Latest Business News Wires - Business Headlines


  • *Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.

  • NEW YORK, March 14- Cisco Systems Inc is investigating potential violations of U.S. bribery laws by the company and its resellers in Russia, Eastern Europe and Central Asia, but doesn't expect financial results to be materially affected, it said in a regulatory filing.

  • NEW YORK, March 14- Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed down stocks on major world markets on Friday and drove up buying of safe-haven gold and the yen.

  • *Gold miners sell production up to a year forward. *Hochschild, Detour, Petropavlovsk among the hedgers. "I see a short-term hedge as a weapon in the arsenal of a financial director to protect the company and generate some short to medium-term security," said Markus Bachmann, manager of precious metals and global resources funds at Craton Capital.

  • The prospect of sanctions against Russia being approved as soon as Monday, after a referendum on Crimea's reunification with Russia, is likely to set a gloomy backdrop for financial markets in the coming week. *Turkish central bank rate decision March 18, Philippines March 20, Mexico March 21.

  • BRUSSELS, March 14- The European Union has yet to convince Washington to commit to exporting U.S. gas under a transatlantic trade deal despite two days of talks on the issue, highlighting the challenges Europe faces to reduce its reliance on Russian energy.

  • WASHINGTON, March 14- The Republican-run U.S. House of Representatives on Friday approved a bipartisan deal to spare doctors from looming Medicare pay cuts, but included a provision to undermine Obamacare that critics said made the bill a non-starter in the Democratic-run Senate.

  • Some bank ATMs run Windows XP and that's a problem Friday, 14 Mar 2014 | 12:18 PM ET

    Banks will face security fees for not updating Windows XP-run automated teller machines as Microsoft withdraws support for the software on April 8.

  • WASHINGTON, March 14- President Barack Obama, aiming to allay concerns about the viability of his signature healthcare law, said on Friday enough people have enrolled to make its insurance marketplaces stable.

  • LONDON, March 14- Britain will sell slightly fewer government bonds in its coming fiscal year as stronger economic growth and better public finances reduce its borrowing needs, a Reuters survey showed on Friday.

  • NEW YORK, March 14- The manager of one of the best performing large-cap growth stock funds over the past five years is a value investor at heart. Dennis Lynch, portfolio manager of the $1.3 billion Morgan Stanley Growth fund, sets out to find what he calls "emerging franchises".

  • March 14- Women's apparel retailer Ann Inc's quarterly profit topped analysts' estimates again as shoppers snapped up the trendy merchandise sold at its Loft chain, sending its shares up more than 7 percent.

  • March 14- Shares of healthcare information provider Castlight Health Inc rose more than 160 percent in their debut, making the listing the strongest by a technology company so far this year. Castlight's shares opened at $37.50 and touched a high of $41.95 on the New York Stock Exchange, valuing the company at about $3.63 billion.

  • WASHINGTON, March 14- U.S. consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects. The preliminary Thomson Reuters/ University of Michigan index of consumer sentiment fell to 79.9 in March from 81.6 the prior month, a survey showed on Friday.

  • NEW YORK, March 14- Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed stocks on major world markets down on Friday and ramped up the flight into safe-haven gold and the yen.

  • NEW YORK, March 14- The yen rose on Friday, poised for its biggest weekly gains in more than a month against the euro and dollar, as traders flocked to it on growing tension in Ukraine and fears about the health of the Chinese economy.

  • MOSCOW, March 14- The Moscow- led South Stream pipeline project to take Russian gas directly to Europe, bypassing Ukraine, signed construction and pipe supply deals as Russia's Gazprom pushed ahead despite an EU decision to delay talks on the scheme.

  • Heightened tensions between the West and Russia ahead of Ukraine's weekend referendum in Crimea also drove a flight to quality into safe-haven bonds. The West has ramped up talks of sanctions while Russia has responded with promises of retaliatory measures.

  • Secretary of State John Kerry will seek assurances from Russia on Friday that it will not seek to annex Crimea and will address concerns over Ukraine through negotiation, a senior State Department official said before talks in London.

  • LONDON, March 14- Local investors are giving emerging markets another headache as they look abroad for more liquid and stable investments, drawn by strengthening foreign currencies and encouraged by regulatory changes at home.