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  • *Advisors urge bigger budget deficit to arrest economic slowdown. BEIJING, Dec 30- China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after disappointing returns from a year of monetary policy easing. "To halt a further slowdown in...

  • Dec 29- Chemical maker DuPont Co said it would cut 1,700 jobs in Delaware, as part of a previously announced plan to reduce its workforce before combining with Dow Chemical Co in a $130 billion megamerger. Delaware Governor Jack Markell said in a statement that the news of the job cuts was "deeply disappointing." DuPont and Dow Chemical agreed to merge in an...

  • SAN FRANCISCO, Dec 29- Sidecar, the ride-hailing and delivery company that has long struggled to keep up with competitors Uber and Lyft, said on Tuesday it will cease operations at the end of the month. Co-founders Sunil Paul and Jahan Khanna wrote in a post on Medium that Sidecar will end service at 2 p.m. PST on Thursday. It raised about $35 million from investors...

  • NEW YORK, Dec 29- Yields on U.S. The five-year note auction was expected to be well received given the surprisingly strong demand at the $26 billion sale of two-year notes on Monday, but traders were disappointed by weak demand for the notes. "Markets in the last week of December are thin and a lot of people have already closed their books for the year, so that's part of...

  • SAN FRANCISCO, Dec 29- A federal judge granted approval for coal producer Walter Energy Inc to reject its labor agreements and end retiree benefits, which the bankrupt U.S. company said was needed in order to sell off its operations, given the industry's dire straits. "The court finds credible that no potential buyers have an interest in assuming such obligations,...

  • Dec 29- The lopsided performance of exchange-traded funds tracking China's turbulent domestic markets is stanching the flow of new money into a market that once excited investors. Investors pulled $418 million out of ETFs tracking Chinese stocks that trade on the Shanghai and Shenzhen exchanges in the year to Dec. 21, withdrawals representing more than half...

  • NEW YORK/ LONDON, Dec 29- Oil jumped more than $1 a barrel on Tuesday as colder weather prompted buying a day after prices slid 3 percent, but slowing global demand and abundant supplies from OPEC members will continue to pressure the market, traders said. A Reuters poll suggested that stockpiles fell 2.5 million barrels last week ahead of inventory reports from...

  • NEW YORK, Dec 29- A New York state appeals court on Tuesday threw out Facebook Inc's unusual malicious prosecution lawsuit against DLA Piper and two other law firms that have represented a fugitive who claimed a 50 percent stake in the social media company. Reversing a lower court ruling, the Appellate Division in Manhattan rejected "conclusory" allegations by...

  • NEW YORK, Dec 29- Moody's Investors Service downgraded its credit rating on Noble Group Ltd on Tuesday to junk status with a negative outlook due to concerns over the Singapore- listed commodity trader's liquidity, profitability and cash flow. "The downgrade of Noble's ratings reflects Moody's concerns over the company's liquidity," Joe Morrison, a Moody's vice...

  • *Pep Boys up after board finds Icahn's proposal superior. Dec 29- Wall Street surged on Tuesday, pushing the S&P 500 into a small gain for the year as Amazon and Apple led tech stocks higher and recovering crude prices bolstered energy shares. Chevron rose 1.37 percent, helping push the S&P energy sector up 0.89 percent after oil prices edged up on the prospects of...

  • Editor: Steve Orlofsky: +1 646 223 6200. Third time's a charm for UPS at Christmas, but FedEx stumbles. CHICAGO- After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year, but its main rival, FedEx, stumbled at the last minute, leaving some gifts undelivered until after the holiday.

  • *Gold reverses previous session's decline. LONDON, Dec 29- Gold edged up on Tuesday in response to firmer oil prices, but a rebound in the dollar limited upside momentum for the metal, which appeared poised for a third year of losses amid the prospect of rising U.S. interest rates. Gold is likely to end 2015 down nearly 10 percent, mostly due to expectations that higher...

  • Dec 29- Twitter Inc hired former Apple Inc employee Jeffery Siminoff as vice president of diversity and inclusion, according to the micro-blogging website operator's employees. Van Huysse, who has been with Twitter for six years, announced her departure on the social networking website on Tuesday. Van Huysse in an earlier post had outlined 2016 diversity...

  • *Wheat's rally lifts corn off contract lows. *Soybeans higher after five-session slide. At the Chicago Board of Trade as of 12:32 p.m. CST, March wheat was up 8 cents at $4.74-1/ 2 per bushel.

  • HAVANA, Dec 29- Cuba has forecast economic growth at 2 percent in 2016, down from 4 percent this year but still favorable considering the world economy, Economy Minister Marino Murillo said on Tuesday. Cuba receives more than 100,000 barrels of oil per day as part of an exchange with Venezuela for Cuban doctors and other professionals. Under the deal, Venezuela is...

  • CHICAGO, Dec 29- After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year while its main rival FedEx had a last-minute stumble that left some gifts undelivered until after the holiday. Arch rival FedEx Corp experienced problems on a smaller scale. FedEx did not experience problems that year.

  • SAN FRANCISCO, Dec 29- Short sellers waiting for recently listed shares of Ferrari NV to swerve off the road may soon face higher costs to maintain their bets on the luxury sportscar maker. Nearly all of the Ferrari shares available for borrowing by short sellers have been lent out, pushing the cost of borrowing the few remains shares sharply higher, according to...

  • *Aviva, Direct Line, RSA, AXA say too soon for cost estimates. LONDON, Dec 29- Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Around 6,700 properties have been damaged so far according to the Environment Agency, with accountancy firm KPMG estimating the total...

  • RIO DE JANEIRO, Dec 29- Sao Paulo's city hall on Tuesday proposed levying fees on Uber, a plan praised by the ride-hailing service but protested by taxi drivers in Brazil's largest city who say the plan does not go far enough to regulate the rapidly growing app. Uber Technologies Inc endorsed the proposal as "innovative" in a statement and said it would take part in...

  • NEW YORK, Dec 29- A New York state appeals court on Tuesday threw out Facebook Inc's unusual malicious prosecution lawsuit against DLA Piper and other law firms that have represented a fugitive who claimed a 50 percent stake in the social media company. Reversing a lower court ruling that favored Facebook and Chief Executive Mark Zuckerberg, the Appellate...