Latest Business News Wires - Business Headlines


  • LIPPER AWARDS-The moving target of target-date funds Friday, 21 Mar 2014 | 12:01 AM ET

    NEW YORK, March 21- If there has been a grand-slam home run among investment products in recent years, it is the target-date retirement fund. Their popularity has proved eye-popping since they came into vogue, especially since 2006 when they were approved by Congress as default investment options in 401 plans.

  • Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo- based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 million at today's prices.

  • Brent falls towards $106; on track for fourth weekly loss Thursday, 20 Mar 2014 | 11:38 PM ET

    *Washington includes 20 prominent Russian business men to sanctions list. SINGAPORE, March 21- Brent crude fell towards $106 per barrel on Friday, on track for a fourth weekly loss weighed down by a stronger dollar and seasonal slump in demand, while fresh U.S. sanctions against Russia could inject a new risk premium into the market.

  • Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo- based digital currency exchange filed for bankruptcy protection saying it had lost about $500 million worth of bitcoin, nearly all its holdings. Gox made the announcement on its website.

  • WASHINGTON/ SYDNEY, March 21- Delays in identifying satellite images that may show debris of a missing Malaysian plane in the southern Indian Ocean were due to the vast amounts of data that needed to be analysed, Australian authorities and the U.S. company that collected the images said.

  • China's yuan falls to 13-mth low after weaker fix Thursday, 20 Mar 2014 | 10:16 PM ET

    HONG KONG, March 21- China's yuan fell to a 13- month low on Friday and was set to post its biggest weekly fall after the central bank lowered the midpoint of its permitted trading range, which is seen as a signal of official comfort with the currency's recent losses.

  • What does U.S. know about Putin's oil wealth? Thursday, 20 Mar 2014 | 10:08 PM ET

    NEW YORK, March 20- The most startling part of Washington's sanctions on Russian businessmen loyal to President Vladimir Putin may be a single sentence that contains an explosive allegation: that Putin himself profits from the world's No. 4 oil trading company, Gunvor.

  • UPDATE 1-Obama pledges to address gender pay gap Thursday, 20 Mar 2014 | 10:05 PM ET

    ORLANDO, Fla., March 20- President Barack Obama used a speech at a community college on Thursday to begin a series of events highlighting economic issues affecting women such as the gender pay gap in which women earn three-quarters as much as their male counterparts. The White House plans similar events in Denver, Boston, Chicago, San Francisco, and New York.

  • *Energy firms urged to do more to limit water use. *Water under strain from rising population, climate change. OSLO, March 21- Rising demand for energy, from biofuels to shale gas, is a threat to freshwater supplies that are already under strain from climate change, the United Nations said in a report on Friday.

  • METALS-Copper prices edge up; China worries curb gains Thursday, 20 Mar 2014 | 10:00 PM ET

    SYDNEY, March 21- London copper climbed half a percent on Friday but was set to close the week little changed and not far from three-and-a-half year lows, as worries about China's economy clouded the outlook for demand. *The most-traded June copper contract on the Shanghai Futures Exchange rose by 0.7 percent to 45,200 yuan a tonne.

  • *Asia shares aided as Wall St recoups post-Fed losses. SYDNEY, March 21- Asian markets found their footing on Friday after Wall Street shook off concerns about Federal Reserve policy, while this week's spike in U.S. yields kept the dollar underpinned near three-week highs.

  • Hours after Washington slapped sanctions on 20 of Russian President Vladimir Putin's closest long-time political and business allies, Swiss-based trading firm Gunvor announced that Timchenko had sold his stake in the firm to Chief Executive Officer Torbjorn Tornqvist earlier this week in order to "ensure with certainty the continued and uninterrupted operations" of Gunvor.

  • SAN FRANCISCO, March 20- California has become a major U.S. target of cyber crimes committed by outlaw groups with ties to Eastern Europe, China and Africa, according to a report by state Attorney General Kamala Harris released on Thursday.


  • NEW YORK, March 20- Minutes after the U.S. government said Thursday it would punish the Russian co-owner of the world's No.4 private oil trading firm Gunvor SA with crippling sanctions, traders and bankers active in global oil markets began asking urgent questions.

  • Tentative CN Rail, union labor deal fails ratification Thursday, 20 Mar 2014 | 8:46 PM ET

    TORONTO, March 20- A tentative labor agreement between the Canadian National Railway and the train conductors union narrowly failed ratification, the two parties said late on Thursday.

  • SINGAPORE, March 21- Gold edged up in thin trade on Friday but was on track for its biggest weekly fall since September as the dollar firmed after the U.S. It briefly rose to a six-month top of $1,391.76 on Monday on tensions in Ukraine and concerns about growth in China.


  • NYMEX-U.S. crude extends losses on ample supply Thursday, 20 Mar 2014 | 8:26 PM ET

    SINGAPORE, March 21- U.S. crude extended losses in early Asian trading below $99 per barrel, as ample supply and a stronger dollar outweighed positive economic data in the world's largest oil consumer.

  • BRUSSELS, March 20- European leaders added 12 people to a list of those subject to travel bans and asset freezes for their part in Russia's seizure of Crimea on Thursday and begin preparations for economic sanctions if Russia expands its footprint in Ukraine.