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  • WASHINGTON— Fewer Americans signed contracts to buy homes last month as rising prices and a dwindling supply of available homes appeared to frustrate many potential buyers, especially in the West. The National Association of Realtors says that its seasonally adjusted pending home sales index fell 2.8 percent to 106.4, the lowest level in a year.

  • Feb 27- Apple Inc and German software maker SAP SE will release a tool aimed at helping developers build iPhone apps for big businesses, the two companies said on Monday. The collaboration between our two firms is unparalleled from an engineering standpoint, said Rick Knowles, a senior vice president at SAP. In 2016, Apple made a deal with Cisco to make iPhones work...

  • WASHINGTON, Feb 27- Contracts to buy previously owned U.S. homes dropped in January on a shortage of inventory in the Midwest and West regions, the National Association of Realtors said on Monday. The index last month, however, was still 0.4 percent higher than in January 2016. Buyers are easily outnumbering sellers in several metro areas, NAR chief economist...

  • Feb 27- ABC's broadcast of The 89th Academy Awards on Sunday night drew a 22.4 overnight rating, according to Nielsen data released by the Walt Disney Co unit. The 22.4 rating is down 4 percent from last years show, which ended up translating to 34.4 million, the third-lowest rated since 1974.. ABC will release viewership numbers later on Monday.

  • KHOBAR, Saudi Arabia, Feb 27- Saudi Arabia may increase its domestic gasoline prices by 30 percent from July, industry sources said, part of a reform plan by the world's top oil exporter to align its fuel prices with global benchmark levels. In December 2015 the kingdom raised the price of 95 octane gasoline to 0.90 riyal per liter from 0.60 riyal.

  • *Canadian dollar at C $1.3088, or 76.41 U.S. cents. TORONTO, Feb 27- The Canadian dollar edged higher against its U.S. counterpart on Monday as oil prices rose, but gains for the loonie were restrained ahead of a Bank of Canada interest rate decision this week. The Bank of Canada is widely expected to hold interest rates at 0.50 percent on Wednesday.

  • *Microsoft top drag on S&P and Nasdaq. *Tesla falls on Goldman downgrade. Feb 27- U.S. stocks opened lower on Monday, with the Dow on track to snap an 11- day winning streak, as technology stocks declined and investors paused ahead of President Donald Trump's address to a joint session of Congress on Tuesday.

  • *Euro stronger as polls show Le Pen losing momentum. NEW YORK, Feb 27- The dollar was slightly weaker against a basket of currencies on Monday as investors worried that a speech by U.S. Mnuchins comments seemed to indicate the details of tax reform will be known probably closer to the latter half of the summer, and we can most likely expect 3 percent growth towards the...

  • Feb 27- Lodging REIT Ashford Hospitality Trust Inc's offer to buy FelCor Lodging Trust Inc was "woefully inadequate", activist hedge fund Land and Buildings Investment Management LLC, which holds a stake in FelCor, said on Monday. Ashford offered to buy FelCor last week, in a deal valued at about $1.27 billion, and launched a proxy battle for the control of the...

  • MONTERREY, Mexico _ Fomento Economico Mexicano SAB on Monday reported fourth-quarter earnings of $336.4 million. On a per-share basis, the Monterrey, Mexico- based company said it had profit of 90 cents. The Coca-Cola bottler posted revenue of $5.54 billion in the period.

  • NEW YORK— The latest on developments in financial markets:. Stocks are opening slightly lower on Wall Street following 11 straight gains for the Dow Jones industrial average. Chesapeake Energy slumped 2 percent.

  • TORONTO, Feb 27- Canada's main stock index turned lower in early trade on Monday, weighed by heavyweight banks and railway stocks. The Toronto Stock Exchange's S&P/TSX composite index was down 41.76 points, or 0.27 percent, at 15,491.71 shortly after opening in positive territory. All 10 main groups were lower.

  • *UAE and Iraq pledge to catch up with production cut targets. Brent crude oil rose 58 cents to $56.57 a barrel by 1433 GMT, while U.S. Money managers also raised their bullish U.S. crude futures and options positions in the week to Feb. 21 to the highest on record, the U.S. Commodity Futures Trading Commission said on Friday.

  • LONDON, Feb 27- Sterling hit a 12- day low against the dollar on Monday, as talk of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union. A report in the Times newspaper said British Prime Minister Theresa May is preparing for Scotland to call a fresh independence referendum in March, to...

  • *Total eyes cut-price stake in Iran LNG project-sources. *Iran seeks to jumpstart gas exports after sanctions. Iran shares the world's biggest gas field with Qatar, which has used the reserves to build over a dozen giant liquefaction plants to chill gas into a liquid for export on ships-- a move Iran is keen to replicate.

  • Feb 27- The United States is "diverging" from the rest of the world and will be "less of a leader in trade", General Electric Co Chief Executive Jeffrey Immelt said in a letter to shareholders. President Donald Trump has vowed to stop U.S. manufacturing from disappearing overseas and in January formally withdrew the United States from the 12- nation Trans-Pacific...

  • Feb 27- Mexico's economy minister Ildefonso Guajardo warned that his country will break off negotiations on the North American Free Trade Agreement if the United States were to propose tariffs on products from Mexico, Bloomberg reported on Monday. "The moment that they say,' We're going to put a 20 percent tariff on cars,' I get up from the table," Guajardo told...

  • LONDON, Feb 27- For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Since September 2009, the U.S. Commodity Futures Trading Commission has employed a four-way classification for all traders with reportable positions in crude oil.

  • *Core capital goods orders fall 0.4 percent in January. WASHINGTON, Feb 27- New orders for U.S.-made capital goods unexpectedly fell in January after three straight months of strong gains, but did little to change views that manufacturing was recovering from a prolonged slump amid rising commodity prices. The Commerce Department said on Monday that...

  • Feb 27- U.S. stocks looked set to open slightly lower on Monday as investors paused to assess Wall Street's recent record-setting run. Investors will be closely watching President Donald Trump's address to a joint session of Congress on Tuesday evening for clues on his proposed tax reform and his plans to overhaul the Affordable Healthcare Act.