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  • CARACAS, Feb 11- Venezuela's dollar-denominated bonds tumbled across the board on Wednesday after the government announced a new foreign exchange platform that was widely seen as insufficient to resolve the country's economic crisis. "The persistence of large distortions in the FX market will make it more difficult for the government to make necessary...

  • CARACAS, Feb 10- Venezuela launched a "free" foreign exchange platform on Tuesday that will likely devalue the bolivar in efforts to bolster state coffers amid tumbling oil revenue, although it risks causing a spike in already soaring inflation. The change could lead to billions of dollars in write-downs by foreign corporations with exposure to Venezuela...

  • CARACAS, Feb 10- Venezuela on Tuesday launched a new foreign exchange platform that will likely devalue the bolivar heavily in efforts to bolster state coffers amid tumbling oil revenue, but risks a spike in already soaring inflation. "This third mechanism is open, free, in which bidders and buyers exchange offers," Marco said during a press conference with...

  • CARACAS, Feb 10- Venezuela on Tuesday will unveil a new foreign exchange system which is likely to ease the country's three-tiered currency controls but also mean a large devaluation of the bolivar currency. Finance Minister Rodolfo Marco and Central Bank President Nelson Merentes were to give details at a news conference at 11 a.m. local time, the government...

  • CARACAS, Feb 10- Venezuela on Tuesday will unveil a new foreign exchange system that is likely to ease the country's three-tiered currency controls but would also mean a hefty devaluation of the bolivar currency. Finance Minister Rodolfo Marco and Central Bank President Nelson Merentes were to hold a news conference at 11 a.m. local time on a "new exchange...

  • Feb 10- Blackstone Group LP's PGI Specialty Materials Inc, which makes materials that are used in products ranging from diapers to disinfectant wipes, filed with U.S. regulators for an initial public offering of common stock. The company's customers include Procter& Gamble Co, Kimberly-Clark Corp and Cardinal Health Inc.. BofA Merrill Lynch, Citigroup,...

  • What transports are telling us about the economy Thursday, 5 Feb 2015 | 5:28 PM ET

    Transports were an early indicator of the recessions in 1992, 2001 and 2008. So what are they saying about the economy now?

  • Feb 5- Estee Lauder Cos Inc reported a better-than-expected rise in revenue in the second quarter, helped by higher demand for its skin care and makeup products such as Clinique lotions and Pure Color Envy lipstick during the holiday shopping season. Estee Lauder, however, said sales would fall more than it had forecast in the year ending June 30, hurt by a stronger...

  • *Trade deficit widens to $46.6 billion in December. WASHINGTON, Feb 5- The U.S. trade deficit in December widened sharply to its highest level since 2012 as a stronger dollar appeared to suck in imports and weigh on exports, which could see the fourth-quarter economic growth estimate revised lower. The Commerce Department said on Thursday the trade deficit...

  • Cramer: Force be with you! How Disney pulled it off Wednesday, 4 Feb 2015 | 6:33 PM ET
    The Walt Disney Company Chairman and CEO Bob Iger speaks onstage during "From 7 Dwarves to 140 Characters" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts in San Francisco, Oct. 9, 2014.

    Disney is the great American growth story of all time. Jim Cramer sees one ingredient that makes it different from the rest.

  • Cramer: Everyone has to own this stock Wednesday, 4 Feb 2015 | 12:16 PM ET
    The Walt Disney Co. characters Mickey Mouse, front left, and Minnie Mouse perform in front of the Cinderella Castle during an event named 'Disney Natsu Matsuri' at Tokyo Disneyland, operated by Oriental Land Co., in Urayasu, Chiba Prefecture, Japan

    CNBC's Jim Cramer explains why investors have to own this particular stock.

  • *Total deal value of about $5.8 bln, including $2.6 bln debt. Feb 3- J M Smucker Co has agreed to buy Big Heart Pet Brands for $3.2 billion, snapping up the popular Meow Mix and Milk-Bone brands in its first venture into the fast-growing U.S. pet food market. Big Heart is owned by private equity firms Kohlberg Kravis Roberts& Co LP, Vestar Capital Partners, Centerview...

  • Social media lessons learned from Super Bowl XLIX Monday, 2 Feb 2015 | 6:48 PM ET
    Still from the Nationwide Super Bowl ad.

    Big brands face a challenge in maximizing their reach on both television and mobile phone screens.

  • Fans vote this Super Bowl ad #1 Monday, 2 Feb 2015 | 7:40 AM ET

    Anheuser-Busch's lost puppy commercial scored big on Super Bowl Sunday, USA Today reports.

  • 2.6% GDP? Reagan wouldn't have let that happen Friday, 30 Jan 2015 | 10:25 AM ET
    President Ronald Reagan

    Ronald Reagan had to dig out of a recession, too — but GDP growth at this point in that recovery was twice what Obama is delivering now.

  • Jan 29- Colgate-Palmolive Co on Thursday reported a rise in an important sales metric, sending its shares up 6 percent as investors shrugged off a lowered earnings forecast. Net sales suffered because of the strong dollar and weak demand in markets such as Brazil and Europe. Sales were down 7.5 percent in Europe and 10 percent in Africa but rose 4.5 percent in Asia.

  • Ex-Obama aide: Get used to 'very different world' Thursday, 29 Jan 2015 | 10:53 AM ET
    Bill Daley

    "We're in a period of uncertainty and ... the volatility is going to continue," Bill Daley, former Obama chief of staff, tells CNBC.

  • Harley-Davidson earnings fall but edge forecasts Thursday, 29 Jan 2015 | 10:35 AM ET
    Harley-Davidson riders reveal Project LiveWire, the first electric Harley-Davidson motorcycle, last June in New York.

    Harley-Davidson's earnings slipped as a stronger U.S. dollar hurt the motorcycle maker's bottom line, which still topped analyst expectations.

  • Colgate quarterly sales fall on strong dollar Thursday, 29 Jan 2015 | 10:27 AM ET
    Colgate-Palmolive's Colgate Total brand toothpaste

    Colgate-Palmolive reported its second straight fall in quarterly sales, hurt by weak demand in markets such as Brazil and Europe and a strong dollar.

  • Jan 29- Colgate-Palmolive Co, the world's largest toothpaste maker by market share, reported its second straight fall in quarterly sales, hurt by weak demand in markets such as Brazil and Europe and a strong dollar. Colgate, which controls nearly 45 percent of the global toothpaste market, said net sales in Latin America, its biggest market by sales, fell 6 percent...