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  • Goldman names two new board members Friday, 19 Dec 2014 | 11:54 AM ET

    Dec 19- Goldman Sachs Group Inc said it added two independent directors, raising the number of board members to 14.. The appointments of Mark Flaherty, 55, and Mark Winkelman, 68, was effective from Thursday. Winkelman, a former co-head of Goldman's fixed-income division, retired from the bank in 1994. He currently serves on the board of brewer Anheuser-Busch...

  • SAN FRANCISCO, Dec 18- Uber argued Thursday that it should not have to turn over ride data in a California regulatory standoff that shows how the transportation service is falling afoul of officials who could threaten its expansion. The issue, which is being heard in a California administrative court and whose outcome will not be known until next year, pits Uber...

  • SAN FRANCISCO, Dec 18- Uber argued Thursday that it should not have to turn over ride data in a California regulatory standoff that shows how the transportation service is falling afoul of officials who could threaten its expansion. The issue, which is being heard in a California administrative court and whose outcome will not be known until next year, pits Uber...

  • Uber suspends operations in Portland for 3 months Thursday, 18 Dec 2014 | 7:09 PM ET

    PORTLAND, Ore.— Less than two weeks after the ride-hailing app Uber launched in Portland without officials' approval, the company said it is suspending operations for three months to work out its differences with the city. General manager Brooke Steger wrote in a blog post Thursday that Portland is working to update its regulations for private for-hire...

  • Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation. Rig rates of $25,000- $30,000 per day in the quarter ended Sept. 30, are expected to fall 20-25 percent or more next year and talks over lower rates are already underway, analysts said.

  • Uber driver in Boston charged with kidnapping and rape Thursday, 18 Dec 2014 | 11:39 AM ET

    Dec 18- A driver for ride-sharing company Uber in Boston was charged with the kidnapping and rape of a woman who used the service earlier this month. The driver, Alejandro Done, pleaded not guilty in Cambridge District Court on Wednesday, the Boston Globe reported. Uber has been banned in several cities in India following an alleged rape of a passenger who booked...

  • Canada man finds woman for free trip around world Thursday, 18 Dec 2014 | 7:59 AM ET

    TORONTO— A Toronto man who made headlines last month by offering a free round-the-world air ticket to a woman with the same name as his ex-girlfriend has found Ms. Jordan Axani, 28, and his then girlfriend, named Elizabeth Gallagher, booked heavily discounted round-the-world air tickets in May, but their relationship ended and he didn't want her ticket to go to...

  • UPDATE 1-Uber plans tighter screening for drivers Wednesday, 17 Dec 2014 | 8:39 PM ET

    Dec 18- Online taxi service Uber Technologies Inc, which had a driver was accused of rape in New Delhi, said it was exploring adding new methods to verify drivers' credentials and make its service safer. In the United States, Uber's background-verification process includes checks of court records going back seven years; a multi-state criminal database; and the...

  • TABLE-Reuters U.S. primary dealer poll results Wednesday, 17 Dec 2014 | 6:46 PM ET

    NEW YORK, Dec 17- These are the results of Reuters poll of U.S. primary dealers following the latest Federal Open Market Committee meeting on Wednesday. For the related story click. Primary Dealer When do Will the Where do Where do Would a.

  • NEW YORK, Dec 17- Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday. The Fed last raised interest rates in 2006 and has held its target policy...

  • Uber plans tighter screening for drivers Wednesday, 17 Dec 2014 | 6:17 PM ET

    Dec 18- Online taxi service Uber Technologies Inc, one of whose driver was accused of rape in New Delhi, said it would add new methods to verify drivers' credentials and make its service safer. France, Spain and Thailand have banned some or all Uber services. The company's services have also been in New Delhi following the rape allegation.

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • Novartis sues India's Cipla over respiratory drug Onbrez Wednesday, 17 Dec 2014 | 8:22 AM ET

    MUMBAI, Dec 17- Swiss drugmaker Novartis AG said on Wednesday it had sued India's Cipla Ltd for infringing patents covering its respiratory drug Onbrez, a month after Cipla launched a copy at a fifth of the original drug's price. Cipla, India's fourth-largest drugmaker by revenue, launched its copy of Onbrez in New Delhi in October, citing urgent unmet need for the...

  • Currency and stock markets in Asia generally firmed on Wednesday after a two-day sell-off that saw Indonesia's rupiah drop to its weakest level since the Asian currency crisis in 1998 and Thailand's main stock index register its biggest intraday loss since October 2008. Bank Indonesia said it had sold dollars to support the rupiah on Tuesday, and traders...

  • Dec 17- Convenience-store chain The Pantry Inc has hired an investment bank to sell itself through an auction, the Wall Street Journal reported, citing people familiar with the matter. Using a typical takeover premium, an acquisition of the company could value it at more than $850 million, the newspaper reported. The Pantry, which does business primarily under...

  • BEIJING/ SHANGHAI, Dec 17- Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.. "You have to do things differently in order to succeed here in China," Uber Chief Executive Travis...

  • Cash-strapped Indian airline SpiceJet grounded Wednesday, 17 Dec 2014 | 2:28 AM ET

    NEW DELHI— Low-cost Indian airline SpiceJet grounded all flights Wednesday after oil companies stopped supplies of jet fuel to the financially beleaguered carrier. India's civil aviation ministry Tuesday asked state-owned oil companies and airport operators to extend credit to SpiceJet for 15 days to prevent the airline from shutting down.

  • BEIJING, Dec 17- Chinese Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transportation markets. Baidu is the latest big-name investor, joining the likes of Goldman Sachs and Google Inc, to place a bet on the fast-growing transportation...

  • NEW DELHI, Dec 17- Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/ INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/ INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the...