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  • Standard General raises bid for bankrupt RadioShack Tuesday, 24 Mar 2015 | 6:20 PM ET
    A customer leaves a RadioShack store in San Francisco and a Sprint store is shown in Fort Lauderdale, Fla.

    Hedge fund Standard General is said to have raised its bid to buy about 1,740 stores of bankrupt electronics retailer RadioShack at auction.

  • The agency, which oversees the Renewable Fuel Standard program, has asked for public comments before submitting a request to Office of Management and Budget regarding volume projections on cellulosic fuel production, according to a notice published on Tuesday in the Federal Register. That could "indicate some sort of delay" to RFS announcement, said Tim...

  • BRASILIA, March 24- Brazilian President Dilma Rousseff said on Tuesday her government is firmly committed to fiscal adjustment but will not sacrifice social programs to balance its overdrawn public accounts. "The best example is that we are today sending Congress legislation to increase the value of the minimum wage," she said. The belt-tightening steps, which...

  • Merck increases share buyback program by $10 bln Tuesday, 24 Mar 2015 | 5:24 PM ET

    March 24- Drugmaker Merck Inc said its board authorized an additional share repurchase of up to $10 billion of the company's common stock. The total outstanding share repurchase authorization is now about $11.7 billion, the company said on Tuesday. Shares of the company, which has a market capitalization of about $166 billion, were up 1.39 percent at $59.45 in...

  • March 24- Lexmark International Inc, known for its printers, said it would buy Kofax Ltd for about $1 billion to double the size of its enterprise software business. Lexmark's $11 per share cash offer represents a 46.7 percent premium to Kofax stock's Tuesday close of $7.50 on the Nasdaq. Goldman Sachs and Co is the financial adviser to Lexmark for the Kofax deal.

  • WASHINGTON, March 24- Leaders of the House of Representatives Intelligence Committee introduced legislation on Tuesday to make it easier for companies to share information about cybersecurity threats with the government, without the fear of being sued. Although privacy activists worry that it could lead to more surveillance, proponents say the measure...

  • HOUSTON, March 24- Despite a 50 percent slide in crude prices since last summer, U.S. shale oil producers are enjoying remarkably easy access to capital markets and this will allow them to avoid getting squeezed when banks reset their loans in April. "Because the capital markets are so good companies that are more worried about their borrowing base are able to......

  • Canada's safety watchdog is probing two recent accidents involving CN Rail oil trains that came off the tracks and caught fire near the small northern Ontario town of Gogama. Vena said CN Rail has imposed speed restrictions on northern Ontario tracks until it understands the reason for the derailments. A runaway oil train leveled the center of the Quebec town...

  • TOKYO, March 25- Purchases of foreign stocks and bonds by Japan's giant pension funds and other big investors in 2015 could be their highest for at least a decade, if they keep pace with the $42 billion splurged during the first two months. The outflows would wash away support that the yen could expect from a trade balance which, helped by cheap world oil prices and...

  • HONG KONG, March 25- When little-known Chinese taxi-hailing app Didi Dache needed $15 million to grow its business two years ago, a local upstart investment bank stepped in to help it raise the funds from social networking giant Tencent Holdings Ltd.. Didi tapped Bao to put together the deal, sidestepping Wall Street heavyweights like Goldman Sachs and Morgan...

  • OTTAWA, March 24- An unusually harsh winter is one of the reasons Canadian National Rail Co suffered a sharp increase in the number of train accidents in 2014, a top official said on Tuesday. Chief Operating Officer Jim Vena told a committee of federal legislators that deep cold can cause rails and wheels to crack. The company has increased inspections of tracks,...

  • WASHINGTON, March 24- The latest legal test of President Barack Obama's environmental agenda reaches the U.S. Supreme Court on Wednesday as the justices consider a challenge to a regulation intended to limit emissions of mercury and other hazardous pollutants mainly from coal-fired power plants. The nine justices are due to hear a 90- minute oral argument on...

  • NEW YORK, March 24- A turnaround team tasked with reviving Atlantic City says New Jersey's struggling gambling hub must consider cost cuts, layoffs and longer bond maturities, but bankruptcy is not in the cards- yet. "Bankruptcy is not something that we are contemplating," said emergency manager Kevin Lavin on a conference call on Tuesday. Atlantic City's tax base...

  • March 24- Delays in finalizing U.S. legislation to speed free trade deals through Congress are casting a cloud over a 12- nation trade pact many thought was near completion, officials close to the negotiations said. In conversations with Reuters, officials from six countries in the Trans-Pacific Partnership said the lack of clarity over the conditions...

  • Lexmark to buy Kofax in deal valued at about $1 bln Tuesday, 24 Mar 2015 | 4:41 PM ET

    March 24- Printer maker Lexmark International Inc said it would buy customer management software maker Kofax Ltd for an enterprise value of about $1 billion. The $11 per share cash offer represents a premium of 46.7 percent to Kofax's Tuesday close of $7.50. Lexmark said the deal will double the size of its enterprise software business.

  • DETROIT, March 24- An attempt to strengthen the United Auto Workers union's stand against a two-tiered wage structure at the Detroit Three automakers failed on Tuesday, but the debate over the pay gap between newly hired auto workers and veterans is not over. UAW leaders are meeting in downtown Detroit this week to map out bargaining strategy for this summer's...

  • March 24- Drug developer Lpath Inc said its experimental drug to treat renal cell carcinoma, the most common form of kidney cancer, failed to meet its main goal in a mid-stage trial. Lpath shares were down 39 percent in extended trading on Tuesday. Data from the trial suggested that the drug may produce disease stability for up to 20 months in some low-risk patients,...

  • *Reuters basket of UK exposed stocks outperforms FTSE 100. A Reuters basket of 34 London-listed blue chips which make at least half their revenue in Britain is up 8.6 percent this year, compared with a 7.2 percent gain for the blue-chip FTSE 100.. All the stocks are in the FTSE 100 except betting group William Hill, which was relegated last year.

  • *Google up as CFO to move from Morgan Stanley. *Whiting Petroleum shares tumble after share, note offering. NEW YORK, March 24- U.S. stocks fell for a second straight session on Tuesday, with equities maintaining a tight range that corresponded with currency fluctuations as traders focused on the dollar's strength and its possible effect on corporate earnings.

  • NEW YORK, March 24- Wall Street drifted down while European shares neared record highs in choppy global equities trading on Tuesday as the dollar rebounded and oil prices fell. Declines on the Nasdaq were held in check by a boost from Google, up 2 percent to $570.19. Morgan Stanley's chief financial officer is leaving the bank to join Google.