RALEIGH, N.C.-- Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online.» Read More
Jan 14- Fiat SpA and Chrysler Group LLC will eventually be merged even if Chrysler does go for an initial public offering, said Sergio Marchionne, the chief executive of both automakers. "We will eventually have a merged car company," Marchionne told reporters at the Detroit auto show.
NEW YORK, Jan 14- Wall Street slipped on Monday, weighed down by shares of Apple in the face of demand concerns, while investors faced a busy week for earnings in what is expected to be a lackluster quarter.
*S&P no longer paid by Turkey. *Turkey reacted angrily to downward revision. ISTANBUL, Jan 14- Standard& Poor's said on Monday it would no longer offer a full rating service for Turkey, ditching much of its work with the economically booming country eight months after spat over a negative report.
CHICAGO, Jan 14- U.S. grains notched their highest prices in three weeks on Monday, with corn set for its longest rally since June after a government report last week forecast stockpiles in the world's top producer to hit a 17- year low by summer's end.
Jan 14- Peregrine Financial Group's former chief executive, who pleaded guilty to embezzling more than $100 million from customers of his futures brokerage, will be sentenced on Jan. 31, according to court documents filed on Monday. Russell Wasendorf Sr., 64, who founded the now-defunct firm,. The Jan. 31 hearing is in U.S. District Court in Cedar Rapids, Iowa.
*Harry Winston mining arm renamed Dominion Diamond Corporation. ZURICH/ LONDON, Jan 14- Switzerland's Swatch has agreed to buy the high-end jewellery arm of Harry Winston in a $1 billion deal which expands the watchmaker's luxury offering and leaves the Canadian group to concentrate on its diamond mines.
LONDON, Jan 14- New Generali boss Mario Greco hopes to raise 4 billion euros from selling non-strategic businesses, in a "revolution" aimed at turbocharging the Italian insurer's financial performance by 2015..
*China becomes biggest overseas market. SOLIHULL, England/ MUMBAI, Jan 14- Jaguar Land Rover has roared to health in the four years since it was bought by India's Tata motors, but now comes the hard part for the luxury British automaker: proving it can build new models without former owner Ford.
TORONTO, Jan 14- An Ontario Superior Court on Monday dismissed fraud charges against former Nortel Networks Chief Executive Frank Dunn and two other top executives of the failed telecom equipment supplier after a year-long trial involving one of the most spectacular casualties of the 1990' s dot-com bubble.
*Barclays cut follows new CEO's pledge to reduce pay. FRANKFURT/ NEW YORK, Jan 14- Barclays and Deutsche Bank will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said. Barclays and Deutsche Bank declined to comment.
JERUSALEM, Jan 14- Figures showing Israel's budget ran a much higher deficit than expected last year have dented Prime Minister Benjamin Netanyahu's claim to skilful economic management just over a week before a general election.
TORONTO, Jan 14- An Ontario Superior Court on Monday dismissed fraud charges against former Nortel Networks Chief Executive Frank Dunn and two other top executives of the failed telecom equipment supplier following a year-long trial involving one of the most spectacular casualties of the 1990' s dot-com bubble.
*Platinum's discount to gold hits narrowest in nine months. SINGAPORE/ LONDON, Jan 14- Rallying platinum prices are on the brink of hitting parity with gold, as concerns over supply outages in South Africa reignite, and stabilising economic conditions in China and the U.S. boost the appeal of industrial metals over safe havens.
Jan 14- Here is a look at Mali since a military coup paved the way for Islamist rebels to take over the country's mostly desert north:. The African Union suspends Mali the next day. One week later on April 6, the rebel group, the Movement for the Liberation of Azawad, proclaims independence for northern Mali, which it names Azawad, after announcing an end to fighting.
*Higher global supply, soft China imports to keep copper in ranges. LONDON, Jan 14- Copper prices slipped on Monday, dragged lower by a rise in the dollar against a basket of currencies, but further falls were kept in check by better economic growth prospects in top consumer China.
It was the biggest drag on the S&P 500 and Nasdaq composite indexes. "They've had great growth, but the growth is going to slow because we have some formidable competitors we didn't have when the iPhone first came out," said Alan Lancz, president at Alan B. Lancz& Associates Inc in Toledo, Ohio.
LONDON/ SINGAPORE, Jan 14- A recent rally in palladium is likely to run into headwinds in coming months as its higher prices attract a load of stockpiled and recycled metal onto the market.
LONDON, Jan 14- ICAP has sold a stake in technology unit Traiana to seven top banks in the latest example of the world's largest broker partnering with clients on key projects in a bid to retain their long-term support. ICAP said on Monday it had sold 12 percent of Traiana, which sells systems to streamline traders' back offices, to the banks for about $35 million.
WASHINGTON, Jan 14- President Barack Obama scheduled a surprise news conference for 11:15 a.m. EST on Monday to press his case for raising the U.S. borrowing limit. Obama is expected to focus on looming budget and borrowing due dates, White House officials said.
ISTANBUL, Jan 14- Credit-rating agency Standard& Poor's said on Monday that it no longer has a ratings deal with Turkey but it will still offer an overall assessment of the fast-growing economy to meet investor interest.