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  • Feb 17- CVS Health Corp, the second-largest U.S. pharmacy chain operator, has warned that a new class of drugs being developed to lower "bad" cholesterol could cost the U.S. healthcare system as much as $150 billion per year. The new class of cholesterol drugs called PCSK9 inhibitors could be priced in the range of $7,000- $12,000 per year, CVS said.

  • Feb 17- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a slightly better-than-expected quarterly profit, helped by lower rubber and oil prices. The company, whose brands include Goodyear, Dunlop, Sava and Fulda, said its cost of sales fell 9 percent in the fourth quarter compared with the same quarter of 2013.. Goodyear, whose shares rose more than 4...

  • Tsipras says Greece will not compromise with euro zone Tuesday, 17 Feb 2015 | 9:43 AM ET

    ATHENS, Feb 17- Greek Prime Minister Alexis Tsipras said on Tuesday that his government was in no hurry to reach a deal with the euro zone on its election promises to end to austerity and would not compromise. "There has been a custom that newly elected governments act differently from their pre-election promises. Tispras also accused German Finance Minister...

  • PARIS, Feb 17- The French government said on Tuesday it could pass President Francois Hollande's economic reform bill by decree, removing the risk of it being blocked by a backbench rebellion. The reform package is needed to persuade the European Commission to give Paris more time to get its public finances into line with EU rules. A government source said Prime...

  • NEW YORK, Feb 17- U.S. stocks opened flat on Tuesday, the first trading session after the S&P 500 closed at a record high, although investors continued to watch the uncertainty over a Greek debt deal and a fragile Ukraine truce.

  • DUBLIN, Feb 17- Ireland is to proceed with plans for a law requiring tobacco companies to sell cigarettes in plain packets, legislation that has prompted a threat of legal action from Japan Tobacco International. Ireland said in 2013 it wanted to become the first country in the European Union to ban branding on cigarette packages. Australia introduced a ban a few...

  • Feb 17- A CSX Corp oil train that derailed and erupted in flames in West Virginia on Monday was hauling newer model tank cars, not the older versions widely criticized for being prone to puncture, the firm said. The train, which was carrying North Dakota crude to an oil depot in Yorktown, Virginia, derailed in a small town 33 miles southeast of Charleston.

  • FRANKFURT, Feb 17- There should be no sudden end to the European Central Bank's approval of emergency funding for Greek banks expected this week, a person familiar with the situation said. The ECB's Governing Council meets on Wednesday and will review the provision of so-called Emergency Liquidity Assistance to Greek banks, with Greece at loggerheads with...

  • MOSCOW, Feb 17- Russia regards the breach of a covenant on Ukrainian Eurobonds purchased by Russia as "force majeure," Deputy Finance Minister Sergei Storchak said on Tuesday, Interfax news agency reported. The change in the rate of the hryvnia has entirely changed the model of calculation, "he said, reiterating that Russia did not intend to demand early redemption...

  • Feb 17- Activist investor H Partners Management LLC said it is seeking the immediate ouster of Tempur Sealy International Inc Chief Executive Mark Sarvary, citing concerns about the bedding company's missed financial forecasts and stock performance. Tempur Sealy has rebuffed the fund's earlier attempts to secure a seat on the mattress maker's board, H...

  • NEW YORK, Feb 17- Mohamed El-Erian, chief economic adviser at Allianz SE, said Tuesday that Ukraine and Greece are major market risks, but that the biggest risk is the "illusion of liquidity." "The biggest risk is this illusion of liquidity," El-Erian told cable television network CNBC. " El-Erian also said that, while the risks surrounding Greece's finances and...

  • TORONTO, Feb 17- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, saw higher quarterly sales growth at both brands, but posted a net loss due to one-time costs related to the merger. "Whenever you do a transaction like that, there's going to be a lot of one-time fees," Restaurant...

  • Apple orders 5-6 million Watches - WSJ Tuesday, 17 Feb 2015 | 9:03 AM ET

    Feb 17- Apple Inc has asked its Asian suppliers to make 5-6 million units of its three Apple Watch models for the first-quarter, the Wall Street Journal reported, citing people familiar with the matter. Apple Watch Edition, the high-end model with 18- karat gold casing, is expected to have relatively small orders in the first quarter but Apple plans to produce more...

  • *Investors watching situations in Greece, Ukraine. NEW YORK, Feb 17- U.S. stock index futures pointed to a quiet open on Tuesday, the first trading session after the S&P 500 closed at a record high, although investors continued to watch the uncertainty over a Greek debt deal and a fragile Ukraine truce. Much of the advance came on signs of progress for the debt deal in...

  • RUSSIAN COURT CONFIRMS EARLIER SUSPENDED SENTENCE FOR KREMLIN CRITIC NAVALNY- IFAX.

  • LONDON, Feb 17- Greek financial markets slipped but kept their composure on Tuesday after debt talks with the euro zone broke down, on expectations that Athens and its European partners would eventually agree a compromise. Greek government bond yields rose as much as 80 basis points and stocks fell 1 percent-- limited moves by the standards of Greece's illiquid...

  • Feb 17- Israel's VBL Therapeutics Inc said it would stop developing its experimental inflammatory drug to fight ulcerative colitis and psoriasis, sending its shares tumbling 45 percent before the bell. Separately, the biotechnology company said the U.S. Food and Drug Administration lifted a partial hold on another drug that is being tested to treat an...

  • Feb 17- Goodyear Tire& Rubber Co reported a 9 percent drop in quarterly revenue due to lower shipments of replacement tires in Europe, which the company blamed on a milder-than-expected winter. Goodyear, whose brands include Dunlop, Sava and Fulda tires, said its revenue fell to $4.36 billion in the fourth quarter ended Dec. 31 from $4.79 billion a year earlier.

  • TORONTO, Feb 17- Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for some $1.88 billion to become one of the top five underwriters on the Lloyd's of London market. The Brit deal comes a month after XL Group snapped up Lloyd's of London's Catlin Group for $4.22 billion, and is the...

  • Feb 17- U.S. coal miner Walter Energy Inc reported a bigger-than-expected quarterly loss as it sold less metallurgical coal after suspending mining operations in Canada. Walter Energy also forecast metallurgical coal sales to fall to 8.5 MMTs to 9 MMTs in 2015 from $9.7 MMTs in 2014, helping to send its shares down more than 8 percent to $1.00 in premarket...