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U.S. industry shows some vigor, but housing soft

WASHINGTON - U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.

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After years of downsizing, refining still matters for majors

LONDON - When U.S. firm ConocoPhillips spun off its refining assets in 2011 to focus on more profitable oil production, it seemed only a matter of time before one of the oil majors followed suit.

11:58am EDT

Exclusive - Bahrain's Ahli United Bank considers sale or merger: sources

LONDON - Ahli United Bank (AUB) , Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a potential $5 billion deal, several bankers familiar with the situation said.

Euro strength here to stay, unless ECB steps in

LONDON/FRANKFURT - Many of the factors driving the euro exchange rate to levels that have set off alarm bells at the European Central Bank are unlikely to go away on their own, part of the reason the bank has been threatening action.

10:58am EDT

Sodastream in talks to sell up to 16 percent stake: report

- At-home soda maker Sodastream International is in early talks to sell a stake of up to 16 percent to a strategic entity, Israeli financial news daily Calcalist reported on its website.

10:38am EDT

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