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  • *Second big deal for Coty in three months. Nov 2- Coty Inc will buy the personal care and beauty business of Brazil's Hypermarcas SA for about $1 billion, beefing up its distribution in a fast-growing market ahead of the completion of a similar deal with Procter& Gamble. Shares of Coty, which will become the world's No. 3 make-up provider behind L'Oreal SA and Estee...

  • NEW YORK, Nov 2- Short-selling research firm Citron Research said in a report on Monday it will not be releasing new allegations against Canadian drugmaker Valeant Pharmaceuticals International Inc but will continue to investigate and report "the vast spectrum of claims now piling up" against the company. Citron is overseen by Left, who likened Valeant to...

  • BOSTON, Nov 2- Daniel Loeb's Third Point hedge fund now holds more bets on stock price declines than gains, the billionaire told investors in a letter seen by Reuters on Monday, making him one of the first hedge fund managers to outline a new strategy following a turbulent third quarter. The biggest losers during the quarter include SunEdison, Dow Chemical Co.,...

  • Nov 1- In a trial starting on Monday, Morgan Stanley will confront a Russian billionaire's claims that it illegally short-sold a company based on inside information at the height of the financial crisis. Veleron claims Morgan Stanley obtained inside information through a relationship it had with the company's lender. That information was forwarded from...

  • Oct 30- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a third quarter loss due to after-tax impairment charges of C $3.8 billion on Friday and forecast a gloomy long-term outlook for oil and gas prices. Husky, controlled by Hong Kong billionaire Li Ka- shing, said that in addition to the impairment charges it wrote down C $167 million against...

  • Oct 30- Fresh& Easy filed its second bankruptcy in two years on Friday after billionaire Ron Burkle was unable to turn around the West Coast grocery chain, which is in the process of closing down. British grocer Tesco Plc launched Fresh& Easy in 2006 with many industry analysts expecting the deep-pocketed company to challenge the dominance of Wal-Mart Stores Inc.

  • Oct 29- American International Group Inc directors are discussing a spinoff or sale of the company's small mortgage-insurance business as it faces new pressure from shareholders to break itself apart, the Wall Street Journal reported, citing people familiar with the matter. Billionaire investor Carl Icahn published a letter on Wednesday advising CEO...

  • Oct 29- Pfizer Inc, the No. 1 U.S. drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would seek to avoid U.S. taxes sounded political alarm bells. Both New York- based Pfizer and Dublin- based Allergan said no agreement has been reached and declined to discuss any terms of the...

  • Oct 29- A U.S. appeals court on Thursday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what federal prosecutors called a $7.2 billion Ponzi scheme. The 5th U.S. Circuit Court of Appeals in New Orleans turned aside 10 arguments raised by Stanford. Prosecutors said he ran a two-decade...

  • PARIS/ MILAN, Oct 29- French tycoon Xavier Niel has built up the equivalent of a 11.2 percent voting stake in Telecom Italia, setting up a potential power struggle with largest shareholder Vivendi over the carrier's future. Niel, founder of low-cost French mobile operator Iliad, arrives at Telecom Italia just as French media group Vivendi, led by shareholder and...

  • PARIS/ MILAN, Oct 29- Xavier Niel, the founder of low-cost French mobile operator Iliad, has bought 6 percent of Telecom Italia via a personal investment company and has another 5 percent through derivative contracts, a source with knowledge of the matter said. That cemented Vivendi's role as the biggest shareholder in the indebted company, as well as making...

  • BOULDER, Colo., Oct 28- Republican presidential candidate Jeb Bush suggested rival Marco Rubio resign his Senate seat on Wednesday at a testy economic debate marked by frequent personal attacks and several heated clashes over tax policy. Rubio, a U.S. senator from Florida, defended his record of missing about one-third of his Senate votes this year while...

  • BOULDER, Colo., Oct 28- Republican presidential candidate Jeb Bush lashed out at rival Marco Rubio in a spirited debate on Wednesday, joining a Florida newspaper in suggesting Rubio should resign his Senate seat given all of his missed votes. Rubio, a U.S. senator from Florida, defended his record of missing about one-third of his Senate votes this year while...

  • BOULDER, Colo., Oct 28- The Republican presidential contenders clashed over tax plans in a debate on Wednesday, with front-runner Ben Carson defending his Bible-inspired proposals and former business executive Carly Fiorina vowing to reduce the complicated tax code to three pages. Fiorina, a former executive at Hewlett-Packard, said she would reduce the tax...

  • BOULDER, Colo., Oct 28- Seasoned politicians trailing Donald Trump and Ben Carson for the Republican nomination in the U.S. presidential election campaign are eager to shift the focus to the economy and policy in Wednesday's debate and expose what they see as weaknesses in the two front-runners. Former Florida Governor Bush, former Hewlett-Packard CEO Carly...

  • Martoma's lawyer told the 2nd U.S. Circuit Court of Appeals in New York that under the ruling, a doctor who prosecutors say provided information about a drug trial's outcome could not be found to have done so for an illegal quid pro quo. But Arlo Devlin-Brown, a prosecutor, said evidence showed Martoma paid the doctor, Sidney Gilman, $70,000 to get the tip, which...

  • BOULDER, Colo., Oct 28- Seasoned U.S. politicians trailing Donald Trump and Ben Carson for the Republican presidential nomination are eager to shift the campaign focus to the economy and policy in Wednesday's debate and expose what they see as weaknesses in the two front-runners. Former Florida Governor Bush, former Hewlett-Packard CEO Carly Fiorina, Ohio...

  • Japan favours hydrogen fuel-cell to power homes, cars. TOKYO/ DETROIT, Oct 28- Asia's two autos powerhouses, Japan and China, are jostling for supremacy in how future electric cars should generate their power- from batteries or hydrogen-powered fuel-cells. "We're reaching a crossroads," says James Chao, Shanghai- based Asia-Pacific managing director for industry...

  • BOULDER, Colo., Oct 27- Seasoned U.S. politicians trailing Donald Trump and Ben Carson for the Republican presidential nomination are eager to shift the campaign focus to the economy and policy in Wednesday's debate and expose what they see as weaknesses in the two front-runners. Former Florida Governor Bush, former Hewlett-Packard CEO Carly Fiorina, Ohio...

  • SAO PAULO, Oct 27- Telecom Italia SpA and Oi SA on Tuesday urged Brazil's government to revamp telecommunications industry rules before the companies would consider a merger, a sign that consolidation hinges on a more flexible regulation of carriers. The easing of mandatory investments in fixed-line telephony and other rules would determine whether...