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  • Nikkei sags, heads for first weekly drop in five Thursday, 20 Nov 2014 | 9:01 PM ET

    TOKYO, Nov 21- Japanese stocks skidded on Friday as selling ahead of a long weekend and signs of short-term overheating offset a boost from a solid Wall Street performance rooted in U.S economic strength. Fast Retailing Co Ltd, the Uniqlo clothes brand owner, lost 1.3 percent, knocking 21 points off the Nikkei, while Softbank Corp sagged 0.3 percent.

  • WASHINGTON, Nov 20- Following is the full text of President Barack Obama's speech on Thursday on his plans for immigration, as prepared for delivery, according to a White House statement:. "My fellow Americans, tonight, I'd like to talk with you about immigration. For more than 200 years, our tradition of welcoming immigrants from around the world has given us a...

  • NYMEX-U.S. crude climbs towards $77 on strong U.S. data Thursday, 20 Nov 2014 | 8:31 PM ET

    SINGAPORE Nov 21- U.S. crude climbed towards $77 a barrel in Asian trade on Friday following strong U.S. economic data overnight and mounting speculation oil ministers could agree production cuts at next week's OPEC meeting. *Venezuela would be willing to cut oil output if OPEC agrees to production cuts at the oil cartel's meeting on Nov. 27, its Foreign Minister...

  • WASHINGTON, Nov 20- President Barack Obama imposed the most sweeping immigration reform in a generation on Thursday, easing the threat of deportation for about 4.7 million undocumented immigrants and setting up a clash with Republicans. In a White House speech, Obama rejected Republican critics who say his decision to bypass Congress and take executive...

  • WASHINGTON, Nov 20- President Barack Obama on Thursday announced steps to address the "broken" U.S. immigration system, but urged Republican lawmakers to pass broader reforms to deal with millions of undocumented immigrants living in the country. "Today, our immigration system is broken, and everybody knows it," Obama said, announcing rules that will let millions...

  • New Media to buy Worcester Telegram & Gazette Thursday, 20 Nov 2014 | 8:07 PM ET

    WORCESTER, Mass.— The Worcester Telegram& Gazette is changing hands for the second time in recent months as New Media Investment Group Inc. acquires its parent Halifax Media Group. New Media's subsidiary GateHouse Media LLC operates several eastern Massachusetts dailies and the Providence Journal in Rhode Island. Halifax bought the T&G in May from Boston...

  • *Sees FY profit of $3.40- $3.55/ shr. Nov 20- GameStop Corp posted quarterly revenue and profit well below analysts' estimates as the delayed release of "Assassin's Creed Unity," and flagging videogame software sales more than offset high demand for PlayStation 4 and Xbox One consoles. GameStop narrowed its fiscal 2014 earnings forecast to $3.40- $3.55 per share...

  • PRECIOUS-Gold firm near $1,200, eyes third weekly gain Thursday, 20 Nov 2014 | 8:02 PM ET

    SINGAPORE, Nov 21- Gold was headed for a third weekly gain in a row on Friday buoyed by a pause in the dollar rally and short-covering after sharp losses, with support also from physical demand that is picking up on firmer prices. *Gold had fallen to a 4-1/ 2- year low of $1,131.85 earlier this month on a strong dollar. Gold is a non-interest-bearing asset.

  • NEW YORK, Nov 20- In an often-heated hearing before a U.S. Senate investigative subcommittee, Goldman Sachs Group Inc on Thursday rejected allegations that Wall Street banks exploited physical commodity markets to manipulate prices and gain unfair trading advantages. Led by Senator Carl Levin, who chairs the Senate's Permanent Subcommittee on...

  • NEW YORK, Nov 20- Ukraine slashed its gold reserves by more than a third in October, while Russia increased its reserves for a sixth straight month, according to International Monetary Fund data released on Thursday. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia, which has one of the world's largest bullion reserves,...

  • TOKYO, Nov 21- Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multiyear lows against the dollar and euro overnight. MSCI's broadest index of Asia-Pacific shares outside Japan was up slightly in early trade.

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Obama's immigration tweaks leave Big Tech wanting more Thursday, 20 Nov 2014 | 7:21 PM ET

    SAN FRANCISCO/ WASHINGTON, Nov 20- Silicon Valley expects President Barack Obama to make life a little easier for foreign workers, but tech industry representatives were disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards for high-skilled employees. The president's moves will make it...

  • Nov 20- Casino operator Wynn Resorts Ltd said it was not aware of any investigation after the Wall Street Journal reported that the company is being probed by U.S. federal authorities for possible violation of money-laundering laws. The Internal Revenue Service sent a letter to Wynn's outside lawyer Donald Campbell requesting information on the company's...

  • Valeant slashes stake in Allergan after losing bid Thursday, 20 Nov 2014 | 7:14 PM ET

    Nov 20- Valeant Pharmaceuticals International Inc said it cut its stake in Allergan Inc to 0.1 percent from 9.7 percent, three days after Actavis Plc trumped its offer for the Botox maker. Pershing Square Capital Management informed Valeant that PS Fund 1 sold all of its 2.2 million shares in Allergan allocated to Valeant USA, Valeant said in a regulatory filing.

  • SAN FRANCISCO, Nov 20- Claude Burns, who just earned a degree from MIT's Sloan School of Management, hatched what he thought was a great startup idea: a subscription business peddling craft beers. "Not only did I think it should work, but I'd always wondered why it didn't exist," said Gutierrez, who before entering the Massachusetts Institute of Technology had helped...

  • Takata warns about ability to fix deadly air bag Thursday, 20 Nov 2014 | 7:07 PM ET
    A Takata employee sews an airbag at Takata's current crash-testing facility in Auburn Hills, Michigan.

    An executive from Japan's Takata Corp told U.S. senators on Thursday that the company may not be able to move quickly enough with air bag fixes.

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • Fed to review its oversight of big banks Thursday, 20 Nov 2014 | 7:00 PM ET

    The Fed's announcement came a day before a Senate subcommittee is scheduled to hold a hearing on whether Fed examiners— particularly in the Fed's New York operation— have become too cozy with the big banks they oversee. The bailout of Wall Street banks during the 2008 financial crisis brought the issue forward. William Dudley, the president of the New York Fed,...

  • Northwest Biotherapeutics posts 3Q loss Thursday, 20 Nov 2014 | 6:51 PM ET

    BETHESDA, Md. _ Northwest Biotherapeutics Inc. on Thursday reported a loss of $21 million in its third quarter. On a per-share basis, the Bethesda, Maryland- based company said it had a loss of 35 cents. Northwest Biotherapeutics shares have climbed 38 percent since the beginning of the year.