Latest Business News Wires - Business Headlines


  • Sony counts on 'selfies' to sell image sensors Tuesday, 25 Mar 2014 | 1:01 PM ET
    A sample of Sony Corp.'s Exmor complementary metaloxidesemiconductor (CMOS) full-frame image sensor is displayed at an unveiling in Tokyo, Japan.

    Sony is counting on the boom in smartphones and the market's voracious appetite for megapixels to drive growth in its image sensor business.

  • *HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.

  • Patton Boggs leaders projected that any deal would take place before the end of April, two of the sources said. Patton Boggs managing partner Edward Newberry did not respond to a request for comment.

  • The Federal Aviation Administration's so-called airworthiness directive covers Boeing's 747-8 and 747-8 F planes with certain General Electric Co engines, and calls for removing defective software and installing new, improved software.

  • *Walgreen, McCormick shares rally after results. NEW YORK, March 25- U.S. stocks sharply trimmed gains by midday on Tuesday as many of the market's momentum stocks turned negative. So-called momentum stocks fell sharply near midday, including Netflix, down 3 percent at $367.50, and First Solar Inc, down 4 percent at $70.93.

  • *Nigeria, Turkey hit by political turmoil. Former Goldman Sachs economist O'Neill came up with the name BRIC in 2001 to group Brazil, Russia, India and China as countries whose growth will shape the world economy in the coming decades.

  • In past years, the phenomenon has brought heavy rain to parts of Argentina and southern Brazil, where hot dry weather struck at the beginning of the year. Though El Nino is not a certainty, companies and analysts are already attentive to its potential impact on agricultural superpower Brazil, the top exporter of sugar, coffee and soy.

  • WASHINGTON, March 25- U.S. Senate Democratic leaders are discussing whether to drop reforms to the International Monetary Fund from a Ukraine aid bill, but have not yet made a decision, a senior Democratic Senate aide said on Tuesday.

  • WASHINGTON, March 25- The U.S. Commerce Department should reverse three preliminary decisions against steelmakers with operations in the United States, the chairman of the Congressional Steel Caucus said on Tuesday.

  • March 25- Private equity firm Carlyle Group LP on Tuesday named as co-president and co-chief operating officer JPMorgan Chase& Co's Michael Cavanagh, who had been considered a leading contender to succeed the bank's CEO Jamie Dimon. Cavanagh is currently co-head of JPMorgan's corporate and investment bank.

  • March 25- Carnival Corp, the world's largest cruise operator, forecast a full-year profit below analysts' estimates as it cuts prices and spends more on advertising to attract customers after onboard mishaps hurt demand over the past couple of years.

  • NEW YORK, March 25- Stocks on Wall Street were mixed on Tuesday after robust U.S. consumer confidence data, while Russian assets rose after major industrialized nations warned of additional sanctions without committing to a particular action.

  • *Templeton's Smart says SWFs see EM turmoil as opportunity. LONDON, March 25- Sovereign wealth funds see emerging market turbulence as a long term buying opportunity, but are wary of excessive exposure via some of their Western holdings such as luxury goods makers, a top investment official at Franklin Templeton said.

  • March 25- Clothing retailer American Apparel Inc, struggling with weak sales and heavy debt, said it plans to sell $30.5 million shares to raise working capital and to pay interest on its senior notes due next month. American Apparel said it plans to grant the underwriters a 30- day option to buy up to $4.6 million more shares.

  • WASHINGTON, March 25- As General Motors comes under scrutiny by the U.S. Congress for its handling of a long-running problem with ignition switches linked to 12 deaths, two senators on Tuesday offered legislation aimed at improving the auto industry's reporting of safety problems.

  • *China rejects more U.S. corn on GMO concerns. Wheat also declined slightly while soybeans headed for modest gains, with futures for each commodity trading in both positive and negative territory at the Chicago Board of Trade.

  • LONDON, March 25- Gold dipped to its lowest in more than five weeks on Tuesday, as the dollar edged higher after stronger than forecast U.S. consumer confidence data and on expectations of higher U.S. interest rates in the first half of 2015..

  • MILAN, March 25- Google has teamed up with Ray-Ban maker Luxottica in a bid to turn its Internet-connected Glass spectacles into a widely-available, stylish consumer product.


  • U.S. banks enjoy "too-big-to-fail" advantage -Fed study Tuesday, 25 Mar 2014 | 12:00 PM ET

    NEW YORK, March 25- A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, confirming the suspicions of many Wall Street critics more than five years after the financial crisis.