Latest Business News Wires - Business Headlines


  • *CEO Maurice Levy says Publicis needs to be bigger. PARIS, May 9- Advertising agency Publicis will probably return money to shareholders and pursue smaller acquisitions this year as it seeks to get back on track after the failure of a $35 billion merger with U.S. peer Omnicom.

  • MUMBAI, May 9- Indian markets are so confident the opposition party led by Narendra Modi will win the country's elections that brokers fear anything short of a decisive victory could spark the worst sell-off in years.

  • Amazon's UK tax bill 10 mln stg on $7 bln sales Friday, 9 May 2014 | 7:10 AM ET

    LONDON, May 9- Amazon.com Inc filed accounts on Friday showing a UK tax bill of 10 million pounds despite $7.3 billion sales in Britain, because the company reports most of its European profit in a tax-exempt Luxembourg partnership. Amazon said it follows all the tax rules in every country where it operates.

  • *Vale says suspends nickel operations in New Caledonia. *China domestic copper market remains tight.

  • *Nigeria military was a force for stability in West Africa. ABUJA, May 8- Two decades ago Nigeria's military was seen as a force for stability across West Africa. A foe that abducted more than 200 secondary school girls in Chibok, northeastern Nigeria, nearly a month ago.

  • Stratasys 1st-qtr adjusted revenue rises 54 pct Friday, 9 May 2014 | 6:46 AM ET

    May 9- 3 D printer maker Stratasys Ltd reported a 54 percent rise in quarterly adjusted revenue as it sold more higher-margin printers and services. Net income attributable to Stratasys was $4.1 million, or 8 cents per share, in the first quarter, compared with a loss of $15.5 million, or 40 cents per share, a year earlier.

  • FLORENCE, Italy, May 9- European Union countries are struggling to agree the approach to take on the crisis in Ukraine, despite broad condemnation of the actions of Russia, outgoing European Commission President Jose Manuel Barroso said on Friday.

  • May 9- Hilton Worldwide Holdings Inc's quarterly profit nearly quadrupled as increased business and leisure travel drove up occupancy and room rates.

  • SHANGHAI, May 9- China on Friday pledged to move ahead with a broad range of reforms to the country's capital markets in a bid to increase transparency, encourage more efficient capital allocation and increase openness to foreign investment.

  • *Red Square parade given extra charge by Ukraine crisis. MOSCOW, May 9- Tanks rumbled across Red Square and fighter jets screamed overhead on Friday in Russia's biggest Victory Day military parade in years, fuelling patriotic fervour as President Vladimir Putin rallies his people over the Ukraine crisis.

  • *Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares retreated on Friday as a disappointing business update from leading telecoms group Telefonica sobered the mood after a rally on the previous day.

  • Pfizer Chief Executive Ian Read has already given a five-year commitment to complete AstraZeneca's new research centre in Cambridge, retain a factory in Macclesfield, and put a fifth of its research staff in Britain if the deal goes ahead.

  • *Traders await fresh news over Ukraine stand-off. LONDON, May 9- Gold held steady around $1,290 an ounce on Friday, underpinned by strong chart support, but remained on track to fall for a second week as the dollar took support from euro weakness and traders awaited further news on Ukraine.


  • May 9- Mitsubishi UFJ Financial Group Inc, Japan's biggest lender, is considering bidding for the corporate trust arm of Bank of New York Mellon Corp, Bloomberg reported on Friday, citing unidentified people with knowledge of the matter. Ron Gruendl, a spokesman for BNY Mellon, said the company does not comment on market speculation.

  • gm UPDATE 2-IAG sees improved performance by Iberia Friday, 9 May 2014 | 5:48 AM ET

    LONDON, May 9- British Airways owner International Consolidated Airlines Group reported better than expected first-quarter results on Friday, with a halving of losses at troubled Spanish carrier Iberia putting it on course for a rise in annual profits.

  • *GDP data due on May 15, current account on May 12. TOKYO, May 9- Japan's economy probably grew the most in a year in the January-March quarter as consumers rushed to spend before a sales-tax increase, a Reuters poll showed, but persistent weakness in external demand could pose a risk to growth ahead.

  • *Lonmin memo says security will be provided to miners. JOHANNESBURG, May 9- South African platinum producer Lonmin is laying the groundwork to restart its operations next week after a concerted effort to woo striking miners back to work by taking its latest wage offer directly to them.

  • SYDNEY, May 9- New Caledonia's southern provincial government said on Friday it was starting legal proceedings against Vale over environmental damaged caused by an effluent spill at the miner's nickel operations.

  • BEIJING, May 9- The yuan is moving closer to its equilibrium level, China's foreign exchange regulator said on Friday as it forecast more volatility in the country's capital flows.