Latest Business News Wires - Business Headlines


  • THE HAGUE, March 24- The head of the European Union's policing agency warned on Monday that virtual currencies such as Bitcoin were being used for money laundering and called for police to be given more powers to identify criminal suspects operating on the Internet.

  • GM sued over fatal crash tied to ignition defect Monday, 24 Mar 2014 | 1:39 PM ET

    NEW YORK, March 24- General Motors Co has been hit with what is believed to be the first wrongful death lawsuit over ignition switch problems since it recalled 1.6 million vehicles in February.

  • *Growth forecast cut from 3.3 pct. *But cbank says exports, consumption improving. JERUSALEM, March 24- The Bank of Israel trimmed its 2014 economic growth forecast slightly to 3.1 percent on Monday but kept its main interest rate on hold, saying private consumption and exports were showing signs of picking up.

  • Herbalife shares, which were up 6.8 percent in early afternoon trading, also got a boost from news that rival direct-seller NU Skin Enterprises Inc had been fined just $540,000 by Chinese regulators for illegal sales practices.

  • HOUSTON, March 24- Exxon Mobil Corp cut production at its largest refinery on Monday as the U.S. Coast Guard was preparing for a possible re-opening of the Houston Ship Channel by late afternoon to return the supply of crude oil for more than one-tenth of the nation's refining capacity.

  • March 24- Walt Disney Co on Monday named Ben Sherwood as co-chairman of Disney Media Networks and president of ABC Television Group, effective Feb. 1, 2015. Sherwood, who is currently ABC News President, will replace Anne Sweeney, who announced she was leaving the media conglomerate on March 11.

  • STOCKHOLM, March 24- Swedish prosecutors are investigating the daughter of Uzbekistan's president on suspicion of taking bribes to let Nordic telecoms company TeliaSonera enter the country's market, they said on Monday.

  • *Xero leads charge, now NZ's 2nd- biggest listed company. WELLINGTON, March 25- New Zealand technology firms are rolling into global markets, selling software to businesses that locks down mundane tasks like accounting and expenses, rather than developing slick social media apps that consumers download free of charge.

  • *Treasury to sell $96 bln in 2-, 5-, 7- year notes this week. NEW YORK, March 24- The U.S.

  • LONDON, March 24- Deliveries of tobacco to retailers in Australia rose slightly last year for the first time in at least five years, even after the introduction of plain packaging aimed at deterring smokers, according to industry sales figures released on Monday.

  • NEW YORK/ LONDON, March 24- Gold prices tumbled almost 2 percent to a one-month low on Monday as lingering fears that U.S. interest rates could rise in early 2015 prompted bullion investors to cash in gains made during the metal's recent rally to six-month highs.

  • LONDON, March 24- The palladium-backed exchange-traded fund due to be launched in Johannesburg by Absa Capital on Thursday has already amassed 8,600 ounces of metal to back its shares, Absa's head of exchange-traded products said on Monday.

  • RIO DE JANEIRO, March 24- Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its hydroelectric dams.

  • *Revenues rise 1.3 percent to $307 billion in 2013. LONDON, March 24- Top oil trader Vitol's revenues were flat in 2013 despite higher crude and product volumes as increased competition led to another year of single-digit growth.

  • MOSCOW, March 24- Russia's economy is barely growing, inflation is rising fast, and capital is pouring out of the country, the Economy Ministry said on Monday, a sign that international tensions around Ukraine are already inflicting severe economic costs.

  • *China's manufacturing PMI falls to 8- month low. LONDON/ NEW YORK, March 24- U.S. manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China's factory sector stuttered in the early part of 2014, surveys showed.

  • *To offer 65 million shares at $18- $21 each. *To list shares on NYSE under symbol "IMS". March 24- IMS Health Holdings Inc, backed by TPG Capital Management LP, said it expected to price its initial public offering at $18- $21 per share, valuing the healthcare information company at up to $6.97 billion.

  • *Ukraine crisis, Libya keep market focus on supply risks. NEW YORK, March 24- Brent crude oil edged higher on Monday, as supply concerns over the Ukraine crisis and turmoil in Libya outweighed weaker-than-expected Chinese data that pointed to slowing demand in the world's biggest energy consumer.

  • Momentum stocks like Tesla, Netflix slammed hard Monday, 24 Mar 2014 | 12:03 PM ET
    A Tesla S 85 electric car charges at a supercharging station on the A6 highway on January 21, 2014 near Bad Rappenau, Germany.

    U.S. stocks fell as Ukraine weighed on sentiment and pushed investors to take profits in some of the market's biggest trading favorites.

  • LONDON, March 24- Commodity trader Gunvor has reassured lenders the firm will avoid U.S. sanctions under its new ownership structure as it presses ahead with plans to raise what bankers said would be a $665 million syndicated loan.