Latest Business News Wires - Business Headlines


  • NEW YORK, March 6- Shopping for employee health insurance on private marketplaces might be the way of the future for tens of millions. However, expert opinions about growth have been based on projections, not actual consumer behavior in the exchanges that only really got going last year.

  • *Zimbabwe takes the hard line on minerals beneficiation. *DRC, Zambia want to tax copper concentrate exports.

  • RIO DE JANEIRO/ BRASILIA, March 6- Brazil's central bank said on Thursday it will remain vigilant to minimize the risk of high inflation despite some moderation in price increases, signaling it may not be done raising interest rates just yet.

  • LONDON, March 6- The fast-growing crowdfunding sector will be subject to tighter regulation to provide more transparency and protection for investors, Britain's financial watchdog said on Thursday. Such fundraising is often hosted an online platforms such as Crowdcube, Funding Circle and Kickstarter.

  • Kroger quarterly profit falls 8.7 pct Thursday, 6 Mar 2014 | 8:44 AM ET

    March 6- Kroger Co, the biggest U.S. supermarket operator, reported an 8.7 percent fall in quarterly profit, citing a colder winter. The company, which owns the Ralphs, Smith's and Food 4 Less chains, said net income attributable to Kroger fell to $422 million, or 81 cents per share, from $462 million, or 88 cents per share, a year earlier.

  • MOSCOW, March 6- Ukraine's state energy company Naftogaz said on Thursday it had fully paid for January's Russian gas supplies and is in talks with Gazprom on settling other payments to safeguard gas deliveries, though it has yet to pay off all debts.

  • U.S. jobless claims tumble to three-month low Thursday, 6 Mar 2014 | 8:30 AM ET

    WASHINGTON, March 6- The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather. Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 323,000, the Labor Department said on Thursday.

  • ECB decision to leave rates unchanged weighs on Bunds Thursday, 6 Mar 2014 | 8:30 AM ET

    *Diplomatic talks in Ukraine also weigh on safe-haven debt. LONDON, March 6- German government bond yields rose on Thursday, led higher by the European Central Bank's decision to keep interest rates on hold and as talks to resolve the crisis in Ukraine dampened demand for safe-havens.

  • U.S. fourth-quarter productivity slashed Thursday, 6 Mar 2014 | 8:30 AM ET

    WASHINGTON, March 6- The U.S. government on Thursday sharply revised down nonfarm productivity for the fourth quarter, mirroring the economy's slow growth pace in the same period. Productivity rose at a 1.8 percent annual rate instead of the previously reported 3.2 percent pace, the Labor Department said on Thursday.

  • BEIJING, March 6- Chinese patrols enforcing disputed new fishing rules in the South China Sea are apprehending foreign boats on a weekly basis, Communist Party officials said on Thursday.

  • March 6- Joy Global Inc reported a two-thirds drop in quarterly profit due to lower demand for mining equipment in the middle of a coal glut, but the company said maintenance revenue was rising as miners can no longer delay work on old equipment.

  • March 6- Endo International Plc said the U.S. Food and Drug Administration approved its thrice-rejected testosterone replacement therapy, Aveed, to treat male hypogonadism.

  • LONDON, March 6- The euro inched higher on Thursday as the European Central Bank kept interest rates on hold, shaking out some bets of a cut in base rates to support euro zone growth and weaken returns on the single currency versus its peers. That puts the onus on a news conference by President Mario Draghi starting at 1330 GMT.

  • LONDON, March 6- Copper was steady and some other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.

  • *Efforts to resolve Ukraine crisis continue. LONDON, March 6- Gold was flat on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak U.S. economic data and ahead of a key employment report.

  • MOSCOW/ KIEV, March 6- The Russian central bank said on Thursday it was putting the Moscow subsidiary of Ukraine's Privatbank into temporary administration, but that it would not revoke the bank's licence. Russia and Ukraine are in a dangerous armed stand-off following months of unrest in Kiev and the ousting of President Viktor Yanukovich.

  • UPDATE 4-Brent eases below $108 on Ukraine diplomacy Thursday, 6 Mar 2014 | 8:07 AM ET

    *EU leaders set to warn, not sanction Russia. LONDON, March 6- Brent crude reversed gains made earlier on Thursday after Crimea's parliament voted unanimously to join Russia, even as the West and Russia engaged in high-stakes diplomacy to cool the crisis in Ukraine.

  • March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down about 3 percent in premarket trading.

  • *Focus shifts to Draghi's 1330 GMT news conference. FRANKFURT, March 6- The European Central Bank left interest rates unchanged on Thursday, holding its nerve in the face of uncomfortably low inflation though it may unleash other measures to pep up a fragile euro zone recovery. "This is no surprise," RBS economist Richard Barwell said.