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  • TOKYO, Jan 28- Sony Corp plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said on Wednesday. Sony, which has cut its earnings forecasts six times on Hirai's watch, has forecast a 230 billion yen net loss for the business year to March, suspending dividend...

  • The case for buying negative yield bonds Tuesday, 27 Jan 2015 | 8:25 PM ET

    Buying negative-yield bonds -- or paying for the privilege of lending money -- may look like a sucker's game, but some see the opportunity for profits.

  • SEOUL, Jan 28- U.S. crude futures fell over 1.5 percent towards $45 a barrel in early Asian trade on Wednesday after data showed U.S. crude stocks surged by nearly 13 million barrels last week, with a global supply glut accumulating in storage tanks. *U.S. crude futures had dropped 73 cents to $45.50 a barrel by 0000 GMT after finishing the previous session finishing...

  • *U.S. stocks fall on disappointing earnings; MSCI global index slips. NEW YORK, Jan 27- World stock indexes fell on Tuesday following disappointing company earnings, while the dollar retreated after an unexpected decline in U.S. durable goods orders. All three major U.S. stock indexes ended more than 1 percent lower, with shares of Microsoft, down 9.3 percent, and...

  • Ace tops Street 4Q forecasts Tuesday, 27 Jan 2015 | 4:27 PM ET

    ZURICH _ Ace Ltd. on Tuesday reported fourth-quarter profit of $555 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share. Analysts expected $4.52 billion, according to Zacks.

  • MOSCOW— Russian news reports say that a manager at the Central Bank's branch in a far eastern city has killed three colleagues and then himself after losing his job. The man had worked as a deputy chief of the Central Bank's office in the city of Blagoveshchensk near the border with China before he was fired, the reports said. The Central Bank confirmed the four...

  • *Coming up: API weekly oil data at 2130 GMT. NEW YORK, Jan 27- Oil prices jumped as much 3 percent on Tuesday as a weaker dollar propped up commodities priced in the currency, prompting short-covering in a market that has sold off with little pause over the past seven months. The American Petroleum Institute, an industry group, will release its weekly inventory report...

  • NEW YORK, Jan 27- Economies and investors, having suffered the pain of the tumble in energy prices, may soon start to see more of the benefits. Russia, highly dependent on oil earnings and suffering from the effects of sanctions over its conduct in Ukraine, has seen its currency and stock market tumble. "The effects of the oil price decline are being priced in now, for...

  • Sony to cut 1,000 jobs in smartphone business - Nikkei Tuesday, 27 Jan 2015 | 2:28 PM ET

    Jan 27- Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported. The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, the Nikkei said. Overall, Sony's mobile division workforce will shrink by about 30 percent to 5,000 by the end of the fiscal...

  • *Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...

  • Donors pledge record $7.5B for global vaccines program Tuesday, 27 Jan 2015 | 1:58 PM ET

    BERLIN— Governments and private donors, among them the Bill and Melinda Gates Foundation, have pledged a record $7.5 billion to replenish a global vaccination program for the poor. The Gates Foundation gave $1.55 billion to the public-private Gavi alliance that has immunized hundreds of millions of children worldwide since 2000.. Britain pledged $1.57...

  • Jan 27- American Airlines Group Inc on Tuesday forecast billions of dollars in savings this year from tumbling fuel costs, but said a key measure of revenue will likely decline this quarter, in part from currency headwinds that are pinching foreign travelers' pockets. While closing costly fuel hedges has prevented its peers from benefiting from the full price...

  • ATHENS, Jan 27- Greek Prime Minister Alexis Tsipras named a cabinet of anti-austerity veterans and halted privatisation of Greece's biggest port on Tuesday, signalling he aims to stick to election pledges despite warning shots from the euro zone and financial markets. Promising to reverse budget cuts and renegotiate Greece's huge debts, Tsipras's leftist...

  • NEW YORK, Jan 27- Oil rose more than 2 percent on Tuesday as a weaker dollar propped up commodities priced in the currency, prompting short-covering in a market that has sold off with little pause over the past seven months. The American Petroleum Institute, an industry group, will release its weekly inventory report at 2130 GMT. "It looks like crude is trying to...

  • Gov. Inslee's cap-and-trade plan makes polluters pay Tuesday, 27 Jan 2015 | 12:47 PM ET

    About three dozen people from across the state testified before the House Environment Committee on a bill to cap the overall amount of carbon emissions in the state and require major polluters to pay for each metric ton of carbon released. Joe Fitzgibbon, D- Burien, who chairs the committee, said the impacts of climate change are real and the state can't afford to...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...

  • EU says near deal with Washington on derivatives rules Tuesday, 27 Jan 2015 | 12:42 PM ET

    LONDON, Jan 27- The European Union and the United States are poised to accept each other's rules on financial derivatives trading in a bid to prevent a global market that supports economic growth from fragmenting, a senior EU official said on Tuesday. The bulk of swaps are traded in London and New York and banks say the prospect of rule clashes is already...

  • Greek markets slide on fears of clash with creditors Tuesday, 27 Jan 2015 | 12:18 PM ET

    *Bank stocks plummet, pulling down Athens index. LONDON, Jan 27- Greek borrowing costs jumped and a dive in bank stocks dragged down the Athens bourse on Tuesday, after weekend elections resulted in an anti-bailout government that looks set on a collision course with the country's creditors. This was up four percentage points since Sunday's vote although down...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...