Latest Business News Wires - Business Headlines


  • WASHINGTON, July 23- The United States on Wednesday honored six development projects for helping some of the world's most politically fragile countries or poorest people, including a railway in Afghanistan and basic health and water services in Yemen.

  • 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.

  • July 23- PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. PepsiCo raised its full-year earnings per share growth forecast to 8 percent from 7 percent.

  • NEW YORK, July 23- Lauren Greutman felt sick. She and her husband Mark were about $40,000 in debt, and were having trouble paying their monthly bills. As recent homebuyers, the couple from Syracuse, New York, were already underwater on the mortgage and getting by on one income as Lauren focused on being a stay-at-home mom.

  • July 23- Data storage products maker EMC Corp, under pressure from activist investor Elliott Management to boost shareholder returns, on Wednesday accelerated its share buyback plan and raised its current-year profit forecast.


  • BEIJING, July 23- Beijing has closed the first of four large coal-fired power plants set to be decommissioned as part of the city's efforts to cut air pollution, official news agency Xinhua reported on Wednesday, citing the local planning agency. Xinhua said the authorities had shut down the Gaojing Thermal Power Plant's six 100 megawatt generating units.

  • UPDATE 1-Canada's BCE to take unit Bell Aliant private Wednesday, 23 Jul 2014 | 7:47 AM ET

    July 23- BCE Inc, Canada's largest telecommunications company, said it would take Bell Aliant Inc private by buying the stake it does not already own in the company for about C $3.95 billion.

  • Delta Air quarterly profit rises, aided by U.S. demand Wednesday, 23 Jul 2014 | 7:47 AM ET

    July 23- Delta Air Lines on Wednesday posted a higher quarterly profit as it flew fuller planes and had revenue increases in the United States and Europe. Second quarter net income came to $801 million, or 94 cents a share, compared with $685 million, or 80 cents a share, a year earlier. Revenue rose 9 percent to $10.6 billion.

  • GLASGOW, Scotland, July 23- The Bank of England is weighing up conflicting signals from Britain's labour market as it prepares to start raising interest rates from their record low, BoE Governor Mark Carney said on Wednesday.

  • Boeing profit gets boost from increased deliveries Wednesday, 23 Jul 2014 | 7:39 AM ET

    July 23- Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries. The company's net income rose to $1.65 billion, or $2.24 per share, in the second quarter ended June 30, from $1.09 billion, or $1.41 per share, a year earlier.

  • TURIN, Italy, July 23- Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen, saying the idea had never been on the agenda. A German magazine earlier this month reported Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group.


  • MOSCOW, July 23- A group of shareholders in Yukos expect a ruling on Monday in a $100- billion claim against Moscow for expropriating the defunct Russian oil company that was controlled by Mikhail Khodorkovsky, once Russia's richest man, the GML shareholder group fighting the action said.

  • July 23- Biogen Idec Inc reported sharply higher-than-expected quarterly revenue on surging sales of its new Tecfidera treatment for multiple sclerosis, and the company raised its full-year profit forecast. U.S. sales of $585 million blew past Wall Street expectations in the $485 million range.

  • Starbucks seeks to expand in cafe-clogged Vietnam Wednesday, 23 Jul 2014 | 7:25 AM ET

    This week, U.S. coffee chain Starbucks is opening three of them. Vietnam's entrenched coffee culture means Starbucks is delving deeper into what could be one of its most challenging markets yet.

  • MOSCOW, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of threats by Russian gas producer Gazprom. This is linked to certain actions by Gazprom, "Prodan told reporters, adding Ukraine first saw the decrease two weeks ago.

  • Canada's BCE to take Bell Aliant private Wednesday, 23 Jul 2014 | 7:21 AM ET

    July 23- BCE Inc, Canada's largest telecommunications company, said it would take Bell Aliant Inc private by buying the stake it does not already own in the company. BCE already controls 44 percent of Bell Aliant, which offers telecom services in eastern Canada, and has valued the remaining stake at about C $3.95 billion.

  • General Dynamics profit falls 15.5 pct on charge Wednesday, 23 Jul 2014 | 7:16 AM ET

    July 23- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a 15.5 percent fall in quarterly income as it took a charge of $105 million related to the sale of a business. The company's net income fell to $541 million, or $1.58 per share, in the second quarter ended June 29, from $640 million, or $1.81 per share, a year earlier.

  • LONDON, July 23- GlaxoSmithKline cut its 2014 outlook after sales fell by a worse-than-expected 13 percent in the second quarter as its all-important lung drugs struggled in the United States and a strong pound took a bite out of growth.