Latest Business News Wires - Business Headlines


  • *Iraq's southern oilfields remain safe- U.N. envoy. LONDON, June 26- Brent crude oil fell on Thursday, as fears about conflict causing export disruption from Iraq, OPEC's second-largest producer, subsided further.

  • Merkel calls Putin again on Ukraine Thursday, 26 Jun 2014 | 7:47 AM ET

    MOSCOW/ KIEV, June 26- German Chancellor Angela Merkel spoke to Russian President Vladimir Putin for the second time in two days on Thursday to discuss how to help resolve the crisis in eastern Ukraine, the Kremlin said.

  • LONDON, June 26- Sterling rallied against the dollar on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations and a downward revision to U.S. The Bank of England tightened lending norms to the housing sector but its measures were less aggressive than many in the market had anticipated.

  • WASHINGTON, June 26- General Motors Chief Executive Mary Barra said on Thursday more recalls are possible as the No. 1 U.S. automaker continues to look at data and take action if necessary.

  • *Glencore had been criticised for lack of female directors. *Patrice Merrin holds number of other industry posts. LONDON, June 26- Commodity trader and miner Glencore Plc, the last London- listed blue-chip company with an all-male board, has appointed Patrice Merrin as its first female board director.

  • *Industry ministry to fine BMW, Volkswagen, Audi, Chrysler for false ratings. SEOUL, June 26- South Korea will fine Hyundai Motor around 1 billion won for overstating the fuel economy of its Santa Fe sport utility vehicle, almost two years after authorities in the United States uncovered the same issue.

  • Auxilium Pharma to buy Canadian eye drug maker QLT Thursday, 26 Jun 2014 | 7:30 AM ET

    June 26- Auxilium Pharmaceuticals Inc said it would buy Canadian eye drug maker QLT Inc in an all-stock deal to gain access to QLT's experimental treatment for retinal diseases caused by gene mutations.

  • *Barclays slides on new U.S. lawsuit. LONDON, June 26- British banks, builders and the pound dominated the action on Europe's financial markets on Thursday, after the U.S. sued Barclays for fraud and the Bank of England took less aggressive action than expected to cool a booming UK housing market.

  • CAIRO, June 26- Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government tries to stave off a worsening power crisis. In April, Ismail said Egypt would pay about $1 billion "within two months" but the government has not yet announced that it has paid.


  • LONDON, June 26- Britain on Thursday published draft regulations that would force tobacco firms to sell cigarettes in unbranded packaging with graphic health warnings as it prepared to legislate on the issue to try to improve public health.

  • Google removes first search results after EU ruling Thursday, 26 Jun 2014 | 7:26 AM ET

    BRUSSELS, June 26- Google has begun removing some search results to comply with a European Union ruling upholding citizens' right to have objectionable personal information about them hidden in search engines.

  • Strong motorhome demand boosts Winnebago profit Thursday, 26 Jun 2014 | 7:22 AM ET

    June 26- Winnebago Industries Inc, the largest U.S. motorhome maker, reported a 49 percent jump in quarterly profit as motorhome deliveries jumped 18 percent. The company's net income rose to $11.4 million, or 42 cents per share, in the third-quarter ended May 31, from $7.7 million, or 27 cents per share, a year earlier. Revenue rose 13.5 percent to $247.7 million.


  • June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes at higher prices. Lennar's average selling price rose 14 percent in the quarter amid tighter supply of homes. Lennar's profit was weighed down by losses in its real estate financing business and multi-family home business.

  • Accenture quarterly revenue rises 7.5 pct Thursday, 26 Jun 2014 | 7:13 AM ET

    June 26- Accenture Plc, a consulting and outsourcing company, reported a 7.5 percent rise in quarterly net revenue, led by faster growth in its consulting business. The company's net income rose to $881.8 million, or $1.26 per share, in the third quarter ended May 31 from $874.1 million, or $1.21 per share, a year earlier.

  • June 26- Benet Wilson is one of the 2.5 million Americans who have paid a yearly fee to skip security lines at airports and thinks it's worth every penny she paid for a five-year membership in the Global Entry program offered by the U.S. Customs and Border Protection department. The value of spending $100 for Global Entry comes down to how often you fly.

  • *Iraq, Ukraine tensions support safe haven bonds. Conflict in Iraq and Ukraine supported the bloc's safest assets, but with borrowing costs for its weakest states still near record lows there was little evidence that investors' were closing riskier bets.

  • TAIPEI, June 26- A senior Taiwanese politician urged China's top official in charge of relations with the island to respect its people and their choices, underscoring the deep ideological split that divides democratic Taiwan and Communist-ruled China.

  • *EU steel body says China, Taiwan at 14 pct market share. BRUSSELS, June 26- The European Commission has launched an investigation into accusations that China and Taiwan have dumped billions of dollars of stainless steel in Europe, a decision that could reignite trade tensions with Beijing.