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

Breaking Business News - 3 hours 44 min ago
OTTAWA/TOKYO (Reuters) - 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.






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

Breaking Business News - Sat, 07/12/2014 - 21:01
WASHINGTON (Reuters) - 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.

Former Detroit TV business editor dies of cancer

Talking Biz News - Sat, 07/12/2014 - 19:00
Former broadcast journalist Jennifer Moore, an award-winning business editor for WDIV-TV in Detroit, died Friday following a two-year battle with cancer. Oralander Brand-Williams of the Detroit News writes, “Moore, the business editor at WDIV-TV,...

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

Breaking Business News - Sat, 07/12/2014 - 18:14
WASHINGTON (Reuters) - 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

Breaking Business News - Sat, 07/12/2014 - 18:03
WASHINGTON (Reuters) - 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.

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

Breaking Business News - Sat, 07/12/2014 - 17:29
NEW YORK (Reuters) - 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.






Putin signs nuclear energy deal with Argentina

Breaking Business News - Sat, 07/12/2014 - 17:19
BUENOS AIRES (Reuters) - 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

Breaking Business News - Sat, 07/12/2014 - 16:37
LONDON (Reuters) - 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.






Fed officials debate timing of interest rate increases: WSJ

Breaking Business News - Sat, 07/12/2014 - 14:31
(Reuters) - 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.






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

Breaking Business News - Sat, 07/12/2014 - 13:35
BRASILIA (Reuters) - 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.

Acquisition talks show Reynolds' taste for menthol

Breaking Business News - Sat, 07/12/2014 - 10:51
NEW YORK (Reuters) - 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.






Aerospace jamboree on tenterhooks over F-35 fighter, Airbus jet revamp

Breaking Business News - Sat, 07/12/2014 - 10:50
LONDON (Reuters) - Suspense over the appearance of America’s newest combat jet, a diplomatic chill between the West and Russia and the re-launch of an Airbus jet with a surprise tweak in its name could make the Farnborough Airshow one of the least predictable for years.

Apple iPhone a danger to China national security: state media

Breaking Business News - Sat, 07/12/2014 - 10:19
BEIJING (Reuters) - Chinese state media branded Apple Inc's iPhone a threat to national security because of the smartphone's ability to track and time-stamp user locations.






U.S. cupcake chain Crumbs may reopen with new owners

Breaking Business News - Fri, 07/11/2014 - 22:41
(Reuters) - Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin' Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, according to a court document.

Argentines, bond holdouts emerge from NY meeting, no resolution

Breaking Business News - Fri, 07/11/2014 - 21:20
NEW YORK (Reuters) - Argentine officials and the holdout investors it has battled for years over its catastrophic 2002 default met separately with a court-appointed mediator on Friday, emerging after five hours of discussions without a resolution.






Tech earnings take center stage next week

Breaking Business News - Fri, 07/11/2014 - 20:22
NEW YORK (Reuters) - Earnings from some of the biggest U.S. technology companies will take center stage next week, giving investors a chance to re-evaluate the sector's health.

Disney, CBS queried by U.S. in Comcast merger: Bloomberg

Breaking Business News - Fri, 07/11/2014 - 20:10
(Reuters) - Walt Disney Co, Discovery Communications Inc and CBS Corp are being asked for information by U.S. antitrust officials probing Comcast Corp's proposed takeover of Time Warner Cable Inc, Bloomberg reported on Friday.






Fed fears risks posed by exit tools; plan almost done

Breaking Business News - Fri, 07/11/2014 - 19:43
JACKSON HOLE Wyoming (Reuters) - Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.






Exclusive: Mylan near multibillion-dollar deal for Abbott drug assets - sources

Breaking Business News - Fri, 07/11/2014 - 19:23
NEW YORK (Reuters) - U.S. generic drugmaker Mylan Inc is in advanced talks to acquire a multibillion-dollar portfolio of established products from Abbott Laboratories, people familiar with the matter said.

Argentines, bond holdouts seen emerging from NY meeting: witness

Breaking Business News - Fri, 07/11/2014 - 19:14
(Reuters) - Argentine officials and representatives for the holdout investors it has battled for years over its catastrophic 2002 default were seen emerging from the offices of a court-appointed mediator in New York on Friday, according to a Reuters witness.