Latest Business News Wires - Business Headlines


  • *Serious Fraud Office charges 3 ex- Barclays traders. LONDON, April 28- Britain on Monday filed its first criminal charges against U.S.-based Libor traders, as the UK arm of a complex global investigation into alleged benchmark interest-rate rigging stretches across the Atlantic.

  • *Forest Labs to buy Furiex for up to $1.46 bln.

  • 5 things to know about Google's self-driving cars Monday, 28 Apr 2014 | 10:29 AM ET
    Google's driverless car.

    Here are five things to know about driverless cars, and their future.



  • *Bk of Israel: Q1 growth led by domestic demand, services exports. JERUSALEM, April 28- The Bank of Israel left its main interest rates steady for a second straight month on Monday, citing faster economic growth in the first quarter and stable inflation.

  • BUCHAREST, April 28- The rewards are currently higher than the risks for equity investments in Russia and Ukraine, the chairman of Templeton Emerging Markets Group said on Monday.

  • *U.S. announces new sanctions against Russia over Ukraine. LONDON, April 28- Brent crude oil slipped below $110 a barrel on Monday, consolidating near seven-week highs as the United States imposed more sanctions on Russia over the Ukraine crisis.

  • WASHINGTON, April 28- The U.S. Supreme Court on Monday brought an end to Novell Inc's antitrust claims against Microsoft Corp that date back 20 years to the development of Windows 95 software. By declining to hear Novell's appeal, the court left intact a 10th U.S. Circuit Court of Appeals ruling from September 2013 in favor of Microsoft.

  • TORONTO, April 28- Newmont Mining Corp said on Monday it has terminated merger talks with Barrick Gold Corp, slamming its suitor and stating bluntly that talks failed due to the lack of a constructive, mutually respectful dialogue.

  • UPDATE 1-Detroit reaches labor deal with city unions Monday, 28 Apr 2014 | 10:09 AM ET

    The agreement in principle covers the major aspects of labor contracts with the city's largest union, the American Federation of State, County and Municipal Employees, and 13 other bargaining units, said the mediators, who were appointed by the U.S. Bankruptcy Court judge overseeing Detroit's historic municipal bankruptcy.

  • LONDON, April 28- Pfizer's plan to snap up its smaller rival AstraZeneca has stoked concerns about Britain's ability to remain a leader in life sciences, even as the U.S. drugmaker insists that it highly values UK research.

  • TOKYO, April 28- Panasonic Corp forecast a third straight year of operating profit growth as it wraps up a restructuring campaign to shift its focus from volatile consumer markets to more reliably profitable industrial products such as car batteries.

  • U.S. pending home sales jump, end losing streak Monday, 28 Apr 2014 | 10:00 AM ET

    WASHINGTON, April 28- Contracts to buy previously owned U.S. homes rose in March for the first time in nine months, in the latest sign the housing market was stabilizing after a recent wobble. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, increased 3.4 percent to 97.4.

  • Germany voices support for Siemens-Alstom deal Monday, 28 Apr 2014 | 9:58 AM ET

    BERLIN, April 28- The German government voiced support on Monday for a deal between Siemens and France's Alstom, saying mooted plans for a swap of energy and rail assets could offer "great opportunities" for both countries.

  • While Bayer's bulging drugs pipeline has been largely responsible for the stock's 23 percent gain over the past year, outperforming a 17 percent rise for the European drug sector,, U.S. group Pfizer's confirmation of its interest in AstraZeneca on Monday also rubbed off on rivals.

  • LONDON, April 28- The United States announced additional sanctions on Russian individuals and businesses on Monday over the crisis in Ukraine, leading to growing fears in commodity markets of possible supply disruptions.

  • *Comcast aims to win regulatory approval for Time Warner Cable deal. April 28- Comcast Corp offered to sell 1.4 million pay TV subscribers to Charter Communications Inc for $7.3 billion as part of a transaction aimed at winning regulatory approval for its proposed $45 billion takeover of Time Warner Cable.

  • NEW YORK/ DETROIT, April 27- Toyota Motor Corp. is moving its U.S. sales headquarters from southern California to suburban Dallas, according to two people familiar with the company's plans. Toyota is not the first company to announce plans to leave California for Texas.

  • *American Tower, Axiata, private equity could eye stake. April 28- Viom Networks Ltd, an Indian phone tower operator majority owned by the Tata Group, is looking to raise funds either through a stake sale or an overseas listing that could raise up to $350 million, sources with direct knowledge of the matter said.