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  • *Yellen testimony to House identical to Senate testimony. NEW YORK, Feb 25- U.S. Yellen's testimony to the House Financial Services Committee was identical to one she delivered Tuesday to the Senate Banking Committee.

  • Workday's revenue rises 60 pct on higher subscription Wednesday, 25 Feb 2015 | 4:22 PM ET

    Feb 25- Workday Inc's quarterly revenue rose 60 percent, helped by strong subscription growth for its web-based human resources software. Revenue rose to $226.3 million in the fourth quarter ended Jan. 31 from $141.8 million a year earlier. Net loss attributable to stockholders widened to $59.5 million, or 32 cents per share, from $56 million, or 32 cents per share.

  • WASHINGTON, Feb 25- The United States ordered Takata Corp on Wednesday to preserve all air bag inflators removed through the recall process as evidence for both a federal investigation and private litigation cases, the U.S. Transportation Department said.

  • MONTREAL, Feb 25- Caisse de depot et Placement du Quebec, Canada's second-largest pension fund manager, reported solid returns for 2014 on Wednesday and said it is counting on strong returns from infrastructure and real estate investments to drive growth in the face of what may be tumultuous market conditions ahead. The Caisse, which manages public pension...

  • Salesforce quarterly revenue jumps 26 pct Wednesday, 25 Feb 2015 | 4:15 PM ET

    Feb 25- Cloud software company Salesforce.com Inc reported a 26 percent jump in quarterly revenue, helped by higher demand for its web-based sales and marketing software and services. The company's net loss narrowed to $65.8 million, or 10 cents per share, in the fourth quarter ended Jan. 31, from $116.6 million, or 19 cents per share, a year earlier.

  • NEW YORK, Feb 25- The S&P 500 closed down and the Nasdaq snapped a 10- day winning streak on Wednesday as investors took profits in Apple shares, while the Dow eked out another record closing high.

  • SHANGHAI, Feb 26- A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers' fears about the quality and safety of local everyday goods. Smaller local internet firms like Netease Inc, which partnered last month with Sinotrans to set up an online bazaar, are also...

  • Petrobras scandal about to hit Brazil's political class Wednesday, 25 Feb 2015 | 3:51 PM ET

    BRASILIA, Feb 25- Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that could involve members of Congress and President Dilma Rousseff's government. Under Brazilian law, lawmakers and cabinet members can only be tried by the Supreme Court.

  • MADISON, Wis., Feb 25- The Wisconsin state Senate on Wednesday began debating a proposal to make Wisconsin the 25th right-to-work state in the nation, as thousands of demonstrators protested the measure at the state capitol. The Republican-led state Senate is expected to approve the bill, which would prohibit requiring private sector workers to join or...

  • Working with investigators from Germany, Italy, the Netherlands and Britain, it was assisted by AnubisNetworks, a unit of BitSight Technologies; Microsoft Corp and Symantec Corp in dismantling the server infrastructure used by the criminals, Europol said. Authorities simultaneously seized servers in four countries after Microsoft and the Washington-...

  • Google to combine European units amid tougher rules - FT Wednesday, 25 Feb 2015 | 3:40 PM ET

    Feb 25- Google Inc is combining its two European arms to meet the challenges of a more combative regulatory landscape on the continent, the Financial Times said. Matt Brittin, who previously led Google's northern and western European division, will take over the day-to-day running of the new business, FT said. Google was not immediately available to comment.

  • WILMINGTON, Del., Feb 25- RadioShack Corp's sale of about 2,000 stores to a hedge fund is worth $200 million, an advisor to the electronics retailer told a U.S. Bankruptcy Court on Wednesday. This was the first time the bankrupt company has put an estimated value on the sale agreement with Standard General, which will keep about half of RadioShack's stores open and...

  • *Saudi Arabia's oil minister said sees demand improvement. NEW YORK, Feb 25- Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Brent April crude rose $2.97 to settle at at $61.63 a barrel.

  • Hutton, will join Barclays PLC's wealth and investment management division in the Americas next month as general counsel, a company spokeswoman said on Wednesday. "It's been a memorable journey," McKay wrote in a memo to Dominick employees, adding that he accepted Barclays' offer "after much tortured thought." The bank's former chief executive, Robert Diamond,...

  • The U.S. Department of Health and Human Services extended enrollment for people who had tried to buy an insurance plan on or before Feb. 15 but were unable to because of customer lines at the call center or technical issues. Some 40,714 people picked a plan after enrollment closed on Feb. 15. The enrollment period for 2015 coverage opened on Nov. 15 and closed on Feb. 15.

  • Brokerage firms file an average of five reports each per year, a number that is "disconcerting" and "far too low" given the and industry's volume of transactions, said Andrew Ceresney, director of the SEC Division of Enforcement, in prepared remarks. The SEC is considering enforcement cases against brokerages whose reporting efforts fall short, Ceresney said at an...

  • US STOCKS-S&P, Nasdaq edge down with Apple; Dow flat Wednesday, 25 Feb 2015 | 3:12 PM ET

    NEW YORK, Feb 25- The S&P 500 and Nasdaq edged lower in afternoon trading on Wednesday, led by losses in Apple shares, but gains consumer discretionary shares limited the decline. Shares of TJX were up 3.5 percent at $69.51 after results, while Target rose 0.3 percent to $77.17 after a stronger-than-expected jump in same-store sales and profits for the fourth...

  • SAN FRANCISCO, Feb 25- Google Inc launched an initiative on Wednesday to make smartphones running its Android software more appealing to corporations, a move that could help extend the Internet company's reach into workplaces. Google said it is partnering with more than two dozen companies including Blackberry Ltd, Citrix Systems Inc, Box Inc..

  • WASHINGTON, Feb 25- Federal Reserve Chair Janet Yellen on Wednesday fended off a stream of aggressive questions from Republican lawmakers who accused the central bank of making Democratic political causes a higher priority than its stewardship of the U.S. economy. Speaking in front of the House of Representatives Financial Services Committee, the normally...

  • TORONTO, Feb 25- National Bank of Canada, the country's sixth-largest lender, reported a stronger-than-expected profit on Wednesday, helped by gains at its financial markets division. The Montreal- based lender said net income rose to C $415 million, or C $1.16 per share, in the first quarter ended Jan. 31 from C $405 million, or C $1.15 per share, a year earlier.