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  • Rio Tinto unshakeable in drive for more iron ore Wednesday, 6 May 2015 | 10:25 PM ET

    PERTH, May 7- Rio Tinto said on Thursday it would continue producing iron ore at full tilt, despite a 55 percent plunge in prices since the start of last year, even as rivals BHP Billiton and Brazil's Vale lightly tap the brakes. "With iron ore now trading around $60 a tonne delivered into China, we have more to do to ensure that we maintain the margin between ourselves...

  • May 6- New York Governor Andrew Cuomo said on Wednesday he would create a so-called Wage Board, a move apparently designed to allow him to raise the minimum wage without the approval of state lawmakers. Cuomo in his January budget recommended raising the minimum wage to $11.50 an hour in New York City and $10.50 elsewhere in the state, only to see that proposal...

  • Brazil lower house passes key fiscal adjustment measure Wednesday, 6 May 2015 | 10:10 PM ET

    BRASILIA, May 6- A measure that reduces the cost of social welfare benefits narrowly cleared the lower chamber of Brazil's Congress on Wednesday night in a tense victory for President Dilma Rousseff's efforts to cut a fiscal deficit and restore investor confidence. Lawmakers voted 252-227 to pass the bill that toughens conditions for jobless Brazilians to...

  • WILLISTON, N.D., May 6- A BNSF train that derailed in central North Dakota on Wednesday was carrying railcars owned by Hess Corp, 10 of which caught fire and forced the evacuation of a nearby town, the oil producer told Reuters late Wednesday. Hess, the third-largest North Dakota oil producer, said BNSF is leading cleanup efforts but added it stands ready to assist.

  • PYEONGTAEK, South Korea, May 7- Samsung Electronics Co Ltd said on Thursday its new $14 billion South Korean chip plant, which is expected to help drive growth as smartphone earnings slow, will start production sometime in the first half of 2017.. The world's No.2 chip maker by revenue did not specify what products will be made at the new production line, which will...

  • EXCLUSIVE-HESS CORP TELLS REUTERS BNSF DERAILMENT NEAR HEIMDAL, N.D., ON MAY 6 WAS CARRYING HESS-OWNED RAILCARS.

  • HESS CORP SAYS BNSF TAKING LEAD ON ACCIDENT REMEDIATION; SAYS READY TO ASSIST.

  • HESS CORP SAYS IT IS' FULLY COMPLIANT' WITH NORTH DAKOTA CRUDE TREATMENT RULES THAT WENT INTO EFFECT APRIL 1.

  • MELBOURNE, May 7- London copper was little changed on Thursday, not far from recent five-month peaks, as a weaker dollar and hopes for further economic easing by top metals user China offset concerns about faltering demand growth in the world's top two economies. *The most-traded July copper contract on the Shanghai Futures Exchange slipped 0.6 percent to...

  • Argentina cuts March export taxes on biodiesel Wednesday, 6 May 2015 | 9:35 PM ET

    BUENOS AIRES, May 6- Argentina's government on Wednesday cut export taxes on biodiesel retroactively for March to 5 percent from 8.9 percent in a bid to support a sector hurt by the fall in oil prices and by trade obstacles with the European Union. Argentina used to be the world's No. 1 biodiesel supplier until the European Union in 2013 raised tariffs on Argentine...

  • May 6- Exxon Mobil Corp said a breakdown related to an unspecified unit caused flaring at its 149,500- barrel-per-day refinery in Torrance, California, on Wednesday.

  • HAVANA, May 6- The Cuban government will send a 48- member medical team including 22 doctors to Nepal in response to the April 25 earthquake that killed more than 7,600 people, official Cuban media said on Wednesday, citing Health Ministry officials. The Communist government has traditionally sent medical teams abroad in response to disasters, including last...

  • Members of Shop Your Way, which offers points and tailored deals, accounted for 74 percent of overall sales in 2014. That relatively high percentage for a mass retailer offers Sears valuable insights into its customer base, said Dennis Armbruster, managing partner at LoyaltyOne Consulting, which specializes in affinity programs. Sears has invested hundreds...

  • PRECIOUS-Gold capped below $1,200 as bond yields jump Wednesday, 6 May 2015 | 9:05 PM ET

    SINGAPORE, May 7- Gold remained under pressure on Thursday as higher bond yields dented the investment appeal of the metal, while uncertainty over the timing of a Federal Reserve rate hike also weighed. Spot gold was little changed at $1,190.31 an ounce by 0050 GMT, after losing 0.1 percent in the previous session and still firmly below the key $1,200 level.

  • Lockheed F-35 gets first female pilot - Air Force Wednesday, 6 May 2015 | 9:00 PM ET

    all-female combat sortie over Afghanistan in 2011, this week became the first woman to fly the Lockheed Martin Corp F-35 jet, the Air Force said on Wednesday. Mau, deputy commander of the 33rd Fighter Wing Operations Group, on Tuesday completed her first training flight in the single-seat stealth fighter after 14 virtual training missions in a simulator, said...

  • Paulson, Bernanke: What's said in Vegas stays in Vegas Wednesday, 6 May 2015 | 8:59 PM ET

    LAS VEGAS May 6- Would you like to know whether sage investor and mammoth hedge fund manager John Paulson is bullish on stocks? The SkyBridge Alternatives Conference, known as SALT, attracts 1,800 investors who pay thousands of dollars apiece to attend the annual Las Vegas event. As the head of $20 billion firm Paulson& Co., Paulson's thoughts on the markets and...

  • WICHITA, Kansas, May 6- The Oklahoma Grain and Feed Association projected the yield of Oklahoma's 2015 winter wheat crop at 29.4 bushels per acre, an official with Plains Grains, a wheat industry group, said on Wednesday. Mark Hodges of Plains Grains said the Oklahoma Grain and Feed Association projected Oklahoma wheat production at 111.7 million bushels, based...

  • Oil prices fall after hitting 2015 highs Wednesday, 6 May 2015 | 8:45 PM ET

    *OPEC indicates it will not cut output alone. OPEC comments made overnight also indicate that core Gulf oil producers are not wavering in their strategy to focus on market share rather than cutting output alone, suggesting big policy changes are unlikely at the June meeting unless non- OPEC producers change their stance. As a result, benchmark Brent crude...

  • Cuba says to send 48-member medical team to Nepal Wednesday, 6 May 2015 | 8:45 PM ET

    HAVANA, May 6- The Cuban government will send a 48- member medical team including 22 doctors to Nepal in response to the April 25 earthquake that killed more than 7,600 people, official Cuban media said on Wednesday, citing Health Ministry officials.

  • Facebook's Seattle site leader leaves company Wednesday, 6 May 2015 | 8:43 PM ET

    SEATTLE, May 6- The leader of Facebook Inc's fast-growing Seattle office left the company last month, a spokeswoman for the online social network told Reuters on Wednesday, a crucial personnel change at Facebook's largest engineering office outside of its Silicon Valley headquarters. Engineering manager Paul Carduner, who took over leadership of the...