Latest Business News Wires - Business Headlines


  • OTTAWA, April 3- The Supreme Court of Canada agreed on Thursday to hear an appeal by Chevron Corp of a lower-court decision that said Ecuadorean villagers could pursue in Ontario their $9.51 billion lawsuit for pollution in the Amazon jungle.

  • E-cig rule coming 'very soon,' U.S. FDA chief says Thursday, 3 Apr 2014 | 2:36 PM ET

    WASHINGTON, April 3- The U.S. Food and Drug Administration is "pushing very hard" to release a proposed rule that would establish its authority over e-cigarettes, the head of the agency said on Thursday amid concerns the products pose a risk to children.

  • April 3- Federal authorities have opened a criminal investigation into a $400 million fraud involving Citigroup's Mexican unit, according to a person familiar with the matter.

  • NEW YORK, April 3- U.S. stocks fell on Thursday afternoon, led by a sharp drop in biotech and momentum stocks, including Facebook, Tesla and Netflix.

  • OTTAWA, April 3- Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest rail operator said on Thursday.

  • U.S. futures regulator CFTC probing speed traders Thursday, 3 Apr 2014 | 2:22 PM ET

    WASHINGTON, April 3- The U.S. Commodity Futures Trading Commission is investigating high-frequency traders to see if they were breaching the derivatives regulator's rules, its chief said on Thursday.

  • So far only Ontario and British Columbia have signed on to the new regime, which provinces are not required to join. Ottawa has tried for decades to persuade Canada's 10 provinces and three territories to create a national regulator similar to the U.S. Securities and Exchange Commission.

  • WASHINGTON, April 3- The U.S. Senate's tax committee approved a package of special-interest tax breaks on Thursday, including three measures that were left off the list two days ago in a brief bipartisan nod toward fiscal reform.

  • *Liberty Media CEO Greg Maffei to leave Barnes& Noble board. April 3- John Malone's Liberty Media Corp said on Thursday it has sold almost all of its stake in Barnes& Noble Inc, ending a nearly three-year bet that the struggling retailer would emerge as a dominant seller of e-books.

  • MILAN, April 3- U.S. fund manager BlackRock, which has been on a shopping spree in Italy over the past six weeks, is now the biggest shareholder in Italian cooperative lender Banco Popolare with a 6.85 percent stake.

  • PARIS, April 3- A French appeals court has upheld the choice of construction and telecoms conglomerate Bouygues to build a new judiciary complex in northern Paris, dismissing a suit by lawyers loath to leave the city centre. Bouygues won the order from the state over two years ago.

  • *Madrid's IBEX surges after strong Spanish PMIs. PARIS, April 3- European shares rose on Thursday, with some benchmark indexes hitting multi-year highs, after the European Central Bank opened the door for unconventional measures to thwart the risk of deflation. Madrid's IBEX rose 1.4 percent to 10,584.1 points, a level not seen in nearly three years.

  • LONDON, April 3- Britain plans to force tobacco firms to sell cigarettes in plain packets without branding to improve public health and cut the number of child smokers, a government minister said on Thursday, dismaying the industry and delighting anti-smoking campaigners.

  • April 3- Canadian department store operator Hudson's Bay Co, which bought U.S. luxury chain Saks Inc last year, forecast weaker-than-expected 2014 earnings as it spends more to build up its online shopping sites.

  • US CFTC pledges swaps relief for public utilities Thursday, 3 Apr 2014 | 12:47 PM ET

    WASHINGTON, April 3- The U.S. Commodity Futures Trading Commission plans to ease its new swaps rules to help public power utilities using swaps to hedge price risk, the head of the derivatives regulator said on Thursday.

  • NEW YORK, April 3 (Reuters)- Brent crude gained $1 on Thursday, widening its premium to U.S. crude, as doubts persisted that a lasting deal was imminent to reopen vital Libyan oil ports. "The Libya news prompted some short-covering" in the Brent-U.S. crude spread, said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut.

  • KIEV, April 3- Ukrainian Prime Minister Arseny Yatseniuk said on Thursday his government expected Russia to limit gas supplies to Ukraine as it steps up pressure on Kiev over energy sales.

  • NEW YORK, April 3- The euro slipped on Thursday after the European Central Bank pledged to use unconventional measures if needed to battle low inflation, and a global gauge of stocks dipped after touching a six-year high.

  • Three-month aluminium on the London Metal Exchange closed up 0.3 percent at $1,834, having earlier touched its highest since Nov. 4 at $1,846. Some investors have been upbeat on aluminium after a series of capacity cutbacks by producers, including U.S. producer Alcoa which shut down 147,000 tonnes in Brazil.

  • BRUSSELS, April 3- European Union regulators have halted their review of Hutchison Whampoa's $1 billion bid for Telefonica's 02 Ireland as they wait for new details of Hutchison's concessions, the EU antitrust chief said on Thursday.