brunswick, the second such incident this month. The cars derailed late Sunday evening in the village of Saint-Basile, New Brunswick. One car carried a load of liquefied petroleum gas, CN spokesman Jim Feeny said in an email.