Latest Business News Wires - Business Headlines


  • March 10- American Airlines Group Inc and JetBlue Airways Corp plan to end their interline traffic agreement and reciprocal frequent flyer program accrual agreement. American Airlines said from Monday, each airline would no longer accept new interline sales for travel on the other carrier.

  • March 10- Alexion Pharmaceuticals Inc revised its profit and sales outlook for the year after the French government agreed to raise reimbursement payments for the company's lead drug, Soliris. The drugmaker raised its full-year adjusted earnings forecast to $4.37- $4.47 per share from its previous estimate of $3.70- $3.80 per share.

  • *China swings to trade deficit in February, exports tumble. *China copper imports fall 30 pct in Feb vs Jan. LONDON, March 10- London copper hit an eight-month low on Monday and Shanghai contracts dropped by the 5 percent daily limit, fanned by fears over the unwinding of copper finance deals in China after its first domestic bond default last week.

  • NII Holdings says to explore strategic alternatives Monday, 10 Mar 2014 | 7:03 AM ET

    March 10- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it was exploring strategic alternatives for the company and its business units.

  • INDIANAPOLIS, March 10- Dan Kittle has spent more than a decade waiting for this day.

  • *Copper, oil hit by China, stronger US jobs knocks gold. LONDON, March 10- World stocks paused near a six-year peak and commodities from copper to crude tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.

  • SOFIA, March 10- Bulgaria hasn't stopped preliminary work on the Russian-led South Stream gas pipeline project, its prime minister said on Monday, but added Sofia was "closely monitoring" relations between Brussels and Moscow over the turmoil in Ukraine.

  • TRIPOLI, March 10- A North Korean-flagged tanker has finished loading crude at the Libyan rebel-controlled port of Es Sider but has not yet left the terminal, Libyan oil officials said on Monday.

  • DUBLIN, March 10- The European Central Bank's stance how bad loans are defined will be one of the biggest revelations in an announcement on Tuesday on how it will test the balance sheets of the euro zone's largest banks, three sources with knowledge of the tests told Reuters.

  • *Hochtief seeks more directors, business structure review. SYDNEY, March 10- German builder Hochtief AG plans to spend over $1 billion to lift its majority stake in Australia's Leighton Holdings Ltd, seeking to push through restructuring at a business that already delivers most of Hochtief's profit.

  • *Market dominated by Toyota vehicles. Yet by 8 a.m. on a recent Friday, Hadebe and his rattling Toyota had already overcome rain, traffic and an ever-rising petrol price to ferry nearly 40 commuters from South Africa's black township of Soweto to nearby Johannesburg.

  • LONDON, March 10- Oil slipped below $108 a barrel on Monday as an unexpected fall in China's exports stoked fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the decline.

  • New bank loans totalled 644.5 billion yuan in February, the People's Bank of China said, down from 1.3 trillion yuan in January and below market forecasts of 716 billion yuan. "They stabilised monetary policy and this is having an effect on demand for loans," said Tim Condon, head of Asia research for ING Financial Markets in Singapore.

  • Weekend data showed China's exports unexpectedly tumbled in February, with a near-20 percent year-on-year dip swinging the trade balance into deficit.

  • MANILA, March 10- Overall rice stocks in the Philippines fell to their lowest in four months in February, data showed on Monday, increasing pressure on Manila to import more of the national staple.

  • SEOUL, March 10- Samsung Electronics Co's Galaxy S5 smartphone could get off to a slow start in South Korea as the flagship's launch next month will coincide with a 45- day ban on local carriers selling phones, analysts said.

  • LONDON, March 7- Reuters is running a series of stories about women in finance as part of its coverage of International Women's Day on March 8. *Just one in seven delegates attending the annual World Economic Forum this year was a woman, according to Grant Thornton's report.

  • KUALA LUMPUR/ PHU QUOC ISLAND, Vietnam, March 10- T he disappearance of a Malaysian jetliner is an "unprecedented aviation mystery", a senior official said on Monday, with a massive air and sea search now in its third day failing to find any confirmed trace of the plane or the 239 people aboard.

  • BEIJING, March 10- Chinese research funding into genetically-modified organisms has fallen by 80 percent over the last four years, a member of a parliamentary advisory body said, as Beijing faces public unease over a technology it has been promoting to boost food security.

  • Europe shares inch higher; miners resume selloff Monday, 10 Mar 2014 | 5:04 AM ET

    French telecom shares sharply rallied, with Iliad up 13.6 percent, Bouygues up 7.1 percent and Orange up 4 percent, after Bouygues's telecom unit agreed to sell its mobile network and much of its spectrum to Iliad as a way to head off competition regulators' concerns about its pending bid for Vivendi's SFR unit.