Market News Headlines

BRIEF-U.S. auto industry annualized sales rate in February was 16.23 mln vehicles - Autodata

DETROIT, March 3 - : * U.S. auto industry annualized sales rate in February was 16.23 million

Stocks, Markets 2:55pm EST

UPDATE 1-Oil hedge helps Oando prepay debt after ConocoPhillips' deal

LAGOS, March 3 - Nigerian energy company Oando Plc has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company said on Tuesday.

Stocks, M&A, Bonds, Markets 2:54pm EST

UPDATE 1-Morgan Stanley realigns wealth management -memo

NEW YORK, March 3 - Morgan Stanley, the biggest U.S. brokerage firm with more than 16,000 financial advisers, elevated Sara Furber to a new position as head of corporate and institutional wealth management and wealth management strategy, the company said in an internal memo on Tuesday.

UPDATE 1-Telecoms firm BCE to shift pension fund longevity risk to Sun Life

TORONTO, March 3 - Telecommunications provider BCE Inc has reached a deal to transfer the longevity risk for C$5 billion ($4.01 billion) of pension plan liabilities to insurer Sun Life Financial Inc, the companies said on Tuesday.

First ship to load soy at Brazil's Tegram terminal bound for China

SAO PAULO, March 3 - The first ship to load soybeans from the new Tegram terminal in the northeastern port of Ponta Madeira in Sao Luis, Brazil, will berth on March 10, local shipping agents Cargonave said on Tuesday.

Stocks, Markets 2:51pm EST

FAA wants to speed approval process for commercial drones

WASHINGTON, March 3 - The Federal Aviation Administration is seeking ways to speed up the approval process for commercial drone operations, but its efforts have been hindered by its lack of authority to review multiple applications on a group basis, the FAA chief said on Tuesday.

Trades in Immunovaccine shares to be undone after hoax spurs 30 pct jump

TORONTO, March 3 - Canada's stock market regulator said on Tuesday it will amend or cancel trades in the shares of tiny pharmaceutical company Immunovaccine Inc after they surged on Friday following a hoax.

US STOCKS-Wall St falls from latest records after soft auto sales

NEW YORK, March 3 - U.S. stocks fell on Tuesday, a day after S&P and Dow hit records and Nasdaq retreated after hitting a 15-year milestone after soft car sales data and Iran commentary worried some investors.

Fast-track trade bill unlikely to come to Congress before April -top senator

WASHINGTON, March 3 - The chairman of the U.S. Senate committee responsible for trade said on Tuesday it is unlikely that a fast-track trade bill will come before lawmakers for consideration before April.

What to Watch in the Day Ahead - Wednesday, Mar. 4

(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) ADP issues the National Employment Report for February. Economists surveyed by Reuters forecast a gain of 220,000 jobs. (0815/1315) Separately, the Institute for Supply Management releases its non-manufacturing index for February. Analysts expect a

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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.