Latest Business News Wires - Business Headlines


  • April 30- Linux operating system vendor Red Hat Inc said it will buy privately held storage systems provider Inktank Ceph Enterprise for $175 million to expand in the fast growing market for software-defined storage. Red Hat said it expected the purchase to be completed in May this year.

  • FOREX-Euro recovers after inflation dip fails to impress Wednesday, 30 Apr 2014 | 8:17 AM ET

    The debate over the scale of disinflation in Europe has dominated major currency markets this week, and lower than expected April price growth of 0.7 percent initially sent the euro to a three-week low against the dollar.

  • UPDATE 1-Battery maker Energizer to split into two Wednesday, 30 Apr 2014 | 8:08 AM ET

    April 30- Energizer Holdings Inc said it plans to separate into two publicly traded companies, one for batteries and other household products and the other for personal care brands such as Schick shavers and Stayfree female hygiene products. Energizer reported $1.9 billion in revenue for the household business in the year ended March 31.

  • Test loopholes take gloss off Europe's cleaner cars Wednesday, 30 Apr 2014 | 8:02 AM ET

    BRUSSELS, April 30- New cars sold in the European Union were four percent cleaner in 2013 than the previous year, data from the European Environment Agency showed on Wednesday, although environmental campaigners said the improvement was exaggerated.


  • ATHENS, April 30- Greece will formally propose stretching the maturity of its international rescue loans to up to 50 years as part of measures to make its debt sustainable, a senior Greek finance ministry official said on Wednesday.

  • April 30- Time Warner Inc reported better-than-expected quarterly results, helped by the box office success of its "The Lego Movie" and the popularity of its "Game of Thrones" TV series. Time Warner is home to pay-TV channel HBO, Warner Bros movie studio and cable channels such as CNN.

  • April 30- Hyatt Hotels Corp said it expected occupancy and room rates at its hotels to remain strong as U.S. business travel continues to grow. The owner of the Park Hyatt, Grand Hyatt and Hyatt Regency chain of hotels reported a first-quarter profit above analysts' estimates, partly helped by a tight supply of rooms.

  • US STOCKS-Futures dip ahead of jobs, GDP data Wednesday, 30 Apr 2014 | 7:57 AM ET

    *Exelon to buy Pepco Holdings. *Twitter, EBay shares down after results. *Twitter shares fell 13.8 percent premarket a day after it posted earnings that showed lackluster user and usage growth for the second consecutive quarter.

  • UPDATE 1-Thomson Reuters profit beats expectations Wednesday, 30 Apr 2014 | 7:49 AM ET

    "We are off to a solid start, and the first quarter's performance is consistent with our full-year expectations," Chief Executive Officer Jim Smith said in a statement.

  • DUBAI, April 30- International Petroleum Investment Co posted a 23.4 percent increase in 2013 net profit on Wednesday, as the investment fund owned by the Abu Dhabi government benefited from a recovery in global equity markets.

  • April 30- Barrick Gold Corp reported a sharp drop in first quarter earnings on Wednesday and cut its forecast for 2014 copper production after damage to the main conveyor at its Lumwana mine in Zambia halted processing there.

  • April 30- International Paper Co posted a higher-than-expected quarterly profit on Wednesday due to rising North American demand for its corrugated shipping boxes. IP, which has a large joint venture in Siberia, is closely monitoring the tension between Russia and the Ukraine, but so far has taken no action.

  • HP, Foxconn launch cloud server joint venture Wednesday, 30 Apr 2014 | 7:40 AM ET

    April 30- Hewlett-Packard Co and Taiwanese contract electronics manufacturer Foxconn Technology Group launched a joint venture to make servers aimed at companies which provide cloud computing services. The new cloud-optimized servers will help service providers to cut costs, the companies said in a statement.

  • Ukraine crisis showcases Russian military revamp Wednesday, 30 Apr 2014 | 7:37 AM ET

    *Moscow defence spending up 30 pct since Georgia war. LONDON, April 30- Holding drills on Ukraine's border and sending bombers to the edge of NATO airspace, Russia's newly reformed military is in just the kind of regional confrontation it was redesigned for, experts say.

  • SAO PAULO, April 30- Embraer SA, the world's third-largest commercial planemaker, said on Wednesday that first-quarter profit more than tripled, beating estimates with surging defense and business jet revenue.

  • April 30- Garmin Ltd reported a better-than-expected 10 percent rise in quarterly revenue as higher sales of its fitness and aviation devices made up for shrinking sales of personal navigation devices, a market it once dominated.

  • MADRID, April 30- Spain's economy grew at its fastest quarterly pace in six years at the start of 2014, but the government is struggling to persuade voters that a solid recovery is underway as unemployment remains sky high and consumer spending anaemic.

  • GRAINS-Corn dips from 3-week high as wheat, soybeans fall Wednesday, 30 Apr 2014 | 7:23 AM ET

    *Wheat faces resistance at $7.20. HAMBURG/ SINGAPORE, April 30- Chicago corn eased from a three-week high on Wednesday and wheat dipped, as grain markets took a breather after rallying in the previous session on global supply concerns sparked by poor U.S. crop weather. Wheat faced technical resistance while the market shrugged off the political crisis in Ukraine.

  • *Its facilities could be sold for a symbolic 1 euro- Italian media. NEW DELHI/ LONDON, April 30- India's billionaire brothers, Naveen and Sajjan Jindal, could be the answer Pope Francis is looking for.