Latest Business News Wires - Business Headlines


  • NEW YORK, Sept 23- U.S.-listed shares of Tekmira Pharmaceuticals were climbing on Tuesday, up 8.9 percent at $25.70 as one of the most actively trades Nasdaq stocks as its Ebola drug will be one of several to be tested in West Africa in a bid to win fast-track trials.

  • KIEV, Sept 23- The European Commission will propose that Russia and Ukraine sign an interim gas agreement in Berlin as a step towards resolving their long-standing row over gas prices, Energy Commissioner Guenther Oettinger said on Tuesday.

  • *138,000 Syrian Kurds crossed into Turkey in past week. GENEVA, Sept 23- The United Nations refugee agency said on Tuesday it was making contingency plans in case all 400,000 inhabitants of the Syrian Kurdish town of Kobani fled into Turkey to escape advancing Islamic State militants.

  • *U.S. attacks IS targets in Syria. LONDON, Sept 23- Gold rose 1.5 percent on Tuesday as the dollar eased after comments from a New York Federal Reserve's official that any increase in interest rates should be done cautiously, while U.S. air strikes added to global tension and hence safe-asset demand.

  • Sept 23- Consumer products company Spectrum Brands Holdings Inc said it would buy Procter& Gamble Co's European pet food business, which includes the Iams and Eukanuba dog and cat food brands. The financial terms of the transaction were not disclosed. P&G sold 90 percent of its pet food business to Mars Inc in April, but that excluded Europe.

  • European shares drop on disappointing economic data Tuesday, 23 Sep 2014 | 7:53 AM ET

    *Raiffeisen Bank sinks after warning on Ukraine, Hungary. Shares in Austria's Raiffeisen Bank International, down 12 percent, were the biggest faller in the FTSEurofirst 300 index, after the lender said hits from Ukraine and Hungary will probably push it to its first-ever annual loss this year.

  • LONDON, Sept 23- It's now a full eight months since Indonesia turned off the supply of nickel ore to China's giant nickel pig iron sector. China's trade figures for August showed imports of just 39,000 tonnes, very much in line with the previous three months.

  • CarMax revenue rises 11 pct as used car sales increase Tuesday, 23 Sep 2014 | 7:49 AM ET

    Sept 23- CarMax Inc, the largest U.S. used car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales. Net income rose to $154.5 million, or 70 cents per share, from $140.3 million, or 62 cents per share, a year earlier.

  • NEW YORK, Sept 23- U.S. stock index futures were moving lower on Tuesday, putting the S&P on track for a third straight decline, as conflict in the Middle East intensified and after the U.S.

  • *May deter Pfizer from returning to bid for AstraZeneca. LONDON, Sept 23- Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. The move could jeopardize an agreed deal for AbbVie to buy Shire for $55 billion and deter Pfizer from making another attempt to acquire AstraZeneca, after a $118 billion takeover attempt failed in May.

  • Sept 23- OM Asset Management Ltd, a unit of Anglo-South African financial group Old Mutual Plc, is expected to raise about $374 million in its initial public offering.

  • *Israel shoots down Syrian warplane over Golan Heights. LONDON, Sept 23- Brent crude rose above $97 a barrel on Tuesday as the United States and several Gulf Arab allies launched strikes against Islamic State strongholds in Syria, and as a surprise pick-up in China's factory activity boosted the demand outlook.

  • *Aussie firmer as HSBC flash China PMI tops forecasts. LONDON, Sept 23- The euro pulled away from a 14- month trough against the dollar on Tuesday, earning some relief from a business survey showing Germany's economy probably expanded in the third quarter.

  • JOHANNESBURG, Sept 23- South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.

  • Federal Reserve's decision to end its asset-purchase program could create "liquidity risks" for Hong Kong banks. The Hong Kong dollar is pegged to the U.S. dollar, so Hong Kong's domestic interest rates should rise in line with American ones.

  • TOBRUK/ LONDON, Sept 23- Food prices have risen in Libya as payments problems, fighting and a breakdown in authority disrupt the usual import routes as the country spins out of control three years after the ousting of Muammar Gaddafi.

  • NEW YORK, Sept 23- Mohamed El-Erian expected to go quietly. The one-time heir apparent to Pimco investment chief Bill Gross had no idea leaving the firm would create a fire storm, and he gave no real consideration to staying on and working less.

  • LONDON, Sept 23- British bank Barclays was fined 38 million pounds on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept.

  • *Restructuring charges of 50 million euros through 2016. AMSTERDAM, Sept 23- Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.

  • KIEV, Sept 23- The European Commission will suggest that Russia and Ukraine sign an interim gas agreement in Berlin later this week, a way to start resolving a standoff over gas prices, Energy Commissioner Guenther Oettinger said on Tuesday.