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  • Jan 26- Terex Corp received an unsolicited offer from China's Zoomlion Heavy Industry Science and Technology Co, the U.S. crane maker confirmed, valuing the company at about $3.28 billion. Terex shares rose as much as 60 percent to $23.98 in afternoon trading, but remained below Zoomlion's offer of $30 per share. Bloomberg reported earlier in the day that Terex...

  • The move would differentiate Apple News from Facebook's Instant Articles news offering, which does not offer subscriber-only content, and would likely give Apple a boost as it seeks to distinguish itself from a growing crowd of online news apps. Subscriber-only publications that work with Apple News now can either share their articles for free or just share...

  • LONDON, Jan 26- Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said on Tuesday. A nuclear deal between world powers and Iran earlier this month led to the removal of curbs on Tehran's banking, insurance and shipping sectors.

  • ATHENS, Jan 26- Greek Prime Minister Alexis Tsipras launched a vocal defence of plans to overhaul the country's pensions system on Tuesday as public unrest simmered over cutbacks that are a condition for the indebted country to receive more international aid. To pay pensions in 2016, the social security system- apart from contributions and state funding- will...

  • Sprint shares soared to a session high of $3.08 before receding to $3.01 in the afternoon, still up more than 19 percent on the day. Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to...

  • *Russia may curb grain exports as local meat prices rise. CHICAGO, Jan 26- Chicago Board of Trade wheat prices climbed to a one-month high Tuesday on chart-based buying and fund short-covering as the market digested news that Russia might limit grain exports, traders said. At the CBOT as of 12:06 p.m. CST, March wheat was up 7 cents at $4.88-1/ 2 per bushel, its highest...

  • Jan 26- DuPont Chief Executive Edward Breen said on Tuesday that anti-trust regulators were likely to show "very little" concern about the company's pending merger with Dow Chemical Co and were not expected to seek significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would have a market value of about $95 billion at current...

  • *Brussels would have power to recall cars, fine carmakers. BRUSSELS, Jan 26- EU regulators will propose a shake-up of rules on authorising new models of cars on Wednesday to prevent a re-run of the Volkswagen emissions scandal, firing the starting gun on a tough debate as governments and industry resist change. A draft of the European Commission's proposal, seen by...

  • *House prices rise 5.8 percent in November from year ago. NEW YORK, Jan 26- U.S. consumer confidence improved in January despite a stock market rout and house prices accelerated in November, suggesting underlying strength in the economy despite a sharp growth slowdown in recent months. "Households remain quite upbeat about the economic prospects and, given the...

  • BRENT CRUDE FUTURES EXTEND GAINS, UP $2 A BARREL TO $32.50.

  • WARSAW, Jan 26- Poland's ruling party has summoned top bank executives to explain recent fee increases, warning that they could be acting illegally if they are passing on the cost of a planned tax. The mostly foreign-owned banks are scheduled to appear next month before parliament's public finances committee, marking an escalation of tensions with Poland's...

  • MILAN, Jan 26- European stocks gained on Tuesday after early losses, with commodities stocks rebounding after oil rose towards $31 on hopes of an agreement to deal with supply glut and metals prices gaining ground on speculative buying. The STOXX Europe 600 Oil and Gas index rose 2.4 percent after oil prices rose on expectations that OPEC and non- OPEC producers...

  • *Iraq sees some flexibility for OPEC, non- OPEC deal. NEW YORK, Jan 26- Oil rose more than 5 percent on Tuesday, with Brent going above $32 a barrel, on hopes OPEC and non- OPEC producers were inching closer to a deal to reduce output in the face of one of the biggest supply gluts in decades. The Organization of the Petroleum Exporting Countries has renewed calls for rival...

  • The company wants to slash $5 billion to $10 billion in debt through asset sales and joint ventures. "We face serious challenges because of what's going on in the marketplace and because of the situation with our balance sheet," Freeport Chief Executive Officer Richard Adkerson said on a conference call. Freeport stock jumped 3.8 percent at $4.09, but was off a...

  • Jan 26- Chemicals and seed producer DuPont is unlikely to have to make significant asset sales to get regulatory clearance for its merger with Dow Chemical Co, DuPont CEO Edward Breen told Reuters. DuPont and Dow are merging to form a behemoth with an estimated combined market value of about $95 billion as of Monday's closing. Analysts have speculated that the...

  • Jan 26- U.S. crane maker Terex Corp received a takeover approach from China's Zoomlion Heavy Industry Science and Technology Co, which it rebuffed, Bloomberg reported. Terex continues to focus on completing its merger with Finland's Konecranes Oyj, Bloomberg reported on Tuesday, citing people familiar with the matter. Terex and Konecranes had agreed on an...

  • LOD, Israel, Jan 26- Israel aims to sell Uzi submachine gun maker Israel Military Industries in the next few weeks, with defense contractor Elbit Systems seen as the likeliest buyer, according to the head of the country's state ownership agency. "We hope to finish in a few weeks," Ori Yogev, director of the Government Companies Authority, told Reuters on the sidelines...

  • Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to $2.5 billion in costs is on track, executives said on an earnings call. The company reported cash and cash equivalents of $2.2...

  • MILAN, Jan 26- European equities gained on Tuesday after early sharp losses, with commodity stocks rebounding after oil rose towards $31 on hopes of a deal to tackle a supply glut and metals prices gaining ground on speculative buying. The STOXX Europe 600 Oil and Gas index rose 2.5 percent after oil prices rose on expectations that OPEC and non- OPEC producers may...

  • *Govt demands Freeport pay $530 million smelter deposit. *Freeport says requirement is "inconsistent" with 2014 deal. Indonesia's government has said the U.S. mining giant must provide a $530 million deposit by Thursday to prevent a possible halt in copper concentrate exports from its massive Grasberg mine in the province of Papua.