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  • Murder and abuse before deadly migrant crossing Thursday, 23 Apr 2015 | 4:42 PM ET

    CATANIA, Italy, April 23- Italian investigators are piecing together a picture of beatings and abuse that hundreds of Africans and Bangladeshis suffered before setting sail from Libya to Italy, only to drown late on Saturday in one of the worst migrant shipwrecks ever in the Mediterranean. More than 700 people, most locked into the hold and lower deck of a 20-...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • Starbucks extracts more money with pricier drinks, food Thursday, 23 Apr 2015 | 4:16 PM ET

    NEW YORK— Starbucks is extracting more money from customers with offerings like a "Flat White" espresso drink and revamped baked goods that cost a little more. The Seattle- based chain reported a higher quarterly profit Thursday, with sales jumping 7 percent at established U.S. stores. Dunkin' Donuts, which has been trying to appeal to new coffee drinkers with the...

  • CHICAGO, April 23- Caterpillar Inc on Thursday gave a somber outlook for the rest of 2015, facing stiffening competition thanks to the strong U.S. dollar, weak oil prices bringing a tough energy equipment market and geopolitical tensions posing risks to growth. Peoria, Illinois- based Caterpillar said the strong dollar lowered the cost of imported goods in the...

  • CHICAGO, April 23- Caterpillar Inc on Thursday gave a somber outlook for the rest of 2015, facing the strong U.S. dollar stiffening competition, weak oil prices bringing a tough energy equipment market and geopolitical tensions posing risks to growth. Caterpillar shares were down 1 percent in midday trading. Peoria, Illinois- based Caterpillar said the strong...

  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • MOSCOW, April 23- Russia and Argentina signed several cooperation documents in the energy sector on Thursday, underlining Moscow's drive to deepen ties with countries in South America since coming under Western sanctions over the Ukraine crisis. Russian state-owned gas producer Gazprom signed a memorandum on cooperation with state oil company YPF, while...

  • CHICAGO, April 23- Caterpillar Inc on Thursday reported a better-than-expected quarterly profit despite lower sales and gave a somber outlook for the rest of 2015 based on the strong U.S. dollar, weak oil prices and geopolitical tensions. Caterpillar said the strength of the dollar lowered the cost of imported goods in the first quarter, especially from Japan,...

  • Frito-Lay helps PepsiCo crunch Wall St. expectations Thursday, 23 Apr 2015 | 7:32 AM ET

    NEW YORK— PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. PepsiCo's snack and beverage volumes rose in the unit encompassing Asia, the Middle East and Africa. For the full year, PepsiCo said it now expects currency translations to hit its core earnings per share by 11...

  • Heinz Awards honors 6 for solving critical human issues Thursday, 23 Apr 2015 | 12:08 AM ET

    PITTSBURGH— A Massachusetts Institute of Technology researcher who has developed artificial human "microlivers" that can safely test the toxicity of drugs without endangering lives is one of six people chosen to receive Heinz Awards. This year's winners, announced Thursday by the Pittsburgh- based Heinz Family Foundation, include MIT researcher Dr.

  • COPENHAGEN, Denmark— Bound by the laws of the sea to help vessels in distress, shipping companies say Europe's migration crisis has placed unreasonable demands on their crews to act as lifesavers in the Mediterranean. We shouldn't be doing the rescuing in any case, "said Dimitrios Banas of the European Community Shipowners' Associations. The Mediterranean is...

  • *Ghana hoped arbitration would reassure investors. *Ghana and Ivory Coast are economic rivals. DAKAR/ ACCRA, April 22- Ghana's decision to seek arbitration in a dispute with Ivory Coast over an oil-rich basin in the Atlantic could prove costly for the country and a consortium led by Tullow if a court halts development there.

  • But Reuters polls of more than 250 economists across Europe and North America show only modest upgrades to growth forecasts and a reluctance to relinquish a depressed inflation view, despite the rush of rate cuts and central bank cash that most respondents believe is far from over. Germany's DAX index has rallied more than 20 percent since the start of the year...

  • McDonald's plots turnaround as sales continue to slide Wednesday, 22 Apr 2015 | 8:09 AM ET

    OAK BROOK, Ill.— McDonald's first-quarter profit fell, partly because of sliding sales, costs to close underperforming restaurants and a stronger dollar. For the first quarter, McDonald's earned $811.5 million, or 84 cents per share, for the period ended March 31. That compares with $1.2 billion, or $1.21 per share, a year earlier.

  • *Repeats 2015 guidance: sales $7.1- 7.5 bln, EBITDA $2.2- 2.35 bln. Earnings before interest, tax, depreciation and amortisation were $565 million, compared with $478 million a year ago and a mean forecast of $544 million in a Reuters poll of analysts. Millicom repeated it expected core profit to rise to between $2.2 billion and $2.35 billion in 2015 on revenue of...

  • WASHINGTON, April 22- Nearly 80 percent of American companies surveyed by two human rights groups failed to meet a U.S. rule requiring they monitor whether their products contain minerals from war-torn Africa. The joint report by Amnesty International and Global Witness is the first by outside groups to analyze so-called "conflict mineral" disclosures by U.S....

  • Indonesia calls for new financial global architecture Wednesday, 22 Apr 2015 | 12:01 AM ET

    JAKARTA, April 22- Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past. Widodo made no mention of the China-backed Asian Infrastructure Investment Bank that is seen as a threat to the Western-dominated World Bank...

  • LOUISVILLE, Ky.— Yum Brands Inc.' s first-quarter profit fell but still topped Wall Street expectations as global sales jumped at its Taco Bell and KFC brands. The parent company of KFC, Taco Bell and Pizza Hut reported a profit of $362 million, or 81 cents per share, for the quarter that ended on March 21, down 9 percent from $399 million, or 87 cents per share, the year...

  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognized Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognised Prime Minister Abdullah al-Thinni said this month that oil sales would...