Latest Business News Wires - Business Headlines


  • TIRUVANNAMALAI, India, March 26- The politics of forming India's next government could come down to how many seats a 1960 s matinee siren can wrest from a rival named Stalin.

  • ATLANTA, March 25- A strengthening economy could push the U.S. Federal Reserve to raise interest rates by the second half of next year, a top Fed official said on Tuesday. "That still is my view," Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, told an investment conference.

  • Google slashes cloud computing prices Tuesday, 25 Mar 2014 | 4:48 PM ET

    Google slashed its cloud computing service prices on Tuesday, seeking to wrest customers from Amazon.com and Microsoft.

  • So-called momentum stocks were still down for the day but off their lows, including Netflix, down 2.1 percent at $370.84. Netflix has declined for 14 of the past 15 sessions, falling almost 19 percent over that stretch.

  • BOSTON, March 25- Weight loss and nutrition company Herbalife launched a website on Tuesday that details its business practices and counters claims made by billionaire investor William Ackman that it is running an illegal pyramid scheme.

  • WASHINGTON, March 25- The U.S. shale gas boom should be used to counteract Russian influence in Europe and on Ukraine, a key senator said on Tuesday, as lawmakers weighed changes to export policy to take into account a shifting geopolitical landscape.

  • NEW YORK, March 25- The dollar pared gains against a basket of major currencies on Tuesday but still ended slightly higher on the day, after traders played down strong U.S. consumer confidence data and the potential for the European Central Bank to ease further.

  • U.S. sanctions could stop U.S. power utilities from buying Russian-controlled uranium from Kazakhstan, where Uranium One owns mines, but such a move appears a remote possibility as it would hurt U.S. companies that need it, Ian Telfer, nonexecutive chairman of Uranium One, told Reuters in an interview.

  • NEW YORK, March 25- U.S. stocks closed higher on Tuesday, rebounding from a two-day decline as a strong read on consumer confidence increased optimism about the economy. The Dow Jones industrial average was up 91.19 points, or 0.56 percent, to end unofficially at 16,367.88.

  • NEW YORK, March 25- A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, joining a heated debate that could influence regulators that are implementing tough new rules for Wall Street.

  • The FAA's so-called airworthiness directive covers Boeing's 747-8 and 747-8 F planes with certain General Electric Co engines. Boeing's website said it had delivered 66 of the four-engine jets, the company's largest, to customers worldwide since the model was introduced in October 2011. The problem never caused a problem in flight, Boeing said.

  • WASHINGTON, March 25- The U.S. Defense Department is poised to approve the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July, when the new warplane is expected to take part in two international air shows near London, according to multiple sources familiar with the issue.

  • NEW YORK, March 25- U.S. stocks rose by late afternoon on Tuesday in a volatile session, rebounding from a two-day decline as a strong read on consumer confidence increased optimism about the economy. By about 3 p.m., the index was down only 0.2 percent after moving quickly in and out of positive territory.

  • Janet Yellen, in her first Federal Open Market Committee press conference since taking over as chair, surprised investors last week by suggesting that rates can be expected to rise six months after the taper is completed and QE is done.

  • *Carlyle picks up finance veteran as its profit rises. NEW YORK, March 25- Private equity firm Carlyle Group LP poached one of Jamie Dimon's closest aides, Michael Cavanagh, from JPMorgan Chase& Co on Tuesday, in a surprise hire that reflects both the increasing prominence of so-called shadow banking and the regulatory challenges faced by banks.

  • March 25- U.S. Senate Democratic leader Harry Reid said on Tuesday he had agreed to drop reforms to the International Monetary Fund from a Ukraine aid bill to increase its chances of getting through Congress. Reid cited stiff opposition to the IMF reform provisions in the Republican-led House of Representatives.

  • *Decision is a win for Obama administration and IRS. WASHINGTON, March 25- The U.S. Supreme Court ruled on Tuesday that taxes are due for Social Security and Medicare on severance packages paid to workers who are laid off involuntarily, overturning a lower court ruling that could have led to a wave of payroll tax refund requests from U.S. businesses.

  • *Treasury to sell $35 billion of five-year notes Wednesday. NEW YORK, March 25- Five-year U.S. That could bode badly for Wednesday's sale of $35 billion in five-year notes.

  • The Channel, which shut on Saturday due to an oil spill, has re-opened for all outbound ship traffic while the Intercoastal Waterway also has opened to eastbound traffic, but not westbound, the Coast Guard said around midday on Tuesday.

  • TORONTO, March 25- Canadian National Railway Co will phase out its fleet of 183 older tank rail cars used to transport diesel fuel over the next four years, as it works to improve safety following a string of industry accidents involving the puncture-prone cars.