Stocks Rebound to Close Modestly Lower; HP Surges 17%
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U.S. front-month February crude was up $1.12 at $95.36 a barrel at 9:27 a.m. EST, having traded from $93.80 to $95.40.
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*Gunmen demand end to French war in Mali. The standoff, which began when gunmen stormed the gas plant on Wednesday morning demanding a halt to a French military operation in neighbouring Mali, has unfolded into one of the biggest international hostage crises in decades.
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KHARTOUM, Jan 17- Sudan has won a $1.5 billion loan from the state-run China Development Bank, which Khartoum hopes will ease the country's severe economic crisis.
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WASHINGTON, Jan 17- The number of Americans filing new claims for unemployment benefits tumbled to a five-year low last week, a hopeful sign for the sluggish labor market. Initial claims for state unemployment benefits fell 37,000 to a seasonally adjusted 335,000, the lowest level since January 2008, the Labor Department said.
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Jan 17- Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said.
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LONDON, Jan 17- Algeria has told Britain that an operation is in progress at a gas plant in the Sahara where al Qaeda- linked militants have kidnapped dozens of hostages, a spokesman for the British Foreign Office said in London. "The Algerian authorities have confirmed that there is an ongoing operation," the spokesman said. He had no comment on reports of casualties.
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*Bank of America, Citigroup shares fall after results. NEW YORK, Jan 17- Wall Street was set to open higher on Thursday after better-than-expected results from online marketplace eBay and as data showed first-time claims for unemployment benefits dropped to a five-year low.
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*Gunmen demand end to French war in Mali. ALGIERS, Jan 17- Many people were killed when Algerian forces opened fire on a vehicle at a remote gas plant where gunmen were holding dozens of Western hostages, a resident of the locality and Arab news reports said on Thursday.
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Jan 17- Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said.
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Fiat-Chrysler seeking to catch up with rivals in China. MILAN, Jan 17- Fiat and its U.S. unit Chrysler expect to roll out at least 100,000 Jeeps in China when production starts in 2014 as they seek to catch up with rivals in the world's biggest car market.
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BAGHDAD/ LONDON, Jan 17- BP's deal to develop an Iraqi oilfield that straddles the border with the autonomous Kurdish region puts it in the front line of a sectarian stand-off, in which rivals and its former CEO have chosen the other side.
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NEW YORK, Jan 17- U.S. stock index futures added to gains after data showed initial jobless claims fell to a five-year low last week and housing starts climbed to their highest rate since June 2008.
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*Vietnam Dec coffee shipments exceed expectations. LONDON, Jan 17- Robusta coffee futures on Liffe set a nine-week high on Thursday, boosted by strong roaster demand which has helped absorb higher-than-expected shipments from Vietnam.
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WASHINGTON, Jan 17- Groundbreaking to build new U.S. homes accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy. The Commerce Department said on Thursday that starts at building sites for homes surged 12.1 percent last month to a 954,000- unit annual rate.
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*Gunmen demand end to French war in Mali. ALGIERS, Jan 17- A Mauritanian news agency that has been in constant contact with kidnappers holding dozens of Western hostages in Algeria reported on Thursday that 34 of the captives had been killed in air strikes.
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NEW YORK, Jan 17- Fewer U.S. homeowners were underwater on their mortgages in the third quarter of last year, helped by an improvement in home prices, data analysis firm CoreLogic said on Thursday.
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NEW YORK, Jan 17- Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under its new chief executive, Michael Corbat, who cautioned that the bank needs more time to deal with the problems it faces.
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TOULOUSE, France, Jan 17- Boeing re-captured the crown as the world's largest maker of passenger jets last year, overtaking Airbus for the first time in a decade as it recovered from delays on its new Dreamliner 787, only to face new problems on Thursday with the grounding of 787 s over battery safety concerns.
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LONDON, Jan 17- Prime Minister David Cameron's bid to redefine Britain's relationship with Europe risks stalling foreign investment and throttling the growth of many companies, leading business figures have warned.
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LONDON, Jan 17- Prime Minister David Cameron will deliver a speech on Friday setting out his plans for Britain's future in the European Union, and leading figures in the business community are concerned that it could lead ultimately to an exit from the bloc. MIKE RAKE, chairman of BT, easyJet and deputy chairman of Barclays:. WOLFGANG SCHREIBER, CEO of Bentley Motors:.