Latest Business News Wires - Business Headlines


  • WASHINGTON, April 3- Bank of America Corp is close to a settlement with the U.S. Consumer Financial Protection Bureau over problems with products sold as add-ons to credit cards, sources familiar with the talks said.

  • NEW YORK, April 3- Citigroup Inc said on Thursday that Gene McQuade, a bank executive who was retiring to become a director, will lead a new push to win permission from the Federal Reserve to pay higher dividends and buy back stock. Corbat said the Fed's rejection last week of Citigroup's plan to distribute capital "is a call to action for our firm."

  • *Anadarko Petroleum settles pollution clean-up claims; stock soars. NEW YORK, April 3- U.S. stocks slipped on Thursday, as investors turned cautious ahead of Friday's monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly 1 percent.

  • OTTAWA, April 3- As a decision nears on naming the Bank of Canada's new No. 2 policymaker, one of two vacancies on its key rate-setting committee, analysts say the bank should tap internal talent for at least one of the jobs instead of looking outside.

  • April 3- Exxon Mobil Corp, the world's largest publicly traded oil company, has agreed to disclose more information about the environmental risks of hydraulic fracturing, the process known as fracking.

  • HONG KONG, April 4- A crackdown on a once-thriving sex trade in China's factory of the world will come with a significant economic cost for the city of Dongguan's local government, which relies heavily on the entertainment industry for tax revenues.

  • NEW DELHI, April 4- India's high-profile central bank governor is likely to come under political pressure to retreat from his hawkish stance on inflation if opposition leader Narendra Modi wins power in the country's general election.

  • April 3- If Mario Draghi's biggest fear has come to pass and yet he does nothing, it follows that he may believe that there is little he can do. Or rather that the costs and risk of what he feels is within the ECB's ambit aren't yet worth the potential benefits. How else to reconcile the ECB's decision to stand pat on monetary policy with the following statement:.


  • NEW YORK, April 3- Boeing Inc is considering buying Mercury Systems Inc, a supplier of digital signal and image processing systems to the aerospace and defense industry, according to two people familiar with the matter.

  • WASHINGTON, April 3- International rules for handling the kind of petroleum shipments involved in several recent fiery derailments may need to be revised, the United Nations said, in a move that could rattle the fast-growing oil-by-rail sector.

  • BENGHAZI/ TRIPOLI, Libya, April 3- Libya has seen evidence of "good intentions" at indirect talks with eastern rebels which could lead to the lifting of their blockage of major oil ports within days, a government minister said on Thursday.

  • *Brent bounces back from 5- month low on doubts on Libya. NEW YORK, April 3- The euro fell on Thursday after the European Central Bank pledged to use unconventional measures if needed to battle low inflation, and a global gauge of stocks dipped after touching a six-year high.

  • April 3- Bank of America Corp is in talks to may pay more than $800 million to settle allegations by the Consumer Financial Protection Bureau that it forced customers to sign up for extra credit-card products, the Wall Street Journal reported, citing people familiar with the matter.

  • SAN FRANCISCO, April 3- Mozilla Chief Executive Brendan Eich has stepped down, the company said on Thursday, after an online dating service urged a boycott of the company's web browser because of a donation Eich made to opponents of gay marriage.

  • *Republican: Japan should sit out trade talks if not ready. WASHINGTON, April 3- The United States pressed Japan on Thursday to open its farm and auto markets to overseas competition and said it could not expect special treatment in a Pacific trade pact covering one-third of global imports and exports.

  • *Rea to propose five nominees to Martinrea's board. *Martinrea's stock has underperformed peers. Rea Holdings, a Toronto- based holding company controlled by Nat Rea, a former president and deputy chairman of Martinrea, said on Thursday it intends to propose five nominees for election to the board, setting the stage for a proxy battle.

  • NEW YORK, April 3- U.S. stocks slipped on Thursday, with a sharp drop in biotech and momentum stocks pushing the Nasdaq Composite down nearly 1 percent. The Dow Jones industrial average dipped 0.45 of a point to end unofficially at 16,572.55. The S&P 500 declined 2.13 points or 0.11 percent, to finish unofficially at 1,888.77.

  • NEW YORK, April 3- Longer-dated U.S. The Labor Department said initial claims for unemployment benefits increased 16,000 to a seasonally adjusted 326,000 in the week ended March 29, exceeding economists' expectations of a rise to 317,000..

  • NEW YORK, April 3- Brent crude gained more than $1 on Thursday, widening its premium to U.S. crude, as doubts persisted that a lasting deal was imminent to reopen vital Libyan oil ports and as tension between Russian and Ukraine intensified.