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Latest Business News Wires - Business Headlines

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  • March 25- Carnival Corp, the world's largest cruise operator, forecast a full-year profit below analysts' estimates as it cuts prices to attract customers after onboard mishaps hurt demand for its cruises over the past couple of years.

  • MEXICO CITY, March 25- Mexico's economy expanded in January as industry grew at its fastest pace in nearly a year, the national statistics agency said on Tuesday, but a slight contraction in the services sector pointed to sluggish growth.

  • NEW YORK, March 25- A federal appeals court on Tuesday rejected a bid by former Goldman Sachs Group Inc director Rajat Gupta to overturn his insider trading conviction. Attorney Preet Bharara in Manhattan declined to comment.

  • MOSCOW, March 25- Russia, one of the world's main wheat producers, faces years of modest grain crop growth as farmers are struggling to boost low yields and get more land in regions with easy access to ports, SovEcon, Russia's leading agricultural consultancy, said.

  • *Walgreen, McCormick shares rally after results. NEW YORK, March 25- U.S. stocks rose on Tuesday as many of the market's biggest trading favorites regained their momentum and a strong read on consumer confidence boosted optimism about economic conditions.

  • *New home sales fall 3.3 percent in February. WASHINGTON, March 25- Sales of new U.S. single-family homes hit a five-month low in February, but a surge in consumer confidence to a six-year high in March suggested the economy was regaining momentum after being held back by severe weather.

  • *Russia, Ukraine remain promising markets for Metro. German Chancellor Angela Merkel has warned economic sanctions could follow Russia's annexation of Ukraine's Crimea region, prompting her country's main trade body to warn of "catastrophic losses" for more than 6,000 German companies which do business with Russia.

  • PARIS, March 25- France will use a visit from China's President this week to seek tighter business links to the world's number-two economy in a bid to boost its own anaemic one, signing big-ticket industry deals and working to cut its trade and investment deficits.

  • MOSCOW, March 25- Rosneft, the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.

  • U.S. consumer confidence hits 6-year high in March Tuesday, 25 Mar 2014 | 10:19 AM ET

    NEW YORK, March 25- U.S. consumer confidence rose in March to its highest in more than six years as expectations brightened, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes rose to 82.3, the highest since January 2008, from a upwardly revised 78.3 in February.

  • NEW YORK, March 25- A federal appeals court on Tuesday rejected a bid by former Goldman Sachs Group Inc director Rajat Gupta to overturn his insider trading conviction. The 2nd U.S. Circuit Court of Appeals rejected the claim by Gupta, also a former global managing director of consulting firm McKinsey& Co, that his trial judge improperly admitted wiretap evidence.

  • UPDATE 1-Oil spills into Lake Michigan from BP refinery Tuesday, 25 Mar 2014 | 10:15 AM ET

    March 25- Oil leaked from BP Plc's Whiting oil refinery in Indiana into Lake Michigan after a mechanical glitch on Monday afternoon, the company and local officials said on Tuesday.

  • SUPREME COURT RULES THAT SEVERANCE PAYMENTS ARE TAXABLE WAGES IN A WIN FOR U.S.

  • *Investment returns of chartists 7 pct lower per year. AMSTERDAM, March 25- Technical analysis, the study of price charts to predict future market moves, depresses investment returns for private investors as it leads to overconfidence, high trading costs and undiversified portfolios, a Dutch-American study shows.

  • March 25- Carnival Corp, the world's largest cruise operator, barely broke even on an adjusted per-share basis in the first quarter and warned it might post a loss for the current quarter due to a rise in costs.

  • NEW YORK, March 25- Jon Corzine, the former MF Global Holdings Ltd chief executive, and two former colleagues failed to win the dismissal of a lawsuit by a trustee seeking to hold them responsible for the futures brokerage's rapid demise and bankruptcy.

  • *China stimulus hopes support emerging market shares. LONDON, March 25- Growing speculation that China may take steps to bolster growth, and efforts by the West to draw a provisional line under the Ukraine crisis, helped lift share and commodity markets out of their recent slump on Tuesday.

  • 10 TH OF RAMADAN CITY, Egypt, March 25- Egypt's next president is likely to face a far more complex problem than cracking down on Islamists- meeting the demands of workers desperate for decent jobs and wages.

  • March 25- EBay Inc urged its shareholders to vote against activist investor Carl Icahn's proposal to spin off the e-commerce company's PayPal payments unit. Last week, Icahn asked eBay to sell 20 percent of the PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spin off.

  • Carnival Corp forecasts loss for current quarter Tuesday, 25 Mar 2014 | 9:31 AM ET

    March 25- Carnival Corp, the world's largest cruise operator, barely broke even on an adjusted per-share basis in the first quarter and forecast a loss for the current quarter due to a rise in costs.