*Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.» Read More
General Motors, which owns the Chevrolet brand, unveiled the new 6.2- liter V-8 on Wednesday. The new version of the Corvette will be unveiled at January's North American International Auto Show in Detroit. The sleek sports car has been an icon of Detroit muscle since its debut in 1953..
NEW YORK-- Shares of Gilead Sciences Inc. rose Wednesday after the HIV drug maker reported strong third-quarter results and projected greater sales in 2012.. Stribild, which combines four medications into a single pill, was approved by the Food and Drug Administration in August.
Jet fuel is the bane of an airline's existence. It has become the single biggest expense at Delta Air Lines Inc. and other airlines, and its volatility has made airline planning difficult.
Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.
NEW YORK-- Ally Financial Inc.' s mortgage lending and servicing subsidiary has given preliminary approval to a $3 billion buyout offer from a unit of Ocwen Financial Corp..
Oct 24- Sandy formed into a category 1 hurricane on Wednesday, and was located about 65 miles south of Kingston, Jamaica, and about 235 miles south-southwest of Guantanamo, Cuba, the U.S. National Hurricane Center said in its latest bulletin. ``The center of Sandy is expected to move near or over eastern Jamaica this afternoon and this evening, move over eastern Cuba tonight and Thursday morning, and approach the central Bahamas on Thursday,'' the NHC said.
FRANKFURT, Oct 24- Adidas may be able to sell its Adizero Primeknit running shoe in Germany from next month after a court ruled a temporary injunction brought by rival Nike cannot be sustained. Nike filed for the injunction last month, halting the sale and production of the Adidas product, arguing the shoe was a copy of its Flyknit sneaker, launched in February.
The president of US Airways says Southwest Airlines Co. is changing how it thinks about prices. He says Southwest is targeting fare increases and sales, which can be "a little hard to understand" for most people but seems smart to airline insiders.
LISLE, Ill.-- SunCoke Energy posted a 74 percent jump in third-quarter net income thanks to more robust sales of coke at higher prices. The company easily topped Wall Street profit expectations for the quarter, but shares slid 2 percent with revenue for the quarter and a full-year outlook that fell short.
PARIS, Oct 24- Dominique Strauss-Kahn, the former IMF chief whose French presidential ambitions were shattered by a sex scandal last year, is making a comeback in business and at conferences. The 63- year-old Strauss-Kahn was accused of trying to rape a New York hotel maid in May 2011.
NEW YORK-- Shares of metal producer Allegheny Technologies Inc. fell Wednesday after it reported third-quarter net income tumbled 43 percent and warned its fourth-quarter earnings will fall below the most recent quarter's results.
GLENVIEW, Ill.-- In a story Oct. 23, The Associated Press described Anixter International Inc. as a security products distributor instead of as a company that distributes communication and security products, electrical wire and cable products and fasteners.
MINNEAPOLIS-- Legislation that allowed local governments to direct excess property tax dollars from tax-increment financing districts into other private developments was supposed to kick-start construction hiring in Minnesota, but an examination published Wednesday found evidence of job creation was spotty at best, even as many companies cashed in on the new law.
Oct 24- Boeing Co Chief Executive Jim McNerney said the company expects to deliver 28 787 Dreamliners in 2012, part of its strategy to ramp up production to improve earnings and cash flow.
*Treasury set to auction $35 billion of 5- year notes. Data showed growth in China's manufacturing sector shrank for a 12th successive month in October. ``Treasuries opened weaker on the back of decent selling in 10- to 30- year paper as Chinese Flash PMI came in stronger,'' said Tom di Galoma, managing director at Navigate Advisors LLC in Stamford, Connecticut.
*New home sales touch highest rate since April 2010. WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.
LONDON, Oct 24- Copper was steady on Wednesday on signs of recovery in top consumer China, although gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange was $7,825 at 1434 GMT from $7,831 a tonne at the close on Tuesday.
NEW YORK-- Drug giant Pfizer Inc. said Wednesday that it's received conditional approval to market its lung cancer pill Xalkori for certain patients in the European Union.
*Warsaw wants to be at EU's decision-making core. WARSAW, Oct 24- Polish policymakers are shedding their doubts about joining the euro and starting to favour accession again because they believe the risks of being left outside the core of Europe outweigh the danger of joining a single currency still in the grip of crisis.