Latest Business News Wires - Business Headlines


  • March 3- Bill Gates has returned to the top of Forbes magazine's annual list of the world's richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women.

  • *Russia confirms FX intervention to prop up ruble. NEW YORK, March 3- The U.S. dollar and the yen gained on Monday as Russia's invasion of the Ukraine's Crimean peninsula over the weekend fanned geopolitical tension, prompting investors to seek shelter in these safe-haven currencies.

  • TORONTO, March 3- Record-setting truck sales in Canada helped offset weaker demand for cars in February, automakers said on Monday, as Chrysler Canada reported a 10 percent jump in monthly sales.

  • NEW YORK, March 3- U.S. stocks sold off on Monday alongside other risky assets globally as Ukraine and Russia prepared for possible war after Russian President Vladimir Putin declared he had the right to invade his neighbor.

  • March 3- A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S. Citigroup, the third-largest U.S. bank by assets, also said Banamex USA had received a subpoena from the U.S. Federal Deposit Insurance Corp, a civil agency.

  • SEATTLE, March 3- Microsoft Corp Chief Executive Satya Nadella has appointed pollster and longtime corporate adviser Mark Penn to the role of chief strategy officer, according to a memo sent to company employees on Monday.

  • WASHINGTON, March 3- When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.

  • March 3- The activist investor seeking to split Darden Restaurants Inc into two companies said on Monday it has lost confidence in its chief executive's ability to run the company.

  • OSLO, March 3- Increasing similarity in diets worldwide is a threat to health and food security with many people forsaking traditional crops such as cassava, sorghum or millet, an international study showed on Monday.

  • New York, March 3- In his most recent Berkshire Hathaway shareholder letter, the ever-folksy Warren Buffett sounds more like a personal finance guru than a financial mastermind, focusing on buy-and-hold investing and advocating indexing strategies.

  • LOS ANGELES, March 2- The slavery drama "12 Years a Slave" won the Academy Award for best picture on Sunday, making history as the first movie from a black director to win the film industry's highest honor in 86 years of the Oscars.

  • *EU foreign ministers meet to discuss situation in Ukraine. BRUSSELS, March 3- European Union foreign ministers held out the threat of sanctions against Russia on Monday if Moscow fails to withdraw its troops from Ukraine, while offering to mediate between the two, alongside other international bodies.

  • compliance@ March 3- A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S.

  • PARIS, March 3- Whatever the secret of French carmaker Renault's crisis-defying performance, Carlos Tavares has taken it with him to domestic competitor PSA Peugeot Citroen. An appearance at the Geneva auto show on Tuesday marks Tavares's graduation from former Renault second-in-command and Carlos Ghosn protégé to Peugeot CEO- and Ghosn rival.

  • WASHINGTON, March 3- The Obama administration on Monday announced new fuel and automobile rules to cut soot, smog and toxic emissions, which it says will reduce asthma and heart attacks in the United States. The rules will be phased in under schedules that vary by vehicle class, generally starting between model years 2017 and 2025, the EPA said.

  • *Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather, raising concerns about industry profitability.

  • Banks caught in storm as Ukraine tensions rise Monday, 3 Mar 2014 | 1:54 PM ET

    MOSCOW, March 3- Bankers scrambled to assess possible damage to corporate deals and tried to calm customers on Monday after Russia's military intervention in Ukraine unnerved financial markets and hit bank shares in Russia and across Europe.

  • March 3- The following are U.S. auto sales results for February reported so far on Monday by top-selling automakers. Auto Sales For February 2014.

  • WASHINGTON, March 3- As the years-long fight over the Keystone XL pipeline grinds toward resolution, green groups are broadening their focus to include the possibility that the Obama administration will loosen curbs on how much oil and gas the United States exports.

  • March 3- UIL Holdings Corp said it would buy Philadelphia Gas Works, the largest municipally owned natural gas utility in the United States, for $1.86 billion in cash to expand its natural gas distribution operations.