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DETROIT, Dec 6- General Motors Co's decision to pull the plug on Chevrolet in Europe is one of several calculated moves the U.S. automaker appears to be making around the world that analysts and investors say are long overdue if the automaker wants to boost profits in line with its rivals.
DETROIT, Dec 6- A Detroit- area entrepreneur has offered to donate $5 million to help protect the collection of the Detroit Institute of Arts from being sold or otherwise monetized as part of Detroit's bankruptcy, the Detroit Free Press reported on Friday.
*Australia, S.Korea just signed free trade agreement. SEOUL/ SYDNEY, Dec 6- General Motors Co may consider shipping more South Korean-made cars to Australia, a source said on Friday, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.
SINGAPORE, Dec 6- London copper was little changed on Friday, recovering from two-week lows touched earlier this week, but trading was light ahead of a key U.S. labour report that could shed fresh light on when the Federal Reserve will trim its commodity-friendly stimulus.
SINGAPORE, Dec 6- Gold steadied on Friday after choppy trading in the previous session, though was still headed for a weekly decline as improving U.S. economic data raised fears of an early end to monetary stimulus. *Spot gold was up 0.2 percent to $1,226.50 an ounce by 0021 GMT.
LAS VEGAS, Dec 5- The London Metal Exchange asked a panel of U.S. judges on Thursday to assign a federal court in Manhattan to handle a series of antitrust lawsuits that allege the world's largest metal exchange, two of Wall Street's biggest banks and big commodity merchants conspired to raise the price of aluminum.
*U.S. crude for January delivery was up 9 cents at $97.47 a barrel by 0011 GMT- on course for a gain of more than 5 percent for the week, the most since the week to July 5. *Seaborne oil exports from OPEC, excluding Angola and Ecuador, will rise by 710,000 barrels per day in the four weeks to Dec. 21, an analyst who estimates future shipments said on Thursday.
*Announcement due this week but deferred to February 2014- ABC. SYDNEY, Dec 6- General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
DEARBORN, Mich./ SHANGHAI, Dec 5- Ford Motor Co unveiled its 50th anniversary Mustang sports car in its first global launch on Thursday, with a sleek redesign aimed at enhancing the brand's status outside the United States.
SAULT STE. MARIE, Mich.-- A start-up company has chosen Sault Ste. Marie as the location of a plant that will manufacture a type of braided hose used in the auto industry. AMI Hose, LLC says its $2.2 million operation will provide 40 jobs.
DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.
NEW YORK, Dec 4- A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline, a change that some experts say could continue into 2014.. Pump prices on Thursday's Thanksgiving holiday were the lowest in three years, the Energy Information Administration said last week.
NEW YORK-- General Motors' shares climbed Wednesday, reaching their highest point since re-entering the public markets more than two years ago, as a hedge fund sees the automaker's stock price rising at least 40 percent over the next 12 to 18 months.
NEW YORK, Dec 4- Portfolio manager Joel Beam has spent the last 13 years investing in a part of the market that even many professional investors aren't familiar with. There are now 41 preferred funds tracked by Morningstar; 10 years ago there were only five, including the Forward fund.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S. Treasury finishes exiting its stake in the company, Bloomberg reported on Wednesday.
TRAVERSE CITY, Mich.-- Genetic material from an invasive fish called the Eurasian ruffe has been found in southern Lake Michigan for the first time, raising the possibility that it could migrate into the Mississippi River watershed and compete with native fish there, a scientist said Tuesday.
PARIS/ DETROIT, Dec 4- Five years after Jeffrey Hand took a $100,000 buyout to leave Ford Motors, the U.S. auto industry has surged back to profit and is once again hiring. Hand, who has spent the years living on his payout, has now applied to work at an auto parts supplier a few hours away from his old factory near Dearborn, Michigan.
Dec 3- A federal judge on Tuesday ruled Detroit is bankrupt, which clears the way for potential cuts to the city workers' pensions and could mean steep losses for the city's bond holders. -The city of Detroit is insolvent and eligible to file for municipal bankruptcy under Chapter 9 of the federal bankruptcy code.