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  • Oil hammered on all sides but $10 unlikely: Yergin Wednesday, 13 Jan 2016 | 2:41 AM ET
    A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016.

    Oil is being slammed by a severe erosion in market confidence caused by the weak global environment, according to a top energy expert.

  • The business sells life insurance and other financial products across the United States, generating at least one fifth of MetLife earnings. Last January, the insurer asked a U.S. District Court to throw out the designation. MetLife's Chief Executive Steven Kandarian said in a statement on Tuesday the lagging retail section "risks higher capital requirements...

  • The company's shares rose 8 percent to $45.06 in after-market trading on Tuesday. Retail is part of a Systemically Important Financial Institution and risks higher capital requirements that could put it at a significant competitive disadvantage, "Chief Executive Steven Kandarian said in a statement. The new company, which will be led by executive vice...

  • The index was last up 0.2 percent, while shares of Exxon Mobil were up 1.6 percent at $74.88 and Chevron was up 1 percent at $81.61. "We managed to successfully close above it and that's bringing in some buying... from a very oversold condition," said Peter Cardillo, chief market economist at First Standard Financial in New York. Apple was up 1.2 percent at $99.75, while...

  • NEW YORK, Jan 11- Shares of WidsomTree Investments tumbled Monday after Goldman Sachs cut its rating and price target on the stock, putting the sponsor of exchange-traded funds on pace for its longest losing streak ever and casting doubt on its ability to recover quickly. On Monday Goldman lowered its rating to "sell" and cut its price target to $14.50 from $22 per...

  • *China stocks tumble 5 pct. NEW YORK, Jan 11- Global stock indexes fell on Monday, continuing a brutal start to 2016, as China's market tumbled again and the decline in oil prices worsened. Fears over China's economy contributed to last week's declines, and the main Shanghai stock indexes each ended down more than 5 percent on Monday.

  • European shares slip as worries over China linger Monday, 11 Jan 2016 | 3:19 AM ET

    LONDON, Jan 11- European shares inched down towards their lowest level in more than three months on Monday as doubts grew about Beijing's ability to manage the world's second-biggest economy. Britain's FTSE 100 declined 0.4 percent while Germany's DAX weakened by 0.3 percent. China let its yuan currency strengthen for a second straight session on Monday, in a...

  • Olam takes bigger bite into Nigerian wheat Monday, 11 Jan 2016 | 2:14 AM ET

    Olam is expanding its footprint in Africa with the $275 million purchase of BUA Group's wheat milling and pasta making assets.

  • The chairman of embattled commodities trader Noble Group bought 10 million shares in the company on Friday.

  • No happy new year for Noble as S&P cuts it to junk Thursday, 7 Jan 2016 | 8:19 PM ET

    Commodities trader Noble has started the year with another credit rating cut, after Standards and Poor’s downgraded it to junk status.

  • SINGAPORE, Jan 8- Shares in Noble Group Ltd fell as much as 10 percent on Friday to their lowest levels since late 2008 after Standard& Poor's downgraded the credit rating of Asia's biggest commodity trader to junk, intensifying worries about the company's funding plans. S&P's downgrade came a week after a similar cut by Moody's Investors Service.

  • Jan 7- Department store operator J.C. Penney Co Inc said same-store sales surged during the holiday shopping months of November and December, spurring shares of retailers on a day global stock markets dropped on concerns over the Chinese economy. Same-store sales rose 3.9 percent in the last two months of the year due to higher online sales and strong demand for...

  • #Asharescircuitbreaker: Chinese vent on market misery Thursday, 7 Jan 2016 | 12:45 AM ET
    Men look an electronic board showing stock information at a brokerage house in Beijing, China, January 5, 2016.

    After the shortest trading day in China’s stock trading history, Weibo users mocked and moaned about the market's circuit breaker.

  • UPDATE 1-Apple paid CEO Tim Cook $10.3 mln in 2015 Wednesday, 6 Jan 2016 | 8:31 PM ET

    Jan 6- Apple Inc Chief Executive Tim Cook's compensation rose 11.5 percent to $10.3 million in 2015, the company said on Wednesday, a year when its sales grew 28 percent and profits by 35 percent but its shares fell for the first time since 2008.. Chief Financial Officer Luca Maestri's annual compensation rose about 81 percent to $25.3 million in 2015. In fact,...

  • Jan 6- U.S. stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices. Shares of Apple briefly dipped below $100 for the first time since Aug. 24 and the stock was the biggest drag on both the S&P 500 and Nasdaq. Weak data from China triggered...

  • Jan 6- ChemoCentryx Inc's experimental drug was found to be as effective as standard-of-care in treating a rare autoimmune disease, but shares fell after the latest data raised doubts about the success of a late-stage study. "The small trial size and its design limits the confidence of the late-stage study being successful," Cowen and Co analyst Eric Schmidt, who...

  • Jan 6- Netflix Inc launched operations in India on Wednesday, with plans starting at 500 rupees per month, as the U.S.-based video streaming company pushes ahead with its global expansion plans. The company's shares were up 5.5 percent at $113.60 in early afternoon trading. The company will also offer two other plans priced at 650 rupees and 800 rupees, it...

  • Jan 5- Valeant Pharmaceuticals International Inc is planning to appoint a new CEO as Chief Executive Michael Pearson remains hospitalized, the Wall Street Journal said, citing people familiar with the matter. Valeant's U.S.-listed shares were down about 6.6 percent at $94.24 in extended trading on Tuesday. Potential new chief executive candidates include...

  • Shares of Apple suppliers Skyworks Solutions, Qorvo Inc and Cirrus Logic, among others, also fell following the report. Other companies affected include Sony Corp, which makes image sensors used in iPhones, and electronic parts makers TDK Corp, Alps Electric Co Ltd and Kyocera Corp, the paper reported. LCD panel manufacturers Japan Display Inc, Sharp Corp and LG...

  • Spirit Airlines appoints new CEO; shares soar Tuesday, 5 Jan 2016 | 11:27 AM ET

    Jan 5- Spirit Airlines Inc on Tuesday named board member Robert Fornaro as chief executive officer, sending its shares up nearly 7 percent. However, recent moves by larger rivals Delta Air Lines Inc and American Airlines Group Inc to match those low prices have hurt unit revenue and pushed Spirit's stock down 46 percent last year. Fornaro headed AirTran for...