Latest Business News Wires - Business Headlines


  • COLUMN-Russia and the dead BRIC thesis: James Saft Tuesday, 4 Mar 2014 | 3:00 PM ET

    Russia's power move in Ukraine is the slap and the so-called BRICs as an investment concept is the belief. That's not because India will bomb Sri Lanka or Brazil impose a' co-prosperity zone' on Surinam.

  • OTTAWA, March 4- The Group of Seven leading industrialized nations are discussing whether to hold a meeting in the near future, Canadian Prime Minister Stephen Harper said on Tuesday, a move that would pointedly exclude Russia. Harper, who did not give further details, has been particularly critical of Russia over the actions of its armed forces in Ukraine.

  • WASHINGTON, March 4- The eastern and central United States were plunged into a deep freeze on Tuesday, with record low temperatures in the wake of a deadly storm expected to moderate in coming days. Baltimore; Scranton, Pennsylvania; Morgantown, West Virginia; Zanesville, Ohio; and Flint, Michigan all set or tied record lows.

  • GENEVA, March 4- Daimler's Mercedes and Nissan's Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker's North American production and broaden the Infiniti lineup, people familiar with the matter said.

  • MOSCOW, March 4- Russia needs more guarantees on food safety from two U.S. pork packing plants in order to resume imports from the United States around March 10 as it had originally targeted, Russia's veterinary and phytosanitary watchdog said on Tuesday.

  • OTTAWA, March 4- The Group of Seven leading industrialized nations are discussing whether to hold a meeting in the near future, Canadian Prime Minister Stephen Harper said on Tuesday, a move that would pointedly exclude Russia. The G7 became the G8 in 1998 when Russia was formally included.

  • *Commerzbank selling 4 bln euro portfolio of property loans. FRANKFURT/ MADRID, March 4- Banks such as Deutsche Bank and JPMorgan are teaming up with international funds to bid for a multi-billion-euro portfolio of Spanish property loans as the country's real estate market thaws, sources close to the process said.

  • Investment bank Moelis files for IPO Tuesday, 4 Mar 2014 | 2:32 PM ET

    March 4- Moelis& Co, an independent investment bank, filed with U.S. regulators to raise up to $100 million in an initial public offering of its Class A common stock.

  • TORONTO, March 4- Chrysler Group LLC said on Tuesday it would push ahead with major development plans for two assembly plants in the Canadian province of Ontario, but it will keep its "strategic options" open after withdrawing requests for government funding.

  • Japan to regulate and tax Bitcoin trades - Nikkei Tuesday, 4 Mar 2014 | 2:13 PM ET

    Japan's government is still trying to explain the collapse of Mt. Gox- once the world's once largest bitcoin exchange- and figure out how the Tokyo- based company could lose nearly half a billion dollars in bitcoins, Finance Minister Taro Aso said on Tuesday.

  • *New plant in Brazil to open next year, help boost sales. GENEVA, March 4- Fiat Chrysler Automobiles expects a new plant in Brazil to boost its profitability in that market by 2017 after a cut to subsidies and currency effects hit profits there last year, Chief Executive Sergio Marchionne said on Tuesday.

  • *U.S., EU warn Russia could face sanctions over Crimea. NEW YORK, March 4- Crude oil fell nearly 2 percent on Tuesday after President Vladimir Putin said Russia would only use military force in Ukraine as a last resort, releasing some tension from a growing crisis that pushed prices to five-month highs in the previous session.

  • LOS ANGELES, March 4- The audience that tuned in to watch ABC's live telecast of the Oscars hosted by Ellen DeGeneres on Sunday was the show's highest in 14 years after ratings were upwardly revised. Walt Disney Co's ABC network has signed on to broadcast the film industry's highest honors through 2020..

  • WASHINGTON, March 4- President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that drew instant condemnation from Republicans, who dismissed the document as an election-year campaign pitch.

  • *RadioShack closing 1,100 stores after sales tumble 20 pct. NEW YORK, March 4- U.S. stocks rose on Tuesday, with the S&P 500 at a record high, as fears of a confrontation between Russia and Ukraine eased and Russian President Vladimir Putin said there was no need to use military force in the Crimea region for now.

  • March 4- Comcast Corp on Tuesday said its discounted Internet service for low-income families will be available indefinitely, a move that should please U.S. regulators as the company seeks approval for its $45.2 billion takeover of Time Warner Cable.

  • PARIS, March 4- More than 400 people have signalled they would join a class action against Mt. Selachii has received over 400 expressions of interest in joining a class action, according to the law firm's co-founder Richard Howlett.

  • SAN FRANCISCO, March 4- Apple Inc's Chief Financial Officer Peter Oppenheimer will retire and hand the reins to Luca Maestri in September, transferring financial stewardship of the world's largest technology company to the Italian-born corporate controller. Apple's shares were up 0.6 percent at $530.87.

  • March 4- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 23 percent jump in first-quarter profit as investment banking revenue grew. The bank said its holdings in Knight Capital and Harbinger Group Inc, were marked down by $15 million.

  • Chrysler pulls funding request to Canadian gov't Tuesday, 4 Mar 2014 | 1:29 PM ET

    TORONTO, March 4- Chrysler Group LLC said on Tuesday it plans to withdraw its request for government funding to help develop two of its assembly plants in Windsor and Brampton, Ontario.