Latest Business News Wires - Business Headlines


  • BENGHAZI, Libya, April 3- Libya has seen "good intentions" at indirect talks with eastern rebels which might lead to the lifting of their blockage of major oil ports within days, acting oil minister Omar Shakmak said on Thursday. It was later boarded by U.S. commandos and returned to Libya, killing hopes of the rebels to sell oil.

  • NEW YORK, April 3- For years, Joanne Condon tossed and turned at night with the same thoughts running through her head. What if her retirement savings just were not enough? "The biggest challenge is the fact that it is just you," says the 56- year-old from East Rutherford, New Jersey.

  • *Warehouses not likely to exploit court decision. LONDON, April 3- Big warehouse owners, under regulatory scrutiny for tying up huge amounts of aluminium in profitable storage, are unlikely to risk seeking a fresh influx of metal even though a UK court ruling last week set back attempts to rein them in.

  • WASHINGTON, April 3- The chief executive of discount carrier Spirit Airlines said on Thursday he has no concerns about pilot availability in United States for next couple of years, but is worried about staffing in the longer term.

  • *Madrid's IBEX outperforms after strong PMIs. PARIS, April 3- European shares rallied on Thursday, with some national indexes hitting multi-year highs, after the European Central Bank opened the door for unconventional measures to thwart the risk of deflation. Madrid's IBEX surged 1.7 percent, to 10,602.6 points and hitting a near-three year high.

  • PARIS, April 3- Renault has cut about 2,500 jobs in the first year of a productivity deal with French unions and is on course to meet its savings goals, the carmaker said on Thursday. Renault promised last year to protect its French sites in return for increasing working hours, curbing pay rises and cutting at least 7,500 jobs by 2016..

  • WASHINGTON, April 3- A tax break used by big companies to avoid U.S. corporate income tax on capital transfers between offshore units, known as the look-through rule, has been added back to a package of temporary tax measures under consideration in Congress.

  • US STOCKS-Wall St little changed after claims, ISM data Thursday, 3 Apr 2014 | 10:54 AM ET

    NEW YORK, April 3- U.S. stocks were little changed on Thursday, with the S&P 500 holding near its recent record, as investors exercised restraint before Friday's employment report and data suggested modest improvement in the economy.

  • 'Bond King' Gross writes an ode to his dead cat, Bob Thursday, 3 Apr 2014 | 10:52 AM ET

    April 3- Bill Gross, co-founder of bond fund giant Pimco and widely known as the "Bond King," has had a rough start to the year.

  • April 3- Retailer Brookstone Inc said it would be bought by the owner of Spencer's retail chain for about $147 million as part of a prepackaged bankruptcy plan. Brookstone was taken private in 2005 by a group led by Osim, Asia's biggest maker of massage chairs, in a $445 million deal.

  • UPDATE 1-EU to take Russia to WTO in pork ban dispute Thursday, 3 Apr 2014 | 10:45 AM ET

    BRUSSELS, April 3- The European Union said on Thursday it would soon take Russia to the World Trade Organisation to try to push Moscow to lift its ban on pork exports from the bloc, in a row that has been intensified by the crisis in Ukraine.

  • WASHINGTON, April 3- Japan has to live up to commitments to open its markets as part of talks to create a Pacific free trade zone, U.S. "It's time for Japan to step up to the plate," he told the House Ways and Means Committee, which has jurisdiction on trade.

  • Nearly 26,500 former commodities and securities customers of the MF Global Inc brokerage will share in the payout, which will be made over the next several weeks, the trustee, James Giddens, said on Thursday.

  • PHNOM PENH, April 3- Scores of garment workers have fallen sick this week at factories in Cambodia, including two that produce clothing for sportswear groups Puma SE and Adidas, workers and the companies said on Thursday.

  • LONDON, April 3- Kuwait's billionaire al-Kharafi family is looking to sell Americana, one of the Middle East's largest food companies, and has hired bankers to explore a deal, four sources familiar with the matter told Reuters.

  • UPDATE 1-Liberty Media slashes stake in Barnes & Noble Thursday, 3 Apr 2014 | 10:31 AM ET

    *Liberty Media CEO Greg Maffei to leave Barnes& Noble board. April 3- John Malone's Liberty Media Corp is slashing its stake in Barnes& Noble Inc by 90 percent, three years after it invested $204 million in the struggling U.S. bookstore chain and its then promising e-reader, the Nook.

  • LONDON, April 3- Gold fell on Thursday as the dollar firmed after the European Central Bank kept rates on hold and pledged to use unconventional measures to combat low inflation, while an expected improvement in U.S. jobs data remained the main focus. Gold futures for April delivery fell $7.70 to $1,283.10 an ounce.

  • The Labor Department said initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000 in the week ended March 29, exceeding economists' expectations of a rise to 317,000..

  • Spirit Airlines sees no short-term shortage of pilots Thursday, 3 Apr 2014 | 10:19 AM ET

    WASHINGTON, April 3- The chief executive of discount carrier Spirit Airlines said on Thursday he has no concerns about pilot availability in United States for next couple of years, but is worried about staffing in the longer term.

  • *March CPI up 1.13 pct versus 0.88 pct forecast. ANKARA/ LONDON April 3- Turkey's central bank said its current tight monetary policy was sufficient to tackle inflation, even though consumer prices rose more than expected in March, and inflation would start to ease from June to approach its 5 percent target by mid-2015.