Latest Business News Wires - Business Headlines


  • *Serbia hopes to reserve 200 mcm of gas in Hungary. NOVI SAD, Serbia, Sept 26- Serbia's chief gas distributor said it hoped to reserve 200 million cubic metres of gas in neighbouring Hungary for the coming winter, while its own inflows of Russian gas were down by 20 percent for a third day on Friday.

  • NEW YORK, Sept 26- World equity markets climbed on Friday as data showed the U.S. economy grew at its fastest pace in more than two years in the second quarter, while U.S. bond prices dipped after news high-profile investor Bill Gross is leaving Pimco for a rival firm.

  • Nike shares hit record high as profit beats estimates Friday, 26 Sep 2014 | 11:06 AM ET

    Sept 26- Nike Inc's shares rose as much as 11 percent to a record high on Friday after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting brokerages to raise their price targets on its stock.

  • NEW YORK, Sept 26- U.S. stock investors, despite finding few areas of the market that appear cheap with indexes near records, appear reluctant to jump into what could be the biggest bargain out there. Bank of America, Citigroup and JPMorgan Chase all have NIMs below the industry medium of 3.6 percent.

  • RadioShack's shares were up 21 percent at 96 cents in morning trading on the New York Stock Exchange. Standard General, which raised its stake in RadioShack to 9.8 percent from 7.08 percent to become the largest shareholder, said its proposals include purchasing the company's loans and other commitments under its credit facility.

  • BOSTON, Sept 26- Apple Inc said the vast majority of Mac computer users are not at risk from the recently identified "Shellshock" computer bug, which security experts have warned affect operating systems, including Mac's OS X. "The vast majority of OS X users are not at risk," Apple spokesman Bill Evans said late Thursday evening.

  • WASHINGTON, Sept 26- The Obama administration urged the international community Friday to view outbreaks of Ebola, MERS and other deadly diseases as global security threats that require broad and rapid responses to protect the safety of populations and economies.

  • LONDON, Sept 26- Gold dropped on Friday, heading for its fourth weekly loss in a row, as investors remained wary that a strong dollar and rebounding shares could drive prices through an important support level at $1,200 an ounce. Spot gold was down 0.7 percent at $1,214.95 an ounce by 1431 GMT, while U.S. gold futures lost $7.40 to $1,214.50 an ounce.

  • NEW YORK, Sept 26- Shares of Digital Ally surged on Friday, with the stock soaring on heavy volume after it received an order from the U.S. military police. "Although not a huge order in itself, the military police in general represents a largely untapped channel through which Digital Ally can distribute its line of products," the company said in a statement.

  • Sept 26- Ford Motor Co said it will recall about 850,000 cars in the United States to fix a software glitch that could lead to a short circuit, delaying the deployment of airbags in the event of a crash. The affected cars are 2013-2014 models Ford C-MAX, Fusion, Escape and Lincoln MKZ vehicles and could have a defect related to the restraints control module, Ford said.

  • BERLIN, Sept 26- Russia's energy minister said after gas talks with Ukraine in Berlin on Friday that an interim deal mediated by the European Union could be the basis for a solution over the winter, though Russia would only supply Ukraine once pre-payments were made.

  • European stocks hit by news of Gross departure Friday, 26 Sep 2014 | 10:25 AM ET

    *Allianz tumbles 6 pct as Gross leaves Pimco. PARIS, Sept 26- European shares trimmed gains in afternoon trade as shares of German insurer Allianz plunged on news that fund manager Bill Gross was leaving Allianz's asset-management unit Pimco.

  • NEW YORK, Sept 26- The dollar rose on Friday and was tracking toward an 11th straight week of gains against a basket of currencies, which would extend the longest winning streak for the greenback since its 1971 free float under President Richard Nixon.

  • MOSCOW, Sept 26- The Russian rouble hit a new record low against the dollar on Friday, hurt in part by companies' foreign debt repayments, while shares in conglomerate Sistema plunged after another twist in a criminal investigation into its chairman.

  • Sept 26- Universal Health Services Inc said it bought British mental health facilities operator Cygnet Health Care Ltd in a deal valued at about $335 million, to enter the UK market. The U.S. hospital operator said Cygnet had 17 facilities across the UK.

  • Sept 26- Casino mogul Steve Wynn has filed a lawsuit accusing prominent short-seller Jim Chanos of slander. In a complaint filed on Thursday, Wynn said Chanos had told several people at an "invitation-only" event in Berkeley, California, on or about April 25 that Wynn and his company, Wynn Resorts Ltd, had violated the federal Foreign Corrupt Practices Act.

  • *Pimco CIO Bill Gross joins Janus Capital. Treasuries prices dipped Friday, erasing earlier gains on news that Pimco Chief Investment Officer Bill Gross would be joining rival Janus Capital Group, which spurred concerns of investor redemptions at the world's largest bond fund manager.



  • COLUMN-Airlines fly slower to cut fuel bill: Kemp Friday, 26 Sep 2014 | 9:39 AM ET

    LONDON, Sept 26- Higher oil prices have had a traumatic effect on U.S. airlines, forcing carriers to re-examine every aspect of the way they do business in a bid to control costs.