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UPDATE 2-Rio Tinto ditches boom time payout policy as profit plunges

*2015 underlying earnings down 51 pct to $4.54 bln. MELBOURNE/ SYDNEY, Feb 11- Rio Tinto scrapped its generous payout policy in the face of a bleak outlook for the global economy after it slumped to a net loss for 2015 and posted its worst underlying earnings in 11 years. The macro outlook remains challenging, "Chief Executive Sam Walsh told reporters.
Source: Reuters | By: Sonali Paul and James Regan
UPDATE 2-Mylan to buy Swedish drugmaker Meda in $7.2 bln deal

*Deal valued at $9.9 bln, including debt. Feb 10- Generic drugmaker Mylan NV said it would buy Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company. Chief Executive Heather Bresch said on a conference call that the company was looking at doing more M&A deals.
Source: Reuters | By: Natalie Grover
Thai government's $7 bln efforts to help rural economy fall flat

BANGKOK, Feb 11- Billions of dollars in government spending aimed at revitalising Thailand's ailing rural economy have failed to reach farmers hit by weak commodity prices and drought, fuelling disaffection with the military government ahead of elections expected next year. Over the past five months the government has announced measures worth around 258...
Source: Reuters | By: Patpicha Tanakasempipat and Orathai Sriring
UPDATE 5-IMF secures reform commitment from Ukraine after bailout warning

*Lagarde: Ukraine's president expresses reform commitment. *Kiev promised reforms under $17.5 bln IMF bailout. WASHINGTON/ KIEV, Feb 10- Ukraine's president on Thursday told the International Monetary Fund he was committed to pursuing reforms to keep Kiev's $17.5 billion IMF bailout on track, after a sharp warning from the lender that the funds were at risk.
Source: Reuters | By: Tim Ahmann and Alessandra Prentice
UPDATE 1-Pentagon expects to reach $15 bln F-35 deal with Lockheed in March

WASHINGTON, Feb 10- The Pentagon on Wednesday said it expects to reach agreement with Lockheed Martin Corp in March on contracts for the next two batches of F-35 fighter jets, orders worth about a combined $15 billion that will lower the cost of each warplane to below $100 million. Air Force Lieutenant General Chris Bogdan, who runs the F-35 program for the...
Source: Reuters | By: Andrea Shalal
Amazon to buy back $5 bln of shares

Feb 10- Amazon.com Inc, the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program. The buyback replaces the $2 billion repurchase program approved in 2010. The company had $763 million remaining under the previous plan.
Source: Reuters
UPDATE 1-Mylan to buy Swedish drugmaker Meda in 9.9 bln deal

Feb 10- Generic drugmaker Mylan NV said it would buy Sweden's Meda AB in a deal valued at $9.9 billion, including debt. Net income attributable to shareholders rose to $194.6 million, or 38 cents per share, from $192.8 million, or 47 cents per share. On a per-share basis, profit fell to 38 cents per share from 47 cents per share a year earlier due to an increase in the...
Source: Reuters
UPDATE 1-Cisco beats profit estimates, adds $15 bln to buyback

Feb 10- Network equipment maker Cisco Systems Inc reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added $15 billion to its share buyback program. Cisco boosted its current share buyback plan of $97 billion, of which $16.9 billion was remaining, by $15 billion. Net income rose to $3.1 billion, or...
Source: Reuters
Cisco posts 2 pct rise in revenue, adds $15 bln to buyback

Feb 10- Network equipment maker Cisco Systems Inc reported a 2 percent increase in quarterly revenue, and said it would add $15 billion to its share buyback program. Net income rose to $3.1 billion, or 62 cents per share, in the second quarter ended Jan 23, from $2.40 billion, or 46 cents per share, a year earlier. Revenue rose to $11.8 billion from $11.6 billion,...
Source: Reuters
U.S. government posts $55 bln budget surplus in January

WASHINGTON, Feb 10- The U.S. government posted a $55 billion budget surplus in January, up from an $18 billion deficit in the same month a year ago, the Treasury Department said on Wednesday. Receipts last month totaled $314 billion, while outlays stood at $258 billion. Accounting for those adjustments, the January surplus was $15 billion, compared to an adjusted $2...
Source: Reuters