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  • U.S. judge taps lead lawyers for Takata air bag cases Tuesday, 17 Mar 2015 | 6:10 PM ET

    NEW YORK, March 17- Five plaintiffs' lawyers, including high-profile attorney David Boies, were appointed by a federal judge on Tuesday to lead civil litigation against Takata Corp and several car manufacturers for injuries caused by allegedly faulty air bags. Prieto filed one of the first U.S. lawsuits last year against the Japanese company alleging that...

  • WASHINGTON, March 17- Ukraine's finance minister on Tuesday said the country wants to be "flexible" in its discussions with sovereign bondholders over renegotiating its debt, and is not ruling out any form of agreement, including maturity extension. Finance Minister Natalia Yaresko also called on the United States to further boost its financial assistance to...

  • Kraft to recall 242,000 Macaroni and Cheese boxes Tuesday, 17 Mar 2015 | 5:55 PM ET

    March 17- Kraft Foods Group Inc said it is recalling about 242,000 cases of Kraft Macaroni& Cheese Dinner, saying some boxes may contain small pieces of metal. The company said the recalls apply to some of the the "original" flavor packs of the product that have the "best when used by" dates of Sept. 18, 2015 through Oct. 11, 2015 with the code "C2" on each box.

  • PARIS, March 17- The deficit of France's welfare system fell to 9.7 billion euros in 2014, two billion euros less than expected and down from 12.5 billion euros in 2013, the Finance Ministry said on Tuesday. France's Socialist government is struggling to bring its public deficit down to three percent of gross domestic product by 2017, having been granted three...

  • NEW YORK, March 17- Oil prices came under renewed pressure in Tuesday's post-settlement trade, after a 3- day losing streak, as an industry group reported a huge build in U.S. crude inventories ahead of official data. Industry group American Petroleum Institute said after the market's settlement that crude stockpiles rose by 10.5 million barrels in the week to...

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of U.S.

  • March 17- Photoshop maker Adobe Systems Inc forecast a second-quarter profit that missed the average analyst estimate and reported a lower-than-expected rise in subscriptions for its Creative Cloud software suite. The company's revenue forecast of $1.13 billion- $1.18 billion was also largely below the average analyst estimate of $1.18 billion.

  • SEATTLE, March 17- Oracle Corp posted flat third-quarter revenue and slightly lower profit as the U.S. dollar strengthened, but the business software maker on Tuesday raised its quarterly dividend 25 percent to 15 cents a share. Shares of Oracle, often a barometer for the technology sector, initially fell but quickly rose 3.3 percent in after-hours trading to...

  • March 17- Nektar Therapeutics said its experimental drug failed to meet the main goal in previously treated patients with advanced breast cancer in a late-stage study. Breast cancer is the second leading cause of cancer-related death among women, according to the U.S. National Cancer Institute. This year, an estimated 207,000 women will be diagnosed with the...

  • *Netanyahu closes gap with Herzog's Zionist Union- polls. Two television polls, for Channel 10 and Channel 1, said Likud and Herzog's Zionist Union had each secured 27 seats each in the 120- member Knesset. In the final days of the campaign, opinion polls had given Zionist Union a lead of three to four seats over Likud, a margin that appeared to give Herzog a fighting...

  • SAN FRANCISCO, March 17- Google Inc was wrong to let expectations about its Glass wearable gadget get overheated, the head of the Google X research lab said on Tuesday. The Internet company did not do enough to make clear that the $1,500 computer that mounts to a pair of eyeglasses was merely a prototype and not a finished product, Google's Astro Teller said during a...

  • Moscow proposed the undersea pipeline, which envisages piping gas to a hub on the Turkish-Greek border, after abandoning South Stream, through which it aimed to deliver to Europe while bypassing Ukraine.

  • Six months after Alibaba's IPO, the shares are down more than 29 percent from their November high. Alibaba opened on Sept. 19 at $92.70, ended its first day at $93.89 and reached its peak on November 13, when it hit $120. Alibaba, which already commands 80 percent of the Chinese market and handles more ecommerce than Amazon and eBay combined, trades at a...

  • *Wall St stocks broadly lower but Nasdaq rises with Apple. NEW YORK, March 17- Stocks mostly ended lower on Tuesday as investors turned their focus to the Federal Reserve's two-day policy meeting, which is being closely watched for signs of when the U.S. central bank will raise interest rates. Wall Street stocks were broadly lower, pulling back after Monday's rally,...

  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, has begun to cut some 340 employees in North America, and started...

  • March 17- ConocoPhillips expects production to climb 11 percent to touch 1.7 million barrels of oil equivalent per day in 2017.. ConocoPhillips said on Tuesday it expects output to grow 2-3 percent in 2015. It did not specify a growth rate for 2016.. ConocoPhillips, like its rivals such as Chevron Corp and Apache Corp, has deferred drilling plans and delayed...

  • UPDATE 1-Oracle revenue flat, hurt by strong dollar Tuesday, 17 Mar 2015 | 4:28 PM ET

    March 17- Oracle Corp reported flat revenue for its fiscal third-quarter on Tuesday, held back by the recent rise in the U.S. dollar, but increased its quarterly dividend 25 percent to 15 cents a share. Shares of Oracle, often a barometer for the technology sector, initially fell but quickly rose 0.8 percent in after-hours trading to $43.20. "Although currency...

  • WASHINGTON, March 17- The United States on Tuesday set preliminary duties on welded line pipe from Turkey after finding they are produced using unfair government subsidies, but spared South Korean imports. Companies, including Northwest Pipe Company, JMC Steel Group division Energex and Maverick Tube Corporation, complained that rising imports forced...

  • March 17- Photoshop maker Adobe Systems Inc posted an 11 percent rise in quarterly revenue as it sold more subscriptions to its Creative Cloud suite. The company's net income rose to $84.9 million, or 17 cents per share, in the first quarter ended Feb. 27, from $47 million, or 9 cents per share, a year earlier. Revenue rose to $1.11 billion from $1 billion.

  • March 17- Facebook Inc said it is adding a new feature to its messaging app that allows friends to send and receive money through it. Users can tap or click a dollar icon in a new chat window to send money to their friends, after they link a Visa or MasterCard debit card issued by a U.S. bank to their accounts. The free feature will roll out over the next few months for users...