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Dollar revved up for jobs data, Nikkei hits a high

SYDNEY - The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying.

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NHTSA could tap unexercised authority to speed Takata recalls

WASHINGTON - U.S. auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata Corp air bags in millions of cars that remain on American roads despite massive recalls initiated by automakers.

05 Mar 2015

AbbVie boosts cancer drug pipeline with $21 billion Pharmacyclics deal

- AbbVie Inc is to buy Pharmacyclics Inc for about $21 billion, giving it access to what is expected to be one of the world's top-selling cancer drugs and expanding its reach in the profitable oncology field. | Video

05 Mar 2015

Exclusive: Commerzbank nears $1.4 billion-plus settlement with U.S. - sources

NEW YORK - Commerzbank AG is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp accounting scandal, according to two people close to the case.

BofA's $8.5 billion mortgage bond settlement wins approval

NEW YORK - A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety.

05 Mar 2015

U.S. banks pass Fed capital test, trading books hurt

WASHINGTON/NEW YORK - All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up. | Video

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