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  • TORONTO, Jan 26- Ontario, Canada's most populous province, said on Tuesday it will push ahead with the launch of a new government pension plan rather than counting on an expansion of the country's existing federal plan. The Ontario Retirement Pension Plan is set to be introduced in 2017 and is designed to benefit the two-thirds of workers in Ontario who do not have...

  • SAO PAULO, Jan 26- Prosecutors charged Joesley Batista, the chairman of Brazilian meatpacker JBS's board and president of its controlling shareholder J&F Investimentos, and eight others with crimes against the financial system, sending shares of JBS SA down more than 8 percent on Tuesday. Banco Original then loaned the funds back to Banco Rural's holding...

  • Jan 26- Toyota Motor Corp and Suzuki Motor Corp are discussing a potential partnership from a variety of angles, with cross-shareholdings a possibility, the Japanese financial daily Nikkei reported, without identifying its source. The two automakers are looking to take advantage of each other's know-how and capitalize on demand for compact cars in India and...

  • NEW YORK, Jan 26- Mannkind Corp, the U.S. maker of inhaled insulin drug Afrezza, is exploring strategic options, including the sale of itself, people familiar with the matter said on Tuesday. Earlier this month, France's Sanofi SA and Mannkind terminated an agreement for the development and commercialization of Afrezza. It also brought on a new chief executive,...

  • *Shares gyrate on concerns over Indonesia export permit. Jan 26- Freeport-McMoRan Inc, the U.S. mining and oil group, on Tuesday made its strongest pledge yet to reduce its massive debt, saying it wants to lop off as much as $10 billion through proceeds from a mix of asset sales and joint ventures. "We are addressing this seriously and with a degree of urgency and we're...

  • OTTAWA, Jan 26- Canada will lift its sanctions on Iran now that an international deal has been reached to curb Tehran's nuclear program, Foreign Minister Stephane Dion said on Tuesday, but gave no details.

  • CARACAS, Jan 26- President Nicolas Maduro is unlikely to complete his six-year term, and could even be replaced this year, as Venezuela's economic crisis worsens, the head of the new opposition-led congress said on Tuesday. Voter anger over the crisis propelled Venezuela's opposition last month to win a majority in the legislature, where it is piling pressure on...

  • WASHINGTON, Jan 26- Lockheed Martin Corp on Tuesday said commercial helicopter sales for its Sikorsky Aircraft unit this year were expected to be about $375 million, half the level projected last summer, due to the sustained drop in world oil prices. Lockheed expected the unit's commercial helicopter sales to be about $750 million, down from a 2014 peak of $1.5...

  • *Gold hits peak of $1,121.80/ oz, highest since Nov 4. NEW YORK/ LONDON, Jan 26- Gold rose to a 12- week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST, the highest since Nov. 4.

  • CHICAGO, Jan 26- NO. 2 U.S. railroad BNSF, which is owned by Berkshire Hathaway Inc, said on Tuesday it plans capital expenditures of $4.3 billion in 2016, down 26 percent from the $5.8 billion it spent in 2015..

  • *Q2 organic sales up 2 pct vs 1 pct drop in Q1. Jan 26- Procter& Gamble Co's new chief executive is off to a "nice start" as the company's core sales returned to growth in the second quarter, helped by price hikes and as it shed underperforming brands. P&G also posted a better-than-expected profit by cutting costs, sending its shares up 2.5 percent to $78.79 on Tuesday,...

  • NEW YORK, Jan 26- Biotech's biggest companies could help restore investor confidence in the beaten-up industry as they report quarterly results starting this week. Valuations suggest biotech shares could be closing in on a bottom, and some analysts said strong results could clear the way for potential buyers. "If you do see sentiment returning to the large caps...

  • Robert Califf, is a cardiologist and researcher who joined the FDA a year ago as a deputy commissioner. Califf's extensive ties to the pharmaceutical industry give me no reason to believe that he would make the FDA work for ordinary Americans, rather than just the CEOs of pharmaceutical companies, "Sanders said in a statement. Peter Pitts, a former associate...

  • WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt as demand for its products has waned with the growth of electronic media and cheaper imports. The company said the bankruptcy would have virtually no impact on its daily operations, and it is seeking to borrow up to...

  • WASHINGTON/ HAVANA, Jan 26- The United States approved a wider range of commerce with Cuba on Tuesday, making it easier for U.S. companies to film movies, finance exports and do business with the Communist government on public infrastructure projects. Although most U.S. trade with Cuba remains banned under the economic embargo, President Barack Obama has been...

  • NEW YORK, Jan 26- Four years after unveiling its wearable glass headset, Alphabet Inc's Google shut down several social media accounts linked to the Glass gadget, ending its push to popularize the pricey eyeglasses with consumers. On Tuesday, Twitter, Facebook and Instagram accounts for Google Glass were no longer active, a development first reported on the...

  • SAN FRANCISCO, Jan 26- A recent drop in Facebook Inc's stock has left the online social network trading at earnings multiples near record lows as it prepares to hand investors its fourth-quarter report. Along with fellow technology leaders Netflix Inc, Apple Inc, Alphabet Inc and Amazon.com Inc, Facebook has been among Wall Street's top stocks in recent years,...

  • Jan 26- Handbag maker Coach Inc's revenue rose for the first time in 10 quarters, helped by strong sales of its Stuart Weitzman-branded shoes and sustained growth in China, where the company managed to shake off the effects of a slowing economy. Coach's strong showing in China comes at a time when luxury companies such as BMW and LVMH are struggling to sell their...

  • *Iraq sees some flexibility for OPEC, non- OPEC deal. NEW YORK, Jan 26- Oil prices jumped on Tuesday as investors hoped OPEC and non- OPEC producers were inching closer to a deal to reduce output amid one of the biggest supply gluts in decades, and news that U.S. oil company Hess Corp planned to slash capital spending. Crude surged after the Organization of the Petroleum...

  • OTTAWA, Jan 26- Canada's energy regulator is doing a poor job of monitoring pipeline firms, an official watchdog said on Tuesday in a report that could bolster support for government plans to reform how major oil and gas projects are approved. Environment Commissioner Julie Gelfand said the National Energy Board did not properly check whether companies were...