Latest Business News Wires - Business Headlines


  • NEW YORK, March 27- Lehman Brothers Holdings Inc plans next week to distribute about $17.9 billion to creditors, boosting its total payout to roughly $80.4 billion since it left its record bankruptcy, which helped trigger the global financial crisis.

  • March 27- Accenture Plc warned that weakness in its consulting business that hurt second-quarter results would carry on though the year, sending its shares down as much as 8 percent.

  • *All retail supplies recalled in U.S. and Puerto Rico. LONDON, March 27- GlaxoSmithKline is recalling all supplies of its non-prescription weight-loss drug Alli in the United States and Puerto Rico after customers reported finding other pills and tablets in some bottles.

  • WASHINGTON, March 27- The Obama administration on Thursday announced details of its plan to end the government's vast bulk collection of data about phone calls made in the United States, including new procedures to get judicial approval before asking companies for such records.

  • The EU and euro member was worried its close links between the two would be put to the test when Europe and the United States started talking about sanctions on Russia to protest its seizure of the Ukrainian territory of Crimea.

  • March 27- Shares of cloud-based payroll processor TriNet Group Inc rose as much as 21 percent in their market debut, valuing the company at about $1.32 billion. TriNet's shares opened at $18.50 and touched a high of $19.39, making the stock the percentage gainer on the New York Stock Exchange on Thursday.

  • BANGALORE, March 27- The European Union's banking reforms will boost interbank business but won't end bailouts of failing lenders, economists polled by Reuters say.

  • TRIPOLI, March 27- Pakistani sea captain Mirza Noman Baig knew he was trapped when dozens of fighters armed with rifles boarded his tanker just off a rebel-held port on Libya's coast.

  • WASHINGTON, March 27- The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill.

  • *New Zealand dollar hovers near 2 1/ 2- yr high. NEW YORK, March 27- The dollar edged higher against the euro and the yen on Thursday after upbeat U.S. economic data, while the New Zealand dollar hovered near a 2-1/ 2- year high after economic data and hints that the country's central bank could raise interest rates.

  • March 27- A federal data-sharing system meant to prevent healthcare providers banned from one state's Medicaid program from billing another state's program isn't working as intended, according to the U.S. Department of Health and Human Services Office of the Inspector General.

  • WASHINGTON, March 27- The International Monetary Fund, which on Thursday approved a new aid package for Ukraine, said it does not see a need to restructure the country's debt at this time. "We've consulted widely in Ukraine across the political spectrum," he said. "

  • *LME taking legal advice on options, possible appeal. LONDON, March 27- Russian aluminium producer Rusal dealt a stunning setback to London Metal Exchange plans to cut logjams in warehouses, winning a court decision to halt the reform because consultations had been "unfair and unlawful".

  • GENEVA, March 27- China lost its bid to overturn U.S. legislation targeting unfair trade subsidies on Thursday, its second defeat in a World Trade Organization dispute within 24 hours. "The WTO report preserves the ability of the United States to remedy unfair subsidies and dumping by China, for the benefit of American businesses and workers."

  • *For poll data see or. *Economists unanimous in expecting no policy change on April 10. LONDON, March 27- The Bank of England's assessment of how much slack there is in the British economy is probably correct, most economists polled by Reuters said, but some were unconvinced.

  • *Citigroup shares slump after Fed rejects capital plan. Markets were also pressured by a steep decline in Citigroup Inc shares, which suffered their biggest daily drop since November 2012 after the Federal Reserve rejected the bank's capital plan.

  • SAN ANTONIO, March 27- Japan's SoftBank Corp is in talks with Dish Network Corp on a fixed wireless broadband partnership, the chief executive officer of SoftBank told Reuters on Thursday. "They have the satellite and we have the network that we can collaborate on.

  • March 27- No single data point will determine when the Federal Reserve finally tightens its policy, a top U.S. central banker said on Thursday, reinforcing the notion stressed by Chair Janet Yellen that a "wide range" of factors would be considered.


  • Online payroll processor TriNet's shares rise in debut Thursday, 27 Mar 2014 | 10:02 AM ET

    March 27- Shares of cloud-based payroll processor TriNet Group Inc rose as much as 16 percent in their market debut, valuing the company at about $1.26 billion. TriNet's shares opened at $18.50 on the New York Stock Exchange on Thursday. JP Morgan, Morgan Stanley and Deutsche Bank were lead underwriters to the offering.