Latest Business News Wires - Business Headlines


  • IPOVIEW-Candy Crush brings IPO market back to earth Friday, 28 Mar 2014 | 7:56 PM ET

    NEW YORK, March 28- In the weeks leading up to the IPO of King Digital Entertainment, the company's bankers scrambled to persuade investors that the maker of popular online game "Candy Crush Saga" was more than a one-trick pony, according to a source familiar with the situation.

  • WASHINGTON, March 28- Lockheed Martin Corp has won a U.S. Army contract worth $611 million to build 92 missiles and 50 launcher modification kits, the company's first production contract for a new enhanced missile designed to upgrade the Patriot missile defense system.

  • WASHINGTON, March 28- Japan said on Friday it would be difficult to achieve a breakthrough in talks with the United States on a Pacific trade deal in time for President Barack Obama's trip to Asia next month unless Washington shows flexibility.

  • BOGOTA, March 28- Colombia's biggest food processing conglomerate, Nutresa, hopes to double sales in six years partly through takeovers in foreign markets to capitalize on strong sales growth abroad, top company officials said on Friday. Nutresa's sales in 2013 grew 11.2 percent to $3 billion, one third of which were made in Colombia.

  • Apple, Google, Intel and Adobe argued that any no-hire agreements between the companies were reached independently, and were not part of an overarching conspiracy. An Intel spokesman said the company is studying the ruling.

  • BOGOTA, March 28- Colombia's government-owned oil producer Ecopetrol said on Friday it made the highest offers in a recent auction to explore 11 offshore blocks for crude oil in the Gulf of Mexico, as part of its strategy to boost investment abroad. Their joint offers totaled $73.2 million, of which Ecopetrol's participation is $33.7 million.

  • Moncler to pay dividend of 0.10 euros per share Friday, 28 Mar 2014 | 6:35 PM ET

    MILAN, March 28- Italian quilted jacket maker Moncler said on Friday it would pay a dividend of 0.10 of a euro per share out of its 2013 results for an overall amount of 25 million euros. The company, founded as a skiwear maker in the French Alps in 1952, released its 2013 results in February without disclosing the dividend.

  • NEW YORK, March 28- A federal judge in New York granted class certification on Friday to a group of consumers who sued Apple Inc for conspiring with five major publishers to fix e-book prices in violation of antitrust law.

  • NEW YORK, March 28- A New York judge on Friday unsealed the records of six former Dewey& LeBoeuf employees who.

  • SAN FRANCISCO, March 28- A U.S. judge on Friday rejected a request from Apple, Google and two other tech companies to win judgment before trial in a class action lawsuit over hiring. Plaintiff tech workers allege the companies conspired to avoid competing for each other's employees in order to drive down wages. District Judge Lucy Koh in San Jose, California.

  • NEW YORK, March 28- The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued the auditor PricewaterhouseCoopers for at least $1 billion over its advice on a $6.3 billion European sovereign debt investment that helped fuel the brokerage's rapid demise.

  • March 28- Time Warner Cable Inc said on Friday it was committed to a deal reached with larger cable operator Comcast Corp in response to calls by Charter Communications that shareholders reject the $45 billion merger.

  • WASHINGTON, March 28- The U.S. Energy Department will soon issue a plan to offer loan aid for renewable energy projects, Energy Secretary Ernest Moniz said on Friday, doubling down on investments that have drawn intense criticism over past government-backed business flops.

  • March 28- Payment processor Mercury Payment Systems Inc, backed by private equity firm Silver Lake Group LLC, filed with U.S. regulators on Friday to raise about $100 million in an initial public offering of common stock.

  • NEW YORK, March 28- James Gorman, Morgan Stanley's chief executive and chairman, was awarded total compensation of $12 mln for 2013, double what he got the previous year, the bank said in its proxy filing on Friday.

  • TORONTO, March 28- The union representing Canadian National Railway Co's conductors, yard workers, and traffic coordinators agreed on Friday to go to binding arbitration should contract talks fail, ruling out a potential strike at Canada's largest rail operator.

  • Ukraine is currently reeling from political unrest, shaky public finances and a confrontation with its powerful Russian neighbor, which annexed Crimea, part of Ukraine, earlier this month.

  • NEW YORK, March 28- A federal judge in New York granted class certification on Friday to a group of consumers who sued Apple Inc for conspiring with five major publishers to fix e-book prices in violation of antitrust law.

  • Despite those assurances, the Department of Transportation said the industry has dragged its feet in cooperating with regulators who are trying to understand why several recent derailments of freight trains carrying crude oil also resulted in explosions.

  • Microsoft beefs up customer privacy policy Friday, 28 Mar 2014 | 5:29 PM ET

    SEATTLE, March 28- Microsoft Corp, under fire for accessing an employee's private Hotmail account to prove he was leaking computer code to a blogger, has said it will now refer all suspicions of illegal activity on its email services to law enforcement.