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  • NEW YORK, Feb 3- A U.S. prosecutor sought on Tuesday to dissuade jurors of believing that the man who created the underground website Silk Road abandoned the venture before authorities shut it down, saying he operated it from beginning to end. Ross Ulbricht, who is on trial in Manhattan federal court, admits to creating Silk Road, where drugs and other goods could be...

  • HOUSTON, Feb 3- A strike by U.S. refinery workers entered a third day on Tuesday as contact resumed between the lead industry negotiator, Royal Dutch Shell Plc, and union leaders over a new nationwide wage deal. Asked about the status of the contact on Tuesday, Shell spokesman Ray Fisher said: "The USW and Shell continue to dialogue." "No meetings have been scheduled as of...

  • *Dollar heads for sharpest one-day loss since July 2013. NEW YORK, Feb 3- Oil prices rose on Tuesday, headed for the biggest four-day advance since January 2009 as a tumbling dollar sent commodities rallying. Benchmark Brent crude oil was up $3.77 at $58.52 a barrel by 2:02 p.m. ET.

  • SAN FRANCISCO, Feb 3- Twitter Inc's stock jumped more than 6 percent on Tuesday after the social media company said its promoted tweets will appear on third-party mobile apps and websites under a new advertising distribution program. Its first partners are newsreader app Flipboard and Yahoo Japan. The company's stock price has been under pressure, down...

  • ST. PAUL, Minn., Feb 3- Minneapolis Fed President Narayana Kocherlakota said he expects the six members of his board of directors who are not picked by banks to conduct a' massive, national' search for a person to replace him when he steps down in February, 2016.. Any candidate would need approval by the Washington- based Fed Board of governors, a process which is "not pro...

  • *Company raises 2015 capex to C $920 mln- C $940 mln from C $820 mln- C $840 mln. Feb 3- Cheaper fuel helped WestJet Airlines Ltd report a 34 percent jump in quarterly profit and the Canadian carrier said it expected fuel costs to fall by up to 30 percent in the current quarter. The No. 2 Canadian airline by revenue behind Air Canada, said costs per available seat mile, a...

  • The U.S. Environmental Protection Agency's comments in a letter to the State Department give weight to President Barack Obama's view that the controversial pipeline should not be approved if it significantly increases carbon pollution. The State Department, which is evaluating the project because the TransCanada Corp pipeline would carry oil from a...

  • Feb 3- U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report. Cybersecurity is a growing concern for business, as highlighted by recent hacking incidents at Home Depot Inc, Sony...

  • WASHINGTON, Feb 3- The Federal Reserve Bank of New York plans to overhaul how it calculates the effective federal funds rate as part of a push to improve the information available on overnight bank lending. In an announcement on Monday the New York Fed said the new system would rely less on reports from brokers and more on transaction data collected from banks.

  • Feb 3- U.S. diversified manufacturer Eaton Corp Plc posted higher-than-expected quarterly profit on Tuesday helped by higher margins, sending its shares up more than 8 percent. Eaton's fourth-quarter net profit attributable to shareholders leapt 21 percent to $581 million, or $1.23 a share, from a year earlier. Excluding items, operating earnings of $1.27 per...

  • WASHINGTON, Feb 3- Two leaders in the U.S. House of Representatives said on Tuesday all children should be vaccinated, joining a debate that has become a national political flashpoint, as a measles outbreak rekindles a discussion on safety and the right of parents to forgo inoculation of their children. House Minority Leader Nancy Pelosi, a Democrat, said at the...

  • SAO PAULO, Feb 3- Brazilian planemaker Embraer SA expects to collect delayed payments from the government "in the first months of this year," said the company's defense chief Jackson Schneider in a phone interview with Reuters on Tuesday.

  • Feb 3- Target Corp on Tuesday named former Tesco PLC executive Mike McNamara as chief information officer to replace Bob DeRodes, who was hired in May to bolster the retailer's cybersecurity following a massive data breach in late 2013.. When Target named DeRodes as CIO in April it had been looking for someone to fill that role on an interim basis, Target...

  • HOUSTON, Feb 3- It may be months before a final verdict is issued on the size of the fine BP Plc will pay under the Clean Water Act for its 2010 Gulf of Mexico oil spill, lawyers said on Tuesday after the last phase of the trial ended. U.S. District Court Judge Carl Barbier in New Orleans, Louisiana, is scheduled to receive post-trial briefs from government prosecutors...

  • TABLE- Top-20 selling vehicles in U.S. in January Tuesday, 3 Feb 2015 | 1:06 PM ET

    Feb 3- The following are the 20 top-selling vehicles in the U.S. in January as reported by the automakers and ranked by total units.

  • MONTREAL, Feb 3- Russia said on Tuesday it wants a United Nations aviation agency plan on sharing information about conflict zone risks put to a wider International Civil Aviation Organization assembly vote in 2016, citing legal risks related to the proposal. The ICAO has proposed testing a central website where states and agencies could publish public...

  • Valeant in talks to buy Salix Pharma - Bloomberg Tuesday, 3 Feb 2015 | 1:01 PM ET

    Feb 3- Canadian drugmaker Valeant Pharmaceuticals International Inc is in talks to buy Salix Pharmaceuticals Ltd, Bloomberg reported, citing people with knowledge of the matter. British drugmaker Shire Plc is also interested in Salix, the report said, citing sources. U.S.-listed shares of Valeant were down about 3 percent at $157.43 on the New York Stock...

  • NEW YORK, Feb 3- Sales of distilled spirits in the United States by industry suppliers rose 4 percent in 2014 to $23.1 billion from the year earlier, driven by strong growth in brown liquors, according to an industry trade group. The Distilled Spirits Council, which represents companies like Diageo PLC, Pernod Ricard SA and Brown-Forman Corp, said overall U.S. sales...

  • AVIATION AGENCY PROPOSAL HAS LEGAL RISKS THAT REQUIRE FURTHER STUDY.

  • PLAN ON SHARING CONFLICT ZONE RISK INFORMATION SHOULD BE PUT TO ICAO ASSEMBLY VOTE IN 2016.