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  • Sony on shelving 'The Interview': 'We had no choice' Friday, 19 Dec 2014 | 4:21 PM ET

    NEW YORK— Following pointed criticism from President Barack Obama for shelving "The Interview," Sony Pictures Entertainment on Friday defended its decision, claiming it had no choice but to cancel the film's Christmas Day theatrical release. Obama said during a press conference Friday that Sony "made a mistake" in dropping "The Interview." Sony insists it has only...

  • SONY PICTURES CEO LYNTON SAYS' WE WOULD STILL LIKE THE PUBLIC TO SEE' CANCELED FILM' THE INTERVIEW'- CNN INTERVIEW.

  • Dec 19- Office equipment supplier Staples Inc said the investigation of a data security breach showed that malware may have affected about 1.16 million payment cards. The breach at 115 of the company's 1,400 stores was announced in October. Staples said it has since eradicated the malware.

  • LOS ANGELES— The creator of a satirical video game that depicts Kim Jong Un as a gun-toting, unicorn-riding hero has no plans to cancel his zany creation following a cyberattack and threats of violence against Sony Pictures that the FBI has attributed to North Korea. While North Korea forces have frequently been depicted as the adversary in games, such as " Tom...

  • US stocks edge higher after a big two-day rally Friday, 19 Dec 2014 | 4:11 PM ET

    CarMax jumped 11 percent after the used car dealership chain reported a surge in earnings. Nike fell 2 percent after reporting a drop in orders from Japan and developing markets in Asia. Crude oil surged $2.36 to $56.52 a barrel in New York.

  • Dec 19- Caesars Entertainment Operating Co, the main operating unit of Caesars Entertainment Corp, said it would file for Chapter 11 bankruptcy protection by mid-next month as it tries to cut its burgeoning debt.

  • NEW YORK, Dec 19- The U.S. dollar hit its highest level against major currencies in over 8-1/ 2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. The euro hit a 28- month low against the greenback, while the dollar hovered near a 28- month high against...

  • NEW YORK, Dec 19- U.S. stocks extended their gains to a third session on Friday, giving the S&P 500 its best weekly performance in about two months as energy shares continued to rebound.

  • WASHINGTON, Dec 19- President Barack Obama vowed on Friday to respond to a devastating cyberattack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a dictator trying to impose censorship in the United States. Obama said the cyberattack "caused a lot of damage" to Sony but that the company should...

  • Vermont regulator, FairPoint agree to repair plans Friday, 19 Dec 2014 | 3:58 PM ET

    MONTPELIER, Vt.— The Vermont Department of Public Service said Friday that FairPoint Communications has agreed to take steps to ensure timely repairs for those without phone service while a workers' strike continues in northern New England. The department said it has received more than 700 complaints about FairPoint's service since more than 1,700 workers...

  • Dec 19- A U.S. federal appeals court has slashed the damages that Zimmer Holdings Inc will have to pay Stryker Corp for infringing its patents on a surgical cleaning wand. Last year a jury in Grand Rapids, Michigan, awarded medical device maker Stryker $70 million in lost profits and found Zimmer's conduct to have been willful. A three-judge panel of the U.S. Court of...

  • AP Interview: Coelho says Sony hack threatens all Friday, 19 Dec 2014 | 3:56 PM ET

    GENEVA— Brazilian author Paulo Coelho says the Sony hack threatens us all if society doesn't enforce important values against anonymous terrorists. The best-selling author says he was prepared to make himself an example— even if it meant inviting criticism and threats— if Sony Pictures had taken him up on his $100,000 offer for the rights to its cancelled film.

  • LOS ANGELES, Dec 19- Sony Pictures Entertainment chief executive and chairman Michael Lynton said on Friday that the Hollywood studio did not make a mistake in pulling satirical film "The Interview" after a cyberattack blamed on North Korea.

  • Dec 19- Canadian performance company Cirque du Soleil has hired investment bank Goldman Sachs Group Inc to help in its previously disclosed effort to find a strategic partner, a spokeswoman for the company said on Friday. Cirque du Soleil will appeal to both private equity firms and large media companies that are looking to increase their exposure to live...

  • SONY PICTURES CEO LYNTON SAYS' WE EXPERIENCED THE WORST CYBERATTACK IN AMERICAN HISTORY'- CNN INTERVIEW.

  • A look at large coal ash spills in the US Friday, 19 Dec 2014 | 3:46 PM ET

    The Obama announcement ended a six-year effort that began after a massive spill of the ash that contains toxins at a Tennessee power plant in 2008. Since then, the EPA has documented coal ash waste sites tainting hundreds of waterways and underground aquifers in numerous states with heavy metals and other toxic contaminants. The Tennessee Valley Authority...

  • SONY PICTURES CEO LYNTON SAYS PRESIDENT, PRESS AND PUBLIC' MISTAKEN' AS TO WHAT HAPPENED IN FILM DECISION- CNN INTERVIEW.

  • OTTAWA, Dec 19- Canada announced new sanctions against Russia on Friday, including additional restrictions on the export of technology used in the oil and gas industry, saying it was important to speak truth to power. Foreign Minister John Baird also said sanctions were being applied on 11 Russians and nine Ukrainians, due to Russia's actions in Ukraine.

  • SONY PICTURES CEO LYNTON SAYS COMPANY DID NOT' CAVE' OR' GIVE IN' TO HACKERS- CNN INTERVIEW.

  • *Bremt closes above $61, U.S. crude settles above $56. Brent ended above $61 a barrel, the second time since Wednesday when it closed above the key psychological level of $60, and continued to rise in post-settlement trade. WTI finished above $56, breaking above the $55 resistance.