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  • UPDATE 1-Philadelphia approves five new charter schools Wednesday, 18 Feb 2015 | 11:14 PM ET

    PHILADELPHIA, Feb 18- Philadelphia's financially distressed school district, one of the country's biggest battlegrounds over the expansion of charter schools, approved five new charters on Wednesday in a contentious meeting marked by protests, shouting and arrests. The vote by the Philadelphia School Reform Commission, formed in 2001 as part of a state...

  • Feb 18- Pinterest Inc, a photo pin-up site, is in talks to raise $500 million in a round of funding that would more than double its valuation to $11 billion, the Wall Street Journal reported, citing people familiar with the matter. The new funding would value the company at more than twice the $5 billion valuation last May when it raised $200 million.

  • WASHINGTON, Feb 18- Lockheed Martin Corp executives said on Wednesday they were confident the company would not face capacity constraints working on both the F-35 program and a new bomber if the U.S. Air Force chose its joint bomber bid with Boeing Co.. Boeing is the prime contractor for the bid. The U.S. Air Force has said it plans to award a contract for development...

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

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 passed its 18th day on Wednesday but talks between union and oil company representatives over safety and pay restarted after a gap of a week and went into the night, according to a union text message. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and...

  • TOKYO/ SINGAPORE, Feb 19- Oil prices tumbled on Thursday as U.S. inventories were expected to hit record highs, while a possible rise in Saudi output could stoke oversupply built up in the past few months. The contract was trading down around $1.50 at $50.64 by 0308 GMT. International Brent crude futures for April fell back below $60 a barrel, trading at $59.54 a...

  • SAN FRANCISCO, Feb 18- Electric-car battery maker A123 Systems has sued Apple Inc for poaching top engineers to build a large-scale battery division, according to a court filing that offered further evidence that the iPhone maker may be developing a car. Apple has been poaching engineers with deep expertise in car systems, including from Tesla Inc, and talking...

  • LOS ANGELES, Feb 18- Two U.S. Cabinet secretaries joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil and cargo backups at 29 West Coast ports. Labor Secretary Tom Perez and Commerce Secretary Penny Pritzker weighed in...

  • SAN FRANCISCO, Feb 18- Electric-car battery maker A123 Systems has sued Apple Inc for poaching top engineers to build a large-scale battery division, according to a court filing that offered further evidence that the iPhone maker may be developing a car. Apple has been poaching engineers with deep expertise in car systems, including from Tesla Inc, and talking...

  • *Sony jumps to highest since April 2010 on mid-term business plan. TOKYO, Feb 19- Japanese stocks rose to a 15- year high on Thursday morning, helped by gains in financial and shipping companies, and as Sony Corp jumped on a well-received business plan. These include news state-owned Japan Post Holdings Co's ditching of its conservative approach to investments...

  • --Clyde Russell is a Reuters columnist. That intervention helped support prices somewhat, with Asian benchmark rubber futures in Tokyo jumping 12.3 percent between the close on Dec. 11 to 214.4 yen per kilogram on Jan. 5. They have since recovered to close at 218.3 yen per kilogram on Wednesday, but this has been driven more by expected tightness in supply as No.2...

  • February-delivery CARBOB gasoline in L.A. jumped 11 cents to 44 cents a gallon over March RBOB futures on the New York Mercantile Exchange after an explosion at Exxon Mobil Corp.' s 155,000 barrel-per-day refinery Torrance, California. EPA gasoline in the Portland, Oregon, market settled 11 cents a gallon over March NYMEX RBOB, unchanged from Tuesday's close.

  • METALS-London copper prices drift on Lunar New Year lull Wednesday, 18 Feb 2015 | 8:43 PM ET

    MELBOURNE, Feb 19- London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year. Copper is expected to remain stuck in the $5,300- 5,800 range in place for the past month until Chinese buying activity ramps up in mid-March. *Other markets taking some holiday...

  • Lockheed sees double-digit growth in cyber business Wednesday, 18 Feb 2015 | 8:37 PM ET

    WASHINGTON, Feb 18- Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector. Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the...

  • Feb 18- Barrick Gold Corp said on Wednesday it will sell its Porgera mine in Papua New Guinea and its Cowal mine in Australia to help reduce net debt by at least $3 billion by year-end, giving investors a long-awaited glimpse into its strategy. Barrick, the world's biggest gold producer, also said it was reducing the size of its Toronto head office by close to half...

  • SYDNEY, Feb 19- The U.S. dollar was nursing losses in Asia on Thursday while bonds held hefty gains as investors scaled back expectations on how fast, and how far, the Federal Reserve might raise interest rates in coming months and years. MSCI's broadest index of Asia-Pacific shares outside Japan was near flat with much of the region on holiday.

  • FOB Gulf SRW wheat basis offers fell 5 cents for February-April shipments with futures also falling after Egypt's GASC canceled its American-wheat only tender because prices were too high, traders said. *But hard red wheat basis offers were up 5 cents, adjusting after exporters sharply cut values on Tuesday and HRW wheat futures sold-off on Wednesday.

  • LOS ANGELES, Feb 18- The U.S. labor secretary joined congressional leaders and three governors on Wednesday in pressing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil clogging cargo traffic at 29 West Coast ports. Tom Perez, the labor secretary, was sent to San Francisco as an emissary of President Barack...

  • Feb 18- Credit Bureau TransUnion Corp plans to raise about $800 million in an initial public offering this year, Bloomberg reported, citing people familiar with the matter. The company, which sells credit reports and services to business, plans to raise about $600 million to $800 million in the third quarter, the report added. The Chicago- based company is working...

  • *Greece expected to ask for extension of loan agreement. "The two pillars of a strong dollar scenario, first being strong fundamentals and the next being June rate hike expectations, are beginning to wobble," said Junichi Ishikawa, market analyst at IG Securities in Tokyo. They also noted the potential negative impact from global factors such as China's economic...