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NEW YORK, Jan 7- Huawei Technologies Co Ltd boosted smartphone display size and resolution on Monday with two new devices aimed at challenging much bigger rivals, including Samsung Electronics Co Ltd and Apple Inc..
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LAS VEGAS, Jan 7- Top chipmaker Intel Corp on Monday announced shipments of a new low-power chip and showed off next-generation ultra thin laptops and convertible tablets in its latest bid to prove that the struggling PC industry still has a bright future.
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*Senator says Army Corps gave "very positive" briefing. *Army Corps dredging, removing rock to keep channel open. Jan 7- The drought-drained Mississippi River has enough water for barges to maintain shipments of billions of dollars worth of commodities, and the White House will consider "any option" to keep it open for commerce, U.S.
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MEXICO CITY, Jan 7- Mexico's biggest retailer, Wal-Mart de Mexico, said on Monday that sales at its Mexican stores open for at least a year rose 1.6 percent in December from a year earlier. The Mexican affiliate of Wal-Mart stores Inc said total sales, including those from newly opened stores, increased 5.4 percent in December from a year earlier.
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A rescue team towed the Kulluk drillship 30 miles to shelter in Kiliuda Bay, Royal Dutch Shell's emergency response coordinator said. "The tow has gone pretty much as expected," Sean Churchfield, Shell's Alaska ventures manager, said at a Monday news conference in Anchorage. Kiliuda Bay was previously designated a refuge for disabled vessels.
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*American Express, Discover, Citigroup accused of collusion. American Express Co, Discover Financial Services and Citigroup Inc face the allegations in two antitrust lawsuits filed by customers who had to sign arbitration agreements in order to get credit cards.
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*U.S. would default if $16.4 trillion limit not raised. WASHINGTON, Jan 7- The United States may run out of tools to avoid a default as early as February 15, piling more pressure on lawmakers and the Obama administration to resolve their fiscal battles, a study found on Monday.
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*Not in investment talks at the moment with Intel. LAS VEGAS, Jan 7- Sharp Corp is considering new ways to shore up its crumbling finances but is not talking with Intel Corp at the moment about any investment from the U.S. chipmaker, a senior executive from the Japanese company said on Monday.
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SAN FRANCISCO, Jan 7- An oil tanker struck a tower of the San Francisco Bay Bridge on Monday but did not appear to spill any oil into the bay, the U.S. Coast Guard said. None of the channels or ports in the San Francisco Bay were listed as shut as of Monday afternoon, according to the Coast Guard's website.
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NEW YORK, Jan 7- U.S. stocks lost ground on Monday, as investors drew back from recent gains that lifted the S&P 500 to a five-year high, in anticipation of sluggish growth in corporate profits. The S&P 500 energy sector index fell 0.8 percent and the utilities sector was off 1.1 percent.
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NEW YORK, Jan 7- Wall Street stock prices retreated from five-year highs on Monday, while the euro rose against the dollar on bets the European Central Bank might refrain from signaling more interest rate cuts on Thursday.
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Jan 7- On Monday, Bank of America Corp announced a new round of settlements designed to resolve lingering claims related to its Countrywide Financial acquisition in 2008, including an $11.6 billion agreement with Fannie Mae over requests to buy back soured home loans.
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*Many of Canada's 1.2 million aboriginals live in poverty. Angry native activists, fed up with poor living conditions they blame on decades of neglect from Ottawa, have blockaded rail lines and threatened to close Canada's borders with the United States in a campaign they call Idle No More.
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CHARLOTTE/ WASHINGTON, Jan 7- Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years.
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*National Grid operates LIPA's power system. The Moreland Commission, set up by New York Governor Andrew Cuomo, found that LIPA had a "dysfunctional management structure" that led to an operational and communications disconnect between LIPA and National Grid, and an inadequate response to Sandy.
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*Senator says Army Corps gave "very positive" briefing. *Army Corps dredging, removing rock to keep channel open. Jan 7- The drought-drained Mississippi River has enough water for barges to maintain shipments of billions of dollars worth of commodities, and the White House will consider "any option" to keep it open for commerce, U.S.
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SAN FRANCISCO, Jan 7- An oil tanker struck a tower of the San Francisco Bay Bridge on Monday but did not appear to spill any oil into the bay, the U.S. Coast Guard said. The 750- foot-long tanker "Overseas Reymar" collided into the bridge as it was heading out to sea, said U.S. Coast Guard Lieutenant Heather Lampert.
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NEW YORK, Jan 7- Brent crude oil prices were steady above $111 a barrel on Monday while U.S. crude futures edged higher, cutting the spread between the two benchmarks by a penny to its narrowest since September as a U.S. pipeline expansion project neared completion.
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WASHINGTON, Jan 7- U.S. healthcare spending rose at a historically low rate of 3.9 percent for the third consecutive year in 2011, but showed underlying signs of acceleration as the economy recovered from recession, the Obama administration said on Monday.