Latest Business News Wires - Business Headlines


  • WASHINGTON, March 19- The disappearance of a Malaysian plane has prompted calls for in-flight streaming of black box data over remote areas, but industry executives say implementing changes may be complex and costly.

  • SINGAPORE, March 20- U.S. crude held above $100 per barrel in early Asian trading on Thursday, after gained support from an inventory draw at the benchmark's pricing hub in Cushing, Oklahoma.

  • VANCOUVER, March 19- The British Columbia government is preparing legislation to force striking container truck drivers to return to work at Port Metro Vancouver, in an effort to end a three-week strike that has crippled operations at Canada's largest port.

  • PRECIOUS-Gold hits 3-week low on Fed, firm U.S. dollar Wednesday, 19 Mar 2014 | 8:36 PM ET

    SINGAPORE, March 20- Gold hit its weakest in three weeks on Thursday as the U.S. dollar jumped on expectations the Federal Reserve could end its bond-buying programme this fall, hurting the metal's safe haven appeal as a hedge against inflation. *Cash gold hit a low of $1,325.34 an ounce, the weakest since Feb. 28, and stood at $1,328.84 by 0012 GMT, down $2.00.

  • MEXICO CITY, March 19- Mexico will send legislation to Congress this week to flesh out a reform that seeks to curb the power of telecoms mogul Carlos Slim and the country's top broadcaster, Televisa, a senior lawmaker said on Wednesday.

  • *Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.

  • DIARY - Emerging Markets Economic Events to April 1 Wednesday, 19 Mar 2014 | 8:02 PM ET

    Mar 20- For other related diaries, please. MUMBAI, India- The Reserve Bank of India Deputy Governor Kamalesh Chandra Chakrabarty will give a keynote address at an industry event- 0330 GMT. SANTIAGO- Chile Central Bank President Rodrigo Vergara Montes and Finance Minister Alberto Arenas will give presentations at a business forum- 1230 GMT.

  • WASHINGTON, March 19- In an effort to help Americans prepare for the effects of global warming, the White House on Wednesday unveiled a new initiative to make climate data widely available to citizens, companies and local governments.

  • DIARY - Top Economic Events to April 1 Wednesday, 19 Mar 2014 | 8:01 PM ET

    TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the Japan Chamber of Commerce and Industry- 0715 GMT. BERKS, United Kingdom- Bank Of England Monetary Policy Committee member speaks at the Thames Valley Chamber of Commerce. ZURICH- Swiss National Bank holds Monetary policy assessment- 0830 GMT.

  • The calls are a routine part of how the SEC monitors asset managers through its Division of Investment Management, and are not related to any investigation.

  • Starbucks faces higher milk, coffee costs Wednesday, 19 Mar 2014 | 7:39 PM ET

    SEATTLE, March 19- Starbucks Corp is wrestling with higher costs for milk and coffee, the two ingredients in its popular lattes, but that does not mean its customers are going to pay more. "I want to resist raising prices in this environment," Howard Schultz, Starbucks' chairman and chief executive, said, referring to still cautious spending by many consumers.

  • SYDNEY, March 20- The dollar traded at two-week highs against a basket of major currencies early on Thursday, having posted solid gains after comments from Fed Chair Janet Yellen prompted markets to bring forward interest rate hike expectations. The greenback fetched 102.40 yen, having surged 0.9 percent, while the euro fell around 0.7 percent to $1.3822.

  • *Wall St slips, likely to pressure shares in Asia. SYDNEY, March 20- The U.S. dollar was holding hefty gains in Asia on Thursday as investors wrestled with the risk that U.S. interest rates could rise sooner and faster than previously thought, pressuring stock and bond prices.

  • NEW YORK, March 19- General Motors Co was hit with a lawsuit on Wednesday demanding that the company be held liable for allegedly concealing ignition problems before its 2009 bankruptcy. The so-called new GM is not responsible under the terms of its bankruptcy exit for legal claims relating to incidents that took place before July 2009.

  • The calls are a routine part of how the SEC monitors asset managers through its Division of Investment Management, and are not related to any investigation.

  • U.S. FDA approves Paladin drug to treat tropical disease Wednesday, 19 Mar 2014 | 6:40 PM ET

    Impavido, made by Canada's Paladin Labs Inc, is an oral medicine approved to treat the three main types of leishmaniasis: visceral, which affects internal organs; cutaneous, which affects the skin; and mucosal, which affects the nose and throat. This is the first drug approved by the FDA to treat cutaneous or mucosal leishmaniasis.

  • 3D printer maker ExOne posts surprise quarterly loss Wednesday, 19 Mar 2014 | 6:37 PM ET

    March 19- 3 D printer maker ExOne Co reported a surprise quarterly loss as it sold fewer high-margin printers and the company forecast 2014 revenue below analysts' estimates. ExOne's gross margin fell to 30.9 percent in the fourth quarter ended Dec. 31 from 49 percent a year earlier.

  • Ex-MP3tunes chief held liable in music copyright case Wednesday, 19 Mar 2014 | 6:36 PM ET

    NEW YORK, March 19- The former chief executive of bankrupt online music storage firm MP3tunes was found liable Wednesday for infringing copyrights for sound recordings, compositions and cover art owned by record companies and music publishers once part of EMI Group Ltd..

  • NEW YORK, March 19- Marketwired, a company that publishes and distributes corporate earnings and other market-moving news releases, said on Wednesday it would no longer sell directly to high-frequency trading companies.

  • FOREX-Dollar jumps as US hints at speeded-up rate rise Wednesday, 19 Mar 2014 | 6:04 PM ET

    *Fed trims monthly bond buying to $55 bln. NEW YORK, March 19- The dollar jumped on Wednesday as Federal Reserve Chair Janet Yellen surprised world markets by hinting that the central bank may accelerate the timetable for ending low U.S. interest rates.