Latest Business News Wires - Business Headlines


  • DUBLIN, March 6- Ukraine may apply to become a member of the European Union, the centre-right European People's Party is set to declare on Friday, according to a draft statement underscoring the determination of key European capitals to back the country trying to fend off Russian intervention.

  • March 6- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing stock price of $39.47 on the New York Stock Exchange.

  • BERLIN, March 6- Europe's Airbus has ordered more frequent inspections of the wings of the world's largest passenger jet after discovering unexpected levels of metal fatigue during testing on an A380 factory mock-up, industry sources said on Thursday.

  • *First speech ever by an EPA head at CERAWeek. McCarthy's speech in Houston to IHS CERAWeek, the largest meeting of energy executives in the world, was the first by an EPA administrator since the conference began 33 years ago.

  • TEMPLE CITY, Calif., March 6- A reclusive Japanese American man thought to be the father of Bitcoin emerged from his Southern California home and denied any involvement with the digital currency, before leading reporters on a car chase leading to the headquarters of the Associated Press.

  • WASHINGTON, March 6- It could be another two months before the U.S. In an interview, Atlanta Fed President Dennis Lockhart said flatly that the central bank should keep reducing its policy accommodation even if the February jobs report on Friday falls short of expectations, making for three straight months of sub-par hiring in the world's largest economy.

  • U.S. official in charge of Obamacare exchanges resigns Thursday, 6 Mar 2014 | 5:33 PM ET

    WASHINGTON, March 6- A top U.S. healthcare official, accused by Republicans of misleading Congress about the readiness of the Obamacare rollout, will resign from his post at the end of March, officials said on Thursday.

  • *Four plead not guilty to criminal charges, SEC sues. "You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the Dec. 29, 2008 email from chief financial officer Joel Sanders, according to investigators.

  • NEW YORK, March 6- The government's star witness in the criminal trial of five former Bernard Madoff employees is a lifelong liar whose capacity for falsehood rivaled only that of Madoff himself, lawyers for two defendants told a federal jury on Thursday.

  • *Washington looking at ways to overhaul approval process. WASHINGTON, March 6- There are discussions going on at high levels within the U.S. government on how to use U.S. natural gas resources as the country addresses the crisis in Ukraine, U.S.

  • NEW YORK, March 6- U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor redemptions at the fund after some negative returns.

  • UPDATE 9-Brent, U.S. oil rise as Ukraine risks return Thursday, 6 Mar 2014 | 5:10 PM ET

    *Crimean parliament votes to join Russia. President Barack Obama indicated the crisis between Ukraine and Russia, one of the world's biggest oil producers, was not easing as much as traders thought. "The relief sell-off was probably premature in terms of thinking the situation has resolved itself," said John Kilduff, partner at Again Capital, LLC in New York.

  • OVERLAND PARK, Kansas, March 6- Sprint Corp's senior vice president in charge of network infrastructure is leaving the company, the latest in a series of executive reshuffles following the acquisition of the wireless carrier by Japan's SoftBank Corp last year.

  • Cerberus Capital to buy Safeway for about $9.4 bln Thursday, 6 Mar 2014 | 5:06 PM ET

    March 6- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.

  • 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.