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  • CARACAS/ HOUSTON, March 13- A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA. New posters inside its Caracas headquarters request employees don normal office wear, visitors say, a telltale sign of what could be the most sweeping changes in over a...

  • *Offer values TSB at 340 pence per share. LONDON, March 12- British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion and sending its shares soaring by nearly a quarter. Sabadell, Spain's fifth-biggest bank, has made a proposal of 340 pence in cash for each TSB share, subject to reaching agreement on...

  • MIAMI, March 11- The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson's Virgin Group in federal court in Miami for $300 million on Wednesday over plans by the British billionaire to launch his own luxury cruise line. Virgin Group announced the Bain Capital- backed cruise line project last December. As CEO of the new Virgin...

  • China stocks rise, banks lead; HK shares mixed Wednesday, 11 Mar 2015 | 12:51 AM ET

    *China stocks up on signs of fresh money inflows. SHANGHAI, March 11- China's stock market edged up on Wednesday morning, led by financial shares on signs that fresh money is flowing into blue chips after their recent correction. In addition, the head of China's Ministry of Human Resources and Social Security told a press conference in Beijing on Tuesday that...

  • WASHINGTON, Feb 25- The U.S. Air Force on Wednesday said it will release plans within months for replacing the Russian-built RD-180 motors that now power some rockets used to launch military satellites into space, but said it would likely miss a 2019 congressional deadline to start using a new U.S. engine. Congress last year passed a law that requires the Air Force...

  • ADM cuts biodiesel output as industry hit by weak margins Wednesday, 25 Feb 2015 | 1:23 PM ET

    WINNIPEG/ NEW YORK, Feb 25- Archer Daniels Midland, one of the world's top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago- based agri business has "temporarily" shifted production at its Velva, North Dakota, oilseeds...

  • Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets. First Solar's shares rose 10.4 percent, while SunPower's stock was up 11.8 percent in after-market trading on Monday. First Solar and SunPower said they intend to file with the U.S. Securities and Exchange...

  • Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their power-generating assets. The solar companies said they intend to file with the U.S. Securities and Exchange Commission for an initial public offering of limited partner interests in the "yield co.". First Solar's shares rose 10.4 percent,...

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines. Wal-Mart Stores Inc has said its U.S. workers will get a raise to at least $9 an hour, while West Coast port workers have reached a tentative deal for a new...

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is the U.S. arm of...

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Wednesday as union and oil company representatives renewed face-to-face negotiations over safety and pay, after a week's hiatus. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and Toledo, Ohio, were told to walk off their jobs...

  • 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,...

  • HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled until next week and industry representatives were weighing a union counterproposal, said a labor spokeswoman. Also on Thursday, Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings conference call that...

  • U.S. refinery strike enters 12th day, no talks scheduled Thursday, 12 Feb 2015 | 12:36 PM ET

    HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled between union and industry representatives until next week, and at least one refinery will remain out of production for the duration of the work stoppage. Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings...

  • 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...

  • SAN FRANCISCO, Feb 9- Microsoft and Samsung Electronics Co Ltd have settled a contract dispute over patent royalties, though terms of the settlement are confidential, Microsoft said in a statement on Monday. Microsoft sued Samsung last year in a federal court in New York, accusing Samsung of breaching a collaboration agreement by initially refusing to make...

  • Censors loom over Sony PlayStation's China prospects Wednesday, 10 Dec 2014 | 6:19 PM ET

    Sony Corp should fear China's censors as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market.

  • Microsoft delays launch of Xbox One in China Sunday, 21 Sep 2014 | 10:50 AM ET
    Xbox and PlayStation signage on display at the 2014 E3 Electronic Entertainment Expo.

    Microsoft has delayed the launch of its Xbox One game console in China. The company said it would be released by the end of the year.

  • Tata Motors executive Slym dies in fall from hotel Sunday, 26 Jan 2014 | 10:06 AM ET
    Karl Slym, managing director of Tata Motors Ltd.

    Karl Slym, managing director of India's Tata Motors, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said.

  • Time Warner Cable, Viacom renew distribution deal Tuesday, 24 Dec 2013 | 10:35 AM ET
    A man enters Viacom headquarters in New York.

    Time Warner Cable said it had renewed its distribution agreement with Viacom, whose channels include MTV, Comedy Central and Nickelodeon.