Gulf of Mexico just 12 miles from another discovery announced last week by partners Anadarko Petroleum Corp and ConocoPhillips. Other owners of Coronado are ConocoPhillips with 35 percent, a unit of Anadarko with 15 percent and Venari Offshore LLC with 10 percent stake.
KUWAIT, March 25- Current oil prices are fair, Kuwait's oil minister told reporters on Monday on the sidelines of an energy conference in Kuwait. "The prices now are fair," Hani Hussein said. Brent crude rose above $108 a barrel on Monday after ending last week down 2.2 percent in its second straight week of losses.
*Quarterly profit beats Wall Street estimates. March 22- Tiffany& Co said the pace of its worldwide sales growth would pick up this year, helped by faster growth in Asia and a more compelling selection of lower-price silver jewelry. "It's relief that things are normalizing in China and in its silver jewelry," Morningstar analyst Paul Swinand said.
Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to Yahoo for a reported $30 million. The terms of the sale, four months after Summly was launched for the iPhone, have not been disclosed and D'Aloisio, who is still studying for school exams while joining Yahoo as its youngest employee, was not saying.
*eBay to favor growth over profit margins- analyst. The move increases PayPal's potential market by a factor of at least 10, and has been a big driver of the shares of owner eBay Inc, which surged 68 percent in 2012..
DETROIT, March 25- U.S. automakers joined other Michigan businesses on Monday in donating $8 million for new ambulances and police cars to Detroit as state-appointed emergency manager Kevyn Orr took over running the destitute city.
BRUSSELS, March 25- A rescue programme agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems and other countries may have to restructure their banking sectors, the head of the region's finance ministers said.
MOSCOW, March 25- Russia signalled on Monday it would backstop the European Union's bailout of Cyprus despite anger that the weekend rescue deal would impose heavy losses on uninsured depositors, many of them Russian.
*Special committee continues to support Michael Dell, Silver Lake deal. March 25- Dell Inc said it received alternative proposals from Blackstone Group LP and Carl Icahn that could be superior to the $24.4 billion offer from founder Michael Dell and private equity fund Silver Lake Partners last month.
March 25- Dell Inc confirmed it had received alternative buyout offers from Blackstone Group LP and Carl Icahn, following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake.
NEW YORK, March 25- Shares of Gulfport Energy were in free fall last spring, dropping 55 percent in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio.
FRANKFURT, March 21- Employees at the Bochum, Germany car plant of General Motors' Opel unit have rejected a restructuring deal agreed by union leaders and management, meaning production at the plant will now cease at the end of next year, the company said.
TOKYO, March 25- Japanese government bond prices mostly gained on Monday and the yield curve flattened as expectations the Bank of Japan will step up buying in longer maturities overwhelmed an increase in risk appetites following a bailout deal for Cyprus. "Progress in Cyprus was negative for JGBs.
NEW YORK, March 24- U.S. stocks could break through to all-time closing highs this week, but it could depend on a solution to Cyprus' fiscal woes. Cyprus faces a Monday deadline to avert a collapse of its banking system.
*Cyprus will get first tranche of bailout in early May. *Euro, Asian shares rise on revamped Cyprus deal. Cyprus clinched a last-ditch deal with international lenders for a $13- billion bailout that will shut down the Mediterranean island's second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians.
SINGAPORE, March 25- Gold edged lower on Monday, as Cyprus reached a bailout plan with international lenders pending approval from euro zone finance ministers, weighing on sentiment for the safe haven metal.
*China to boost domestic iron ore output by 20 mln T in 2013. Global miners Vale of Brazil, as well as Australia's BHP Billiton and Rio Tinto, have banked on sustained increases in iron ore demand from China to justify massive expansion plans.
BOSTON/ CHARLOTTE, March 25- Bank of America Corp Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy that the bank instituted following investor pressure.
*Gold hit 1- week low on Cyprus bailout deal. SINGAPORE, March 25- Gold edged up on Monday as purchases from jewellers crept in after prices dropped to an almost one-week low on a last-minute deal to bailout Cyprus. Gold added $2.76 to $1,610.71 an ounce by 0319 GMT after earlier hitting $1,602.59-- its weakest since March 19. "
Revamped Cyprus deal to close bank, force losses.