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UPDATE 3-Obama administration reverses course on Atlantic oil drilling

WASHINGTON, March 15 (Reuters) - The Obama administration reversed course on Tuesday on a proposal to open the southeastern Atlantic coast to drilling as an oil price slump and strong opposition in coastal communities raised doubts about the plan.

UPDATE 2-Brazil's ex-President Lula accepts cabinet post - source

BRASILIA, March 15 (Reuters) - Brazil's former President Luiz Inacio Lula da Silva has decided to accept a position in President Dilma Rousseff's Cabinet, a presidency source said on Tuesday, a move that would offer some protection from an investigation into money laundering.

U.S. House Republicans float controversial budget plan

WASHINGTON, March 15 (Reuters) - U.S. House Republicans on Tuesday insisted they will proceed with a fiscal 2017 budget plan despite a flat-out rejection from their party's fiscal hawks that poses an important test of Speaker Paul Ryan's leadership.

Intelligent MW-Scale Battery Park Under Construction on Azorean Island of Graciosa

Construction is underway on a fully automated 3.2 MWh intelligent battery park on the Azorean island of Graciosa, grid solutions provider Younicos said on March 14.

UPDATE 2-Syrian opposition "not against" direct talks with government

GENEVA, March 15 (Reuters) - Syria's opposition are "not against" direct talks with the Damascus government, Salim al-Muslat, a spokesman for the main Syrian opposition alliance in Geneva said on Tuesday.

India Opens Market for Solar Battery Makers Such as Tesla

India plans for the first time to include energy storage as a requirement when a solar project is tendered this month, opening what could become a significant new market to battery makers such as Tesla Motors Inc., Samsung SDI Co. and Panasonic Corp.

UPDATE 3-Linn Energy says bankruptcy may be "unavoidable"

* Linn falls 20 pct, Energy XXI up 21 pct (New throughout, adds background, details about tax burden)

Brazil's ex-President Lula to accept cabinet post- presidency source

BRASILIA, March 15 (Reuters) - Brazil's former President Luiz Inacio Lula da Silva has accepted a position in President Dilma Rousseff's cabinet, a presidency source said on Tuesday, a move that would offer him some protection from an investigation into money laundering.

CANADA STOCKS-TSX falls as lower oil prices weigh, Valeant tanks

TORONTO, March 15 (Reuters) - Canada's main stock index fell on Tuesday as weaker commodity prices weighed on energy and mining stocks, while the shares of a major drugmaker tanked.

European shares led lower by commodity stocks, gloomy BoJ view

* Galenica shares slump after results (Adds detail, updates prices)

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