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  • WHITE HOUSE BUDGET DIRECTOR DONOVAN SAYS OBAMA WON'T ACCEPT BUDGET FROM CONGRESS THAT "LOCKS IN" SEQUESTRATION SPENDING CONSTRAINTS.

  • *Genscape cites another big U.S. crude stock in Cushing- trade. NEW YORK, March 12- Global oil prices weakened on Thursday, with both benchmark Brent and U.S. crude surrendering early gains in volatile trading before the expiry of their respective front-month contracts and fears of a new supply build at the delivery point for U.S. oil. The estimate came after U.S....

  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • March 12- Activist investor Nelson Peltz told CNBC on Thursday that he was willing to accept two seats on DuPont's board, including one for himself, which is double the number the chemical conglomerate is willing to give his hedge fund. Peltz and Trian Fund Management LP, engaged in a proxy battle with DuPont for the past six months, also want to nominate two people...

  • SPOT PLATINUM FALLS 0.6 PCT TO LOWEST SINCE JULY 2009 AT $1,109.25/ OZ.

  • WASHINGTON, March 12- U.S. retail sales unexpectedly fell for a third straight month in February as harsh weather kept consumers from auto showrooms and shopping malls, tempering the outlook for first-quarter growth and a June interest rate increase. The weakness in spending could potentially complicate the case for a mid-year hike by the hawkish members of...

  • *Wall St coming off extended decline. *Intel shares fall after lowered outlook. NEW YORK, March 12- U.S. stocks rose in a broad rally on Thursday, with banking stocks among the biggest gainers of the day, though tech shares were pressured by a weak outlook from Intel.

  • *Iraq seeks to stem losses from falling oil prices. BAGHDAD, March 12- Oil companies have proposed millions of dollars of cuts in development spending in Iraq, a senior oil ministry official said, after Baghdad told them low oil prices and its fight against Islamic State had made payments difficult. The slump in crude prices to below $60 a barrel from $115 in June has...

  • JOHANNESBURG/ LONDON March 12- The sliding rand is a double-edged sword for mining companies in South Africa, with cost inflation, wage claims and potential labour unrest outweighing the gains that exporters traditionally derive from domestic currency weakness. The drop in the rand, near 13- year lows against the dollar, should benefit diversified mining...

  • LONDON, March 12- British retailer Philip Green said on Thursday his struggling department store chain BHS had been acquired by buyout firm Retail Acquisitions. Billionaire Green, whose family owns the Topshop-to-Dorothy Perkins Arcadia Group, gave no financial details about the deal, after saying in January that several groups had expressed interest in...

  • *Swatch smartwatch to allow payment with swipe of wrist. CORGEMONT, Switzerland, March 12- The world's largest watchmaker unveiled its riposte to Apple Inc's smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist. Swatch Group will start offering...

  • OTTAWA, March 12- Do not count on the Bank of Canada to match possible interest rate hikes by the U.S. Economist Rhys Mendes told the House of Commons finance committee the Bank of Canada would view a Fed rate hike as a sign the U.S. economy is strengthening, which would be good for Canada. The bank targets inflation in Canada and decisions regarding monetary policy in...

  • The U.S. government on Wednesday confirmed the infection of highly pathogenic H5N2 avian flu in turkeys in Arkansas, home to Tyson Foods Inc, the world's biggest chicken company. Mexico and the European Union, along with other buyers, added Arkansas to a list of states from which they are barring poultry exports. Asian and Latin American buyers previously banned...

  • U.S. household net worth posts biggest gain in a year Thursday, 12 Mar 2015 | 12:00 PM ET

    WASHINGTON, March 12- Rising stock prices and home values pushed the net worth of U.S. households higher in the fourth quarter, a reassuring sign for the outlook for consumer spending. The increase added $1.52 trillion to the total wealth of American families, putting it at $82.91 trillion, a report by the Federal Reserve showed on Thursday. Stocks held by...

  • WASHINGTON, March 12- Exide Technologies has agreed to shutter its lead-acid battery recycling facility in Vernon, California, to avoid criminal prosecution for illegal storage of hazardous waste. As part of the agreement with the U.S. Attorney's Office in California, which was made public on Thursday, Exide will "immediately and permanently cease operations"...

  • REUTERS POLL-CONSUMER PRICE INFLATION TO AVERAGE 0.3 PCT IN 2015; CORE CPI 1.7 PCT.

  • FEDERAL RESERVE TO RAISE FED FUNDS RATE IN JUNE, BUT ECONOMISTS NEARLY EVENLY SPLIT IN CLOSE CALL.

  • FED TO RAISE RATES AGAIN AT LEAST ONCE MORE BY YEAR-END; PROBABILITY OF HIGHER RATES BY END-2015 AT 90 PERCENT.

  • *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? WASHINGTON, March 12- The U.S. Most economists expect the Fed, which has held rates near zero since December 2008, to signal its intention to raise them soon by dropping a pledge to be "patient" in its forward guidance at next week's policy meeting.

  • ATHENS, March 12- Athens has accused German Finance Minister Wolfgang Schaeuble of insulting his Greek counterpart, further eroding a diplomatic relationship already badly strained by Berlin's tough stance on Greece's debt woes. Greece said it was angered by Schaeuble's tone at a news conference earlier this week after an EU meeting in Brussels where Greek...