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  • NEW YORK, Feb 10- Investors in U.S.-based mutual funds poured $8.1 billion into stock funds in the latest week, marking the biggest inflows since Nov. 2013 on views that recent weakness has made U.S. shares more attractive and overseas stocks remained promising. Investors committed $2.3 billion to funds that specialize in U.S. shares in the week ended Feb. 3,...

  • NEW YORK, Feb 10- Gold option volatility surged to the highest in more than a year as investors have placed new bullish bets that prices will extend their recent rally to multi-month highs amid greater appetite for safe-haven assets and global economic concerns. With prices briefly tapping the key psychological level of $1,200 per ounce on Monday, the buying...

  • WASHINGTON, Feb 10- The U.S. government and the country's largest life insurer squared off in federal court on Wednesday over whether regulators can designate non-banking firms as "too big to fail," one of the major reforms that followed the financial crisis. District Judge Rosemary Collyer heard MetLife Inc.' s arguments that the Financial Stability Oversight...

  • Feb 10- Entergy Corp said on Wednesday it found elevated levels of tritium, a weak radioactive isotope of hydrogen, in groundwater samples at the Indian Point nuclear power plant in New York state. New York Governor Andrew Cuomo, who wants Indian Point shut because he does not believe the population around the plant- including New York City- could be evacuated if...

  • Retrophin, under former Chief Executive Martin Shkreli, raised the price of the drug from $1.50 to $30 per tablet after buying the rights from Mission Pharmacal Co in 2014, Imprimis said. The company also makes a $1 copycat of Turing Pharmaceuticals' anti-infective drug, Daraprim, whose price was raised from $13.50 to $750 per pill by Shkreli's in a...

  • SAN JUAN, Feb 10- Creditors of Puerto Rico's sales tax authority, COFINA, made a counter-offer on Wednesday to Puerto Rico's Feb. 1 debt exchange proposal, saying they would extend maturities but forgo cuts to principal that the original offer would entail. Under Puerto Rico's Feb. 1 proposal, COFINA holders would face repayment reductions of about 51 percent.

  • Feb 10- Hot dogs will hit the permanent menu at Burger King restaurants in the United States this month, in one of the chain's biggest menu updates in years. However, others were licking their lips in anticipation of the Feb. 23 addition to Burger King's permanent menu. Ronnie Vaughan agreed, tweeting "As a big hot dog guy, zBurgerKing adding them to the menu is an A+ move."

  • NEW YORK, Feb 10- The American Fuel& Petrochemical Manufacturers said on Wednesday it has filed a lawsuit challenging the U.S. environment regulator's biofuels policy, the latest industry body to join a legal battle over the controversial program. The organization, which represents oil companies, said the petition to the U.S. Court of Appeals is targeting the...

  • US 10- YEAR TREASURY YIELDS FALL TO SESSION LOWS OF 1.71 PERCENT AFTER SOLID AUCTION.

  • WASHINGTON, Feb 10- The White House promised on Wednesday that it would be able to uphold U.S. commitments to an international climate change agreement, as a court ruling heightened concerns about the stability of the global carbon reduction pact reached last year. While the Clean Power Plan was expected to be the main tool for the United States to fulfill its...

  • NEW YORK, Feb 10- New York City's fiscal watchdog said the city faces much bigger budget deficits in coming years than the mayor has forecast and warned state lawmakers about treating the city like a "piggy bank." The state, like the city, is finalizing its budget and will soon make decisions that will affect New York City. New York State Governor Andrew Cuomo has had a...

  • WASHINGTON, Feb 10- The U.S. Securities and Exchange Commission on Wednesday approved rules governing swaps that involve foreign dealers with trading desks on U.S. soil. The top securities regulator proposed the rules in 2013 and then revised the draft in April in an effort to better fit the highly illiquid derivatives markets that the SEC oversees.

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint, and to keep the Detroit Public Schools from running out of cash as early as April. During his budget presentation before the House and Senate...

  • *Nigeria suffering its worst economic crisis for decades. LAGOS/ ABUJA, Feb 10- Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and government sources said on Wednesday. They also said Nigeria- which is suffering its worst economic crisis for...

  • WASHINGTON, Feb 10- The U.S. government posted a $55 billion budget surplus in January, up from an $18 billion deficit in the same month a year ago, the Treasury Department said on Wednesday. Receipts last month totaled $314 billion, while outlays stood at $258 billion. Accounting for those adjustments, the January surplus was $15 billion, compared to an adjusted $2...

  • WASHINGTON, Feb 10- A senior House Republican warned on Wednesday that differences among lawmakers over a spending increase could threaten plans for a more orderly budget process under House Speaker Paul Ryan, who has been basking in a honeymoon period. The comments from House Appropriations Chairman Hal Rogers came as Ryan was facing the first big challenge...

  • BOGOTA, Feb 10- Foreign investors reduced their participation in Colombian debt in January by 1.1 trillion pesos, the finance ministry said on Wednesday, the first fall in six months. Analysts say a delay in tax reforms and worries about a potential cut in Colombia's credit rating have sparked uncertainty among international investors. Foreign investment in...

  • *Company sets aside $245 m for settlement in Brazil. The company reached a record $240 million settlement in November 2014 with Dutch and U.S. authorities relating to corruption charges in Angola, Brazil and Equatorial Guinea, over an estimated $200 million in bribes paid between 2007 and 2011.. The company, which generates roughly 60 percent of revenue in...

  • *Daimler takes charge of 340 million euros. FRANKFURT/ WASHINGTON, Feb 10- The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. The vehicles to be recalled have Takata-made air bag...

  • Feb 10- Wall Street was on track to snap a three-day losing run on Wednesday after comments by Federal Reserve Chair Janet Yellen eased investor concerns about the capacity of the economy to absorb a gradual rise in interest rates. Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks to the U.S. economy, but told...