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    Ford Motor Co (F) plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad. The factory, opened on Thursday in the western state of Gujarat, will nearly double Ford's production capacity in India to 610,000 engines and 440,000 vehicles a year.

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    Indonesia wants to play a major role in a new Chinese-led Asian infrastructure bank, with at least the vice-president's position reserved for the Southeast Asian country, the finance minister said. The $50 billion Asian Infrastructure Investment Bank, expected to start operations by the end of the year, is attracting a growing list of countries from Britain to India to New Zealand.

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    * Oil jumps $3 a barrel before paring gains on dollar rebound. * Iran denounces strikes, Russia calls for "immediate ceasefire" * Pakistan assures "strong response" if Saudi integrity undermined. By Barani Krishnan.

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    When Kraft Foods Group merges with H.J. Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh. But that dual office structure may soon change, according to some industry watchers. "There is going to be a lot of headcount reduction," said Bob Goldin, executive vice president of food consultancy Technomic.

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    Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies.

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    - General Electric Co (GE) increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.

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    Following Warren Buffett's investment advice may be smart but nutritionists say that eating too many of the "junk-food" products made by companies he has invested in isn't quite as wise. His move on Wednesday to inject Velveeta cheese, Jell-O, Lunchables, Oscar Mayer wieners, and Kool-Aid into his portfolio, stuffs an already amply supplied larder.

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    By Sue Chang and Victor Reklaitis, MarketWatch. Kraft soars on Heinz deal. SAN FRANCISCO-- Shares of Red Hat Inc. (RHT) climbed in Wednesday's extended session after the open-source software provider handed in quarterly results that came in ahead of Wall Street's estimates.

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    - Hainan Airlines Co Ltd , China's fourth-largest airline in fleet size, said on Wednesday it plans to order 30 Boeing Co (BA) 787-9 airplanes, valued at $7.7 billion at list prices. The order would boost Boeing's (BA) 787 program backlog to 855 planes, and represents the biggest order this year for the jet.

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    Shares of Red Hat Inc. (RHT) rose in after-hours Wednesday after the Raleigh, N.C.-based tech company reported fourth-quarter results that topped Wall Street expectations. Red Hat (RHT) also announced a $500 million stock buyback program. The company said it earned $48 million in the quarter, or 26 cents a share, compared with $45 million, or 24 cents a share in the year ago quarter.

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    By Mike De Souza. Canada's energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp (TRP) , according to documents reviewed by Reuters. The regulator, the National Energy Board, and the company confirmed an investigation is under way but offered few details of the allegations.

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    Ford Motor Co. (F) shares are down 2.08% to $16.22 in afternoon trading on Wednesday after the automaker announced a recall of 221,000 North American trucks and SUV's mostly in the U.S.The recall affects recent models of the company's ambulance, police and emergency vehicles though Ford says that while there have been no reports of accidents or injuries due to the recall issues that there have been...

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    Shares of SandRidge Energy   are up 3.85% to $1.75 in late afternoon trading Wednesday, after WTI crude settled up 3.6% to $49.21 a barrel on a weaker dollar today, according to Reuters. U.S. durable goods orders data for last month was disappointing, weakening the U.S. dollar. Plus, the fighting in Yemen raised worries about the security of oil shipments from the Middle East, Reuters noted.

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    Shares of Noble Corp. (NE)  are rising, up 5.78% to $14.91 in afternoon trading Wednesday, after WTI crude ended the day higher by 3.6% to $49.21 a barrel on a weaker dollar, according to Reuters. U.S. durable goods orders data for February was worse than expected, weakening the U.S. dollar.

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    Shares of PVH Corp  are up 1.23% to $104.85 in afternoon trading Wednesday, ahead of the fashion company's fourth quarter earnings results, expected to be released after the market closes today. Wall Street analysts are expecting earnings of $1.73 per share for the fourth quarter, up from the $1.43 per share PVH reported in the year prior.

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    PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

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    PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

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    The 35% surge in Kraft Foods Group Inc.' s stock, following news of its, is lifting the tide for the shares of other food companies early Wednesday. The stock of Mondelez International (MDLZ), which brands include Oreo, Nabisco and Trident, rallied 2.3% in premarket trade. That could be making Warren Buffett's Berkshire Hathaway (BRK/A), which owned 578,000 Mondelez (MDLZ) shares as of Dec. 31, about $462,400, in addition to the more than $4 million he's making on his.