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  • NEW YORK, Jan 20- Global equity markets staged a late rebound along with oil prices on Wednesday to cut declines from 2-1/ 2 year lows, but remained on pace for one of the most dismal monthly performances on record. Oil prices tumbled once again after the International Energy Agency warned Tuesday the market could "drown in oversupply" and on concerns about the...

  • BOSTON, Jan 20- For some of the hedge fund industry's titans, including Nelson Peltz and William Ackman, 2016 is starting with heavy losses as big bets on General Electric, Valeant, and Mondelez have been battered by the market's abrupt drop. Peltz's Trian Fund Management lost nearly 10 percent in the first two weeks of 2016 while Ackman's Pershing Square Holdings,...

  • NEW YORK, Jan 20- The dollar fell to a more than one-year low against the Japanese yen on Wednesday as crude oil prices dropped near a 13- year trough, the U.S. stock market tumbled, and risk appetite waned. The U.S. currency recovered slightly in afternoon trading, but remained down 0.6 percent at 116.94 yen after hitting a session low of 115.96 yen.

  • BRAZIL MINER SAMARCO SAYS CEO VESCOVI AND HEAD OF OPERATIONS TERRA TO STEP DOWN TEMPORARILY- STATEMENT.

  • NEW YORK, Jan 20- Wall Street's recent selloff deepened on Wednesday, with the S&P 500 closing at its lowest in over a year as U.S. oil prices plummeted to 2003 lows.

  • The deal brings together to of the world's most prominent cyber firms: FireEye's Mandiant forensics unit is a leader in helping companies investigate cyber attacks, while iSight has uncovered major cyber campaigns from Iran, Russia and other nations. Even then, the total of $275 million would be less than a third of the $1 billion valuation that iSight Chief...

  • *Q4 revenue 6.6 bln euros, net loss 2.1 bln euros. FRANKFURT, Jan 20- Deutsche Bank expects to post a record full-year net loss of about 6.7 billion euros as writedowns, litigation charges and costs for its revamp continue to weigh on its business. Germany's biggest bank cited 1.2 billion euros in litigation charges in the quarter, alongside costs for restructuring...

  • *Forbes-listed magnate once one of Australia's richest. MELBOURNE Jan 21- Larger-than-life mining magnate Clive Palmer was riding a boom in mineral prices less than two years ago and had become one of Australia's most influential politicians. Palmer did not return calls seeking comment but fellow Queensland- based independent lawmaker Bob Katter...

  • *Builders' profit margins squeezed by rising land prices. HONG KONG, Jan 21- Chinese real estate developers plan to acquire more land outside the primary market- purchasing from other companies and through redevelopment- as escalating land costs crimp profit margins. China's property market bottomed late last year with prices recovering in the biggest cities...

  • Jan 20- Synaptics Inc is moving closer to a deal with a Chinese investment group that values the touchscreen chip maker at more than $110 per share, Bloomberg reported, citing people familiar with the matter. The deal, expected to value Synaptics at about $4 billion, could be finalized in early March after the Chinese New Year, the sources told Bloomberg, adding that...

  • WASHINGTON/ NEW YORK, Jan 20- A U.S. congressional committee has demanded that former drug executive Martin Shkreli appear at a hearing on drug prices to testify about his former company's decision to raise the price of a lifesaving drug by more than 5,000 percent, congressional aides said on Wednesday. Shkreli, who is separately facing federal criminal charges...

  • *Benchmark 10- year yields hit fresh 2-1/ 2- month lows. NEW YORK, Jan 20- U.S. It remained unclear whether the steep drop in oil prices to 13- year lows and the dramatic selloff on Wall Street this month would stop.

  • DETROIT, Jan 20- President Barack Obama, facing Republican criticism over the state of the economy, did a Detroit victory lap on Wednesday to showcase the auto companies his administration helped save, but the industry has not turned out the way he hoped in 2009.. A Ford Motor Co plant in Michigan that Obama visited in January 2015 is ending production of small cars...

  • Elmrox Investment Group LLC, which says it owns more than $100 million in Ashland stock, said Valvoline would be more valuable as a stand-alone company and suggested it be structured as a master limited partnership. Ashland shares opened lower on Wednesday, hitting $93.62 and then rebounded, inching up 0.3 percent to around $96.50 toward the end of the session.

  • SAO PAULO, Jan 20- GPA SA, Brazil's biggest retailer, on Wednesday named Luis Moreno as chief executive of its supermarket and convenience store division and Marcos Samaha as head of operations for the unit, according to a securities filing. Moreno, a Spanish-born executive, had been chief executive since July 2014 of Libertad, an Argentine subsidiary of French...

  • Jan 20- Rupert Murdoch's News Corp said rumors about the company's interest in buying microblogging site Twitter Inc or building a stake in it were untrue. Twitter's shares, which rose as much as 14 percent, pared some gains and were up 5.2 percent at $17.55 in late afternoon trading. Twitter has been the subject of takeover rumors in the past, including a fake...

  • Jan 20- American Airlines Group Inc said on Wednesday it will add flights from Los Angeles to two hubs of its rival Delta Air Lines Inc, the latest move in a tug of war between the carriers for dominance in the No. 2 U.S. city. American, the world's largest airline, said it will fly five times daily from Los Angeles to Delta's Seattle hub and twice daily to Delta's...

  • SHKRELI SAYS ON TWITTER HE HASN'T DECIDED YET ABOUT APPEARING FOR CONGRESSIONAL' CHIT CHAT,' ASKS FOLLOWERS,' SHOULD I?

  • CONGRESSIONAL COMMITTEE HAS SUBPOENAED EX-DRUG CEO MARTIN SHKRELI TO APPEAR AT HEARING OVER DRUG PRICES NEXT WEEK- AIDES.

  • SAO PAULO, Jan 20- A federal judge in Brazil authorized President Dilma Rousseff to appear as a witness in an investigation into the use of bribes to influence the passage of legislation, a court spokesman said on Wednesday. Rousseff, who is not under investigation herself, was called by the defense of businessman Eduardo Valadão, along with other politicians,...