Latest Business News Wires - Business Headlines


  • Customers receive credits from e-books case and yawn Tuesday, 25 Mar 2014 | 7:24 PM ET

    Customers of Amazon.com Inc and other e-book retailers on Tuesday began receiving notices of their shares of a $166 million settlement with five of the biggest book publishers, all accused of conspiring with Apple Inc to raise e-book prices.

  • HOUSTON, March 25- The Houston Ship Channel, a critical waterway for oil shipments, gradually reopened on Tuesday after a four-day closure that forced at least one big refiner to cut output and caused a backlog of more than 100 vessels.

  • *IRS: Wages, other payments in virtual currency are taxable. *IRS: Gain, loss treatment depends on capital asset status. *Senator Carper: IRS provides tax clarity on bitcoin.

  • Global box office for films rise 4 percent in 2013 Tuesday, 25 Mar 2014 | 6:57 PM ET

    The Chinese box office grew 27 percent to $3.6 billion, becoming the first international market to exceed $3 billion in box office, according to the report released by the Motion Pictures Association of America. The U.S., Canada box office was $10.9 billion from $10.8 billion a year earlier.

  • March 25- Mobile game maker King Digital Entertainment Plc said that its IPO was priced at $22.50 per share, which would value the maker of "Candy Crush Saga" at about $7.08 billion when it goes public on Wednesday.

  • SYDNEY, March 26- China's ambitions to internationalise the renminbi are likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian central banker said on Wednesday.

  • March 25- Mobile game maker King Digital Entertainment Plc's IPO was priced at $22.50 per share, which could value the maker of "Candy Crush Saga" at more than $7 billion, the Wall Street Journal said, quoting a person familiar with the matter.

  • SANTIAGO, March 25- Argentina's government is studying different options to replace its Mirage fighter jets and would like to close a deal this year, Defense Minister Agustin Rossi said on Tuesday. Among those options, Argentina is in talks with Israel regarding Kfir jets.

  • NEW YORK, March 25- More than a dozen tankers carrying some 9 million barrels of crude should soon begin moving into the Port of Houston after officials began to gradually reopen a key waterway that was shut for four days.

  • March 25- The former chief executive officer of Sentinel Management Group Inc was found guilty on Tuesday of defrauding customers out of more than $500 million before the suburban Chicago firm collapsed in August 2007, federal prosecutors said.

  • SAO PAULO, March 25- Brazilian state governor Eduardo Campos, a probable candidate for president in the October election, said the implementation of long-term goals for budget spending and debt reduction are necessary to restore confidence that has been eroding in Latin America's largest economy.

  • WASHINGTON, March 26- Market operators' failure to cooperate to provide the Commodity Futures Trading Commission with adequate data is preventing the regulator from effectively monitoring the global swaps market, according to sources familiar with the matter.

  • SAN FRANCISCO, March 25- Facebook Inc will acquire Oculus VR Inc, a maker of virtual-reality glasses, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal.

  • March 25- Women's apparel retailer Body Central Corp raised doubt about its ability to continue as a going concern after it reported its third straight quarterly loss and negative cash flows from operations. Body Central also said it would expand its credit facility, cut jobs and defer certain capital projects to improve liquidity.

  • NEW YORK/ SAN FRANCISCO, March 25- Top Federal Reserve officials rushed on Tuesday to clarify just when the U.S. central bank would finally tighten monetary policy after comments last week from Fed Chair Janet Yellen intensified a guessing game among investors.

  • The buyout firm is in the final stages of negotiations with Gates' private equity owners, Onex Corp and the Canada Pension Plan Investment Board, and the two sides are aiming to finalize an agreement by early next week, the people said on Tuesday.

  • In the short term, that is expected to benefit larger global competitors, such as Teva Pharmaceutical Industries Ltd, Actavis Plc and Mylan Inc, which will be called upon to supply drugs no longer available from some of their rivals in India, they said.

  • March 25- Facebook Inc said it would acquire Oculus VR Inc, which makes virtual reality headsets, in a deal valued at $2 billion. The deal comprises $400 million in cash and 23.1 million shares of Facebook common stock. The transaction is expected to close in the second quarter of 2014..

  • *Reuters/ Ipsos poll: 67 pct want tougher U.S. auto regulation. WASHINGTON, March 25- U.S. lawmakers are considering calling on former General Motors Co executives and employees from parts supplier Delphi Automotive to testify as they cast a wide net in their probe of GM's recall of 1.6 million vehicles with potentially lethal ignition-switch problems.