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Wires

  • Feb 24- Bank of America Corp on Saturday became the latest financial heavyweight to take aim at gunmakers, saying it would ask clients who make assault rifles how they can help end mass shootings like last week's massacre at a Florida high school. The weapons have been widely used in U.S. mass shootings, including the one on Feb. 14 that killed 17 people at Marjory...

  • FRANKFURT, Feb 25- The European Investment Bank may ask Daimler to pay back loans extended for research and development in light of a report linking the Mercedes maker to diesel emission-test cheating, Welt am Sonntag reported. The company has received a total of 3.8 billion euros in loans from the EIB since 2000, with around 2 billion still outstanding, the...

  • NEW YORK, Feb 24- Delta Air Lines and United Airlines on Saturday became the latest major corporations to sever marketing ties with the National Rifle Association as the fallout from last week's massacre at a Florida high school took its toll on the gun advocacy group. The issue of gun control, and the NRA's role in opposing it, became the focus of renewed national...

  • LONDON, Feb 24- The Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year, according to a newspaper interview released on Saturday. However, Governor Mark Carney said at the same event that future monetary policy decisions would depend heavily on how...

  • LONDON, Feb 24- Bank of England Deputy Governor Dave Ramsden said in an interview to be published on Sunday that interest rates might need to rise sooner than he previously thought if wages grow as fast as the central bank expects in the early part of this year. Ramsden was one of two policymakers who opposed the BoE's decision in November to raise interest rates...

  • NEW YORK— Toyota and Hyundai have recalled roughly a combined 110,000 trucks and sport utility vehicles, including the 2018 Toyota Tundra and Sequoia, and the 2018 Hyundai Santa Fe and Santa Fe Sport. In its recall announced Saturday, Hyundai says some of Santa Fe vehicles are at risk for the steering wheel breaking away from the steering column.

  • MOUNDSVILLE, W.Va.— A West Virginia judge has dismissed a lawsuit brought by coal company Murray Energy against HBO host John Oliver. A Circuit Court judge in Marshall County, West Virginia, ruled on Wednesday that Murray's company failed to state a claim. The two-page ruling from Senior Judge Jeffrey Cramer was posted online by The Hollywood Reporter.

  • *Li Shufu has 9.69 pct stake in maker of Mercedes cars. BEIJING/ FRANKFURT, Feb 24- Chinese carmaker Geely has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives. The purchase by Li Shufu, Geely's founder and main owner, means...

  • Feb 23- A federal judge in Louisiana on Friday revoked a permit for Energy Transfer Partners' Bayou Bridge crude oil pipeline, halting work on a portion of the project following protests by local and environmental groups. Friday's ruling granting a preliminary injunction requires the U.S. Army Corps of Engineers to revisit its approval of the pipeline's...

  • Feb 24- Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc.. Berkshire also boosted a related deferred charge asset by $1.7 billion, and estimated its year-end net liability under the...

  • NEW YORK, Feb 24- Delta Air Lines and United Airlines on Saturday became the latest major corporations to sever marketing ties with the National Rifle Association as the fallout from last week's massacre at a Florida high school took its toll on the gun advocacy group. The issue of gun control, and the NRA's role in opposing it, became the focus of renewed national...

  • FRANKFURT/ BEIJING, Feb 24- Officials from Chinese carmaker Geely plan to meet Daimler executives early next week after announcing the acquisition of an almost 10 percent stake in the Mercedes maker, two sources familiar with the situation said. They also hope to meet top German government officials in Berlin, the sources told Reuters on Saturday.

  • WINSTON-SALEM, N.C.— BB&T says its customer service system has "substantially recovered" after an outage which impacted thousands of customers. Spokesman Brian Davis said in a statement on Saturday that the bank was making significant progress to repair problems blamed on an equipment malfunction at a data center. The problem, first reported Thursday,...

  • Feb 24- Buffett says berkshire hathaway has $20.96 bln cost basis for shares of apple, which were worth $28.21 bln at year end-- shareholder letter Berkshire says that in q4, it boosted ultimate claim liability estimates related to aig retroactive reinsurance agreement by about $1.8 bln Berkshire, in annual report, says higher liability estimate stems from...

  • DAIMLER, GEELY HAVE NO IMMEDIATE COMMENT ON MEETINGS.

  • DAIMLER, GEELY HAVE NO IMMEDIATE COMMENT ON MEETINGS.

  • GEELY WILL UNDERLINE THAT IT INTENDS TO BE A SUPPORTIVE LONG-TERM INVESTOR IN DAIMLER- SOURCES.

  • GEELY SEEKING TO MEET DAIMLER EXECUTIVES, TOP GERMAN OFFICIALS EARLY NEXT WEEK- SOURCES.

  • BERKSHIRE, IN ANNUAL REPORT, SAYS YEAR-OVER-YEAR CIRCULATION HAS DECLINED AT MANY OF ITS NEWSPAPERS, INCLUDING THE BUFFALO NEWS IN NEW YORK AND OMAHA WORLD-HERALD IN ITS NEBRASKA HOMETOWN.

  • BERKSHIRE SAYS IT PAID $2.7 BILLION FOR' BOLT-ON' ACQUISITIONS IN 2017.