GO
Loading...

Latest Business News Wires - Business Headlines

More

  • WASHINGTON, April 10- Three men have been indicted on charges that they bilked $32 million from a federal program that subsidizes cell phones for poor Americans, the first such criminal fraud prosecution in the Lifeline program, the Justice Department said on Thursday.

  • NEW YORK/ LONDON, April 10- Gold rose to its highest price in more than two weeks on Thursday, boosted by a sharp pullback in U.S. equities and follow-through buying a day after minutes from the Federal Reserve's latest policy meeting revealed its cautious approach in future interest-rate hikes.

  • OTTAWA/ TORONTO, April 10- Jim Flaherty, who died on Thursday less than a month after stepping down from his post as Canada's finance minister, was a straight talker who shepherded the country's economy through a global financial crisis, and quit shortly after laying out a plan to reach his goal of balancing the government's budget.

  • *Battle for Deoleo turned political this week. MADRID, April 10- The board of Spain's Deoleo, the world's top olive oil bottler, agreed on Thursday to back a takeover bid from British private equity fund CVC Capital Partners.

  • TREASURIES-U.S. bonds rally on stock rout, Fed view Thursday, 10 Apr 2014 | 3:32 PM ET

    NEW YORK, April 10- The U.S. A steep selloff on Wall Street, where the major indexes lost between 1 and 3 percent, ramped up safe-haven bids for Treasuries and stoked demand at a $13 billion 30- year bond auction that fetched the lowest yield in 10 months.

  • *Dollar index falls to three-week lows. NEW YORK, April 10- The dollar dropped to three-week lows against the yen and the Swiss franc on Thursday, sliding for a second day after minutes of the Federal Reserve's March meeting disappointed investors who had been positioned for an interest rate increase early next year.

  • Hungary ready to ship gas to Ukraine -foreign minister Thursday, 10 Apr 2014 | 3:30 PM ET

    BUDAPEST, April 10- Hungary is ready to ship natural gas to neighbouring Ukraine and the technical conditions for starting the necessary reverse pipeline flows are in place, Hungarian Foreign Minister Janos Martonyi said on Thursday after meeting Ukraine's deputy foreign minister.

  • NEW YORK, April 10- U.S. stocks sank on Thursday, with the Nasdaq Composite falling the most in a day since June 2012 as investors again sold high-flying names in the technology and biotech sectors. The S&P 500 was on track to close below its 50- day moving average for the first time in more than two months.

  • OTTAWA, April 10- Former Canadian Finance Minister Jim Flaherty, 64, died on Thursday, just weeks after stepping down following eight years in his post. The House of Commons suspended its session until Friday after the government confirmed Flaherty's death, spokeswoman Heather Bradley said.

  • In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz. The sentencing marks the end of an era for SAC Capital, which by last year had managed $15 billion of assets.

  • *Expects full-year earnings/share $0.70- $1.00 vs est $0.89. April 10- Heavy equipment retailer Titan Machinery Inc said it expects its construction machinery business to break even this year after losing money for two years, reducing the impact from a slowdown in its larger farm equipment division.

  • WASHINGTON, April 10- More than 7.5 million people are expected to sign up for private health coverage this year under President Barack Obama's healthcare law, the top U.S. health official said on Thursday.

  • "We just did one earlier this year, and as you know, the Philippines is always opportunistic and when market opportunity is there, we will do one," Finance Secretary Cesar Purisima told reporters on the sidelines of the IMF/World Bank meetings in Washington.

  • *American Express, Citigroup, Discover prevail. NEW YORK, April 10- Consumers suffered a setback on Thursday as three big credit card issuers won the dismissal of U.S. lawsuits accusing them of colluding to require that disputes be settled in arbitration rather than class action lawsuits.

  • AlixPartners sues consultants who jumped to McKinsey Thursday, 10 Apr 2014 | 2:41 PM ET

    April 10- AlixPartners, a leading business turnaround advisory firm, sued two former managing directors for breaching employment contracts and stealing trade secrets after they jumped to consulting firm McKinsey& Co..

  • U.S. retailers' March same-store sales Thursday, 10 Apr 2014 | 2:27 PM ET

    *Gap Inc and American Apparel are yet to report same-store sales.

  • NEW YORK, April 10- "Conscious uncoupling" might become all the rage now that actress Gwyneth Paltrow and musician Chris Martin have announced they are separating in a cooperative and respectful way. But there is nothing touchy feely about divorce in the eyes of the Internal Revenue Service.

  • *Biotech indexes have worst day since August 2011. *Bed, Bath& Beyond slumps after earnings. NEW YORK, April 10- U.S. stocks sank on Thursday, with the S&P 500 turning negative for the year and the Nasdaq falling its most in a day since June 2012 as investors again sold high-flying names in the technology and biotech sectors and sought shelter in defensive names.

  • April 10- Rite Aid Corp, the third-largest U.S. drugstore operator, forecast fiscal 2015 sales above analysts' estimates as it benefits from the launch of new generic drugs and enrolls more customers in its loyalty programs.

  • FORMER CANADIAN FINANCE MINISTER FLAHERTY HAS DIED- SUN TELEVISION.