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  • Express Inc ends deal talks with Sycamore Partners Tuesday, 20 Jan 2015 | 8:21 AM ET

    Jan 20- Apparel retailer Express Inc said it terminated talks to be bought by private equity firm Sycamore Partners, its largest shareholder. The company said talks ended due to the "unavailability of financing on commercially acceptable terms". Express's shares were down nearly 12 percent at $12.75 in premarket trading on Tuesday.

  • Tribune CFO John Bode to resign Tuesday, 20 Jan 2015 | 8:17 AM ET

    Jan 20- Chicago Tribune publisher Tribune Publishing Co said Chief Financial Officer John Bode would resign. The company, which also publishes newspapers such as Los Angeles Times and The Baltimore Sun, said Sandra Martin, senior vice president of corporate finance and investor relations would be interim CFO. Bode, who became CFO in September 2013, will be...

  • BOSTON, Jan 20- Fidelity's $110 Billion Contrafund has trimmed its stake in Google Inc, its largest holding, as portfolio manager Will Danoff sees a potentially choppy market for the stock over the short term. Google remains Contrafund's largest holding, accounting for about 4.8 percent of the fund's assets. At the end of November, the fund held Google stock worth...

  • ISTANBUL, Jan 20- Turkey's central bank lowered its main interest rate by 50 basis points on Tuesday in response to slowing inflation and in the face of increased political pressure for softer monetary policy before a June parliamentary election. "It's hard to say is just due to political pressure because there was a downside surprise in inflation in December,"...

  • *China data, QE prospects lift European shares. *China slows less than expected, IMF cuts global outlook. LONDON, Jan 20- Shares rose on Tuesday and the dollar gained 1 percent against the yen after China said its economy had not slowed as much as many in markets had feared.

  • Jan 20- Morgan Stanley's adjusted quarterly earnings fell short of market expectations as unexpected market swings in December hit its division that trades bonds, currencies and commodities and the bank deferred fewer bonus payments. Choppy markets caused by factors ranging from plunging oil prices to political upheaval in Greece, sent investors...

  • Delta Air Lines posts 4th-qtr loss after fuel hedging Tuesday, 20 Jan 2015 | 8:09 AM ET

    Jan 20- Delta Air Lines Inc said on Tuesday it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates. For the fourth quarter, the Atlanta- based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges, which Delta had previously...

  • LONDON, Jan 20- Britain's financial regulator has fined Reckitt Benckiser for not informing the market properly about share trading by two senior executives, in the latest crackdown on disclosure failures by London- listed firms. Consumer goods producer Reckitt failed to monitor the internal share dealings of the executives, leading to late and incomplete...

  • MUTUAL FUND INVESTOR IN GOOGLE, HOLDING $7.06 BLN OF ITS STOCK AT END OF NOVEMBER.

  • CONTRAFUND MANAGER DANOFF SAYS GOOGLE'S SHORT-TERM PERFORMANCE COULD REMAIN CHOPPY.

  • CONTRAFUND SAYS INVESTORS DIGESTING INCREASED SPENDING ON DATA CENTERS AND INITIATIVES NOT TIED TO CORE SEARCH BUSINESS.

  • FIDELITY'S CONTRAFUND SAYS TRIMMED STAKE IN GOOGLE, ITS LARGEST HOLDING- Q4 FUND DISCLOSURE.

  • J&J's profit beats estimates on sales of new drugs Tuesday, 20 Jan 2015 | 8:00 AM ET

    Jan 20- Johnson& Johnson reported a slightly better-than-expected quarterly profit as surging sales of new drugs and mainstay older brands offset weak demand for medical devices and consumer healthcare products. The company's earnings fell to $2.52 billion, or 89 cents per share, in the fourth quarter from $3.52 billion, or $1.23 per share, a year earlier.

  • Strong dollar could scare tourists away from U.S. Tuesday, 20 Jan 2015 | 8:00 AM ET

    Jan 20- New York restaurant owner Jeremy Merrin has seen business droop in recent weeks at his Havana Central eatery in Times Square. International tourists to the United States spend more than $200 billion annually on travel, hotels, dining and shopping, but growth in 2015 is expected to decelerate as would-be visitors balk at the stronger dollar and grapple...

  • Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co posted better-than-expected quarterly profits on resilient demand, but warned that a fall in drilling activity due to weak oil prices would hurt results in 2015.. Halliburton, which is buying Baker Hughes in a $35 billion deal, said it took a $129 million restructuring charge in the fourth...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central...

  • MOSCOW, Jan 20- Oil services giant Schlumberger plans to buy a 45.65 percent stake in Eurasia Drilling for about $1.7 billion, potentially paving the way for it to become the sole owner of Russia's most active oilfield services company. The multi-stage deal announced by the companies on Tuesday will see U.S. group Schlumberger, which has been in a strategic...

  • But focusing too hard on the pipeline, a frequent tactic of technology firms seeking to change their workforce, will benefit the chipmaker less than working on what happens inside Intel, diversity advocates say. Chief Executive Officer Brian Krzanich surprised a mostly male crowd at the Consumer Electronics Show in Las Vegas by unveiling a 2020 goal for Intel...

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices steadied around $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. BNP Paribas analyst Harry Tchilinguirian said the IMF forecast cut was widely expected.

  • Morgan Stanley profit rises as legal costs fall Tuesday, 20 Jan 2015 | 7:23 AM ET

    Jan 20- Morgan Stanley's quarterly earnings rose as the bank's legal costs fell sharply, outweighing a big drop in revenue from its division that trades bonds, currencies and commodities. Choppy markets caused by factors ranging from plunging oil prices to political upheaval in Greece, sent investors scurrying last month, slashing the trading revenue of U.S....