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  • March 22- Macy's Inc appointed William Lenehan, an expert in real estate investments, to its board amid investor pressure to monetize its real estate assets. Shareholder Starboard Value LP has been pressuring Macy's since July to spin off its real estate assets, which the hedge fund estimates are valued at about $21 billion. It has also entered into partnerships...

  • March 22- Asset manager Fiera Capital Corp and Aquila Infrastructure Management Inc have formed a joint venture with an initial capital of about C $500 million to invest in infrastructure projects. The alternative investment joint venture, Fiera Infrastructure Inc, will increase Fiera Capital's infrastructure asset portfolio to C $1.2 billion, the...

  • *Says growth in Australia coal supply has tapered. MELBOURNE, March 22- New Hope Corp, Australia's top independent coal producer, sees signs the Asian thermal coal market has bottomed out, with prices expected to creep up over the medium term. New Hope said growing ship queues at the port of Newcastle were a positive signal, showing demand remained firm for...

  • SAN FRANCISCO, March 21- More than a year after Uber announced a research pact with Carnegie Mellon University- and then hired away four of the institution's faculty and 36 researchers and technicians- the ride-hailing company and university have not collaborated on a single project, according to CMU faculty and administrators. Herman Herman, director of...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks. The networks will remain available to Dish customers during the arbitration as well as a 10- day "cooling off period" during which the parties can...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks.

  • WASHINGTON, March 17- U.S. Senate Armed Services Committee Chairman John McCain on Thursday urged Defense Secretary Ash Carter to investigate what he called troubling remarks by a former senior United Launch Alliance executive about his company's dealings with the Pentagon. "This committee treats with the utmost seriousness any implication that the...

  • CAPE CANAVERAL, Fla., March 16- United Launch Alliance last year refused to bid on a launch service contract for the U.S. military's next-generation GPS satellite because it was hoping to avoid a "cost shootout" with Elon Musk's SpaceX, according to a ULA vice president. The statements by ULA vice president of engineering Brett Tobey were made on Tuesday at the...

  • *India expects to develop own GM cotton variety next year. NEW DELHI, March 16- U.S. seed company Monsanto is welcome to leave India if it does not want to lower prices of genetically modified cotton seeds as directed by the government, a minister said on Wednesday, in a sign the rift between New Delhi and the firm is widening. New technologies are critical to lifting...

  • NEW YORK, March 16- Shell and Saudi Aramco on Wednesday announced plans to break up Motiva Enterprises LLC and divide up the assets, almost two decades after the U.S. oil refining and marketing joint venture was formed. *230,000 barrel-per-day Convent refinery located in St. James Parish, Louisiana;. *600,000 bpd Port Arthur refinery located in Port Arthur, Texas, the...

  • Michael Jackson at a press conference in New York in 1992.

    Sony Corp said it signed an agreement with Michael Jackson's estate to buy for $750 million the deceased pop star's stake in Sony/ATV Music Publishing.

  • March 14- Sony Corp said it signed an agreement with Michael Jackson's estate to buy for $750 million the deceased pop star's stake in Sony/ATV Music Publishing, the world's largest music publisher which controls songs such as The Beatles' "All You Need Is Love." "This acquisition will enable Sony to more quickly adapt to changes in the music publishing business,"...

  • Some of the world's poorest countries and medical charities such as Medecins Sans Frontieres depend on India's robust pharmaceutical industry to make cheaper forms of drugs and vaccines developed by big Western pharmaceutical companies such as Pfizer. If India granted Pfizer a patent on its Prevnar 13 pneumonia vaccine, Indian firms would not be able to...

  • *Top consumer China thwarted previous iron ore tie-ups. *China may want stronger Fortescue- legal expert. In 2008, when top global miner BHP Billiton tried to take over iron ore rival Rio Tinto, China raced to snap up a $14 billion stake in Rio, to block the deal and thwart any tightening of iron ore supplies.

  • WELLINGTON, March 11- United Airlines and Air New Zealand have struck a revenue-sharing agreement, the companies said on Friday, as airlines boost flights to New Zealand's fast-growing tourism market. The number of U.S. tourists rose 13.6 percent in January from a year earlier and the United States was New Zealand's third largest source of tourists, according...

  • NEW YORK, March 10- Pratt& Whitney said on Thursday its new geared turbofan jetliner engine logged high reliability at its initial customer, Deutsche Lufthansa AG, a day after Qatar Airways raised concern about the engine's performance in hot climates. Launch customer Qatar Airways said on Wednesday the engines were not adequately tested and that it was...

  • That process began last year when President Vladimir Putin, angered at downgrades of Russia's sovereign rating by Moody's and Standard and Poor's, accused the big Western agencies of "politicised" actions, suggesting they were taking the West's side in the stand-off over the Ukraine conflict. In a sign that other agencies could follow suit, Fitch said the new...

  • SYDNEY, March 8- Senior executives at two of the world's biggest iron ore miners, Brazil's Vale and Australia's Fortescue Metals Group, first raised the idea of an alliance a year ago after a relentless slide in ore prices. Under the pact unveiled on Tuesday, the pair plan to blend up to 100 million tonnes of their ores in China, producing the benchmark product...

  • WASHINGTON, March 7- United Launch Alliance must decide by the end of 2016 whether to power its new Vulcan rocket with the BE-4 engine being developed by Blue Origin or the AR1 engine from Aerojet Rocketdyne Holdings Inc, the head of the company's board said Monday. The company is racing to develop the new rocket to help the U.S. Air Force end its U.S. reliance on the...

  • March 2- General Electric Co said it would sell its India commercial lending and leasing businesses to a consortium of former GE Capital executives and Aion Capital Partners as it looks to trim itself and focus on its industrial businesses. Aion has partnered with former GE Capital executives Pramod Bhasin and Anil Chawla for the acquisition.