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  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK— A federal appeals court agreed on Thursday to rehear the appeal of the insider-trading conviction of a former board member for Goldman Sachs and Proctor& Gamble. The 2nd U.S. Circuit Court of Appeals in Manhattan said in a one-page order that it will rehear the claims of Rajat Gupta. "We are pleased with the court's ruling and believe we have meritorious...

  • *Founder Del Vecchio takes helm as executive chairman. But Leonardo Del Vecchio's return to the helm of Italy's Luxottica, owner of Ray Ban and Oakley sunglasses, at the age of 80 and insistence none of his six children should carry the burden of such a big firm beg the question of who might fit the bill. Positions are not being filled, two of the sources said,...

  • MADRID, Feb 4- Mexican billionaire Carlos Slim is set to launch a full takeover bid for Spanish building and infrastructures firm FCC after a planned rights issue due to be approved soon, a source familiar with the matter said. Slim's holding company Inversora Carso group, is currently FCC's main shareholder with a 27.43 percent stake, closely followed by Esther...

  • Feb 4- Viacom Inc Chief Executive Philippe Dauman is expected to take over the role of executive chairman from Sumner Redstone, CNBC tweeted, citing sources. Dauman will take over the role despite objections from Redstone's daughter and Vice Chairman Shari Redstone, CNBC tweeted. Shari Redstone, 60, had said that both companies needed an "independent voice" as...

  • NEW YORK/ LOS ANGELES, Feb 3- Viacom's board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not apparent who would get his job at Viacom as Redstone's daughter made clear she did not want CEO Philippe Dauman to succeed her father. Redstone, 92 and in poor health,...

  • Shares of CBS were up 4.6 percent after the bell, while those of Viacom Inc, where Redstone is also chairman, rose 7.9 percent. CBS said Redstone would be replaced by Leslie Moonves, its president and chief executive since 2006.. Redstone's resignation as executive chairman was effective Feb. 2, CBS said.

  • CBS shares were up 3.6 percent in after-market trading, while those of Viacom Inc, where Redstone is also chairman, rose 6.3 percent. CBS said Redstone would be replaced by Leslie Moonves, the president and chief executive officer of the company. But he will stay on as chairman emeritus at CBS.

  • Sumner Redstone resigns as CBS executive chairman Wednesday, 3 Feb 2016 | 4:15 PM ET

    Feb 3- CBS Corp said on Wednesday Sumner Redstone had resigned as executive chairman, a move that comes amid heightened questions about the billionaire's physical and mental health. He will be replaced by Leslie Moonves, the president and chief executive officer of CBS, the company said. Redstone's resignation was effective Feb. 2.

  • Rubio could see campaign fortunes rise from Iowa finish Wednesday, 3 Feb 2016 | 3:15 AM ET

    WASHINGTON— Marco Rubio's strong third-place finish in Iowa could sound like a starting gun to the Republican Party's top donors. Rubio, a 44- year-old Florida senator, came within striking distance of Trump's second place in Iowa, a surprising result given the celebrity businessman's dominance in polls. Rubio moves on to New Hampshire, which weighs in Tuesday,...

  • Super political action committees, or super PACs, helping White House hopefuls like Marco Rubio and Hillary Clinton received big checks recently from obscure corporations or from nonprofits that don't have to disclose their donors' names. A super PAC backing Rubio, a Republican senator from Florida, benefited from companies with spectral names like " IGX LLC"...

  • BUENOS AIRES/ ROME, Feb 2- Argentina has reached a deal to pay $1.35 billion in cash to a group of Italian creditors who hold unpaid sovereign debt stemming from the South American country's record default in 2002, the investors said on Tuesday. The deal, which is subject to approval in Argentina's Congress, represents a payment of 150 percent on the $900 million...

  • BUENOS AIRES, Feb 2- Argentina has reached a preliminary deal with a group of Italian creditors who hold unpaid sovereign debt stemming from Argentina's record $100 billion default in 2002, Finance Minister Alfonso Prat-Gay said on Tuesday. On Monday evening, Daniel Pollock, the New York- based mediator in the debt talks said the unresolved claims totaled...

  • The median share price forecast of 31 analysts who raised price targets after Alphabet reported strong results on Monday was $924, suggesting that the company formerly known as Google could be valued at $628 billion in the next 12 months. A look at the most bullish price targets on the companies' shares shows that Alphabet is expected to be valued at $734 billion...

  • Alphabet overtakes Apple in market value - for now Tuesday, 2 Feb 2016 | 9:06 AM ET

    The median share price forecast of 30 analysts who raised price targets after Alphabet reported strong results on Monday was $920, suggesting that the company formerly known as Google could be valued at $625 billion in the next 12 months. A look at the most bullish price targets on the companies' shares shows that Alphabet is expected to be valued at $734 billion...

  • Oil struggled to steady, having fallen as much as 7 percent on Monday, and the glum macro mood sweeping back though markets saw European shares follow Asia deep into the red. Britain's FTSE 100, Germany's DAX and France's CAC 40 were down 1.4-1.7 percent as BP's biggest loss in 20 years and plans to cut thousands more jobs dovetailed with rating cuts by S&P for...

  • Cruz's Iowa victory could be big blow to Big Corn Monday, 1 Feb 2016 | 11:40 PM ET

    Republican presidential candidate Ted Cruz's victory on Monday in corn-rich Iowa could represent a major blow to the nation's controversial biofuels program, reflecting its waning influence over politicians even in the U.S. farm heartland. The conservative senator from Texas and outspoken opponent of the Renewable Fuel Standard, or RFS, upset Republican...

  • Rival donors back these two GOP hopefuls Monday, 1 Feb 2016 | 8:22 AM ET
    Marco Rubio, Donald Trump, Ted Cruz

    The steady rise of Ted Cruz has unleashed a new counter-establishment of conservative donors, campaign finance reports show. The NYT reports.

  • Del Vecchio is well regarded and credited with turning Luxottica into a global player by buying coveted brands such as Ray Ban sunglasses. The company has been dogged by concerns over management stability over the past year and a half following the departure of long-standing CEO Andrea Guerra following a rift with Del Vecchio. His successor, Enrico Cavatorta...