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  • LONDON, March 3- Copper slid on Tuesday from a seven-week peak hit the previous session and nickel sank to a near 14- month low as optimism over a weekend interest rate cut in top consumer China dissipated and as inventories continue to rise. The news overshadowed the weekend move by China's central bank to cut interest rates. This week could see China's growth...

  • GENEVA, March 3- Fiat Chrysler Automobiles could sell more than 10 percent of its Ferrari subsidiary in a planned initial public offering, with a view to boosting liquidity in the shares, Chief Executive Sergio Marchionne said on Tuesday. The other 10 percent of Ferrari is owned by Piero Ferrari, vice chairman and son of the founder Enzo, who died in 1988..

  • EU officials announce bust of major tax fraud ring Tuesday, 3 Mar 2015 | 12:33 PM ET

    THE HAGUE, Netherlands— European Union officials say they have broken up a cross-border gang responsible for cheating EU member countries of 150 million euros in tax revenue. Those arrested are suspected of participating in organized fraud that deprived Germany, the Netherlands, Poland and the Czech Republic of major sums of value-added tax payments.

  • PSA claims victory in Citroen brand revamp Tuesday, 3 Mar 2015 | 12:28 PM ET

    GENEVA, March 3- French carmaker PSA Peugeot Citroen may expand sales of its C4 Cactus compact SUV to China, a senior executive said on Tuesday, in a sign that a repositioning of the Citroen brand is bearing fruit. Under the Peugeot group's Chief Executive Carlos Tavares, Citroen is attempting to forge a funky but frugal image while sister brand Peugeot challenges...

  • Eleven analysts surveyed by Thomson Reuters had expected a year-to-year gain of 7.1 percent. The 48 economists polled by Thomson Reuters, on average, predicted annualized sales in February of 16.7 million vehicles. "There was definitely a slowdown" in sales after February 20, "said Mark LaNeve, Ford Motor Co's U.S. sales vice president.

  • Andrew Lack in talks to return to NBC Tuesday, 3 Mar 2015 | 12:21 PM ET

    An executive at NBC Universal who spoke on condition of anonymity because it was a personnel matter said that if an agreement was reached, Lack, a veteran executive who ran NBC's news division from 1993 to 2001, would return in a lead role at the NBC News Group, which includes NBC News, MSNBC and CNBC. After more than 15 years at CBS News as a top producer, he replaced...

  • WASHINGTON, March 3- JPMorgan Chase will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday. Between 2011 and 2013, JPMorgan Chase filed more than 50,000 mortgage payment change notices in bankruptcy courts...

  • Caesars' operating unit files bankruptcy exit plan Tuesday, 3 Mar 2015 | 12:20 PM ET

    March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year or more. The plan was filed on Monday when the parent company Caesars...

  • GENEVA, Switzerland— These cars may come with outrageous price tags, but it doesn't cost to goggle. Here's a look at some of the models showcased at the car show in Geneva, where automakers focused on powerful sports cars and luxury sedans. Photographers Laurent Cipriani, Martial Trezzini and Sandro Campardo contributed.

  • US adds 2 models to probe of Ford door latches Tuesday, 3 Mar 2015 | 12:13 PM ET

    DETROIT— U.S. safety regulators are adding two models to an investigation of Ford Motor Co. door latches that may not close properly. The National Highway Traffic Safety Administration said Tuesday it's including the 2013 Ford Fusion and Lincoln MKZ midsize cars to the probe of latches on 2011-2013 Ford Fiesta compact cars. The investigation now covers...

  • That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • FDA warning: men's testosterone drugs overused Tuesday, 3 Mar 2015 | 12:10 PM ET

    Additionally, the FDA cautioned that the drugs may increase the risk of heart attack, stroke and other cardiovascular problems. Drugmakers must add information about that potential risk to their prescribing labels and conduct a long-term study to further examine the issue, the FDA said. The FDA action follows years of industry marketing for new gels, patches...

  • NEW YORK— Pfizer's blockbuster vaccine against pneumonia and other bacterial infections has won another approval, for use in European Union residents aged 18 and older. New York- based Pfizer says more than 750 million doses have been distributed worldwide. Last year, Prevnar's global sales reached $4.5 billion, making it the No. 2 product for the company, which...

  • SAN FRANCISCO, March 3- Venture capitalist John Doerr, credited with backing Amazon.com Inc, Google Inc and many other technology companies, is set to testify on Tuesday in a gender discrimination trial involving his firm, Kleiner Perkins Caufield& Byers. Doerr, viewed as the firm's leader, is likely to discuss his treatment of former partner Ellen Pao, his chief of...

  • Treasuries fell to its lowest since January this week on easing fears about the global economy and Greece leaving the euro zone, according to a J.P. Morgan Securities survey released on Tuesday. In February, encouraging data on the domestic economy and a deal that granted Greece a four-month extension on its international bailout caused some investors to...

  • Traffic rises but key revenue figure falls at Delta Tuesday, 3 Mar 2015 | 11:55 AM ET

    ATLANTA— Delta Air Lines Inc. said Tuesday that a key revenue measure fell 1.5 percent in February mostly because the strong dollar reduced the value of international ticket sales. Atlanta- based Delta said that domestic operations and corporate accounts continued to generate strong revenue. Shares of Delta rose 32 cents to $45.71 in late-morning trading.

  • AFRICAN DEVELOPMENT BANK TO BRING $900 MILLION IN FINANCING TO SIMANDOU IRON ORE PROJECT- FINANCE MINISTER.

  • LOSSES TO GUINEA'S ECONOMY FROM EBOLA OUTBREAK LIKELY TO PASS $2 BLN- FINANCE MINISTER.

  • AFDB SUPPORT TO SIMANDOU WILL INCLUDE DIRECT LOAN, SUPPORT TO SECURE LOANS FROM OTHER SOURCES- FINANCE MINISTER.

  • CONAKRY, March 3- Guinea's economy is likely to take a $2 billion hit from a regional Ebola outbreak that has killed nearly 10,000 people, and the country is relying on mining to drive growth once the virus is contained, the finance minister said. Guinea is the world's top exporter of the aluminium ore bauxite and produces diamonds and gold but its economy,...