Latest Business News Wires - Business Headlines


  • WASHINGTON, April 11- U.S. producer prices recorded their largest increase in nine months in March as the cost of food and trade services surged, pointing to some pockets of inflation at the factory gate.

  • LONDON, April 11- Greek bond yields rose on Friday as investors booked profits on the rally that preceded Greece's return to debt markets, with even its sought-after new five-year bond succumbing to selling pressure. "The euphoria is fading after yesterday's deal," said Owen Callan, a senior analyst at Danske Bank.

  • NEW YORK, April 11- U.S. stocks added to losses on Friday, with the Nasdaq biotech index down more than 20 percent from a recent high as shares in the sector continued to get pummeled.

  • China's Alibaba to buy AutoNavi for $1.5 bln Friday, 11 Apr 2014 | 10:28 AM ET

    April 11- Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd for $1.5 billion. AutoNavi said the company's shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share.

  • LONDON, April 11- Taxes on wages rose across industrialised countries last year, as governments sought to reduce budget deficits blown out by efforts to tackle years of economic weakness following the financial crash.

  • BRUSSELS, April 11- Five European countries interested in buying eight to 10 military refuelling and transport planes have asked for information on products and pricing from Airbus and Boeing, a European defence official said on Friday.

  • BOSTON, April 11- The U.S. Government warned on Friday that hackers are attempting to exploit the' Heartbleed' bug in targeted attacks by scanning networks to see if they are vulnerable.

  • *Long-term structural problems in emerging markets remain. LONDON, April 11- Institutional investors are being selective in their return to emerging markets after a heavy sell-off, as there are too many pitfalls for a long-term portfolio to make a winning strategy out of simply buying cheap.

  • SOFTS-Coffee hits fresh two-year high, sugar eases Friday, 11 Apr 2014 | 10:17 AM ET

    *Cocoa has technical bounce after subdued grind data. LONDON, April 11- Arabica coffee futures on ICE hit a more than two-year high on Friday, underpinned by fears that a drought will cut top-grower Brazil's output. Cocoa futures rose in a technical correction after sinking on Thursday due to disappointing demand data.

  • WASHINGTON, April 11- Russian Finance Minister Anton Siluanov said on Friday any oil-for-goods deal between Moscow and Iran would follow United Nations rules on sanctions, not U.S. rules.

  • RIO DE JANEIRO/ SAO PAULO, April 11- Brazil's security regulator believes that Eike Batista engaged in insider trading, newspaper Valor Economico reported on Friday, the latest blow to the tycoon, a one-time billionaire at the center of the country's largest corporate meltdown.

  • April 11- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of one-time gains helped offset the continued slowdown in its home loan business.

  • No tax refund? Victims of fraud voice frustration Friday, 11 Apr 2014 | 10:13 AM ET

    Thieves have claimed billions of dollars in bogus tax refunds from the IRS by swiping the Social Security numbers and identities of ordinary people.

  • WASHINGTON, April 11- Greece is likely to need further financing help from the euro zone over the next two years despite its successful return to bond markets this week, the head of the International Monetary Find's European department, Reza Moghadam, said on Friday. "The financing needs for the next two years remain very large.

  • April 11- Shares of Zoe's Kitchen Inc rose as much as 73 percent in their market debut, valuing the casual dining restaurant chain at more than $475 million. Zoe's Kitchen raised about $87.5 million from the offering, after its initial public offering of 5.83 million shares was priced at the upper-end of the expected price range.

  • WASHINGTON, April 11- The International Monetary Fund is able to lend to Ukraine because the country's debt is sustainable, the head of the IMF's European department, Reza Moghadam, said on Friday. "Debt in Ukraine is sustainable," Reza Moghadam said in a news conference during the IMF and World Bank spring 2014 meetings.

  • U.S. consumer sentiment hits 9-month high in April Friday, 11 Apr 2014 | 10:00 AM ET

    NEW YORK, April 11- U.S. consumer sentiment rose in April to its highest in nine months as both current conditions and expectations brightened, a survey released on Friday showed.

  • FOREX-Dollar edges higher on equities gloom Friday, 11 Apr 2014 | 9:51 AM ET

    NEW YORK, April 11- The safe-haven U.S. dollar rose on Friday, benefiting from a sell-off in equities around the world, as investors fretted about what seemed like overstretched valuations. Global equities fell to two-week lows, triggered by selling on Wall Street on Thursday.

  • BOSTON, April 11- The U.S. Government warned on Friday that hackers are attempting to exploit the' heartbleed' bug in targeted attacks by scanning networks to see if they are vulnerable.

  • *Fed to buy $2.0- $2.5 billion notes due in 2021-2024. NEW YORK, April 11- U.S. "This equity market meltdown has brought a' fear' bid into bonds," said Larry Milstein, head of government and agency trading at R.W. Pressprich& Co. in New York.