Latest Business News Wires - Business Headlines


  • TORONTO, June 2- A major shareholder of Timmins Gold Corp, which owns the San Francisco gold mine in Mexico, said on Monday it planned to nominate six candidates for the company's eight-member board. Shares of Timmins jumped 5.8 percent to C $1.46 in morning trading on the Toronto Stock Exchange.

  • *Google shares fall, weighing on tech sector. *Broadcom rallies, may sell cellular baseband business. NEW YORK, June 2- U.S. stocks edged lower on Monday, falling from record levels as a weaker-than-expected read on manufacturing gave traders an excuse to sell.

  • June 2- Activist investor Starboard Value LP reported a 5.6 percent stake in MeadWestvaco Corp and said the packaging materials maker's stock was "deeply undervalued".

  • WASHINGTON, June 2- U.S. manufacturing activity slowed last month and construction spending rose less than expected in April, which could temper hopes of a sharp pick-up in economic growth this quarter.

  • Mexico manufacturing sentiment ticks up in May Monday, 2 Jun 2014 | 10:30 AM ET

    MEXICO CITY, June 2- Mexico's manufacturing sector sentiment edged up in May, rising for a second month in a row off a five-month low, on improving new orders and employment even as output dipped amid a sluggish economic recovery.

  • U.S. charges Russian national in cyber conspiracy Monday, 2 Jun 2014 | 10:29 AM ET

    June 2- The U.S. Justice Department has filed a criminal complaint, accusing Russian national Evgeniy Mikhaylovich Bogachev of being a member of a cyber crime gang that sought to steal millions of dollars from U.S. consumers.

  • LONDON, June 2- A flagship index of frontier market stocks is likely to struggle to match its previous strong performance after the promotion of its two top scorers, Qatar and the United Arab Emirates.

  • ZURICH, June 2- Roche is betting the same tools that made it the world's largest producer of cancer drugs will help it tackle the growing public health crisis of antibiotic resistance as regulators and politicians encourage fresh research.

  • June 2- The Environmental Protection Agency released a sweeping rule to cut carbon emissions from U.S. power plants by 30 percent by 2030, the cornerstone of President Barack Obama's pledge to combat climate change.

  • TOKYO, June 2- A draft plan to boost Japanese growth promises to overhaul corporate governance, promote technology and attract private investment, but it leaves many of the toughest questions unanswered as the country seeks to claw its way out of a crippling cycle of deflation.

  • WASHINGTON, June 2- The U.S. power sector must cut carbon dioxide emissions 30 percent by 2030 from 2005 levels, according to federal regulations unveiled on Monday that form the centerpiece of the Obama administration's climate change strategy.

  • LOS ANGELES, June 2- A languid economy, soaring education debt and ignorance about available repayment options lead many borrowers to fall behind on their student loan payments, financial aid experts say.


  • U.S. manufacturing sector grows, speed slows -ISM Monday, 2 Jun 2014 | 10:00 AM ET

    NEW YORK, June 2- The pace of growth in the U.S. manufacturing sector unexpectedly slowed in May, an industry report released on Monday showed. The Institute for Supply Management said its index of national factory activity fell to 53.2 last month from 54.9 in April, coming in shy of the 55.5 expected according to a Reuters poll of economists.

  • U.S. construction spending at five-year high Monday, 2 Jun 2014 | 10:00 AM ET

    WASHINGTON, June 2- U.S. construction spending rose to its highest level in five years in April, but the increase was less than expected, suggesting a mild pick-up after residential and nonresidential construction contracted in the first quarter.

  • June 2- B/E Aerospace Inc, a maker of aircraft interior products, said it would buy aircraft lighting systems maker EMTEQ Inc and helicopter seat manufacturer F+ E Fischer+ Entwicklungen GmbH& Co KG for a total of about $470 million.

  • June 2- Valeant Pharmaceuticals Inc on Monday prepared to take its $53.8 billion takeover bid for Allergan Inc directly to the Botox maker's shareholders, and ally Pershing Square called for a meeting to turn over the target company's board.

  • LAGOS, June 2- Nigerian stocks surged to a 4- month high on Monday after equity index provider MSCI increased the weight of Africa's biggest economy in its frontier market index. MSCI increased the weight in the index to 19 percent, from 12 percent, making it the second biggest after Kuwait.

  • *Iraq oil exports rise 8 percent last month. LONDON, June 2- Brent crude oil futures fell below $109 a barrel on Monday, weighed down by a stronger dollar and recent data showing ample output. Gold has followed the same trend as the dollar has strengthened, " Gareth Lewis-Davies, a senior energy analyst at BNP Paribas, said.

  • US STOCKS SNAPSHOT-Wall St edges higher at the open Monday, 2 Jun 2014 | 9:34 AM ET

    NEW YORK, June 2- U.S. stocks opened with slight gains on Monday as Wall Street's recent upward momentum continued, though investors found few reasons to push shares decisively higher, with the Dow and S&P 500 at record levels.