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  • NEW YORK, Nov 17- The U.S. dollar gained against the euro and a basket of currencies on Monday after European Central Bank officials spoke of possible further actions to boost the region's struggling economy and Japan unexpectedly slipped into recession. "It tells you the intensity of the carry trade, central banks are trying to force people out of their currency,"...

  • Nov 17- Botox maker Allergan Inc on Monday accepted a $66 billion takeover bid from Actavis Plc, ending a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International Inc.. Besides the higher price tag, the Actavis deal came with only $400 million in R&D cuts for Allergan, far less than the $900 million decrease...

  • TORONTO, Nov 17- The Canadian province of Ontario said on Monday it continues to project a deficit of C $12.5 billion in fiscal 2014-15, with a balanced budget expected in 2017-18, unchanged from the forecasts in the Liberal government's July budget. In his fall fiscal update, Finance Minister Charles Sousa said there are signs economic growth in the province...

  • Losing Allergan deals blow to Valeant reputation Monday, 17 Nov 2014 | 1:25 PM ET

    WINNIPEG/ NEW YORK Nov 17- The failure of Valeant Pharmaceuticals International Inc to buy Allergan Inc leaves it with nothing to show for a seven-month, bruising pursuit. Losing Allergan to Actavis PLC also hurts Valeant's deal-making reputation, said a source close to the company not authorized to speak publicly. Allergan's rebuff will embolden future...

  • Nov 17- Allergan Inc agreed to be bought by Actavis Plc for $66 billion, putting an end to a hostile bid by activist investor William Ackman and Valeant Pharmaceuticals International Inc.. The offer values Allergan at $219 per share and is $6 billion more than the price Valeant had last offered to pay. Allergan shares rose 6.6 percent to $211, earning Ackman a...

  • FOREX-Yen steadies against dollar after GDP shock Monday, 17 Nov 2014 | 9:41 AM ET

    NEW YORK, Nov 17- The Japanese yen steadied against the U.S. dollar on Monday, coming off seven-year lows after Japan's economy unexpectedly slipped into recession in the third quarter. Japan's economic shock sets the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.

  • Nov 17- Valeant Pharmaceuticals International Inc Chief Executive Michael Pearson said on Monday that the company can't justify matching Actavis Plc's $219 per share bid for Allergan Inc..

  • Keystone XL work already completed in Oklahoma Sunday, 16 Nov 2014 | 12:02 PM ET

    The current debate in Congress is centered on the proposed northern leg, which would run from Hardesty in Alberta, Canada, through Montana and South Dakota to Steele City, Nebraska. The Gulf Coast segment of the project began carrying oil earlier this year from the northern Oklahoma town of Cushing to refineries in the Gulf Coast. "The Gulf Coast segment helps...

  • *Statoil is test case via exploration in Canada fields. OSLO, Nov 16- Norway's Statoil risks millions of dollars in extra costs in Canada- a test case that could spell problems for other oil firms too as coastal states extend their seabed territories far into resource-rich ocean depths. The rules- articles of the U.N. Convention on the Law of the Sea- have thus far been...

  • DIARY - Top economic Events to Nov 27 Friday, 14 Nov 2014 | 7:01 PM ET

    BRUSSELS- ECB President Mario Draghi will be at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome and opening remarks before the "Annual Agriculture Conference: Farm Income's Impact on the Midwest" at the...

  • NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the third quarter, bolstering the confidence of bullion investors at a time when an improving U.S. economic outlook pummeled gold prices. Legendary investor George Soros, however, has sharply cut his stake in Barrick Gold Corp...

  • Canadian CEO pays $22 million in Alabama case Friday, 14 Nov 2014 | 5:32 PM ET

    TUSCUMBIA, Ala.— Alabama officials dropped securities fraud charges against the chief executive of National Steel Car on Friday in return for the Canadian businessman paying a $22 million settlement. State officials and Gregory Aziz completed the agreement Friday in Tuscumbia and Aziz was allowed to return to his home in Hamilton, Ontario, after spending...

  • NEW YORK, Nov 14- The dollar gave up strong early gains and turned lower on Friday after the battered euro pivoted to price gains amid reports of short-covering in the common currency and a drop in U.S. bond yields. "We have a fairly well-developed upward trend in the U.S. dollar," said Camilla Sutton, chief currency strategist at Scotiabank in Toronto.

  • CALGARY, Alberta, Nov 14- Kinder Morgan Energy Partners LP said on Friday it would resume preliminary work on its Trans Mountain pipeline after a British Columbia court granted an injunction against protesters blocking work crews in the Vancouver suburb of Burnaby. Kinder Morgan hopes to triple the size of its 300,000- barrel-per-day Trans Mountain...

  • Recalls this week: whistles, water heaters, fans Friday, 14 Nov 2014 | 3:29 PM ET

    More than 2 million Hello Kitty whistles distributed with McDonald's meals have been recalled because they pose a choking hazard to young children. Other recalled consumer products this week include misting fans with bad wiring and water heaters that can cause a fire. DETAILS: Hello Kitty Birthday Lollipop Whistles distributed exclusively at McDonald's...

  • WASHINGTON, Nov 14- U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. Retail sales, which account for about one-third of consumer spending, rose 0.3 percent in October, the Commerce Department said. "numbers bode well for the crucial holiday shopping...

  • NEW YORK, Nov 14- The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data and a slide in the yen to seven-year lows against the dollar on bets Japanese Prime Minister Shinzo Abe will call early elections and delay a sales tax increase. The euro also fell against the dollar and briefly dipped below $1.24, at $1.2399, despite...

  • Nov 14- Pinnacle Foods Inc said it would buy plant-based protein food maker Garden Protein International Inc for C $175 million from founder Yves Potvin and private equity firm TSG Consumer Partners LLC. Hillshire Brands Co in June withdrew its recommendation to its shareholders to vote for a $6.6 billion acquisition of Pinnacle Foods, following Tyson Foods...

  • WASHINGTON, Nov 14- U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. U.S. retail sales rose a higher-than-expected 0.5 percent last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the...

  • Nov 14- Pinnacle Foods Inc said it would buy privately held Canadian plant-based protein food maker Garden Protein International Inc for C $175 million. Pinnacle said the deal, which would include a plant in Vancouver and nearly 250 employees, is expected to close on Friday. The company will fund the buyout with cash in hand.