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  • TOKYO/ WELLINGTON, Jan 26- The euro hit an 11- year low versus the U.S. dollar on Monday as Greece's anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders. In the near term, traders are looking to whether Syriza will secure an outright majority, which would raise the risk of a standoff with...

  • Jan 25- Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to an $11 billion merger to create one of the world's largest reinsurers, PartnerRe said on Sunday. The combined company will have gross premiums topping $10 billion, total capitalization of more than $14 billion, and total cash and invested assets of more than $33 billion, according to the PartnerRe...

  • NYMEX-US crude falls to near 6-year low as euro sags Sunday, 25 Jan 2015 | 7:31 PM ET

    SINGAPORE, Jan 26- U.S. crude futures dropped more than $1 on Monday to near the weakest in almost six years as the dollar strengthened after Greece's Syriza party pledged to roll back austerity measures on winning a snap election. *While a final result may not come for hours, Syriza's Alexis Tsipras is on course to become prime minister of the first euro zone...

  • *Greece vote results stokes fresh concerns of instability in Europe. TOKYO, Jan 26- The euro skidded to near an 11- year low and U.S. stock futures fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders. Syriza leader Alexis...

  • WELLINGTON, Jan 26- The euro weakened on Monday, approaching an 11- year low versus the U.S. dollar after projections showed Greece's Syriza party had won a snap election, raising the risk that the country may demand a debt write-off and end austerity measures. By 2055 GMT, the euro traded around $1.1160 after its sell-off fizzed out ahead of $1.1115 plumbed on...

  • BUFFALO, N.Y.— Fisher-Price has long eschewed "professional" models for its packaging, instead using the babies and toddlers parents trundle in to the toy maker's headquarters in the quaint western New York village of East Aurora. And while there is no shortage of cute in the hamlet 20 miles southeast of Buffalo, with its old-school five-and-dime and vintage...

  • NEW YORK— Tom Fiore knows what it's like to sit in a taxi for as long as two agonizing hours, over bridges or through a tunnel, to travel a mere eight miles from midtown Manhattan to LaGuardia Airport in Queens. Neighboring John F. Kennedy and Newark have it, and projects are currently underway at Washington Dulles, Los Angeles and Denver. Cuomo's $450 million proposal,...

  • NYC mayor: Storm could be biggest ever to hit city Sunday, 25 Jan 2015 | 1:19 AM ET

    NEW YORK— A winter that has largely spared the Northeast thus far is about to arrive with gusto: a storm the National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and Boston. New York City, Boston and Connecticut should expect whopping snow totals of up to 2 feet, he said. "Looks like our luck is about to run out," said John...

  • ISIS claims beheading of Japanese hostage Saturday, 24 Jan 2015 | 3:32 PM ET
    An armed motorcade belonging to members of Derna's Islamic Youth Council, consisting of former members of militias from the town of Derna, drive along a road in Derna, eastern Libya October 3, 2014.

    Japan expressed outrage at an image that purported to show the decapitated body of one of two Japanese hostages captured by ISIS.

  • Ocwen to pay $2.5 million to settle California dispute Saturday, 24 Jan 2015 | 12:11 PM ET

    SACRAMENTO, Calif.— Ocwen Financial Corp. is paying a $2.5 million penalty and submitting to a review by an independent auditor to avoid losing its license to make and service mortgages in California. The settlement announced late Friday by California's Department of Business Oversight stems from Ocwen's refusal to turn over records sought by state...

  • Fake schools draw scrutiny of federal investigators Saturday, 24 Jan 2015 | 10:50 AM ET

    SAN FRANCISCO— From her hometown in India in 2010, Bhanu Challa said she had no reason to doubt that Tri-Valley University was a legitimate American school where she could pursue a master's degree. Authorities told her that Tri-Valley was a sham school. Tri-Valley is among at least half a dozen schools shut down or raided by federal authorities in recent years...

  • GRANTS PASS, Ore.— Fresh off a victory in Washington state, a leading gun control group backed by billionaire Michael Bloomberg is hoping to make Oregon its next prize in a campaign to require gun sales to go through universal background checks. Part of that was devoted to strengthening the Democratic majority in the state Senate, the key battleground.

  • Proposed Illinois legislation would ban powdered alcohol Saturday, 24 Jan 2015 | 10:30 AM ET

    SPRINGFIELD, Ill.— A proposed Illinois law would ban the sale of powdered alcohol before it hits store shelves. Ira Silverstein, a Chicago Democrat sponsoring the measure, said he doesn't want the product to reach stores. His plan amends the state's Liquor Control Act of 1934, according to the Springfield bureau of Lee Enterprises Newspapers.

  • HAVANA— Everyone warns you Old Havana is a facade, but it's impossible not to be taken by its charms. For a foreigner who isn't coming with predetermined notions of Cuba as global boogeyman or socialist paradise, each alley and avenue, each conversation with a Cuban, complicates the picture. I'm nowhere near the first Westerner, American or journalist to visit...

  • WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • Attorney Preet Bharara filed the petition late Friday asking the 2nd U.S. Circuit Court of Appeals to reconsider its Dec. 10 decision to overturn the convictions of Anthony Chiasson and Todd Newman, saying that the ruling "threatens the effective enforcement of the securities laws." Chiasson co-founded Greenwich, Connecticut- based Level Global Investors.

  • NEW YORK, Jan 23- Federal prosecutors in New York on Friday asked a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions. Attorney Preet Bharara asked the 2nd U.S. Circuit Court of Appeals to grant a rehearing in the case of hedge fund managers Todd Newman and Anthony...

  • American Airlines sued by mechanics union organizers Friday, 23 Jan 2015 | 7:53 PM ET

    Jan 23- Union organizers sued American Airlines on Thursday, alleging that maintenance directors pressured workers to skimp on federal safety procedures and threatened discipline if they reported too many maintenance flaws. They demanded punitive damages, an injunction to restrain airline managers from making further threats, as well as a trial by jury,...

  • NEW YORK— Viacom CEO Philippe Dauman's pay climbed 19 percent to $44.3 million last year while the TV-and-film company's stock slumped and its earnings remained flat. Those stock incentives ultimately could be worth more or less, depending on how Viacom Inc.' s stock fares in the next few years. Viacom owns MTV, Nickelodean and several other cable-TV channels, in...

  • NEW YORK, Jan 23- Federal prosecutors in New York plan on Friday to ask a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions. Prosecutors will ask the 2nd U.S. Circuit Court of Appeals to grant a rehearing in the case of hedge fund managers Todd Newman and Anthony...