Latest Business News Wires - Business Headlines


  • New online platform wants to take on YouTube Monday, 17 Mar 2014 | 4:24 PM ET

    Backed by Universal Music Group, Qualcomm Ventures, former Apple executive Pascal Cagni and Andrew Creighton, president of Vice Media, Wonder features topics from wellness to food to entertainment targeting women. "We want to be the Whole Foods of video," said Sofia Fenichell, Wonder founder and CEO.

  • *JA Solar soars after results, forecast. The 97- percent vote in Crimea in favor of quitting Ukraine was condemned as illegal by Kiev and the West, but the referendum passed without violence. Google Inc gained 1.6 percent to $1,192.10 while General Electric Co rose 1.3 percent to $25.43.

  • CHICAGO, March 17- A former clerk at the Chicago Mercantile Exchange was convicted of commodities fraud for manipulating trades in the lean hog futures market to earn more than $200,000, federal law enforcement officials said on Monday. District Judge James Zagel in Chicago, according to a news release from the U.S. Attorney's Office.

  • NEW YORK, March 17- American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.

  • NEW YORK, March 17- U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.

  • LOS ANGELES, March 17- Sony Pictures Entertainment on Monday will announce layoffs throughout its studio operations in the United States and abroad, according to a person familiar with the matter.

  • March 17- Oil and gas producer Harvest Natural Resources Inc said it was not sure when the Venezuelan government would approve the sale of its remaining assets in the country. Shares of Harvest Natural, which also reported a bigger quarterly loss, fell as much as 10 percent to $3.90 on Monday on the New York Stock Exchange.

  • El-Erian starts tweeting, but won't talk about Gross Monday, 17 Mar 2014 | 3:16 PM ET

    NEW YORK, March 17- Mohamed El-Erian, the former chief executive of Pimco, has taken to Twitter to express his views to the world, but he said on Monday he wants to steer clear of the drama surrounding his falling out with co-founder Bill Gross for now.

  • DETROIT, March 17- General Motors Co announced new recalls of 1.5 million cars on Monday and in a virtually unprecedented public admission by a GM CEO, Mary Barra acknowledged the company fell short in catching faulty ignition switches linked to 12 deaths and last month's recall of 1.6 million cars.

  • *United States, EU impose sanctions on Russia. NEW YORK, March 17- The safe-haven yen fell broadly on Monday after the United States and the European Union imposed what investors saw as modest economic sanctions against Russia and Ukraine following Crimea's weekend vote to join Moscow.

  • JOHANNESBURG, March 17- With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.

  • MILAN, March 17- An Italian judge has rejected a request by India to recover more than 278 million euros in bank guarantees backing a scrapped helicopter deal with Finmeccanica, the Italian defence group said on Monday.

  • *Yen slides broadly as Russia sanctions seen as modest. The yen fell broadly after the United States and the European Union imposed what investors perceived to be only modest economic sanctions on some officials of Russia and Ukraine following Crimea's vote to join Moscow.

  • *Russia wants "support group" to make Ukraine neutral. SIMFEROPOL/ BRUSSELS, March 17- The United States and European Union imposed personal sanctions on Monday on Russian and Crimean officials involved in the seizure of Crimea from Ukraine as Russian President Vladimir Putin signed a decree recognising the region as a sovereign state.

  • March 17- The U.S. Department of Energy on Monday released results from its bid to sell 5 million barrels of oil from the nation's Strategic Petroleum Reserve.

  • Yet Proofpoint Inc, a $1.6 billion market cap email security company, is catching the eye of fund managers by gaining share in a market that many investors have left for dead. Twenty-six small-cap funds added Proofpoint to their portfolios over the last quarter, a nearly 15 percent increase from the quarter before, Morningstar data show.


  • LONDON, March 17- Broadcasting masts group TDF faces a battle to sell its French arm as favoured suitor Dering Capital struggles to fund its bid and fears mount that consolidation among the unit's telecoms clients could hit revenues, sources close to the matter said.

  • *Sugar back on defensive after Brazil- driven rally. NEW YORK/ LONDON, March 17- Arabica coffee futures on ICE dropped for the second straight day on Monday, its biggest two-day tumble in 2-1/ 2 years, as a forecast for widespread rain in top grower Brazil's coffee belt took out some of the market's weather premium.

  • NEW YORK/ LONDON, March 17- Gold prices fell on Monday as a sharp rally in U.S. equities triggered profit-taking after bullion briefly rose to a six-month high earlier in the day. Wall Street, measured by the S&P 500 index, rose about 1 percent as East-West tensions over Crimea eased after the region voted to join Russia and the referendum passed without violence.