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  • DIARY- Top Economic Events to Jan 30 Friday, 16 Jan 2015 | 7:00 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart gives welcome remarks and speaks on " Federal Reserve Bank of Atlanta's CED Programs and Financial Literacy Programs" before the HOPE Global Forum- 1350 GMT. DUBLIN- The Central Bank of Ireland, Center for Economic Policy Research and International Monetary Fund are organizing a...

  • NEW YORK, Jan 16- Electric utilities in the United States can expect an extra $12 billion a year in annual revenue by 2030 as heat waves increase the demand for air conditioning. Although environmental groups say the SEC has not enforced that requirement rigorously enough, many companies' regulatory filings describe how climate change threatens their...

  • SAO PAULO, Jan 16- Brazilian police fired tear gas to disperse hundreds of people protesting an increase in transit fares in Sao Paulo, the country's biggest city, on Friday, raising fears of more disruption after a similar demonstration turned violent last week. About 3,000 people gathered at Sao Paulo's main thoroughfare on Friday, according to local police...

  • NEW YORK/ TORONTO, Jan 16- Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat. Cornell spent the weekend before Christmas making solo visits to stores in Ontario and Quebec, Canada's...

  • The lawsuit, filed in federal court in Manhattan, comes three months after McGraw Hill took a $60 million charge and said it was in talks to resolve an SEC probe into its ratings for six commercial mortgage-backed securities transactions issued in 2011.. Duka, who left S&P in 2012, said she received a "Wells notice" in November indicating she might face an SEC...

  • AT&T estimates charges of $10 bln in fourth quarter Friday, 16 Jan 2015 | 5:58 PM ET

    Jan 16- AT&T Inc said it expected to record charges of about $10 billion for the fourth quarter but the non-cash losses would not affect operating results. The biggest U.S. telephone company said it would take a charge of $7.9 billion related to actuarial gains and losses on pension and post-employment benefit plans. Operating results will also include a $2.1...

  • Jan 16- Walt Disney Co hiked Chief Executive Robert Iger's total compensation by 36 percent in 2014, a regulatory filing showed. Iger, who has led the company to record profits, received a compensation of $46.5 million in 2014, compared with $34.3 million in 2013, according to a filing on Friday with the Securities and Exchange Commission.

  • NEW YORK, Jan 16- Goldman Sachs Group Inc stuck with commodities trading while rivals have pulled back, and on Friday the bank felt vindicated. Other banks, including JPMorgan Chase& Co, Morgan Stanley and Deutsche Bank, pulled back from commodities trading, deciding to sell large chunks of their operations in part because of political pressure.

  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • NEW YORK, Jan 16- Exchange operator BATS Global Markets is in discussions to buy institutional foreign exchange trading platform Hotspot from KCG Holdings Inc for nearly $400 million, three sources close to the situation said on Friday. The $5 trillion- a-day foreign exchange market has been the focus of a probe by regulators in Britain following allegations...

  • MEXICO CITY, Jan 16- Venezuelan President Nicolas Maduro wants to meet with his Mexican counterpart Enrique Pena Nieto to discuss a slump in crude oil prices when they attend a summit in Costa Rica at the end of January, a diplomatic source said on Friday. Maduro is wrapping up a tour that took him to China, Russia Iran, Qatar, Saudi Arabia and Algeria, in what OPEC...

  • Jan 16- PepsiCo Inc said it had elected William Johnson, an advisory partner at Trian Fund Management, to its board, following a recent push by Trian to split the company. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the company's 2015 annual shareholders' meeting, PepsiCo said.

  • ZURICH, Jan 16- The Swiss National Bank had little choice but to abandon its three-year-old cap on the franc but its execution of the move left a vacuum of policy uncertainty where a pillar of stability stood before. With the euro diving against the dollar as the European Central Bank gears up for fresh stimulus as early as next week, the SNB felt the 1.20- francs-...

  • In a stark sign of how a sudden, 60 percent drop in oil prices is biting, oil services giant Schlumberger Ltd on Thursday said it will reduce spending this year by 25 percent and fire 9,000 workers worldwide, surprising investors with the size of the cuts. "There is total chaos and uncertainty and it is impacting the whole ecosystem," said Aamer Sarfraz, chief...

  • NEW YORK, Jan 16- U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth. U.S. crude oil futures settled up 5.3 percent after the International Energy Agency forecast the market downtrend would end. "You had a pretty strong consumer confidence report...

  • Jan 16- A U.S. federal judge on Friday said computer programmer Sergey Aleynikov is not entitled to have former employer Goldman Sachs Group Inc cover his legal fees to defend against criminal charges that he stole secret code from the bank's computers. District Judge Kevin McNulty in Newark, New Jersey rejected Aleynikov's argument that the strong public...

  • PepsiCo elects Trian Fund's nominee to board Friday, 16 Jan 2015 | 4:40 PM ET

    Jan 16- PepsiCo Inc said it had elected William Johnson, an advisory partner at Nelson Peltz-led Trian Fund Management to its board. Nelson Peltz-led Trian Fund held 1.19 percent stake in PepsiCo as of Dec. 31, according to Thomson Reuters data. The activist investor has urged PepsiCo, known for beverages like Pepsi, Tropicana and Gatorade, to split its more...

  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • LOS ANGELES, Jan 16- A body found on the grounds of a California desert resort hotel has been identified as that of a missing AIG executive who failed to turn up for meetings last week, the sheriff's office said on Friday. The Riverside County Sheriff's Department in a brief statement said the remains found in a small pond at the JW Marriott Desert Springs Resort& Spa...

  • NEW YORK, Jan 16- Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains. This month, the benchmark index fell five sessions in a row, from Jan. 8 through Jan. 15, shedding more than 3 percent in the process. Oil prices have fallen in half in recent months, trading below $50 a...