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  • *Daimler takes charge of 340 million euros. FRANKFURT/ WASHINGTON, Feb 10- The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. The vehicles to be recalled have Takata-made air bag...

  • Feb 10- Wall Street was on track to snap a three-day losing run on Wednesday after comments by Federal Reserve Chair Janet Yellen eased investor concerns about the capacity of the economy to absorb a gradual rise in interest rates. Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks to the U.S. economy, but told...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • WASHINGTON— Fed Chair Janet Yellen testifies to Senate committee on monetary policy, 10 a.m. Eastern. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..

  • Feb 10- Government tests show some types of laminate flooring sold by Lumber Liquidators Holdings LLC can cause irritation and breathing problems but the risk of cancer from exposure is low, a federal agency said on Wednesday. Lumber Liquidators' sales and shares were hammered after the CBS program "60 Minutes" reported in March last year that the laminates from...

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10- Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. OPEC data pointed to a larger oil supply surplus on the world market this year than previously thought, as...

  • The figure was revealed by HBO CEO Richard Plepler in a conference call following the release of parent Time Warner Inc.' s quarterly earnings results. Stifel analyst Benjamin Mogil said 3.2 percent gain in HBO subscriber revenue came below the 4.7 percent Wall Street expected. Revenue at Time Warner also fell 6 percent to $7.08 billion, below the $7.55 billion...

  • NEW YORK— Professional racecar driver Scott Tucker has been charged in a payday lending operation offering quick cash over the Internet to desperate people. Authorities said Tucker was arrested Wednesday in Kansas City, Kansas, on charges in an indictment unsealed in federal court in New York City. In 2012, the Federal Trade Commission sued Tucker in Nevada...

  • WINNIPEG, Manitoba, Feb 10- Canada's second-biggest dairy, Agropur Cooperative, said it is looking to grow in the United States, possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals. Dairies from Europe, New Zealand, the United States and other countries will gain access to 5.5 percent...

  • USDA also said on Tuesday global wheat supplies would reach record levels this year due to falling consumption in China and India. "Wheat, corn and soybeans are still burdened by the forecasts of large global supplies made by the USDA monthly report on Tuesday," said Frank Rijkers, agrifood economist at ABN AMRO Bank. "But markets have been moving in and out of...

  • "This is probably the most obvious product launch ever," said Alex Macedo, president of Burger King North America. The move comes as Burger King works to push up sales amid intensifying competition, with McDonald's offering breakfast items all day to spark a turnaround, while Wendy's offers a "4 for $4" deal to get customers in the door. Parent company Restaurant...

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10 (Reuters)- U.S. oil prices fell on Wednesday, reversing an early rally, and Brent also pared gains as worries about the global supply glut offset encouraging U.S. government data showing a surprise drop in domestic crude stockpiles. "We believe there's been short covering on the headline and we feel we...

  • *Asahi eyes overseas expansion beer sales fall in Japan. TOKYO/ LONDON, Feb 10- Asahi Group Holdings Ltd is in exclusive talks to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company aims to offset slow growth at home. With Peroni, Grolsch and Meantime, Asahi would get sizeable footholds in the...

  • ZURICH, Feb 10- Credit Suisse Chief Executive Tidjane Thiam said that the turmoil in global markets this year is helping him to speed implementation of his new strategy for the Swiss bank. "I'm using the current challenging environment to accelerate the transformation that I'm driving," Thiam told a conference in Miami, which was streamed via Credit Suisse's...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

  • Feb 10- U.S. stocks gained on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow for "gradual" rate hikes, and as technology stocks rebounded. Fears of a China- led global economic slowdown, along with oil's steep slide since the Fed raised rates in December have dampened the market's expectations for a hike in...

  • WASHINGTON— Recovering from a medical procedure is always a challenge, but getting hit with unexpected insurance fees can add financial hardship to the process. As health insurance plans become increasingly complicated, more patients are facing unexpected fees when they step outside their plan's coverage network. Nearly a third of insured Americans who...

  • NEW YORK— The National Retail Federation is forecasting retail spending growth of 3.1 percent in 2016, a slowdown from the group's annual estimate a year ago. With wage stagnation and unemployment easing, NRF CEO Matthew Shay said "there are a lot of positives in the economy." And NRF Chief Economist Jack Kleinhenz also noted that people are spending more on...

  • NEW YORK, Feb 10- U.S. crude stockpiles fell unexpectedly last week as imports slumped, while gasoline inventories hit a record high for a second week, data from the Energy Information Administration showed on Wednesday. U.S. crude futures initially rose on the news, topping $29 a barrel, but quickly retreated, and was at $27.85, down 9 cents on the day by 11:03 a.m....

  • NEW YORK, Feb 10- The U.S. Supreme Court's decision to block federal regulations to curb carbon dioxide emissions failed to give a sustained boost to shares of the long-battered coal sector on Wednesday. After initially trading higher, Consol Energy Inc stock slipped 2.3 percent, and Peabody Energy Corp fell 0.9 percent. The states, led by coal producer West...