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  • NEW YORK, March 5- The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains against an index of currencies after the European Central Bank said it will next week launch a massive bond-buying program meant to boost economic growth. The euro zone common currency, which has lost 15 percent against the dollar in six months,...

  • WASHINGTON, March 5- The top U.S. housing regulator said on Thursday that the Federal Housing Finance Agency has gathered feedback into its Single Security initiative and will offer more details into the structure of the plan in the second quarter of this year. "While the Single Security remains a multi-year initiative, we believe this update report will be a...

  • HOUSING FINANCE REGULATOR SAYS TO PROVIDE MORE DETAILS IN Q2 ABOUT SINGLE MORTGAGE SECURITY UNDER DEVELOPMENT BY FANNIE MAE, FREDDIE MAC.

  • March 5- New Jersey officials said on Thursday that ExxonMobil had agreed to pay $225 million to the state to settle a long-standing lawsuit over environmental damage from its refinery operations and service stations through the state. The New York Times last week reported a pending agreement in the long-running lawsuit, which was potentially worth nearly...

  • *Analysts view deal as strategic fit for Mallinckrodt. March 5- Dublin- based drugmaker Mallinckrodt Plc strengthened its presence in U.S. hospitals as it agreed to buy privately held Ikaria Inc, a maker of a respiratory drug and its delivery system, for $2.3 billion. Shares of Mallinckrodt, a seller of generics, specialty drugs and medical imaging agents, jumped as...

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • BERLIN, March 5- Germany has a budget of 2.5 billion euros for 4-6 new warships and plans to issue a tender open to European firms, with the contract settled by 2017 for delivery from 2023, a defence ministry source said on Thursday. Military sources said plans to develop the new ship with the Netherlands appeared to have been abandoned because its needs were too...

  • Lotus CEO leans towards SUV launch as sales pick up Thursday, 5 Mar 2015 | 12:36 PM ET

    GENEVA, March 5- As car industry leaders gathered in Geneva this week to fret about how to cram more software and electronics into their vehicles, one man stood out. While defiantly analogue models like its newly upgraded Evora flagship may eventually get more digital controls, Gales said in an interview, the priority is a return to Lotus's lean essentials- which...

  • March 5- New Jersey officials said on Thursday that ExxonMobil had agreed to pay $225 million to the state to settle a long-standing lawsuit over environmental damage from its refinery operations and service stations through the state.

  • DAKAR, March 5- Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue to seek partners like Aliko Dangote-- Africa's richest man, with whom...

  • LONDON, March 5- Sterling rose to its strongest since late 2007 against the euro on Thursday, bolstered by signs that the European Central Bank might have to plough on with outright money-printing far into next year or longer to restore growth to the euro zone. In a volatile few minutes during ECB president Mario Draghi's post-meeting news conference, sterling...

  • LONDON, March 5- Euro zone financial markets rallied on Thursday after European Central Bank chief Mario Draghi pledged to buy government bonds beyond 2016 if necessary to achieve the goal of reflating the economy. He also dismissed concerns that the ECB might struggle to meet its 60 billion euro a month buy-back target if some investors are reluctant to sell...

  • French court rules UBS bullied ex-employee Thursday, 5 Mar 2015 | 12:09 PM ET

    PARIS, March 5- UBS France bullied a former worker who said she had refused to destroy documents that might have been of interest to tax evasion investigators, a Paris labour tribunal ruled on Thursday. The Swiss bank denied any bullying of the ex-employee, Stephanie Gibaud, and said the dispute between Gibaud and her boss was a simple misunderstanding.

  • NEW YORK, March 5- Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage-backed securities has upheld by a New York state appeals court. In a ruling on Thursday, the Manhattan appellate court said the bond trustee, Bank of New York Mellon Corp, did not abuse its discretion in negotiating the settlement. Bank of America struck the deal...

  • WASHINGTON, March 5- A group of prominent U.S. economists, including former Federal Reserve chiefs, Alan Greenspan and Ben Bernanke, wrote to congressional leaders Thursday to support key trade legislation but warn against including currency rules in trade deals. The economists, all former chairs of the President's Council of Economic Advisers, said...

  • *Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.

  • Aviva ensures FTSE 100's move back toward record highs Thursday, 5 Mar 2015 | 12:01 PM ET

    *Aviva and Friends Life surge after strong results. LONDON, March 5- Britain's top share index approached record highs again on Thursday, lifted by a rally in insurance stocks such as Aviva after positive results in the sector. Aviva rose 7.1 percent, to be among the top gainers in the FTSE 100, after reporting higher profits.

  • WASHINGTON, March 5- The number of Americans filing new claims for unemployment aid last week rose to its highest level since May, but economists dismissed the increase as weather-related and said the jobs market remained solid. "The underlying fundamentals of the economy remain solid and there is no reason we won't continue to see the type of economic growth...

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • No safety issues associated with long-term use of ATX-101 have been identified so far, FDA reviewers said on Thursday. An independent panel of experts will meet on Monday to discuss the drug and recommend to the FDA whether it should be approved. Leerink Partners analyst Seamus Fernandez said he expects the drug to be approved by May 13, when the FDA is scheduled...