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  • NEW YORK, Jan 12- Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.

  • California sent VW a confidential letter offering a detailed explanation of why its fix plan does not work. California said it will continue its investigation as well as talks with VW to find a fix. EPA said in a statement it agrees with California "that Volkswagen has not submitted an approvable recall plan to bring the vehicles into compliance and reduce...

  • CRUDE OIL FUTURES EXTEND LOSSES, FALL BELOW $30 A BARREL FOR THE FIRST TIME SINCE DECEMBER 2003.

  • Jan 11- Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc, people familiar with the matter said on Monday. The New York Post said on Sunday that Icahn was believed to be buying up Time Warner shares and "will take another run at the company," citing anonymous sources. Icahn waged an unsuccessful break-up campaign against Time...

  • NEW YORK, Jan 12- Oil slid to within pennies of $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.

  • *Fund short covering lifts grains after USDA report. *USDA cuts winter wheat seedings more than expected. CHICAGO, Jan 12- U.S. grain prices rallied on Tuesday after the U.S. Department of Agriculture slashed its estimate of winter wheat seedings by more than anticipated in a monthly report and unexpectedly cut its corn and soybean production view.

  • Bessemer Venture Partners, New Enterprise Associates and Maverick Capital Ventures have invested $2.1 million in seed funding in Docent. The three venture partners involved in the deal- Steve Kraus of Bessemer, Mohamad Makhzoumi of NEA and Ambar Bhattacharyya of Maverick- have worked together many times, and all said they expected to provide substantial...

  • Most notably, BMW has created a 200- strong digital innovation hub in Chicago, hiring software engineers who worked for mobile phone pioneer Nokia, as the German carmaker seeks to get ahead in the area of assistance systems and software applications. "Their task is to develop a premium experience in the digital area and in mobility services," BMW board member Ian...

  • BRUSSELS, Jan 12- The European Commission said on Tuesday it had launched an in-depth investigation into Halliburton's planned purchase of its oilfield services rival Baker Hughes. Halliburton Co offered in November to buy rival Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader...

  • ZURICH, Jan 12- Roche said on Tuesday that the U.S. Food and Drug Administration has granted' priority review' status for its venetoclax drug for the treatment of a blood cancer, which it is developing with partner AbbVie. Roche expects to win FDA approval in the first half of 2016, a spokeswoman at its Basel headquarters said. AbbVie spokesman Carlos Taveras in...

  • Vice President Joe Biden praised Democratic presidential candidate Bernie Sanders for tapping into Americans' concerns about growing income inequality, potentially giving the Vermont senator a boost as he gains on rival Hillary Clinton weeks before the Iowa caucuses. Sanders has argued that he is a more authentic choice to be the party's nominee as he...

  • CALIFORNIA SAYS VOLKSWAGEN PROPOSED 2.0 LITER FIX PLAN NOT "ADEQUATE" OR FAST ENOUGH: DOCUMENTS.

  • Jan 12- U.S. stocks were flat in afternoon trading on Tuesday, after an early rally was wiped out as crude oil prices once again held the markets hostage. Earlier gains were erased as they retreated towards $30 per barrel, piling the pressure on already beleaguered energy companies and casting a pall on other sectors as well. Still, the S&P 500 held above the key 1900...

  • Until the 1990 s, Lincoln along with General Motors Co's Cadillac were far and away the U.S. luxury sales leaders. Fields said Ford has made "meaningful progress and significant momentum" in reviving the Lincoln brand. The Dearborn, Michigan- based automaker considered shuttering Lincoln in 2010, when it announced it would kill its Mercury brand.

  • RIO DE JANEIRO/ SAO PAULO Jan 12- Petróleo Brasileiro SA, Brazil's state-controlled oil producer, on Tuesday slashed its investment plan for the third time in just over six months as it tries to preserve cash to pay its debt, the industry's largest. The production cut underscores the difficulties facing Chief Executive Officer Aldemir Bendine during Brazil's...

  • ZURICH, Jan 12- Roche said on Tuesday that the U.S. Food and Drug Administration has granted' priority review' status for its venetoclax drug for the treatment of a blood cancer, which it is developing with partner AbbVie. Roche expects to win FDA approval in the first half of 2016, a spokeswoman at its Basel headquarters said. An AbbVie spokesman in Paris said his...

  • The world's largest asset manager said it would unify its global fixed-income business under Tim Webb, a longtime manager at the firm, and Rick Rieder, a well-known investor who is becoming chief investment officer of global fixed income. New York- based BlackRock is also moving a senior executive, Rich Kushel, into a position as head of multi-asset strategies,...

  • "The thought was that big crops get bigger and they actually reduced the production for beans and corn and pulled back the yields as well," said Dax Wedemeyer, analyst with U.S. Commodities. Chicago Board of Trade soybean futures, which were trading lower before the report was released, surged to their highest since Dec. 7. "We might have a better longer-term wheat...

  • BRUSSELS, Jan 12- The European Commission will propose a new set of binding rules by the end of January to curb corporate tax avoidance, in another move to counter unfair or illegal tax practices of multinationals, EU officials said. Multinational corporations have long been in the sights of European Union authorities because of the way they can reduce their tax...

  • UKRAINE FOREIGN CURRENCY RESERVES AT $13.3 BLN AS OF JAN. 1- CENTRAL BANK.