Latest Business News Wires - Business Headlines


  • FRANKFURT, March 17- Shares in troubled utility RWE rose after it reached a deal to sell its oil and gas production arm to investors led by Russian tycoon Mikhail Fridman for 5.1 billion euros, a high price but the group will lose one of its main profit drivers.

  • LONDON, March 17- World stocks rose from a one-month low and the yen slipped on Monday as risky assets bounced, relieved that Sunday's referendum in Crimea passed without major violence but waiting to see whether Western powers will impose sanctions on Russia.

  • BRUSSELS, March 17- Euro zone annual inflation dropped back in February to the level that triggered a surprise cut in interest rates in November, revised data showed on Monday, underlining deflation risks in the bloc.

  • Crimea nationalises energy companies - report Monday, 17 Mar 2014 | 8:03 AM ET

    MOSCOW, March 17- The parliament of Ukraine's Crimea voted on Monday to nationalise energy companies Chornomornaftohaz and Ukrtransgaz, according to a statement on the parliament's website.

  • UPDATE 1-RWE's shares gain on $7.1 billion DEA deal Monday, 17 Mar 2014 | 8:00 AM ET

    FRANKFURT, March 17- Shares in troubled utility RWE rose after it reached a deal to sell its oil and gas production arm to investors led by Russian tycoon Mikhail Fridman for 5.1 billion euros, a high price but the group will lose one of its main profit drivers.

  • DETROIT, March 17- Chrysler Group is recalling 18,092 Fiat 500 L cars in the United States because drivers may not be able to shift out of park, according to documents filed with U.S. safety regulators.

  • JOHANNESBURG, March 17- South Africa's state-owned logistics company on Monday awarded General Electric, Bombardier and two Chinese firms a contract to supply over 1,000 trains, as part of a $28 billion expansion plan.


  • March 17- Beauty products retailer and distributor Sally Beauty Holdings Inc said "fewer than 25,000" credit-card records may have been taken in a recent data breach. Sally Beauty said on Monday that an investigation by forensics firm Verizon had discovered the evidence that card payment data may have been removed.

  • Slim completes bundling of Telekom Austria stakes Monday, 17 Mar 2014 | 7:30 AM ET

    VIENNA, March 17- Mexican telecoms tycoon Carlos Slim has finished consolidating his company and family stakes in Telekom Austria into a blocking minority, the Austrian firm said on Monday in a regulatory filing.

  • *Copper down close to 12 pct so far this year. SYDNEY/ LONDON, March 17- Copper rose on Monday as low prices after a sharp drop last week attracted some buying, but it was still not far from Wednesday's 44- month low because of persisting concerns about top consumer China's growth outlook and credit problems.

  • US STOCKS-Futures sharply higher after Crimea vote Monday, 17 Mar 2014 | 7:19 AM ET

    NEW YORK, March 17- U.S. stock index futures rose on Monday, rebounding from a steep drop in the previous week, after Sunday's referendum over whether Crimea will join Russia passed without violence.

  • *Gold heads for biggest quarterly gain in 27 years. LONDON, March 17- Gold hit its highest in six months on Monday as cautious investors remained risk averse after Western countries issued warnings of more sanctions on Moscow following Crimea's vote to break from Ukraine.

  • *U.S. Navy SEALs storm vessel in international waters. U.S. Navy SEALs boarded the Morning Glory tanker in international waters off Cyprus on Sunday night and took control of the vessel, which the Pentagon said was held by three armed Libyans. President Barack Obama and requested by the Libyan and Cypriot governments, Pentagon Press Secretary John Kirby said.

  • PORT-AU-PRINCE, March 16- Better known for producing third-world poverty and political mayhem- as well as a world-class rum- the Western Hemisphere's least developed country has made a surprising entry into the high-tech world with its own Android tablet.

  • NEW YORK, March 17- Like Bernard Madoff's Ponzi scheme itself, the trial of five of his former aides has been virtually unprecedented in its scope. A federal jury of 12 men and women on Monday will begin deciding whether the defendants are guilty of aiding in Madoff's massive fraud.

  • MOSCOW, March 17- Russian Industry Minister Denis Manturov said on Monday he supported the idea of providing state support to indebted coal and steel group Mechel, sending the company's shares higher.

  • STOCKHOLM, March 17- To glimpse Swedish angst under its picture postcard prosperity, look no further than film director Lisa Ohlin, who has enjoyed years of tax cuts in an economy the envy of Europe. But this leafy, well-heeled area is a microcosm of Sweden, where eyes are on a struggling school with strained finances, not enough teachers and poor results.

  • PARIS/ TOKYO, March 17- Renault and Japanese alliance partner Nissan unveiled their boldest steps yet to combine key operations and pursue economies of scale to rival auto giants like Volkswagen.

  • BEIJING, March 17- Chinese e-commerce giant Alibaba Group Holding Ltd has joined the race to develop' smart' household appliances, partnering with Chinese electronic goods maker Midea Group to produce home devices that talk to each other. Alibaba said on Sunday its long-awaited IPO, expected to be valued at over $15 billion, will take place in the United States.