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  • *Markit manufacturing hits 4- month high, ISM hits 13- month low. NEW YORK, March 2- The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot.com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy. Real earnings and revenue are driving the...

  • *Nasdaq passes 5,000 as Wall Street extends winning streak. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. This bull market still has some room to go, "said Jason Pride, director of investment strategy at Glenmede in Philadelphia.

  • DETROIT, March 2- General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday. To help with its goal to boost its share to 5 percent from about 3 percent now, it is almost doubling spending on the brand in that time frame,...

  • MEXICO CITY/ BRASILIA, March 2- Mexico is willing to extend an auto export quota pact with Brazil for up to two more years, provided restrictions are eased when the current agreement ends at midnight on March 18, an official familiar with the talks said on Monday. The accord, signed in 2012, limits the automotive trade between Mexico and Brazil under an annual quota...

  • Sikorsky said it was still working out details, but any deal with the Army would likely include more government-handed depot maintenance than the $2 billion deal that Sikorsky and Lockheed Martin Corp were awarded on Friday by the U.S. Navy for servicing its MH-60 Sea Hawk helicopters. Mitchell said the talks with the Army were still in the early stages, but he...

  • *Speculation over Iran nuclear deal, higher Libyan output weigh. *Coming Up: American Petroleum Institute report on Tuesday. NEW YORK, March 2- Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.

  • BOSTON, March 2- Hedge fund Barington Capital Group on Monday pressed ahead with plans to win two board seats at Eastern Co and filed a preliminary proxy statement less than four weeks after the company offered to increase the number of its directors by one. It is asking shareholders to put its own chief executive officer, James Mitarotonda, and medical device...

  • NEW YORK, March 2- Nasdaq on Monday closed above 5,000 for the first time since the 2000 dot-com bubble, as tech stocks were boosted by deals, and the S&P 500 and Dow ended at record highs after economic data pointed to a slowly accelerating economy.

  • GENEVA, March 2- Toyota Motor Corp expects to grow sales in western and central Europe by up to 2.5 percent this year but remains cautious on the part of the region which includes crisis-hit Russia, the head of its European operations said on Monday. Didier Leroy said in eastern Europe, which for Toyota includes Russia, Ukraine, Kazakhstan and the Caucasus, the...

  • TORONTO, March 2- Canada's federal police will work under the same roof as Ontario's securities watchdog to bolster their fight against financial crime that has been widely criticized for its lack of success. Critics of Canada's efforts to fight financial crime have long argued the country is soft on white-collar criminals. The closer working arrangements...

  • SAO PAULO, March 2- Potash Corporation of Saskatchewan Inc, the world's largest fertilizer company by market value, agreed on Monday to pay about $56 million for a 9.5 percent stake in Brazilian rival Fertilizantes Heringer SA, the latest effort by Potash to grow in Latin America's largest economy. Under terms of the agreement, PotashCorp will acquire the stake...

  • NEW YORK, March 2- Shares of Lumber Liquidators Holdings Inc were down more than 20 percent on Monday after the CBS news program "60 Minutes" said its products failed to meet safety standards, allegations the hardwood flooring retailer denied. While Lumber Liquidators has been under pressure since 2013, new concerns about its business emerged after "60 Minutes"...

  • DETROIT, March 2- Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. In a statement to CNBC, Wilson said he is not a...

  • *Markit manufacturing hits 4- month high, ISM hits 13- month low. It was boosted by chipmakers NXP Semiconductors NV, Intel Corp as well as network equipment maker Cisco Systems Inc after two big deal announcements. Shares of chipmaker NXP rose 17 percent to $99.35 after it agreed to buy smaller peer Freescale Semiconductor Ltd to create a company valued over $40...

  • March 2- Life and mortgage insurer Genworth Financial Inc said it identified "material weakness" in its control over financial reporting, due to which it failed to spot a $44 million after-tax calculation error. Genworth said it failed to correctly implement changes to one of its methodologies as part of its long-term care insurance claim reserves review...

  • DETROIT, March 2- Takata Corp said on Monday it plans to double its capacity to make replacement air bag inflators over the next six months and it continues testing parts that could explode with too much force. Takata Chief Executive Shigehisa Takada said in a statement about the testing that "definitive conclusions have not yet been reached."

  • NEW YORK, March 2- Bond investor Bill Gross on Monday criticized ultra-low interest rates, saying they could harm global growth instead of boosting it in the way that many central banks intend. "Low interest rates globally destroy financial business models that are critical to the functioning of modern day economies," Gross, who oversees the Janus Global...

  • BOSTON, March 2- Connecticut Attorney General George Jepsen's office said on Monday it has launched an investigation into Lenovo Group Ltd's sales of laptops preloaded with Superfish software, which the U.S. government last month warned made users vulnerable to cyberattacks. The office said that Jepsen last week sent letters to Lenovo, the world's biggest...

  • BUENOS AIRES, March 2- Argentina will keep an eye on how much soy is being hoarded on farms throughout the country by requiring that the sales of "silo-bags" be reported to tax authorities, according to a government resolution announced on Monday. "What it aims to do is collect information about the universe of buyers of silo-bags, to have buyers clearly identified,"...

  • *ECB policymakers meet in Cyprus on Wednesday, Thursday. NEW YORK, March 2- The dollar edged up on Monday, with an index that tracks the greenback against major currencies touching an 11- year peak even after soft economic data. "The dollar's long-term trend is up but it now is in some consolidation," said Paul Christopher, international strategist at Wells Fargo in St...