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  • NEW YORK, Feb 16- Soros Fund Management, the team investing billionaire George Soros' fortune, is betting big on consumer finance by taking a large position in Synchrony Financial, according to a U.S. securities filing on Tuesday. Soros now owns more than 7.1 million shares, its second-largest public stock position after Luxembourg- based agricultural company...

  • CHICAGO, Feb 16- Never in Illinois' modern history has a governor proposed a budget for an upcoming fiscal year without a current spending plan in place, but that odd political reality confronts Republican Governor Bruce Rauner as he delivers his second budget address on Wednesday. Yet there is little sense that the 7-1/ 2- month-long impasse between the...

  • "Zilretta has the potential to become an important new non-opioid treatment in a therapeutic area that hasn't seen meaningful innovation in many years," Chief Executive Officer Michael Clayman said, adding that the company is now preparing to submit a marketing application for the drug. "I think this blows a lot of the current therapies out of the water if you...

  • NEW YORK, Feb 16- Argentina has reached a deal with lawyers pursuing a U.S. class action lawsuit over defaulted debt to resolve the case, as part of the country's efforts to settle long-running litigation over its 2002 default, a court-appointed mediator said Tuesday. Daniel Pollack, a New York lawyer overseeing the settlement talks, said the agreement in...

  • Feb 16- Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as crude prices hover near 12- year lows. Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission...

  • RANCHO MIRAGE, Calif., Feb 16- President Barack Obama on Tuesday vowed to pick an indisputably qualified nominee to the Supreme Court and urged the Republican-led U.S. Senate to move forward on the nomination despite the rancor of Washington politics. "When there is a vacancy on the Supreme Court, the president of the United States is to nominate someone.

  • This brought Paulson's stake to 5.78 million shares worth $585.9 million on Dec. 31, the U.S. Securities and Exchange Commission 13 F-HR filing showed. Also in the three-month period ended Dec. 31, Caxton Corp eliminated its stake in Market Vectors Gold Miners ETF, having held 31,733 shares worth $436,000 in the third quarter, the 13 F-HR filing showed.

  • *Mills' plight highlights Pakistan privatisation struggles. KARACHI, Feb 17- Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' cavernous factory buildings on the outskirts of Karachi stand eerily still. The company has $3.5 billion in debt and accumulated losses, loses $5 million a week and has not produced steel at...

  • VICTORIA, British Columbia, Feb 16- British Columbia on Tuesday projected a budget surplus of C $264 million in fiscal 2016-17, the province's fourth consecutive balanced budget under the ruling Liberals, and unveiled measures to boost affordability in Vancouver's hot housing market. Finance Minister Michael de Jong also announced new measures aimed at...

  • PARIS, Feb 16- A bronze cast of French 19th century sculptor Auguste Rodin's famous "The Kiss" was bought by a U.S. collector for 2.2 million euros at a Paris auction on Tuesday. Three smaller casts also sold for more than double their estimate to French and European collectors at prices between 95,000 and 190,000 euros. The white marble version of the work housed in...

  • President Barack Obama said on Tuesday he and leaders of Southeast Asian countries meeting in a California summit discussed the need to ease tensions in the South China Sea, and agreed that any territorial disputes there should be resolved peacefully and through legal means. "The United States and ASEAN are reaffirming our strong commitment to a regional...

  • NEW YORK, Feb 16- Argentina has reached a deal with lawyers pursuing a U.S. class action lawsuit over defaulted debt to resolve the case, as part of the country's efforts to settle long-running litigation over its 2002 default, a court-appointed mediator said Tuesday. Daniel Pollack, a New York lawyer overseeing the settlement talks, said the agreement in...

  • President Barack Obama said on Tuesday the Constitution was clear about the nomination process for the Supreme Court and that he planned to nominate someone "indisputably" qualified for the post. "When there is a vacancy on the Supreme Court, the president of the United States is to nominate someone. The Senate is to consider that nomination and either they...

  • Feb 16- Union leaders at an air conditioner factory in Indianapolis threatened with losing 1,400 jobs to Mexico said on Tuesday the plant's owner expects to pay Mexican workers $3 an hour compared to an average of more than $20 an hour for the U.S. workers. The announcement last week from Carrier that it would shift 1,400 jobs from Indianapolis and 700 from...

  • Feb 16- Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as crude prices hover near 12- year lows. Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission...

  • The investigation by the SEC's Office of Inspector General followed a May 6, 2015 story in the Wall Street Journal, suggesting that chief SEC administrative judge Brenda Murray tried to sway agency judges to rule against defendants. The 2010 Dodd-Frank Wall Street reform law gave the SEC greater powers to file cases against a wider universe of defendants...

  • OTTAWA, Feb 16- Canadian Finance Minister Bill Morneau on Tuesday effectively conceded the government could not balance the budget as quickly as promised, saying the return to surplus would be achieved over the long term. The Liberals won power last October on a pledge to run three consecutive budget deficits of no more than C $10 billion a year to help fund...

  • COURT APPOINTED MEDIATOR IN ARGENTINE BOND LITIGATION SAYS SETTLEMENT REACHED IN U.S.

  • MEDIATOR DANIEL POLLACK SAYS SIZE OF CLASS WILL NOT BE KNOWN FOR' SEVERAL WEEKS'.

  • Feb 16- Warren Buffett's Berkshire Hathaway Inc plans to webcast its annual meeting for the first time, allowing the largest U.S. shareholder gathering to reach a global audience through Yahoo Inc's finance page. Viewers will be able to watch Buffett, Berkshire's 85- year-old chief executive officer, and Vice Chairman Charlie Munger, 92, field five hours of...