Latest Business News Wires - Business Headlines


  • Boeing Co, for instance, expects a large percentage of its U.S. workers to retire in a few years and does not see a ready pool of replacements, said Dennis Muilenburg, president and chief operating officer.

  • WASHINGTON, March 13- Raising the retirement age and scrapping regressive taxes such as deducting the interest on mortgages can help richer governments address income inequality without straining their pocketbooks, IMF staff said in a paper on Thursday.

  • The Center for Food Safety said on Thursday that it believes the USDA may have succumbed to outside pressure, possibly from Monsanto Co., the developer of the genetic trait in the biotech alfalfa.

  • BOSTON/ WASHINGTON, March 13- Target Corp's security software detected potentially malicious activity during last year's massive data breach, but its staff decided not to take immediate action, the No. 3. U.S. retailer said on Thursday.

  • BRASILIA, March 13- Brazil will provide an extra 4 billion reais this year to help power distributors struggling with surging power costs caused by a drought and allow gradual electricity rate hikes next year, authorities announced on Thursday.

  • NEW YORK, March 13- European buyout firm Charterhouse Capital Partners LLP is in advanced talks to acquire education software provider Skillsoft Ltd for more than $2 billion, people familiar with the matter said on Thursday.

  • Castlight Health prices IPO at $16/shr - underwriter Thursday, 13 Mar 2014 | 6:28 PM ET

    March 13- Castlight Health Inc's initial public offering was priced at $16 per Class B share, slightly above the company's expected range, an underwriter told Reuters. Castlight Health raised about $178 million after it sold all 11.1 million shares offered.

  • SYDNEY, March 14- Safe haven currencies like the Swiss franc and yen got off to a flying start on Friday, having surged overnight as tensions in Ukraine flared up and worries about the health of the Chinese economy continued to fester.

  • HOUSTON, March 13- The U.S. government lifted a ban on Thursday that excluded BP from new federal contracts, after the British oil major filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill.

  • NEW YORK, March 13- A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.

  • March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.

  • SANTIAGO, March 13- Chile's central bank cut its key interest rate on Thursday to boost economic growth, and suggested more reductions could be in the pipeline if domestic and external macroeconomic conditions merit it.

  • WASHINGTON, March 13- The leaders of the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac will not determine whether their investors can share in the companies' renewed profitability, the panel's top Republican said on Thursday in a televised interview.

  • *Russia holds war games near Ukraine; Germany's Merkel warns of catastrophe. NEW YORK, March 13- Stocks on major world markets slumped while bonds rallied on Thursday as tensions between Russia and the West increased over Ukraine and concerns about a Chinese economic slowdown rose.

  • If, as some expect, the U.S. Labor Department reverts to a classification test it used before 2004, it would likely make more workers overtime-eligible, and a new round of litigation could result as companies sort out employee reclassifications.

  • Herbalife postpones shareholders meeting to April 29 Thursday, 13 Mar 2014 | 5:43 PM ET

    March 13- Nutritional products company Herbalife Ltd, which is being investigated by the Federal Trade Commission, said it postponed its annual shareholders' meeting to April 29 to continue discussions with Carl Icahn about new board nominees.

  • NEW YORK, March 13- A former analyst affiliated with billionaire Steven A. Cohen's SAC Capital Advisors LP has agreed to pay more than $203,000 and be banned from the securities industry to settle insider trading charges by the U.S. Securities and Exchange Commission.

  • WASHINGTON/ PARIS, March 13- Communications satellites picked up faint electronic pulses from Malaysia Airlines Flight 370 after it went missing on Saturday, but the signals gave no information about where the stray jet was heading and little else about its fate, two sources close to the investigation said on Thursday.

  • SAN FRANCISCO, March 13- Facebook Inc Chief Executive Mark Zuckerberg blasted the U.S. government's electronic surveillance practices on Thursday, saying he'd personally called President Barack Obama to voice his displeasure.

  • BOSTON/ WASHINGTON, March 13- Target Corp's security software detected potentially malicious activity during last year's massive data breach but its staff decided not to take immediate action, the No. 3. U.S. retailer said on Thursday.