Latest Business News Wires - Business Headlines


  • WASHINGTON, March 13- An International Monetary Fund team in Kiev will begin negotiations with Ukrainian authorities about an economic reform program, the IMF's chief said on Thursday. An IMF team has been in Kiev since March 4 to gather data about the government's finances.

  • SHANGHAI, March 14- Waning popularity and a wounded reputation are likely to dull the edge of China's consumer day TV expose when it airs on Saturday, offering some relief for companies that have in the past taken pains to avoid any fallout from the once-a-year show.

  • *Few pointed questions from lawmakers apart from Citi query. WASHINGTON, March 13- Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S.

  • NEW YORK, March 13- The richest Americans are increasing their ranks and putting the recession of 2008 and 2009 behind them, according to an annual study by the Chicago- based Spectrem Group.

  • March 13- Teen apparel retailer Aeropostale Inc reported its fifth straight quarterly loss, hurt by a 15 percent fall in same-store sales, and said it entered into a deal with private equity firm Sycamore Partners for a 5 percent stake. Aeropostale shares fell 13 percent in extended trading on Thursday.

  • Mobile data service revenue reached $90 billion last year and accounted for more than 50 percent of revenues for wireless companies in the final quarter of 2013, according to research published by Chetan Sharma Consulting late Wednesday.

  • Virginia has reported positive samples of the virus in the environment, but not yet in a hog herd, according to data released on Thursday by the U.S. Department of Agriculture's National Animal Health Laboratory Network.

  • WASHINGTON, March 13- Two U.S. senators urged the U.S. Department of Agriculture to approve disaster assistance for small pork producers affected by a deadly virus that has killed more than four million pigs across the United States in the past year.

  • March 13- Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in U.S. court, alleging that they improperly colluded in the run-up to a union election in Tennessee that the UAW lost.

  • March 13- Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and U.S. heads of the unit, the Financial Times reported, citing sources.

  • March 13- Teen apparel retailer Aeropostale Inc reported its fifth straight quarterly loss, hurt by a 15 percent fall in same-store sales, and said it entered into a deal with private equity firm Sycamore Partners for a 5 percent stake.

  • Canada to offer Ukraine C$220 million in economic aid Thursday, 13 Mar 2014 | 4:20 PM ET

    OTTAWA, March 13- Canada will offer C $220 million in aid to Ukraine to help promote sustainable economic growth and good governance, Foreign Minister John Baird said on Thursday. He told reporters that C $200 million would be in the form of a loan or a loan guarantee based on a broader package that included support from the International Monetary Fund.

  • WINNIPEG, Manitoba, March 13- Two junior potash producers working in unusual locations look set to shake off the most bearish industry conditions in five years and open new mines, helped by their proximity to Brazil and Africa, two of the world's most promising but under-served fertilizer markets.

  • NEW YORK, March 13- U.S. stocks tumbled on Thursday, with the S&P 500 suffering its worst day since early February, on rising tension between Ukraine and Russia and concerns about a slowdown in China.

  • COLUMN-Candy Crush and the moat fallacy: James Saft Thursday, 13 Mar 2014 | 4:03 PM ET

    March 13- A game involving "moving candies to make a line of three in the same color" seems like an excellent basis for a $7.6 billion IPO to me. That game is' Candy Crush,' which is the principal ornament and money maker of King Digital Entertainment, a Dublin- based company planning a share offering this month.

  • NEW YORK, March 13- The yen rose against the euro and the dollar on Thursday after U.S. Secretary of State John Kerry signaled a possible response from the West if a referendum in Ukraine's Crimea region goes ahead on Sunday.

  • KUALA LUMPUR/ WASHINGTON, March 14- Satellites picked up faint electronic pulses from Malaysia Airlines Flight 370 after it went missing on Saturday, but the signals gave no information about where the stray jet was heading and little else about its fate, two sources close to the investigation said on Thursday.

  • SAN FRANCISCO/ SEATTLE, March 13- It may be one of Microsoft Corp's biggest squandered opportunities. The speed with which apps like Quip have been adopted is forcing Microsoft to intensify its efforts to bring the powerful but ageing Office software suite to tablets and smartphones, according to people close to the company.

  • Transportation Secretary Anthony Foxx on Thursday promised an "aggressive investigation" into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led to 12 deaths.

  • *Ukraine tensions increase; China data adds to more worries about slowdown. NEW YORK, March 13- World stock indexes dropped and the yen climbed against the dollar and euro on Thursday as concerns increased over the trajectory of the crisis in Ukraine.