Latest Business News Wires - Business Headlines


  • HOUSTON, March 5- The rise of global trade in liquefied natural gas in the coming decade could curb Russia's foreign-policy leverage over Europe and prompt China to take a more constructive role in global affairs as its imports of the fuel surge. Moscow has in years past cut gas supplies to Ukraine in foreign policy tussles, causing disruptions for Europe.

  • March 5- An Illinois couple and their daughter on Wednesday were charged with operating a multimillion-dollar shoplifting ring that involved stealing toys, baby supplies and household items from retail stores and selling them on eBay, prosecutors said.

  • NEW YORK, March 5- Masayoshi Son isn't used to taking no for an answer. It is no secret that Son, known to have threatened self-immolation to get his way in the past, wants to combine Sprint Corp, which Softbank acquired last year, with T-Mobile US Inc as part of his vision to create a global industry leader.

  • NEW YORK, March 5- Oil slid further on Wednesday, weighing on a key commodities index, but gold, nickel and coffee prices rose as investor attention returned after a brief pause over the Ukraine crisis.

  • US high-grade bond market in second-biggest week ever Wednesday, 5 Mar 2014 | 5:27 PM ET

    NEW YORK, March 5- The red-hot US high-grade bond market priced US $19.3 billion more debt on Wednesday, pushing the week's tally so far to US $43.95 billion- the second-busiest week ever recorded. Only the week of September 13 2013 was bigger at US $65.265 billion- and that was due to Verizon's US $49 billion bond issue, the largest bond ever.

  • Can't take the heat? Cancel the investor meeting Wednesday, 5 Mar 2014 | 5:26 PM ET
    Red Lobster in Times Square, New York.

    Darden Restaurants Inc has canceled its analyst and investor meeting slated for later this month.


  • Gene therapy may offer "functional" cure for HIV Wednesday, 5 Mar 2014 | 5:00 PM ET

    Data from the small study of the Sangamo BioSciences therapy, known by the code name SB-728-T, were issued in the New England Journal of Medicine, the first publication of data from a human trial of a technology called "gene editing." The Phase 1 trial, led by the University of Pennsylvania, enrolled 12 HIV patients.

  • NEW YORK, March 5- The S&P 500 finished almost flat, just below its all-time high on Wednesday as investors shrugged off soft data on jobs and the services sector while keeping an eye on developments in Ukraine. A report from the Institute for Supply Management showed the services sector continued to grow last month, albeit at a slower pace.

  • SAFT ON WEALTH-The patient and the brave Wednesday, 5 Mar 2014 | 4:43 PM ET

    March 5- There are two main ways to get paid as a value investor: one is by avoiding the mistakes of your peers, the other is by making some mistakes of your own. Buy quality companies which are cheap and you, by definition, miss out on Pets.com, or, dare I say it, Facebook.

  • WASHINGTON, March 5 (Reuters)- The Obama administration said on Wednesday it would allow health insurers to extend plans that fail to comply with its signature healthcare law for an additional two years, giving some consumers the option of keeping their policies into 2017..

  • WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal producers, has reached a consent decree to settle a complaint about pollution discharged by coal mines into Appalachian rivers and streams, federal authorities said on Wednesday.

  • *NATO to cut back on cooperation with Russia. PARIS/ KIEV, March 5- High-level diplomatic efforts to resolve the crisis in Ukraine made little apparent headway at talks in Paris on Wednesday with Moscow and Washington at odds and Russia's foreign minister refusing to recognise his Ukrainian counterpart.

  • NEW YORK, March 5- World markets were calm on Wednesday after two days of wild swings, with the United States and Russia set to hold talks on easing East-West tension in Ukraine.

  • SAN FRANCISCO, March 5- Mobile devices such as smartphones and tablets will vastly expand the number of companies who advertise online and will allow Internet companies to reap more revenue than they have from customers on PCs, Google Inc Chief Business Officer Nikesh Arora said on Wednesday.

  • CME hog futures spike 3-cent limit on PEDv fears Wednesday, 5 Mar 2014 | 4:30 PM ET

    CHICAGO, March 5- Hog futures at the Chicago Mercantile Exchange rallied the 3- cent daily price limit on Wednesday on expectations that pork supplies will tighten as a deadly pig virus spreads through the U.S. hog industry, traders said.

  • *Yen extends broad slide, focus shifts to data. *Euro lower against the dollar ahead of ECB meeting. NEW YORK, March 5- The dollar edged higher against the euro and yen on Wednesday, shrugging off softer-than-expected U.S. private-sector payrolls and services sector reports affected by severe winter conditions.

  • According to the SEC order, Lynn and his firm violated Rule 105 of "Regulation M," which prohibits a trader from shorting stock prior to a public offering, and then subsequently buying that same stock through the offering.

  • WASHINGTON, March 5- The Obama administration said on Wednesday it would allow health insurers to extend plans that fail to comply with President Barack Obama's healthcare law for an additional two years, giving some consumers the option of keeping their policies into 2017..