Latest Business News Wires - Business Headlines


  • NEW YORK, March 4- Oil fell on Tuesday after President Vladimir Putin said Russia would only use military force in Ukraine as a last resort, releasing some tension from a growing crisis in the region that pushed prices to five-month highs in the previous session.

  • March 4- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 23 percent jump in first-quarter profit as investment banking revenue grew. The bank said its holdings in Knight Capital and Harbinger Group Inc, were marked down by $15 million.

  • WASHINGTON, March 4- President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that highlights stark differences with Republicans, who favor a reduced government role in promoting economic opportunity.

  • WASHINGTON, March 4- The White House on Tuesday asked Congress to ramp up funding for the U.S. securities regulator, but caused an outcry from the top derivatives regulator by scaling back its prior request for a boost for that agency.

  • ServiceMax raises $71 million in new funding Tuesday, 4 Mar 2014 | 11:30 AM ET

    SAN FRANCISCO, March 4- ServiceMax field service management company said Tuesday it had raised $71 million in new financing, bringing its total funding to $120 million. He said the closest competitors are elements of software services provided by customer relations management businesses Oracle Corp and SAP AG.

  • March 4- A divided U.S. appeals court has rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.

  • KIEV/ LONDON, March 4- Commercial deals concluded by Ukraine during the presidency of Viktor Yanukovich are already coming under scrutiny, less than two weeks since he was deposed, with lucrative gas projects involving Western companies among the first.

  • U.S. senator still believes in new Iran sanctions bill Tuesday, 4 Mar 2014 | 11:27 AM ET

    Senator Robert Menendez said on Tuesday he still sees his legislation to impose new sanctions on Iran as the best way to ensure that Iran does not develop a nuclear weapon and prevent military action over its nuclear program.

  • *Qualcomm increases repurchase program, dividend; shares jump. NEW YORK, March 4- U.S. stocks rallied on Tuesday, with the S&P 500 at a record high, as fears of a confrontation between Russia and Ukraine eased and Russian President Vladimir Putin said there was no need to use military force in the Crimea region for now.

  • March 4- Morgan Stanley's wealth management unit said it hired six financial advisers from UBS and Wells Fargo. Daniel Tedesco and Dennis Madden joined on Feb. 14 from UBS where they managed $161 million in client assets. James Wong, Matthew Barker, Justin Harris and Desiderio Rodriquez joined on Feb. 28 from Wells Fargo where they managed $264 million in assets.

  • KIEV/ LONDON, March 4- Steel and grain exports continue to flow from key global supplier Ukraine via Black Sea terminals with ports operating normal schedules, despite concerns raised by the tense political backdrop, officials and traders said on Tuesday.

  • *Alfa Romeo production to stay in Italy- CEO. GENEVA, March 4- A convertible bond remains among Fiat Chrysler Automobile's options to boost capital and help fund a shift upmarket aimed at turning round its fortunes in Europe, its chief executive said on Tuesday.

  • Cuban sugar harvest falters; foreign investment sought Tuesday, 4 Mar 2014 | 10:47 AM ET

    HAVANA, March 4- For the third consecutive year Cuba's reorganized sugar industry is failing to perform up to expectations, increasing pressure on the government to open up the once proud sector to foreign investment. But the harvest is 20 percent behind schedule, sugar reporter Juan Varela Perez wrote recently in Granma, the Communist Party daily.

  • *Cites weakness in Russia, Argentina, Turkey, Algeria. GENEVA, March 4- French carmaker Renault has trimmed its growth forecast for the global market this year as the industry becomes increasingly worried about volatile emerging markets just when demand in Europe is starting to pick up.

  • NEW YORK, March 4- An American lawyer used "corrupt means" to secure a multi-billion-dollar pollution judgment against Chevron Corp in Ecuador, a U.S. judge ruled on Tuesday, handing the oil company a major victory following a six-week trial last year.

  • Europe shares regain ground as Ukraine tensions ease Tuesday, 4 Mar 2014 | 10:41 AM ET

    *FTSEurofirst 300 up 1.7 pct, Euro STOXX 50 up 2.3 pct. PARIS, March 4- European stocks rose on Tuesday, reversing a big portion of the previous session's sharp sell-off after Russian President Vladimir Putin said he would only use force in neighbouring Ukraine as a last resort.

  • March 4- Apple Inc said Chief Financial Officer Peter Oppenheimer will retire at the end of September, handing over to Corporate Controller Luca Maestri in what Chief Executive Tim Cook described as an orderly succession put in place by his CFO.

  • U.S. NHTSA closes probe of 1.6 million Ford vehicles Tuesday, 4 Mar 2014 | 10:28 AM ET

    Mar 4- Federal safety investigators said on Tuesday they have closed an investigation that could have let to a recall of about 1.6 million Ford Motor Co sedans and crossover vehicles.

  • *A respite in the Ukraine crisis pressures prices. Putin on Tuesday also ordered troops involved in a military exercise in western Russia, close to the border with Ukraine, back to their bases, apparently seeking to ease East-West tension over fears of war in the former Soviet republic.

  • NEW YORK/ LONDON, March 4- The yen fell against the dollar and the euro while the ruble rebounded on Tuesday after signs that Russia may be seeking to avoid further escalation of its military involvement in Ukraine pared bids for safe-haven currencies.