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  • *Staples, Office Depot in advanced merger talks- WSJ. NEW YORK, Feb 3- U.S. stocks jumped more than 1 percent on Tuesday, led by energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance. Merger activity also helped, with shares of Office Depot jumping 21.6 percent to $9.28 after the Wall Street...

  • WASHINGTON, Feb 3- The White House on Tuesday issued a veto threat for a U.S. House of Representatives bill called the Small Business Regulatory Flexibility Improvements Act that it said would add new costly requirements for regulations affecting small businesses.

  • NEW YORK, Feb 3- Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday. The decision was part of Credit Suisse's ongoing review of its investment banking business and does not affect the rest of its retail execution...

  • TORONTO, Feb 3- Canada's most prominent securities regulator said on Tuesday it is looking at launching a whistleblower program that would pay up to C $1.5 million to tipsters who help it snare those breaking securities laws. The Ontario Securities Commission proposal, the first of its kind in Canada, comes after the U.S. Securities and Exchange Commission...

  • WASHINGTON, Feb 3- The White House issued a formal veto threat on Tuesday for a U.S. House of Representatives bill called the Unfunded Mandates Information and Transparency Act that would create new judicial reviews of regulations.

  • RIO DE JANEIRO, Feb 3- Petrobras shares jumped more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported that Brazilian President Dilma Rousseff has decided to replace the chief executive officer of the embattled state-run oil company. The presidential press office denied the report in Folha de S.Paulo, but...

  • Feb 3- DuPont has interviewed activist investment firm Trian Fund Management LP's slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical company over the composition of its board. Trian has put John Myers, Arthur Winkleblack, Robert Zatta and Peltz forward for...

  • Feb 3- The U.S. Food and Drug Administration on Tuesday said it had approved Pfizer Inc's experimental breast cancer drug Ibrance, a regulatory decision that came more than two months earlier than expected. Wall Street has considered the drug, whose chemical name is palbociclib, to be one of the most promising medicines in Pfizer's development pipeline.

  • DETROIT, Feb 3- Extra costs for recalls last year cut a full percentage point from North American profit margins for Fiat Chrysler Automobiles, the company said on Tuesday, with an unplanned repair bill of about $830 million. Richard Palmer, the company's chief financial officer, said that without the extra recall costs, profit margins at FCA in North America...

  • Take-Two said it now expects adjusted revenue of $1.65 billion- $1.70 billion for the year ending March 31, up from its previous forecast of $1.4 billion- $1.5 billion. It also raised its adjusted profit per share forecast for the year to $1.65- $1.75 from $1.05- $1.30. Adjusted net income rose to $211.6 million, or $1.87 per share, for the third quarter ended Dec. 31,...

  • Disney first-quarter revenue rises 9 pct Tuesday, 3 Feb 2015 | 4:27 PM ET

    Feb 3- Walt Disney Co's quarterly revenue rose 8.8 percent, helped by an increase in visitors to its theme parks in the holiday quarter and higher sales of toys and merchandise based on its hit movie "Frozen." Net income attributable to Walt Disney rose to $2.18 billion, or $1.27 per share, in first quarter ended Dec. 27, from $1.84 billion, or $1.03 per share, a year...

  • DETROIT, Feb 3- U.S. auto sales in January month were the highest for any January since 2006, Autodata Corp said on Tuesday.

  • Barry Diller's IAC reports 14.7 pct rise in revenue Tuesday, 3 Feb 2015 | 4:21 PM ET

    Feb 3- Barry Diller's IAC/InterActiveCorp reported a 14.7 percent rise in quarterly revenue, helped by higher income from its dating websites and Vimeo video service. The company's net income fell to $70.2 million, or 78 cents per share, in the fourth quarter ended Dec. 31, from $76.9 million, or 88 cents per share, a year earlier. Revenue rose to $830.8 million from...

  • NEW YORK, Feb 3- A federal judge on Tuesday rejected Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion civil penalty. He also rejected Bank of America's alternative request for a new trial. The U.S. Department of Justice had...

  • Feb 3- J M Smucker Co, the maker of Folgers coffee, said it would buy privately held pet food maker Big Heart Pet Brands in a cash-and-stock deal valued at about $5.8 billion. J M Smucker said it would offer about 17.9 million shares to Big Heart's shareholders and pay $1.3 billion in cash. J M Smucker will also assume about $2.6 billion of net debt of Big Heart Pet Brands.

  • Macy's full-year profit estimate tops forecast Tuesday, 3 Feb 2015 | 4:15 PM ET

    Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit of $4.35- $4.37 per share, higher than its previous forecast of $4.25- $4.35 per share.

  • Feb 3- The European Central Bank is unwilling to approve Greece's proposal to sell short-term Treasury bills worth 10 billion euros to tide over the debt-ridden country for the next three months, the Financial Times reported on Tuesday. Greece's new leftist government has made it clear it wants to end the existing arrangement with the European Union, the...

  • Feb 3- Take-Two Interactive Software Inc, a video game publisher, reported a 24.3 percent jump in quarterly adjusted revenue, helped by the runaway success of the "Grand Theft Auto V" game for new consoles. Adjusted net income rose to $211.6 million, or $1.87 per share, for the third quarter ended Dec. 31, from $210.7 million, or $1.70 per share, a year earlier.

  • NEW YORK, Feb 3- U.S. stocks rose more than 1 percent on Tuesday, led by gains in energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.

  • *Greece's softer stance on debt soothes investor jitters. "A lot of factors were jacking up the back end of the yield curve," said Richard Gilhooly, interest rate strategist at TD Securities in New York. The bond sell-off began after Japan's Ministry of Finance sold 2.4 trillion yen 10- year JGBs to unexpectedly weak demand and news Greece's that new government...