Europe Shares Close Lower on Fed Fears
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CEDAR RAPIDS, Iowa, Jan 31- A U.S. judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.
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The labor groups claim that they were not trying to unionize Walmart workers with their actions, which included a small number of Walmart's more than 1.3 million U.S. employees engaging in protests outside of Walmart stores.
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*Adjusted ENI per unit 59 cents vs street view of 47 cents. NEW YORK, Jan 31- Blackstone Group LP reported a 43 percent rise in fourth-quarter profit on Thursday, capping what it called its best year as a publicly listed alternative asset manager, despite a lackluster performance by its flagship real estate business.
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Jan 31- Morgan Stanley Inc said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.
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*U.S. stocks fall, European stocks extend losses. NEW YORK, Jan 31- The euro gained on Thursday for the third straight session against the dollar on the way to its best monthly performance in more than a year, while U.S. stocks fell as investors awaited a key U.S. jobs report slated for Friday. The euro hit a peak of $1.3593 on Thursday before paring gains.
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PARIS, Jan 31- Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.
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WASHINGTON, Jan 31- A bill allowing the U.S. government to borrow money beyond its record $16.4 trillion debt limit won final congressional approval on Thursday, clearing the way for President Barack Obama to sign it into law.
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*Settlement resolves intercompany claims between MF Global entities. Judge Martin Glenn greenlighted the deal at a hearing in U.S. Bankruptcy Court in Manhattan, about six weeks after trustees for MF's UK and U.S. broker-dealers, as well as its parent, announced the deal to resolve billions of dollars in intercompany claims.
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NEW YORK, Jan 31- The euro rose to a 14- month high against the dollar on Thursday, heading for its best month in over a year as signs of recovery in the euro zone's economy set the currency on a bullish trend. The yen fell to a 2-1/ 2- year low against both the U.S. dollar and euro, extending its recent decline on expectations of further monetary easing in Japan.
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NEW YORK, Jan 31- Brent crude oil futures rose to three-month highs on Thursday, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Traders cited concerns about stockpiles at the Cushing, Oklahoma delivery point for the U.S. contract, which have pushed to record highs.
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WASHINGTON, Jan 31- The U.S. Senate on Thursday gave final Congressional approval to a bill allowing the government to borrow money beyond its record $16.4 trillion record debt limit, clearing the way for President Barack Obama to sign it into law.
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SINGAPORE/ TOKYO, Feb 1- Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil. From Asia, Iran lost $14 billion worth of oil exports for the year, according to Reuters calculations.
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WASHINGTON/ DETROIT, Jan 31- The U.S. Department of Energy on Thursday eased off President Barack Obama's stated goal of putting 1 million electric cars on the road by 2015, and laid out what experts called a more realistic strategy of promoting advanced-drive vehicles and lowering their cost over the next nine years.
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WASHINGTON, Jan 31- The White House said on Thursday it is disbanding President Barack Obama's jobs council, a group of high-profile chief executives who gave advice on how to spur growth, even as 12 million Americans remain out of work.
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WASHINGTON, Jan 31- The chief of a group of more than 200 CEOs said on Thursday that President Barack Obama had told the business community last month he might back a territorial tax system, which could exempt offshore corporate profits from U.S. taxation.
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LOS ANGELES, Jan 31- Coca-Cola Co held what it called a "productive conversation" with an Arab-American group that labeled the firm's Super Bowl ad racist, but will not change the commercial featuring an Arab walking through a desert with a camel. "We did express regret that the ad had been misunderstood," Coca-Cola spokeswoman Lauren Thompson said in an email. "
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SAN FRANCISCO, Jan 31- Apple Inc Chief Executive Tim Cook's prediction that tablets would one day outsell personal computers appears to be coming true.
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WASHINGTON, Jan 31- The United States would violate global trade rules and damage its credibility if it decides to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
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The United Food and Commercial Workers International Union, or UFCW, and OUR Walmart reached an agreement with the National Labor Relations Board, the groups and Walmart said on Thursday.
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*CME to add PGM options on Globex. NEW YORK/ LONDON, Jan 31- Gold fell nearly 1 percent on Thursday on technical selling after the previous session's rally, with investors focused on the all-important U.S. nonfarm payrolls report for a clue to the Federal Reserve's monetary outlook.