Latest Business News Wires - Business Headlines


  • RIO DE JANEIRO/ BRASILIA, March 27- Brazil's securities watchdog on Thursday suspended the offer of shares in telecommunications company Grupo Oi SA for up to 30 days, dealing a setback to its planned merger with Portugal Telecom.

  • SYDNEY, March 28- The euro nursed broad losses early on Friday, while a rally in dollar-bloc commodity currencies drove the New Zealand dollar to its highest against the greenback in over two years. The euro last traded at $1.3743, having plumbed three-week lows of $1.3728 overnight, and on track to end lower for a second straight week.

  • Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth fund, has been interviewing investment banks in the last few weeks to hire underwriters for an IPO, the sources said on Thursday.

  • WASHINGTON, March 27- The Obama administration on Thursday listed the lesser prairie chicken, a small grassland bird native to parts of the country's oil and gas belt, as "threatened," a move that could draw the ire of some Western lawmakers and energy producers.

  • U.S. high-frequency trading ban unlikely -Nasdaq Thursday, 27 Mar 2014 | 6:44 PM ET

    NEW YORK, March 27- U.S. regulators are unlikely to put rules in place that would harm high-frequency trading as doing so would make trading more difficult and expensive for all investors, Robert Greifeld, chief executive officer of Nasdaq OMX Group said on Thursday.

  • March 27- Red Hat Inc reported better-than-expected quarterly results, helped by strong subscription growth for its Linux operating system, but forecast full-year adjusted profit below average analyst estimate.

  • Wal-Mart sues Visa for $5 billion over card swipe fees Thursday, 27 Mar 2014 | 6:36 PM ET

    March 27- Wal-Mart Stores Inc this week sued Visa Inc for $5 billion, accusing the credit and debit card network of excessively high card swipe fees, several months after the retailer opted out of a class action settlement between merchants and Visa and MasterCard Inc..

  • SAN FRANCISCO, March 27- Facebook Inc is harnessing satellite, drone and other technology as part of an ambitious and costly effort to beam Internet connectivity to people in underdeveloped parts of the world.

  • L&L Energy, which has all of its operations in China and Taiwan, "created the false appearance that the company had a professional management team in place when in reality Dickson Lee was single-handedly controlling the company's operations," the SEC said.

  • March 27- General Motors Co said on Thursday the replacement ignition switch it has ordered to use in a massive passenger car recall will bear a new part number, a step that "eliminates any potential confusion about which part to use in the repair," a spokesman said.

  • SAN JOSE, Calif., March 27- Apple Inc, Google Inc and two other Silicon Valley companies are making progress toward settling a closely watched lawsuit where tech workers allege the companies conspired to avoid competing for each other's employees in order to drive down wages.

  • Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • NY regulator to lower reserves on term-life policies Thursday, 27 Mar 2014 | 6:07 PM ET

    March 27- New York's top financial regulator said it would lower the reserves to be set aside for term-life insurance policies by 30-35 percent on businesses written after Jan. 1, 2015.

  • March 27- A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America Corp of defrauding investors into buying about $855 million of mortgage securities that soured during the financial crisis.

  • NEW YORK, March 27- Trading volumes of emerging market debt edged just slightly higher in 2013 versus the prior year, reflecting investor concerns over changing monetary policies and global economic growth prospects, a new survey showed on Thursday.

  • *After aggressive China push, German firms look to other markets. *Politicians in Berlin keen to avoid dependence on China.

  • WASHINGTON, March 27- Two key propane suppliers, Blue Rhino and AmeriGas, illegally coordinated in 2008 by reducing the amount of propane in tanks from 17 pounds to 15 pounds without cutting the price, U.S. authorities said in an administrative complaint filed against the companies.

  • SAN FRANCISCO, March 27- Andreessen Horowitz, a venture capital firm that has backed Facebook and Twitter, raised $1.5 billion for a its fourth fund, the firm said in a blog post. Andreessen, which has backed companies such as Facebook, is part of an elite group of funds which experience little trouble raising more cash.

  • *Cargill gains access to sugar in top producer Brazil. *Venture may limit options for smaller Brazil mills. Cargill will gain access to sugar in Brazil, the world's top producer, without the financial burden of buying and operating assets, while Copersucar will expand its global footprint and secure Cargill's market know-how, analysts said.

  • WASHINGTON, March 27- More oil than previously thought may have leaked into Lake Michigan this week from BP Plc's Indiana refinery, the company said on Thursday, after two U.S.