Business News Headlines

Japan says Pacific trade talks agree broadly on labor, health issues

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OTTAWA/TOKYO - Pacific trade talks have reached broad agreement on labor issues and sanitary and phytosanitary standards but some difficult aspects remain to be tackled, Japan’s chief negotiator said on Saturday.

Politics, Japan 12:30am EDT

Sat, Jul 12 2014

Swiss chocolate maker Lindt near deal to buy Russell Stover: report

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WASHINGTON - Swiss-based chocolate maker Lindt & Spruengli is in advanced discussions to acquire family-owned U.S. candy business Russell Stover, and the two companies could announce an agreement as early as next week, the Financial Times reported on Saturday.

12 Jul 2014

Harbinger sues U.S. government over wireless company LightSquared: report

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WASHINGTON - Phil Falcone's governmentPartners has filed suit against the U.S. government, accusing it of reneging on an agreement regarding bankrupt Harbinger-backed wireless company LightSquared LP, the Wall Street Journal reported.

Swiss chocolate maker Lindt near deal to buy Russell Stover: report

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WASHINGTON - Swiss-based chocolate maker Lindt & Spruengli is in advanced discussions to acquire family-owned U.S. candy business Russell Stover, and the two companies could announce an agreement as early as next week, the Financial Times reported on Saturday.

12 Jul 2014

Shire seeks AbbVie bid of close to 53 pounds per share: sources

NEW YORK - Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie Inc that would value the company at about 31 billion pounds ($53 billion), according to people familiar with the matter.

12 Jul 2014

Putin signs nuclear energy deal with Argentina

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BUENOS AIRES - Russian President Vladimir Putin signed a nuclear energy cooperation deal with Argentina on Saturday on a trip to bolster trade ties and strengthen Russia's influence in Latin America.

UK to demand job assurances in foreign takeovers: Sky News

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LONDON - Britain is to set out proposals to force foreign buyers of key UK companies to make binding commitments to secure jobs and research budgets, Sky News reported on Saturday.

12 Jul 2014

Fed officials debate timing of interest rate increases: WSJ

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- A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S. job market, the Wall Street Journal reported.

12 Jul 2014

Brazil's Embraer to sell 25 planes to China during Xi visit

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BRASILIA - Brazil will announce the sale of about 25 planes made by Embraer SA to Chinese airlines on Thursday during a visit by China's President Xi Jinping, a Brazilian official said.

12 Jul 2014

Acquisition talks show Reynolds' taste for menthol

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NEW YORK - The enduring popularity of menthol may be a big motivator behind Reynolds American Inc's interest in buying smaller rival Lorillard Inc , which has the best-selling U.S. cigarette brand with the additive.

12 Jul 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.