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  • Feb 10- U.S. airlines have lost at least five percentage points of their share of flight bookings from the United States to the Indian subcontinent and Southeast Asia since 2008, due to fierce competition from Gulf carriers, according to data seen by Reuters. The report says the combined share of bookings between the United States and the Indian subcontinent...

  • Feb 10- Puerto Rico announced on Tuesday night a long awaited overhaul of its tax system as it struggles to revive a moribund economy and stabilize the finances of the indebted U.S. commonwealth. Governor Alejandro Garcia Padilla promised "a new tax system" in Puerto Rico, a Caribbean island of 3.6 million that is struggling with debt of over $70 billion.

  • Feb 10- Puerto Rico's lawmakers have scrapped a statutory cap on the interest the island would pay on a roughly $2 billion bond deal in a bid to make it more appealing to hedge fund investors. Puerto Rico's House approved the measure on Tuesday after the Senate backed it late the previous day. The move comes after a federal judge voided a local law that was key to...

  • GLOBAL MARKETS-Asia subdued by Greek uncertainty Tuesday, 10 Feb 2015 | 7:02 PM ET

    *Asia stocks little changed, Japan markets on holiday. SYDNEY, Feb 11- Asian markets got off to a cautious start on Wednesday as looming euro zone meetings over Greece overshadowed a firmer finish on Wall Street. Activity was also thinned by a holiday in Tokyo, leaving MSCI's broadest index of Asia-Pacific shares outside Japan off a slight 0.2 percent.

  • DIARY- Top Economic Events to Feb 24 Tuesday, 10 Feb 2015 | 7:01 PM ET

    LONDON- Bank of Japan policy board member Takehiro Sato speaks at the Japan Securities Summit 2015 on the outlook for the Japanese economy- 1410 GMT. NEW YORK- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Monetary Policy and a Reflection on 10 Years at the Fed" before the Economic Club of New York- 1300 GMT. PARIS- European Central Bank board...

  • *Intense contacts between Brussels and Athens. In a rousing speech to parliament, Tsipras hailed the decisive role "little Greece" was playing in reshaping Europe and promised Athens would not cave in to demands it extend its international bailout "no matter how much" German Finance Minister Wolfang Schaeuble asked for it. That came after Schaeuble said that if...

  • BUENOS AIRES, Feb 10- Argentina has failed to pay interest to holders of defaulted debt who agreed last year to receive payment locally instead of abroad in order to sidestep U.S. court rulings, an investor association said. The South American country tipped back into default in July after refusing to settle with a small group of U.S. hedge funds that were awarded...

  • Sprint's stance starkly contrasts with that of other U.S. wireless and cable companies such as Comcast Corp, Time Warner Cable Inc, Verizon Communications Inc and AT&T Inc.. In a call with investors last week, Verizon's Chief Executive Officer Lowell McAdam said that the stronger regulatory regime is "completely the wrong way to go" and would stifle job creation...

  • Feb 10- Kinross Gold Corp will not go ahead with a $1.6 billion expansion of its Tasiast mine in Africa's northwest because of the weak gold price, the Toronto- based miner said on Tuesday, as it also reported an unexpected fourth-quarter loss. Bullion, which was last at $1,233 an ounce, is down 36 percent from its peak of $1,920 an ounce in September 2011.

  • Union and Shell talk at length over U.S. refinery pact Tuesday, 10 Feb 2015 | 6:42 PM ET

    HOUSTON, Feb 10- Royal Dutch Shell Plc and the United Steelworkers union negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.. Over the weekend, walkouts widened to include BP Plc's Whiting, Indiana, refinery and its joint-venture refinery with Husky Energy in...

  • Puerto Rico focuses on consumption in tax overhaul Tuesday, 10 Feb 2015 | 6:26 PM ET

    Feb 10- Puerto Rico announced on Tuesday night a long awaited overhaul of its tax system as it struggles to revive its moribund economy and stabilize the finances of the indebted island. Governor Alejandro Garcia Padilla promised "a new tax system" in Puerto Rico, a Caribbean island of 3.6 million that is struggling with debt of over $70 billion.

  • In all three states, Alaska, West Virginia and Michigan, problematic funding gaps widened, the report said. In 2006, Alaska switched newly hired state workers from its two biggest traditional defined benefit plans to a defined contribution plan. In 2014, Alaska made a $3 billion cash infusion into the defined benefit plans to shore them up.

  • Saba Software to be taken private by Vector Capital Tuesday, 10 Feb 2015 | 6:23 PM ET

    Feb 10- Enterprise software provider Saba Software Inc, whose chief executive and other executives recently settled charges of accounting fraud, said private equity firm Vector Capital would take it private for about $268 million in cash. The Securities and Exchange Commission said earlier on Tuesday that two former Saba chief financial officers agreed to...

  • Feb 10- Western Union Co said it would cut prices for money transfers within the United States to help fend off fierce competition and would buy back up to $1.2 billion of shares. Western Union is cutting prices in parts of the United States where it is experiencing the maximum competitive pressures, company executives said on a conference call.

  • NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...

  • MEXICO CITY, Feb 10- A deal reached with the United States in December to limit Mexican sugar exports is not ideal, but preferable to entering into a bitter trade dispute, Mexican economy minister Ildefonso Guajardo said on Tuesday. "It is obviously not an ideal, which would have allowed us to export as much as we wanted, but it was what was possible," said Guajardo, whose...

  • UPDATE 1-Genworth Financial loss exceeds estimates Tuesday, 10 Feb 2015 | 5:58 PM ET

    Feb 9- Genworth Financial Inc reported a quarterly loss much bigger than market estimates as it took an after-tax charge of $478 million related to long-term care active life blocks it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • SYDNEY, Feb 11- The dollar hovered at one-month highs versus the yen early on Wednesday, bolstered by gains in Treasury yields, while uncertainty over a new debt deal for Greece kept a cloud over the euro. Richmond Fed President Jeffrey Lacker, an inflation hawk, said a June hike was an "attractive option" and San Francisco Fed President John Williams said economic...

  • Delta Air Lines says its Facebook page was hacked Tuesday, 10 Feb 2015 | 5:27 PM ET

    Feb 10- Delta Air Lines Inc said its Facebook page was hacked and posted with "objectionable and offensive content" that the company removed within an hour. None of Delta's other social media platforms was compromised, the company said. The airline said it was investigating the source of the hack, which media reports said involved a link to a sexually explicit joke.

  • NEW YORK, Feb 10- Crude oil prices fell for the first time in four sessions on Tuesday after the International Energy Agency warned that ample supplies will raise global inventories before investment cuts begin to significantly dent production. Brent March crude fell $1.91, or 3.3 percent, to settle at $56.43 a barrel, having fallen as low as $56.11.