Latest Business News Wires - Business Headlines


  • NEW YORK, March 19- The world's major stock and bond markets were little changed on Wednesday as investors awaited comments from Federal Reserve Chair Janet Yellen at the conclusion of the Fed's two-day policy meeting.

  • March 19- TreeHouse Foods Inc is weighing a bid for Michael Foods Group Inc, joining a list of suitors that include much larger rival Tyson Foods Inc, people familiar with the matter said. Michael Foods, the egg and dairy products producer owned by Goldman Sachs Group Inc's private equity unit, is in the advanced stage of finding a buyer.


  • UPDATE 1-Google won't face email privacy class action Wednesday, 19 Mar 2014 | 11:32 AM ET

    March 19- Google Inc won a significant legal victory as a U.S. judge decided not to combine several lawsuits that accuse the Internet search company of violating the privacy rights of hundreds of millions of email users into a single class action.

  • FRANKFURT/ WASHINGTON, March 19- The unexplained fate of Malaysia Airlines flight MH370 has thrown the spotlight on some satellite technologies that will make it easier in future for authorities to track and communicate with aircraft over water and uninhabited areas. The plane vanished from radar screens on March 8 with 239 people aboard.

  • EXCLUSIVE-The mysterious journey of the Libya oil tanker Wednesday, 19 Mar 2014 | 11:01 AM ET

    TRIPOLI/ LONDON, March 19- What began late last year as a routine new assignment for Pakistani sea captain Mirza Noman Baig ended in a dramatic night-time rescue as U.S. special forces seized the ship his family said he was forced to operate by Libyan rebels.

  • March 19- KB Home, the fifth-largest U.S. homebuilder, reported a better-than-expected quarterly profit as a shortage of ready land to build on helped it increase selling prices, sending its shares up as much as 10 percent in morning trade.

  • UPDATE 2-Tencent sharpens focus on WeChat expansion Wednesday, 19 Mar 2014 | 10:55 AM ET

    *Tencent Q4 net income up 12.9 pct to 3.91 bln yuan. BEIJING/ HONG KONG, March 19- Tencent posted its slowest quarterly profit growth in almost two years after heavy spending to promote its mobile messaging app WeChat and e-commerce sites in competition with Alibaba Group.

  • FOREX-Dollar rises ahead of Fed statement, Yellen debut Wednesday, 19 Mar 2014 | 10:54 AM ET

    NEW YORK, March 19- The dollar got a lift on Wednesday from expectations the Federal Reserve will look beyond the drag of a harsh winter on America's economy and keep unwinding its monetary stimulus.

  • US STOCKS-Wall St flat ahead of Fed; Oracle shares slump Wednesday, 19 Mar 2014 | 10:48 AM ET

    *Oracle falls after results, but KB Home rallies. The S&P 500 was within striking distance of all-time highs, though an Oracle Corp selloff weighed on tech shares, and economic bellwether FedEx Corp sounded a sour note in its outlook.

  • *Metals brokerage business to stay with JPMorgan, source says. NEW YORK, March 19- JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

  • OTTAWA, March 19- Joe Oliver, Canada's former energy minister and champion of the controversial Keystone XL pipeline, was appointed the country's new finance minister on Wednesday, signaling a stay-the-course approach to fiscal and economic policy.

  • March 19- Shares of Paylocity Holding Corp rose as much as 80 percent in their market debut, valuing the online payroll services provider at about $1.55 billion. The Illinois- based company raised about $120 million after its initial public offering was priced at $17 per share, slightly above the expected pricing range of $14- $16.

  • LONDON, March 19- British finance minister George Osborne on Wednesday promised tax relief for households, a cap on welfare, help for savers and manufacturers, and lower costs for bingo and beer as the government prepares for next year's elections.

  • March 19- U.S. investment bank JPMorgan Chase& Co. has sold its physical commodities arm to Mercuria for $3.5 billion in cash, catapulting the Swiss trade house into the top tier of commodities traders.

  • OTTAWA, March 19- Canadian Prime Minister Stephen Harper named Natural Resources Minister and veteran banker Joe Oliver as finance minister on Wednesday and pledged that he would balance the federal budget in 2015 as outgoing minister Jim Flaherty had promised.

  • METALS-Copper hits 3-1/2 yr low on credit worries in China Wednesday, 19 Mar 2014 | 10:08 AM ET

    *Investors nervous about more company default in China. LONDON, March 19- Copper hit its lowest level in more than 3-1/ 2 years on Wednesday on worries about growth and tighter credit in China, while aluminium sank as market data highlighted copper's chronic oversupply.

  • *Fed widely expected to pare bond purchases by $10 bln. NEW YORK, March 19- U.S. government debt prices were little changed on Wednesday as investors waited for the Federal Reserve to possibly change its guidelines on the timing of raising interest rates as job growth remains sluggish and inflation stays stuck below its target.

  • Toyota faces hundreds of lawsuits over acceleration problems that gained public attention after the deaths of a California highway patrolman and his family, which were reportedly caused by the unintended acceleration of his Toyota- made Lexus.

  • HONG KONG, March 19- After a year of waiting, the man running what could be the biggest-ever technology IPO finally lost patience with Hong Kong. Joe Tsai, the Alibaba Group Holding executive in charge of plans for the highly anticipated deal, only abandoned hope of a Hong Kong listing in the last few weeks, according to people familiar with the matter.