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  • 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...

  • CONAKRY, Oct 26- Guinean President Alpha Conde's emphatic reelection appears to have subdued a combative opposition but a lingering Ebola outbreak and a slump in metals prices are dogging his plan to revive the West African state's economy. At least 60 people died in protests in Africa's largest exporter of bauxite, the raw material for aluminium.

  • TORONTO/ NEW YORK, Oct 22- Valeant Pharmaceuticals International Inc moved to reassure investors on Thursday after being accused of using specialty pharmacies to inflate revenue, and said it would refute them in detail on a conference call with investors. Valeant said at least 10 of its executives and board members would participate in a call on Monday,...

  • TORONTO, Oct 22- A Canadian securities regulator said on Thursday that recent allegations against Valeant Pharmaceuticals International's use of specialty pharmacies to inflate revenue are "worrying," adding to growing investor concerns over the company's prospects. The declines have chopped $16 billion from the company's market capitalization in the...

  • LONDON, Oct 22- The world's biggest oil traders are sitting on a war chest worth billions of dollars, but are reluctant to embark on a spending spree, because the pool of available assets is either too pricey or simply not for sale. Mercuria sold a 51 percent stake in Henry Bath, one of the world's oldest metals storage firms that it acquired through its purchase of...

  • TORONTO, Oct 22- U.S. miner and oil producer Freeport-McMoRan, under pressure from activist investor Carl Icahn and falling prices, said on Thursday it will further cut copper and molybdenum output as it posted a bigger-than-expected quarterly loss. The Phoenix- based company said it remains confident in the longer-term outlook for copper prices, but will...

  • TORONTO, Oct 22- U.S. miner and oil producer Freeport-McMoRan, under pressure from activist investor Carl Icahn and falling commodity prices, said it would further cut copper and molybdenum output as it posted a bigger than expected quarterly loss on Thursday. The Phoenix- based company said it is cutting operating rates at its Sierrita mine in Arizona by 50...