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  • US STOCKS-Wall Street falls as energy sector weighs Wednesday, 10 Dec 2014 | 10:00 AM ET

    *Costco, Toll Brothers post quarterly results. NEW YORK, Dec 10- U.S. stocks were lower shortly after the opening bell on Wednesday, weighed down by a sharp decline in the energy sector as oil prices slumped. "Energy is such a broad sector and yet the group as a whole has captured the imagination of investors by its overall weakness," said Eric Weigand, senior portfolio...

  • Petrobras funding options run slim as scandal deepens Wednesday, 10 Dec 2014 | 9:55 AM ET

    SAO PAULO, Dec 10- Brazil's state-controlled oil firm Petrobras may have to hike fuel prices, cut spending or seek a capital injection from the government next year as a widening corruption probe threatens to temporarily leave it out of capital markets. If auditors fail to approve its annual results by April, that could trigger early repayment of as much as $11...

  • Dec 10- Glencore promised on Wednesday to focus on returning cash to shareholders rather than spending it on a disruptive expansion of output that could weigh on prices of the commodities it mines and trades. Some of Glencore's senior executives are among the largest shareholders in the company. Glencore shares are roughly flat on the year but have performed...

  • After protests, Brazil cities try again to hike bus fares Wednesday, 10 Dec 2014 | 9:55 AM ET

    SAO PAULO, Dec 10- Brazilian cities are pressing ahead with plans to raise bus fares, despite threats of a repeat of street protests that shook President Dilma's Rousseff's government last year. The fare hikes are seen as an important test case for Rousseff's plan to roll out several unpopular measures, including higher taxes and budget cuts, in an effort to...

  • US appeals court vacates two insider trading convictions Wednesday, 10 Dec 2014 | 9:49 AM ET

    The U.S. Second Circuit Court of Appeals ruled that the convictions of Todd Newman and Anthony Chiasson should be vacated and their indictment dismissed with prejudice, the filing said.

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. *WTI falls almost $2 to $61.97/ bbl, lowest since July 2009. U.S. crude was down $1.69 at $62.13, having fallen $1.85 to $61.97 in early New York trading, its lowest since July 2009.

  • NEW YORK, Dec 10- U.S. "I'm not quite so sure that demand is going to be as strong as what it might have been at a little bit lower levels, but given the positive outlook for inflation and demand for U.S. debt compared to other global sovereign yields, I would suspect that the auctions should go well," said Mary Ann Hurley, vice president of trading at D.A. Davidson Co. in...

  • *Oil price slump could herald return of mega-mergers. LONDON, Dec 10- Plunging oil prices look set to trigger another wave of industry consolidation after a decade when mega-deals were scarce, but investors want to see mergers that can squeeze out cost savings and only after a lavish dividend is paid. "Anyone who doesn't think consolidation is going to happen must...

  • *Eneva says creditor protection plan to help preserve cash. *Eneva plan unlikely to hamper E.ON' s EBITDA, net income. SAO PAULO/ FRANKFURT, Dec 10- Eneva SA, the Brazilian power producer controlled by Germany's E.ON SE and tycoon Eike Batista, filed for creditor protection late on Tuesday after failing to refinance part of its 2.33 billion reais in debt.

  • NEW YORK, Dec 10- U.S. stocks opened lower on Wednesday with energy stocks down for a fourth day in five as crude prices touched fresh five-year lows.

  • *Brent crude drops below $66 a barrel. *Costco, Toll Brothers post quarterly results. NEW YORK, Dec 10- U.S. stocks were set for a modestly lower open on Wednesday, a day after stocks staged an intraday rally to erase a decline of nearly 1.3 percent and close out trading nearly flat.

  • WEST HOLLYWOOD, Calif., Dec 10- The actors of "Birdman," " The Grand Budapest Hotel," "Boyhood," "The Theory of Everything" and "The Imitation Game" earned Screen Actors Guild award nominations for best ensemble cast, the top film prize from the organization, it announced on Wednesday. The SAG awards, which are voted on by more than 100,000 actors, honor film and television...

  • NEW YORK, Dec 9- Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation's cash flow, compounding already weak economic conditions. Analysts point out that Venezuela, despite all its debt, is not a heavily indebted nation.

  • LONDON, Dec 10- Growing worries that plunging oil prices may send the euro zone into a deflationary spiral will push the European Central Bank to buy sovereign debt early next year, a Reuters poll showed. Economists were near unanimous: 25 of 27 said the ECB would begin buying sovereign bonds within a few months, some half a decade after the Bank of England and...

  • LONDON, Dec 10- British finance minister George Osborne's plans to cut state spending to its lowest since the 1930 s are unrealistic, according to a firm majority of economists polled by Reuters. With less than five months before the next general election, Osborne last week sought to impress voters with new plans to put Britain's budget back in the black before...

  • DUBAI, Dec 10- Iranian President Hassan Rouhani has blamed unnamed countries of plotting to bring down crude prices and said the recent slump in oil prices was not based solely on economic factors. While some such as Iran and Venezuela have urged an output cut to support prices, the Organization of the Petroleum Exporting Countries decided in a meeting last...

  • 'BIRDMAN,'' THE GRAND BUDAPEST HOTEL,'' THE THEORY OF EVERYTHING,'' BOYHOOD' AND' THE IMITATION GAME' ACTORS EARN TOP SAG FILM AWARD NOMINATION.

  • GENEVA, Dec 10- An aviation industry task force has recommended that airlines should install available flight-tracking systems within 12 months following the disappearance of a Malaysian jetliner with 239 people on board. "Airlines are taking the tracking issue very seriously," IATA Director General Tony Tyler told journalists. Its top safety official...

  • ICE NORTH SEA BRENT CRUDE OIL FUTURES FALL TO $65.28 A BARREL, DOWN $1.56 AND LOWEST SINCE SEPTEMBER 2009.