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  • The SEC said former Barclays Capital analyst John Gray and his friend Christian Keller used disposable prepaid mobile phones to conduct insider trading from 2009 to 2012.. It said that in exchange for kickbacks, Keller provided tips about confidential news he learned while working as a financial analyst at the chipmaker Applied Materials Inc and in...

  • Manhattan District Attorney Cyrus Vance on Thursday said the ring bought $700,000 worth of gift cards after fraudulently obtaining "instant credit" that Apple had offered online in conjunction with Barclays Plc's Barclaycard, and then used the cards to buy Apple products. Prosecutors said he recruited Apple store employees to misuse names, addresses, birth...

  • SAN FRANCISCO, Feb 5- Sprint Corp aims to expand its retail footprint with 500 stores this year and is considering troubled electronics retail chain Radioshack's prime real estate, Chief Executive Marcelo Claure told Reuters on Friday. "We're looking at RadioShack very closely, in terms of what's going to happen. Radioshack is preparing to shut down and sell...

  • Among the nominees for this year's top awards- song, record and album of the year- only British soul singer Sam Smith and R&B artist Pharrell Williams had a hit that placed among the top 10 radio songs in total plays in 2014, according to Nielsen Music. Such is the promise of streaming that Apple Inc bought headphone maker Beats for $3 billion last year, in part for its...

  • Feb 5- British drinks can maker Rexam Plc said it is in talks to be bought by U.S. rival Ball Corp for 4.3 billion pounds, a deal that would form an industry giant better equipped to withstand rising aluminium costs. Rexam said it had received a proposal from Broomfield, Colorado- based Ball valuing it at 610 pence per share. Rexam's London- traded shares closed...

  • ABUJA, Feb 5- Nigeria's state oil company said on Thursday that a forensic audit conducted by PriceWaterhouseCoopers has cleared it of the allegation that it failed to remit $20 billion owed to the state. President Goodluck Jonathan ordered an audit of the national energy company in early 2014 after former central bank governor Lamido Sanusi said an...

  • Greek radicals play it safe with debt advisers Lazard Thursday, 5 Feb 2015 | 2:08 PM ET

    LONDON, Feb 5- Soon after politicians from the far-left Syriza party won power in Greece they said they had hired Lazard to advise them on restructuring their debt. Lazard cemented its position as the eminence grise of debt negotiations when it secured the biggest restructuring deal in history for Athens in 2012.. Geopolitical turmoil and economic shocks keep...

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year in expenses after it shuts nearly all of its open-outcry futures pits in New York and Chicago in early July, a spokesman said on Thursday. That sum represents a quarter of the total cost of running its trading floors, he said, ahead of the release of the Chicago- based exchange's fourth-quarter results later...

  • SAO PAULO, Feb 5- Brazilian federal police said on Thursday they had started questioning João Vaccari Neto, the treasurer of the country's ruling Workers' Party, as a corruption probe focused on state-run oil company Petrobras widened to include political figures. Police and prosecutors have accused former executives of Petroleo Brasileiro SA of...

  • LOS ANGELES, Feb 5- Amy Pascal will step down as co-chairman of Sony Pictures Entertainment after hackers angry about a movie she championed mocking North Korea's dictator exposed a raft of embarrassing emails between Pascal and other Hollywood figures. Sony Pictures Chief Executive and Chairman Michael Lynton told Reuters that the emails leaked late last...

  • MEXICO CITY, Feb 5- Mexican mining, transport and infrastructure company Grupo Mexico is aiming for an initial public offering of its railroad unit in the first half of this year, a senior company executive said on Thursday. On Tuesday, Grupo Mexico said it was considering a public offering for about 15 percent of its rail unit. Mexico's bourse said on Wednesday it...

  • A manager at Bank of America told Reuters he didn't write a crucial letter, attributed to him, which purported to verify the existence of a billion-dollar bank account. Sharma had said he was backed by a group of U.S. and U.K. investors for the deal, whom he declined to name, and said they were the source of funds supposedly placed in the Bank of America account.

  • NEW YORK, Feb 5- Morningstar Inc said on Thursday its estimated net outflow for the Pimco Total Return for January was $12.5 billion, or 9 percent of end-December assets of $143.4 billion. Morningstar said total assets in the Pimco Total Return Fund at the end of January were $134.6 billion. Pimco said on Tuesday that investors in January yanked $11.6 billion from...

  • *China cuts bank reserve requirement to spur growth. NEW YORK, Feb 5- Oil was up about 6 percent on Thursday as rising violence in producing country Libya and an expected boost in oil demand from a central bank easing in China helped crude rebound from one of its sharpest daily routs ever in the previous session. "It is just a changing market sentiment as more and more...

  • OTTAWA, Feb 5- As the Group of 20 leading economies head into ministerial talks in Turkey next week, Canada highlighted the uncertainty of the global economy and concerns over the ability of the United States to sustain global growth. A senior Canadian finance official, briefing reporters on Thursday ahead of the meeting Monday and Tuesday of finance ministers...

  • NEW YORK, Feb 5- Wells Fargo& Co has agreed to pay $4 million for violations on credit card accounts at a former affiliate, New York Governor Andrew Cuomo said. Wells Fargo will pay a $2 million penalty and $2 million in restitution to consumers after the affiliate illegally took interests in borrowers' homes, in exchange for extending credit for routine credit card...

  • *Q4 earnings $0.39/ shr vs $0.11/ shr last year. *Q4 rev $901.2 mln vs $658.8 mln last year. Feb 5- Land rig provider Patterson-UTI Energy Inc warned that 2015 would be "challenging," having received indications that customers could terminate a number of longer-term contracts early.

  • ABUJA, Feb 5- Nigeria's state oil company said on Thursday that a forensic audit conducted by PriceWaterhouseCoopers has cleared it of the allegation that it failed to remit $20 billion owed to the state.

  • *Pfizer to buy Hospira for about $15 billion. *Michael Kors tumbles after results, outlook. NEW YORK, Feb 5- U.S. stocks climbed on Thursday as energy shares bounced with oil prices, while news Pfizer would buy Hospira in a massive deal also lifted investor sentiment.

  • UPDATE 1-LSE puts Russell Investments up for sale Thursday, 5 Feb 2015 | 12:55 PM ET

    LONDON, Feb 5- The London Stock Exchange Group said on Thursday it would sell Russell Investments, the asset management arm of the Frank Russell Co business which it acquired for $2.7 billion last year. The exchange beat a number of interested buyers, including the Canadian Imperial Bank of Commerce and a handful of private equity firms, sources told Reuters last...