Clive McDonnell, Head of Equity Strategy at Standard Chartered Bank, says the Fed's primary focus remains on the U.S. economy.» Read More
KUALA LUMPUR/ PHU QUOC, Vietnam, March 12- The search for a missing Malaysia Airlines jetliner expanded on Wednesday to cover a swathe of Southeast Asia, from the South China Sea to India's territorial waters, with authorities no closer to explaining what happened to the plane or the 239 people on board.
CHICAGO-- Grain futures were mostly higher Tuesday on the Chicago Board of Trade. Wheat for May delivery rose 18.25 cents to $6.59 a bushel; May corn was 5 cents higher at 4.8325 a bushel; May oats rose 1.25 cents to $4.2450 a bushel; while May soybeans declined 5.75 cents to $14.13 a bushel.
MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..
KUALA LUMPUR, March 12- The search for a missing Malaysia Airlines jetliner expanded on Wednesday to cover an area stretching from China to the Andaman Sea, with authorities no closer to explaining what happened to the plane or the 239 people on board.
WASHINGTON, March 11- The chief executive officer of Japan's SoftBank Corp on Tuesday called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company's Sprint Corp could shake up the competition, but it would require a scale that Sprint cannot reach alone.
TORONTO, March 11- A new free trade agreement with South Korea will throw a wrench into Canada's auto sector recovery, union leaders and an automaker warned on Tuesday, highlighting the pressure on an industry already struggling with competition from Mexico.
*Air force chief denies saying plane tracked to Malacca Strait. KUALA LUMPUR, March 12- Malaysia's air force chief has denied saying military radar tracked a missing Malaysia Airlines jetliner over the Strait of Malacca, adding to the mystery surrounding the fate of flight MH370, which vanished on Saturday with 239 people aboard.
NEW YORK, March 11- The Pimco Total Return Fund, the world's largest bond fund, slashed its holdings of mortgages in February to the lowest level since at least late 2011 on bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Tuesday.
In a rare act of bipartisan unity, dozens of U.S. senators have wheeled into action against what they call an "absurd" European initiative that would force name changes to common cheese varieties produced in the United States.
WASHINGTON, March 11- Four U.S. oil refiners, trying to counter growing calls to lift the nation's ban on most crude oil exports, have launched the first major lobbying effort to keep abundant U.S. oil supplies from being sold overseas.
WASHINGTON, March 11 (Reuters)- The Obama administration said on Tuesday that 4.2 million people have signed up for private health insurance under Obamacare, and indicated that total enrollment could surpass a 6 million-enrollee forecast by the end of March.
-Anti-union Volkswagen workers will get a chance to defend the results of a mid-February union election that the United Auto Workers lost at a Chattanooga, Tennessee VW plant, the U.S.
Boca Raton, Fla., March 11- The U.S. derivatives regulator is studying whether it should regulate electronic currencies such as bitcoin, its chief said on Tuesday, as regulators across the globe start taking the emerging technology more seriously.
NEW YORK/ WASHINGTON/ DETROIT, March 11- Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, according to a source familiar with the investigation.
Autozone Inc. fell $1.65 or. 3 percent, to $539.98. Bed Bath& Beyond Inc. fell$. 17 or. 2 percent, to $69.29. Best Buy fell$. 27 or 1.0 percent, to $25.97.
Kroger fell$. 41 or. 9 percent, to $43.34. Safeway fell$. 23 or. 6 percent, to $38.65. Supervalu fell$. 10 or 1.5 percent, to $6.56.
Kelly Services Inc. class A fell$. 72 or 2.8 percent, to $25.17. Korn/Ferry International Inc. fell$. 77 or 2.6 percent, to $28.56. ManpowerGroup fell $1.64 or 2.1 percent, to $77.12.
NEW YORK-- Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 28 or. 9 percent, to $32.23. Verizon Communications Inc. fell$. 33 or. 7 percent, to $46.70.
American Electric Power Co. fell$. 51 or 1.0 percent, to $48.70. Consolidated Edison Inc. Holding Co. fell$. 36 or. 6 percent, to $55.12. Dominion Resources Inc. fell$. 30 or. 4 percent, to $68.05.
Aquasition Corp.: Approximately 250,300 shares changed hands, a 4,266.6 percent increase over its 65- day average volume. The shares rose$. 01 or. 1 percent to $10.23. The shares fell$. 04 or. 4 percent to $9.76.