Latest Business News Wires - Business Headlines


  • NEW YORK/ LONDON, Feb 24- Gold rose 1 percent on Monday, reaching its highest level in nearly four months, as investors grew more anxious about economic and political uncertainty over Ukraine.

  • Feb 24- Alabama's securities regulator said he will issue an alert on Tuesday, cautioning consumers and investors to stop trading on bitcoin exchanges or adding to their accounts if they are having trouble redeeming the digital currency or cashing out.

  • TORONTO, Feb 24- Canada's housing market is at risk of a meaningful correction, Nouriel Roubini said on Monday, though the economist known as "Dr.

  • LIMA, Feb 24- Peru's Finance Minister Luis Miguel Castilla is resigning and President Ollanta Humala is now considering "other options" to replace him, a government source said on Monday.

  • NEW YORK, Feb 24- Brent oil rose on Monday after production outages in Libya and South Sudan curbed exports and tightened global supply.

  • *Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. Humana Inc and UnitedHealth Group ranked among the S&P 500' s biggest percentage gainers, with Humana's stock jumping 10.6 percent to $113.69 after it said the government's proposed cuts to the private Medicare program appeared to be less than it had forecast.

  • *S&P 500 sets intraday record in broad U.S. equity rally; German sentiment helps. NEW YORK, Feb 24- Stocks on Wall Street surged to an all-time high on Monday on optimism over merger activity that also lifted global equity markets, while crude oil prices rose, helped by expectations of revived growth in the demand for oil.

  • WASHINGTON, Feb 24- Unusually cold weather will take a bite out of U.S. economic growth this quarter, but a rebound seems likely on the horizon and expectations for stronger growth this year have not changed. The economy will regain strength, "said Ryan Sweet, a senior economist at Moody's Analytics in West Chester Pennsylvania.

  • Feb 24- U.S. solar installer SolarCity Corp said it expects to install fewer panels in the first quarter, sending its shares down 6 percent after the bell. SolarCity said in October that it would acquire Zep Solar, a maker of mounting systems for residential solar panels, for about $158 million in stock. SolarCity shares were at $75.25 after market close on Monday.

  • Feb 24- The head of the United Automobile Workers said on Monday that the union's appeal of a failed organizing effort at a Volkswagen plant in Chattanooga, Tennessee, will focus on the actions of outside parties, not the German automaker itself.

  • Feb 24- Detroit's plan to deal with its $18 billion of debt and emerge from municipal bankruptcy would set a troubling precedent for the U.S. municipal bond market, Fitch Ratings said on Monday. "Fitch considers Detroit's plan of adjustment to be hostile to GO bondholders," the rating agency said in a statement.

  • NEW YORK, Feb 24- U.S. stocks rose on Monday, with the S&P 500 ending less than a point away from a record closing high, helped by gains in health insurers and optimism over merger activity. The Dow Jones industrial average rose 103.84 points or 0.64 percent, to end unofficially at 16,207.14.

  • Feb 24- XPO Logistics Inc's quarterly revenue more than doubled as it placed more freight with other carriers and shipped a higher number of quick delivery packages. Revenue from XPO's expedited transportation, or quick delivery, division rose 19.4 percent to $26.4 million in the quarter ended Dec. 31.

  • BARCELONA, Feb 24- WhatsApp will add free voice-call services for its 450 million customers later this year, laying down a new challenge to telecom network operators just days after Facebook Inc scooped it up for $19 billion.

  • What's up for Alibaba's mobile app strategy? Monday, 24 Feb 2014 | 4:00 PM ET

    HONG KONG/ BEIJING, Feb 25- Billionaire Jack Ma's Alibaba, the dominant force in China's $1.6 trillion e-commerce market, may already have lost a battle with rival Tencent for the world's biggest mobile market.

  • KIEV, Feb 24- Ukraine's fugitive president was indicted for "mass murder" on Monday over the shooting of demonstrators as new leaders in Kiev sought urgent Western aid to make up for a loss of funding from Russia, which is angry at the overthrow of its ally.

  • Feb 24- Retirees, unions and others opposed to Detroit's financial restructuring plan will have a chance to argue their case at a trial starting in mid-June, according to an order on Monday by the judge overseeing the case. Detroit and its creditors have until Friday to file objections to U.S.

  • Treasuries prices fell on Monday, with some investors exiting the safe-haven asset class as Wall Street swung higher and worries dwindled about troubled developing economies such as Ukraine. "With signs of progress in Argentina and Ukraine... that causes people to leave Treasuries.

  • *Acting president says Ukraine close to default. KIEV, Feb 24- Ukraine appealed for urgent international aid on Monday after the fall of Russian-backed president Viktor Yanukovich cast doubt on a bailout deal with Moscow, saying it needed $35 billion over the next two years.

  • *Gold rallies as S&P 500 hits all-time high. NEW YORK/ LONDON, Feb 24- Gold rose to its highest in nearly four months on Monday, adding to last week's gains as investors grew more anxious about the pace of the U.S. economic recovery and China's growth.