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  • Schlumberger revenue rises 6 pct Thursday, 15 Jan 2015 | 4:31 PM ET

    Jan 15- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 6 percent rise in quarterly revenue, helped by efficiency improvements in North America and resilient drilling activity in the Middle East and Asia. Net income attributable to the Houston, Texas- based company fell to $302 million, or 23 cents per share, in the fourth quarter ended...

  • Intel revenue rises 6.4 pct Thursday, 15 Jan 2015 | 4:21 PM ET

    Jan 15- Intel Corp reported a 6.4 percent rise in quarterly revenue as sales of personal computers stabilized. Net income rose to $3.66 billion, or 74 cents per share, for the quarter ended Dec. 27, from $2.6 billion, or 51 cents per share, a year earlier. Revenue rose to $14.7 billion from $13.8 billion.

  • Depomed to pay $1 bln for J&J pain drug franchise Thursday, 15 Jan 2015 | 4:15 PM ET

    Jan 15- Depomed Inc on Thursday said it has agreed to pay $1.05 billion to acquire the U.S. rights to Johnson& Johnson's Nucynta opioid pain drug franchise, giving the smaller company a new flagship product expected to significantly add to revenue and earnings. Over the 12 months ending in September, the Nucynta franchise had sales of $166 million- something of an...

  • WASHINGTON, Jan 15- The White House on Thursday said legislation was not necessary to settle so-called "net neutrality" rules because the Federal Communications Commission had the authority to write them. Republicans in Congress are trying to drum up support for a bill that would counter the FCC's upcoming new rules. "In terms of legislation, we don't believe...

  • NEW YORK, Jan 15- U.S. stocks fell for a fifth straight day on Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on U.S. earnings. With the day's decline, the S&P 500 closed below the 2,000 level for the first time in about a month. The Dow Jones industrial average fell 102.11 points, or 0.59 percent, to...

  • But Hyundai told its advisers at Citi that no clear plans had been made regarding restructuring, the source said on condition of anonymity because the talks were confidential. "Hyundai has not provided a big picture for how it is going to restructure the group as succession looms. As Samsung, Hyundai and other chaebols restructure their sprawling affiliates to...

  • OTTAWA, Jan 15- Canada has postponed a summit with the leaders of the United States and Mexico, officials said on Thursday, amid persistent tensions over the construction of TransCanada Corp's Keystone XL pipeline and other issues. "It's my understanding that... has been postponed from early this year to later in the year," White House spokesman Josh Earnest said in...

  • NEW YORK, Jan 15- U.S. 30- year Treasuries yield fell on Thursday to record lows for a second day after a surprise interest rate cut and dumping of a currency cap by the Swiss central bank stoked demand for higher-yielding U.S. government debt. The Swiss National Bank lowered its policy rates by 50 basis points, pushing them further into negative territory to -0.75...

  • U.S. oil train safety proposal due in May Thursday, 15 Jan 2015 | 3:48 PM ET

    WASHINGTON, Jan 15- The U.S. Transportation Department will offer a new design for oil trains by mid-May as officials try to make sure crude oil is moving safely on the tracks, officials said this week. The Office of Management and Budget, which gives federal proposals a final review, is due to make the report public by May 12. Reuters reported this week that Canada is...

  • *U.S. Labor Department reports more jobless claims. NEW YORK, Jan 15- Oil prices declined on Thursday as an erratic dollar and expectations of weakening demand dashed hopes that a strong rally Wednesday might have signaled a bottom to the seven-month price rout. "I think you're getting confirmation that yesterday's price move may have just been a blip," said Brian...

  • NEW YORK, Jan 14- New York's top law enforcement official said he plans to help bring more fraud cases against the world's biggest banks for selling shoddy mortgage-backed securities before the 2008 financial crisis. Eric Schneiderman, the state's attorney general, said some of these banks were involved in the same kind of wrongdoing that has led him since 2012...

  • COLUMN-SNB remains neutral, surrenders: James Saft Thursday, 15 Jan 2015 | 3:18 PM ET

    Jan 15- The Swiss National Bank's surrender to markets argues that next week's Greek election and European Central Bank meeting will bring much danger and volatility. This may influence their credibility outside Switzerland, and not for the better. Three years after vowing to defend, in unlimited amounts if need be, a floor of 1.2 francs to the euro, the SNB on...

  • NEW YORK/ LONDON, Jan 15- Gold rose as much as 3 percent to a four-month high on Thursday after Switzerland's central bank unexpectedly abandoned its three-year cap on the franc sent global shares and bond yields into turmoil. "Currency chaos is really the phrase of the day," said Bill O'Neill, co-founder of commodities investment firm LOGIC Advisors in Upper...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • BUENOS AIRES, Jan 15- Argentina's state-run energy company YPF said on Thursday an open-ended strike by oil workers in the province of Mendoza was causing a shortage of fuel at its service stations there and risked impacting supply throughout the country. They are blocking oil fields and the refinery of Lujan de Cuyo which produces 35 percent of YPF's fuel,...

  • TORONTO, Jan 15- Target Corp will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss. Minneapolis- based Target, the No. 2 discount chain in the United States, has struggled in Canada since its March 2013 launch. Stores checked by Reuters in Vancouver,...

  • LONDON, Jan 15- Denmark's Saxo Bank, one of the biggest players in retail foreign exchange trading, will potentially set different rates for transactions conducted after the Swiss National Bank's shock removal of its 3-1/ 2 year old cap on the franc. "Once we are better able to establish the market liquidity, all executed fills will be revisited and amended to more...

  • NEW YORK, Jan 15- The Federal Home Loan Bank of San Francisco said on Thursday it reached a settlement worth $459 million with certain banks it sued after buying subprime mortgage-backed securities that soured following the housing bust. The banks sued included JP Morgan Chase, Credit Suisse, Morgan Stanley, Countrywide Securities, UBS Group AG, Deutsche Bank...

  • WASHINGTON, Jan 15- The U.S. government on Thursday fined Southwest Airlines Co $1.6 million in what it said was the biggest civil penalty levied against an airline so far for violating rules barring long waits for passengers in planes on the runway. The Department of Transportation said Southwest had failed to abide by the rules last January when 16 of its...

  • CALGARY, Jan 15- The Canadian government will unveil its budget this year later than it usually does, waiting at least until April because of market volatility, Finance Minister Joe Oliver said on Thursday. We need all the information we can obtain before finalizing our decisions, "Oliver said in the text of a speech he was giving in Calgary. Oil prices have more than...