Latest Business News Wires - Business Headlines


  • Costco Wholesale Corp on Thursday said U.S. sales at stores open at least a year rose 3 percent, while L Brands Inc reported a better-than-expected 2 percent rise, lifted by gains at its Victoria's Secret lingerie chain.

  • *Staples, Costco shares fall after results, drag on Nasdaq. NEW YORK, March 6- U.S. stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.

  • DETROIT, March 6- Ford Motor Co Chief Executive Alan Mulally was awarded performance bonuses worth $13.8 million for 2013, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday. The shares were worth $13.83 million based on Thursday's closing price of $15.67.

  • March 6- Americans are richer than ever and increasingly willing to take on a bit of extra debt and yet the overall atmosphere, and the economic recovery, are surprisingly flat. Household net worth rose nearly $3 trillion in the fourth quarter, up 3.8 percent, registering a 14 percent gain for 2014, according to Federal Reserve data released on Thursday.

  • WASHINGTON, March 6- President Barack Obama on Thursday ordered sanctions on people responsible for Moscow's military intervention in Ukraine's Crimea Peninsula, including travel bans and freezing of their U.S. assets, and said a referendum by the region to join Russia would violate international law.

  • WASHINGTON/ NEW YORK/ LONDON, March 6- The U.S. economic outlook would have to change dramatically for the Federal Reserve to alter the pace at which it is winding down its massive bond-buying program, three top U.S. central bankers said on Thursday.

  • TORONTO, March 6- Three porn channels based in Toronto may not be Canadian enough for the country's broadcast regulator, which said this week it is concerned they are not serving up the requisite 35 percent of Canadian content.

  • NEW YORK/ LONDON, March 6- Gold rose on Thursday, boosted by the European Central Bank's decision to not take fresh action to inject liquidity into the euro zone market, which helped weaken the dollar and increased bullion's currency-hedge appeal. Gold has been up on high tensions between the West and Russia over Ukraine.

  • WASHINGTON, March 6- ADT Corp has settled with U.S. regulators who accused the home security company of paying safety experts to endorse its products without disclosing the arrangement, the Federal Trade Commission said on Thursday.

  • NEW YORK, March 6- World share markets rose on Thursday, supported by hopes that diplomatic efforts would cool the crisis in Ukraine, while the euro advanced to its highest level of the year after the European Central Bank signaled the euro zone needs no additional stimulus.

  • SIMFEROPOL, Ukraine/ BRUSSELS, March 6- Crimea's parliament voted to join Russia on Thursday and its Moscow- backed government set a referendum in 10 days' time in a dramatic escalation of the crisis over the Ukrainian region that drew a sharp riposte from U.S.

  • DUBLIN, March 7- Veteran Brussels politician Jean-Claude Juncker sought the backing of Europe's centre-right on Friday in the race to become European Commission president, pledging to build bridges in a region he said was increasingly divided.

  • March 6- Media executive Jack Griffin was appointed on Thursday as chief executive of Tribune Co's forthcoming spinoff newspaper company, Tribune Publishing. Tribune also announced that Eddy Hartenstein, the publisher of the Los Angeles Times and former DirecTV executive, will become non-executive chairman of Tribune Publishing's board.

  • LOS ANGELES/ SAN FRANCISCO, March 6- Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market.

  • He has sparred with eBay management via open letters and press releases since January, when eBay said the pugnacious billionaire had made an unsolicited proposal for eBay to hive off PayPal and nominated two directors to the eBay board. EBay has repeatedly said that eBay and PayPal are better off together.

  • WASHINGTON, March 6- Monetary policy is too "crude" of a tool to address possible asset-price bubbles in particular financial markets or corners of the economy, a top Federal Reserve official said on Thursday.

  • Senator Edward Markey introduced a bill on Thursday to make the Obama administration's approval of liquefied natural gas exports more complicated, saying expedited permits will not help Ukraine and Europe manage Russia's control of fuel supply.

  • NEW YORK, March 6- U.S. stocks mostly rose on Thursday, with the S&P 500 closing at a record high after better-than-expected jobless claims data ahead of Friday's closely watched nonfarm payrolls report. Based on the latest available data, the Dow Jones industrial average was up 63.90 points, or 0.39 percent, to close unofficially at 16,424.08.

  • HOUSTON, March 6- Carbon regulations can be crafted to help offset climate change without "shutting down business in its tracks," U.S. "We don't have to choose between a healthy environment and a healthy economy," McCarthy, who has run the EPA for nearly a year, said about new rules she said would be proposed by June.

  • By Clare Jim and Yimou Lee. HONG KONG, March 7- The days of Chinese developers snatching up premium properties with record-breaking offers are coming to an end as cooling measures bite and sale prices are squeezed, ending the reign of a handful of "land kings" in the world's second-largest economy.