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  • NEW YORK, Feb 9- Burberry Group Plc, the British luxury fashion brand, sued J. C. Penney Co on Tuesday, accusing the U.S. retailer of trademark infringement for selling outerwear that featured exact copies of its famous "Burberry check" pattern. In a complaint filed in U.S. district court in Manhattan, Burberry accused J.C. The Levy Group, a Manhattan distributor accused...

  • Feb 9- Oil and gas company Anadarko Petroleum Corp said it slashed its quarterly dividend by 22 cents to 5 cents per share.

  • WASHINGTON/ FRANKFURT, Feb 9- German automaker Daimler said on Tuesday it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of 340 million euros. Daimler said it had decided to recall approximately 705,000 Mercedes-Benz cars and about 136,000 Daimler vans. Takata said other automakers...

  • NEW YORK, Feb 9- Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief...

  • NEW YORK, Feb 9- The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc. The U.S. dollar index, which measures the greenback against a basket of world currencies, fell to...

  • *Tumbling oil weighs on energy stocks. Feb 9- U.S. stocks rose in a late-day rally on Tuesday afternoon, helped by gains in biotechs including Gilead and in materials shares. Shares of Gilead rose 2.7 percent at $87.60, while Allergan added 2.2 percent at $272.10.

  • MCCAIN SAYS OBAMA BUDGET REQUEST LEAVES THE PENTAGON WITH AT LEAST $17 BILLION LESS THAN IT SAID IT NEEDED AND PLANNED FOR THIS YEAR.

  • U.S. SENATE ARMED SERVICES COMMITTEE CHAIRMAN MCCAIN SAYS OBAMA BUDGET REQUEST "INADEQUATE" TO FACE NATION SECURITY THREATS.

  • BRUSSELS, Feb 9- European finance ministers will call on the Group of 20 biggest world economies at the end of February to boost global economic growth at a time when an slowdown in China is sending shivers through financial markets. G20 finance ministers will meet at the end of February in Shanghai in China, which holds the rotating presidency of the group, too...

  • Except this time, rather than Tim Geithner helping, as he did as U.S. Morgan, a TARP recipient, to help back his investment in a fund managed by his firm, private equity house Warburg Pincus, according to a Bloomberg story and a filing with the New York State Department of State. This revolving door between Washington and Wall Street is really not how the system ought to...

  • CHICAGO, Feb 9- Bunge Ltd has launched legal proceedings against Egypt's state grain buyer over a rejected cargo of French wheat, highlighting uncertainty among suppliers who are already charging a risk premium to the world's largest wheat importer. Egypt, which buys wheat to provide its poorest citizens with bread, has in recent weeks fueled confusion in the...

  • The lawsuit filed in the U.S. District Court in Manhattan seeks a halt to further infringements, plus damages.

  • WASHINGTON, Feb 9- The White House's top economic adviser, Jason Furman, said on Tuesday that the United States has ample capacity to boost spending to cushion any future economic downturn. Furman, at a news conference on President Barack Obama's final budget proposal, said that gross domestic product growth may be slowing somewhat, but that is being offset in a...

  • UNITED NATIONS, Feb 9- A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other means of obfuscation, according to a new report by United Nations monitors. The U.N. Security Council's Panel of Experts on North Korea, which monitors implementation of sanctions on Pyongyang,...

  • Feb 9- As interest rates turn negative around the world and Federal Reserve Chair Janet Yellen prepares to testify before Congress on Wednesday, investors are wondering how the Fed will respond and how far it could go. Some investors believe that should market conditions worsen, the Fed will be forced to join central bankers in Japan, the euro zone and others in...

  • WASHINGTON/ SAN FRANCISCO, Feb 9- Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. "I think that markets probably have over-reacted to the sense that the Fed won't raise rates any time soon,"...

  • Feb 9- Calpers has purchased a New York office tower for $1.9 billion, in one of the biggest real estate investments in its history, the Sacramento Bee newspaper reported on Tuesday. Calpers confirmed to Reuters that it had purchased 787 Seventh Avenue in midtown Manhattan but did not disclose the purchase price. The purchase of the 50- story AXA Equitable Center...

  • *Stops short of $1,200 an ounce on Tuesday. NEW YORK/ LONDON, Feb 9- Gold turned higher on Tuesday but hovered beneath the previous session's 7-1/ 2- month high of $1,200 an ounce, buoyed by risk aversion as equities remained volatile and the dollar extended losses. Spot gold was up 0.1 percent at $1,192.30 an ounce at 2:12 p.m. EST, below the session high of $1,198.90...

  • WASHINGTON, Feb 9- Monsanto Co will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday. The SEC's case against the agricultural giant revolves around a corporate rebate program designed to boost sales of Roundup, a...

  • The U.S. Securities and Exchange Commission's investigation is focusing on what roles former Salix Chief Executive Officer Carolyn Logan and former Chief Financial Officer Adam Derbyshire may have played in the disclosures, the source said. Valeant Pharmaceuticals International Inc, which acquired Salix for about $11 billion last April, said in an...