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  • RUSSIA'S PUTIN SAYS NO ONE SHOULD HAVE ILLUSION THEY CAN GAIN MILITARY SUPERIORITY OVER RUSSIA- INTERFAX.

  • SAN FRANCISCO, Feb 20- The status of a dispute between shipping executives and union leaders for dock workers at 29 U.S. West Coast ports was unclear on Friday, with the Journal of Commerce, which earlier reported a deal may have been reached, saying conflicting reports had emerged on the status of the nine-month-old talks. Labor Secretary Tom Perez joined the...

  • A Friday, 20 Feb 2015 | 10:59 AM ET
  • LONDON, Feb 20- The rouble's precipitous depreciation over the past year is forcing many of Russia's former Soviet trading partners into devaluations, while others are struggling to defend their currencies from collapse. The rouble has fallen 7 percent this year versus the dollar after shedding 43 percent in 2014, driven down by lower oil prices, stagnating...

  • NEW YORK, Feb 20- Valeant Pharmaceuticals International Inc is close to a deal to acquire bowel drug maker Salix Pharmaceuticals Ltd for around $160 per share, according to a person directly familiar with the matter. A deal of that size would be the largest ever for Valeant, which lost a takeover contest for Allergan Inc last year. The usually acquisitive Valeant...

  • *U.S., UK spies hacked SIM card maker Gemalto's system- Intercept. *Franco-Dutch firm Gemalto says it is investigating report. The alleged hack on Gemalto, if confirmed, would expand the scope of known mass surveillance methods available to U.S. and British spy agencies to include not just email and web traffic, as previously revealed, but also mobile...

  • OTTAWA, Feb 20- The Canadian government, which has pledged to make railways and shippers carry more insurance for oil shipments in light of recent fiery accidents, said it would introduce a bill on Friday to make rail transportation "safer and more accountable." Ottawa was galvanized into action after a runaway oil train exploded in Lac-M├ęgantic, Quebec, in 2013,...

  • WASHINGTON, Feb 20- The United States is fining air bag maker Takata Corp $14,000 per day for failing to cooperate fully with the government investigation into the company's defective airbags, the U.S. transportation secretary said on Friday. Transportation Secretary Anthony Foxx said the National Highway Traffic Safety Administration issued two orders...

  • EURO GAINS TO SESSION HIGH AGAINST US DOLLAR, LAST TRADES AT $1.1371.

  • SAN FRANCISCO, Feb 20- Shipping executives and union leaders for dock workers at 29 U.S. West Coast ports may have reached a tentative deal late Thursday, the Journal of Commerce said in a tweet on Friday, citing sources. Labor Secretary Tom Perez joined the talks in San Francisco on Tuesday at the behest of President Barack Obama, who has come under growing pressure...

  • SAO PAULO, Feb 20- Truckers protesting high diesel prices in Brazil used road blocks to restrict the flow of soy, corn and other commodities in a key grain-growing region for a third day on Friday, threatening what is expected to be a record harvest. A group of transport companies and independent truckers are blocking the flow of goods on the main highway and other...

  • NEW YORK, Feb 20- United Auto Workers President Dennis Williams told Reuters it would be an "injustice" if workers at the Detroit Three automakers don't get a raise in contracts this year, but he said the union must also ensure the companies remain competitive. Williams, in an interview on Thursday with the Reuters editorial board in New York, gave a glimpse of the...

  • Feb 20- The Obama administration said on Friday it would create a special enrollment period for uninsured tax filers who were unaware they could face penalties for missing the official open enrollment deadline of Feb. 15. Officials also said that IRS forms sent to about 800,000 tax filers contained a health insurance subsidy error that could cause some people...

  • WASHINGTON, Feb 20- The United States is fining air bag maker Takata Corp $14,000 per day for failing to cooperate fully with the government's investigation into the company's defective airbags, the U.S. transportation secretary said on Friday. "Safety is a shared responsibility and Takata's failure to fully cooperate with our investigation is unacceptable...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- Greece's leftist prime minister said on Friday he was certain euro zone finance ministers would accept Athens' request for an extended loan but Germany demanded "significant improvements" in Greek reform commitments. German Chancellor Angela Merkel, speaking after talks in Paris, said all EU...

  • *China markets reopen on Feb. 25. LONDON, Feb 20- Copper prices fell on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday. Markets in China, which consumes roughly 40 percent of global refined copper, will reopen on Feb. 25.

  • US TRANSPORTATION SECRETARY FINES AIR BAG MAKER TAKATA $14,000 PER DAY.

  • NEW YORK, Feb 20- U.S. stocks fell on Friday, with the Nasdaq set to break a seven-session streak of gains, amid ongoing uncertainty over negotiations for a debt deal in Greece. In a positive sign, the new prime minister of Greece said he was certain that euro zone finance ministers would accept Athens' request for an extended loan, while Germany seemed to soften its...

  • FOREX-Euro falls before Greek talks Friday, 20 Feb 2015 | 9:47 AM ET

    NEW YORK, Feb 20- The euro fell against the U.S. dollar for a third consecutive session on Friday as traders remained cautious before a meeting later in the day on Greece's request for a six-month loan extension. Greece's EU/IMF bailout program expires on Feb. 28, and Greek Prime Minister Alexis Tsipras, who won power promising to ditch the bailout, needs to secure a...

  • PARIS, Feb 20- Spending by Russian tourists abroad has plunged, diving 51 percent in January after falling 44 percent in December because of the rouble's freefall, according to figures released by tax-refund company Global Blue. Last week, Jean-Francois Palus, No.2 at Gucci owner Kering, said the group's Italian tailor Brioni had witnessed a significant drop in...