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  • NEW YORK, March 3- United Airlines expects to dip into its cash pile to help fund the purchase of new aircraft this year and rely less on debt financing, reflecting the U.S. airline industry's dramatic financial turnaround, the carrier's Chief Financial Officer John Rainey said in an interview. United, which had about $4.4 billion cash on hand at the end of last year,...

  • UNITED AIRLINES CFO SAYS EXPECTS TO USE CASH PILE TO HELP FINANCE AIRCRAFT PURCHASES THIS YEAR.

  • UNITED AIRLINES MAY USE CASH TO PAY FOR ABOUT HALF OF THE COST OF INDIVIDUAL PLANES- CFO.

  • BRASILIA, March 3- Brazil's top prosecutor Rodrigo Janot asked the Supreme Court on Tuesday to open an investigation into 54 politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petroleo Brasileiro SA, a Supreme Court spokesman said on Tuesday. Janot's office did not release the names of the politicians...

  • March 3- Apple Inc is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division. Around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company's most critical projects, A123's lawsuit...

  • Oil and gas contractor Cal Dive files for bankruptcy Tuesday, 3 Mar 2015 | 6:28 PM ET

    March 3- Offshore oil and gas contractor Cal Dive International Inc said the company and its U.S. subsidiaries filed for voluntary bankruptcy protection. Cal Dive's foreign units have not sought bankruptcy protection and will continue to operate outside of any reorganization proceedings, the company said on Tuesday. Cal Dive has been hurt by the slump in...

  • WASHINGTON, March 3- Bipartisan talks on how to speed trade deals through the U.S. Congress are deadlocked and legislation is unlikely to come up for debate before April, a senior Republican senator said on Tuesday, tightening the timeframe to finish a Pacific trade pact before the U.S. election season. Senate Finance Committee Chairman Orrin Hatch said talks on...

  • March 3- Digital video recorder maker TiVo Inc reported better-than-expected quarterly revenue and profit, helped by higher subscriptions. TiVo had the best fourth quarter in seven years in terms of net subscriber additions in its retail business, Chief Executive Tom Rogers said. TiVo's net income rose to $7.1 million, or 7 cents per share, in the quarter ended...

  • BOGOTA, March 3- Colombia's state-controlled oil company Ecopetrol will propose distributing 70 percent of its 2014 net profit of 7.5 trillion pesos as an ordinary dividend at its upcoming shareholder meeting, the company said on Tuesday. The size of Ecopetrol's dividend payouts has a direct impact on the Andean nation's public finances since the...

  • March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year. The plan was filed on Monday when the parent company Caesars...

  • SAN FRANCISCO, March 3- Venture capitalist John Doerr on Tuesday sought to fend off allegations of sexism at his firm, Kleiner Perkins Caufield& Byers, in testimony in a gender discrimination lawsuit targeting the firm. Whether the firm supported women as much as men is a major point of contention in the case, which has helped spark a broad and ongoing discussion...

  • March 3- U.S. retailer Target Corp, which has been battling back after a massive data breach and sluggish performance, on Tuesday said it will eliminate several thousand jobs, mainly from headquarters locations in the United States and India, as it aims to cut $2 billion in costs over two years. Target said the job cuts would primarily come from corporate locations...

  • The number of men being prescribed testosterone jumped more than 75 percent, to 2.3 million, between 2009 and 2013. About 70 percent of these patients were between the ages of 40 and 64, the FDA said. AbbVie Inc's AndroGel, one of the most widely-used products, raked in sales of $934 million in 2014. Other products include Endo International Plc's Testim and Eli...

  • CHARLESTON, S.C., March 3- Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday. South Carolina State Representative Chip Limehouse, a Republican from Charleston, said officials in North Charleston, South Carolina, told him the German automaker...

  • March 3- Royal Bank of Scotland is aiming to cut as many as 14,000 jobs in its investment banking units across the United States and Asia, the Financial Times reported. Of the total 18,000 people who work for RBS' investment banking unit, it aims to slash as many as four of every five positions by 2019, while overhauling the back-office systems to automate them, the...

  • NEW YORK, March 3- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African nation. Higher prices imposed by Saudi Arabia on its crude buyers in Asia, the United States and northwest Europe was another...

  • *Netanyahu hits out against Iran in U.S. Congress, fueling rise. NEW YORK, March 3- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces targeted oil terminals in the African nation. Gains accelerated just before noon in New York when...

  • WASHINGTON, March 3- The Senate Banking Committee on Tuesday launched its effort to pursue reforms at the Federal Reserve, with the central bank's regional structure among the topics that came into the panel's cross-hairs. This month, outgoing Dallas Fed President Richard Fisher said the Fed should revamp its rules to address perceptions of conflicts of...

  • WASHINGTON, March 3- U.S. automakers have written to Federal Reserve Chair Janet Yellen to say the U.S. central bank need not worry about the impact of adding currency rules to trade deals. Yellen warned Congress last week against a bid to crack down on currency cheats and said adding currency rules to trade deals could hobble monetary policy.

  • NEW YORK, March 3- A U.S. judge on Tuesday said he would not yet rule on whether Citigroup Inc can process interest payments by Argentina on bonds issued under its local laws following the country's 2002 default. District Judge Thomas Griesa told the lawyers for Citigroup and holdout investors in a hearing in New York that he would not issue a decision on Tuesday...