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  • Feb 28- OneWeb Ltd, a U.S. satellite startup backed by Japan's SoftBank Group Corp, and debt-laden satellite operator Intelsat SA agreed to merge in a share-for-share deal on Tuesday. Elon Musks Space Exploration Technologies Corp unveiled plans in January 2015 for an internet-via-satellite network that would eventually include some 4,000 satellites.

  • WASHINGTON, Feb 28- A U.S. judge said on Tuesday he hopes to decide by about March 7 on a request by Native American tribes for the Army Corps of Engineers to withdraw an easement on religious grounds for the final link of the Dakota Access Pipeline. Court in Washington, D.C., said he hoped to provide a written ruling by that time on the injunction requested by the...

  • CAPE CANAVERAL, Fla., Feb 28- NASA will pay Boeing Co up to $373.5 million for rides to fly up to five astronauts to the International Space Station aboard Russian Soyuz capsules, the U.S. space agency said on Tuesday. NASA also wants backup seats available to staff the space station in case of delays with U.S. commercial space taxis under development by Boeing and by...

  • WASHINGTON, Feb 28- General Motors Chief Executive Mary Barra said on Tuesday the Detroit automaker is exploring opportunities with French automaker Peugeot SA, but declined to discuss a potential sale of its money-losing European Opel unit. At the Economic Club of Washington, Barra did not discuss in detail the talks with Peugeot that became public two weeks...

  • CUPERTINO, Calif., Feb 28- Apple Inc shareholders defeated a proxy proposal on Tuesday at the iPhone maker's annual shareholder meeting that would have let them nominate two directors on the company's board. The proposal to let shareholders nominate directors won 31.9 percent of votes at the meeting at Apple's headquarters in Cupertino, California.

  • Although its e-commerce operation is growing, Target reported its third straight quarter of lower sales from existing stores, citing "unexpected softness" and raising new questions about the health of large retailers in the United States. Target also forecast first-quarter profit short of Wall Street estimates. Shares sank 12 percent to $58.84, on track for...

  • Net income rose 4.9 percent to $171 billion in 2016, an all-time high, according to Federal Deposit Insurance Corp figures, which are not inflation-adjusted. Net income at U.S. banks increased by $3.1 billion, or 7.7 percent, in the fourth quarter of 2016 compared with a year ago, while the number of struggling lenders fell, the FDIC said in its quarterly report.

  • *UK pensions regulator secures record settlement. LONDON, Feb 28- Billionaire British retailer Philip Green has paid 363 million pounds to pension schemes of the now-collapsed department store chain BHS which he sold for one pound to a serial bankrupt with no retail experience. It was secured three months after it launched legal action against Green, who...

  • GM CEO SAYS BORDER ADJUSTMENT TAX COULD BE' PROBLEMATIC' IF NOT DONE PROPERLY.

  • *Scotiabank Q1 EPS C $1.58 vs forecast C $1.57. Earnings per share, excluding one-off items, for the bank, Canada's fourth largest, came in at C $2.28 per share, beating the average forecast by analysts of C $1.88, according to Thomson Reuters I/B/E/S data. Scotiabank's shares fell 1.6 percent after the bank, Canada's third largest, said net income in the first quarter...

  • *Senior managers' pay package to be simplified. LONDON, Feb 28- Unilever is proposing changes to how it pays executives and directors in order to make them think more like owners of the business, less than two weeks after seeing off a $143 billion takeover pursuit by U.S. rival Kraft Heinz. "In the immediate future, we are fully engaged in the recently announced...

  • LONDON, Feb 28- OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia. Previous OPEC cuts have been mired in mass cheating by its members, making strong compliance by OPEC this time a positive...

  • It also drew sharp criticism from some ethanol groups who said Trumps regulation adviser, billionaire investor and refinery owner Carl Icahn, had engaged in self-dealing by pushing for the deal. The head of the Renewable Fuels Association said the White House had informed him that Trump intends to sign an executive order shifting the obligation of blending...

  • GENERAL MOTORS CEO MARY BARRA SAYS AUTOMAKER' EXPLORING OPPORTUNITIES' WITH PEUGEOT OVER EUROPEAN UNIT OPEL, WON'T COMMENT ON PROSPECT OF SALE.

  • Feb 28- The following table shows OPEC crude oil output in millions of barrels per day in February and January, according to a Reuters survey published on Tuesday. The survey indicates output from all 13 members of the Organization of the Petroleum Exporting Countries fell by 30,000 barrels per day in February from January's revised level.

  • WASHINGTON, Feb 28- After a turbulent start to his presidency, Donald Trump goes before the U.S. Congress on Tuesday night to give a speech that will be closely watched for details of his plans for the economy and whether he can strike a more conciliatory tone. World financial markets will be scrutinizing the 9 p.m. address in the House of Representatives for...

  • FRANKFURT, Feb 28- The European Central Bank said it will test euro zone banks on their resilience to sharp changes in interest rates, simulating scenarios from sudden monetary tightening to the lending freeze that followed Lehman Brothers' collapse. The ultra-low or negative ECB rates in place since the start of the financial crisis have eaten into banks'...

  • LONDON, Feb 28- Two former Barclays traders showed scant regard for honesty and integrity when they conspired to rig global Libor interest rates, a lawyer for the UK Serious Fraud Office told a London jury trial on Tuesday. Deacon said Contogoulas, 45, was the London end of a team of New York- based traders who were part of an alleged scam that started in the summer of...

  • *Trump to speaks before Congress at 9:00 p.m. ET. Feb 28- U.S. stocks traded lower on Tuesday, setting up the Dow to snap a 12- day winning streak, as financial and consumer discretionary stocks weighed and investors awaited President Donald Trump's speech to a joint session of Congress. "What we're looking for tonight is just more meat on those bones," said Mark...

  • WASHINGTON, Feb 28- German automakers dominated Consumer Reports' annual ranking of automotive brands released on Tuesday, with Volkswagen AG's Audi leading the pack, while U.S. brands continued to lag despite gains for many. Jake Fisher, director of auto testing at the magazine, said German automakers rose largely due to improvements in reliability.