Latest Business News Wires - Business Headlines


  • Telecom Italia board set for showdown with shareholders Thursday, 19 Dec 2013 | 2:00 PM ET

    MILAN, Dec 19- Telecom Italia's shareholders meet on Friday to decide whether to oust the entire board in an attempt by dissident investors to weaken the increasingly powerful influence of rival Spanish group Telefonica.

  • WASHINGTON, Dec 19- The drug company AstraZeneca PLC lost a bid on Thursday to defend its widely used heartburn drug Nexium when an appeals court ruled that a new drug from Hanmi Pharmaceuticals did not infringe on Nexium patents.

  • FACTBOX-Brazil's Campos on economy, trade and taxes Thursday, 19 Dec 2013 | 1:53 PM ET

    That's lower than the 3.1 percent level that Brazil has pursued in recent years, but Campos said the key is to have a realistic goal "without artificial measures." The entire world is making bilateral trade deals except for Brazil. "

  • RECIFE/ BRASILIA, Dec 19- To some Brazilians, especially in the business world, Eduardo Campos has all the traits of a perfect president. Leftist enough to appeal to Brazil's poor masses, but eager to please big business and convinced of the merits of free trade.

  • WASHINGTON, Dec 19- The World Bank took a bold stance on fighting corruption on Thursday, with President Jim Yong Kim saying that corruption at both the public and private level is the scourge of the developing world.

  • WASHINGTON, Dec 19- U.S. home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a wrinkle in an otherwise brightening economic picture.

  • BRUSSELS, Dec 19- European Central Bank President Mario Draghi endorsed a hard-fought EU agreement on how to close failing banks on Thursday, even as an array of critics branded the plan overcomplicated and underfunded.

  • The combined company will own about 56,000 apartment units in 239 properties in southern and northern California and Seattle. Southern California offers an opportunity for real estate companies as a slowdown is expected in northern California and Seattle, he said.

  • WASHINGTON, Dec 19- U.S. officials on Thursday ordered the largest nonbank mortgage servicer to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct that led to thousands of people losing their homes.

  • *Confindustria sees risk to social cohesion as crisis bites. ROME, Dec 19- Italy's main business lobby group warned on Thursday that the risk of social breakdown was growing, despite signs that Italy's two-year recession was coming to an end.

  • France expands Internet, phone monitoring powers Thursday, 19 Dec 2013 | 1:18 PM ET

    PARIS, Dec 19- France expanded the government's powers to monitor phone and Internet connection data without judicial review as a last-minute opposition attempt to block the move failed to gather support.

  • Dec 19- U.S. power company Entergy Corp on Thursday completed the integration of its Gulf Coast service area into the power grid that operates the Midwest power system, relinquishing control after a decade-long struggle with regulators and independent power companies.

  • *Vietnam robusta beans sold at discount to London futures. NEW YORK/ LONDON, Dec 19- ICE raw sugar jumped on Thursday, recovering from the previous day's 3-1/ 2 year low as a technically oversold condition drove buying, and Liffe robusta coffee fell on expectations of renewed supply movement in top grower Vietnam.

  • NEW YORK, Dec 19- When shareholder activist Carl Icahn turned up the heat on Apple in October, demanding a massive $150 billion share buyback, bond investor Bill Gross wasn't having any of it.

  • WASHINGTON, Dec 19- The U.S. Consumer Financial Protection Bureau and state officials on Thursday ordered Ocwen Financial Corp to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct in mortgage servicing.

  • *Gold stumbles to 6- month low on less Fed stimulus. Gold slid to a six-month low, extending months of weakness after the U.S. central bank finally took its first step to roll back its ultra-loose policy that has lifted the value of the precious metal to record territory in recent years.

  • SAO PAULO, Dec 19- Brazil's biggest flour milling group, Moinho Pacifico, said an Argentine trader that supplies wheat informed the mill on Thursday it will not be able to meet its delivery contract for January.

  • NEW YORK, Dec 19- A U.S. judge has dismissed Deutsche Bank AG as a defendant in one of two long-running cases accusing issuers and banks of deceiving investors about the risks of billions of dollars of residential mortgage-backed securities that soured during the financial crisis.

  • *FTSEurofirst 300 up 1.8 pct, Euro STOXX 50 up 1.9 pct. LONDON, Dec 19- European shares posted their biggest one-day gain in three months on Thursday after the U.S. "As the Fed announced the taper, it also pushed out expectations for when it is going to lift the policy rate," said Daniel McCormack, strategist at Macquarie.

  • *Facebook to offer 70 mln shares, stock drops. *Target cyber breach hits 40 mln payment cards; stock falls.

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