Latest Business News Wires - Business Headlines


  • WRAPUP 1-U.S. retail sales rebound, jobless claims fall Thursday, 13 Mar 2014 | 9:23 AM ET

    WASHINGTON, March 13- U.S. retail sales rebounded in February and new applications for unemployment benefits hit a fresh three-month low last week, suggesting some strength in the economy after harsh weather abruptly slowed activity in recent months.

  • ISLAMABAD, March 13- Saudi Arabia loaned $1.5 billion to Pakistan last month to help Islamabad shore up its foreign exchange reserves, meet debt-service obligations and undertake large energy and infrastructure projects, Pakistani officials have told Reuters.

  • LONDON, March 13- Oil held near $108 a barrel on Thursday as weaker-than-expected Chinese economic data offset worries about disruption of supply prompted by the stand-off between Russia and Western powers over Ukraine.

  • *Policymaking lapses hurt Nigeria, Ghana. *Investors becoming more discerning on Africa. LONDON, March 13- Foreign investors' growing presence in sub-Saharan African financial markets has made those assets more vulnerable to contagion from losses in bigger emerging markets and problems on the home turf are not helping.

  • UPDATE 2-GE credit card unit files to go public Thursday, 13 Mar 2014 | 9:11 AM ET

    *Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.

  • LONDON, March 13- "We believe commercial shale gas extraction should only go ahead in the United Kingdom if it can be objectively demonstrated that the regulatory framework is fit for purpose," six leading conservation organisations wrote in a report on Thursday.

  • Amazon raising annual Prime membership fee to $99 Thursday, 13 Mar 2014 | 9:07 AM ET

    March 13- Amazon.com Inc told customers on Thursday that the annual membership fee for its Prime shipping and media streaming service would go up to $99 from $79 next week, the first time it has increased the price since the service began in 2005..

  • SOFTS-Coffee firms, near 2-year peak, sugar dips Thursday, 13 Mar 2014 | 9:05 AM ET

    LONDON, March 13- Arabica coffee futures rose and traded near a two-year high, underpinned by concerns over drought in Brazil, while cocoa edged up on expectations of a global deficit and firm demand.

  • *Ukraine, China slowdown and copper rout sap risk appetite. LONDON, March 13- The euro hit a new 2-1/ 2 year high against the dollar on Thursday as concerns over China's economy and international tensions over Ukraine took the fizz out of an attempted rebound in riskier assets.

  • EU compromise on airline emissions faces opposition Thursday, 13 Mar 2014 | 8:58 AM ET

    LONDON/ BRUSSELS, March 13- A number of EU politicians plan to vote against a deal to exempt long-haul flights from paying for carbon emissions until the end of 2016 in an attempt to prevent the European Union from bowing to international pressure.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.

  • US STOCKS SNAPSHOT-Futures extend gains after data Thursday, 13 Mar 2014 | 8:34 AM ET

    NEW YORK, March 13- U.S. stock index futures added to gains after data showed weekly initial jobless claims fell to a three-month low and retail sales rose slightly more than anticipated in February.

  • WASHINGTON, March 13- U.S. retail sales rose slightly more than expected in February, pointing to some strength in the economy after harsh weather abruptly slowed activity in recent months. The Commerce Department said on Thursday retail sales increased 0.3 percent last month as receipts rose in most categories.

  • U.S. import prices post largest gain in a year Thursday, 13 Mar 2014 | 8:34 AM ET

    WASHINGTON, March 13- U.S. import prices rose more than expected and recorded their largest gain in a year in February as petroleum soared, but there was little sign of a broad pick-up in imported inflation. The Labor Department said on Thursday import prices increased 0.9 percent last month, the biggest rise since February last year.

  • The Montreal- based company offers discounted air fares and vacation packages, competing mainly with WestJet Airlines' WestJet Vacations and Air Canada's Air Canada Vacations. Air Canada warned in February that adverse weather conditions and weakness in the Canadian dollar were likely to hurt its current-quarter earnings and revenue.

  • UPDATE 2-OECD postpones accession talks with Russia Thursday, 13 Mar 2014 | 8:31 AM ET

    The move by the organisation, which includes economic heavyweights such as the United States, Germany, France, Japan and Mexico, is the latest effort to apply pressure on Moscow ahead of a referendum on Sunday in which Ukraine's southern region of Crimea could vote to secede and join Russia.

  • LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.


  • *BMW Q4 automotive EBIT 1.77 bln euros vs 1.68 bln forecast. The investment drive, which includes the launch of the i3 electric vehicle and the next generation of the Mini, will help BMW increase sales again this year in the face of stiff competition from rivals Audi and Mercedes-Benz.

  • *JetBlue to ink pact to continue the service after the sale. *JetBlue shares rise 2.9 pct before the bell. March 13- JetBlue Airways Corp said it would sell its in-flight entertainment business, LiveTV, to French defense company Thales Group for $400 million as it looks to cut costs.