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  • TowerBrook to buy women's clothing brand J.Jill Tuesday, 31 Mar 2015 | 9:18 AM ET

    It is being acquired by TowerBrook Capital Partners L.P. which is buying it from the investment firm Arcapita and private equity firm Golden Gate Capital. TowerBrook, which has offices in New York and London, has diverse investments, including the St. Louise Blues ice hockey team and aircraft interior designer AIM Aviation.

  • LONDON, March 31- Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years, the last of Britain's big oil-fired power plants to close. Now its closure marks the impact of higher oil prices and EU-wide policies, agreed by Britain's major political parties, to move away from fossil...

  • *Greece worries drive euro down 1 pct on day. On Tuesday, though, investors focused on worries over whether Greece can secure financial aid before it runs out of cash in three weeks, pushing the euro down as much as 1 percent to $1.0713. Greece and its lenders had failed to reach an initial deal on reforms, officials told Reuters earlier on Tuesday.

  • *FTSE 100 down 0.9 pct. Consumer staple stocks trimmed nearly 16 points off the blue-chip FTSE 100, weighed down by a 2.4 percent fall in British American Tobacco and a 2.6 percent drop in Imperial Tobacco. Imperial Tobacco hit record highs earlier this month and is up 13 percent since the deal was announced.

  • LONDON— Britain's national statistics agency says the economy grew faster than previously thought last year. The figures confirm that Britain's economy is one of the fastest-growing among developed nations. Ben Brettell, senior economist at Hargreaves Lansdown, says this is "the latest in a long list of good news stories about the U.K. economy, which is sure to...

  • *Iran negotiations in Lausanne enter last 24 hours. LONDON, March 31- Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. With a self-imposed deadline set for the end of the day, the United States, Britain,...

  • LONDON— The 19- country eurozone isn't going to be the driving force of the global economy anytime soon, but it's increasingly evident that its numbers are heading the right way. Eurozone inflation rates have been negative since last December, a headache that prompted the European Central Bank earlier this year to launch a 1.1 trillion-euro government...

  • The stock market closed out the first three months of the year Tuesday on a down note, erasing much of the gains from the prior day's big rally. The Dow Jones industrial average slumped 200 points, knocking the blue chip index slightly lower for the year. The Standard& Poor's 500 index ended the quarter with a meager gain of half a percent.

  • LONDON, March 31- The euro remained on track for its biggest quarterly fall and European shares for their best first quarter of the euro era on Tuesday as worries about Greece's finances kept the single currency under pressure. It is up a whopping 16 percent since Jan. 1, with Germany's DAX up 23 percent and France's CAC 19 percent higher, compared to a more modest 5...

  • FOREX-Euro heads for worst quarter on record Tuesday, 31 Mar 2015 | 3:43 AM ET

    LONDON, March 31- The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever as investors bet on an increasingly divergent monetary policy outlook between the euro zone and the United States. Its losses have been driven by the European Central Bank's launch of a 1.1 trillion euro quantitative easing programme...

  • NEW YORK/ LONDON, March 30- Mergers and acquisitions this year reached their highest first-quarter level since 2007, as companies defied headwinds such as currency and oil price volatility and sought growth-boosting deals amid favorable financing conditions. "The deal activity in the first quarter was driven by continuing cash accumulation at companies,...

  • March 30- Aluminum maker Alcoa Inc said on Monday it will shut its only remaining smelter in Brazil, the latest victim of a toxic mix of weak metal prices and high energy costs. The closure will cut Brazil's annual production to under 900,000 tonnes even as consumption is expected to grow as South America's largest economy prepares to host the 2016 Olympics.

  • FRANKFURT, March 30- Germany's Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The initial estimate represents about 20 percent of the $1.5 billion in premiums in the global market for airline insurance.

  • LOS ANGELES— You can bring your beach towels and floral headbands, but forget that selfie stick if you're planning to go to the Coachella or Lollapalooza music festivals. Coachella dismissed them as "narsisstics" on a list of prohibited items. In Europe, the Palace of Versailles outside Paris, Britain's National Gallery in London and the Colosseum in Rome have all...

  • BRUSSELS, March 29- After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. But there is growing frustration in Brussels, Berlin and Paris at the lack of clarity over Prime Minister David Cameron's goals if he is re-elected on May 7 and seeks...

  • *China shares hit seven-year high on new Silk Road project. NEW YORK, March 30- The dollar rose and global equity markets surged on Monday on merger and acquisition activity among drugmakers on both sides of the Atlantic, while Chinese stocks hit a seven-year high on an ambitious government plan to create a modern Silk Road. Earlier, China unveiled details of an...

  • *Iran nuclear deal by Tuesday could bring more oil to market. NEW YORK, March 30- Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market. "We're likely to stay jittery through the...

  • NEW YORK, March 30- The euro slumped against the dollar on Monday on worries over whether Greece would secure aid before it runs out of cash in three weeks, while the greenback gained versus other currencies on the view the Federal Reserve will raise U.S. interest rates this year. Athens sounded upbeat about talks with its creditors to release funds from its 240-...

  • What is the preeminent trading venue for industrial commodities in China now boasts a base metals portfolio that fully matches that of the London Metal Exchange, which dominates trading everywhere outside of China. Are Hong Kong and Shanghai future collaborators or potential competitors in the world of metals pricing? But there remains a wide gulf between...

  • *UK faces ultra-close national election on May 7. LONDON, March 30- Campaigning in Britain's closest election in decades began on Monday after Prime Minister David Cameron met Queen Elizabeth to tell her parliament had been dissolved, teeing up a fraught battle to govern a $2.8 trillion economy. Britain excels at set-piece constitutional events.