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  • WASHINGTON, March 22- The head of the U.S. House Armed Services Committee plans to introduce legislation on Wednesday as part of a six-year drive aimed at speeding up and improving the way the Pentagon buys arms at a time of rapid gains in technology by Russia and China. The legislation includes six measures proposed by Pentagon acquisition chief Frank Kendall,...

  • Starbucks finishes 'Race,' will keep talk alive Sunday, 22 Mar 2015 | 3:23 PM ET
    Starbucks' baristas across the country have begun writing "Race Together" on coffee cups as part of a wider company effort to raise awareness on race relations.

    Starbucks will no longer write "Race Together" on drinks cups but will still talk about race, CEO Howard Schultz said to employees.

  • SAUDI OIL MINISTER SAYS SAUDI ARABIA PUMPS AROUND 10 MLN BARRELS OIL PER DAY, READY TO MEET MORE IF CUSTOMERS WANT.

  • SAUDI OIL MINISTER ALI AL-NAIMI SAYS IT IS A DIFFICULT SITUATION, WE REFUSE THAT OPEC TAKES RESPONSIBLITY ALONE.

  • WASHINGTON, March 22- The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyberattacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters. Increased focus on cybersecurity could create opportunities for Lockheed Martin Corp, General...

  • WASHINGTON, March 22- The U.S. Air Force on Sunday said it is working to resolve a technical error that affects some Boeing Co Global Positioning System satellites, although it did not hurt the accuracy of GPS signals received by users around the world. Air Force Space Command said the glitch affected the "indexing" of some GPS messages from a type of satellite known...

  • SAUDI OIL MINISTER DENIES "CONSPIRACY THEORY" BEHIND NOVEMBER OPEC DECISION.

  • LOS ANGELES, March 22- "Insurgent" topped the weekend box office with $54 million, but its opening will likely fall just short of the numbers put up a year ago by the first film in the "Divergent" series. Going into the weekend, Lionsgate had been projecting an opening of between $57 million to $60 million. "Insurgent" cost $110 million to produce, roughly $25 million more...

  • March 22- Starbucks Corp head Howard Schultz told employees on Sunday they will no longer be encouraged to write "Race Together" on drinks cups, but the company's effort to promote discussion of racial issues "is far from over". at center page and "RaceTogether" and the Starbucks logo near the bottom. Schultz said Starbucks plans more "Race Together" activities,...

  • LOS ANGELES, March 22- "Insurgent" topped the weekend box office with $54 million, but its opening will likely fall just short of the numbers put up a year ago by the first film in the "Divergent" series. Going into the weekend, Lionsgate had been projecting an opening of between $57 million to $60 million. "Insurgent" cost $110 million to produced, roughly $25 million more...

  • RIYADH, March 22- Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday it would be hard for oil to reach $100- $120 per barrel- the peaks it hit last year before falling sharply due to a glut of crude and weakening demand. Last November, Organization of the Petroleum Exporting Countries kingpin Saudi Arabia persuaded members to keep production unchanged...

  • PARIS, March 22- New York- based property developer Thor Equities has bought the building that houses one of French nightlife's best-known clubs, Le Queen, formerly Le Central, on the Champs-Elysees in Paris, the Financial Times reported. Paris commercial real estate was in increasing demand last year despite France's sluggish 0.4 percent economic growth rate.

  • Historians may record March 2015 as the moment when China's checkbook diplomacy came of age, giving the world's number two economy a greater role in shaping global economic governance at the expense of the United States and the international financial institutions it has dominated since World War Two. Irked that London had stolen a march, Germany, France and...

  • NEW DELHI, March 22- Indian Prime Minister Narendra Modi sought on Sunday to stave off farmer protests against his efforts to make it easier for businesses to buy land, after opposition to the bill overshadowed a burst of progress on economic reform. Tussles over land acquisition have locked up hundreds of billions of dollars of infrastructure developments,...

  • Some on Wall Street are even talking about an earnings recession. Wall Street analysts currently estimate earnings growth of 1.3 percent for 2015, down from a forecast of 8.1 percent at the beginning of the year, according to Thomson Reuters data. Nearly one-fifth of S&P 500 companies have warned on earnings for the first quarter, with at least 49 companies...

  • NEW YORK, March 22- Government bond issuers are adopting new standards intended to thwart a strategy that's plagued Argentina for 13 years, in which buyers snap up distressed debt for pennies on the dollar and then hold out for full payment after other investors have agreed to restructure. Driving the move to change is the situation in Argentina, lawyers and...

  • BEIJING, March 22- China received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States. Leaders of the IMF and ADB, speaking at a conference in Beijing, said they were in talks with...

  • STOCKHOLM, March 22- Having twice cut rates into negative territory, Sweden's central bank is locked in a high-stakes currency war with the European Central Bank that could stave off deflation but risks creating another property bubble. The Riksbank is worried that a strengthening crown, fueled in part by ECB bond-buying, will reverse a recent upturn in...

  • BERLIN/ LONDON, March 22- Driven by the demands of a new plugged-in generation seeking "authentic" travel experiences with a local feel, the world's biggest hoteliers are moving into a new sector in Europe- the "lifestyle" boutique hotel. After many years focused on baby boomers and business travellers, brands such as Marriott, Hilton, Starwood and InterContinental...

  • DUBAI, March 22- HSBC Global Asset Management, an arm of HSBC Holdings, is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said. The firm, which managed $454 billion of assets at the end of December, is also increasing its exposure to beaten-down currencies of countries such as...