Latest Business News Wires - Business Headlines


  • U.S. SEC probing high-speed trading Tuesday, 1 Apr 2014 | 4:36 PM ET

    WASHINGTON, April 1- The U.S. Securities and Exchange Commission has active investigations into high-frequency trading, the head of the agency said on Tuesday.

  • *Nonfarm payrolls forecast increasing 200,000 last month. WASHINGTON, April 1- U.S. job growth likely accelerated in March as the winter's gloom started to lift, providing the strongest signal yet that economic growth was shifting into higher gear.


  • NEW YORK, April 1- World equity markets added to recent gains on Tuesday as Wall Street hit a record high after strong factory data, while soft manufacturing numbers in China reinforced expectations that the country will undertake stimulus measures.

  • NEW YORK/ SAO PAULO, April 1- Brazilian telephone company Grupo Oi SA could launch a 6 billion real share offering as early as Tuesday, pending an expected go-ahead from regulators, two sources with direct knowledge of the situation told Thomson Reuters' IFR on Tuesday.

  • NEW YORK/ LONDON, April 1- Gold fell to a seven-week low on Tuesday after firm U.S. manufacturing data lifted U.S. equities, but strong physical demand from Asia was expected to underpin prices. "Given gold's recent drop below $1,300 an ounce, we have noticed a slight increase in physical demand from Asia.

  • NEW YORK, April 1- Twelve large banks have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion- a-day foreign exchange market.

  • NEW YORK, April 1- The Pimco Total Return Fund, the world's largest bond fund run by Pimco co-founder Bill Gross, trailed 95 percent of its peers in March, increasing the risk that more money could flee the firm's flagship fund in the wake of a management shake-up.

  • NEW YORK, April 1- The S&P 500 closed at a record on Tuesday as positive manufacturing data indicated economic growth was gaining traction after a harsh winter. The Dow Jones industrial average rose 73.92 points, or 0.45 percent, to 16,531.58. The S&P 500 added 13.06 points, or 0.70 percent, to 1,885.40.

  • March auto sales of 1.54 million, or 16.4 million on an annualized basis, blew past analysts' expectations, pushed up by strong sales in the last part of the month.

  • *Thousands protest against EU/IMF-imposed reforms in Athens. ATHENS, April 1- The economic crisis in Europe has put 6 million people out of work and driven others into poverty, according to a think-tank study looking into the social impact of the slump that was examined by EU finance ministers for the first time on Tuesday.

  • *Coming up: API weekly oil stocks data at 4:30 p.m. EDT. NEW YORK, April 1- Brent crude oil futures fell to their lowest settlement in nearly five months on Tuesday as poor manufacturing data from China and Europe weighed, and U.S. oil futures fell in anticipation of another build in domestic supplies.

  • WASHINGTON, April 1- The Environmental Protection Agency's rule to cut greenhouse gas emissions from existing U.S. power plants has arrived at the White House for review, Office of Management and Budget records showed on Tuesday, moving the plan closer to a public unveiling.

  • WASHINGTON, April 1- General Motors CEO Mary Barra, under intense grilling by members of the U.S. Congress, on Tuesday said she found employee statements "disturbing" that cost considerations may have discouraged the prompt replacement of faulty ignition switches now linked to at least 13 fatalities.

  • WASHINGTON, April 1- General Motors CEO Mary Barra told a congressional hearing on Friday that one aim of the company's internal investigation of deadly crashes from faulty ignition switches was to establish at what level the decision was made to use the switches.

  • WASHINGTON, April 1- The U.S. oil industry has failed to share important data on oil-by-rail shipments that may help regulators prevent future accidents, a top regulator said on Tuesday in the latest chapter of a simmering dispute.

  • WASHINGTON, April 1- General Motors CEO Mary Barra told a congressional hearing on Tuesday that as far as she knew her predecessor as CEO, Dan Akerson, was not aware of the issue of defective ignition switches that has caused a crisis for the company. Barra, who took over at GM in January, was asked by a lawmaker whether Akerson was aware of the issue.

  • WASHINGTON, April 1- President Barack Obama's national healthcare program signed up more than 7 million people by the last day of March, the White House said on Tuesday, notching a rare victory after a months-long, glitch-filled rollout of the law.

  • Windows 8 updates expected at Microsoft conference Tuesday, 1 Apr 2014 | 3:23 PM ET
    Satya Nadella, CEO of Microsoft

    Microsoft is following through on a promise to update its Windows 8 operating system on a regular basis to respond to consumers' feedback.

  • April 1- The U.S. Food and Drug Administration found that a drug ingredient manufactured at a GlaxoSmithKline Plc plant in Ireland was contaminated and said the company did not take sufficient action to resolve the problems.