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  • 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...

  • *Physical demand for gold stronger in Asia. NEW YORK/ LONDON, Jan 12- Gold climbed 1 percent to a one-month high on Monday as the dollar pared gains and shares turned negative, with investor sentiment boosted by shifting expectations on when U.S. interest rates may rise. Spot gold climbed to its highest since Dec. 10 at $1,235.90 in Asian trade and was up 1 percent at...

  • FOREX-U.S. dollar slides vs yen in choppy trading Monday, 12 Jan 2015 | 2:48 PM ET

    NEW YORK, Jan 12- The dollar fell against the yen on Monday in volatile trading, pressured by weakness in U.S. stocks as the currency's positive outlook was somewhat diminished by surprisingly weak U.S. wage data on Friday. But Atlanta Federal Reserve Bank President Dennis Lockhart, a voting member of the Fed's Federal Open Market Committee for 2015, said on...

  • Goldman cuts 3- month Brent forecast to $42 from $80. "I figured we'd see $40 in the near term, but everything seems to be happening quicker than expected," Tariq Zahir of Tyche Capital Advisors. The bank cut its three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. futures contract to $41 from $70.

  • 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...

  • MOSCOW, Jan 12- International credit and debit card company MasterCard has agreed to transfer card processing inside Russia to the local state-owned system, Russia's Central Bank said on Monday. The agreement between MasterCard and the central bank-controlled National System Of Payment Cards was reached on Dec. 30, the bank said. MasterCard and competitor...

  • ATLANTA, Jan 12- The U.S. economy is motoring ahead in its recovery, likely putting the Federal Reserve in position to raise interest rates by the middle of the year, Atlanta Fed President Dennis Lockhart said on Monday. In some of his strongest comments to date about the direction of the economy, Lockhart said the U.S. economy "is hitting on all cylinders."

  • NEW YORK, Jan 12- Stock markets around the world mostly 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 4.1 percent to $46.39 per barrel, the lowest level since 2009, while Brent crude lost 4.9 percent as Goldman Sachs slashed its short-term...

  • ATLANTA, Jan 12- Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday the central bank may begin raising interest rates even if inflation is not clearly rising to its 2 percent target. The drop in energy prices has made inflation difficult to predict, he told reporters after a speech in Atlanta, and that he would be confident in the U.S. economy's...

  • Microsoft, Google tangle over Windows security patch Monday, 12 Jan 2015 | 2:04 PM ET

    SEATTLE, Jan 12- Microsoft Corp has complained publicly about tech rival Google Inc revealing a security flaw in its Windows 8.1 system just days before Microsoft was scheduled to roll out a fix for the problem, potentially exposing users to hacking. Google had initially told Microsoft about the problem on Oct. 13. "We asked Google to work with us to protect...