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  • GLOBAL MARKETS-Wall St, dollar slip on U.S. growth worries Wednesday, 25 Mar 2015 | 11:40 AM ET

    NEW YORK, March 25- Wall Street stocks and the dollar slipped on Wednesday as government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets. A modest lift at the opening bell for U.S. stocks on news of a deal between Kraft Foods and Heinz Co to create North America's third-largest food company...

  • WASHINGTON, March 25- U.S. business investment spending plans fell for a sixth straight month in February, likely weighed down by a strong dollar and weak global demand, leading economists to further lower their first-quarter growth estimates. The Commerce Department's durable goods report on Wednesday was the latest data to suggest economic growth braked...

  • COMCAST CORP SAYS REGULATORY REVIEW OF TIME WARNER CABLE MERGER NOW EXPECTED BY MIDDLE OF THE YEAR.

  • US STOCKS-Wall St off in choppy trading after soft data Wednesday, 25 Mar 2015 | 11:30 AM ET

    *Kraft up 42 pct, Kofax adds 46 pct after separate deal news. NEW YORK, March 25- U.S. stocks fell in choppy, tight-range trading on Wednesday, with indexes reacting to moves in currency markets and to a gauge of industrial orders that unexpectedly fell last month. "The dollar strength can sap earnings growth, but if you continue to see soft economic data here, a...

  • WASHINGTON, March 25- The U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives spent about $600,000 on six drones that had so many defects they were never used for video surveillance as planned, and were eventually ditched, the Justice Department's internal watchdog reported on Wednesday. The Office of the Inspector General said it was "troubled" that the ATF, a...

  • MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...

  • U.S. drivers extend record mileage gains in January -FHA Wednesday, 25 Mar 2015 | 11:24 AM ET

    NEW YORK, March 25- The rapid rise in the number of miles driven by U.S. motorists continued into January, federal data showed this week, with travel gaining 4.9 percent from a year ago to another record high. Motorists drove an estimated 237.3 billion miles in January, the most ever for the month, according to data from the Federal Highway Administration.

  • BRUSSELS/ ATHENS, March 25- Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform program within days. Athens had appealed for the European Financial Stability Facility to return 1.2 billion euros it said it had...

  • VIENNA, March 25- New board members at Austrian companies OMV and Telekom Austria may include a former member of the European Central Bank's executive board and a former OMV chief executive, the committee charged with the choices said. The reforms earlier this year tightened the government's grip on companies such as OMV, Telekom Austria and Austrian Post.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • *China strategic reserves close to capacity- Sinopec exec. Brent crude oil was up 34 cents at $55.45 a barrel by 1453 GMT, but that was well off an earlier high of $56.25. U.S. light crude oil was up 8 cents at $47.59 per barrel, off an earlier high of $48.37.

  • MOSCOW, March 25- Russia's Economy Minister Alexei Ulyukayev said on Wednesday he estimated that the Russian economy had contracted by 1.5 percent in the first two months of the year.

  • LONDON, March 25- Nickel was the obvious stand-out in China's February metals trade figures. All of which suggests that supply stresses in China's giant nickel pig iron sector are accumulating. The bulls got badly burnt last year, a supercharged rally going into reverse as Philippine ore supply surged to fill the Indonesian gap, providing China's NPI producers...

  • WASHINGTON, March 25- The U.S. Consumer Product Safety Commission said on Wednesday it was investigating Chinese-made laminates used by Lumber Liquidators Holdings Inc, after reports that the company's flooring products had too-high levels of formaldehyde. Commission Chairman Elliot Kaye said the regulator would test flooring products from Lumber...

  • TORONTO, March 25- Canada's competition watchdog on Wednesday approved Postmedia's proposed takeover of Quebecor Inc's Sun Media English-language newspapers and digital assets, paving the way for one publisher to control a majority of the English-language dailies across Canada. The deal will bring some 175 newspapers and publications, including the...

  • The euro rose above $1.10 for a second straight session after the Commerce Department said non-defense capital goods orders excluding aircraft dropped 1.4 percent last month after a revised 0.1 percent dip in January. "The dollar is overbought and it's expensive, so now any U.S. data weakness we have leads investors to square up overextended dollar...

  • ATHENS, March 25- The European Central Bank raised the cap on emergency liquidity assistance that Greek banks can draw from the country's central bank to above 71 billion euros from 69.8 billion previously, a banking source told Reuters on Wednesday. "The ELA ceiling was increased to slightly above 71 billion euros," the source said. The ECB has raised the cap in...

  • REUTERS POLL-U.S. 10- YEAR T-NOTE YIELD SEEN AT 2.40 PCT IN 6 MONTHS, 2.70 PCT IN 1 YEAR.

  • REUTERS POLL-GERMAN 10- YEAR BUND YIELD SEEN AT 0.45 PCT IN 6 MONTHS, 0.65 PCT IN 1 YEAR.

  • *Major sovereign bond yields to rise less than thought in 2015. *10- year Treasury yield forecast at 2.70 percent by March 2016. A majority of Wall Street's primary bankers now expect the Fed to raise rates in September, having previously penciled in June.