Latest Business News Wires - Business Headlines


  • KANSAS CITY, Mo., March 28- A top Federal Reserve official who has often warned of the risks of keeping U.S. interest rates too low for too long said on Friday she wants to see how winding down the Fed's massive bond-buying stimulus goes before setting out any path for rate hikes.

  • WASHINGTON, March 28- The White House said on Friday it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry, part of President Barack Obama's plan to address climate change.

  • PwC is sued for $1 bln over MF Global collapse Friday, 28 Mar 2014 | 3:24 PM ET

    March 28- The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued PricewaterhouseCoopers for at least $1 billion, accusing the auditor of professional malpractice in connection with the brokerage's investment in European sovereign debt.

  • *Momentum stocks still in focus; Netflix falls. NEW YORK, March 28- U.S. stocks sharply pared gains by late Friday afternoon on Friday, with the Nasdaq briefly turning negative, led by a decline in the biotechnology sector. Gilead Science shares were off 3.3 percent at $69.03 and Biogen Idec shares were down 4.1 percent at $297.

  • *Gold marks 3 pct weekly decline. NEW YORK/ LONDON, March 28- Gold turned higher after touching six-week lows under $1,300 an ounce on Friday, but marked its second straight weekly decline as an improving U.S. economic outlook lifted the dollar and bolstered appetite for risk.

  • LONDON, Mar 28- British fraud prosecutors began criminal proceedings against three former brokers from ICAP, the world's top interdealer broker, as the UK side of a global investigation into alleged rigging of crucial benchmark interest rates cranked up.

  • WASHINGTON, March 28- The European Union is seeking to insulate its probe of Russia's gas export monopoly, Gazprom, which is suspected of anti-competitive behavior, from larger concerns about Russia's seizure of Ukraine's Crimean peninsula, Europe's top antitrust enforcer said on Friday.

  • SUNBURY, Pa., March 28- A judge on Friday loosened an injunction restricting the movements of a Pennsylvania anti-fracking activist to allow her access to her local hospital, grocery and other places declared off-limits because they sat atop land leased for gas extraction.

  • WASHINGTON, March 28- The White House said on Friday it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry, part of President Barack Obama's plan to address climate change.

  • NEW YORK, March 28- U.S.

  • *BMW to invest $1 bln in Spartanburg by 2016. *BMW to add X7 SUV to product line. SPARTANBURG, SOUTH CAROLINA, March 28- BMW will expand production capacity in the United States by 50 percent and introduce another new offroad model, the German luxury carmaker said on Friday, in what amounts to a $1 billion bet on sport utility vehicles.

  • *Expects full-year profit of C $1.55- C $1.65/ shr vs estimate C $1.69/ shr. March 28- Ski-Doo snowmobile maker BRP Inc forecast a full-year profit below analysts' estimates, saying uncertainty in Russia and the weakening of the rouble would hurt demand in its third-largest market.

  • WASHINGTON, March 28- A U.S. appeals court on Friday rejected a challenge by meat producers to a federal regulation that specifies labeling requirements for certain meat products, a move applauded by rancher and consumer groups.

  • Nerves grow over impact of fixing row, FX regulation Friday, 28 Mar 2014 | 2:00 PM ET

    BERLIN, March 28- A drop-off in major currency market volatility may be due as much to banking regulations and a row over alleged manipulation as to ultra-low interest rates in the developed world, industry figures said on Friday.

  • Amazon.com says not planning free TV service Friday, 28 Mar 2014 | 1:58 PM ET

    SAN FRANCISCO, March 28- Amazon.com Inc has no plan to offer a free streaming TV service, a spokeswoman said on Friday following a report that the online retailer might turn up the heat against Netflix and Hulu.

  • BERLIN, March 28- President Xi Jinping said on Friday China would not take sides with the West or Russia over Ukraine, disappointing any hopes Beijing might add its weight to international pressure on Moscow for annexing Crimea.

  • NEW YORK, March 28- WisdomTree Investments Inc has paid a price for being so dependent on its flagship Japan fund- as that market reversed fortune this year, shares of the asset manager fell nearly 30 percent and Citi analysts downgraded its stock.

  • *To cut 147,000 metric tons of capacity at Brazil smelters. March 28- Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two smelters in Brazil to stem a growing global surplus that has depressed prices and made a large number of plants uncompetitive.


  • *Gold at six-week low as U.S. economic picks up. NEW YORK, March 28- Global equity markets rose on Friday, bolstered by U.S. economic data that was largely promising and signs that China will step in to support a cooling economy, while euro zone government bond yields fell on renewed bets the European Central Bank will ease policy next week.