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  • The chief executives of Vodafone and Deutsche Telekom said on Monday at the Mobile World Congress in Barcelona that network operators needed to give special treatment to data for new services like connected cars and smart electricity meters to ensure that they functioned properly. "We favour net neutrality, but we need to be allowed to have quality classes to...

  • *Palladium reaches 5-1/ 2- month high at $829.30/ oz. LONDON, March 2- Gold steadied on Monday as investors cashed in gains after upbeat Asian demand earlier lifted the metal to two-week highs, with expectations for a rise in U.S. interest rates later this year keeping a lid on prices. Earlier spot prices rose to $1,223.20 an ounce, their highest since Feb. 17, after an...

  • NEW YORK, March 2- It may be by far the most valuable American company but Apple Inc still can't get into at least one exclusive club- the 30- member Dow Jones Industrial Average. That may not be a problem for the company behind the iPhone and the iPad, after all Apple shares recently hit record highs. If Apple had replaced a badly lagging stock such as IBM, which has...

  • March 2- The Philadelphia branch of the Federal Reserve on Monday named Patrick Harker, head of the University of Delaware, as its president and newest U.S. monetary policymaker. Harker, 56, begins July 1 and succeeds Charles Plosser, who retired on Sunday. A relatively unknown name on the national economic scene, Harker currently sits as a director on the...

  • U.S. construction spending falls in January Monday, 2 Mar 2015 | 10:06 AM ET

    WASHINGTON, Feb 27- U.S. construction spending unexpectedly fell in January as both private and public outlays fell, a government report showed on Monday. Construction spending declined 1.1 percent to an annual rate of $971.4 billion, the Commerce Department. It was up 1.8 percent compared to January last year.

  • U.S. manufacturing growth slows to 13-month low -ISM Monday, 2 Mar 2015 | 10:00 AM ET

    NEW YORK, March 2- The pace of U.S. manufacturing growth fell in February to its slowest in 13 months, according to an industry report released on Monday. The Institute for Supply Management said its index of national factory activity fell to 52.9 from 53.5 the month before. The reading was shy of expectations of 53.1, according to a Reuters poll of economists, and was...

  • ATHENS, March 2- Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund. Athens is running out of options to fund itself despite striking a deal with the euro zone in February to extend its bailout by four months.

  • *Bidvest expects PIC to reject offer. *Bidvest offered 52 rand per share, or $515 mln. JOHANNESBURG, March 2- The chief executive of South Africa's Bidvest Group said his $515 million buyout offer for Adcock Ingram is likely to be rejected by a major shareholder, meaning the industrial conglomerate could end up with less than 100 percent.

  • WASHINGTON, March 2- The U.S. Supreme Court on Monday allowed to move forward antitrust class action claims against various manufacturers of polyurethane foam that face accusations of price-fixing. The manufacturers include Carpenter Co, Foamex Innovations Inc and Woodbridge Foam Corp.. Ace Foam Inc, U.S. Supreme Court, No. 14-577..

  • *Manufacturing data expected from Markit, ISM. *HP to buy Aruba Networks. At 9:45 a.m., data will be released on the manufacturing sector by financial data firm Markit, following shortly afterwards by the Institute for Supply Management's reading on the manufacturing sector at 10:00 a.m..

  • HAVANA, March 2- The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners and urge the U.S. Congress to lift the trade embargo against the Caribbean nation. Two former agriculture secretaries, a number of state agriculture officials and representatives...

  • NEW YORK, March 2- U.S. stocks opened flat on Monday, in the wake of the S&P 500' s best month in more than three years, as data showed consumer spending remained soft in January and ahead of a report on the manufacturing sector.

  • Russia's Novatek expects 2015 capex to fall 15 pct Monday, 2 Mar 2015 | 9:24 AM ET

    MOSCOW, March 2- Russia's second biggest gas producer, Novatek, expects 2015 capital expenditure to fall 15 percent to 50 billion roubles, Chief Financial Officer Mark Gyetvay said on Monday.

  • WASHINGTON, March 2- U.S. consumer spending fell for a second straight month in January, likely as lower gasoline prices continued to weigh on receipts at service stations. The Commerce Department said on Monday consumer spending slipped 0.2 percent after falling 0.3 percent in December. Income at the disposal of households after accounting for inflation...

  • *Iran Foreign Minister: nuclear deal possible this week. *'Long Way To Go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.

  • *Manufacturing data expected from Markit, ISM. *HP to buy Aruba Networks. At 9:45 a.m., data will be released on the manufacturing sector by financial data firm Markit, following shortly afterwards by the Institute for Supply Management's reading on the manufacturing sector at 10:00 a.m..

  • NEW YORK, March 2- U.S. Personal income rose by 0.3 percent in January though personal consumption fell by 0.2 percent, the U.S. Commerce Department said. It looks like that didn't really happen, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • PepsiCo to close Russian juice plant Monday, 2 Mar 2015 | 9:13 AM ET

    MOSCOW, March 2- PepsiCo Inc said on Monday it would close a juice plant outside Moscow as demand in Russia falls due to an economic slump and the Ukraine crisis. PepsiCo, the biggest fruit juice producer in Russia, said it would close a plant in the town of Ramenskoye which employs 400 staff and has more than 10 production lines. "From June 2015, juice production will be...

  • March 2- USA Today publisher Gannett Co Inc said it had reached an agreement with Carl Icahn resulting in the activist investor withdrawing his nominations to the company's board. Icahn, who owns about 6.6 percent of Gannett, nominated two directors in January, saying he was concerned about decisions the company may make in anticipation of the proposed spinoff...

  • MOSCOW, March 2- Yamal LNG, a project to produce 16.5 million tonnes of liquefied natural gas per year, is proceeding without delays, Mark Gyetvay, chief financial officer of Russia's No. 2 gas company Novatek, told a conference call on Monday. Novatek's access to global financial markets has been limited due to Western sanctions over Moscow's role in the Ukraine...