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  • U.S. House set to pass Keystone, but Senate a vote shy Friday, 14 Nov 2014 | 11:47 AM ET

    House of Representatives prepared to approve the Keystone XL pipeline on Friday, but a similar bill struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto if the bill does get through Congress. "We are going to make it as easy as possible for the Senate to finally get a bill to the president's desk that approves this...

  • NEW YORK, Nov 14- The author Michael Lewis did not libel a money manager in his 2010 best-seller "The Big Short," a divided federal appeals court ruled on Friday. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York rejected an appeal by Wing Chau and his firm Harding Advisory LLC over 26 alleged defamatory statements. In suing Lewis, Eisman and Lewis' publisher...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key investor in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 7.5 percent on the news.

  • NEW YORK/ LONDON, Nov 14- Spot gold rallied more than 1 percent on Friday as investors raced to cover bearish bets after breaking through key support at $1,150 per ounce and as the U.S. dollar pared gains even after better-than-expected U.S. data. Bullion had dropped more than 1 percent to below $1,150 an ounce but bolted $30 midmorning in New York as the dollar moved...

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...

  • CHICAGO, Nov 14- A group of Walmart employees pushing for higher wages said on Friday they were planning protests at 1,600 Walmart stores nationwide on Black Friday, the biggest shopping day of the year in the United States. The arrests on Thursday followed several hours of protest by a number of Walmart workers in California, according to Our Walmart and The...

  • WASHINGTON, Nov 14- United States Postmaster General, Patrick Donahoe, who has led the financially troubled U.S. Postal Service for four years, will retire in February, paving the way for the service's first female postmaster general. Megan Brennan, a 28- year veteran who is the agency's chief operating officer, will succeed Donahoe to become the 74th postmaster...

  • UPDATE 2-Rouble loses ground on lower oil price Friday, 14 Nov 2014 | 11:01 AM ET

    MOSCOW, Nov 14- The Russian rouble fell on Friday, dragged down by weak oil prices and political instability in Ukraine, although it made up some ground late in the day as oil prices picked up somewhat. Russian assets are also under pressure because of fears that Western countries may introduce new sanctions against Russia over its actions in Ukraine.

  • *Long-dated prices rise on higher yields versus Europe. "It's a very key number, it shows the health of consumers and plays a part in GDP, and the Fed is definitely looking at it," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York. In addition, the Thomson Reuters/ University of Michigan's preliminary reading on the overall index of consumer...

  • Wal-Mart workers to protest on Black Friday - group Friday, 14 Nov 2014 | 10:55 AM ET

    Nov 14- Wal-Mart Stores Inc workers plan to protest on Black Friday at about 1,600 stores in the United States to demand better wages and benefits, pressure group OUR Walmart said.

  • WASHINGTON, Nov 14- St. Louis Federal Reserve Bank President James Bullard said he is holding to his forecast of raising interest rates in the first quarter of next year, as jobs data and lower oil prices provide an added boost to a strengthening U.S. economy. Bullard said he expects inflation to move toward the central bank's 2 percent target in the second half of...

  • Nov 14- Canada's Niko Resources Ltd said it was evaluating plans for its oil and gas assets in India, citing uncertainty related to the outlook for natural gas prices in the country. Niko owns 10 percent in the D6 Block, off the eastern coast of India. BP Plc has a 30- percent stake in the block, while the rest is owned by India's Reliance Industries Ltd.

  • OFF THE COAST OF HELIGOLAND, Germany, Nov 14- As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight, have announced subsidy cuts in the past 18...

  • WASHINGTON, Nov 14- U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. Retail sales, which account for about one-third of consumer spending, rose 0.3 percent in October, the Commerce Department said. "numbers bode well for the crucial holiday shopping...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • *Abengoa plummets on confusion about debt guarantees. The biggest loser, however, was Spain's renewable energy firm Abengoa, tumbling 43 percent, hurt by investor confusion over the garantees of one of the firm's bonds. The stock's sell-off started on Thursday when Abengoa's management said debt raised by its Abengoa Greenfield unit would be accounted for as'...

  • MEXICO CITY, Nov 14- Shares of Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, fell sharply on Friday as unconfirmed reports of a possible shake-up to the bank's management circulated in the market.

  • ST. LOUIS, Nov 14- St. Louis Federal Reserve Bank President James Bullard said on Friday he did not expect wage data to give the central bank much indication on inflation pressures. With the economy growing, an explosion in wages could happen but it's a lagging effect, he said. Bullard also said in a question and answer session after prepared remarks here that he is...

  • NEW YORK, Nov 14- The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data and a slide in the yen to seven-year lows against the dollar on bets Japanese Prime Minister Shinzo Abe will call early elections and delay a sales tax increase. The euro also fell against the dollar and briefly dipped below $1.24, at $1.2399, despite...

  • Virgin America shares jump 24.3 pct in debut Friday, 14 Nov 2014 | 10:08 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, rose as much as 24.3 percent in their trading debut, valuing the company at about $1.24 billion. Virgin America's initial public offering of 13.3 million shares raised about $307 million, with the company retaining a major portion of the proceeds. The offering was priced at...