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  • Former Coca-Cola executive Donald Keough dies Tuesday, 24 Feb 2015 | 3:46 PM ET

    Feb 24- Donald Keough, Coca-Cola Co's COO and president during the company's intense "cola war" days with PepsiCo Inc in the' 80 s, has died at the age of 88.. Keough, who came to Coke following the purchase of Duncan Foods in 1960, rose through the ranks and became president and chief operating officer in 1981.. Goizueta and Keough replaced the Coca-Cola formula for the...

  • Prices faltered after being lifted by news the Sarir and the nearby oilfields in Libya were shut by a power cut, dealing another blow to exports from the embattled OPEC member nation. "The supply dynamic will be reinforced by the inventory reports and the data are simply too compelling to ignore, and it has consistently undermined the recent rallies," said John...

  • With Moscow in financial crisis, it is not clear if its latest plan- a route passing through Turkey, Greece, Macedonia and Serbia, then into Hungary and perhaps on to Austria- will ever come to fruition. But even if it only exists on paper, it may undermine funding for rival projects and, at a time of heightened tensions over Ukraine, sow division between EU members over...

  • OBAMA VETOES BILL REQUIRING APPROVAL OF THE KEYSTONE XL OIL PIPELINE FROM CANADA- WHITE HOUSE.

  • Rothman was known for financial discipline when he co-led Fox Filmed Entertainment from 2000-2012. In 2013, he became chairman of TriStar Productions, a joint film and television venture with Sony, and has pulled together a slate of films with directors like Jodie Foster and stars George Clooney and Meryl Streep. While the Sony studio came under pressure a...

  • RIO DE JANEIRO, Feb 24- Brazilian unions have filed a lawsuit alleging that the largest operator of McDonald's restaurants in Latin America violates Brazil's labor laws, a case that could lead to fines of up to 30 percent of annual sales. According to the suit filed on Monday in Brazil's federal labor court in Brasilia, violations committed by Arcos Dorados...

  • Feb 24- Titularly now the fastest-growing major economy, India, having left China behind, is positioned for a good year, both in its economy and financial markets. "Eighteen months ago, India was one of the more fragile of the' fragile five'. The fragile five: Brazil, India, Indonesia, South Africa and Turkey, were marked out in large part for their dependence on foreign...

  • Feb 24- Technology consultant Computer Sciences Corp has drawn buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. CSC, which has a market capitalization of around $10 billion, is now working with Royal Bank of Canada as it reviews its options, the people said.

  • NEW YORK, Feb 24- Local residents and businesses sued Puerto Rico's Electric Power Authority in federal court on Tuesday, alleging fraud in the fuel oil procurement process that plaintiffs said resulted in island residents being overcharged by more than $1 billion. The lawsuit in U.S. District Court in Puerto Rico accuses PREPA, one of the largest U.S. public...

  • NEW YORK/ LONDON, Feb 24- Gold fell to a seven-week low on Tuesday then pared losses after Federal Reserve Chair Janet Yellen said the central bank is preparing to consider interest rate hikes on a "meeting-by-meeting basis." Spot gold initially fell about 0.8 percent to a seven-week low of $1,190.91 per ounce as the U.S. dollar rose, then eased, down 0.2 percent at...

  • *Toll Brothers rises after results. NEW YORK, Feb 24- U.S. stocks advanced in choppy trading on Tuesday, with the Dow and S&P 500 touching intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen. Equity investors did not react dramatically because they are likely waiting instead for jobs data due out in a week and its...

  • NEW YORK, Feb 24- Brent and U.S. crude futures turned lower on Tuesday as expectations that this week's reports on U.S. crude inventories would show another build countered supportive news of Libyan oilfields being shut by a power cut, traders said. Brent April crude was down 25 cents at $58.65 a barrel at 2:23 p.m. EST, after trading as high as $60.30.

  • CALGARY, Alberta, Feb 24- Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands. The oil sands of northern Alberta hold the world's third-largest proven crude...

  • AMSTERDAM, Feb 24- A country could in theory leave the euro zone if it wanted to, European Central Bank policymaker Luc Coene said, but he added that he could not imagine which nation would want to do so. Coene told Dutch daily De Telegraaf that a lack of confidence in the euro project among the currency union's citizens arose because it was approached in an...

  • CRUDE FUTURES TURN LOWER ON EXPECTATIONS U.S.

  • Feb 24- An experimental therapeutic vaccine from Danish drugmaker Bavarian Nordic helped significantly extend survival in patients with advanced prostate cancer, according to results of a small early-stage trial conducted by the U.S. National Cancer Institute. Patients were treated with the company's Prostvac vaccine, in addition to escalating doses of...

  • BRASILIA, Feb 24- The Brazilian government is working on a plan to save up around 80 billion reais this year to meet a fiscal goal that is crucial to regain investors' trust, a senior lawmaker and a government official said on Tuesday. His comments suggest the government will likely continue to raise taxes to reach its primary fiscal surplus goal of 66 billion reais,...

  • LONDON, Ontario, Feb 24- The Bank of Canada's surprise rate cut last month bought the central bank time to see how the economy responds to a plunge in oil prices, Governor Stephen Poloz said on Tuesday in the bank's last pronouncement before its March 4 rate decision. The market has priced in nearly a 75 percent chance of a rate cut on March 4, but Deputy Governor Agathe...

  • BUENOS AIRES, Feb 24- The Argentine spy at the center of a scandal over last month's death of a state prosecutor was accused on Tuesday of importing tonnes of contraband merchandise during his final years as head of the country's counterintelligence office. Antonio Stiuso was forced out of the SI intelligence service in December, weeks before state prosecutor...

  • WASHINGTON, Feb 24- Three regional Federal Reserve banks in January repeated an unsuccessful push to have the U.S. central bank increase the interest rate charged to commercial banks for emergency loans, according to minutes from Fed board meetings released on Tuesday. Ahead of the Fed's Jan. 27-28 policy-setting meeting, directors of the Philadelphia, Kansas...