Latest Business News Wires - Business Headlines


  • BOGOTA, April 14- The rally in Colombia's capital markets is set to extend at least through 2014, possibly buffering the impact from monetary tightening in the United States but also leading to more volatility, analysts said.

  • NEW YORK, April 14- U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.

  • *Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen will nearly halve its product line and focus investment on new technology in an attempt to return to profit, the struggling carmaker's new boss Carlos Tavares said on Monday.

  • April 14- Citigroup Inc posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high. The biggest boon to Citigroup's first-quarter results came from Citi Holdings, the unit that houses the assets it's looking to shed.

  • April 14- Twitter Inc co-founders, Jack Dorsey and Evan Williams, and Chief Executive Richard Costolo have informed U.S. regulators that they did not plan to sell the microblogging company's shares after post-IPO restrictions are lifted in May.

  • April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.

  • LONDON/ SINGAPORE, April 14- Nickel hit its highest in nearly 14 months on Monday on Indonesia's ore export ban, now in its third month, and on the prospect of tougher sanctions on Russia over its actions towards Ukraine. On Monday, it an hit an intraday high of $17,917 a tonne- its strongest since Feb. 19 last year- before retreating to $17,845 by 1432 GMT, up 2.56 percent.

  • *Ukraine's ultimatum to separatists saps risk appetite earlier. LONDON, April 14- Global equities rose on Monday on robust U.S. retail sales data, rebounding from last week's steep decline, while the euro fell, prompted by the European Central Bank's strongest signal yet that it would ease policy to cool the single currency.

  • NEW YORK, April 14- The dollar rose against the euro on Monday after European Central Bank President Mario Draghi signaled the bank would ease monetary policy further, while strong U.S. retail sales data also boosted the dollar against the yen.

  • April 14- Shares of medical device maker Medtronic Inc fell as much as 6 percent after a U.S. court temporarily halted sales of its aortic heart valve replacement system in the country.

  • *FTSEurofirst 300, Euro STOXX 50 both flat. LONDON, April 14- Cyclical shares weighed on European bourses on Monday as tensions in Ukraine and volatile global markets prompted investors to take a more cautious stance on growth and cash in on some of the best performers of the past nine months.

  • NEW YORK, April 14- U.S. stocks bounced back on Monday, following a sharp selloff last session, with earnings results from Citigroup and retail sales data lifting sentiment while traders kept tabs on the possible escalation of hostilities in Ukraine.

  • *Deal will enable Glencore to expand in upstream sector. LONDON, April 14- Mining company Glencore Xstrata has agreed to buy Chad- focused oil company Caracal Energy for about 800 million pounds, a deal that will allow the commodity giant to expand upstream in the oil sector.

  • *Seen as key for expansion of Angola's oil industry. PARIS/ LUANDA, April 14- France's Total said it would go ahead with a deepwater project offshore Angola after cutting its cost to $16 billion, keeping Africa's No.2 producer on track to expand its oil industry.

  • SpaceX poised for space station cargo run Monday Monday, 14 Apr 2014 | 10:17 AM ET

    CAPE CANAVERAL, Fla., April 14- Privately owned Space Exploration Technologies is preparing for a cargo run to the International Space Station, with launch of its unmanned Falcon 9 rocket and Dragon capsule set for Monday.


  • U.S. business inventories point to slower Q1 growth Monday, 14 Apr 2014 | 10:00 AM ET

    WASHINGTON, April 14- U.S. business inventories rose a bit less than expected as sales rebounded, suggesting a slow pace of restocking could weigh on economic growth in the first quarter. The Commerce Department said on Monday inventories increased 0.4 percent in February after rising by the same margin in January.

  • BEIJING, April 14- A Chinese government team will probe a local unit of French firm Veolia Environnement suspected of delaying reporting water contamination which affected supplies in a major northwestern city, state radio said on Monday.

  • Canada taxpayer data stolen in Heartbleed breach Monday, 14 Apr 2014 | 9:54 AM ET

    OTTAWA, April 14- Canada's tax-collection agency reported on Monday that the private information of some 900 people had been stolen from its computer systems as a result of vulnerabilities caused by the' Heartbleed' bug.

  • April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock. Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday close on the New York Stock Exchange.