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  • LONDON, Feb 20- Ford said on Tuesday it hopes to set up a bank in Germany in the second half of the year after applying for a licence in the country as part of its strategy to mitigate any risk from Britain leaving the European Union. Ford Credit Europe would retain its licence in Britain but applied for a German equivalent last year because the future of passporting,...

  • OAK BROOK, Ill. _ Great Lakes Dredge& Dock Corp. on Tuesday reported a loss of $8.8 million in its fourth quarter. On a per-share basis, the Oak Brook, Illinois- based company said it had a loss of 14 cents. For the year, the company reported that its loss widened to $31.3 million, or 51 cents per share.

  • *UBS INVESTMENT BANK DISCLOSES HIGHER 6.19 PCT STAKE IN TAKEOVER TARGET SKY PLC Source text for Eikon: Further company coverage:.

  • PRAGUE— The Czech Republic's army says it is planning to open a new satellite center to serve the country's military intelligence and NATO. The military spy agency said on Tuesday it should open on July 1 and become fully operational by the end of 2019.. The cost is financed by the Czech Defense Ministry.

  • BERLIN, Feb 20- Members of Germany's Social Democrats started voting on Tuesday on whether to enter a new coalition with Angela Merkel's conservatives, in a postal ballot which could scupper the chancellor's chances of a fourth term in office. Either would be a first for post-war Germany, now without a formal government for nearly five months.

  • ATLANTA _ Genuine Parts Co. on Tuesday reported fourth-quarter profit of $108.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. Genuine Parts expects full-year earnings to be $5.60 to $5.75 per share.

  • HOUSTON, Feb 20- Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. MPLX Energy Logistics LP, for instance, paid a 9.7 percent annualized distribution last quarter to its holders, up from 7.9 percent a year earlier, according to figures from...

  • NEW DELHI/ MUMBAI, Feb 20- Indian billionaire jeweller Nirav Modi, one of the prime accused in the country's largest ever bank fraud, denies allegations levelled against him by Punjab National Bank, his lawyer said on Tuesday. "There is nothing, there is nothing in it," Vijay Aggarwal, a lawyer representing Modi told Reuters, referring to a police complaint filed by the...

  • NEW DELHI/ MUMBAI, Feb 20- Indian billionaire jeweler Nirav Modi, one of the prime accused in the country's largest ever bank fraud, denies allegations leveled against him by Punjab National Bank, his lawyer said on Tuesday. "There is nothing, there is nothing in it," Vijay Aggarwal, a lawyer representing Modi told Reuters, referring to a police complaint filed by the...

  • RABAT, Morocco— Uber is pulling out of Morocco— a decision the San Francisco- headquartered company say is linked to the North African country's failure to reform its strict transport rules. For nearly three years, Uber has been operating illegally in Morocco— despite currently having 19,000 users in Morocco and over 300 drivers. Bouchaib Abdel Moughit of...

  • LONDON, Feb 20- Royal Dutch Shell will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world of low crude prices, the head of its oil and gas production said on Tuesday. Shell's deepwater production in Brazil, Nigeria, the Gulf of Mexico is much bigger and more profitable, but the...

  • BRUSSELS, Feb 20- Top European Union finance ministers said on Tuesday the bloc is considering how to respond to last December's U.S. tax reform, and will have a clear view on whether it is in breach of international rules in the spring. The European Commission was asked to prepare a detailed assessment of the impact of the reform and its compatibility with WTO...

  • SEOUL, Feb 20- General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The debt for equity swap would allow GM's business in South Korea to continue operating. Since 2015, GM has...

  • WASHINGTON— The Trump administration is clearing the way for a lower-cost alternative to comprehensive medical insurance plans sold under former President Barack Obama's health care law. Proposed regulations out Tuesday from the Health and Human Services department allow health insurers to sell so-called "short-term" policies that can last up to 12...

  • Feb 20- Gap Inc said on Tuesday that Jeff Kirwan, president and chief executive of its eponymous brand will leave the apparel retailer. Gap shares were down 6.5 percent in premarket trading. Brent Hyder, current Gap executive vice president, head of global talent and sustainability, will oversee the brand as the retailer looks for new president.

  • If completed, the 7 billion euro pipeline would allow Russia to reduce its reliance on Ukraine as a transit route for its gas supplies to Europe. "There is no permission from Turkey, which hampers talks about building the second line to Europe," one of the sources familiar with the talks said. Relations between Moscow and Kiev have been badly strained by Russia's...

  • ST PAUL, Minn. _ Ecolab Inc. on Tuesday reported fourth-quarter net income of $565.9 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. Eight analysts surveyed by Zacks expected $3.62 billion.

  • VIENNA, Feb 20- An Austrian court has ruled Spirits International owns the trademark rights to Stolichnaya and Moskovskaya vodka in Austria, only weeks after SPI lost a similar case in the Netherlands. Shefler, whose net worth is estimated at more than $2 billion by Forbes Magazine, left Russia in 2001 after the country's Supreme Court stripped him of rights to...

  • Shares of the company, which raised its quarterly dividend by 15.7 percent to $1.03 per share, were up 2.6 percent in premarket trading. Smaller rival Lowe's Cos Inc was up 0.9 percent. "We believe the story offers a combination of macro and internal drivers which we expect to stay healthy in 2018," Morgan Stanley analyst Simeon Gutman said in a note.

  • *CEO says will meet activist investor Elliott Advisors. MELBOURNE/ LONDON Feb 20- Global miner BHP, seeking to fend off activist investor Elliott Advisors, handed an extra $800 million to shareholders but its share price slid on Tuesday after costs rose and interim results fell short of forecasts. BHP must also contend with Elliott, which has a stake of around 5...