Latest Business News Wires - Business Headlines


  • *Coast Guard opens Houston Channel for oil tankers. NEW YORK, March 25- Brent crude oil futures rose on Tuesday on renewed geopolitical risk over Russia and supply disruptions in Nigeria and Libya, while U.S. crude was pressured by a stronger U.S. dollar.

  • *Imerys bowed out of bidding war for U.S. firm Amcol. PARIS, March 25- French minerals specialist Imerys is betting on innovative products in the shale and car industries to deliver growth and still looking out for acquisitions after its failure to buy U.S. company Amcol, its chief executive said.

  • BRUSSELS, March 25- EU competition regulators have raided several car parts makers involved in producing vehicle exhaust systems, including French firm Faurecia, Germany's Eberspaecher Group and TenneCo of the United States, as part of a wider probe into suspected price fixing in the auto industry.


  • *Credit Suisse has end-2014 target of 3,600 for EuroSTOXX50. LONDON, March 25- European shares rebounded on Tuesday, anticipating of stimulus measures from the European Central Bank and the Chinese central bank to help their economies fight off any slowdown.

  • WASHINGTON, March 25- Property tax revenues for U.S. states and local governments reached a record high in the final quarter of 2013, according to Census data released on Tuesday showing the housing recovery is finally reaching school districts and cities' budgets.

  • Russia's Medvedev says sanctions will not hurt Tuesday, 25 Mar 2014 | 1:25 PM ET

    MOSCOW, March 25- Prime Minister Dmitry Medvedev shrugged off sanctions over Moscow's annexation of Crimea, saying even if the West imposes more punitive measures, companies that want to work in Russia will not be deterred, Interfax news agency reported on Tuesday.

  • WASHINGTON, March 25- U.S. consumer confidence surged to a six-year high in March and house prices increased solidly in January, positioning the economy for stronger growth after a weather-induced soft spot. We going to get a big lift to second-quarter growth from the weather, "said Ryan Sweet, a senior economist at Moody's Analytics in West Chester Pennsylvania.

  • *Copper follows shares higher as markets rebound. LONDON, March 25- Copper rose to its highest level in two weeks on Tuesday, supported by prospects that big commodities consumer China will act to support its slowing economy and by improved risk appetite in wider markets.

  • WASHINGTON, March 25- The U.S. shale gas boom should be used to rein in Russian influence on American allies in Europe and on Ukraine, a key senator said on Tuesday, as lawmakers weighed changes to export policy to take into account a shifting geopolitical landscape.

  • 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.