Latest Business News Wires - Business Headlines


  • July 25- Shares of WellCare Health Plans Inc fell 22 percent on Friday, a day after the healthcare provider reported a surprise loss due to high costs for Medicaid plans in Florida and the company halved its forecast for full-year adjusted profit.

  • Fashion industry, retailers and the gender binary Monday, 28 Jul 2014 | 12:40 PM ET

    NEW YORK— As a transgender woman who began her transition about a year ago, Kylie Jack is still figuring out her fashion style, but she wanted one thing right away: well-fitting bras. Friends recommended Petticoat Fair in Austin, Texas, where she lives.

  • Carlyle nears $5 billion deal for Acosta -source Monday, 28 Jul 2014 | 12:37 PM ET

    NEW YORK, July 28- Carlyle Group LP is in advanced talks to acquire Acosta Sales and Marketing, in a deal that could value the consumer goods marketing agency at close to $5 billion including debt, a person familiar with the matter said on Monday.

  • July 28- Smith& Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas.

  • European shares tip lower on U.S. data, Russia risk Monday, 28 Jul 2014 | 12:33 PM ET

    *FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks edged lower on Monday, with unspectacular U.S. data and new European sanctions against Moscow offsetting strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser.

  • *Freeport expected to export 756,000 T copper concentrate. LONDON, July 28- Copper was steady on Monday as investors weighed increased supply from Indonesia against prospects for higher demand, while lead was near a 1-1/ 2 year high, tracking related metal zinc.

  • WASHINGTON, July 28- Slower growth in healthcare spending is shoring up the funding outlook for the federal Medicare program that covers the hospital bills of the elderly, trustees of the program said on Monday.

  • Medicare hospital fund to last 4 years longer Monday, 28 Jul 2014 | 12:16 PM ET

    WASHINGTON— Medicare's finances are looking brighter, the government said Monday. The trustees who oversee Social Security and Medicare issued their annual report Monday on the financial health of the government's two largest benefit programs. Medicare's Part B monthly premium for outpatient care is expected to remain unchanged for next year, at $104.90.

  • US stocks fall at midday on cooling home sales Monday, 28 Jul 2014 | 12:15 PM ET

    Homebuilder D.R. Horton fell 3 percent, making it one of the biggest decliners in the S&P 500.. Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store. Last month, Carl Icahn, who has built up a stake in the company, urged Family Dollar to sell itself.

  • Analysts, who were surprised by the decision, said the issues cited by the FDA were "rather mild" and expected Zalviso to eventually receive approval. The FDA in its complete response letter sought more data to ensure proper use of the device but did not ask for additional human clinical trials.

  • NH Liquor Commission reports record sales Monday, 28 Jul 2014 | 12:08 PM ET

    CONCORD, N.H.— New Hampshire's liquor sales in the past fiscal year were a record high $626 million. Liquor Commission Chairman Joseph Mollica says net profits of $148 million were transferred to the state's general fund.

  • NEW YORK, July 28- U.S. Treasuries yields rose Monday and the gap between yields on five-year notes and 30- year bonds slimmed to the least since 2009 ahead of a ream of data and events this week, including a Federal Reserve meeting and $93 billion of new supply.


  • WASHINGTON, July 28- Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, fell 1.1 percent to 102.7.

  • *Ruling comes amid turmoil in Ukraine and East-West rift. MOSCOW/ LONDON/ AMSTERDAM, July 28- The Hague's arbitration court ruled on Monday that Russia must pay a group.

  • Gas prices drop 4 cents in Rhode Island Monday, 28 Jul 2014 | 11:38 AM ET

    PROVIDENCE, R.I.— Gas prices in Rhode Island have fallen another 4 cents, but they're still a lot higher than the national average. AAA Southern New England says Monday the latest weekly price survey shows the average cost of a gallon of self-serve regular in the state is $3.64.

  • Red Lobster goes vertical on plate to push quality Monday, 28 Jul 2014 | 11:31 AM ET

    In his first interview as Red Lobster's new CEO, Kim Lopdrup outlined the missteps he thought his predecessors made and why he thinks Red Lobster can win back customers. And Darden's recent attempts to spark turnarounds at Red Lobster and Olive Garden haven't worked.

  • AP Top Extended Financial Headlines At 11:30 a.m. EDT Monday, 28 Jul 2014 | 11:30 AM ET

    US stocks head lower to start the week; European markets sink lower Lands of opportunity: Foreign markets fueling growth of US tech trendsetters, other companies Dollar Tree buying peer Family Dollar Stores for approximately $8.5 billion Zillow buying Trulia in $3.5 billion deal to create online real estate titan Pending sales of US homes fell 1.1 percent in June; pace remains slower than in 2013 US stock market opens mixed on Wall Street; Family Dollar and Trulia jump on merger news Tyson to sell Mexico, Brazil poultry operations for $575 million in cash Lloyds bank to pay $400 million to settle with US, British regulators over market rigging Healthy sales, cheap yen help push Nissan quarterly profit up with North America, China growth Virgin America files for initial public offering, size and timing still to be determined

  • *Court orders Moscow to pay $51 billion in Yukos case. MOSCOW, July 28- The rouble and Moscow stocks extended their losses on Monday after Russia said it would appeal against an international court ruling to pay $51 billion for expropriating assets of the now-defunct oil producer Yukos.

  • UN condemns terrorist oil sales from Iraq, Syria Monday, 28 Jul 2014 | 11:26 AM ET

    UNITED NATIONS— The U.N. Security Council strongly condemned any sale of oil from Syria or Iraq by terrorist groups and reminded all countries that buying this illegally obtained oil violates U.N. sanctions.