Latest Business News Wires - Business Headlines


  • EPA chief in hot seat as lawmakers dissect carbon rule Wednesday, 23 Jul 2014 | 7:00 AM ET

    The hearing takes place a week before the EPA holds a series of public meetings on its carbon plan in Denver, Pittsburgh, Washington and Atlanta. The group also telegraphed potential legal action, arguing the EPA had overstepped the bounds of the Clean Air Act to draft its complex rule.

  • BERLIN, July 23- For lawmaker Jan van Aken, little symbolizes more potently all that he finds indefensible about Germany's arms exports than the German and French-made anti-tank missile that he was shown in northern Syria. From its serial number, he believes the 1970 s MILAN rocket was sold legitimately by France to then Syrian leader Hafez al-Assad.

  • July 23- Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The world's largest maker of home appliances posted a second-quarter profit of $179 million, or $2.25 a share, down from $198 million, or $2.44 a share, a year earlier.

  • *Gold steady after overnight losses but holds above $1,300. *Tensions over Ukraine, Gaza strip give support. LONDON, July 23- Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East, but under pressure from buoyancy in stock markets after positive U.S. data and corporate earnings.

  • Daimler, Akzo Nobel prop up European equities Wednesday, 23 Jul 2014 | 6:32 AM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Forecast-beating earnings from carmaker Daimler and chemicals group Akzo Nobel lifted European shares on Wednesday, offsetting concerns about a ramping up of sanctions against Russia over the Ukraine crisis.

  • Industrial gas producer Air Products' profit rises 9 pct Wednesday, 23 Jul 2014 | 6:14 AM ET

    July 23- Industrial gas producer Air Products and Chemicals Inc reported a 9 percent rise in quarterly profit, driven by higher sales by its merchant gases, and electronics and performance materials divisions. The company's net profit rose to $314 million, or $1.46 per share, in the third quarter ended June 30 from $288.4 million, or $1.36 per share, a year earlier.

  • Industrial gas supplier Praxair's profit rises 5 pct Wednesday, 23 Jul 2014 | 6:12 AM ET

    July 23- Industrial gas supplier Praxair Inc reported a 5 percent rise in quarterly profit, buoyed by increased prices and higher sales to the energy, chemicals and manufacturing industries. Net income rose to $467 million, $1.58 per share, in the second quarter ended June 30, from $445 million, or $1.49 per share, a year earlier.

  • LONDON, July 23- Emerging equities hit new 17- month highs on Wednesday, buoyed by strong post-election gains in Indonesia and a rise in Russian stocks after a conciliatory tone from the Kremlin over the downed Malaysian Airlines jet.

  • PARIS, July 23- European chipmaker STMicroelectronics forecast revenue growth of about 3 percent in the third quarter, disappointing some analysts who expected a bigger lift from strong global demand for semiconductors. Global spending on semiconductors is expected to rise 6.7 percent this year to $336 billion, according to market researcher Gartner.

  • July 23- Thermo Fisher Scientific Inc, the world's largest maker of scientific instruments, reported a higher-than-expected second-quarter profit in its first full quarterly results to include its acquisition of genetic testing company Life Technologies Corp..

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • *Chinese firm said to now have enough cash to pay off $64.5 mln bond. SHANGHAI, July 23- A troubled Chinese construction company avoided a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond, people directly involved in the matter told Reuters.

  • LONDON, July 23- Sterling may have some room to fall versus the Swiss franc if fear of tougher sanctions sees Russian investors shift cash from Britain to Switzerland.

  • *Deutsche Bank to come under closer Fed scrutiny from 2016. FRANKFURT, July 23- The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters.

  • BEIJING, July 23- A growing number of Chinese cities are relaxing property controls to support a cooling house market and safeguard economic growth.

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • Global derivatives body ISDA names O'Malia as CEO Wednesday, 23 Jul 2014 | 4:47 AM ET

    HONG KONG, July 23- Global derivatives trade group, the International Swaps and Derivatives Association, said on Wednesday it had appointed leading U.S. regulator Scott O'Malia as its chief executive.

  • SINGAPORE/ KUALA LUMPUR, July 23- Singapore's civil aviation authority has asked airlines based in the city-state to review their risk assessment of conflict zones following the shooting down of a Malaysia Airlines jetliner over Ukraine last week.

  • However, the prospect of more sanctions against Russia over the Ukraine crisis and a downed Malaysian airliner kept risk aversion on the table in the bond market, where German 10- year yields nudged down to 1.16 percent, just shy of record lows.