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  • US TREASURIES EXTEND PRICE LOSSES, 10- YEAR YIELDS INCREASE TO 1.80 PCT.

  • A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers, the largest U.S. luxury homebuilder, reported an 8.8 percent rise in quarterly revenue as it sold homes at higher prices.

  • SAO PAULO, Feb 23- Shareholders of clearinghouse Cetip SA Mercados Organizados are expected to accept the sweetened offer from Brazil's biggest exchange operator, BM&FBovespa SA, newspaper Valor Economico reported on Tuesday. The newspaper said foreign shareholders in Cetip, which it had spoken with but did not name, were likely to accept the new offer...

  • The London- based intergovernmental organization raised its global deficit forecast for 2015/ 16 to 5.0 million tonnes, on expectations of lower output in India, Thailand, Brazil and the European Union. Sergey Gudoshnikov, a senior economist at the ISO, said it had scaled back its estimates for output in number 2 producer India by 500,000 tonnes and in Thailand,...

  • LONDON, Feb 23- U.S. gasoline consumption increased by more than 2.6 percent last year thanks to a combination of lower oil prices and economic growth. In volume terms, consumption rose by around 240,000 barrels per day, one of the largest increases in the last 40 years, according to data from the U.S. Energy Information Administration. The volume of traffic on U.S....

  • Feb 23- The U.S. Food and Drug Administration said PTC Therapeutics Inc's marketing application for its muscle disorder drug was not sufficient to merit review. The condition has no approved treatment in the United States. The treatment is already being sold in the European Union.

  • Activist investor Starboard Value LP has been pressing the retailer, which operates the Bloomingdale's and Macy's store chains, since last July to spin off its highly prized real estate assets, which it values at $21 billion. Macy's said sales trend improved in January as the weather turned colder in northern climate zones and Macy's and Bloomingdale's were...

  • Feb 23- Macy's Inc reported a 4.3 percent decline in quarterly comparable sales, slightly better than the 4.7 percent decline the department store operator had estimated, helped by improving sales due to colder weather in January. The company also said it started contacting potentially interested parties for partnerships or joint ventures for its flagship...

  • Time Inc has heard a presentation from Citigroup Inc bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time. Time Inc could pursue a Reverse Morris Trust transaction, a tax-free deal in which one company merges with a spun-off unit, Bloomberg reported. Yahoo Chief Executive Marissa Mayer would not be...

  • PARIS/ SINGAPORE, Feb 23- An export-fuelled rally in corn and soybean stalled on Tuesday as large global inventories pushed U.S. corn and soybean futures lower. Wheat steadied after touching a one-week low, with the prospect of an tender Chicago Board Of Trade's most-active soybean contract fell 0.4 percent to $8.77-3/ 4 a bushel by 1240 GMT, easing off Monday's...

  • British designer Stella McCartney threw a party showcasing her latest collection at famed music store Amoeba, Saint Laurent Paris took over The Palladium music venue for its menswear show, Gucci announced a celebrity ambassador and Kenzo debuted a new short film. But Los Angeles traditionally is not regarded as a trend-setting city as the year-round sunny...

  • *Expects $1.2 bln impairments in Q4, hit by low coal price. SINGAPORE, Feb 23- Commodity trader Noble Group warned of its first full-year loss in nearly 20 years on Tuesday, blaming a $1.2 billion writedown on low coal prices and prompting a credit rating downgrade by Moody's. Singapore- listed Noble, which has sought to reassure investors after an accounting...

  • Feb 23- MKS Instruments Inc, which makes instruments used in semiconductor manufacturing processes, said it agreed to buy Newport Corp, a manufacturer of laser-based products, for $980 million in an all-cash deal. MKS' offer of $23 per share represents a premium of about 53 percent to Newport's Monday's close. Newport's shares were trading at $22.60 before the...

  • The company said in October that it had hired Goldman Sachs Inc to advise on its options, including a sale. The restructuring is expected to generate about $67 million in savings in 2016 and annualized savings of about $100 million beginning in 2017, Lexington, Kentucky- based Lexmark said. The company also reported a 5 percent drop in revenue to $968.8 million...

  • Feb 23- Magazine publisher Time Inc is considering a deal to merge with struggling Internet company Yahoo, Bloomberg reported, citing people familiar with the matter. Time Inc, the publisher of Sports Illustrated, People and namesake Time has heard a presentation from Citigroup Inc bankers on pursuing a deal with Yahoo, the Bloomberg report said.

  • LONDON, Feb 23- Azeri state oil firm Socar's trading division is looking to reactivate deals with Iran, as well as expanding into new markets ranging from North American crude to natural gas in Europe, its chief executive told Reuters. Neighbors Azerbaijan and Iran have been strengthening ties since the removal of sanctions against Tehran in January and on...

  • *Posts annual pretax loss of $1.5 billion. *Underlying profit $800 million vs f'cast $899 million. Underlying profit plunged 84 percent to $800 million, missing analysts' average estimate of $899 million, according to Thomson Reuters data.

  • May white sugar futures surged over 5 percent to a session peak of $392.20 per tonne, before easing back to trade at $388.30, up $15.10 or 4.05 percent, at 1157 GMT. May raw sugar was up 0.49 cent, or 3.8 percent, at 13.25 cents per lb, having touched 12.61 cents on Friday, its lowest since late September. Traders are waiting for news on applications for a second tranche of...

  • Feb 23- MKS Instruments Inc said it agreed to buy Newport Corp for $980 million in an all-cash deal.

  • *2015 sales 22.41 bln euros, up 4.4 pct like for like. PARIS, Feb 23- Cost cuts, rising baby food sales in Asia and an improvement at its dairy business in Europe will help Danone to deliver higher sales and profits this year despite volatile emerging markets, the French food group said on Tuesday. They grew 4.4 percent to 22.41 billion euros in 2015..