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  • BERLIN, Feb 3- Greece's proposal to swap its foreign debt for growth-linked bonds is a disguised form of debt forgiveness, the leader of Germany's Eurosceptic Alternative for Germany party told Reuters on Tuesday. Greece will not be able to pay back its debts even if it is allowed to convert the debt because the economy has limited growth prospects as long as it...

  • Feb 3- Eaton Corp Plc, a maker of electrical and hydraulics systems, said Tuesday lower costs helped its quarterly profit beat estimates, sending its shares up 8 percent in morning trading. Net profit attributable to shareholders leapt 21 percent to $581 million, or $1.23 a share, from a year earlier. Excluding items, operating earnings of $1.27 per share topped...

  • MEXICO CITY, Feb 3- Mexico's manufacturing sector sentiment rose in January to a more than two-year high on a jump in output, new orders and employment in a sign of stronger factory production in Latin America's No. 2 economy. Lorena Dominguez, an analyst at HSBC in Mexico, said the data suggested factory growth could accelerate in the coming months, while noting...

  • Feb 3- New York Times Co reported higher-than-expected quarterly revenue and profit, as higher digital subscription and advertising sales largely balanced a fall in print ad revenue. New York Times, like many newspaper and magazine publishers, has been trying to enhance its digital offerings to boost revenue from online ads and subscriptions as print ad...

  • Brash new government holds Greeks in thrall Tuesday, 3 Feb 2015 | 10:29 AM ET

    *Strong approval rating after leftist government's first week. ATHENS, Feb 3- Barely a week in power, Greece's new leftwing government is winning over an increasingly enthusiastic domestic audience by moving boldly on populist campaign pledges at home even as it strikes a more moderate note abroad. While selling a message of reassurance on a diplomatic charm...

  • *Factory orders fall 3.4 percent in December. WASHINGTON, Feb 3- New orders for U.S. factory goods fell for a fifth straight month in December, but a smaller-than-previously reported drop in business spending plans supported views of a rebound in the months ahead. The Commerce Department said on Tuesday new orders for manufactured goods declined 3.4 percent as...

  • WASHINGTON, Feb 3- The U.S. House of Representatives next week will take up the U.S. Senate's bill on the long-pending Keystone XL pipeline "and send it to the presidents desk," House Republican leader Kevin McCarthy said on Tuesday. The Senate passed its legislation on Thursday. Obama is expected to veto the bill.

  • WASHINGTON, Feb 3- The U.S. government said on Tuesday that the operators of Corinthian Colleges will agree to provide $480 million in debt forgiveness to students who took out risky private loans. The Consumer Financial Protection Bureau and the Department of Education also said that ECMC Group, the new owner for a number of the colleges, has agreed to cease...

  • Feb 3- Aetna Inc, the third-largest U.S. health insurer by membership, raised its 2015 forecast for operating earnings after enrollment increased 6 percent last year. Aetna's top competitors UnitedHealth Group Inc and Anthem Inc, formerly known as WellPoint Inc, said they were preparing for a small rise in medical spending in 2015.. Net profit fell to $232...

  • Greek debt swap plan gets cool euro zone reception Tuesday, 3 Feb 2015 | 10:11 AM ET

    BRUSSELS, Feb 3- A Greek proposal to swap government debt for bonds with interest payments linked to economic growth got a sceptical reception from euro zone officials on Tuesday. Greece's new finance minister, Yanis Varoufakis, on Monday floated the idea that Greek bonds held by the European Central Bank and part of the debt owed to euro zone governments-- 53...

  • GREEK DEBT SWAP PLAN GETS COOL RECEPTION IN EURO ZONE, OFFICIALS TELL REUTERS.

  • UPDATE 1-HCA forecasts 2015 profit below expectations Tuesday, 3 Feb 2015 | 10:06 AM ET

    The company said its board authorized a new $1 billion share repurchase program, replacing a completed $1 billion program announced in October. HCA said it expected to earn $4.55- $4.95 per share on revenue of $38.5- $39.5 billion in 2015.. Net income attributable to shareholders rose to $527 million, or $1.19 per share, in quarter ended Dec. 31, from $424 million, or...

  • *SAP unveils next-generation S4 HANA product line. *S4 HANA unifies products with single user interface. The unified database platform, called S4 HANA, promises to cut the time it takes to compile business accounts and forecasts to minutes, instead of hours and days, by analysing vast amounts of data in local memory.

  • U.S. factory orders fall sharply, decline broad-based Tuesday, 3 Feb 2015 | 10:00 AM ET

    WASHINGTON, Feb 3- New orders for U.S. factory goods fell for a fifth straight month in December, but a smaller-than-previously reported drop in business spending plans supported views of a rebound in the months ahead. The Commerce Department said on Tuesday new orders for manufactured goods declined 3.4 percent as demand fell across a broad sector of...

  • DETROIT, Feb 3- January car sales by the three Detroit automakers topped analysts' expectations, as low gas prices and easy credit terms helped fuel sales of utility vehicles and big pickups. General Motors Co said on Tuesday that sales rose 18 percent to 202,786, while Ford Motor Co said sales were up 15 percent to 178,351. Analysts polled by Reuters had expected...

  • Feb 3- U.S. miner Arch Coal Inc reported a smaller-than-expected quarterly loss as it cut costs, sending its shares up nearly 9 percent in early trading. Arch Coal said cash costs fell to $16.46 per ton in the fourth quarter ended Dec. 31, from $18.10 per ton a year earlier. Arch Coal forecast full-year coal sales of 130.3 million-143 million tons in 2015, compared...

  • DETROIT, Feb 3- AutoNation Inc, the largest U.S. auto dealer group, on Tuesday posted a higher-than-expected quarterly profit due to strong profit margins from new and used vehicle sales, driving its shares up nearly 8 percent. AutoNation Chief Executive Officer Mike Jackson said in an interview that low gasoline prices of about $2 a gallon, generous financing...

  • *Germany's DAX index hits record high. National Bank of Greece, Alpha Bank and Eurobank rose by 14.0 to 20.8 percent. Greek Finance Minister Yanis Varoufakis, in London on Monday to reassure private investors that he was not seeking a showdown with Brussels over a new debt agreement, said the new left-wing government would spare privately held bonds from losses, a...

  • Feb 3- Isis Pharmaceuticals Inc's experimental diabetes drug took a longer-than-expected 36 weeks to reduce blood sugar levels in patients with type 2 diabetes. Deutsche Bank's Alethia Young said the data looked less robust that some commonly prescribed treatments and Isis's own experimental glucagon receptor, ISIS-GCGR. Type 2 diabetes is a chronic...

  • FRANKFURT, Feb 3- Austrian steelmaker Voestalpine's foreign expansion plans, focused on the United States, will not be changed by the weak oil price or euro, its chief executive said on Tuesday. Voestalpine, which sells steel and steel-based products to the automotive, railway and engineering industries, among others, has targeted the energy sector as one of its...