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  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. The settlement was disclosed in a letter filed on Monday with the U.S. District Court in Manhattan from lawyers for JPMorgan, the largest U.S. bank, and investors.

  • Dish unveils Sling TV video streaming service Monday, 5 Jan 2015 | 12:31 PM ET

    Jan 5- Dish Network Corp on Monday took the wraps off its long-anticipated video streaming service, named Sling TV, targeted to younger consumers who shun pricey cable and satellite subscriptions. It will include television programming and sports events from Walt Disney's ABC, ESPN and Maker Studios, Time Warner's TNT, CNN, TBS, Cartoon Network and Adult Swim, and...

  • *BMW and China dealers reach settlement over subsidies. *Dealers say $820 mln deal struck, BMW declines confirm details. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.

  • NEW YORK, Jan 5- Equity markets worldwide tumbled on Monday, led by commodity-linked shares as oil prices fell to 5-1/ 2- year lows and investors fled to the safety of government bonds. Data showed Russia's oil output hit a post-Soviet high last year, while Iraq's oil ministry said that the country's oil exports in December were the highest since 1980,...

  • LONDON, Jan 5- New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales when he provides an update on his plans to revive the troubled British grocer's fortunes on Thursday. Britain's biggest retailer, reeling from an accounting scandal and four profit warnings that halved its share price last year, could also detail substantial property asset...

  • *ConocoPhillips sees 1st oil at a Norwegian North Sea project. NEW YORK, Jan 5- The selloff in global oil markets showed little signs of slowing in the new year with U.S. crude breaking below $50 a barrel, the first time since April 2009, on fears of a supply glut. U.S. driller ConocoPhillips added to the bearish sentiment somewhat, announcing it had struck first oil at a...

  • Jan 5- Morgan Stanley said an employee stole data from up to 10 percent of its wealth management clients, including account names and numbers, but there was no evidence of economic loss. Morgan Stanley said information of about 900 clients had been briefly posted on the Internet. Morgan Stanley discovered the theft on Dec. 27 as part of a regular sweep of the...

  • Jan 5- The selloff in oil continued with little pause into the new year with U.S. crude futures tumbling below $50 a barrel on Monday for the first time since April 2009 on fears of a global supply glut. U.S. crude's front-month contract fell to $49.95, down 5 percent from Friday's close, before recovering to $50.20 by 11:36 a.m. ET. Benchmark Brent crude was down more...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle an antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. The settlement with the largest U.S. bank was disclosed on Monday in a letter from lawyers for JPMorgan and the plaintiffs, and filed in U.S. District Court in...

  • CRUDE OIL NEARS $50 A BARREL, LAST TIME BELOW $50 WAS IN APRIL 2009.

  • Jan 5- Morgan Stanley said an employee stole data from up to 900 clients of its wealth management division, including account names and numbers, but there was no evidence of economic loss. The bank said the employee had been fired and law enforcement and regulatory authorities had been advised. Morgan Stanley said about 10 percent of its wealth management...

  • Sterling stumbles as dollar tears higher Monday, 5 Jan 2015 | 11:21 AM ET

    LONDON, Jan 5- Sterling slipped against a rallying dollar on Monday, after yet another set of weaker-than-expected economic UK data boosted bets that the Bank of England will not raise interest rates any time this year. Numbers released on Monday showed Britain's construction sector grew last month at its slowest rate since July 2013, well below economists'...

  • U.S. office vacancy rate lowest since 2009 Monday, 5 Jan 2015 | 11:12 AM ET

    Jan 5- The U.S. office vacancy rate fell to 16.7 percent in the fourth quarter from 16.8 in the third, the lowest since the third quarter of 2009, research firm Reis Inc said. Greater declines can be expected in 2015 if job gains continue to accelerate, Ryan Severino, the firm's senior economist, said in a statement on Sunday. Washington, D.C. remained the tightest...

  • *China ushers in new export tax rebate for some copper products. KUALA LUMPUR/ LONDON, Jan 5- Copper hit its lowest in 4-1/ 2 years on Monday, hit by a rising dollar and uncertainty on demand from consuming giant China after a new export tax rebate for some copper products. China introduced a new export tax rebate for some copper products and increased the export rebate...

  • NEW YORK, Jan 5- The euro tumbled to near a nine-year low on Monday, undercut by growing concerns that Greek parliamentary elections will result in a left-wing government that will aim to cancel austerity measures along with a big portion of Greece's debt. The left-wing Syriza party holds a narrowing lead ahead of Greece's Jan. 25 general election over the...

  • *Euro STOXX 50 down 3.1 pct, biggest one-day drop since Oct. The euro zone's blue-chip Euro STOXX 50 fell 3.1 percent, the biggest one-day percentage drop since October, while the pan-European FTSEurofirst 300 index fell 1.9 percent to 1,336.94 points by 1535 GMT. Benchmark indexes in London, Frankfurt and Paris were down 1.5 to 2.6 percent.

  • JPMorgan settles forex price-rigging lawsuit -letter Monday, 5 Jan 2015 | 11:04 AM ET

    NEW YORK, Jan 5- JPMorgan Chase& Co, the largest U.S. bank, has agreed to settle its portion of an antitrust lawsuit in which investors accused major banks of rigging prices in the $5 trillion- a-day foreign exchange market. The settlement was disclosed in a letter from lawyers for JPMorgan and the plaintiffs, and was filed on Monday with the U.S. district court of...

  • NEW YORK, Jan 5- Energy sector stocks led a broad selloff on Wall Street on Monday as crude prices fell to fresh 5-1/ 2 year lows and a strong dollar also weighed on other commodities. The broad selloff is a result of traders knowing where they don't want to be invested before identifying the next buying opportunity, according to Gordon Charlop, a managing director at...

  • Jan 5- Cempra Inc moved a step closer to approval for its lead antibiotic, solithromycin, after an oral version of the potential blockbuster met the main goal in a late-stage trial. Shares of Cempra, among a clutch of smaller companies developing treatments to fight super-bugs, rose as much as 18 percent to $27.10 in early trading on Monday. WBB Securities' Steve...

  • NEW YORK, Jan 5- U.S. Treasuries prices gained on Monday, led by a sharp rise in the 30- year bond, whose yield dipped to a multiyear low on widening anxieties about Europe's economy and Greece possibly quitting the euro zone. "It's a risk-off trade we are seeing," said Tom DiGaloma, head of rates and credit trading at ED&F Capital Markets in New York.