Latest Business News Wires - Business Headlines


  • Microsoft may unveil Office for iPad on March 27 Monday, 17 Mar 2014 | 6:10 PM ET
    People buy the new Apple iPad Air at the Apple Store in New York City.

    Microsoft CEO Satya Nadella may unveil an iPad version of the company's Office software suite on March 27, a source told Reuters.

  • NEW YORK, March 17- Swings in the foreign exchange market cost U.S.-based multinational corporations nearly $6 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps on Monday.

  • Engineers' coup pays off with Japan Display listing Monday, 17 Mar 2014 | 5:02 PM ET

    TOKYO, March 18- When Japan Display Inc lists on the Tokyo Stock Exchange on Wednesday, it will bring vindication- and $1.6 billion in cash- for a government-backed restructuring effort after other high-stakes attempts to help chipmakers flopped.

  • TOKYO, March 18- Japan faces a full-on cyber attack across government departments on Tuesday in a drill aimed at bolstering national security as the country gears up to host the 2020 Olympics. Japan is following the lead of Britain, which invited ethical hackers to test its computer systems in the run up to the 2012 London Olympics.

  • *U.S. Navy commandos storm vessel in international waters. President Barack Obama and requested by the Libyan and Cypriot governments, Pentagon Press Secretary John Kirby said. "The Morning Glory is carrying a cargo of oil owned by the Libyan government National Oil Company.

  • 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.

  • *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 the Crimea vote.

  • NEW YORK, March 17- Brent oil futures fell more than $2 per barrel on Monday to near six-week lows, as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea. The United States and Europe imposed sanctions on Russian officials after Crimea's Sunday vote to become part of Russia.

  • 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.