Latest Business News Wires - Business Headlines


  • UPDATE 1-EU puts Russia gas pipeline talks on hold Monday, 10 Mar 2014 | 11:15 AM ET

    FRANKFURT/ BRUSSELS, March 10- Political talks between EU officials and Russia on its South Stream gas pipeline to bypass Ukraine are on hold, while Gazprom's access to another vital link has stalled for technical reasons, the European Commission said on Monday.

  • *BASF's Wintershall, Mikhail Fridman, MOL still in the race- sources. With operations in 14 countries including Germany, Britain, Norway and Egypt, DEA employs nearly 1,400 and accounted for about 9 percent of RWE's operating profit last year.

  • *Jitters over Ukraine contained for now. NEW YORK, March 10- The U.S. dollar held steady against major currencies on Monday, supported by hopes U.S. job growth would pick up in the wake of last week's mildly encouraging report on hiring and as tension over Ukraine remained contained.

  • Mt. Gox files for U.S. bankruptcy protection Monday, 10 Mar 2014 | 10:55 AM ET

    Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.

  • *Traders squaring positions ahead of USDA supply-demand report. At 9:42 a.m. CDT, Chicago Board of Trade May soybean futures were down 14-1/ 2 cents at $14.43-1/ 4 a bushel. CBOT May corn was down 3 cents at $4.86 a bushel and CBOT May soft red winter wheat was 2 cents lower at $6.52 a bushel.

  • WASHINGTON, March 10- The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.

  • TRIPOLI, March 10- Libya's parliament has ordered a special force be sent within one week to "liberate" all rebel-held ports in the volatile east, officials said on Monday, raising the stakes over a blockage that has cut off vital oil revenues.

  • SERRANIA DE PERIJA, Colombia, March 10- After enduring eight hours of machine-gunfire and bombs between leftist rebels and right-wing paramilitaries, Maura Leonor Vega and her husband fled their home of four decades in Colombia's Andes for the shelter of the nearest town.

  • SOFTS-Coffee sets 2-year high as global deficit looms Monday, 10 Mar 2014 | 10:29 AM ET

    *Dry weather set to cut Brazil coffee crop for two seasons. LONDON, March 10- Coffee prices climbed to a two-year high on Monday as dry weather in Brazil raised the prospect of a global deficit in 2014/ 15 and potentially the following season as well.

  • *Minerals to buy Amcol for $1.7 bln. March 10- Minerals Technologies Inc said it would buy Amcol International Corp for about $1.7 billion, after Paris- based Imerys SA failed to match Minerals' sweetened bid of $45.75 per share.

  • NEW YORK, March 10- U.S. stocks edged modestly lower on Monday, and the S&P 500 held near record highs, as investors largely shrugged off unexpectedly weak data in China. "I don't think it's disruptive to the way people are looking at China as an economy that has lost some of its hyperbolic move and that is almost welcome."

  • March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United States. McDonald's Chief Financial Officer Pete Bensen said in a press release that the unchanged global comparable sales so far this year "will pressure margins" in the first quarter.

  • LONDON, March 10- Owners and operators of high-voltage transmission lines and substations must identify critical facilities and implement a security plan to protect them from physical attack, the U.S. Federal Energy Regulatory Commission ordered on Friday.

  • March 10- A Chinese state-owned company offered to buy Montage Technology Group, a Shanghai- based chipmaker, in a deal valued at about $600 million, roughly four months after failing to buy rival RDA Microelectronics Inc.

  • March 10- EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting. EBay said since each Icahn nominee currently sits on four public company boards, they are not in compliance with eBay's guidelines on "overboarding.

  • NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.

  • Minerals Technologies to buy Amcol for $1.7 billion Monday, 10 Mar 2014 | 9:45 AM ET

    March 10- Minerals Technologies Inc said it would buy Amcol International Corp for about $1.7 billion, after Paris- based Imerys SA failed to match Minerals' sweetened bid of $45.75 per share. Amcol had previously asked Imerys to match Minerals' offer of $45.75 per share. Amcol shares fell 2 percent to $45.69 in early trading on Monday.

  • *Copper and oil hit by China, U.S. jobs data knocks gold. LONDON, March 10- World stocks edged off a six-year peak and commodities from copper to crude oil tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.

  • "The military operation to fulfil this task will start within one week," according to a decree by the president of the General National Assembly parliament, which was confirmed to Reuters by GNC spokesman Omar Hmeidan.

  • NEW YORK, March 10- U.S. stocks opened slightly lower on Monday, on the heels of a record high for the S&P 500, following unexpectedly weak data from China that tempered enthusiasm over the strength of the global economy. The Dow Jones industrial average was down 44.89 points, or 0.27 percent, at 16,407.83.