Latest Business News Wires - Business Headlines


  • TOKYO, March 25- Asian shares were in a defensive mode on Tuesday after Wall Street fell overnight, though still-vague hopes of a new stimulus plan in China could improve investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent as Australian shares fell 0.5 percent, while Japan's Nikkei dropped 0.5 percent.

  • SACRAMENTO, Calif., March 24- Consumer advocates in California said on Monday they had gathered enough signatures to place an initiative on the November ballot that would raise a decades-old state cap on medical malpractice awards to $1.1 million.

  • NEW ORLEANS, March 24- Anadarko Petroleum Corp has sold two-thirds of the capacity of its planned Mozambique liquefied natural gas project to Asian customers and hopes to have the rest sold soon, its chief executive said on Monday.

  • TOKYO, March 25- U.S. crude oil gave up gains in early Tuesday trade to float just above $99 amid news that officials were looking to reopen a key Texas shipping channel, the shutdown of which had lifted prices in the previous session. *U.S. crude for May delivery was down 25 cents at $99.35 per barrel by 0005 GMT, after finishing 14 cents higher on Monday.

  • SINGAPORE, March 25- Gold steadied in early Asian trade on Tuesday, but was just off a one-month low after tumbling about 2 percent in the previous session as hedge funds sold down amid expectations of higher U.S. interest rates. *Spot gold added $1.49 an ounce to $1,310.61 by 2357 GMT, having fallen to $1,307.54 an ounce on Monday, its weakest since Feb. 20.

  • LONDON, March 25- Air pollution killed about 7 million people in 2012, making it the world's single biggest environmental health risk, the World Health Organisation said on Tuesday.

  • DIARY - Top economic Events to April 8 Monday, 24 Mar 2014 | 8:01 PM ET

    Treasury Secretary Jack Lew speaks before a dinner of the Citizens Budget Commission and receives the CBC Medal for High Civic Service in New York- 0000 GMT. PARIS- ECB President Mario Draghi gives a lecture at Sciences Po in Paris- 1600 GMT.

  • March 24- Data storage provider Box Inc aims to raise about $250 million in an initial public offering, becoming the latest contender from a wave of "cloud-based" companies to test the frothy market for technology listings.

  • UPDATE 1-Luxottica, Google clinch Glass eyewear deal Monday, 24 Mar 2014 | 7:54 PM ET

    MILAN, March 24- Ray-Ban sunglasses maker Luxottica said on Monday it had sealed a strategic partnership with Google Inc over its Glass eyewear that could pave the way for a new market in smart glasses. In a statement, Italy's Luxottica said it would design, develop and distribute a new kind of eyewear for the U.S. group's Internet-connected Glass eyewear.

  • March 24- Leo Strine, the chief justice of Delaware's Supreme Court, has proposed rolling back shareholder powers to prevent a "deluge" of corporate governance votes, the Financial Times reported on Monday.

  • WASHINGTON, March 24- Lawmakers will consider legislation this week to cut off all U.S. business with Russia's state-owned arms exporter, Rosoboronexport, in response to Moscow's intervention in Ukraine.

  • CARACAS, March 24- Venezuela launched a new free-floating foreign exchange system on Monday that offered dollars for eight times the official price in a move the government says will tame the black market but which critics see as a massive devaluation.

  • WASHINGTON, March 24- Pressure built on General Motors on Monday to take steps to get 1.6 million of its recalled cars off the road immediately and to establish a compensation fund for consumers affected by the company's faulty ignition switches linked to 12 deaths.

  • BRASILIA, March 24- Standard& Poor's cut Brazil's sovereign debt rating closer to speculative territory on Monday in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the country's finances. Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating.

  • *U.S. dollar down against major currencies. SYDNEY, March 25- The U.S. dollar nursed broad losses early on Tuesday, having come under pressure late in New York as investors bought the euro and drove the Australian dollar to its highest this year.

  • LONDON, March 24- Britain's Inmarsat used a wave phenomenon discovered in the 19th century to analyse the seven pings its satellite picked up from Malaysia Airlines Flight MH370 to determine its final destination.

  • MILAN, March 24- Ray-Ban sunglasses maker Luxottica said on Monday it had sealed a strategic partnership with Google to design and distribute a new kind of eyewear for the U.S. group's Internet-connected Glass eyewear. In a statement, Luxottica said the two groups would work together to create innovative wearable devices for Google's iconic Glass brand.

  • General Dynamics filed a protest with the Army on Feb. 14, arguing that the Army's rules for a competition to replace nearly 2,900 Vietnam- era M113 infantry carriers were skewed to favor BAE Systems Plc's Bradley Fighting Vehicle.

  • SAN FRANCISCO, March 24- King Digital Entertainment Plc's colorful "Candy Crush Saga" has gone viral on smartphones worldwide, but the company may struggle to replicate that enthusiasm with its upcoming $7.6 billion initial public offering.

  • WASHINGTON, March 24- A bill providing economic assistance to Ukraine and imposing sanctions over Russia's seizure of Crimea cleared a procedural hurdle in the U.S. Senate on Monday, as backers attempted to win passage of the legislation later this week.