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  • Senator Bill Nelson on Wednesday asked three federal agencies to investigate Lumber Liquidators Holdings Inc following a report Sunday on "60 Minutes" that some of its wood flooring products had dangerous levels of formaldehyde. Nelson, the ranking Democrat on the Senate Committee on Commerce, Science and Transportation Committee, sent a letter asking the...

  • UPDATE 2-Turkey's watchdog seizes Bank Asya stake Wednesday, 4 Mar 2015 | 12:43 PM ET

    ISTANBUL, March 4- Turkish banking regulators on Wednesday seized a small stake in the Islamic lender Bank Asya over an alleged illegal share sale, the latest round in a battle between Ankara and a U.S.-based Muslim cleric. The campaign has added to investor fears that political interventions are damaging Turkey's financial system. The banking watchdog said...

  • METALS-Nickel rallies after Chinese closures Wednesday, 4 Mar 2015 | 12:42 PM ET

    *US aluminum price-fixing claims vs LME, Glencore thrown out. LONDON, March 4- Nickel rebounded on Wednesday, breaking a string of four straight losing sessions, after reports of closures of nickel operations in China and despite a surge in inventories. Analysts at Macquarie Bank said nickel demand in China should get a boost from a government order to close some...

  • *Ukraine parliament has okayed IMF-backed budget changes. *G7 powers see IMF board approving Ukraine bailout. IMF chief Christine Lagarde cautioned that what she called the "huge distraction" of fighting against pro-Russian rebels in eastern Ukraine complicated the provision of aid, but she was in no doubt that Kiev was now "really determined to reform."

  • *ITV, Standard Chartered shares advance. LONDON, March 4- European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/ 2- year low against the dollar after U.S. services data. Generally a good economic number out of the U.S. is good for the...

  • *Markit, ISM services show modest growth. *Healthcare stocks rise after Supreme Court hearing. The sector's top gainers were HCA Holdings, Tenet Healthcare and Universal Health Services.

  • Ecuador, seeking investment, buffs up mining sector image Wednesday, 4 Mar 2015 | 12:35 PM ET

    TORONTO, March 4- Rebranding itself as a mining-friendly jurisdiction, Ecuador has high hopes that incentives and tax benefits will polish its tarnished image and attract $5 billion worth of investment over the next five years, a senior minister told Reuters. "We have made the decision that mining constitutes a central axis of our development plans," said Rafael...

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • LONDON, March 4- Britain will not drop its opposition to Russian billionaire Mikhail Fridman's purchase of North Sea oil and gas fields after cementing its objections at a meeting chaired by Prime Minister David Cameron, a government source told Reuters. But the British government has said that it is concerned that production at the fields could be halted if...

  • World Bank admits botched resettlement policy Wednesday, 4 Mar 2015 | 12:24 PM ET

    World Bank President Jim Yong Kim pledged that "we must and will do better," on a call with reporters, and launched an action plan to address shortcomings. In a recent case, indigenous Anuak people in Ethiopia's Gambella region said the World Bank contributed to the Ethiopian government's "villagization" program that forced about 70,000 people off their land.

  • *China is world's second-biggest defence spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • WASHINGTON, March 4- The United States expects a global deal to cut customs red tape and streamline import procedures to come into force this year, a senior trade official said on Wednesday. Trade Representative for World Trade Organization and Multilateral Affairs, said Washington was "pretty confident" the deal agreed in Bali in 2013 would be up and running by...

  • WASHINGTON, March 4- The U.S. Supreme Court appeared divided on ideological lines on Wednesday as it weighed tax subsidies key to the implementation of the Obamacare health law. Potential swing vote Justice Anthony Kennedy raised concerns to lawyers on both sides about the possible negative impact on states if the government loses the case, suggesting he...

  • OTTAWA, March 4- The Bank of Canada held interest rates steady on Wednesday, in line with signals it sent out over the past two weeks, saying it was satisfied with how markets and the economy reacted to its surprise rate cut in January. The central bank shocked traders by taking the aggressive step of easing its benchmark rate by 25 basis points in January in response...

  • LONDON, March 4- Mexico's government is pressing on with efforts to overhaul the economy, boost transparency and strengthen political accountability, its president said in a speech to investors in London on Wednesday. Enrique Pena Nieto was in London on a state visit as a dispute brews at home over a conflict of interest scandal, while the disappearance of 43...

  • JUSTICES ON BOTH SIDES OF IDEOLOGICAL DIVIDE EXPRESS CONCERNS ABOUT POSSIBLE IMPACT ON STATES THAT HAVE NOT SET UP THEIR OWN INSURANCE EXCHANGES.

  • JUSTICE SAMUEL ALITO FLOATS POSSIBILITY OF DELAYING IMPACT OF COURT RULING UNTIL NEW TAX YEAR IF GOVERNMENT LOSES.

  • UPDATE 2-Trina Solar plans IPO of power plants business Wednesday, 4 Mar 2015 | 11:41 AM ET

    *Plans to set up low-cost plants outside China. Trina's U.S. rivals, SunPower Corp and First Solar Inc, said last week that they were in talks to set up a venture that would hold some of their power-generating assets. The company said it expects to spend $250 million- $300 million on its manufacturing business and about $1.1 billion on the downstream, or power plants,...

  • WASHINGTON, March 4- The U.S. Supreme Court heard arguments on Wednesday on a second major challenge to President Barack Obama's healthcare law, but no clear majority was immediately apparent in the case that takes aim at a pivotal part of the statute providing tax subsidies to help people afford insurance. A couple of dozen demonstrators from the conservative...

  • March 4- Teen apparel retailer Abercrombie& Fitch Co said the factors that led to a drop in sales in the fourth quarter- a strong dollar and weak demand for clothing featuring its name and logo- would persist in the first half of its fiscal year. Abercrombie& Fitch shares fell as much as 15 percent to a six-year low of $20.37 in morning trading on Wednesday.