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Wires

  • LONDON, March 27- Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next. Hedge funds and other money managers now hold a combined net long position in Brent and WTI of 684 million barrels, down from a record 951 million on Feb. 21, though...

  • One of two listed casino operators in South Africa, Sun International has been hit by sluggish economic growth in its home market. It is scheduled to open its second-largest casino and entertainment complex there, the 4.2 billion rand Time Square project in Pretoria, next month. The owner of Sun City resort and the Sibaya Casino in South Africa said the slowing...

  • LONDON, March 27- What you see is not what you get. This is a truism for any metal stored in London Metal Exchange warehouses but it is particularly relevant in the lead market right now. This scramble for units leaves the London contract vulnerable to cash-date tightness.

  • March 27- Sealed Air Corp said it would sell its cleaning and chemicals systems division, Diversey Care, and its food hygiene and cleaning business to Bain Capital Private Equity for about $3.2 billion, as it focuses on its higher-margin businesses. Sealed Air acquired Diversey in 2011 from its controlling shareholders, the Johnson family and private equity...

  • *White House failure on healthcare raises worries over tax reform. *Dollar falls to lowest since Nov. 11. LONDON, March 27- The dollar and share prices tumbled on Monday, as investors worried that U.S.

  • March 27- Foamix Pharmaceuticals Ltd said its experimental acne drug failed to meet one of two main goals in a late-stage study, sending its shares down about 30 percent in premarket trading. However, the drug, FMX101, induced a statistically significant benefit in a separate late-stage study, the Israel- based drug developer said. Acne is the most common skin...

  • BETHESDA, Md. _ Global Medical REIT Inc. on Monday reported a key measure of profitability in its fourth quarter. The Bethesda, Maryland- based real estate investment trust said it had funds from operations of $1 million, or 6 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 1...

  • SYDNEY/ PARIS, March 27- U.S. soybeans edged lower on Monday, hovering close to a five-month low amid ample global supplies of the oilseed and strong South American production. The most active soybean futures on the Chicago Board Of Trade fell 0.3 percent to $9.73 a bushel after hitting $9.72-1/ 4 a bushel, a five-month low already hit on Friday.

  • DETROIT, March 27- As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody's Investors Service said in a report released on Monday. "The combination of plateauing auto sales, growing negative equity from consumers and lenders' willingness to offer flexible loan terms is a...

  • LONDON, March 27- Britain's BT has been fined a record 42 million pounds by the regulator for failing to install high-speed lines for businesses fast enough, in an error that is likely to cost the company around 300 million pounds in compensation. BT, which runs Britain's major telecoms network, misused the terms of its contracts to reduce compensation payments...

  • NEWARK, N.J.— Sealed Air is selling its Diversey Care unit and the food hygiene and cleaning business of its food care division to private investment firm Bain Capital Private Equity for about $3.2 billion. Sealed Air Corp. said Monday that it wants to use the proceeds from the sale to pay back debt and buy back shares. The Charlotte, North Carolina, company also...

  • EVANSVILLE, Ind.— A 94- year-old Indiana woman is celebrating 44 years of working at McDonald's. The Evansville Courier& Press reports friends and co-workers threw a party for Loraine Maurer, of Evansville, last week. Maurer tells ABC News that she has thought about retirement, but "would miss it too much.

  • *OPEC, non- OPEC producers review extension of production cuts. LONDON, March 27- Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC- led production cut will be extended beyond June in an effort to counter a glut of crude. A committee of ministers from OPEC and outside producers agreed on Sunday to look at prolonging the deal,...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • March 27- Sealed Air Corp said it would sell its cleaning and chemicals systems division, Diversey Care, and its food hygiene and cleaning business to Bain Capital Private Equity for about $3.2 billion. The businesses together will be called New Diversey, the company said on Monday. Reuters earlier this month reported that Sealed Air was in talks to sell Diversey...

  • March 27- Alexion Pharmaceuticals Inc on Monday named former Baxalta head Ludwig Hantson chief executive officer as the rare-disease drug maker looks to steady the ship following the exit of its top management. Hantson will take over from David Brennan, who was named interim chief last year following the departure of Alexion's top executives in the...

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • *A Congress controlled by Trump's Republican party on Friday pulled a bill to overhaul the Affordable Care Act or Obamacare, in a stunning setback for the President's first major legislative move since taking office. *Still, the drop in futures appeared to be kept in check on Trump's comment to turn his attention to getting "big tax cuts" through Congress.

  • March 27- Alexion Pharmaceuticals Inc on Monday named former Baxalta head Ludwig Hantson chief executive officer as the rare-disease drug maker looks to steady the ship following the exit of its top management. Hantson will take over from David Brennan, who was named interim chief last year following the departure of Alexion's top executives in the...

  • WARSAW, Poland— The foreign minister of Nigeria is in Poland in an effort to develop economic, military and security ties with the fast-growing economy in central Europe. Geoffrey Onyeama, on his first visit to Poland, said he was "extremely impressed" by the economic development he has seen in Poland, a country that threw off communist rule 28 years ago.