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  • SAN FRANCISCO, Jan 12- Jamie Dimon, the chief executive of JPMorgan Chase& Co, said on Monday that he struggled with having to publicly disclose in July that he had throat cancer. Dimon, speaking at an annual JPMorgan conference on healthcare, said he had little choice but to go public with his illness because his condition had deteriorated noticeably.

  • Jan 12- Pacific Investment Management Co has named Marc Seidner, chief investment officer for non-traditional strategies, lead portfolio manager of the Pimco Unconstrained Bond Fund, the firm said in a regulatory filing on Monday. In another filing on Monday, Pimco said Saumil Parikh, managing director and generalist portfolio manager, was the leaving firm to...

  • Wing Chau and his firm Harding Advisory LLC were found liable by Securities and Exchange Commission Administrative Law Judge Cameron Elliot. The SEC had accused Chau and his firm of allowing a hedge fund to control which assets backed a $1.5 billion structured collateralized debt obligation known as " Octans I CDO Ltd" without disclosing that critical...

  • Jan 12- Walt Disney Co, Sony Corp and DreamWorks Animation SKG Inc urged a federal judge to throw out a antitrust lawsuit accusing them of conspiring not to poach each other's animators in order to keep wages down. District Judge Lucy Koh in San Jose, California, that the plaintiff animators took too long to sue by waiting until five years after the U.S. Department of...

  • CHICAGO, Jan 12- Metals company Alcoa Inc on Monday reported a higher-than-expected quarterly profit excluding restructuring costs, as it continued to invest in more lucrative automotive and aerospace products and away from high-cost smelting facilities. Alcoa also forecast solid demand in the automotive sector this year. Excluding restructuring costs,...

  • DETROIT, Jan 12- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said his company is in talks with other automakers to share the costs of developing new vehicles and technology, particularly to cut greenhouse gas emissions, and called on the United States to ease fuel economy targets for 2025.. The U.S. Environmental Protection Agency will review...

  • Jan 12- Michigan Governor Rick Snyder on Monday signed into law legislation that would raise about $1.3 billion a year to fix the state's deteriorating roads and bridges if voters agree. The amendment would also raise the sales tax by 1 percentage point to 7 percent, providing a $300 million annual revenue boost for schools and $94 million for local governments.

  • *Alcoa shares up after the bell. Oil prices extended their recent free-fall after Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. There's a lot of confusion and concern about the impact of oil prices, "said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

  • BUENOS AIRES, Jan 12- Argentina said on Monday it was suspending HSBC Bank Argentina's right to transfer money abroad for 30 days due to "irregularities", two months after charging it with helping clients evade taxes by siphoning their funds off to Switzerland. "The central bank of Argentina has decided to temporarily suspend HSBC Bank Argentina's operations of...

  • NEW YORK, Jan 12- Most stock markets around the world fell on Monday as oil prices showed no sign of breaking their prolonged downward spiral, prompting further losses in beleaguered energy shares. U.S. crude futures slumped 5.2 percent to $45.87 per barrel, the lowest level since 2009, while Brent crude lost 5.6 percent as Goldman Sachs slashed its short-term...

  • WASHINGTON, Jan 12- The Federal Reserve should stop talking about the need for a "patient" interest rate policy just before it thinks it will begin hiking rates, a top Fed policymaker said on Monday. Richmond Federal Bank President Jeffrey Lacker said in an interview with Reuters that the Fed's guidance in December that it would be patient with raising rates...

  • NEW YORK, Jan 12- U.S. stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled more than 5 percent and concern grew ahead of the start of corporate earnings season.

  • Spotify clocks 15 million subscribers Monday, 12 Jan 2015 | 4:01 PM ET

    Jan 12- Online music streaming service Spotify said on Monday it had 15 million subscribers and 60 million active users at the end of 2014.. Stockholm- based Spotify, which sparked speculation related to an IPO after it re-advertised a job for a regulatory filings expert in August, provides free on-demand music or ad-free tunes for paying customers.

  • LAS VEGAS, Jan 13- Sony Corp CEO Kazuo Hirai has weathered a crisis over a cyberattack on its Hollywood studio and its controversial comedy "The Interview", but his toughest moment may be just arriving as he prepares a new business revival plan. Sony, which has cut its earnings forecasts six times on Hirai's watch, forecasts a 230 billion yen net loss for the business...

  • "Hyundai expects to underperform the Chinese market this year. A Hyundai spokesman declined to comment on the 2015 sales outlook for China. More than two years after completing its third factory in China, Hyundai in December announced it had finally signed deals to build two more after lengthy wrangling with Beijing over where the facilities should be located.

  • Goldman cuts 3- month Brent forecast to $42 from $80. NEW YORK, Jan 12- Oil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. "I figured we'd see $40 in the near term, but everything seems to be happening...

  • LOS ANGELES, Jan 12- One way to improve economic mobility in the United States may be to fix the misconceptions that high-achieving, low-income teenagers often have about college. Economics professors Caroline Hoxby of Stanford University and Sarah Turner of University of Virginia surveyed students, asking why they opted not to apply to certain...

  • WASHINGTON, Jan 12- The U.S. Supreme Court on Monday wrestled with the question of whether a federal law governing the natural gas market would allow energy companies to evade state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. Several energy companies, including American Electric Power Company Inc, Dynegy Inc and ONEOK Inc,...

  • NEW YORK, Jan 12- Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, vowed on Monday to press on with an appeal of her divorce case even after she cashed a $975 million check that Hamm provided her. In November, an Oklahoma court ordered the Continental Resources chief executive to pay his ex-wife about $1 billion in cash and assets when the couple...

  • NEW YORK, Jan 12- U.S. Treasuries yields fell on Monday as a sell-off in Wall Street stocks and strong demand at a three-year Treasury note auction fed buying for U.S. government debt, driving 30- year yields to near-record lows. Despite forecasts that U.S. inflation would continue to fall short of the Fed's 2 percent target, most top Wall Street firms still...