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  • LONDON, March 25- All sides in Greece's debt stand-off with its European creditors remain committed to a deal that will end uncertainty and allow its economic recovery to accelerate, Greek central bank chief Yannis Stournaras said on Wednesday. Speaking in a packed lecture hall at the London School of Economics, Stournaras said that a Greek exit from the euro- "...

  • Representatives for wheat, corn, and other farmers told a Capitol Hill forum that they will submit written comments to the FAA calling for final regulations to accommodate emerging drone technology for a range of agricultural applications. But proposed FAA rules would allow drones weighing less than 55 pounds at altitudes of no more than 500 feet, in daylight...

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • PARIS, March 25- A warren of laboratories on the outskirts of Paris is where French investigators now face laborious and complex detective work to try to establish what caused a German airline disaster in the French Alps that killed 150 people. The cockpit voice recorder of the Germanwings Airbus A320 arrived on Wednesday at the spartan offices of France's...

  • *Leaders of France, Germany, Spain visit crash area. The development came as French President Francois Hollande, Germany's Angela Merkel and Spain's Mariano Rajoy travelled to the crash site in a remote French Alpine region to pay tribute to the 150 victims, mostly Germany and Spanish. "We have just been able to extract a useable audio data file," BEA director Remi...

  • OTTAWA, March 25- Three Canadian National Railway Co derailments in the same area in three weeks are a significant problem and cannot be explained away as a fluke of nature, Canadian Transport Minister Lisa Raitt said in an interview on Wednesday. CN Rail oil trains came off the tracks and caught fire near the small northern Ontario town of Gogama on both Feb. 14 and...

  • NEW YORK, March 25- A forecast model from the Federal Reserve of Atlanta on Wednesday suggested the U.S. economy is barely growing in the first quarter following an unexpectedly steep 1.4 percent drop in durable goods orders in February. "Following this morning's advance report on durable goods manufacturing from the U.S. Census Bureau, the nowcasts for real...

  • LONDON, March 25- Borse Dubai, the biggest investor in the London Stock Exchange is selling its stake in the British exchange, which will raise around 1.5 billion pounds. The Dubai exchange became a major shareholder in Nasdaq in a complex deal in 2007, buying a 28 percent stake in the LSE from the U.S. exchange for 1,414 pence per share. Bank of America Merrill Lynch,...

  • March 25- Wells Fargo& Co, the fourth-largest U.S. bank by assets, said it will cut 1,000 jobs and close its home-lending servicing office in Milwaukee, Wisconsin. Wells Fargo, which will close the office in late July, will inform employees of other job opportunities within the company, the bank said. Shares of Wells Fargo, which had about 265,000 employees as of Dec. 31,...

  • WASHINGTON, March 25- PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday. PayPal, owned by EBay Inc, did not adequately screen its transactions for U.S. sanctions targets for...

  • Facebook expands messaging service features Wednesday, 25 Mar 2015 | 2:19 PM ET

    SAN FRANCISCO, March 25- Facebook Inc on Wednesday opened up its Messenger service for developers to create apps and for consumers to communicate directly with retailers, in the social media network's latest effort to expand its reach. The push to transform Facebook's messaging service into one that operates independently of the company's social media...

  • US STOCKS-Wall St drops as biotechs, semis stumble Wednesday, 25 Mar 2015 | 2:18 PM ET

    *Kraft, Kofax surge on separate M&A deals. NEW YORK, March 25- U.S. stocks fell on Wednesday, with losses accelerating after short-term technical indicators failed, while recent winners stumbled as investors cashed in towards the end of the quarter after a gauge of industrial orders unexpectedly fell last month. The 50- day is at 2,067, we bounced right off of that, "...

  • PayPal to pay $7.7 mln in sanctions case Wednesday, 25 Mar 2015 | 1:58 PM ET

    WASHINGTON, March 25- Mobile payments firm PayPal is set to pay $7.7 million in a settlement with the U.S. Treasury Department over violations of numerous sanctions programs, including Iran, Cuba and Sudan, Treasury said in a statement on Wednesday. PayPal, the payments division of the e-commerce company EBay Inc, did not adequately screen its transactions for...

  • *Fears of a bigger war from Yemen conflict adds to oil's strength. NEW YORK, March 25- Oil rallied more than 3 percent on Wednesday as a weaker dollar, fighting in Yemen and speculative buying boosted crude prices in spite of U.S. inventories building to record highs for an 11th week. Fighting in Yemen raised concerns about the security of oil shipments from the...

  • *Gold near $1,200 an ounce as dollar dip lifts oil. NEW YORK, March 25- Wall Street stocks tumbled and the dollar slipped on Wednesday after government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets. The main U.S. stock indices were off more than 1 percent midway through a session that began...

  • NEW YORK, March 25- Unsecured creditors of MF Global Holdings' failed brokerage unit may soon receive $461 million in repayment, raising recoveries to 72 percent of claims lodged when it collapsed in 2011, the firm's trustee said on Wednesday. Trustee James Giddens filed court papers seeking a New York bankruptcy judge's approval for the payout.

  • RadioShack lender asks judge to intervene in auction Wednesday, 25 Mar 2015 | 1:35 PM ET

    March 25- A RadioShack Corp lender asked a U.S. Bankruptcy Court judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included...

  • Shadow banking morphs and grows, confounding authority Wednesday, 25 Mar 2015 | 1:31 PM ET

    LONDON, March 25- Authorities are nowhere near to fully understanding "shadow banking" as the $75 trillion sector morphs and grows under the influence of new technology and regulation, a top markets supervisor said on Wednesday. Shadow banking refers to the supply of credit outside traditional banks, such as from private equity investors, money market funds,...

  • BENCHMARK 10- YEAR TREASURY NOTE YIELDS RISE TO 1.91 PCT AFTER WEAK FIVE-YEAR NOTE AUCTION.

  • US TREASURIES EXTEND PRICE LOSSES AFTER WEAK FIVE-YEAR NOTE AUCTION, FIVE-YEAR YIELDS RISE TO 1.40 PCT.