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  • GM ignition switch death toll increases to 74 Monday, 23 Mar 2015 | 11:27 AM ET

    March 23- General Motors Co has seven more claims eligible for compensation for deaths due to accidents caused by faulty ignition switches, taking the total to 74, according to the official administering the company's compensation program. Lawyer Kenneth Feinberg determined that a total of 200 claims, including 11 severely injured and 115 who were...

  • *Wall Street gains as dollar adds to losses, oil also rises. Gold steadied after a three-day rally lifted it to a two-week high, while copper prices in London hit their highest point since Jan. 9. "The market has been in a back-and-forth motion for the last couple of weeks, caught between the potential for rising interest rates and its impact on the dollar and the...

  • *Schlumberger sees higher oil prices in second half of 2015. LONDON, March 23- Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after Saudi Arabia said it was pumping around 10 million barrels per day, near a record high. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • March 23- MEI Pharma lost more than two-thirds of its market value on Monday after the company's cancer drug failed to meet the main goal in a mid-stage study. "The risk profile for pracinostat has significantly increased and one potential scenario is the discontinuation of the drug's development," Roth Capital's Joseph Pantginis said, slashing his price...

  • *Greece in focus in Europe. "There's a very large long-dollar position in the market, and what we appear to be facing is an unwind of that position," said Richard Cochinos, head of Americas G10 FX strategy at Citi in New York. The euro continued to strengthen against the dollar despite comments from European Central Bank President Mario Draghi on the central bank's...

  • FRANKFURT, March 23- The European Central Bank said on Monday it has spent 26.3 billion euros on bonds in a new program to pump more than 1 trillion euros into the 19- country economy. Under the program, the ECB aims to purchase 60 billion euros a month of securities until September 2016, or beyond if needed to see a sustained adjustment in the inflation path back...

  • LONDON, March 23- Average daily volumes in the global foreign exchange market fell in February after soaring the previous month in the wake of Switzerland's shock removal of its currency cap, data from FX settlement system CLS showed on Monday. January was turbulent for the FX market, with the shock move on Jan. 15 by the Swiss National Bank to scrap its cap on the...

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.

  • WASHINGTON, March 23- U.S. home resales rebounded modestly in February as a persistent shortage of properties on the market spurred the biggest price jump in a year, a trend that could undermine the spring selling season. The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to an annual rate of 4.88 million units.

  • *Vestel says facing surge in mobile phone imports to Turkey. GENEVA, March 23- The European Union and Taiwan have said a bid by Turkish appliance manufacturer Vestel to get Ankara to impose emergency import tariffs on mobile phones would probably be illegal if it is approved, according to documents published on Monday. Turkey notified the World Trade...

  • March 23- Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • HIGHLIGHTS-ECB's Draghi speaks in European Parliament Monday, 23 Mar 2015 | 10:19 AM ET

    March 23- European Central Bank President Mario Draghi spoke at the European Parliament in Brussels on Monday. Following are highlights from his comments:. We expect inflation in the euro area to remain very low or negative in the months ahead because the recent fall in oil prices will continue to influence the figures until later in the year.

  • WASHINGTON, March 23- The U.S. Supreme Court on Monday agreed to hear an appeal filed by DirecTV Inc concerning the satellite television provider's efforts to enforce arbitration agreements its customers in California have signed. The litigation dates back to 2008 when Amy Imburgia and Kathy Grenier filed class action lawsuits saying that DirecTV had...

  • US STOCKS-Stocks up as dollar ads to losses, oil gains Monday, 23 Mar 2015 | 10:06 AM ET

    *U.S. dollar extends losses, crude turns positive. NEW YORK, March 23- U.S. stocks edged higher on Monday following strong gains in major indexes the previous week, as investors assessed gyrations in the dollar and crude prices and their impact on equities. "The market has been in a back-and-forth motion for the last couple of weeks, caught between the potential for...

  • DUBAI, March 23- Houthi fighters and loyalists of Yemen's President Abd-Rabbu Mansour Hadi are locked in a power struggle that diplomats say risks drawing in neighbouring Saudi Arabia and its main regional rival Iran. The political crisis threatens to pit Yemen's two main Islamic sects against each other. Unlike in Syria and Iraq, however, followers of the two...

  • RIYADH/ DUBAI, March 23- Yemen's top factions are squaring off for battle after months of skirmishes, turning respectively to neighbouring Saudi Arabia and its regional rival Iran for help in what may become all-out war. With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi'ite Houthi movement controls the capital...

  • U.S. existing home sales rise marginally in February Monday, 23 Mar 2015 | 10:00 AM ET

    WASHINGTON, March 23- U.S. home resales rebounded less than expected in February as a persistent shortage of properties on the market pushed up prices, suggesting a challenging spring selling season. The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to an annual rate of 4.88 million units. January's sales pace was...

  • NEW YORK, March 23- Health insurer Humana Inc said on Monday that it would sell its Concentra urgent care and physical therapy services unit for about $1 billion to private equity firm Welsh, Carson, Anderson& Stowe and Select Medical Holdings Corp.. Humana, which focuses on providing Medicare Advantage plans to older people, has been reviewing its assets for...

  • March 23- Pfizer Inc and Eli Lilly and Co will resume a late-stage study testing their pain drug tanezumab after the U.S. Food and Drug Administration lifted a partial hold on it. Pfizer expects to receive a $200 million upfront payment from Lilly as a result of the development, the companies said on Monday. In 2013, Pfizer forged a deal with Lilly to jointly develop...