Latest Business News Wires - Business Headlines


  • *Ukraine, China slowdown and copper rout sap risk appetite. LONDON, March 13- The euro hit a new 2-1/ 2 year high against the dollar on Thursday as concerns over China's economy and international tensions over Ukraine took the fizz out of an attempted rebound in riskier assets.

  • EU compromise on airline emissions faces opposition Thursday, 13 Mar 2014 | 8:58 AM ET

    LONDON/ BRUSSELS, March 13- A number of EU politicians plan to vote against a deal to exempt long-haul flights from paying for carbon emissions until the end of 2016 in an attempt to prevent the European Union from bowing to international pressure.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.

  • US STOCKS SNAPSHOT-Futures extend gains after data Thursday, 13 Mar 2014 | 8:34 AM ET

    NEW YORK, March 13- U.S. stock index futures added to gains after data showed weekly initial jobless claims fell to a three-month low and retail sales rose slightly more than anticipated in February.

  • WASHINGTON, March 13- U.S. retail sales rose slightly more than expected in February, pointing to some strength in the economy after harsh weather abruptly slowed activity in recent months. The Commerce Department said on Thursday retail sales increased 0.3 percent last month as receipts rose in most categories.

  • U.S. import prices post largest gain in a year Thursday, 13 Mar 2014 | 8:34 AM ET

    WASHINGTON, March 13- U.S. import prices rose more than expected and recorded their largest gain in a year in February as petroleum soared, but there was little sign of a broad pick-up in imported inflation. The Labor Department said on Thursday import prices increased 0.9 percent last month, the biggest rise since February last year.

  • The Montreal- based company offers discounted air fares and vacation packages, competing mainly with WestJet Airlines' WestJet Vacations and Air Canada's Air Canada Vacations. Air Canada warned in February that adverse weather conditions and weakness in the Canadian dollar were likely to hurt its current-quarter earnings and revenue.

  • UPDATE 2-OECD postpones accession talks with Russia Thursday, 13 Mar 2014 | 8:31 AM ET

    The move by the organisation, which includes economic heavyweights such as the United States, Germany, France, Japan and Mexico, is the latest effort to apply pressure on Moscow ahead of a referendum on Sunday in which Ukraine's southern region of Crimea could vote to secede and join Russia.

  • LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.


  • *BMW Q4 automotive EBIT 1.77 bln euros vs 1.68 bln forecast. The investment drive, which includes the launch of the i3 electric vehicle and the next generation of the Mini, will help BMW increase sales again this year in the face of stiff competition from rivals Audi and Mercedes-Benz.

  • *JetBlue to ink pact to continue the service after the sale. *JetBlue shares rise 2.9 pct before the bell. March 13- JetBlue Airways Corp said it would sell its in-flight entertainment business, LiveTV, to French defense company Thales Group for $400 million as it looks to cut costs.

  • Secretive Chinese funds: a potent force in copper rout Thursday, 13 Mar 2014 | 8:15 AM ET

    HONG KONG/ SHANGHAI/ SYDNEY, March 13- Chinese funds taking massive short positions played a powerful role in copper's slide to around four-year lows this week, signalling the growing force of the sector in global commodities markets.

  • LONDON, March 13- European metal products manufacturers are seeing the most favourable conditions for buying copper in over two years as prices drop and the euro strengthens, and some are buying forwards to lock in cheap supply.

  • SIMFEROPOL, Ukraine, March 13- A Ukraine state gas company Chornomornaftogaz official said its rigs off Crimea were not occupied by armed men, after a regional separatist leader said on Thursday that local authorities were guarding the facilities.

  • Europe shares pause after sell-off; UK retailers sag Thursday, 13 Mar 2014 | 8:13 AM ET

    PARIS, March 13- European stocks were steady on Thursday, halting their two-week slide, although a sell-off among UK retailers after a profit warning by Morrison's kept investors on edge. Worries over China's pace of economic growth as well as tensions in Ukraine also weighed on sentiment.

  • Dollar General follows Wal-Mart Stores Inc, Target Corp, Kohl's Corp and other retailers catering to lower-income shoppers in reporting weaker-than-expected sales for what analysts have called a particularly competitive holiday season.

  • March 13- Venaxis Inc said its appendicitis test correctly predicted results in 97 percent of patients in a clinical trial, sending its shares up 25 percent in premarket trade. The company said it expected to finalize its marketing application and submit it to the U.S. Food and Drug Administration in the next few weeks.

  • *Rupiah has been emerging Asia's best currency in 2014. JAKARTA, March 13- Indonesia's central bank left its key reference rate steady at 7.50 percent on Thursday, as widely expected, as inflation is manageable and the rupiah has strengthened significantly this year.

  • *Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. Synchrony Financial filed a $100 million placeholder with the U.S. Securities and Exchange Commission on Thursday and GE said it expects to complete the IPO later this year. Goldman Sachs& Co, JP Morgan, Citigroup and Morgan Stanley are lead underwriters for the IPO, according to the filing.