Latest Business News Wires - Business Headlines


  • LONDON, Sept 17- Sterling crept higher on Wednesday, helped by a handful of polls showing the "No" camp holding onto a slender lead in the run-in to Thursday's referendum on Scottish independence.

  • *Sterling inches up ahead of Scotland vote, implied vols jump. LONDON, Sept 17- The dollar neared six-year highs against the yen on Wednesday as investors awaited fresh clues from the Federal Reserve on when a first hike in U.S. interest rates is likely to come.

  • FedEx profit jumps 24 pct on higher shipment volume Wednesday, 17 Sep 2014 | 7:42 AM ET

    Sept 17- FedEx Corp reported a 24 percent rise in quarterly profit as the world's No. 2 package delivery company benefited from higher volumes in both its express and ground businesses. Net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31 from $489 million, or $1.53 per share, a year earlier. Revenue increased 6 percent to $11.7 billion.

  • US STOCKS-Futures little changed as Fed statement awaited Wednesday, 17 Sep 2014 | 7:42 AM ET

    NEW YORK, Sept 17- U.S. stock index futures were little changed on Wednesday ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.

  • Russian investigators accused Sistema's Vladimir Yevtushenkov of money laundering late on Tuesday in connection with his company's acquisition of up-and-coming oil producer Bashneft.

  • Sept 17- Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million.

  • Sept 17- Auxilium Pharmaceuticals Inc adopted a poison pill with a 15 percent trigger, a day after an unsolicited $2.2 billion buyout offer from Endo International Plc.

  • Iraq's oil output revival at stake for want of water Wednesday, 17 Sep 2014 | 7:14 AM ET

    DUBAI, Sept 17- A lack of water threatens Iraq's plans to raise its oil output, boost its stumbling economy and become a leading producer in the region after Saudi Arabia. A multi-billion dollar common seawater injection scheme designed to boost production from the giant export oilfields in Iraq's south is snarled up in red tape and acrimony.

  • ISTANBUL, Sept 17- The head of Turkey's Bank Asya has vowed to strengthen its capital base and see off what he described as a systematic campaign to undermine it, warning the attack on his bank could sour foreign investors' views of Turkey.

  • General Mills profit falls 25 pct as sales decline Wednesday, 17 Sep 2014 | 7:09 AM ET

    Sept 17- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 25 percent fall in quarterly profit as sales fell for the fourth straight quarter and merchandising costs rose. The company's net income fell to $345.2 million, or 55 cents per share in the quarter ended Aug. 24, from $459.3 million, or 70 cents per share, a year earlier.

  • European shares gain on hope of less hawkish Fed Wednesday, 17 Sep 2014 | 7:08 AM ET

    *Smiths Group falls after slump in operating profit. LONDON, Sept 17- European shares rose in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index was up 0.2 percent, against a 0.6 percent gain for the FTSEurofirst 300 index of top European shares to 1,386.66 points by 1035 GMT.

  • BERLIN, Sept 17- Oliver Samwer and his brothers Marc and Alexander are on the brink of becoming Germany's newest billionaires with the flotations of Rocket Internet and the European online fashion site Zalando it helped launch in 2008..

  • Officials in the Office of the U.S. Trade Representative and the National Security Council have each held internal talks about potential free-trade challenges from South Korea and NATO allies, two sources familiar with the matter said.


  • Sept 17- Lennar Corp, the second largest U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and its shares rose about 6 percent in premarket trading.

  • UPDATE 1-Gilead's experimental drug fails mid-stage study Wednesday, 17 Sep 2014 | 6:47 AM ET

    Sept 17- Gilead Sciences Inc said its experimental drug did not significantly improve how long patients with a type of pancreatic cancer lived without the disease worsening. Separately, the biotechnology company also licensed Sovaldi to seven India- based drugmakers that will sell far cheaper versions of the drug in 91 developing nations.

  • PARIS, Sept 17- President Francois Hollande has angered everyone from medics to taxi drivers enough to drive them onto the streets in recent months but there is one profession few expected to see on the march: France's well-heeled "notaires".

  • Sept 17- Activist investor Nelson Peltz's Trian Fund Management LP, which holds a $1.6 billion stake in DuPont, called on the chemical conglomerate to separate its high-growth agriculture and other businesses from units that generate strong cash flows.

  • *Report of targeted stimulus to big China banks. LONDON, Sept 17- Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.

  • PHNOM PENH, Sept 17- Cambodia deployed armed troops in its capital on Wednesday as garment workers held rallies to revive a campaign for higher wages that had helped to stoke a year-long political crisis.