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  • SAN FRANCISCO/ WASHINGTON Jan 15- U.S. healthcare executives say Obamacare is likely here to stay, despite repeated calls from Republican lawmakers for repeal of the 2010 law aimed at providing health coverage for millions of uninsured Americans. Top executives who gathered in San Francisco this week for the annual J.P. Morgan Healthcare conference, say that...

  • *Bank of America, Citi fall after results. *Swiss National Bank scraps three-year-old euro cap on franc. "We're probably going to see slowing in the global economy, and it will be very difficult to sail through a global recession without getting touched," said Scott Colyer, chief executive officer of Advisors Asset Management in Monument, Colorado.

  • HOUSTON, Jan 15- BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller than thought. The ruling by U.S. District Court Judge Carl Barbier put the spill's size well below the 4.09 million barrel estimate of the...

  • VIENNA, Jan 15- A Greek exit from the euro zone would be an "extremely dangerous" move for the country and a danger for the rest of Europe as well, European Central Bank policymaker Ewald Nowotny said. "It would be an extremely dangerous development for the Greeks and it would be a dangerous development for all of Europe because we know it is not just a matter of leaving...

  • Jan 15- Chipmaker Intel Corp forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down about 2 percent in extended trading. "The top line looked a little bit light of the Street and gross margin looked a little bit light," Christopher Rolland, an analyst at FBR Capital Markets, said. Net income rose to $3.66 billion, or...

  • TORONTO/ MONTREAL, Jan 15- Target Corp's abrupt decision to withdraw from Canada is troubling news for many mall owners, as the most obvious potential buyer of property assets- Wal-Mart- is expected to cherry-pick from Target's 133 locations. Wal-Mart Stores Inc, the world's biggest retailer, already has stores near most Target locations, said Jim Danahy, chief...

  • A Jan. 5 memorandum signed by top Navy and Marine Corps officials described plans to use the V-22, built by Boeing Co and Textron Inc's Bell Helicopter unit, instead of opting for a new plane, or upgrading the existing C-2As. Navy acquisition chief Sean Stackley declined to confirm the Navy had decided to use the V-22 for the carrier on-board delivery mission, but he...

  • UPDATE 2-FX market absorbs 'meteorite' of Swiss shock Thursday, 15 Jan 2015 | 5:05 PM ET

    LONDON, Jan 15- The foreign exchange market defied worries about systemic failure on Thursday as Switzerland's move to cut its franc currency loose jolted it with the biggest market swing since the 1970 s. "This was really a meteorite crashing into the foreign exchange market," said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange in New...

  • DETROIT, Jan 15- Sweden's Volvo Car Group, set to start shipping Chinese-produced midsize sedans for sale in the United States later this year, may add additional export markets in the Asia-Pacific region and elsewhere, Chief Executive Hakan Samuelsson said. Volvo earlier this week announced that the unit of China's Zhejiang Geely Holding Group Co plans to...

  • Jan 15- The week before Christmas, a fire gutted the Beverly, Massachusetts home shared by Kevin Wagner, his fiancée and their four young children. For the $25,000 Wagner's friends raised on DreamFund, that amounts to $2,000, and another $800 went to GoFundMe and its credit card processors for the $10,000 raised on that platform. More than 2,000 crowdfunding...

  • Schlumberger revenue rises 6 pct Thursday, 15 Jan 2015 | 4:31 PM ET

    Jan 15- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 6 percent rise in quarterly revenue, helped by efficiency improvements in North America and resilient drilling activity in the Middle East and Asia. Net income attributable to the Houston, Texas- based company fell to $302 million, or 23 cents per share, in the fourth quarter ended...

  • Intel revenue rises 6.4 pct Thursday, 15 Jan 2015 | 4:21 PM ET

    Jan 15- Intel Corp reported a 6.4 percent rise in quarterly revenue as sales of personal computers stabilized. Net income rose to $3.66 billion, or 74 cents per share, for the quarter ended Dec. 27, from $2.6 billion, or 51 cents per share, a year earlier. Revenue rose to $14.7 billion from $13.8 billion.

  • Depomed to pay $1 bln for J&J pain drug franchise Thursday, 15 Jan 2015 | 4:15 PM ET

    Jan 15- Depomed Inc on Thursday said it has agreed to pay $1.05 billion to acquire the U.S. rights to Johnson& Johnson's Nucynta opioid pain drug franchise, giving the smaller company a new flagship product expected to significantly add to revenue and earnings. Over the 12 months ending in September, the Nucynta franchise had sales of $166 million- something of an...

  • WASHINGTON, Jan 15- The White House on Thursday said legislation was not necessary to settle so-called "net neutrality" rules because the Federal Communications Commission had the authority to write them. Republicans in Congress are trying to drum up support for a bill that would counter the FCC's upcoming new rules. "In terms of legislation, we don't believe...

  • NEW YORK, Jan 15- U.S. stocks fell for a fifth straight day on Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on U.S. earnings. With the day's decline, the S&P 500 closed below the 2,000 level for the first time in about a month. The Dow Jones industrial average fell 102.11 points, or 0.59 percent, to...

  • But Hyundai told its advisers at Citi that no clear plans had been made regarding restructuring, the source said on condition of anonymity because the talks were confidential. "Hyundai has not provided a big picture for how it is going to restructure the group as succession looms. As Samsung, Hyundai and other chaebols restructure their sprawling affiliates to...

  • OTTAWA, Jan 15- Canada has postponed a summit with the leaders of the United States and Mexico, officials said on Thursday, amid persistent tensions over the construction of TransCanada Corp's Keystone XL pipeline and other issues. "It's my understanding that... has been postponed from early this year to later in the year," White House spokesman Josh Earnest said in...

  • NEW YORK, Jan 15- U.S. 30- year Treasuries yield fell on Thursday to record lows for a second day after a surprise interest rate cut and dumping of a currency cap by the Swiss central bank stoked demand for higher-yielding U.S. government debt. The Swiss National Bank lowered its policy rates by 50 basis points, pushing them further into negative territory to -0.75...

  • U.S. oil train safety proposal due in May Thursday, 15 Jan 2015 | 3:48 PM ET

    WASHINGTON, Jan 15- The U.S. Transportation Department will offer a new design for oil trains by mid-May as officials try to make sure crude oil is moving safely on the tracks, officials said this week. The Office of Management and Budget, which gives federal proposals a final review, is due to make the report public by May 12. Reuters reported this week that Canada is...

  • *U.S. Labor Department reports more jobless claims. NEW YORK, Jan 15- Oil prices declined on Thursday as an erratic dollar and expectations of weakening demand dashed hopes that a strong rally Wednesday might have signaled a bottom to the seven-month price rout. "I think you're getting confirmation that yesterday's price move may have just been a blip," said Brian...