Latest Business News Wires - Business Headlines


  • Defense ministry OK's deal for planes sale to US Monday, 14 Jul 2014 | 4:33 AM ET

    PRAGUE— The Czech Defense Ministry has signed a deal to deliver 14 military airplanes to the United States in an $11 million deal.

  • European shares rise, helped by Shire bid Monday, 14 Jul 2014 | 4:27 AM ET

    *Shire to recommend shareholders accept AbbVie offer. UK- listed pharmaceutical Shire rose 2.6 percent after it said it was ready to recommend a new 53.20 pound per share offer from US firm AbbVie. "AbbVie are coming in at a decent level," said Manoj Ladwa, head of trading at TJM Partners.

  • *Bank of Japan, China data feature this week. LONDON, July 14- The dollar edged up against the yen on Monday, though stayed well within recent ranges, as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony for cues on the outlook for U.S. monetary policy.

  • SYDNEY, July 14- Australian miner Sirius Resources NL is in late-stage negotiations with a trio of major nickel smelters to supply up to 26,000 tonnes of nickel concentrate annually, its managing director said.

  • Swiss Lindt buys US candy maker Russell Stover Monday, 14 Jul 2014 | 3:48 AM ET

    GENEVA— Swiss chocolate maker Lindt& Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum. Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expand our North American chocolate business."

  • *Gold slips after six straight weeks of gains. SINGAPORE, July 14- Gold slid 1.5 percent on Monday in its biggest one-day drop in nearly seven weeks on selling from stop-loss orders and as Asian share markets gained strength.

  • *Risk of drought, Iraq turmoil add to inflation worries. NEW DELHI, July 14- India's wholesale price inflation eased to a four-month low in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold.

  • European shares rise, buoyed by hopes of Shire deal Monday, 14 Jul 2014 | 3:21 AM ET

    EDINBURGH, July 14- European shares rose on Monday, boosted by M&A activity in the pharmacutical sector and rallying from near two-month lows to kick off the week on a positive foot after its biggest weekly loss in four months.

  • HONG KONG, July 14- China shares posted their best daily gain in a month on Monday as carmakers extended recent gains after the government announced a fresh boost for the sector. The Shanghai Composite Index ended up 1 percent at 2,066.65 points, a four-week high, while the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.1 percent.

  • MUMBAI, July 14- India's pharmaceutical pricing regulator has cut and capped the prices of more than 100 drugs used to treat diseases ranging from diabetes to HIV to malaria, a move likely to hit the profit margins of drug firms like Sanofi SA, Abbott Laboratories and Ranbaxy Laboratories Ltd..

  • FARNBOROUGH, England, July 14- European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings.

  • *U.S. activist group says China supplier uses child labour. SEOUL, July 14- Samsung Electronics Co Ltd said it halted business with a supplier in China over suspected use of child workers, the first time it has taken such a step, after criticism that its monitoring of labour practices at suppliers was inadequate.

  • July 14- EasyJet has selected CFM International S.A., a joint venture between Safran and GE, to provide 270 engines for its order of 35 Airbus A320 aircraft and 100 Airbus A320neo aircraft, the company said on Monday. The airline said it had negotiated a reduced price with CFM but that details were confidential.

  • Witty dealmaker Juncker to be EU's new CEO Monday, 14 Jul 2014 | 2:39 AM ET

    BRUSSELS— The incoming leader of Europe's most powerful bureaucracy is a master of the backroom deal— and an outspoken and witty career politician who once advocated the right to lie in times of crisis.

  • LONDON, July 14- Shire said on Monday it was ready to recommend a new offer from AbbVie after the U.S. firm returned with a fifth bid valuing the London- listed drugmaker at 31.3 billion pounds. AbbVie, which wants to buy Shire to cut its tax bill and diversify its product line-up, made the new offer on Sunday after the Dublin- based group rejected four earlier offers.

  • TOKYO, July 14- Japan's Nikkei average gained ground on Monday, ending its longest losing streak since the "Abenomics" rally started in November 2012, led by retail buying of small- and medium-cap stocks and speculative buying of index futures.

  • Shire says ready to recommend higher AbbVie offer Monday, 14 Jul 2014 | 2:12 AM ET

    LONDON, July 14- Shire said on Monday it was ready to recommend a newly revised higher offer from AbbVie, valuing the London- listed drugmaker at 53.20 pounds per share. AbbVie, which wants to buy Shire to cut its tax bill and diversify its product line-up, raised its cash-and-stock offer for Shire to 51.15 pounds a share last Tuesday.

  • *Violence in Libya, Iraq could boost prices this week. But the market could see a strong rebound this week amid new and continuing violence in Libya and Iraq, and worries that a final deal may not be reached between Tehran and world powers.

  • AP Top Extended Financial Headlines At 2:05 a.m. EDT Monday, 14 Jul 2014 | 2:05 AM ET

    Samsung suspends business with Chinese supplier after child labor allegation Asian stocks rebound after Portuguese bank scare; investors look ahead to US, China data Whiting to become No. 1 Bakken region producer in deal to buy Kodiak for $6 billion in stock Oil edges lower after big drop on expectations for Libyan supplies, lower global demand Engineering company Aecom to buy URS for $4 billion Owners of Trump Plaza casino in Atlantic City say they expect to shut it down in mid-September Serbia finance minister resigns saying reform not deep enough Massachusetts joins ranks of states allowing wineries to ship directly to consumers Ex-health chief: Pennsylvania failed to address public worries over drilling health impacts Drive-in operators find creative ways to afford switch to digital, which can cost $70 K or more

  • Oil edges lower after big drop on Libyan supplies Monday, 14 Jul 2014 | 2:04 AM ET

    Benchmark U.S. crude for August delivery was down 39 cents to $100.44 per barrel at 0535 GMT in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, gained 19 cents to $107.45 on the ICE exchange in London.