News Archive - 4 August 2015

>SAO PAULO Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.Much of the public focus on the move...

>The 100-year-old retailer – backed by Canadian Pension Plan Investment Board (CPPIB) and Ares Management LP (ARES.N) – sells apparel, handbags, shoes, cosmetics and designer jewelry.Dallas-based Neiman Marcus operates 41 department stores bearing its name, the famed Bergdorf Goodman store on Manhattan's Fifth Avenue and the Last Call...

>"The approval is conditional on Pfizer divesting certain sterile injectable drugs, as well as its infliximab biosimilar drug, which is currently under development," the European Commission said.The deal will boost Pfizer's portfolio of generic injectable drugs and copies of biotech medicines. (This story removes incorrect reference to deal being...

>WASHINGTON The Republican-led U.S. House of Representatives will vote on whether to reject the nuclear agreement between world powers and Iran when lawmakers return to Washington in September, party leaders said on Tuesday, setting up a showdown with the White House."This deal gives up too much, too fast,...

>WASHINGTON Senior U.S. lawmakers expressed concern on Tuesday about whether the State Department’s annual global report on human trafficking may have been watered down due to political considerations and vowed to demand a full accounting at a Senate hearing this week.Human rights groups called for an investigation into...

>WASHINGTON Republican Governors Chris Christie and John Kasich on Tuesday won the last spots on stage next to front-runner Donald Trump and seven other candidates in the first prime-time presidential debate, gaining a potential head start in credibility and exposure.Former Texas Governor Rick Perry, former U.S. Senator Rick...

>NEW YORK SoftBank Group Corp, the majority owner of Sprint Corp, said on Tuesday it will set up two financing vehicles to help the struggling U.S. wireless carrier reverse its fortunes, but a long road to recovery lies ahead.In a surprise appearance on Sprint's earnings call, SoftBank Chief...

>Harman International Industries Inc, which supplies car infotainment systems to Fiat Chrysler Automobiles NV and many other manufacturers, said the hacking risk that led to the recall of 1.4 million Chrysler vehicles last month seemed to be restricted to the Italian-American automaker."We do not believe this problem exists...

>NEW YORK Has the "curse of the Dow" finally caught up with Apple? Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of $113.25 on Tuesday.The recent declines have wiped out nearly $100 billion...

>Clashes took place across the southern province of Lahj, most of which is now back in the hands of the Saudi-backed loyalist forces.Militias siding with President Abd-Rabbu Mansour Hadi, who fled Yemen for Saudi Arabia in March, and army units trained and equipped by Gulf Arab countries have made...

>Iran and Russia have stood by Syrian President Bashar al-Assad, providing military and financial support during more than four years of the conflict. The United States and some of its Gulf Arab allies have said Assad must leave office.World powers led by the United States reached a nuclear agreement...

>The U.S.-made UH-60 Black Hawk may have crashed because of bad weather or a mechanical failure while taking part in a counter-narcotics operation in the department of Antioquia some 450 km northeast (280 miles) of the capital, Bogota. The incident is under investigation, he said."For now the...

>The report, published on Tuesday, comes after Beijing launched a major diplomatic push for the yuan's inclusion in the IMF basket as part of its long-term strategic goal of reducing dependence on the dollar.The report said the implementation of any formal decision to add the yuan to a basket...

>NEW YORK The U.S. dollar rose on Tuesday, while stocks and Treasuries prices fell after comments from a top Federal Reserve official brought forward market expectations of an interest rate increase.Oil prices edged higher despite the stronger greenback, bouncing back from Monday's rout.The dollar rose sharply against...

>WASHINGTON New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.The Commerce Department said on Tuesday new orders for manufactured goods increased 1.8 percent after declining 1.1 percent in...

>ATHENS Both Greece and its lenders said on Tuesday they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness.A bailout worth up to 86 billion euros ($94.5 billion) must be settled...

>LONDON Drugmaker Shire (SHP.L) said on Tuesday it was seeking to buy Baxalta (BXLT.N), a company spun-off by Baxter International (BAX.N) last month, for $30 billion to forge the leading global specialist in rare diseases.The London-listed group went public with its approach after the U.S.

>Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.The iPhone maker's shares fell 3.21 percent to $114.64, firmly below their 200-day daily moving average, a key...