Latest Business News Wires - Business Headlines


  • UPDATE 1-U.S. alleges insider trading in eBay deal Friday, 25 Apr 2014 | 1:09 PM ET

    *SEC in first non-prosecution pact with individual. The SEC said Christopher Saridakis, 45, who had led the marketing solutions division of GSI Commerce, gave non public information to two relatives and two friends about eBay's plan to buy his company, and encouraged them to trade on it, leading to more than $300,000 of illegal profit.

  • DETROIT, April 25- United Auto Workers Vice President Joe Ashton has been nominated to General Motors Co's board as the representative for the healthcare trust for retired GM workers, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.

  • LONDON, April 25- Usually prolific borrowers on global markets, Russian companies are finding their funding lifeblood cut off by banks and asset managers who fear their investments will get caught up in the standoff between Moscow and the West.

  • MISSISSAUGA, Ontario, April 25- Canada remains confident Washington will ultimately approve the Keystone XL pipeline to the U.S. Gulf Coast, two prominent cabinet ministers said on Friday, adding that the latest U.S. delay is political and not based on environmental concerns.

  • NEW YORK, April 25- A U.S. appeals court on Friday threw out a ruling that froze the assets of Turkey's Cukurova Holding AS, clearing the way for the company to try to buy back a controlling stake in Turkey's biggest mobile phone operator Turkcell.

  • UNITED NATIONS/ ABIDJAN, April 25- The U.N. Security Council is set to lift a nearly decade-long diamond embargo on Ivory Coast, diplomats said on Friday, despite U.N. experts reporting that ban has failed to stop the illicit production and trafficking of rough diamonds.

  • NEW YORK/ SYDNEY, April 25- For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians- whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States.

  • *U.S. says prepared to impose new sanctions on Russia. MOSCOW/ KIEV, April 25- The United States said on Friday it was prepared to impose further targeted sanctions on Russia over its actions in Ukraine and that European leaders had agreed to coordinate on steps to make Moscow pay.

  • April 25- Canada will not allow restaurants to hire more temporary foreign workers until the federal government completes a review of a program designed to allow employers to hire foreigners to fill jobs for which no qualified Canadians are available.

  • *Deal value of $750 mln includes tax attributes of $100 mln. April 25- Prestige Brands Holdings Inc, a marketer and distributor of healthcare and cleaning products, said it would buy Insight Pharmaceuticals Corp and seek further acquisitions to expand its range of feminine care products.

  • *Wall St down on Ukraine fears; weak results from Ford, Amazon. NEW YORK, April 25- Global equity markets dropped and the rouble and dollar fell on Friday, pulled down by worsening tensions between Ukraine and Russia, while yields on the 30- year U.S.

  • COLUMN-Real estate weakness drives China rebalancing Friday, 25 Apr 2014 | 12:00 PM ET

    April 25- China's economy is rebalancing. The costs for the rest of the world could be high, particularly in places like Brazil and Australia which have prospered by feeding China's formerly insatiable appetite for raw materials.

  • *Mylan offering 145 SEK/ share for Sweden's Meda- FT. STOCKHOLM, April 25- Share trading in Meda AB was suspended on Friday after a newspaper report U.S. rival Mylan Inc had launched an improved bid for the Swedish generic drugmaker, valuing it at more than $9 billion.

  • April 25- Bank of America Corp's former finance chief, Joe Price, has agreed to pay $7.5 million to settle a New York lawsuit that accused the bank and its former executives of misleading investors during the lender's acquisition of Merrill Lynch.

  • NEW YORK, April 25- Brent slipped below $110 a barrel on Friday as some investors took profit in the absence of any serious escalation in tensions between Ukraine and major oil producer Russia.

  • *Australian and New Zealand dollars both rise vs greenback. NEW YORK, April 25- Investors moved to the safety of the yen and Swiss franc on Friday, unnerved by escalating tensions between the West and Russia over Ukraine, and also took advantage of higher yielding Pacific currencies.

  • *Deutsche Bank pretax profit seen down 44 pct- poll. FRANKFURT, April 25- An industry-wide slump in revenue from bond trading is expected to help push down Deutsche Bank's pretax profit by 44 percent in the first quarter, adding fuel to talk Germany's largest lender will need to raise equity capital.

  • *S&P downgrades Russia credit rating. Treasury prices rose across the board on Friday, as investors sought the safety of government bonds after Russia unexpectedly raised interest rates hours after the S&P downgraded the country's credit rating.

  • April 25- Fire was still burning at Williams Companies Inc's natural gas processing plant in southwestern Wyoming on Friday, two days after an explosion disrupted supplies in the key Rockies hub. Pipelines that supply the Opal, Wyoming, facility and those that move processed natural gas and natural gas liquids away from the plant remained shut Friday.

  • *Honda expects 2014/ 15 net profit to rise just 3.6 pct. TOKYO, April 25- Japanese carmakers Honda Motor Co and Mazda Motor Corp are forecasting a sharp slowdown in profit growth as a fall in the yen that has boosted earnings in recent years comes to an end and some emerging market currencies weaken.