GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Yet Proofpoint Inc, a $1.6 billion market cap email security company, is catching the eye of fund managers by gaining share in a market that many investors have left for dead. Twenty-six small-cap funds added Proofpoint to their portfolios over the last quarter, a nearly 15 percent increase from the quarter before, Morningstar data show.

  • BRENT CRUDE OIL FUTURES FALL MORE THAN $2 PER BARREL AHEAD OF SETTLEMENT.

  • LONDON, March 17- Broadcasting masts group TDF faces a battle to sell its French arm as favoured suitor Dering Capital struggles to fund its bid and fears mount that consolidation among the unit's telecoms clients could hit revenues, sources close to the matter said.

  • *Sugar back on defensive after Brazil- driven rally. NEW YORK/ LONDON, March 17- Arabica coffee futures on ICE dropped for the second straight day on Monday, its biggest two-day tumble in 2-1/ 2 years, as a forecast for widespread rain in top grower Brazil's coffee belt took out some of the market's weather premium.

  • NEW YORK/ LONDON, March 17- Gold prices fell on Monday as a sharp rally in U.S. equities triggered profit-taking after bullion briefly rose to a six-month high earlier in the day. Wall Street, measured by the S&P 500 index, rose about 1 percent as East-West tensions over Crimea eased after the region voted to join Russia and the referendum passed without violence.

  • *Threat of Russian invasion hangs over east Ukraine. MOSCOW, March 17- As Russian forces took control of Crimea in the last few weeks, Russian media started referring to a broad belt of land in southern Ukraine as Novorossiya, or New Russia.

  • NEW YORK, March 17- Brent oil futures fell by nearly $2 per barrel on Monday as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea.

  • Europe shares rebound from 3-week pull-back Monday, 17 Mar 2014 | 1:25 PM ET

    PARIS, March 17- European stocks rose on Monday, bouncing back from a three-week slide, helped by robust U.S. manufacturing data and after Crimea's vote to join Russia passed without violence.

  • DETROIT, March 17- General Motors Co Chief Executive Mary Barra on Monday acknowledged that the No. 1 U.S. automaker fell short in catching the faulty ignition switches linked to 12 deaths and said the company has already made changes to how it will handle future recalls.

  • DETROIT, March 17- General Motors Co announced three more recalls on Monday, related to airbag deployment and other issues, and said it would take a $300 million charge primarily to cover the costs related to these actions as well as the previous recall for faulty ignition switches.

  • *Copper down close to 12 pct so far this year. LONDON, March 17- Copper was steady on Monday with buyers attracted by low prices after a sharp drop last week, but persistent concerns about top consumer China's growth outlook kept the metal within sight of the near four-year low it hit last week.

  • *Bank of England to create new deputy governor's job. LONDON, March 17- Governor Mark Carney's first big shake-up of the Bank of England could set off changes on its interest rate-setting committee, with markets chief Paul Fisher at risk of losing out.

  • US STOCKS-Wall St climbs as Ukraine worries ease Monday, 17 Mar 2014 | 1:12 PM ET

    The 97- percent vote in Crimea in favor of quitting Ukraine was condemned as illegal by Kiev and the West, with the White House calling Russian actions "dangerous and destabilizing," but the referendum passed without violence.

  • Intercept shares drop on concerns about liver drug Monday, 17 Mar 2014 | 1:10 PM ET

    March 17- Shares of Intercept Pharmaceuticals Inc fell nearly 17 percent on Monday after the company said a trial showed patients taking its experimental liver disease drug experienced a higher number of heart-related problems than those given a placebo.

  • President Barack Obama on Monday imposed sanctions on 11 Russian and Ukrainian officials blamed for Russian forces' seizure of Ukraine's Crimea region, which has voted to join Russia. He is now wanted for mass murder in Ukraine, following clashes in Kiev between police and protesters in which about 100 people were killed.

  • FRANKFURT, March 17- German utility company RWE is to sell its oil and gas unit DEA to investors led by Russia's second-richest man Mikhail Fridman, giving up a profitable part of its business in a bid to emerge from a deep energy industry crisis.

  • HAVANA, March 17- Cuba is laying plans to move to a single currency, a reform that many feel is one of the toughest challenges facing President Raul Castro as he tries to kick-start the Communist country's moribund economy.

  • The group sent a letter on Sunday to chief executive officers of Wal-Mart Stores Inc, supermarket operators Kroger Co, Safeway Inc, which operate pharmacies, and drugstore chains Walgreen Co and Rite Aid Corp.. Wal-Mart, Walgreen, Rite Aid and Kroger all said they were reviewing the letter, while Safeway did not respond to requests for comment.

  • NEW YORK, March 17- Like Bernard Madoff's Ponzi scheme itself, the trial of five of his former aides has been virtually unprecedented in its scope. A federal jury of 12 men and women on Monday began deciding whether the defendants are guilty of aiding in Madoff's massive fraud.

  • FACTBOX-European banks' exposure to Russia Monday, 17 Mar 2014 | 12:49 PM ET

    The European Union has imposed sanctions on some Russian officials and the EU and United States are expected to apply more economic penalties against Russia if a crisis over the Crimea escalates. Foreign banks have a limited role- the biggest are France's Societe Generale, Italy's UniCredit and Austria's Raiffeisen.