Latest Business News Wires - Business Headlines


  • Hopes for Argentina debt deal next week: sources Wednesday, 6 Aug 2014 | 11:11 AM ET

    NEW YORK, Aug 6- International banks and holdout creditors of Argentine debt could reach an agreement as soon as next week, sources close to the situation told IFR on Wednesday, even though the two sides have so far been unable to agree on a price for the defaulted paper.

  • Aug 6- Chesapeake Energy Corp on Wednesday reported a lower-than-expected quarterly profit on higher costs, but the second-largest U.S. producer of natural gas said it expected increased year-end output as more wells are connected to pipelines.

  • LONDON, Aug 6- Russia's President Vladimir Putin signed a decree banning or limiting imports of agricultural products from countries which have imposed sanctions on Russia, the Kremlin's press service said on Wednesday.

  • *Walgreen to buy remaining 55 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co said it would not use a full takeover of Europe's biggest pharmacy chain, Alliance Boots, to move its domicile overseas, following fierce criticism of such tax-cutting deals at home.

  • *NATO says Russian troops massing on Ukraine border. NEW YORK, Aug 6- European stocks fell on Wednesday as concerns over a Russian troop build-up on the border with Ukraine sent nervous investors into high-rated bonds, while U.S. stocks shrugged off early weakness and traded higher.

  • *NATO says concerned about threat of Russia entering Ukraine. NEW YORK, Aug 6- The euro hit a fresh nine-month low against the dollar on Wednesday after Italy said it fell into recession again in the second quarter, June German industrial performance slumped and investors grew more cautious over the conflict in Ukraine.

  • Aug 6- NU Skin Enterprises Inc, a direct-seller of skincare and nutritional products, forecast sales for the second half of the year that fell well short of analysts' expectations as its struggles to revive sales in China, its biggest market.

  • DETROIT, Aug 6- Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million.

  • MONROVIA/ DAKAR, Aug 6- Poverty, then war, and now, a deadly plague. Among the world's poorest states at the bottom of global development indexes, Sierra Leone, Liberia and Guinea had shown signs of leaving behind brutal wars and leaping into Africa's economic boom- before a lethal Ebola epidemic struck.

  • LONDON, Aug 6- Brent crude oil rose above $105 a barrel on Wednesday, bouncing from its lowest close in nine months, after government data showed a drop in U.S. crude stocks last week.

  • NEW YORK, Aug 6- Hedge funds, private equity funds and other alternative investments will command up to 40 percent of the asset management industry's global revenues by 2020 as investors seek them for safety and consistent returns, consulting firm McKinsey& Co said on Wednesday.

  • Aug 6- Time Warner Inc reported a higher-than-expected quarterly profit and boosted its stock buyback program, but the news failed to prevent its shares from tumbling 11 percent a day after Rupert Murdoch withdrew his bid for the company.

  • LONDON/ MOSCOW, Aug 6- Yug Rusi, a Russian grain exporter and sunflower oil producer, is seeking to sell its terminal at Ukraine's Kherson port, two traders told Reuters. Russian companies are expected to try and exit Ukrainian investments as relations between the countries have become increasingly strained after Russia annexed Crimea from Ukraine in March.

  • Aug 6- Alpha Natural Resources Inc reported a smaller-than-expected second-quarter loss as the cost of selling coal in eastern United States declined 6 percent from the first quarter.

  • *Price tag of development project estimated at $20 billion. BEYLA, Guinea, Aug 5- In a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest.

  • DETROIT, Aug 6- Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million.

  • *Another emerging market sell-off likely, but not as severe. BANGALORE, Aug 6- The risk of another selloff in emerging market currencies in the coming year is high, foreign exchange strategists polled by Reuters said, although they do not expect it be as severe as the one earlier this year.

  • LONDON, Aug 6- The dollar's rally looks set to continue, according to a Reuters poll, as the U.S. economy is picking up smartly and raising market speculation about how soon the Fed will have to lift interest rates. It has finally happened, gaining over 4 percent on the euro since hitting a 2-1/ 2 year low in May, to trade around $1.34.

  • TORONTO, Aug 6- Tim Hortons Inc, the Canadian coffee and doughnut chain, said on Wednesday that market-beating quarterly growth shows a shift in strategy is paying off and that full-year profit and U.S. sales growth could exceed its targets.

  • *Equities fall as Russia gathers forces near Ukraine. LONDON, Aug 6- Gold rose 1.6 percent Wednesday, extending modest early gains as concerns of an escalation of the conflict in Ukraine put global equities under sustained pressure, raising demand for assets perceived as an insurance against risk.