Latest Business News Wires - Business Headlines



  • MEXICO CITY, April 9- Mexican inflation fell below the central bank's 4 percent limit in March, cooling a bit more than expected and backing bets for steady interest rates this year in Latin America's No. 2 economy.

  • European shares rebound as auto stocks rally Wednesday, 9 Apr 2014 | 10:09 AM ET

    *Bernstein upgrades lift Porsche and Volkswagen. The STOXX Europe 600 Automobile& Auto Parts Index was the best-performing equity sector in Europe, rising 1.3 percent as Volkswagen and Porsche both benefited from an upgrade by the brokerage Bernstein. Bernstein raised its rating on Porsche and Volkswagen to "outperform" from "market perform".

  • NEW YORK, April 9- The dollar rebounded from one of its worst performances against the yen on Wednesday as the. The dollar on Tuesday posted its largest one-day fall versus the yen in more than seven months, with investors buying back the Japanese currency after the Bank of Japan held off on additional monetary easing.

  • WASHINGTON, April 9- The United States on Wednesday urged Germany and other European countries to take seriously the risk that Europe could slip into a dangerous spiral of falling wages and prices. Lew was speaking on the eve of the spring meetings of the International Monetary Fund, which brings top financial officials from around the world to Washington.

  • U.S. wholesale inventories up, sales rebound Wednesday, 9 Apr 2014 | 10:01 AM ET

    WASHINGTON, April 9- U.S. wholesale inventories rose at a slower pace in February than in the prior month, which could support views that restocking will not help the economy in the first quarter. The Commerce Department said on Wednesday wholesale inventories increased 0.5 percent after a revised 0.8 percent gain in January.

  • April 9- Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business.

  • G7 ministers to meet Thursday on economy, Ukraine Wednesday, 9 Apr 2014 | 9:57 AM ET

    April 9- Finance ministers from the Group of Seven industrialized nations will meet on Thursday in Washington to discuss the global economy and the situation in Ukraine, sources said.

  • Shares of Blackstone-backed La Quinta fall in debut Wednesday, 9 Apr 2014 | 9:53 AM ET

    La Quinta raised $650 million from the offering of 38.25 million shares, which priced slightly below the expected range at $17 per share. La Quinta's shares opened at $16.75 and touched a low of $16.65 on the New York Stock Exchange on Wednesday, valuing the company at $2.04 billion.

  • *U.S. to sell $21 billion in 10- year note supply. *Fed to buy $900 million to $1.15 billion in long-dated bonds. NEW YORK, April 9- U.S.

  • BRUSSELS, April 9- Funding green energy will become harder under EU rules published on Wednesday designed to replace subsidies with market-based schemes, just when the Ukraine crisis has heightened the need for alternatives to imported fossil fuel.

  • *Poland has launched industry-wide investigation. WARSAW, April 9- Polish prosecutors alleged on Wednesday that a local executive with U.S. firm Hewlett-Packard Co. paid bribes worth over $500,000 in exchange for help winning contracts to supply computer equipment to the Polish police headquarters.

  • US STOCKS SNAPSHOT-Wall St opens higher, Alcoa rises Wednesday, 9 Apr 2014 | 9:33 AM ET

    NEW YORK, April 9- U.S. stocks opened higher on Wednesday, putting the S&P 500 on track for a second straight advance, after Alcoa Inc reported adjusted profits that beat expectations. The Nasdaq Composite Index was up 20.37 points, or 0.50 percent, at 4,133.36. Shares of Alcoa rose 4.5 percent to $13.11.

  • NOVO-OGARYOVO, Russia, April 9- Russian President Vladimir Putin told state-controlled natural gas producer Gazprom on Wednesday to hold off on making Ukraine pay up front for gas from Russia.

  • DAKAR, April 9- Small and medium-sized enterprises in Africa are crying out not just for financing but also management and operational expertise to enable them to grow a regional footprint, says private equity firm AFIG Funds.

  • April 9- Confectionary company Mars Inc said it will buy Procter& Gamble Co's pet food brands Iams, Eukanuba and Natura for $2.9 billion in major markets to beef up its pet food business. Mars will buy the rights to the three brands in North America, Latin America and other regions excluding Europe.

  • *Japan, US officials meeting before Obama visit. *US wants tougher deal than new Japan- Australia pact.

  • LONDON, April 9- Borrow-low, invest-high carry trades in foreign exchange markets are back again after a bad few months, as anticipation of a U.S.-led global recovery lures investors to return to risky emerging currencies, with the euro a likely loser.

  • Tiger Global helps Q&A site Quora raise $80 million Wednesday, 9 Apr 2014 | 9:00 AM ET

    SAN FRANCISCO, April 9- Question-and-answer service Quora has raised $80 million in funding led by financier Tiger Global, the latest in a group of no-revenue startups to land outsized checks from investors.

  • Firms' debt loads risk for emerging economies -IMF Wednesday, 9 Apr 2014 | 9:00 AM ET

    "Debt at risk... is even higher now than in the period following the September 2008 collapse of Lehman Brothers, and it is well above pre-crisis levels in Asia and in emerging Europe, the Middle East, and Africa," the IMF said in its Global Financial Stability Report.