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  • FDA says panel to discuss "superbug" spread Thursday, 12 Mar 2015 | 10:07 AM ET

    March 12- The U.S. Food and Drug Administration said an advisory panel will discuss the transmission of "superbug" infections through certain procedures in U.S. hospitals. The regulator said the gastroenterology and urology devices panel would meet on May 14-15. The planned meeting comes after reports that manufacturers' tests of procedures to clean medical...

  • White took a balanced approach to the issue, saying the SEC will not be deterred from denying waivers to big banks if necessary. The discussion of SEC regulatory waivers was sparked last year by SEC Commissioner Kara Stein, who issued a scathing public dissent over a type of waiver granted to the Royal Bank of Scotland Group Plc after one of its units pleaded...

  • March 12- Hedge fund Engaged Capital started a proxy fight against digital television guide provider Rovi Corp on Thursday after months of stalled talks over company strategy, cost structure and other issues. Engaged said in a letter that it was nominating four candidates for Rovi's board. Rovi has hired investment bank Credit Suisse to help defend itself...

  • DETROIT, March 12- General Motors Co plans to cut its powertrain warranty on Chevrolet and GMC vehicles for the 2016 model year because the offer was not a strong enough selling point, Automotive News reported on Thursday. The GM brands will continue to offer courtesy transportation and roadside assistance during the coverage period, Automotive News said.

  • WASHINGTON, March 12- U.S. business inventories were unchanged in January and further declines in sales pushed the number of months it would take to clear shelves to the highest since July 2009, which suggests a stock drawdown in the months ahead. The Commerce Department said on Thursday business inventories were also unchanged in December after previously...

  • Federal Reserve raises interest rates the Bank of Canada would not necessarily be pressured to follow suit, one of the Canadian central bank's economists said on Thursday. Economist Rhys Mendes told the House of Commons finance committee that the Bank of Canada would view a Fed rate hike as a sign the U.S. economy is strengthening, which would be good for Canada.

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS UKRAINE HAS CUT NAFTOGAZ'S LOSSES TO 29.7 BLN HRYVNIA THIS YEAR.

  • *Says sales fell in 9 days after CBS show. March 12- Lumber Liquidators Holdings, facing U.S. government probes over claims of dangerous levels of a cancer-causing substance in its flooring products, defended the safety of its products and gave a blow-by-blow account of its testing process in efforts to assuage investors' concerns. "Lumber Liquidators...

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS UKRAINE TO LAUNCH BROAD PRIVATISATION PLAN BY YEAR-END.

  • *Wall St coming off extended decline. *Intel shares fall after lowered outlook. NEW YORK, March 12- U.S. stocks rose modestly on Thursday, partially rebounding after a recent bout of weakness, though a surprise drop in retail sales and a weak outlook from Intel limited the day's gains.

  • *Says it is not ECB's fault Greece has lost market access. FRANKFURT, March 12- ECB policymaker Jens Weidmann put the onus squarely on governments on Thursday to decide whether they wanted to cover Greece's funding needs, saying this was "less than ever" a task for the euro zone's central banks. Rejecting the Greek finance minister's characterisation of ECB policy...

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS $2.2 BLN FROM IMF WILL GO TO C.BANK, $2.8 BLN FOR GOVT NEEDS.

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS IMF PROGRAMME WILL ALLOW UKRAINE TO INCREASE RESERVES.

  • NEW YORK, March 12- Viacom Inc agreed to pay $7.21 million to settle a class-action lawsuit by thousands of former interns who said the owner of Comedy Central, MTV and Nickelodeon did not pay them, despite their having done work similar to paid employees. The Viacom accord covers interns who worked in New York from August 2007 to June 2013, and in California from...

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS KIEV EXPECTS FIRST TRANCHE OF IMF PROGRAMME THURSDAY, FRIDAY.

  • Securities and Exchange Commission Chair Mary Jo White on Thursday defended the process her agency follows when deciding whether to grant regulatory waivers to companies that break the law, saying it is not a "knee-jerk exercise." Thursday marked the first time White has publicly discussed her views on the waiver process, which came under scrutiny about a year...

  • March 12- Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million. Intel said it cut its forecast as small and medium business owners did...

  • March 12- U.S. stocks opened higher on Thursday, rebounding after two days of declines, though shares of Intel Corp weighed on Nasdaq after the company warned that first-quarter revenue would be weaker than expected.

  • NEW DELHI/ MUMBAI, March 12- Chinese smartphone maker Xiaomi Inc said on Thursday it would invest further and begin local production within 12 to 18 months in India, one of the world's fastest-growing markets and currently dominated by Samsung Electronics and local firms like Micromax. "We want to invest deeply in this market, we want to have a significant amount...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...