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  • JERUSALEM, Dec 22- Israel's antitrust authority said Monday it may revoke an arrangement permitting an Israeli and a U.S. company to develop Israel's largest natural gas field by branding them a cartel. The authority summoned representatives of Israel's Delek Group and Texas- based Noble Energy and told them it was "still considering to announce that buying...

  • *Gilead falls as Express Scripts picks AbbVie treatment. *Dow boosted by gains at Intel, IBM; Dow, S&P end at record. Intel Corp rose 2.3 percent to $37.21, providing the biggest boost to the Dow, while IBM rose 1.8 percent to $161.44 and Cisco Systems rose 1.6 percent to $28.22.

  • NEW YORK, Dec 22- Victims of Bernard Madoff's massive Ponzi scheme will get a fresh $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster's firm, bringing the recovery total to more than $7 billion. The trustee, Irving Picard, said on Monday he would seek permission from a U.S. bankruptcy judge in New York to begin...

  • As dust clears, what's next for Sony? Monday, 22 Dec 2014 | 4:39 PM ET

    ATLANTA— The Sony hacking attack continues to deliver more dramatic plotlines than any fictional movie, but meanwhile the movie studio must move forward and tackle the next steps in minimizing the mess. Sony went on the offensive after President Barack Obama said Friday that the studio made a mistake by canceling "The Interview," and said that he wished the...

  • NEW YORK, Dec 22- The dollar recovered ground late on Monday on rising U.S. The two-year Treasury auction of just over 70 basis points is the highest since mid-2011, and that's widening the dollar's front-end yield advantage and driving it higher, "said Vassili Serebriakov, currency strategist at BNP Paribas in New York. The euro slipped past Friday's 2-1/ 2 year low...

  • FDA approves new melanoma drug from Bristol-Myers Monday, 22 Dec 2014 | 4:23 PM ET

    WASHINGTON— The Food and Drug Administration granted accelerated approval Monday to a new drug from Bristol-Myers Squibb to treat the deadliest form of skin cancer. Since 2011, the FDA has approved seven new drugs for the form of skin cancer, including Opdivo. FDA regulators cleared the drug for patients who have previously been treated with an older...

  • Stocks push to record highs, continuing a rally Monday, 22 Dec 2014 | 4:15 PM ET

    Stocks are back at record highs as the market posts its fourth gain in a row. The Dow Jones industrial average rose 154 points, or 0.9 percent, to 17,959 Monday, narrowly beating the record high it set two weeks ago by about half a point. Benchmark U.S. crude fell $1.26 to close at $55.26 a barrel in New York.

  • *Will sell $35 bln 5- yr notes, $13 bln 2- yr floaters Tuesday. NEW YORK, Dec 22- Intermediate-debt underperformed long-dated bonds on Monday as investors prepared for new five-year and seven-year note supply, after the Treasury sold $27 billion in new two-year notes to solid demand. "They tend to require more of a concession to take down," said Ian Lyngen, senior...

  • *U.S. crude falls more than $2 intraday; Brent down over $1. NEW YORK, Dec 22- Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not...

  • NEW YORK, Dec 22- Equity markets worldwide edged higher on Monday after rising expectations for more European stimulus supported shares in the region, while year-end buying underpinned U.S. stocks. Anticipation of outright government bond buying from the European Central Bank and greater political stability in Greece boosted European bourses.

  • Dec 22- Goldman Sachs Group Inc has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. Reuben Brothers has a history in steel and iron ore investments through its metal trading company Metalloyd. In April, the firm sold its stake in Erus Metals, a small warehousing company based...

  • NEW YORK— Eli Lilly will sell its heartworm treatment for dogs to garner U.S. approval for its $5.4 billion acquisition of the animal health division belonging to Norvartis. The Federal Trade Commission said Monday that it is requiring the sale of Eli Lilly's Sentinel heartworm products because the Novartis deal would reduce competition and lead to higher...

  • The oil and natural gas drilling service company said last year it would shift its focus to international markets, "especially to Russia and Latin America," with the number of active rigs in North America declining. Those are the regions that are getting hit the hardest this year as crude prices have fallen from $107 per barrel in June, to around $55.

  • Top business stories of 2014: US grows, world slows Monday, 22 Dec 2014 | 1:49 PM ET

    Those are some of the top business stories of 2014, as chosen by business editors at The Associated Press. Others include massive product disasters: A string of auto recalls after faulty ignition switches from General Motors Corp. and air bags in many car models caused injuries and deaths. Janet Yellen became the first woman to head the Federal Reserve and U.S....

  • NEW YORK— BMW has agreed to demands from the government to expand a recall of driver's-side air bags to the entire U.S. The recall affects 140,000 BMW 3 Series cars made between January 2004 and August 2006. The National Highway Traffic Safety Administration has been pushing companies to recall older cars with air bag inflators made by Takata Corp. They can...

  • *Will sell $35 bln 5- yr notes, $13 bln 2- yr floaters Tuesday. NEW YORK, Dec 22- U.S. bond yields stayed at slightly higher levels on Monday after the Treasury sold $27 billion in new two-year notes, the first part of a sale of $104 billion in supply this week. "They tend to require more of a concession to take down," said Ian Lyngen, senior government bond strategist at CRT...

  • Midday Glance: Beverages companies Monday, 22 Dec 2014 | 1:22 PM ET

    Coca-Cola Co. rose$. 35 or. 8 percent, to $42.30. Dr Pepper Snapple rose$. 85 or 1.2 percent, to $72.51. Molson Coors Brewing Co. rose$. 09 or. 1 percent, to $76.00.

  • Midday Glance: Computer companies Monday, 22 Dec 2014 | 1:22 PM ET

    Apple Inc s rose$. 92 or. 8 percent, to $112.70. Hewlett Packard Co. fell$. 37 or. 9 percent, to $39.54. International Business Machines Corp. rose $3.33 or 2.1 percent, to $161.84.

  • Midday Glance: Medical Devices companies Monday, 22 Dec 2014 | 1:22 PM ET

    Allergan fell$. 57 or. 3 percent, to $212.06. Baxter International Inc. rose$. 50 or. 7 percent, to $74.98. Boston Scientific Corp. fell$. 16 or 1.2 percent, to $12.99.

  • Midday Glance: Oil companies Monday, 22 Dec 2014 | 1:22 PM ET

    BP PLC fell$. 52 or 1.3 percent, to $38.88. ConocoPhillips fell $2.24 or 3.2 percent, to $68.74. Exxon Mobil Corp. fell$. 87 or. 9 percent, to $92.78.