Latest Business News Wires - Business Headlines


  • 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.

  • *Medicines Co tumbles after court ruling. NEW YORK, April 1- U.S. stocks rose on Tuesday, with the S&P 500 advancing to an intraday record after positive data on factory activity indicated economic growth was gaining traction after a harsh winter.

  • April 1- A remarkable rise in U.S. bank lending may hold the key to the outlook for the U.S. economy, but it could be either very good or very bad news.

  • WASHINGTON, April 1- The oil industry has failed to share important data on oil-by-rail shipments that may help regulators prevent future mishaps, a leading U.S. Department of Transportation regulator said on Tuesday.



  • NEW YORK, April 1- The dollar eased on Tuesday as currency traders looked ahead to key U.S. jobs data due Friday and shrugged off a report showing growth at U.S. factories accelerating. The euro was helped by data signalling easing price pressures in the euro zone and rose for a third day against the dollar, by 0.17 percent in New York trading to $1.3793.

  • U.S. Supreme Court could limit bank fraud law Tuesday, 1 Apr 2014 | 2:22 PM ET

    WASHINGTON, April 1- The U.S. Supreme Court on Tuesday appeared poised to limit the scope of a federal criminal law that targets people who defraud banks.

  • April 2- Apple Inc is in talks to buy Japan- based Renesas Electronics Corp's stake in a unit that designs liquid crystal display chips for iPhones for about 50 billion yen, the Nikkei reported, without identifying a source. Apple expects to complete the stake purchase by summer, the business daily reported on Tuesday.

  • WASHINGTON, April 1- The White House said on Tuesday that more than 7 million people had signed up for healthcare coverage under the Affordable Care Act, exceeding its original goal after a botched rollout of the program.

  • LAUSANNE, Switzerland, April 1- Private equity firms, which have been showing an increased interest in investing in the mining industry, will have a hard time even if they are betting on recovery in the longer term, the bosses of Anglo American and Glencore Xstrata said on Tuesday.

  • NEW YORK, April 1- Crude oil futures fell more than $1 per barrel on Tuesday, with U.S. oil futures pressured by expectations for a build in domestic inventories, and Brent by lackluster manufacturing data in China and Europe.

  • WASHINGTON, April 1- The broken U.S. tax code encourages companies to shift profits overseas, Republican senators said on Tuesday, seeking to deflect criticism from Caterpillar Inc at a hearing on how it allegedly avoided paying $2.4 billion in taxes.

  • NEW YORK, April 1- Textbook publisher Cengage Learning has ended its nine-month bankruptcy, emerging from Chapter 11 after reducing its $5.8 billion debt by more than two-thirds. In a statement on Tuesday, Stamford, Connecticut- based Cengage said it cut $4 billion in debt and secured $1.75 billion in new loans to fund its bankruptcy exit.

  • MOSCOW, April 1- Ford Sollers, a joint venture between U.S. automaker Ford Motor Co and Russian carmaker Sollers is cutting 700 staff in its plant near St Petersburg due to Russia's deteriorating economy and weaker rouble, the company said on Tuesday. Ford Sollers employs around 5,500 people around St Petersburg and in Tatarstan.

  • WASHINGTON, April 1- U.S. lawmakers trying to establish who is to blame for at least 13 auto-related deaths over the past decade are expected to harshly question General Motors CEO Mary Barra on Tuesday afternoon over the automaker's slow response to defective ignition switches in its cars.

  • Apple and Samsung Electronics Co Ltd have been litigating around the world for nearly three years. Jurors awarded the iPhone maker about $930 million after a 2012 trial in San Jose, California, but Apple failed to persuade U.S. The current trial involves a fresh batch of Apple patents, which cover iPhone features like slide to unlock and search technology.

  • WASHINGTON, April 1- U.S. factory activity rose in March, with production posting its biggest increase since the recession ended in the latest indication the economy was regaining its footing after a brutal winter.

  • 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.