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  • CHICAGO, Feb 20- Slumping demand for meat on the U.S. Friday's USDA report showed January pork inventories totaled 596.5 million pounds, up 18 percent from December, partly due to increased production. Ron Plain, a University of Missouri livestock economist, attributed the bulge in cold storage to the inability to move meat off the West Coast.

  • NEW YORK, Feb 20- Virtu Financial Inc, a trading firm whose plans to go public were postponed last year amid the furor over high-frequency trading, has filed a new prospectus for an IPO, a U.S. regulatory filing on Friday showed. Last year the company, which will be controlled by its founder Vincent Viola, a former chairman of the New York Mercantile Exchange, sought to...

  • AT&T urges FCC to revisit spectrum bidding rules Friday, 20 Feb 2015 | 6:36 PM ET

    Feb 20- AT&T Inc has urged the U.S. Federal Communications Commission to relook into bidding rules for spectrum, saying licenses should not go to "speculators or stockpilers". Dish Network Corp, the third-largest pay-TV provider in the U.S. and the owner of undeveloped wireless spectrum, was a surprise winner in the record-setting sale of airwaves for mobile data...

  • Feb 20- The U.S. government on Friday proposed a 0.9 percent cut in payments to health insurers for 2016 Medicare Advantage plans, which provide health benefits to more than 16 million elderly or disabled people. Insurers such as UnitedHealth Group Inc, Humana Inc and Aetna Inc provide these plans, which cover nearly one-third of all Medicare enrollees.

  • Feb 20- Manuel Medina-Mora, who helped build up Citigroup Inc's Mexico business only to see it run into trouble after he stopped managing it day-to-day, will retire in June, the bank said on Friday. Medina-Mora, who heads global consumer banking at Citigroup, was expected to retire before his 65th birthday in August, people familiar with the matter said.

  • FRANKFURT/ NEW YORK, Feb 20- Relatives of U.S. soldiers killed and wounded in a 1983 Beirut bombing have been barred by a U.S. judge from seeking $1.6 billion in assets belonging to Iran's central bank and held by a unit of German exchange operator Deutsche Boerse. District Judge Katherine Forrest in New York said in a decision released on Friday that they could not...

  • Feb 20- Activist investor Marcato Capital Management LP said auction house Sotheby's should repurchase $500 million stock immediately and replace its chief financial officer, a week after the company said there will be no return of capital. Marcato, Sotheby's second-largest shareholder after Daniel Loeb's Third Point LLC, said there was "willful neglect" on...

  • CARACAS, Feb 20- Venezuelans queued up on Friday to purchase U.S. dollars in cash at exchange houses for the first time in 12 years, though prospective buyers complained the new system was tedious and few if any had yet to emerge with greenbacks in hand. A few dozen people queued up inside an Italcambio exchange house in central Caracas on Friday in the hopes of...

  • WILMINGTON, Del., Feb 20- Pineapple king David Murdock heads to a Delaware court on Monday to defend his 2013 buyout of Dole Food Co Inc against shareholders who claim they were short-changed and want more cash. The union pension funds that brought the Delaware case focused on the cozy relationship between Murdock and Deutsche Bank, which are alleged to have...

  • BOSTON, Feb 20 (Reuters)- The U.S. government on Friday advised Lenovo Group Ltd customers to remove a "Superfish," a program pre-installed on some Lenovo laptops, saying it makes users vulnerable to cyberattacks. The Department of Homeland Security said in an alert that the program makes users vulnerable to a type of cyberattack known as SSL spoofing, in which...

  • Feb 20- European banks including Deutsche Bank AG and Banco Santander SA are likely to fail the U.S. Deutsche Bank is undergoing the U.S. stress test process for the first time. "Deutsche Bank Trust Corporation, which represents less than 5 percent of Deutsche Bank AG's total assets, was pleased to participate" in the stress tests this year, a spokeswoman told...

  • Feb 20- Two former Barclays stockbrokers can keep nearly $4 million in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms. Barclays had tried to claw back the bonuses from brokers Ileana Platt and Rafael Urquidi after the pair filed a claim with Financial Industry...

  • RIO DE JANEIRO, Feb 20- Brazil is gauging market interest in exploring for oil and gas in the country before deciding whether to go ahead with a new auction of blocks in the first half of this year, the Energy Ministry said on Friday. The 13th oil rights auction, Brazil's first sale of oil and gas concession rights since 2013, is currently scheduled for between late...

  • TORONTO, Feb 20- Canadian National Railway Co said on Friday that barring a settlement by this weekend with Unifor, a union that represents 4,800 of its mechanical, clerical and intermodal staff, it plans to begin to lock out employees on Monday. "We cannot accept the uncertainty that Unifor's month-long strike mandate process will create for our customers," CN...

  • DETROIT, Feb 20- United Auto Workers President Dennis Williams, whose union indirectly controls the largest single block of General Motors Co shares, told Reuters an investor group's proposal that GM buy back $8 billion of its stock is premature, and the amount too high for the company's long-term health. An investment firm controlled by Harry Wilson, a former...

  • Feb 20- A federal judge on Friday dismissed a lawsuit accusing Google Inc of harming smartphone buyers by forcing handset makers that use its Android operating system to make the search engine company's own applications the default option. Consumers claimed that Google required companies such as Samsung Electronics Co to favor Google apps such as YouTube...

  • WASHINGTON, Feb 20- Chief negotiators for a Pacific trade deal will meet in Hawaii for talks in the second week of March, the U.S. trade office said on Friday, a move which potentially pushes back the timing of a final agreement on the pact. Australian Trade Minister Andrew Robb said on Feb. 5 he hoped to reach agreement on the bulk of the Trans-Pacific Partnership...

  • Minimum insurance levels will vary from C $25 million for no or low quantities of dangerous goods to a maximum of C $1 billion for substantial quantities. Federally regulated railways include the Canadian operations of major U.S. companies such as BNSF Railroad, which is owned by Berkshire Hathaway Inc, CSX Corp and Union Pacific Corp.. *Transporters of crude...

  • *Athens forced to climb down and accept strict oversight. BRUSSELS, Feb 20- Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ratified once Greece's creditors are satisfied with a list of...

  • Feb 18- Google Inc is set to launch its paid monthly subscription service called YouTube Music Key in a few months, Robert Kyncl, the online video service's head of content and business operations, said at the Code/Media conference.