Latest Business News Wires - Business Headlines


  • WASHINGTON, Feb 27- Freddie Mac said on Thursday it will soon send the U.S. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion more in dividends than the $71.3 billion it received from the Treasury when it was bailed out during the financial crisis.

  • FOREX-Yen, franc profit from emerging nerves Thursday, 27 Feb 2014 | 7:57 AM ET

    *Euro suffers from safe haven bid on China, Ukraine nerves. LONDON, Feb 27- The yen and the Swiss franc rose on Thursday as jitters over the chance of Russian intervention in Ukraine added to concern around global emerging markets and drove capital towards the currency world's traditional safe havens.

  • Ousted Ukraine president offered Russian sanctuary-reports. MOSCOW, Feb 27- Russian stocks plunged for a second day and the rouble sank to a five-year low against the dollar on Thursday, as investors took fright at unrest in Ukraine's Crimea region and sabre-rattling by neighbouring Russia.

  • *Italy sells 9 bln euro of debt, including new 10- yr benchmark. LONDON/ MILAN, Feb 27- Italy's 10- year borrowing costs slid to their lowest in over 8 years at a hefty bond sale on Thursday, in a further endorsement by investors of the new government's ambitious reform plans.

  • Feb 27- Best Buy Co Inc reported a better-than-expected quarterly profit Thursday on lower expenses and said it was running ahead of plan in terms of cutting costs, sending its shares up 6 percent in premarket trading.

  • Feb 27- Cable TV network AMC Networks Inc reported a 19 percent jump in quarterly revenue that handily beat Street estimates, helped by the popularity of "The Walking Dead."

  • LONDON, Feb 27- Madame Tussauds waxworks is coming to Beijing while Dubai will get a Legoland theme park under an international expansion drive by Britain's Merlin Entertainments, which announced its maiden results as a listed company on Thursday.

  • SAO PAULO, Feb 27- Brazil's economy avoided a recession with a surprising recovery in the final months of last year, but falling industrial output highlighted yet again the fragile state of one of the world's largest emerging markets.

  • Mt.Gox customers could be out of luck, experts warn Thursday, 27 Feb 2014 | 7:38 AM ET
    A bitcoin trader is surrounded by reporters as he protests against Tokyo-based bitcoin changer Mt.Gox in front of the company's office.

    Bitcoin exchange customers may have little chance of recovering their funds if they prove to be missing, according to legal and regulatory experts.

  • Mortgage servicer Ocwen's profit rises 60 pct Thursday, 27 Feb 2014 | 7:36 AM ET

    Net income attributable to common shareholders rose to $104.3 million, or 74 cents per share, for the fourth quarter ended Dec. 31, from $65.2 million, or 47 cents per share, a year earlier.

  • *J.C. Penney and Best Buy rally in premarket after results. NEW YORK, Feb 27- U.S. stock index futures fell on Thursday, with the S&P 500 poised to recede further from record levels amid political uncertainty in Ukraine and ahead of comments from Federal Reserve Chair Janet Yellen.

  • American Airlines drops bereavement fares Thursday, 27 Feb 2014 | 7:26 AM ET

    American Airlines has ended its policy of extending special fares to passengers who must book a last-minute flight because of a relative's death.

  • Feb 27- The founders of private equity firm Carlyle Group LP each received $92.9 million in dividends and salaries in 2013, a regulatory filing showed, up from $57.6 million in 2012..

  • Costs cuts boost Best Buy's quarterly profit Thursday, 27 Feb 2014 | 7:22 AM ET

    Feb 27- Best Buy Co Inc, the world's largest consumer electronics chain, on Thursday reported a quarterly profit on lower costs. Net earnings from continuing operations were $310 million, or 88 cents a share, in the fourth quarter ended on Feb. 1, compared with a net loss of $461 million, or $1.36 a share, a year earlier.

  • TORONTO, Feb 27- Toronto-Dominion Bank said on Thursday its first-quarter profit rose 15 percent on the back of stronger wholesale banking and U.S. retail banking income, and the lender boosted its dividend by 9 percent.

  • Kohl's expects modest sales gains in new fiscal year Thursday, 27 Feb 2014 | 7:15 AM ET

    Feb 27- Kohl's Corp said on Thursday that it expected modest sales gains in its new fiscal year and reported a lower fourth-quarter profit, hurt by markdowns during the holiday season and higher shipping costs in its e-commerce business.

  • LONDON, Feb 27- Britain's financial regulator has issued its third warning notice to date to an individual trader for "significant failings" over nearly two years, as part of an investigation into manipulation of benchmark interest rates.

  • Feb 27- Cable TV network AMC Networks Inc reported a 19 percent jump in quarterly revenue as more people watched the latest season of its popular show "The Walking Dead" and continued success of "Breaking Bad." The company's net income rose to $35.4 million, or 49 cents per share, compared with $15.2 million, or 21 cents per share, a year earlier.

  • UPDATE 1-Valeant swings to profit on Bausch & Lomb buy Thursday, 27 Feb 2014 | 7:08 AM ET

    Feb 27- Valeant Pharmaceuticals International Inc, Canada's largest listed drugmaker, swung to a quarterly profit driven by the acquisition of contact lens maker Bausch& Lomb Holdings Inc.. Valeant's net income attributable to the company was $123.8 million, or 36 cents per share, for the fourth quarter ended Dec. 31.

  • Pacira pain drug succeeds in late-stage trial Thursday, 27 Feb 2014 | 7:07 AM ET

    Feb 27- Pacira Pharmaceuticals Inc said a late-stage trial testing its drug Exparel for a wider use showed the treatment significantly reduced pain compared to placebo in knee surgery patients. Exparel is already approved for use in managing post-surgical pain when administered directly at the site of the pain.