Latest Business News Wires - Business Headlines


  • SYDNEY, Aug 26- The euro stayed on the back foot early on Tuesday, having extended its decline particularly against the Swiss franc overnight as markets toyed with the idea of another round of policy easing by the European Central Bank.

  • Michael Peck's call to close the Diablo Canyon Power Plant in San Luis Obispo County was in a report he made to the Nuclear Regulatory Commission in 2013, the AP reported on Monday, a day after a strong earthquake shook California's Napa Valley region.

  • Aug 25- A package of bills aimed at regulating drought-parched California's stressed groundwater supplies has come under fire from agricultural interests, injecting doubt into the measures' fates in the waning days of the state's legislative session this week.

  • Aug 25- Shares of Digital Ally Inc, a company that produces wearable cameras, rose as much as 80 percent to $14.25 on Monday as outrage over the fatal police shooting of an unarmed black teenager in Missouri fueled interest in the company's devices. Digital Ally shares closed about 57 percent higher at $12.50.

  • Disney seeks drone-related air show patents Monday, 25 Aug 2014 | 6:20 PM ET

    ORLANDO, Fla., Aug 25- Walt Disney Co has filed for three drone-related patents that it says could lead to an era of aerial movie screens and larger-than-life puppets flying through the sky.

  • Bankers and lawyers providing takeover advice said on Monday that Burger King Worldwide Inc's intention to move its tax domicile overseas through a so-called inversion deal- in this case the purchase of Canada's Tim Hortons- shouldn't be seen as a sign of a lot more deals to come.

  • Aug 25- Drug developer Kite Pharma Inc said its experimental cancer immunotherapy showed potential in treating patients with an aggressive form of blood cancer, in an early-stage study. In one arm of the study, funded by Kite and conducted by National Cancer Institute, 15 patients were given the therapy.

  • Aug 25- A group of global biotech crop companies won a court victory on Monday that blocks enactment of a law passed last year limiting the planting of biotech crops and use of pesticides on the Hawaiian island of Kauai.

  • BUZZ-: KITE PHARMA INC: LEAD CANCER DRUG SHOWS PROMISE IN. **Cancer drug developer's shares up 31.2 pct at $29.25 in extended trade. **Says its lead drug has potential to treat aggressive form of blood cancer.

  • NEW YORK, Aug 25- Communications equipment maker Comtech Telecommunications Corp said on Monday it is exploring strategic alternatives, including a possible merger or sale of the company, confirming a Reuters report earlier in the day.

  • TORONTO, Aug 25- Investors in Burger King Worldwide Inc and Tim Hortons Inc applauded news of a potential merger between the two fast food chains, seeing both tax savings and strategic rationale for a combination.

  • SAN FRANCISCO, Aug 25- A U.S. judge cast doubt on Monday over a proposed agreement struck between Hewlett-Packard Co and plaintiff shareholders to settle a lawsuit over the computing giant's botched acquisition of Autonomy Plc.

  • SAN FRANCISCO, Aug 25- Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, marking the largest deal in the U.S. e-commerce company's 20- year history. It reflects Chief Executive Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations.

  • Aug 25- Drug developer Kite Pharma Inc said its experimental cancer therapy showed potential in treating patients in an early-stage study. The company's lead drug, KTE-C19, is being developed to fight an aggressive form of blood cancer. Kite's shares were up 35.2 percent at $33.33 in extended trading.

  • TOKYO, Aug 26- Japan's government lobbied hard for a global pact that limits mercury use and to name the resulting treaty after Minamata, the site of a homegrown industrial disaster from the 1950 s when the toxic metal poured into a river, poisoning thousands.

  • The company counts funds affiliated with Sequoia Capital, Charles River Ventures and General Catalyst Partners among its stockholders. Marketing software company Yodle Inc, backed by investors such as Draper Fisher Jurvetson, Bessemer Venture Partners and Jafco Technology Partners, also filed for an IPO in July.

  • SAN FRANCISCO, Aug 25- Amazon.com Inc on Monday said it will buy live-streaming gaming network Twitch Interactive for about $970 million in cash, marking one of the U.S. e-commerce company's largest deals to date.

  • NEW YORK, Aug 25- The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by financials and biotechnology stocks.

  • Marketing software provider HubSpot files for IPO Monday, 25 Aug 2014 | 4:26 PM ET

    Aug 25- Marketing software provider HubSpot Inc filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock. The Cambridge, Massachusetts- based company listed Morgan Stanley, UBS and JP Morgan among the underwriters to the IPO.

  • Aug 25- Time Warner Inc's Turner cable division is preparing to offer buyouts targeting 500 to 600 staffers, or roughly 4 percent or its workforce, according to a person familiar with the company. During a quarterly earnings call on Aug. 6, Time Warner executives said the reorganization would likely be material in the second half of the year.