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  • FRANKFURT, Feb 18- Deutsche Boerse saw net profit jump to 224 million euros in the last quarter of 2014, beating expectations, as trading volumes soared on uncertainties over the Ukrainian conflict and financial stability in Greece. Analysts had expected on average Deutsche Boerse to post 157 million euros in net profit for the quarter. Deutsche Boerse is...

  • Feb 18- Students in about 30 schools were told to shelter in place after a possible incident at Exxon Mobil Corp's Torrance, California, refinery on Wednesday, a report on the CBC Los Angeles news website said. A separate report with ktla.com said residents reported hearing an explosion from the direction of the refinery and that the refinery was working to...

  • Putin calls West's bluff over Ukraine peace deal Wednesday, 18 Feb 2015 | 12:52 PM ET

    MOSCOW, Feb 18- Vladimir Putin has called Europe's bluff over east Ukraine as Russia- backed separatists seize a strategic town in defiance of a ceasefire brokered by France and Germany. But declaring the agreement dead would be likely to force Europe to impose new economic sanctions on Russia and increase pressure on U.S. "There is the notion that the West goes to...

  • *Reports adjusted profit $0.86/ share vs estimate of $0.88. Feb 18- Duke Energy Corp said it could reach a settlement with the U.S. government in the "next several days" over a federal grand jury probe into a coal ash spill in North Carolina's Dan River last February. A pipe break at a retired Duke coal plant triggered the third-worst coal ash spill in U.S. history,...

  • UBS to combine EU businesses in one unit - Handelsblatt Wednesday, 18 Feb 2015 | 12:47 PM ET

    FRANKFURT, Feb 18- UBS, Switzerland's biggest bank, plans to combine its EU businesses in one unit, Germany's Handelsblatt newspaper reported without citing sources, adding the operation would probably be run out of Frankfurt. Handelsblatt said UBS was planning to create a "Europa-Bank" with a focus on wealth management, adding that Luxembourg was also still in...

  • NEW YORK, Feb 18- Tank cars from a derailed oil train were still on fire in West Virginia on Wednesday, two days after an explosive accident in which 25 cars went off the rails, a CSX Corp spokeswoman said. Twenty cars caught fire after Monday's derailment in the small town of Mount Carbon 33 miles southeast of Charleston. "We still have some fires on and near tank cars,"...

  • MOSCOW, Feb 18- Indebted Russian coal and steel producer Mechel has sold its U.S.-based Bluestone coal business back to its original owner, the James Justice family, in an attempt to free up cash to service its debt, Mechel said on Wednesday. Six years ago, Mechel bought the business from the Justice family from West Virginia for $436 million in cash plus preferred...

  • COPENHAGEN, Feb 18- Denmark's fixed exchange rate against the euro will remain the cornerstone of its economic policy, despite the burden of negative interest rates it is carrying to keep the peg in place, the country's finance minister said. Asked whether Denmark had a' Plan B' in case of a speculative attack, he said: "No. Denmark has slashed interest rates four times...

  • ON GREECE, DANISH FINMIN SAYS WANTS EURO ZONE TO AVOID DOWNSIDE RISKS, BUT RULES AND AGREEMENTS SHOULD BE FOLLOWED.

  • DANISH FINMIN SAYS COMFORTABLE WITH GOVERNMENT BOND LIQUIDITY DESPITE SUSPENSION OF ISSUANCE.

  • DANISH FINANCE MINISTER SAYS NEGATIVE INTEREST RATES OUT OF KILTER WITH ECONOMY'S NORMAL CREDIT SYSTEM.

  • DANISH FINANCE MINISTER SAYS CURRENCY PEG AGAINST EURO STILL' QUITE SUFFICIENT' AS PLAN A FOR THE ECONOMY; SAYS THERE IS NO PLAN B.

  • NEW YORK, Feb 18- Actavis Plc, a generic drugmaker that has been steadily acquiring branded medicines, said it will change its name to Allergan Inc after it completes its planned $66 billion purchase of the Botox maker, signaling its growing focus on patent-protected drugs. Actavis, which began as a New Jersey- based generics company called Watson, took its current...

  • U.S. refinery strike enters 18th day as talks restart Wednesday, 18 Feb 2015 | 12:15 PM ET

    HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Tuesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety on Wednesday, after a week's hiatus. No new strike notices have been issued by the USW since Feb. 6 when workers at plants in Whiting, Indiana, and Toledo, Ohio,...

  • WASHINGTON, Feb 18- Ukraine is likely to push back debt repayments for four years under an international bailout package to give the government more time to get its war-torn economy back on track, a global financial industry group said on Wednesday. The former Soviet republic, which is on the brink of bankruptcy after a year of political upheaval and bitter...

  • NEW DELHI, Feb 18- The United States could intensify sanctions against Russia if the Kremlin continues to destabilize eastern Ukraine, a senior U.S. government official said. Washington and the European Union imposed sanctions after Russia annexed Crimea last March and supported pro- Moscow separatists in eastern Ukraine. The Leaders of Ukraine, Russia,...

  • Tesco hires turnaround man to steer recovery Wednesday, 18 Feb 2015 | 12:01 PM ET

    LONDON, Feb 18- John Allan's credentials as a turnaround specialist have given the 66- year-old the chance to make his mark on Britain's cut-throat grocery industry as chairman of troubled Tesco, some 35 years after he left the supermarket sector. Described by analysts as "a shrewd operator" and "a safe pair of hands," Allan joins Britain's biggest retailer armed...

  • Lockheed says technology investments cut cost of F-35 jets Wednesday, 18 Feb 2015 | 12:00 PM ET

    WASHINGTON, Feb 18- Lockheed Martin Corp said a series of manufacturing changes and technology investments were already driving down the cost of the F-35 fighter jet, and the savings were set to triple in the ninth batch of jets to be produced. Under the initiative, Lockheed and its key suppliers, Northrop Grumman Corp and Britain's BAE Systems agreed to invest...

  • LONDON, Feb 18- Sterling hit a seven-year high against the euro on Wednesday after data showed British wages growing strongly, outstripping inflation by the widest margin since before the financial crisis. The Office for National Statistics also said Britain's unemployment rate fell to 5.7 percent, its lowest level in more than six years.

  • *Clock ticks on Athens as ECB governors meet in Frankfurt. FRANKFURT, Feb 18- European Central Bank policymakers debated on Wednesday whether to allow more emergency funding for Greek banks with opinions divided as Athens came under pressure to accept an extended aid-for-reform program. "The question is how things will continue with Greece," said one European...