Latest Business News Wires - Business Headlines


  • June 23- U.S. authorities have sought information from Dean Foods Co and Clorox Co in connection with an insider-trading investigation of billionaire investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter.

  • LONDON, June 23- A Claude Monet painting of water lilies sold for almost 32 million pounds at auction in London on Monday, the second highest price ever paid for the artist at auction and confirming the global hunt is still on for "trophy paintings", Sotheby's said.

  • WASHINGTON, June 23- The U.S. Air Force on Monday temporarily halted flights at a Florida air base of 26 F-35A fighter jets built by Lockheed Martin Corp after a jet caught fire as it was preparing to take off for a training flight, a Pentagon spokesman said.

  • June 23- Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit. The company is struggling to turn around its fortunes after a host of problems in key markets such as Russia, Latin America and the United States hurt profits.

  • SAN FRANCISCO, June 23- Memory chipmaker Micron Technology Inc posted fiscal third-quarter results above expectations and said pent up demand for personal computers is fueling demand for its DRAM chips.

  • Cosmetics maker Avon Products to cut about 600 jobs Monday, 23 Jun 2014 | 5:25 PM ET

    June 23- Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company tries to return to profit. Avon said it would take a pretax charge of $45 million- $50 million, of which $40 million was expected to be recorded in the second quarter.

  • Franklin Lakes, New Jersey- based Western World offers auto and property insurance and, within Validus, it will operate as an independent business led by its current management team. Validus provides reinsurance and insurance services and operates through its three Bermuda- based units- Reinsurance Ltd, Talbot Holdings Ltd and AlphaCat Managers Ltd..

  • MAULES CREEK, Australia, June 24- A farmer's habit of rising before dawn finds Cliff Wallace alone most mornings while a rag-tag army of anti-coal activists camped in tents and tee-pees on his land catch a few more hours sleep.

  • WASHINGTON, June 23- President Barack Obama met with Goldman Sachs Chief Executive Lloyd Blankfein, Johnson& Johnson chief Alex Gorsky and other business leaders on Monday to discuss ways to encourage companies to make their work places more family friendly.

  • WASHINGTON, June 23- President Barack Obama on Monday directed the federal government to give workers more leeway in determining their schedules, part of his goal to make U.S. workplaces more family-friendly- and a broad pitch to Democratic voters ahead of November elections.

  • Under terms of the lease, Gulftainer, a wholly-owned subsidiary of United Arab Emirates- based Crescent Enterprises, will invest up to $100 million in equipment and employees to operate a container and cargo terminal under construction at Port Canaveral, just south of Cape Canaveral Air Force Station and Kennedy Space Center.

  • *Wisconsin Energy to buy Integrys for $9.1 bln. *ParkerVision plummets on its heaviest-ever volume. "Right now we're digesting last week's gains and keeping an eye on all the economic data that's coming out this week," said Leo Grohowski, who oversees more than $184 billion in client assets as chief investment officer at BNY Mellon Wealth Management in New York.

  • June 23- Reinsurer Validus Holdings Ltd said it would buy specialty insurer Western World Insurance Group Inc for about $690 million in cash.

  • SAN FRANCISCO, June 23- Memory chipmaker Micron Technology Inc posted fiscal third-quarter results above expectations following signs of stabilization in the personal computer industry that could fuel demand for DRAM chips.

  • LONDON, June 23- Canada's finance minister Joe Oliver warned on Monday that investors could be mispricing risk as they hunt for better investment returns, and said policymakers should keep the issue under close review. Part of that is macroeconomic and monetary issues, but there is a geopolitical issue, "he said at the London residence of Canada's envoy to London.

  • NEW YORK, June 23- U.S. stocks ended a quiet session essentially unchanged on Monday as investors found few reasons to keep buying following a six-day rally in the S&P 500, though merger activity lifted energy shares.

  • COLUMN-When you should be wary of that high dividend Monday, 23 Jun 2014 | 3:45 PM ET

    PITTSBURGH, June 24- If you are hungry for income, it is hard not to salivate over double-digit dividend yields that some closed-end funds offer, when most stocks only pay around 2 percent. But put your tongue back in your mouth. Funds to look out for are mostly closed-end equity funds such as MFS Special Value Trust and DNP Select Income.

  • *Gold option expiration on Weds keeps prices in check. NEW YORK/ LONDON, June 23- Gold rose on Monday on weaker U.S. equity markets and geopolitical tensions over increasing violence in Iraq, while platinum eased as South African miners' union declared an official end to a five-month strike.

  • NEW YORK, June 23- The Financial Industry Regulatory Authority has withdrawn a proposal that would require brokers to disclose to customers signing bonuses and other compensation they receive to move to a new firm, but it plans to refile it later this year.

  • PARIS, June 23- French conglomerates Alstom and Vinci signed a 2 billion euro deal with Qatar on Monday to build a tram system in the future Lusail City, while the two countries also discussed a possible defense contract.