Latest Business News Wires - Business Headlines


  • Thomson Reuters reports rise in operating profit Wednesday, 30 Apr 2014 | 7:12 AM ET

    Operating profit rose to $528 million in the first quarter from $462 million a year earlier. Revenue from ongoing businesses increased 1 percent to $3.1 billion, in line with analysts estimates, according to Thomson Reuters I/B/E/S.

  • Battery maker Energizer to split into two Wednesday, 30 Apr 2014 | 7:12 AM ET

    April 30- Energizer Holdings Inc said it plans to separate into two publicly traded companies, one for household products and the other for personal care. The separation is planned as a tax-free spin-off and is expected to be completed in the second half of the 2015 fiscal year, the company said in a statement.

  • *Britain worries transaction tax will hit City of London. *Defeat is setback for UK in tussle with Brussels. BRUSSELS/ LONDON, April 30- Britain's legal challenge to a financial transactions tax was rejected by Europe's highest court, dealing another blow to attempts to shield London's financial centre from the influence of Brussels.

  • Garmin revenue up as fitness, aviation sales rise Wednesday, 30 Apr 2014 | 7:08 AM ET

    April 30- Garmin Ltd reported a 10 percent rise in quarterly revenue, helped by higher sales of its fitness and aviation navigation devices. The company's net income rose to $118.8 million, or 61 cents per share, in the first quarter ended March 29, from $88.7 million, or 45 cents per share, a year earlier.

  • April 30- International Paper Co, the largest North American producer of corrugated shipping boxes, posted a quarterly loss on Wednesday due to charges to close an Alabama paper mill. The company had a first-quarter net loss of $95 million, or 21 cents per share, compared with net income of $318 million, or 71 cents per share, in the year-ago period.

  • April 30- Synergy Pharmaceuticals Inc said its experimental constipation drug met the main goal of a mid-stage study in patients with a form of irritable bowel syndrome. The company's shares jumped about 11 percent to $5.35 in premarket trading on Wednesday.

  • U.S. mortgage market index hits lowest since Dec 2000-MBA Wednesday, 30 Apr 2014 | 7:00 AM ET

    NEW YORK, April 30- Applications for U.S. home mortgages fell last week to their lowest level since December 2000 as both refinancing and purchase applications declined, an industry group said on Wednesday.

  • UPDATE 1-Carlyle profit falls as compensation costs rise Wednesday, 30 Apr 2014 | 7:00 AM ET

    *First-qtr ENI $0.85 vs est $1.01/ unit. April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit as compensation costs rose. Total assets under management rose to $198.9 billion from $176.3 billion a year earlier.

  • April 30- Canadian oil and gas producer Cenovus Energy Inc reported a better-than-expected operating profit, helped by a 48 percent jump in production at its Christina Lake oil sands project in northern Alberta.

  • April 30- Barrick Gold Corp, the world's largest gold miner, reported a 90 percent fall in quarterly earnings, hurt by lower gold prices and production. Net earnings attributable to shareholders fell to $88 million, or 8 cents per share, in the first quarter ended March 31, from $847 million, or 85 cents per share, a year earlier.

  • *China's yuan on track for fourth monthly loss. LONDON, April 30- The euro recovered and the currency bloc's government bonds retreated on Wednesday after euro zone inflation stayed just about strong enough to suggest the European Central Bank will take no action when it meets next week.

  • LONDON, April 30- Nickel is the only game in town right now among the base metals traded on the London Metal Exchange. Nickel is trading a strong fundamental story with Indonesia's ban on exports of nickel ore expected to turn the market from supply feast to supply famine in double-quick time.

  • GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday he would welcome a bid by Brazilian miner Vale for re-allocation of mining permits because it had not been involved in the corruption that led to their cancellation.

  • Hyatt reports higher revenue as business travel increases Wednesday, 30 Apr 2014 | 6:47 AM ET

    April 30- Hyatt Hotels Corp reported a 10 percent rise in quarterly revenue as growth in business travel in North America boosted both occupancy and room rates. Net income attributable to Hyatt rose to $56 million, or 36 cents per share, in the first quarter, from $8 million, or 5 cents per share, a year earlier.

  • MUMBAI, April 30- An Indian court has temporarily halted generic drugmaker Sun Pharmaceutical Industries Ltd's $3.2 billion takeover of rival Ranbaxy Laboratories Ltd until it decides on a petition for a probe into alleged insider trading.

  • April 30- WellPoint Inc, the second-largest U.S. health insurer, said on Wednesday that first-quarter profit fell, largely because of investment spending related to healthcare reform and the higher administrative costs of adding new commercial customers.

  • April 30- Exelon Corp, the largest U.S. nuclear power producer, said it would buy Pepco Holdings Inc for $6.83 billion to create the biggest electric and gas utility in the U.S. Exelon's $27.25 per share cash offer represents a near 20 percent premium to Pepco Holdings' Tuesday close of $22.79 on the New York Stock Exchange.

  • Ryanair buys five more Boeing 737-800 planes Wednesday, 30 Apr 2014 | 6:38 AM ET

    DUBLIN, April 30- Low cost carrier Ryanair said on Wednesday it had agreed to buy five more Boeing 737-800 aircraft, taking its order book to 180 new Boeing planes worth over $16 billion. Ryanair, Europe's largest airline by passenger numbers, said four of the five planes would be delivered in the summer next year, with the fifth coming in Feb, 2016..

  • *Alstom says committee to review offer before end-May. *Alstom says would refocus on transport, repay debt. PARIS, April 30- Cash-strapped French engineering group Alstom said on Wednesday it would study a $16.9 billion offer from General Electric for its energy arm but left the door open for a rival bid from Germany's Siemens.

  • Carlyle profit falls as compensation costs rise Wednesday, 30 Apr 2014 | 6:30 AM ET

    April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit as compensation costs rose.