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Wires

  • TOKYO, Feb 28- Asian shares lost their grip on Tuesday but were still on track for a winning month, bolstered by gains on Wall Street as investors awaited a speech by U.S. In Europe, Germany's DAX and Britain's FTSE were expected to open higher. MSCI's broadest index of Asia-Pacific shares outside Japan erased earlier modest gains and edged down slightly by...

  • HONG KONG/ BARCELONA, Feb 28- Staff at China's Huawei Technologies Co Ltd are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets. Huawei's mobile unit missed an internal profit target for 2016 even though revenues...

  • SEOUL, Feb 28- South Korea's Samsung Group on Tuesday said it has dismantled its corporate strategy office, the nerve centre of operations for the sprawling conglomerate, following its chief's arrest amid a graft scandal that could bring down President Park Geun-hye. Samsung, in a statement, said top group executives including Vice Chairman Choi Gee-sung and...

  • DUBAI/ LONDON, Feb 28- Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies- the United Arab Emirates, Kuwait and Qatar- believe would encourage investment in new fields but not lead to a jump in U.S. shale output, the sources said.

  • *Samsung Group chief to be charged with bribery, embezzlement. SEOUL, Feb 28- South Korea's special prosecutor's office said on Tuesday it will charge Samsung Group chief Jay Y. Lee and four other executives with bribery and embezzlement amid a political scandal that has rocked the country. The other executives to be charged are Samsung Group vice chairman Choi...

  • OSLO, Feb 28- The Marshall Islands in the Pacific Ocean became the first nation on Tuesday to ratify a 2016 accord to cut the use of powerful factory-made greenhouse gases, saying the survival of the nation was at risk from climate change. The parliament of the Marshall Islands, with a population of 53,000 vulnerable to rising sea levels caused by melting ice,...

  • PARIS, Feb 28- France's Thales reported a slightly brisker than expected 11 percent increase in operating earnings for 2016 and predicted further growth in its profits and operating margins this year as its transport business exits the doldrums. It took in 13 percent fewer orders, worth 16.5 billion euros, compared with 2015 which had been buoyed by the radar...

  • TOKYO, Feb 28- Japan's Nikkei share average edged up on Tuesday after U.S. stocks rose, but gains were limited as the market awaited a speech by U.S. President Donald Trump for details of his infrastructure spending and tax plans to Congress. The Nikkei rose 0.1 percent to 19,118.99.

  • District Judge James Boasberg in Washington will consider a request by the Standing Rock and Cheyenne River Sioux tribes to order the Army Corps of Engineers to withdraw permission for developer Energy Transfer Partners to lay pipe under Lake Oahe in North Dakota. The stretch under the Missouri River reservoir is the last piece of construction for the $3.8...

  • PARIS, Feb 28- France's Thales reported a slightly brisker than expected 11 percent increase in operating earnings for 2016 and predicted further growth in profits and operating margins this year as its transport business exits the doldrums. The group took in 13 percent fewer orders, worth 16.5 billion euros, compared with 2015 which had been buoyed by the...

  • HONG KONG— Asian stocks were mostly higher Tuesday after another strong finish on Wall Street as investors awaited a speech by President Donald Trump to the U.S. Congress. KEEPING SCORE: Japan's benchmark Nikkei 225 index added 0.6 percent to 19,214.68 and South Korea's Kospi rose 0.4 percent to 2,092.57. INVESTOR INSIGHT: "There will be a few things that the...

  • CHICAGO, Feb 28- Peabody Energy Corp, the world's largest private-sector coal miner, expects to exit Chapter 11 bankruptcy in April with an executive bonus plan worth hundreds of millions of dollars. *Peabody set aside 10 percent of new common stock- which the company estimates to be worth $310 million- in a pool to be used as grants for executives, employees and...

  • CHICAGO/ WILMINGTON, Del., Feb 28- A year ago, Peabody Energy Corp's chief executive was presiding over $2 billion of losses as the world's largest private sector coal miner spiralled into bankruptcy. The company's valuation, they contend, fails to properly reflect the impact of President Donald Trump's unexpected election victory and regulatory changes in...

  • About 90 percent of marine fish stocks worldwide are already fully or partially over-fished, according to the United Nations. "We have finite fish oil, growing aquaculture and a world that needs more Omega-3s," said Mark Griffin, president of animal nutrition at Omega Protein Corp, the biggest U.S. fish oil producer. The short supply has attracted the world's...

  • SEOUL, South Korea— South Korean special prosecutors said they would indict Samsung's de facto chief Tuesday on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye. The planned indictment of Samsung Electronics vice chairman Lee Jae-yong is a huge hit for the largest and most successful of the big...

  • Ham radio operators generally say they don't have a problem with pot but worry amateur growers may not be aware that cheap ballasts can have phony FCC- compliance stickers. The American Radio Relay League has filed four complaints against the FCC and said it hasn't heard back, and says complaints concerning alleged interference continue to trickle in,...

  • SEOUL, South Korea— Prosecutors plan to indict Samsung's de facto chief on bribery, embezzlement linked to massive South Korean scandal.

  • Accountant Brian Cullinan, who media reports said had been tweeting backstage shortly before, gave presenters Warren Beatty and Faye Dunaway the wrong envelope for the movie industry's top award on Sunday, the accounting firm said in a statement. In a gaffe that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide, "Cullinan...

  • BOSTON, Feb 28- Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients. Boston- based Fidelity's price reduction to $4.95 from the previous commission of $7.95 a trade, will likely put pressure on the rest of the U.S. brokerage industry. Discount brokers TD Ameritrade...

  • MILAN— Starbucks CEO Howard Schultz's vision for the chain was largely inspired by the coffee bars he saw on his first trip to Milan more than three decades ago. "I didn't think we were ready to come to Italy," Schultz told The Associated Press in an interview Monday. "I think Italy is such a special place.