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NEW HAVEN, Conn., Feb 26- A former supervisor of onetime Jefferies Group Inc trader Jesse Litvak, who is on trial on federal fraud charges, testified on Wednesday that traders sometimes used coded language to conceal trades whose prices were not necessarily best for clients.
NEW YORK, Feb 26- U.S. oil rose more than $1 per barrel on Wednesday after government data showed a surprisingly small build in crude oil inventories and another large draw from the American benchmark's delivery point.
REVERE, Mass.-- Voters in Revere approved a resort casino proposal on Tuesday, keeping alive Mohegan Sun's $1.3 billion project and setting the stage for a competition with Wynn Resorts for the sole eastern Massachusetts resort casino license. It was the second casino vote in Revere in recent months.
HEBRON, Conn.-- The polar vortex has some Connecticut maple syrup producers vexed. "Now the 10 day forecast has us frozen out again into next week," Mark Harran, president of the Maple Syrup Producers of Connecticut, said Tuesday.
HARTFORD, Conn.-- A legislative committee wants to delay for a year when Connecticut's insurance marketplace, Access Health CT, could begin negotiating prices with the insurance companies selling products through the exchange.
Treasury sells $32 billion of 2- year notes. NEW YORK, Feb 25- U.S. Insurance companies and pension funds with extended investment horizons were likely buyers of the 30- year Treasuries, according to rate-strategist Boris Rjavinski at UBS in Stamford, Connecticut.
NEW HAVEN, Conn., Feb 25- Jesse Litvak, a former trader at Jefferies Group Inc, made extra commissions and profits by defrauding big Wall Street firms such as JPMorgan Chase& Co and AllianceBernstein Holding LP on bond trades, a U.S. Treasury Department agent testified at Litvak's fraud trial.
*Home Depot and Macy's rally after results. NEW YORK, Feb 25- U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares.
NEW HAVEN, Conn., Feb 25- Jesse Litvak, a former trader at Jefferies Group Inc, made extra commissions and profits by defrauding big Wall Street firms such as JPMorgan Chase& Co and AllianceBernstein Holding LP on bond trades, a U.S. Treasury Department agent said at Litvak's fraud trial.
*Dollar index slides on lower U.S. bond yields. NEW YORK, Feb 25- The dollar fell against a basket of major currencies on Tuesday after soft U.S. consumer confidence data drove bond yields lower, weakening demand for the U.S. currency.
NEW YORK, Feb 24- Brent oil rose on Monday after production outages in Libya and South Sudan curbed exports and tightened global supply.
HUNTSVILLE, Ala., Feb 21- Sikorsky Aircraft, the helicopter unit of United Technologies Corp, on Friday said it would lay off 600 workers beginning in the next few weeks, citing continued "challenging and unstable economic conditions."
NEW YORK, Feb 21- U.S. The market shrugged off a larger-than-expected drop in U.S. existing homes sales, which declined by 5.1 percent in January, the National Association of Realtors reported on Friday. They don't know what to do, "said David Ader, an interest rate strategists at CRT Capital in Stamford, Connecticut.
NEW HAVEN, Conn., Feb 20- A lawyer for Jesse Litvak, on trial on charges he defrauded clients and the United States on bond trades, on Thursday tried to discredit one of the government's main witnesses against the former Jefferies Group Inc banker.
NEW YORK, Feb 20- Earlier this month, Eaton Corp Plc made an announcement that captured little attention: the diversified manufacturer of heavy truck transmissions and residential circuit breakers said it would spend a record $700 million this year on tooling and machinery.
*Jobless claims fall 3,000 in February payrolls survey week. WASHINGTON, Feb 20- The number of Americans filing new claims for unemployment benefits fell last week, pointing to steadily improving labor market conditions, despite two straight months of weak hiring.
NEW YORK, Feb 19- U.S. natural gas futures sprinted past $6 on Wednesday to their highest price in more than five years, ending up nearly 11 percent on forecasts that more late winter cold weather across the United States will increase heating demand and deplete increasingly thin supplies.
NEW HAVEN, Conn., Feb 19- A senior AllianceBernstein Holding LP executive testified on Wednesday that former Jefferies Group Inc banker Jesse Litvak misled him into overpaying for bonds, prompting him to press for an investigation.
Natural gas futures for March delivery settled up 59.8 cents at $6.149 per million British thermal units, after jumping as much as 72.4 cents, or 13 percent, to $6.275 per mmBtu, the highest since December 2008. "This test of $6.00 stinks of speculative involvement," Aaron Calder, senior market analyst with Gelber& Associates in Houston, said in a client note.
NEW YORK, Feb 19- U.S. natural gas futures jumped nearly 13 percent on Wednesday to the highest in more than five years, boosted by forecasts for frigid cold weather across the United States that will further increase gas-fired heating demand and deplete supplies.