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*Hess to shut Port Reading refinery by end of February. NEW YORK, Jan 28- Hess Corp's decision to close its U.S. East Coast refinery, the latest plant to fall victim to weak profits in the Atlantic Basin, could threaten painful gasoline price spikes for regional drivers as local fuel supplies dwindle further.
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NEW YORK, Jan 28- The S&P 500 eased slightly on Monday after an eight-day run of gains, its longest winning streak in eight years, while the Nasdaq edged higher as Apple shares rebounded. The Dow Jones industrial average dropped 12.98 points, or 0.09 percent, to 13,883.00. The Nasdaq Composite Index gained 4.59 points, or 0.15 percent, to 3,154.30.
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MUMBAI, Jan 29- India's central bank is widely expected make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due worries over the fiscal and external deficits and inflation.
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SAN FRANCISCO, Jan 28- Apple Inc's shareholders have been hit by one of the bloodiest weeks in the history of the stock, but wider fallout from such weakness might more important to the long-term value of their investments.
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*Technical pressure adds to platinum selling below $1,700. *Russia, Turkey sharply added gold reserves in December. NEW YORK, Jan 28- Platinum posted its biggest one-day drop in over a month on Monday, as news the world's largest platinum producer Anglo American Platinum agreed to postpone massive job cuts eased supply fears.
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*Hess shutting New Jersey refinery, gasoline futures surge. NEW YORK, Jan 28- Oil prices rose on Monday, led by a 2 percent gain in U.S. gasoline following news that Hess Corp will close a New Jersey refinery, tightening supplies in the giant Northeast gasoline market.
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Jan 28- Caterpillar Inc, the world's largest maker of construction equipment, posted a 55 percent drop in quarterly profit on Monday and set a cautious tone for the year, citing weak demand and oversupply. However, investors took heart in Caterpillar's 2013 profit forecast of $7 to $9 per share, lifting the stock 1.8 percent in afternoon trading.
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PARIS/ DETROIT, Jan 28- Airbus warned the airline industry of risks related to lithium batteries almost a year before two safety incidents grounded 787 Dreamliners built by its chief rival Boeing, according to a presentation seen by Reuters.
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CARACAS, Jan 28- South American OPEC member Venezuela is modifying its windfall oil tax system to redistribute revenues and channel more dollars to the Central Bank, the energy minister said on Monday.
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WASHINGTON, Jan 28- Federal and state regulators on Monday shut down direct-sales company Fortune Hi-Tech Marketing following complaints that the company was operating a pyramid scheme.
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Brent March crude rose 20 cents, or 0.18 percent, to settle at $113.48 a barrel, having traded from $112.60 and $113.80.
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NEW YORK, Jan 28- The dollar fell from 2-1/ 2- year peaks against the yen on Monday as investors consolidated their positions and locked in profits on the greenback's recent rally even as its uptrend is likely to hold given expectations of further monetary easing in Japan.
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NEW YORK, Jan 28- U.S. But caution ahead of key data on the U.S. economy and the Federal Reserve's first policy meeting of the year helped keep a lid on Wall Street stocks despite a solid earnings report from Caterpillar.
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WASHINGTON, Jan 28- The U.S. Senate plans to vote on a long-delayed $50.5 billion aid package for victims of Superstorm Sandy on Monday, three months after the storm devastated New Jersey and New York coastlines and destroyed thousands of homes and businesses.
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WASHINGTON, Jan 28- Democratic leaders in the U.S. Senate hope to put immigration reform legislation on a fast-track, possibly passing a bill by the middle of this year, Senator Charles Schumer of New York said on Monday.
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*Elliott Associates may nominate directors to Hess board. Jan 28- Hess Corp on Monday announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.
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*Jesse Litvak said to defraud TARP, investors. *SEC files parallel civil charges. Jesse Litvak, 38, who had been a senior trader at Jefferies, was accused of misrepresenting the prices of securities in trades he helped arrange.
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NEW YORK, Jan 28- U.S. crude futures rose on Monday in choppy trading, lifted by supportive durable goods data and by strong gasoline futures, which rose 2 percent on Hess Corp's plans to shut a refinery in the Northeast.
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*LNG exports planned from Elba Island near Savannah, Georgia. NEW YORK, Jan 28- With U.S. natural gas prices stuck at much less than half global levels, Royal Dutch Shell and Kinder Morgan Inc said on Monday they are teaming up to export liquefied natural gas from a terminal that was originally built to import gas.
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MIAMI BEACH, Fla., Jan 28- I ntercontinentalExchange Inc has received inquiries from rivals interested in buying NYSE Euronext's European stock exchanges once ICE completes its planned purchase of the New York- based exchange operator, ICE's chief executive said on Monday.