Latest Business News Wires - Business Headlines


  • WASHINGTON, March 7- Top Airbus executives on Friday said they still hoped to expand the company's share of the shrinking U.S. defense market but did not see a large U.S. acquisition target in the near-term.

  • *Offered to let Casablanca appoint 2 independent directors. *Casablanca denies making a postponement request. Casablanca, Cliffs' fifth-largest shareholder with a 5.2 percent stake, wants Chief Executive Gary Halverson gone, and the company to spin off its "riskier" international operations from cash-generating U.S. assets.

  • DIARY - Top economic Events to Mar 22 Friday, 7 Mar 2014 | 7:01 PM ET

    PARIS- Federal Reserve Bank of Philadelphia President Charles Plosser participates in the Global Interdependence Center "Monetary Policy& Banks and the Rise of Global Protectionism" conference in Paris, France- 0945 GMT.

  • NEW YORK, March 7- Copper tumbled 4 percent to a seven-month low on Friday while silver and aluminum lost more than 1 percent each after the first bond default by top metals buyer China sparked global growth concerns.

  • NEW HAVEN, Conn., March 7- A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. "Today's verdict shows plainly and powerfully that Wall Street professionals are not above the law," U.S. Attorney Deirdre Daly in Connecticut said in a statement.

  • March 7- More than 420,000 homes and businesses remained without power in North Carolina and South Carolina on Friday evening due to a winter ice storm with high winds that brought down trees and power lines.

  • CHICAGO, March 7- Hog futures at the Chicago Mercantile Exchange surged 6.5 percent this week on tightening U.S. supplies as a deadly pig virus sweeps the country, traders and industry sources said on Friday.

  • NEW YORK, March 7- Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/ 2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of selling its stake in the fund.

  • The cracks have not been found on in-service planes and therefore posed no flight risk, and the problem will not alter Boeing's plans to deliver 110 787 s this year, the Chicago- based aerospace and defense giant said. However, Boeing said the cracks could delay by a few weeks the date when airlines can take delivery of their new planes.

  • Using fresh data, NERA Economic Consulting concluded again that gas exports would increase real household income and gross domestic product in the United States, despite raising natural gas prices.

  • March 7- The U.S. Food and Drug Administration has asked Regeneron Pharmaceuticals Inc and Sanofi SA to assess potential neurocognitive side effects of their experimental cholesterol drug, Sanofi said in its annual report on Friday.

  • NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.

  • ATHENS, March 7- Greece and its international lenders will miss a self-imposed March 10 deadline to clinch a deal that will release the next tranche of the country's rescue loans, three senior Greek government sources said late on Friday.

  • WASHINGTON, March 7- The Obama administration said on Friday Verizon Communications Inc's Terremark unit will remain under contract as host of the federal website HealthCare.gov to better ensure a smooth end to Obamacare's open enrollment period on March 31.

  • DETROIT, March 7- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne made salary and stock awards worth $307,989 last year for heading Chrysler Group LLC, according to a filing with U.S. regulators by the American automaker on Friday. Fiat SpA, based in Italy, and Chrysler Group LLC, headquartered in Michigan, were merged in January.

  • *Soybeans rally as export demand tightens supplies. *Wheat to 3- month high on short covering, Ukraine jitters. Wheat futures hit a three-month top on follow-through technical buying after strong gains this week and jitters about political instability in Ukraine, a major corn and wheat exporter.

  • WASHINGTON, March 7- Tax collections for Washington, D.C., for the fiscal 2014 year are running below last year's as many revenue areas drop, according to a city finance office report released on Friday. For the fiscal year that began on Oct. 1, 2013, tax collections were down $44.7 million, or 3.2 percent, from the same period the year before.

  • *Putin rebuffs Obama as Ukraine crisis escalates. NEW YORK, March 7- U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher.

  • *Russia says US sanctions over Ukraine would boomerang back. NEW YORK, March 7- U.S. oil rose more than $1 a barrel on Friday as Western relations with Russia worsened over the crisis in the Ukraine and U.S. job growth accelerated by more than expected in an upbeat sign for oil demand.

  • BofA executives' pay rose 12 percent in 2013 Friday, 7 Mar 2014 | 4:33 PM ET

    March 7- Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.