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  • *PM Abbott billed himself as "infrastructure prime minister". SYDNEY, Dec 5- A year after Tony Abbott pledged to be an "infrastructure prime minister," he risks becoming the first Australian premier to preside over a recession since the early 1990 s, in part due to the snail's pace of new building projects. As mega projects in liquefied natural gas come to completion...

  • The national security official, who spoke on the condition of anonymity, said North Korea is not the only suspect and it was too soon to definitively know who is behind the attack that exposed a trove of internal data and shut down the computer systems at the entertainment arm of Sony Corp.. North Korea had vehemently denounced the Sony film "The Interview," a comedy...

  • NEW YORK, Dec 4- U.S. Treasuries investors are focused on the wide difference in yields between European government bonds and higher-paying Treasuries, especially among long maturities, according to Dan Heckman, senior fixed income strategist, at U.S. Bank Wealth Management in Kansas City.

  • The figure represents the average premium for the second-lowest-cost silver plan, which is the benchmark plan used to set subsidy levels, the Department of Health and Human Services said. The report from its Office of the Assistant Secretary for Planning and Evaluation covered the costs of plans sold on the website run by the federal government and created...

  • WASHINGTON, Dec 4- Samsung Electronics Co Ltd asked a U.S. appeals court on Thursday to toss out an order that it pay Apple Inc $930 million for infringing on iPhone patents to make its Galaxy line of smartphones and tablets. In this case, Samsung asked the court to throw out a decision from the U.S. District Court for the Northern District of California which had...

  • *Dollar rises above 120 yen, a seven-year high. NEW YORK, Dec 4- The euro rebounded from a more than two-year low against the dollar on Thursday after European Central Bank President Mario Draghi did not send as strong a signal about injecting more stimulus as the market had expected. The dollar, meanwhile, zoomed to a more than seven-year peak against the yen after...

  • VANCOUVER, Dec 4- Shares of Enbridge Inc surged more than 12 percent to a record high on Thursday, a day after the company outlined plans to transfer ownership of its Canadian pipelines to an affiliate and boost its dividend by 33 percent. The plan will allow Calgary- based Enbridge to accelerate dividend growth and improve funding costs for new projects,...

  • Dec 4- The top U.S. patent appeals court has thrown out a $176 million award for healthcare company Covidien Plc in a dispute with a Johnson& Johnson subsidiary over surgical instruments. Judge Sharon Prost of the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., ruled on Thursday that Covidien's patent claims, which involve surgical cutting tools...

  • WASHINGTON, Dec 4- The Federal Reserve lacks complete data on various parts of the financial system, which presents a challenge as the central bank ramps up its effort to ensure financial stability, a top Fed official said on Thursday. "We don't even really have complete data on the various, different parts of the financial system yet. There are still some...

  • NEW YORK, Dec 4- The billionaire Ronald Perelman's lawsuit accusing New York City art gallery owner Larry Gagosian of defrauding him into overpaying for a Cy Twombly painting has been thrown out by a unanimous state appeals court. Despite being a "sophisticated" plaintiff, Perelman "conducted no due diligence" to determine what Twombly's "Leaving Paphos Ringed...

  • Dec 4- Uber said it raised $1.2 billion in its latest funding round and had additional capacity remaining for strategic investments, valuing the U.S. taxi service firm at $40 billion. Kalanick did not say who made the investment in the ridesharing company, which counts Goldman Sachs and Google Ventures among its existing investors. Uber was valued at $18.2...

  • Ponte worked in Sanofi's Bridgewater, New Jersey, office reviewing contracts for legal compliance, according to the lawsuit. In March 2013, she discovered that nine contracts paying $34 million to accounting firm Deloitte LLP and consulting firm Accenture Plc were actually covers for kickbacks, the lawsuit said. Deloitte and Accenture are not defendants in...

  • OTTAWA, Dec 4- The sharp decline in oil prices should not prevent Canada's Conservative government from balancing its budget next fiscal year, Prime Minister Stephen Harper said on Thursday. He noted that the federal government does not get direct royalties from oil companies, though it does receive corporate taxes; and he said Finance Minister Joe Oliver had...

  • * "Bad news" if Australia refuses to contribute to Green Fund- Su. LIMA, Dec 4- Rich nations' pledges of almost $10 billion to a green fund to help poor nations cope with global warming are "far from adequate," particularly Australia's lack of a donation, the head of China's delegation at U.N. climate talks said on Thursday. Speaking during Dec. 1-12 talks in Lima, Su said donor...

  • LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers. A spokesman for GSK, which was being advised on the disposal by Lazard, declined to give any more details. Bidders, who had been hoping to clinch a deal before the end of the year,...

  • US STOCKS-Wall St flat, on tenterhooks over ECB action Thursday, 4 Dec 2014 | 1:31 PM ET

    *Stocks slide after Draghi speaks, rebound on action hopes. NEW YORK, Dec 4- U.S. stocks were little changed on Thursday, bouncing from initial losses after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action, saying the issue would be addressed early next year. "I don't think Mario Draghi took anything off...

  • LONDON, Dec 4- Anglo-Dutch consumer goods company Unilever is on the hunt to acquire higher-end personal care brands, its chief executive said on Thursday. Speaking at an investor meeting, CEO Paul Polman also said that high valuations in the industry would not be a deterrent for the right deal. "We continue to look at opportunities to bring our personal care...

  • Dec 4- ICAP Plc, the world's largest interdealer broker, said on Thursday it would combine its foreign exchange trading platform EBS and fixed-income trading platform BrokerTec. Interdealer broker revenues have plunged as banks retreat from risky trading to comply with new rules brought in after the 2008 financial crisis, and ICAP has been trying to offset a...

  • *Euro zone shares slide, but Wall Street subdued. NEW YORK, Dec 4- The euro rebounded and bond yields in the euro zone bounced off record lows on Thursday, after the European Central Bank put off until next year a decision about whether to increase economic stimulus, leaving investors uncertain. Stocks in the euro zone fell more than 1 percent and MSCI's measure of...

  • Pacific Sunwear beats Street 3Q forecasts Thursday, 4 Dec 2014 | 12:58 PM ET
    Earnings report

    Pacific Sunwear of California reported a fiscal third-quarter loss of $469,000.