Latest Business News Wires - Business Headlines


  • U.S. retail sales post biggest gain in 1-1/2 years Monday, 14 Apr 2014 | 8:32 AM ET

    WASHINGTON, April 14- U.S. retail sales recorded their largest gain in 1-1/ 2 years in March, in the latest sign the economy was emerging from its weather-induced slumber and on track to accelerate in the second quarter.

  • LUXEMBOURG, April 14- The European Union threatened Russia with more sanctions on Monday over its actions in eastern Ukraine, which Britain said was being destabilised by Moscow, although some EU states said diplomacy should be given more time.


  • April 14- Citigroup Inc's quarterly net profit rose 4 percent as a smaller loss on its troubled assets made up for a drop in revenue and profit from its core trading and lending businesses. Citigroup shares rose 3.8 pct to $47.43 in trading before the bell, clawing back some of the 9 percent loss since the Federal Reserve rejected its capital plans on March 26.

  • April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends and limit severance payments for executives. Shareholders California State Teachers' Retirement System and Blue Harbour Group welcomed the steps.

  • LONDON, April 14- Oil rose towards $108 per barrel on Monday on concern that escalating tension between Russia and Ukraine could lead to supply disruption, though prices were capped by the prospect of a recovery in Libyan exports.

  • *Edwards Lifesciences shares rally after court ruling. *Ukraine's acting president threatens military action. NEW YORK, April 14- U.S. stock index futures edged higher on Monday, following a slarge selloff last session, with earnings results from Citigroup lifting sentiment while traders kept tabs on the possible escalation of hostilities in Ukraine.

  • April 14- Health information provider WebMD Health Corp said it expected its quarterly results to top its earlier forecast due to an improvement in sales, sending the company's shares up as much as 13 percent in premarket trading.


  • First-quarter adjusted net income rose to $4.15 billion, or $1.30 per share, from $4.00 billion, or $1.29 per share a year earlier, the third-largest U.S. bank said on Monday. The adjusted net loss from Citi Holdings, which holds the bank's portfolio of troubled assets left over from the financial crisis, eased to $292 million from $798 million a year earlier.

  • *Ukraine's Monday ultimatum to separatists saps risk appetite. *Wall Street eyes first big week of Q1 earnings. LONDON, April 14- There was no let-up for bruised share markets on Monday as growing fears of a military conflict in Ukraine followed last week's heavy sell-off on Wall Street, Tokyo and major European exchanges.

  • *Corn firms on Ukraine fears, soybean prices rebound. PARIS/ SYDNEY, April 14- U.S. wheat futures rose as much as 2 percent on Monday as tensions escalated in Ukraine, stoking fears of potential disruptions in supply from one of the world's largest exporters.

  • April 14- Liquid natural gas supplier Stabilis Energy said on Monday it would buy most of the U.S. assets of Encana Natural Gas Inc, a unit of Canada's Encana Corp, for an undisclosed price.

  • April 14- Asset manager TIAA-CREF will buy rival Nuveen Investments for $6.25 billion including debt, the Wall Street Journal reported, quoting top executives from both companies. The transaction, set to be officially announced Monday, would create a firm with nearly $800 billion under management, the Journal reported.

  • LONDON/ SINGAPORE, April 14- Nickel hit its highest level in more than a year on Monday because of an Indonesian ore export ban, now in its third month, and the prospect of tougher sanctions on Russia, which could include its commodities.

  • LONDON, April 14- British Prime Minister David Cameron and German Chancellor Angela Merkel on Monday called on Russia to unequivocally condemn the occupation of government buildings in eastern Ukraine.

  • GENEVA, April 14- The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 percent on Monday, saying it did not expect a return to the historical trend level of 5.3 percent until 2015..

  • Nabors to split CEO, chairman roles Monday, 14 Apr 2014 | 7:20 AM ET

    April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends, following shareholder requests. Nabors also said it was limiting severance payments for executives to 2.99 times their salary and bonus.

  • Airlines warm to web-surfing in the friendly skies Monday, 14 Apr 2014 | 7:17 AM ET

    Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.

  • April 14- Lexicon Pharmaceuticals Inc said its experimental drug to treat diabetes met the main goal of reducing the use of insulin at meal times in a mid-stage study on patients with type 1 diabetes. The company's shares rose 19.5 percent to $1.90 in trading before the bell.