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  • *Shire shares tumble as AbbVie reconsiders bid. NEW YORK, Oct 15- U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Worries about a lethargic global economy weren't helped by data that showed U.S. retail sales and producer prices fell in September, while...

  • *Shire shares tumble as AbbVie reconsiders bid. NEW YORK, Oct 15- U.S. stocks dropped on Wednesday as economic data reinforced worries over the health of the world economy and signs emerged of slowing merger activity. Worries about a slowing global economy weren't helped by data that showed U.S. retail sales and producer prices fell in September, while...

  • *Shire shares tumble as AbbVie reconsiders bid. Aside from concerns about the global economy, Chicago- based AbbVie said it was reconsidering its $55 billion takeover of the company weeks after the U.S. government moved to curb deals designed to reduce tax, throwing the vitality of merger and acquisition activity into doubt. U.S.-listed shares of Shire tumbled...

  • *Shire shares tumble as AbbVie reconsiders bid. Aside from concerns about the global economy, Chicago- based AbbVie said it was reconsidering its $55 billion takeover of the company weeks after the U.S. government moved to curb deals designed to reduce tax, throwing the vitality of merger and acquisition activity into doubt. U.S.-listed shares of Shire tumbled...

  • *Shire shares tumble as AbbVie reconsiders bid. Aside from concerns about the global economy, Chicago- based AbbVie said it was reconsidering its $55 billion takeover of the company weeks after the U.S. government moved to curb deals designed to reduce tax, throwing the vitality of merger and acquisition activity into doubt. U.S.-listed shares of Shire tumbled...

  • *Bank of America gains in premarket after results. *Shire shares tumble as AbbVie reconsiders bid. Bank of America shares were up 1.1 percent to $16.70 in premarket after posting its third-quarter results.

  • BRASILIA, Oct 14- Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said on Tuesday. The price of gasoline on the international market has slipped below the domestic price of the fuel in Brazil, Credit Suisse said in a...

  • *JPMorgan dips, Citigroup climbs after results. "It was disappointing to see the gains we've had over nine months dissipate so quickly," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston. Early third-quarter earnings reports have been mixed, but Citigroup, up 2.7 percent at $51.26, was among the top boosts to the benchmark S&P index...

  • Oct 14- Litigation alleging that Deutsche Bank AG, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver has been centralized in Manhattan federal court. Three suits were originally filed in Manhattan, while two were filed in Brooklyn. The banks had also asked that the litigation be consolidated in the Eastern District of New York in Brooklyn, but...

  • *JPMorgan falls, Citigroup climbs after results. "In an environment that is oversold to begin with, it doesn't take much to effectuate a shift in market," said Art Hogan, chief market strategist at Wunderlich Securities in New York. Citigroup, up 2.7 percent to $51.26, was among the top boosts to the benchmark S&P index after the bank posted better-than-expected...

  • *JPMorgan falls, Citigroup climbs after results. Citigroup, up 3.2 percent to $51.48, was among the top boosts to the benchmark S&P index after the bank posted better-than-expected quarterly results and said it would pull out of consumer banking in 11 markets. But JPMorgan Chase shares lost 1.1 percent to $57.54, after the biggest U.S. bank posted third-quarter...

  • *JPMorgan falls, Citigroup climbs after results. Citigroup, up 3.2 percent to $51.48, was the biggest boost to the benchmark S&P index after the bank posted better-than-expected quarterly results and said it would pull out of consumer banking in 11 markets. But JPMorgan Chase shares lost 0.9 percent to $57.61, after the biggest U.S. bank posted third-quarter...

  • LONDON, Oct 14- Average daily volumes in the global foreign exchange market hit a record high in September, data from FX settlement system CLS showed on Tuesday, confirming signs of a pickup on the industry's biggest trading platforms. Both Thomson Reuters and EBS, among the industry's biggest trading platforms, had already reported surges in volumes in the past...

  • *Citigroup, Johnson& Johnson climb after earnings. JPMorgan Chase shares lost 1.8 percent to $57.13 in premarket, after the biggest U.S. bank posted third-quarter earnings. Fellow banks Citigroup gained 2.2 percent to $51 while Wells Fargo declined 1.2 percent to $49.59 after posting quarterly results.

  • *Citigroup, Johnson& Johnson scheduled to post results. NEW YORK, Oct 14- U.S. stock index futures were little changed on Tuesday, after the S&P 500 suffered its worst three-day drop since November 2011, ahead of earnings results from companies such as Johnson& Johnson and Citigroup. *JPMorgan Chase shares edged down 0.4 percent to $57.95 in premarket, after the...

  • NEW YORK, Oct 12- For Federal Reserve officials already worried about a persistent lack of U.S. wage and price growth, one corner of the bond market may be suggesting even more reason for alarm. The Treasury Inflation Protected Securities market is suggesting price stagnation may be just around the corner. Slowing global growth, particularly because of weakness...

  • Oct 10- L-3 Communications Holdings Inc said an internal review of its aerospace systems business found no material misstatements of its previous financial statements, sending its shares up as much as 13.5 percent in late afternoon trading. L-3 recorded total pre-tax charges of about $169 million at its aerospace systems business as a result of the review.

  • *U.S. war funds finally approved to fight Ebola in West Africa. Oct 10- A commercial plane was briefly quarantined on a Las Vegas airport tarmac on Friday, sending airline shares down as worldwide fears increased that Ebola could spread outside West Africa, where it has killed more than 4,000 people. Airline and hospital officials said a Delta Air Lines plane was...

  • NEW YORK, Oct 10- Blackstone Group LP said on Friday it would spin off its advisory units into a company headed by star Wall Street investment banker Paul Taubman, to avoid potential conflicts of interest in the sprawling private equity empire. The new publicly traded company could be valued at $1 billion to $2 billion, a person close to Blackstone said.

  • US STOCKS-Coca-Cola stays bubbly amid market rout Friday, 10 Oct 2014 | 12:08 PM ET

    NEW YORK, Oct 10- U.S. stocks were mostly lower on Friday, but consumer staples rose amid the market uncertainty, with beverage giant Coca-Cola Co again lifting the sector. "Investors are seeking to get more defensive, and that means buying high-quality names like Coca-Cola," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.