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  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • *Will likely avoid big decision on Greece. FRANKFURT, March 5- Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects when it meets on Thursday and unveil some but not all the details of its 1 trillion euros- plus bond buying plan. Meeting in Cyprus, the ECB will keep rates on hold, likely lift growth forecasts...

  • NEW YORK— Upscale hotel chain Mandarin Oriental says it is investigating a potential credit card breach at its hotels. Mandarin Oriental said it is coordinating with credit card agencies and forensic specialists. Mandarin Oriental operates hotels across the world including Paris, Shanghai, Hong Kong, London, New York, Miami, San Francisco, Prague, Boston, Las...

  • ANKARA/ ISTANBUL/ NEW YORK, March 4- Turkey's prime minister and his economic team sought on Wednesday to calm the nerves of top investors in New York who hold more than 20 percent of the main Istanbul stock index, after President Tayyip Erdogan's tirades against the central bank helped send the lira to record lows. Erdogan has repeatedly attacked the bank over its...

  • Report: J&J close to deal to buy partner Pharmacyclics Wednesday, 4 Mar 2015 | 6:24 PM ET

    Health care giant Johnson& Johnson reportedly is close to buying biopharmaceutical company Pharmacyclics, its longtime partner in developing blood cancer treatment Imbruvica. London's Financial Times reports "people familiar with the matter" say Johnson& Johnson's anticipated offer would value Pharmacyclics of Sunnyvale, California, above its current...

  • Alibaba opens data center in Silicon Valley Wednesday, 4 Mar 2015 | 5:42 PM ET

    NEW YORK— The cloud-computing unit of Chinese e-commerce powerhouse Alibaba is making its first foray into the U.S. by opening a data center in Silicon Valley. Aliyun, Alibaba's cloud-computing subsidiary, is opening the center to try to sell its data storage and other services to U.S. companies. In China, Aliyun has been offering commercial cloud services to...

  • FOREX-Euro thumped as ECB looms, Aussie data in focus Wednesday, 4 Mar 2015 | 5:35 PM ET

    *Australia retail sales, trade data next in focus. SYDNEY, March 5- The euro wallowed at its lowest in over 11 years against the greenback early on Thursday, having suffered a big setback as investors waited for the European Central Bank to announce more details of its massive bond-buying program. The euro zone common currency fell as far as $1.1061, a low not seen...

  • UK fraud office probes central bank auctions Wednesday, 4 Mar 2015 | 4:46 PM ET

    LONDON— Britain's Serious Fraud Office says it is investigating Bank of England auctions in 2007 and 2008 that were designed to inject cash into the banking system during the financial crisis. The announcement late Wednesday came as Britain's central bank confirmed that it commissioned its own inquiry into the auctions last year. Britain's Financial Times...

  • —United Airlines just changed MileagePlus program on Sunday to reward passengers based on spending. —Delta Air Lines, which shifted its SkyMiles program to a spending-based system in January, took away the charts showing the minimum number of points needed for various trips. —Southwest Airlines, which went to a spending-based program in 2011, will change the...

  • *Europe equities rebound after falling on regional PMI data. NEW YORK, March 4- Stock prices around the world fell on Wednesday on profit-taking, while the euro dropped to an 11-1/ 2- year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond-purchase stimulus plan. It held above $60 a barrel on Iran's...

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • MADRID— The European Commission's leader says he does not believe Spain and Portugal have a "diabolical" plot to oust Greece's new far left government as they pressure Greece to comply with bailout terms they both had to endure. EC President Jean-Claude Juncker made the comments Wednesday after a brief summit in Madrid with the leaders of France, Spain and...

  • NEW YORK, March 4- The dollar climbed to a fresh 11-1/ 2- year high on Wednesday, boosted by strong U.S. private-sector jobs growth ahead of the launch of quantitative easing by the European Central Bank. The dollar hit its highest since September 2003 against a basket of currencies and was last up 0.6 percent at 95.958. Separately, the Institute for Supply...

  • NEW YORK— No cars and solar power for Facebook, it seems. Asked at a town hall event at the Mobile World Congress in Barcelona, Spain, if the world's biggest social network had ambitions outside of social media and the Internet, CEO Mark Zuckerberg said Facebook is "pretty focused." Google has a driverless car, has invested in solar power and is working on...

  • How much sugar is in that? 7 foods with added sugar Wednesday, 4 Mar 2015 | 2:54 PM ET

    The World Health Organization finalized guidelines Wednesday saying people should keep intake of added sugars to just 5 to 10 percent of overall calories, which translates to about 25 to 50 grams of sugar a day for most people. By comparison, sugar intakes ranges in Europe from about 7 percent in Hungary to nearly 25 percent in Portugal. In fact, that's one reason...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • FDA approves Bristol-Myers drug for lung cancer Wednesday, 4 Mar 2015 | 2:22 PM ET

    WASHINGTON— The Food and Drug Administration on Wednesday expanded approval of an innovative Bristol-Myers Squibb drug to treat the most common form of lung cancer. The FDA first approved Bristol's drug in December for melanoma, the deadliest form of skin cancer. Evercore ISI analyst Mark Schoenebaum said in an investment note that Opdivo could garner sales...

  • LONDON, March 4- Britain on Wednesday told Russian oligarch Mikhail Fridman he had seven days to explain why he should be allowed to retain ownership of newly acquired oil and gas fields in the North Sea or face being forced to sell them. Upping the ante in a standoff that could deter other Russians from investing in Britain, Ed Davey, Britain's energy minister,...

  • Over the past week alone, both Barclays and Goldman Sachs revisited the aging story and both agree the 30- year expansion of workers in the peak savings years just before retirement was chiefly responsible for a glut of savings that has driven bond yields inexorably downwards since the late 1980 s. Morgan Stanley came to similar conclusion last October.

  • KIEV, March 4- A month ago, Natalia Sorokun, 40, went to a downtown Kiev branch of Delta Bank to ask if the bank was solid enough to continue keeping her safe deposit box of valuables there. Now, a day after Ukraine's central bank declared Ukraine's fourth largest bank insolvent, Sorokun and other Delta Bank customers could only knock on the bank's locked door in hope...