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  • *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks bounced back on Thursday, with the S&P 500 surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending. "It suggests overall spending is going to do well, and today's rally confirms the resumption of a year-end rally which...

  • Dec 11- U.S. crude futures fell below $60 a barrel on Thursday, the first time in five years that it breached the psychologically-important support, as oil markets extended this week's losses on oversupply concerns. New York Mercantile Exchange's front-month West Texas Intermediate contract for U.S. crude was down 96 cents at $59.98 a barrel by 2:18 p.m. EST...

  • WASHINGTON, Dec 11- A planned vote on a $1.1 trillion bill to keep the U.S. government operating beyond midnight on Thursday has been delayed in order to give the House of Representatives' Republican leaders more time to shore up support for the bill. Mike Long, a spokesman for House Majority Leader Kevin McCarthy said: "Leadership teams are still talking to their...

  • CRUDE OIL FUTURES FALL BELOW $60 A BARREL FOR FIRST TIME SINCE JULY 2009.

  • FACTBOX-Reactions from leading Golden Globe nominees Thursday, 11 Dec 2014 | 1:57 PM ET

    BEVERLY HILLS, Calif., Dec 11- The Hollywood film awards season went into full gear on Thursday with the nominations for the 72nd Golden Globe Awards, to be presented by the Hollywood Foreign Press Association at a gala dinner on Jan. 11. "-Michael Keaton, best actor nominee," Birdman. I am hugely grateful to the HFPA- and to Professor Stephen Hawking for his personal...

  • TORONTO, Dec 11- Canada's Competition Bureau is investigating allegations that Apple Inc's Canadian unit used anti-competitive clauses in contracts with domestic wireless carriers, the watchdog said on Thursday. The bureau said no wrongdoing by Apple's Canadian arm has been found so far, without stating who made the allegations. An Apple spokeswoman was...

  • DETROIT, Dec 11- Ford Motor Co hopes to get a fresh start and erase bad memories for some owners when it launches the new version of its in-car, interactive touch-screen system next fall. Ford said Sync 3 will be more intuitive, sport improved voice-recognition software and operate more like a smartphone than the first two generations, the last of which prompted...

  • MEXICO CITY, Dec 11- General Motors will invest $5 billion in Mexico to double its production capacity at its plants around the country, Mexican Economy Minister Ildefonso Guajardo said on Thursday. The investment would be made through 2018, said Ernesto Hernandez, president and managing director for General Motors in Mexico. The investment will be directed...

  • Coach shares rise on report of LVMH interest Thursday, 11 Dec 2014 | 1:50 PM ET

    Dec 11- Coach Inc shares rose the most in four months, with traders citing a retail industry news website report that French luxury products company LVMH Moet Hennessy Louis Vuitton SA was interested in buying the handbag maker. Coach, founded in 1941 in a Manhattan loft, has reported declining sales for five quarters in a row, losing market share to newer entrants...

  • BEVERLY HILLS, Calif., Dec 11- Surreal show business satire "Birdman," a darling of critics because of its innovative storytelling, led the Golden Globe Awards film nominations on Thursday, with its seven nods making it a frontrunner early in the Hollywood awards season. Fox Searchlight Pictures' "Birdman" was directed by Mexican filmmaker Alejandro G. Inarritu and...

  • *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks bounced back on Thursday, with all three major indexes surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending. "It suggests overall spending is going to do well, and today's rally confirms the resumption of a year-end...

  • WASHINGTON, Dec 11- Chances that U.S. negotiators can bring home a strong trade deal with Asia-Pacific countries are now much better than 50-50, U.S. Obama said he was also confident the administration could make a "strong case" in Congress for a Trans-Pacific Partnership deal covering nearly 40 percent of the world economy. Obama said the administration would...

  • Dec 11- With the deadline approaching for individuals to renew healthcare plans purchased on HealthCare.gov, Aetna has begun to see a surge in customers for 2015, the insurer's new president said on Thursday during a meeting with analysts and investors. HealthCare.gov has a Dec. 15 deadline for individuals to renew their 2014 plans or select new ones before it...

  • *Indonesia Nov refined tin shipments fall to 8- yr low. KUALA LUMPUR/ LONDON, Dec 11- Aluminium slipped while some other base metals eked out modest gains on Thursday after diverging signals about global growth from China and the United States. "I think the macro outlook is dire in a general sense, so that's why I think we're drifting lower," said trader Tom Laverman at...

  • Dec 11- Shares of Momo Inc, a Chinese mobile chat app firm backed by Alibaba Group Holding Ltd, rose as much as 16 percent in their U.S. debut, shrugging off allegations of misconduct and corruption against the company's CEO. The company's CEO and co-founder Tang Yan faces allegations of stealing information and technology from his former employer, NetEase Inc..

  • CURITIBA, Brazil, Dec 11- Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies on Thursday. They were also indicted on charges of corruption, money laundering and organized crime in a...

  • U.S. House rejects making charity tax breaks permanent Thursday, 11 Dec 2014 | 1:09 PM ET

    Dec 11- The U.S. House of Representatives on Thursday rejected legislation to make three U.S. tax breaks for certain kinds of charitable donations permanent parts of the tax code, handing a defeat to the chamber's top tax law writer. Representative Dave Camp, the Republican chairman of the House Ways and Means Committee, proposed the bill at the 11th hour in the...

  • Dec 11- Sony Pictures Entertainment was trying to stop downloads of its documents stolen in a massive hack at the film and television studio late last month, technology news website Re/code reported, citing two people familiar with the matter. One of the sources told Re/Code Sony was using Amazon Web Services, Amazon.com Inc's cloud computing services.

  • WASHINGTON, Dec 11- Jack Reed can see the recovery taking hold at his family's 109- year-old clothing store in Tupelo, Mississippi, with sales buoyed in part by the paychecks tied to a Toyota plant up the road and rising confidence that the jobs are here to stay. Our shoppers seem more confident than they did a year ago, "said Reed, 63, whose chain of four stores clocked a...

  • WASHINGTON, Dec 11- The U.S. Air Force general who runs the F-35 fighter jet program on Thursday said the total value of maintenance work on the new warplane could amount to "hundreds of billions of dollars" globally over the next 50 years. Lieutenant General Chris Bogdan on Thursday announced that Italy and Turkey would take the lead for airframe and engine...