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  • *Wal-Mart climbs in premarket after results. *Berkshire Hathaway to buy Duracell from Procter& Gamble. NEW YORK, Nov 13- U.S. stocks were poised to open little changed on Thursday, as the Dow and S&P hovered near record highs following earnings from Wal-Mart and data on the labor market.

  • LONDON, Nov 13- Beijing is one of the most polluted cities in China, according to official statistics. Every time China hosts a major international event the government has to take extraordinary measures to clean up the air and avoid suffocating its prominent guests in a dangerous choking smog. In a ranking of China's 31 provincial-level capital cities, Beijing...

  • NEW DELHI/ MUMBAI, Nov 13- India's Finance Ministry and central bank will reconvene in a day or two after failing to come to a decision on Thursday over whether to restrict gold imports after inbound shipments surged in the past two months, pressuring the country's trade deficit. October shipments to India, the world's No.2 gold consumer behind China, jumped to...

  • SAO PAULO, Nov 13- Biosev SA, the Brazilian sugar and ethanol unit of French commodities trader Louis Dreyfus Corp, posted a quarterly loss as revenue fell due to stock building efforts. Although adjusted net debt rose 11 percent to 4.10 billion reais on Sept. 30 from the end of the first quarter on June 30, Biosev reduced short-term debt by 11 percent as it shifted to...

  • Nov 13- Student loan servicing company Navient Corp said it would buy a portfolio of federally guaranteed student loans from Wells Fargo& Co, totaling $8.5 billion. The acquisition is expected to close in the quarter ending December, Navient said. Due to a change in federal law, Wells Fargo had not issued federal student loans since June 30, 2010, the bank said in a...

  • U.S. jobless claims rise but still close to 14-year low Thursday, 13 Nov 2014 | 8:36 AM ET

    WASHINGTON, Nov 13- The number of Americans filing new claims for unemployment benefits rose more than expected last week, yet it remained near a 14- year low in a reminder that one small part of the labor market has returned to full health. Initial claims for state unemployment benefits rose 12,000 290,000 for the week ended Nov. 8, the Labor Department said on...

  • Nov 13- Wal-Mart Stores Inc reported a higher-than-expected profit as comparable sales at its U.S. stores rose for the first time in seven quarters, helped by its small-format' Neighborhood Market' stores and higher prices. Wal-Mart has been facing sluggish sales in the United States as its core low-income customers struggle with stagnant wage growth and...

  • LONDON, Nov 13- Asda, the British arm of the world's biggest grocer Wal-Mart, said underlying sales fell in its third quarter, hit by subdued consumer spending and sliding prices. Asda, which trails market leader Tesco by annual sales and is vying with Sainsbury's to be Britain's No. 2 grocer, said on Thursday sales at stores open over a year, excluding petrol, fell 1.6...

  • Nov 13- Warren Buffett's Berkshire Hathaway Inc said it would buy Procter& Gamble Co's Duracell battery business in exchange for its entire $4.7 billion stake in the world's No. 1 household products maker. "I have always been impressed by Duracell, as a consumer and as a long-term investor in P&G and Gillette," Berkshire Hathaway Chief Executive Warren Buffett...

  • Nov 13- Canada's PrairieSky Royalty Ltd, which was spun off from EnCana Corp earlier this year, said it would buy peer Range Royalty Ltd Partnership in a deal worth C $699 million to gain exposure to the Viking light oil field in Saskatchewan. The Viking field was expected to "provide strong oil production growth in the coming years," Chief Executive Andrew Phillips...

  • Europe shares fall as energy stocks sag along with oil Thursday, 13 Nov 2014 | 8:10 AM ET

    Brent futures tumbled nearly 2 percent to below $79 a barrel, hitting a four-year low, dragged down in part by data showing that China's economy lost further momentum in October. Shares in Total fell 1.4 percent, Seadrill dropped 3.3 percent and Saipem shed 4 percent. Britain's FTSE 100 equity index was down by 0.1 percent, France's CAC fell 0.4 percent while...

  • Nov 13- Department store operator Kohl's Corp reported lower-than-expected quarterly sales and profit as comparable-store sales declined more than the company's own estimate and costs rose. Rival J.C. Penney Co Inc on Wednesday reported flat comparable-store sales as autumn sales slow, while Macy's Inc said it expected comparable-store sales, excluding...

  • PARIS, Nov 13- Indonesia's Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief executive Rusdi Kirana said. The 51- year-old former travel agent captured international attention when he announced record purchases of jets from Boeing and Airbus to serve...

  • Nov 13- PrairieSky Royalty Ltd, which was spun off from EnCana Corp earlier this year, said it would acquire peer Range Royalty Ltd Partnership in a deal worth C $699 million. Both companies own properties in Western Canada and collect royalties from oil companies operating on these properties. PrairieSky also said it intends to increase its annual dividend to C...

  • But a series of failed deals, including the collapse of a $55 billion tie-up between UK drugmaker Shire and U.S. peer AbbVie, has led to losses for some of the world's biggest proponents of the strategy, with investors pulling out $3.3 billion in the last two months alone. "The AbbVie/ Shire break, in particular, has led to a far reaching de-risking exercise for many...

  • Nov 13- Viacom Inc, owner of the Paramount movie studio and cable network MTV and Comedy Central, reported stronger-than-expected profit and revenue due to higher affiliate fees and the box-office success of movies such as "Transformers: Age of Extinction". Revenue in Viacom's movie business, the company's second biggest, rose 12 percent in the fourth quarter,...

  • Berkshire Hathaway to acquire P&G's Duracell Thursday, 13 Nov 2014 | 7:51 AM ET

    Nov 13- Berkshire Hathaway Inc said it would acquire Procter& Gamble Co's Duracell battery business. Berkshire said Procter& Gamble will receive P&G shares worth about $4.7 billion currently held by Berkshire. P&G said it would contribute about $1.8 billion in cash to recapitalize Duracell before the transaction.

  • Cepheid receives grant to develop Ebola diagnostic test Thursday, 13 Nov 2014 | 7:50 AM ET

    Nov 13- Molecular diagnostics company Cepheid said it received a grant of up to $3.3 million, co-financed by the Paul G. Allen Family Foundation and the Bill& Melinda Gates Foundation, to develop a diagnostic test for the deadly Ebola virus. The Xpert Ebola test, which is expected to use saliva or a drop of blood to identify the virus, is likely to be offered on an...

  • Nov 13- PrairieSky Royalty Ltd, which was spun off from EnCana Corp earlier this year, said it would acquire peer Range Royalty Ltd Partnership in a deal worth $699 million. Both companies own properties in Western Canada and collect royalties from oil companies operating on these properties. PrairieSky also said it intends to increase its annual dividend to...

  • LONDON, Nov 13- London Stock Exchange Group shares hit an all-time high on Thursday after it reported jumps in first-half revenue and profit and raised its dividend. The stock was up 2.9 percent at 2083 pence at 1110 GMT versus a slightly higher UK blue-chip index. Chief Executive Xavier Rolet said the pipeline for listings remained strong, with Virgin Money's...