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  • *TARGET TO RAISE MINIMUM WAGE TO $9/HOUR - DOW JONES Wednesday, 18 Mar 2015 | 4:06 PM ET
  • T-Mobile rolls out promotions for businesses Wednesday, 18 Mar 2015 | 4:00 PM ET

    March 18- T-Mobile US Inc rolled out various promotions and cheap data plans for businesses to take away market share from larger rivals AT&T Inc and Verizon Communications Inc.. Businesses with more than 1,000 lines will pay $10 per month for each line. Verizon and AT&T accounts for 87 percent of the $83 billion in wireless revenue from businesses, T-Mobile...

  • BRASILIA, March 18- Brazilian President Dilma Rousseff launched an anti-corruption offensive on Wednesday to counter rising discontent over a kickback scandal engulfing state-run oil company Petrobras that has implicated her allies and undermined her popularity. Her anti-corruption proposals, contained in bills submitted to Congress, include the...

  • PARIS/ ZURICH, March 18- Cement makers Holcim and Lafarge, seeking to save their merger deal, are discussing a new leadership for the combined group which would give Lafarge's boss Bruno Lafont a lesser role, sources familiar with the matter said on Wednesday. Lafont could be named co-chairman of the future company, two of the sources said, alongside Wolfgang...

  • WASHINGTON, March 18- The United States and New Zealand on Wednesday challenged Indonesia's import restrictions on food and other farm products, saying barriers to goods ranging from potatoes to poultry breached international trade obligations. "I'm proud to take this action today standing up on behalf of farmers and ranchers across the United States who...

  • GLOBAL MARKETS-U.S. shares, oil jump after Fed statement Wednesday, 18 Mar 2015 | 3:39 PM ET

    *Wall Street stocks rise after Fed relieves rate hike worries. NEW YORK, March 18- Stocks on Wall Street surged and oil prices jumped as much as 5 percent on Wednesday after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates even as it moved toward its first rate hike in almost a decade. Stocks on Wall Street rebounded...

  • OTTAWA, March 18- Canada's energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp, according to documents reviewed by Reuters. It marks the second time in recent years the regulator has probed safety practices at Canada's second-largest pipeline company following complaints by a...

  • LOS ANGELES, March 18- Starbucks Corp Chief Executive Howard Schultz has deftly navigated thorny issues such as gay marriage, gun control and Congressional gridlock, but his move to weigh in on U.S. race relations has brewed up a social media backlash. at center page and "RaceTogether" and the Starbucks logo near the bottom. Company employees, known as baristas, were...

  • US STOCKS-Wall St surges as Fed statement offers relief Wednesday, 18 Mar 2015 | 3:31 PM ET

    *Indexes up: Dow 1.3 pct, S&P 1.4 pct, Nasdaq 1.2 pct. NEW YORK, March 18- U.S. stocks rallied on Wednesday after the Federal Reserve cut its expected pace of growth and inflation, suggesting a less aggressive timeline for raising interest rates even as it opened the door for the first rate hike in almost a decade. "By eliminating' patient' from its guidance it removed an...

  • This left Illinois in the worst shape of the 43 U.S. states that had filed fiscal 2014 audits. Illinois had $45.1 billion of net assets, including revenue, land, buildings, investments and cash on hand, versus $94.3 billion in liabilities such as expenses, debt and pensions. At the end of fiscal 2014, Illinois only had $275.7 million in its budget stabilization fund,...

  • CARACAS, March 18- Venezuela asked a World Bank tribunal on Wednesday to toss out an order that it pay Swiss airport operator Flughafen Zurich AG and a Chilean partner nearly $36 million for the government takeover of airport facilities they operated in the country a decade ago. He said the request was filed with the World Bank's International Center for...

  • In a 2-1 ruling, the 9th U.S. Circuit Court of Appeals in San Francisco found that King County acted reasonably when it barred the ad, which sparked threats of vandalism and violence that could have endangered passengers. The American Civil Liberties Union of Washington, which helped challenge the ban, is disappointed in the ruling, Executive Director Kathleen...

  • NEW YORK, March 18- Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates despite being open to the first rate hike in almost a decade. Brent closed up $2.40, or 4.5 percent, at $55.91 a barrel, after rallying more than $3 after the Fed statement.

  • NEW YORK, March 18- The dollar tumbled across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. As expected, the U.S. Central Bank dropped the word "patient" from its statement in terms of raising interest...

  • March 18- Starbucks Corp will begin offering delivery in New York City and Seattle later this year, when it also plans to expand mobile order and pay services across the United States. The new efforts, announced at Starbucks' annual meeting on Wednesday, come as U.S. restaurant chains ranging from McDonald's Corp to Panera Bread Co turn to technology to increase...

  • ANALYSIS-ECB's money printing may stymie cash generators Wednesday, 18 Mar 2015 | 3:00 PM ET

    LONDON, March 18- The European Central Bank may well be printing money via its landmark government bond buying programme, but it could also be destroying some of the financial system's own printing presses in the process. Little over a week after the ECB launched its 1 trillion euro' quantitative easing' campaign, financial markets are fretting that there is a...

  • *SPDR Gold Trust dropped 0.4 pct on Tuesday. NEW YORK/ LONDON, March 18- Gold prices surged more than 2 percent on Wednesday, on track for the biggest rally since January after the Federal Reserve signaled a more cautious outlook for U.S. economic growth, and the dollar tumbled. "The Fed is now on the launching pad at Cape Canaveral; however, whether the mission is Apollo...

  • NEW YORK, March 18- Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. Ron Marks, a co-founder of Tormar Associates, in a statement issued on Wednesday called Citigroup's claims "inaccurate." Danielle Romero-Apsilos, a Citigroup...

  • US STOCKS-Wall St jumps as Fed statement relieves worries Wednesday, 18 Mar 2015 | 2:36 PM ET

    NEW YORK, March 18- U.S. stocks climbed on Wednesday, reversing course as the Federal Reserve moved a step closer to its much-anticipated first rate hike since 2006 by removing "patient" from its language. "Some may have been fearing a more hawkish Fed, and that explains the rally we're seeing right now," said John Carey, portfolio manager at Pioneer Investment...

  • Russia's gas talks with Turkey underway - Kremlin Wednesday, 18 Mar 2015 | 2:34 PM ET

    MOSCOW, March 18- Russia's gas talks with Turkey are underway and the Kremlin is hoping for mutually acceptable outcome, President Vladimir Putin's spokesman said on Wednesday. On Tuesday, Putin and Turkish President Tayyip Erdogan discussed the "Turkish Stream" gas project during a telephone call as Moscow continues to push for its new undersea pipeline to...