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Wires

  • Feb 20- Acquire, slash costs, repeat. Billionaire investor Warren Buffet and buyout firm 3 G Capital's failed $143 billion bid to combine their food conglomerate Kraft Heinz Co with Unilever Plc shows their winning formula now needs a growth boost. "Perhaps Kraft will now acquire another medium-sized U.S. food company, like General Mills Inc, Kellogg Co, or...

  • LONDON, Feb 20- Asset managers on Monday marshaled their defense against proposed changes by their regulator aimed at boosting value for investors by cutting costs and increasing competition. The Financial Conduct Authority launched a review of the industry last year aimed at overhauling Britain's 7 trillion pound asset management industry, and gave Feb....

  • BRUSSELS, Feb 20- European Union data protection watchdogs said on Monday they were still concerned about the privacy settings of Microsoft's Windows 10 operating system despite the U.S. company announcing changes to the installation process. The group- referred to as the Article 29 Working Party- asked for more explanation of Microsoft's processing of...

  • *OPEC cut compliance around 90 pct, but U.S. output rising. Top OPEC exporter Saudi Arabia's crude oil shipments fell in December to 8.014 million barrels per day from 8.258 million bpd in November, official data showed on Monday. Brent futures were up 37 cents at $56.18 a barrel at 1:05 p.m. EST, while U.S.

  • LONDON, Feb 20- German carmaker Volkswagen has fixed 470,000 cars out of 1.2 million affected by the diesel emissions scandal in Britain, the firm's UK managing director told lawmakers on Monday. Paul Willis faced difficult questions from lawmakers, some of whom are angry that the firm has not been fined in Britain and that motorists have not received...

  • *Nigeria hit by dollar shortage due to low oil price, FX curbs. ABUJA, Feb 20- Nigeria effectively devalued the naira for private individuals on Monday, paving the way for a possible broader move despite stiff resistance from President Muhammadu Buhari. However, that did not necessarily mean the authorities were yet ready to allow a free-float for the naira...

  • Specifically, we could follow President Ronald Reagan's lead and increase the Earned Income Tax Credit. A quick history: The credit, created in 1975 to help lower-income workers offset Social Security taxes, was greatly expanded under Reagan, who championed it as a way to reduce poverty while making work more attractive than welfare. Last year both President...

  • NEW YORK— In a nod to its past as well as its future, WhatsApp is adding a "status" feature that lets users tell their contacts what they are up to. It's not a new idea— WhatsApp started out as a way for people to let their friends know what they are up to— at work or available, for example. Messaging, now the app's main function, was added later.

  • BUENOS AIRES, Feb 20- Argentina will get rid of a 35 percent tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies. Computers are three times more expensive in Argentina than in the United States, and 50 percent more expensive than in...

  • BUENOS AIRES, Feb 20- Argentina will get rid of a 35 percent tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies. Computers are three times more expensive in Argentina than in the United States, and 50 percent more expensive than in...

  • BUENOS AIRES, Feb 20- Argentina will get rid of a 35 percent tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies. Computers are three times more expensive in Argentina than in the United States, and 50 percent more expensive than in...

  • BUENOS AIRES, Feb 20- Argentina will get rid of a 35 percent tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies. Computers are three times more expensive in Argentina than in the United States, and 50 percent more expensive than in...

  • LISBON, Feb 20- The Bank of Portugal will hold a final round of exclusive negotiations with U.S. private equity firm Lone Star as it seeks to flesh out the terms of the potential sale of state-rescued lender Novo Banco, the central bank said on Monday. Olivier Brahin, president of Lone Star for Europe, said in a separate statement his firm was "committed to confirming a...

  • LISBON, Portugal— Portugal's government says it has paid back to the International Monetary Fund half the money it received from the institution as part of a bailout in 2011, and says the early repayment is evidence the country is financially healthy again. That means Portugal has already paid back 13 billion euros to the IMF. Portugal neared bankruptcy in 2011...

  • MADRID— French President Francois Hollande says he and the leaders of Spain, Italy and Germany will meet in early March to lay ground for a summit on the European Union's future after Britain's departure from the bloc. A joint declaration Hollande and Spanish Prime Minister Mariano Rajoy issued after meeting in Malaga on Monday said they plan to get together...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • *One-hour London roadshow impresses investors. LONDON, Feb 20- Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to...

  • *One-hour London roadshow impresses investors. LONDON, Feb 20- Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to...

  • BRUSSELS, Feb 20- The European Union should be able to conclude a free trade agreement with Japan this year after failing to hit an end-2016 deadline, a European Commission source close to the negotiations said on Monday. President Donald Trump's withdrawal from a planned Trans-Pacific Partnership trade alliance including Japan and as the EU looks beyond...

  • LONDON, Feb 20- Oil pricing agency S&P Global Platts is making the first major overhaul of its Brent oil price assessment in a decade, to address falling supplies of the crude oil grades underpinning the benchmark that prices most of the world's oil. A decline in supply from North Sea fields has led to concerns that physical volumes could become too thin and hence...