Latest Business News Wires - Business Headlines


  • Osborne looks determined to stick to his message that Britain is only half-way through the belt-tightening plan he launched in 2010 to fix Britain's still wide budget deficit.

  • UPDATE 6-Oil climbs above $108 on Ukraine tension Friday, 14 Mar 2014 | 10:53 AM ET

    LONDON, March 14- Brent crude oil rose above $108 a barrel on Friday as heightened tension in Ukraine ahead of a referendum in the Russian-majority region of Crimea raised worries over Russian oil supplies.

  • *Microsoft withdraws support for Windows XP on April 8. LONDON/ NEW YORK, March 14- Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines and face additional costs to Microsoft to keep them secure.

  • NEW YORK, March 14- Berkshire Hathaway chairman and chief executive Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States.

  • PARIS, March 14- Vivendi will enter three weeks of exclusive talks with cable group Numericable in an effort to finalise a deal to sell its telecom unit SFR for 11.75 billion euros in cash, plus a stake in the resulting business.

  • *Gold headed for sixth straight weekly gain. LONDON, March 14- Gold prices reached their highest level in six months on Friday, benefiting from stumbling share prices hit by tensions between Russia and the West over Ukraine and growth concerns in China.

  • SEVASTOPOL/DONETSK, Ukraine, March 14- The CEOs of Russia's two largest firms are on a list of those who may be hit next week with European and U.S. sanctions over the Crimea crisis, a German newspaper said on Friday, suggesting tougher than expected measures against Russia's elite.

  • U.S. consumer sentiment edges lower in March Friday, 14 Mar 2014 | 10:00 AM ET

    NEW YORK, March 14- Consumer sentiment dipped modestly in early March, entirely due to reduced expectations for the future, a survey said on Friday. The preliminary Thomson Reuters/ University of Michigan overall index of consumer sentiment fell to 79.9 in March, down from the 81.6 final reading in February.

  • MADRID, March 14- Spain must cut individual and business tax rates and increase levies on consumer items from alcohol to fuel to repair one of Europe's lowest tax takes, according to proposals the government took in hand on Friday.

  • LONDON, March 14- Metals markets are nervous that nearly half a million tonnes of hidden zinc may be delivered on the London Metal Exchange next week, shaking a market unsure about the extent of further concealed stocks.

  • *Barclays has already announced 12,000 job cuts for group. March 13- Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.

  • March 14- U.S. packaged foods group General Mills Inc estimated third-quarter earnings below analysts' expectations as it faces increased competition from store brands and spends more on marketing its yogurts.

  • *Gold headed for sixth straight weekly gain. LONDON, March 14- Gold rose to a six-month high above $1,380 an ounce on Friday and was headed for its biggest weekly gain in four, buoyed by lower equity markets on mounting tensions between Russia and the West over Ukraine and worries of an economic slowdown in China.

  • *Highest earner is investment bank chief Andrea Orcel. ZURICH, March 14- UBS hiked Chief Executive Sergio Ermotti's pay by more than a fifth in 2013, when the Swiss bank added probes into its metals trading and foreign exchange businesses to a long list of legal troubles.

  • March 14- Starbucks Corp will get a wider selection of Keurig Green Mountain Inc's single-serve K-Cup coffee packs, in exchange for giving up the exclusive license for Keurig's highest-end coffee packs, the companies said on Friday.

  • LONDON, March 14- Simultaneous attacks on just nine substations could black out the entire United States, according to a report in the Wall Street Journal, based on a confidential study by energy regulators.

  • March 14- Medical device maker Hologic Inc appointed a former Johnson& Johnson executive as chief operating officer, three months after naming a new chief executive as part of a deal with activist investor Carl Icahn.

  • March 14- Latino-focused cable network NuvoTV has made an offer to buy Madison Square Garden Co's Fuse TV for more than $200 million in cash and stock, Bloomberg reported, citing people with knowledge of the matter.

  • *Wall Street set for subdued start. LONDON, March 14- Heightened tensions between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed world stocks to their lowest in more than a month on Friday and left investors scurrying into safe-haven gold and bonds.

  • MOSCOW, March 14- Russia's central bank on Friday kept lending rates on hold after raising them two weeks ago and said it would fight for financial stability after the standoff with the West over Crimea, which has sent the rouble and stocks tumbling.