Latest Business News Wires - Business Headlines


  • Tera Exchange announces first Bitcoin derivative Monday, 24 Mar 2014 | 2:07 PM ET

    WASHINGTON, March 24- TeraExchange said on Monday it had constructed a swap based on the bitcoin virtual currency, a step that would bring the emerging payment system under the oversight of U.S. regulators for the first time. The company said it had shown the contract to the U.S. Commodity Futures Trading Commission, which regulates swaps and futures.

  • OTTAWA, March 24- Quebec police have concluded their investigation into last July's oil-by-rail disaster in the Quebec town of Lac-Megantic in which 47 people were killed, and have turned the file over to the public prosecutor's office, a police spokesman said Monday.


  • March 24- The Walt Disney Co on Monday named ABC News President Ben Sherwood as co-chairman of Disney Media Networks and president of Disney/ABC Television Group, effective Feb. 1, 2015. Effectively immediately, Sherwood will begin making the transition to the new post and will continue to oversee ABC News until a successor is named.

  • *Gold drops on concerns about U.S. rate hike. *Slowing growth in Germany, China weighs on some investors. NEW YORK, March 24- Global equity markets fell on Monday, rattled by the ongoing Ukraine crisis and weak data from China, while gold fell on concerns about higher U.S. interest rates and a stronger dollar.

  • BEIJING, March 25- Companies covered by the carbon emissions trading scheme in China's fast growing city of Shenzhen saw a surplus of 3 million permits in the first year of the market, vice mayor Tang Jie said, meaning around 10 percent of the allowances were unused.

  • WASHINGTON, March 24- A U.S. senator on Monday asked the federal government to force General Motors to establish a fund to compensate consumers affected by a long-running problem that prompted a major recall of some GM vehicles he characterized as "lethally defective."

  • 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.