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  • Brazil nuclear plant maintenance adds to energy crunch Wednesday, 26 Mar 2014 | 7:34 PM ET

    BRASILIA, March 26- Brazil will shut down one of its two nuclear power reactors for refueling and maintenance, depriving the nation of enough electricity to light up a city of about 1 million at a crucial time when it faces the prospect of power rationing due to drought.

  • White House defends extension of Obamacare deadline Wednesday, 26 Mar 2014 | 7:33 PM ET

    WASHINGTON, March 26- The White House on Wednesday defended extending some enrollments for health insurance under the Affordable Care Act past a March 31 deadline, saying doing so was comparable to allowing voters who are in line when polls close to cast their ballots.

  • Rear Admiral Michael Manazir, director of the Navy's air warfare division, said on Wednesday the Navy decided to put the additional Growlers on an "unfunded priorities" list requested by Congress after classified studies showed the planes would improve the effectiveness of the overall 44- plane strike group on a carrier.

  • WASHINGTON/ NEW YORK, March 26- The Federal Reserve on Wednesday rejected Citigroup Inc's plans to buy back $6.4 billion of shares and boost dividends, saying the bank is not sufficiently prepared to handle a potential financial crisis.

  • NOVO-OGARYOVO, Russia/ BERLIN- The chief executive of engineering conglomerate Siemens gave a rare sign of German support to Russian President Vladimir Putin at the height of an economic standoff with the West over Ukraine, saying his firm supported a "trusting relationship" with Russian companies.

  • WASHINGTON, March 26- Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis.

  • The SEC is still actively eyeing a plan that would force prime institutional money market funds to abandon their stable $1 per-share net asset value and float their share price.

  • U.S. FCC still eyeing caps for 2015 spectrum auction Wednesday, 26 Mar 2014 | 6:31 PM ET

    In April 2013, the U.S. Justice Department urged the FCC to devise an auction that would help ensure smaller carriers obtained a fair share of that spectrum. The so-called incentive auction will give TV stations that currently own the valuable frequencies the opportunity to voluntarily give up their frequencies to the FCC.

  • Merck, Glaxo end co-pay assistance for Obamacare plans Wednesday, 26 Mar 2014 | 6:26 PM ET

    March 26- Merck and Co Inc and GlaxoSmithKline Plc are not reimbursing drug co-payments for patients who purchase their health insurance through state and federal exchanges set up under the Obamacare program.

  • NEW YORK, March 26- Kenneth Lewis, who turned Bank of America Corp into the nation's largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch& Co..

  • In a court filing on Tuesday, the McGraw Hill Financial Inc unit proposed holding a trial in two phases, with the first focusing on just the 17 securities where Citigroup Inc is alleged to have suffered losses.

  • March 26- Texas power generator Energy Future Holdings Corp is in last-minute talks with creditors to reach a debt-restructuring deal and may consider delaying the filing of its annual report, two sources told Reuters. EFH, formerly TXU Corp, was the largest generator in Texas before a $45 billion buyout in 2007..

  • ABIDJAN, March 26- Ivory Coast awarded 294 billion CFA francs worth of public procurement, nearly 43 percent last year's total by value, via no-bid contracts according to government figures, despite growing donor concern and public suspicion of graft.

  • SPRINGFIELD, Ill., March 26- In an effort to keep the state budget afloat, Illinois Governor Pat Quinn on Wednesday proposed making permanent a once-temporary hike in the state's income tax, a key issue in the 2014 gubernatorial election campaign,.

  • *Facebook to buy Oculus for $2 billion; shares fall nearly 7 pct. NEW YORK, March 26- U.S. stocks fell on Wednesday, led by losses in the technology and materials sectors, as geopolitical concerns rose after the United States and the European Union agreed to work together on tougher sanctions on Russia.

  • *Coast Guard stretches shipping cutoff to midnight from 6 p.m.; to resume at daylight. On Tuesday, when both inbound and outbound traffic resumed, the Coast Guard stopped movement at about 6 p.m. CDT to limit the spread of fuel oil floating in Galveston Bay.

  • Ex-MP3tunes chief hit with $41 million copyright verdict Wednesday, 26 Mar 2014 | 5:40 PM ET

    NEW YORK, March 26- The former chief executive of defunct online music storage firm MP3tunes was ordered to pay an estimated $41 million on Wednesday after being found liable for infringing copyrights owned by record companies and music publishers once part of EMI Group Ltd..

  • *Dow, S&P 500 and Nasdaq all down on Russia tensions. NEW YORK, March 26- U.S. stocks fell on Wednesday, led by fresh selling in technology shares after the West agreed to prepare possibly tougher sanctions to punish Russia over Ukraine, while the dollar pared gains made on strong U.S. economic data.

  • WASHINGTON/ SAN FRANCISCO, March 26- Snapchat is known for an app that enables users to send photo messages that can vanish within seconds of being viewed.

  • SANTIAGO, March 26- U.S. planemaker Boeing is positive that it can reach a market share in Latin America of least 50 percent of orders in coming years, a senior regional executive told Reuters on Wednesday.