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  • Ace tops Street 4Q forecasts Tuesday, 27 Jan 2015 | 4:27 PM ET

    ZURICH _ Ace Ltd. on Tuesday reported fourth-quarter profit of $555 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share. Analysts expected $4.52 billion, according to Zacks.

  • Donors pledge record $7.5B for global vaccines program Tuesday, 27 Jan 2015 | 1:58 PM ET

    BERLIN— Governments and private donors, among them the Bill and Melinda Gates Foundation, have pledged a record $7.5 billion to replenish a global vaccination program for the poor. The Gates Foundation gave $1.55 billion to the public-private Gavi alliance that has immunized hundreds of millions of children worldwide since 2000.. Britain pledged $1.57...

  • ATHENS, Jan 27- Greek Prime Minister Alexis Tsipras named a cabinet of anti-austerity veterans and halted privatisation of Greece's biggest port on Tuesday, signalling he aims to stick to election pledges despite warning shots from the euro zone and financial markets. Promising to reverse budget cuts and renegotiate Greece's huge debts, Tsipras's leftist...

  • BERLIN, Jan 27- International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia. At a Global Alliance for Vaccines and Immunization conference in Berlin, Microsoft founder Bill Gates and the British government topped the donations list at $1.55 billion and $1.5...

  • BERLIN, Jan 27- International donors led by Bill Gates and Britain pledged $7.5 billion on Tuesday for vaccines to immunise 300 million children in poor countries against potentially deadly diseases like diarrhoea and pneumonia, Germany's development minister said. At a Global Alliance for Vaccines and Immunisation conference in Berlin, the British...

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak results at companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The euro zone's blue-chip Euro STOXX 50 index also declined 1.4 percent after a similar eight-day winning streak.

  • MUNICH, Jan 27- Siemens Chief Executive Joe Kaeser faced tough questions on Tuesday about his stewardship of Europe's biggest engineering group, 18 months after overthrowing his predecessor in a messy boardroom coup. Siemens shares fell more than 3 percent and Kaeser, 57, faced criticism at the company's annual meeting in Munich. "Even if you are the right man at...

  • The ruling at The Hague District Court clears the way for Vladimir Drinkman to be sent to New Jersey, where he is one of four Russians and a Ukrainian charged in a sophisticated data breach that netted at least 160 million credit and debit card numbers and resulted in losses of hundreds of millions of dollars over seven years. Drinkman's lawyer, Bart Stapert,...

  • *France now the biggest source of new migrants to Israel. JERUSALEM, Jan 27- At a busy supermarket in Jerusalem a smartly dressed woman, recently arrived in Israel, was stopping shoppers to ask if anyone spoke French. With anti-Semitism rising in France, and their worries stoked by this month's killing of four Jews in a kosher supermarket in Paris, French Jews now...

  • NEW DELHI— India and America's declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts. President Barack Obama's three-day visit to New Delhi raised hopes for concrete plans to tackle India's fossil fuel dependency and to resolve a four-year standoff over liability that...

  • BRUSSELS, Jan 27- EU finance ministers agreed on Tuesday to loan Ukraine 1.8 billion euros to help save it from bankruptcy, leaving open the option of increasing aid at a later stage. Diplomats at the meeting in Brussels said several EU governments including Britain pushed for as much as 2.6 billion euros in medium-term loans for this year and 2016..

  • LONDON, Jan 27- The European Union will put in place its "capital markets union" by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed. The document, co-written by EU financial services chief Jonathan Hill, sets out a timetable for the first time on a core policy plank of the European Commission to...

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak figures from leading companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The benchmark Athens ATG equity index fell 3.6 percent and Greece's borrowing costs rose.

  • BRUSSELS— European Union leaders are threatening fresh sanctions against Russia because of what it sees as "growing support" of Moscow for separatists in eastern Ukraine during intensified fighting over the past days. The European Union has imposed a series of economic and political sanctions on Moscow and officials linked with last year's annexation of...

  • Swiss drug maker Novartis posts Q4 profit drop Tuesday, 27 Jan 2015 | 3:36 AM ET

    BERLIN— Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland- based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion...

  • FRANKFURT, Germany— Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line. That was down from 1.46 billion euros a year earlier. CEO Joe Kaeser said Tuesday net profit was hurt by a reassessment in the value of financial derivatives the company...

  • AMSTERDAM— Royal Philips NV, the world's biggest lighting maker, said Tuesday that its net profit slumped in 2014' s fourth quarter to 134 million euros from 412 million euros a year due to declining sales and restructuring costs. Shares plunged 5 percent on the Amsterdam stock exchange before rallying slightly to be down 4.3 percent at 25.64 euros early Tuesday.

  • TOKYO— The plight of freelance journalist Kenji Goto, taken captive by Islamic State group militants, has gripped Japan, and the people's hopes for his safety are now on Facebook with a simple, unifying plea: "I am Kenji." "We want Kenji to come home," said Taku Nishimae, a Japanese filmmaker living in New York, who started the "I am Kenji" Facebook page, right after seeing last...

  • UPDATE 1-Facebook, Instagram suffer widespread outage Tuesday, 27 Jan 2015 | 2:11 AM ET

    Jan 27- Facebook and Instagram services were down Tuesday with the social media site saying it is working on fixing the issue, several users said. We're working on it and we'll get it fixed as soon as we can, "Facebook said on its website. Users in the United States and many countries in Asia and Europe reported that they were unable to log on to the website and mobile...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...