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Timothy Gardner (Adds no comment from companies in paragraph 9) WASHINGTON, Feb 24 (Reuters) - Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters. Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea, and hope to finish it this year. President Joe Biden believes the pipeline is a “bad deal” for Europe. Man...

* G4S recommends vote for Allied’s final offer * Allied offer open for acceptance until March 16 * Says acceptance level lowered to 75% from 90% Feb 23 (Reuters) - British private security group G4S on Tuesday urged shareholders to accept Allied Universal’s 3.8 billion pound ($5.4 billion) final offer after the end of the U.S. bidder’s drawn-out takeover battle with Canada’s GardaWorld. Hostile bidder GardaWorld had called a halt to the contest on Monday by telling the UK’s Takeover Panel it would not increase its December bid of 235 pence per share for the world’s largest private...

* Ends 2020 with $21.6 million in net cash position * Co maintains 2021 production targets * Stock biggest gainer on the FTSE 250 index * Full year core earnings drops 21% Feb 18 (Reuters) - Hochschild Mining on Thursday said a boost from higher metal prices helped it to a net cash position for the first time in eight years, driving its shares up nearly 6% though full-year core earnings dropped on pandemic-driven disruptions. The precious metals miner said its average realised prices for gold rose 28% in 2020 as the coronavirus crisis spurred investors to buy into bullion’s relative safety....

3 Min Read (Corrects size in Jan. 26 story to $5 billion, not $5.5 billion, and clarifies tranche sizes in paragraph 3) DUBAI, Jan 26 (Reuters) - Saudi Arabia launched $5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks to plug a large fiscal deficit. The world’s top oil exporter has taken a severe blow from the pandemic, which, along with an oil price war between Saudi Arabia and Russia last year, sent oil prices tumbling. The kingdom sold $2.75 billion in 12-year bonds at 130 basis points (bps) over 10-year U.S. Treasuries and $...

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants on both sides of the border, with Ford saying several of its assembly plants have been shut.