Latest Business News Wires - Business Headlines


  • OTTAWA/ WINNIPEG, March 28- The Canadian government will remove the 25- percent foreign investment cap on medical isotope provider Nordion Inc in cases that are deemed to be of net benefit to Canada, under legislation introduced on Friday. Nordion shares were down slightly in Toronto and New York in late Friday trading.

  • NEW YORK, March 28- U.S. stocks ended up on Friday but off their session highs as a late afternoon selloff in the biotechnology sector weighed on the overall market. The Dow Jones industrial average rose 58.83 points, or 0.36 percent, to end at 16,323.06. The S&P 500 gained 8.58 points, or 0.46 percent, to finish at 1,857.60.

  • Top Texas energy company on verge of bankruptcy Friday, 28 Mar 2014 | 3:57 PM ET

    March 28- Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.

  • COSTA DO SAUIPE, Brazil, March 28- Brazil is looking at the euro zone and Japan to open new financing options for companies that are expected to invest in the country's infrastructure sector, Treasury undersecretary Paulo Valle said on Friday.

  • *Wheat rises in fourth straight weekly gain on dry weather Corn up for ninth week in 10; soybeans gain second week. Corn and soybeans were nearly unchanged in subdued trading in the run-up to the spring planting and quarterly stocks estimates from the U.S. Department of Agriculture, a data release that often generates sharp price movements.

  • NEW YORK, March 28- Mystical ice creatures, fire-breathing dragons, and the people caught in between return to the small screen come April 6, when HBO's "Game of Thrones" unsheathes a fourth season that could see it crowned as the cable network's most watched series in history.

  • DEARBORN, Mich., March 28- Ford Motor Co Chief Executive Alan Mulally got a healthy raise in 2013 as his total compensation jumped 10.7 percent to $23.2 million, based in part on bonuses related to his performance as well as that of the company, the automaker said on Friday.

  • NEW YORK, March 28- Brent crude oil rose for a fourth straight session on Friday, notching its first weekly gain since February, on promising U.S. economic data and concern that possible Western sanctions on Russia's energy sector could disrupt global supplies.

  • KANSAS CITY, Mo., March 28- A top Federal Reserve official who has often warned of the risks of keeping U.S. interest rates too low for too long said on Friday she wants to see how winding down the Fed's massive bond-buying stimulus goes before setting out any path for rate hikes.

  • WASHINGTON, March 28- The White House said on Friday it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry, part of President Barack Obama's plan to address climate change.

  • PwC is sued for $1 bln over MF Global collapse Friday, 28 Mar 2014 | 3:24 PM ET

    March 28- The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued PricewaterhouseCoopers for at least $1 billion, accusing the auditor of professional malpractice in connection with the brokerage's investment in European sovereign debt.

  • *Momentum stocks still in focus; Netflix falls. NEW YORK, March 28- U.S. stocks sharply pared gains by late Friday afternoon on Friday, with the Nasdaq briefly turning negative, led by a decline in the biotechnology sector. Gilead Science shares were off 3.3 percent at $69.03 and Biogen Idec shares were down 4.1 percent at $297.

  • *Gold marks 3 pct weekly decline. NEW YORK/ LONDON, March 28- Gold turned higher after touching six-week lows under $1,300 an ounce on Friday, but marked its second straight weekly decline as an improving U.S. economic outlook lifted the dollar and bolstered appetite for risk.

  • LONDON, Mar 28- British fraud prosecutors began criminal proceedings against three former brokers from ICAP, the world's top interdealer broker, as the UK side of a global investigation into alleged rigging of crucial benchmark interest rates cranked up.

  • WASHINGTON, March 28- The European Union is seeking to insulate its probe of Russia's gas export monopoly, Gazprom, which is suspected of anti-competitive behavior, from larger concerns about Russia's seizure of Ukraine's Crimean peninsula, Europe's top antitrust enforcer said on Friday.

  • SUNBURY, Pa., March 28- A judge on Friday loosened an injunction restricting the movements of a Pennsylvania anti-fracking activist to allow her access to her local hospital, grocery and other places declared off-limits because they sat atop land leased for gas extraction.

  • WASHINGTON, March 28- The White House said on Friday it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry, part of President Barack Obama's plan to address climate change.

  • NEW YORK, March 28- U.S.

  • *BMW to invest $1 bln in Spartanburg by 2016. *BMW to add X7 SUV to product line. SPARTANBURG, SOUTH CAROLINA, March 28- BMW will expand production capacity in the United States by 50 percent and introduce another new offroad model, the German luxury carmaker said on Friday, in what amounts to a $1 billion bet on sport utility vehicles.

  • *Expects full-year profit of C $1.55- C $1.65/ shr vs estimate C $1.69/ shr. March 28- Ski-Doo snowmobile maker BRP Inc forecast a full-year profit below analysts' estimates, saying uncertainty in Russia and the weakening of the rouble would hurt demand in its third-largest market.