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Wires

  • WASHINGTON, Feb 22- The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry. The ITC announced its ruling in a statement, but gave no other details on its finding, which follows a probe launched last year after a petition by a union, the United Steel, Paper and Forestry, Rubber,...

  • TORONTO, Feb 22- Canada's main stock index fell on Wednesday, pulling back from a record high hit the day before, as lower commodity prices weighed on shares of energy and materials companies and domestic retail sales fell the most in nine months. At 11:03 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index fell 43.87 points, or 0.28 percent, to 15,878.50.

  • *Q4 revenue $9.47 bln vs est $9.44 bln. Feb 22- TJX Cos Inc, the operator of T.J. Maxx and Marshalls stores, reported better-than-expected profit and comparable store sales, as its discounted offerings attracted shoppers during the holiday season. Comparable store sales in the company's Marmaxx unit, which includes T.J. Maxx and Marshalls stores, also handily beat...

  • ITC SAYS DOES NOT FIND DOMESTIC INDUSTRY DAMAGED FROM SUBSIDIZED CHINA TRUCK, BUS TIRES.

  • PSA GROUP SEEKS 1.5 BLN- 2 BLN EUROS IN SYNERGIES FROM PLANNED OPEL ACQUISITION- SOURCES.

  • LONDON/ FRANKFURT, Feb 22- French carmaker PSA Group aims to generate annual cost savings of between 1.5 billion and 2 billion euros from its proposed acquisition of Opel from General Motors, two sources told Reuters on Wednesday. The disclosure sparked concern for the future of GM's Opel and Vauxhall plants in Germany and Britain, home to most of the group's...

  • WASHINGTON— The Supreme Court has sided with California- based Life Technologies Corp. in a patent infringement case that limits the international reach of U.S. patent laws. Life Technologies supplied an enzyme used in DNA analysis kits to a plant in London and combined it with several other components to make kits sold worldwide. Wisconsin- based Promega...

  • BRASILIA, Feb 22- Brazil's central bank is unlikely to step up the pace of monetary policy easing on Wednesday despite pressure on policymakers for faster and bigger rate cuts to stimulate the economy. "Another big drop in Brazilian inflation which, coming alongside the recent strength of the real, paves the way for a large reduction in the Selic interest rate at...

  • Christine Hohmann-Dennhardt was hired in late 2015 to help Europe's biggest carmaker reform itself following its diesel emissions cheating scandal. "the state and the supervisory board are only insufficiently carrying out their ownership role and controlling task," lawmaker Mathias Middelberg wrote in a letter to Stephan Weil, the prime minister of Lower...

  • WASHINGTON— The Washington Post is featuring a new motto on the paper's website: "Democracy Dies in Darkness." Amazon.com founder and CEO Jeff Bezos used the phrase in an interview last year when asked to explain why he purchased the paper in 2013.. And I think The Washington Post has a seat, an important seat, to do that because we happen to be located here in the...

  • AMSTERDAM, Feb 22- Philips on Wednesday announced the introduction of a new platform for image guided therapy which enables doctors to combine the use of several medical scanners, imaging data and large screen displays as they perform minimally-invasive surgeries. CEO Frans van Houten told reporters he expected the platform to replace the company's...

  • An owner of six supermarkets tells The Philadelphia Inquirer he expects to cut 300 jobs, and a soft drink distributor predicts a 20 percent workforce reduction. Mayor Jim Kenney pushed through the 1.5- cent- per-ounce tax on sweetened and diet beverages to pay for nearly 2,000 pre-kindergarten slots and other programs. Information from: The Philadelphia...

  • SAO PAULO, Feb 22- Yields on Brazilian interest rate futures were nearly unchanged on Wednesday as traders bet the central bank would maintain its pace of rate cuts later in the day. Still, traders said the odds of a steeper cut at the central bank's April meeting have been growing as Brazil's economic recovery struggles to take hold. Brazil's benchmark Bovespa...

  • An improving job market and attractive mortgage rates has continued to fuel demand for housing in the United States, where homebuilders have also seen a bump in consumer sentiment post-election. "The pent-up demand of the past seven years may be starting to release, bringing more buyers into the market, especially in the move-up segment, where rising home...

  • "It has been hard for us to keep up, with lots of folks running backup for each other," says Brandon Dudley, vice president of the Chicago- based company that arranges bus charters for events ranging from nights on the town to long-distance trips. In its latest report, the U.S. Centers for Disease Control and Prevention said 35 states had moderate to high levels of flu...

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • WASHINGTON, Feb 22- U.S. home resales surged to a 10- year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy. The National Association of Realtors said on Wednesday existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest...

  • NEW YORK, Feb 22- The euro hit a six-week low against the dollar on Wednesday on concern over France's presidential election campaign, a growing gap between U.S. and euro zone interest rates and the increasing risk of a rate increase from the Federal Reserve in March. The euro fell below $1.05 for the first time in six weeks to $1.0494 in early trading.

  • WASHINGTON, Feb 22- U.S. home resales surged to a 10- year high in January as buyers shrugged of higher prices and mortgage rates, a sign of growing confidence in the economy. The National Association of Realtors said on Wednesday existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest level...

  • Feb 22- Creditors of Puerto Rico's sales tax authority have asked a federal court to prevent the U.S. territory from diverting the revenue that guarantees its debt to repay other investors, the latest volley in an escalating battle. Crippled by high poverty and nearly insolvent public health and pension systems, Puerto Rico is trying to restructure $70 billion...