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  • *Germany's DAX ends at record close of 10,087.12 points. PARIS, Dec 5- European stocks rallied on Friday, with Germany's DAX hitting a record closing high, boosted by data showing U.S. employers took on the most workers for nearly three years in November. Germany's DAX surged 2.4 percent, ending at a record closing high of 10,087.12 points.

  • WASHINGTON, Dec 5- The Chicago suburb of Harvey has settled civil charges in an unusual case where federal regulators had rushed to obtain an emergency restraining order against a planned bond sale, the Securities and Exchange Commission said on Friday. Under the settlement reached with the SEC on Thursday, Harvey will be required to obtain an independent...

  • ANALYSIS-Markets question Argentina Boden swap Friday, 5 Dec 2014 | 12:11 PM ET

    NEW YORK, Dec 5- News that Argentina is to carry out a liability management exercise to repurchase Boden bonds drew a mixed response this week as market participants questioned the economics of the trade. The fact that Argentina is addressing a looming US $6 bn- plus payment on its Boden 2015 s cheered those concerned about the sovereign's longer-term ability to...

  • Dec 5- Sue Ann Arnall, the ex-wife of Continental Resources Chief Executive Officer and Chairman Harold Hamm, has appealed a divorce judgment that awarded her around $1 billion from the Hamm marital estate, her lawyers said on Friday. Arnall, who has gone back to using her maiden name, comes after Oklahoma County Court Judge Howard Haralson ruled last month that...

  • ANALYSIS-Venezuela default risks spike Friday, 5 Dec 2014 | 11:54 AM ET

    NEW YORK, Dec 5- The dramatic drop in oil prices has Venezuela struggling to cover financing gaps. "If present policies are held unchanged, the market sees the height of default risk in two years time," said Michael Roche, emerging markets fixed-income analyst at the Seaport Group. Venezuela's Expected Default Frequency- Moody's market-based measure of credit...

  • NEW YORK, Dec 5- Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than previously thought. "This report solidifies the idea that the economy is getting stronger, and the more economic activity on Main Street, the...

  • DETROIT, Dec 5- General Motors Co disclosed on Friday that it recalled more than 2,400 of its new mid-sized pickup trucks in the United States and Canada to fix a previously announced air bag issue. GM told dealers in October to stop selling the newly introduced 2015 Chevrolet Colorado and GMC Canyon pickups to fix an air bag wiring issue. GM said in documents...

  • LISBON, Dec 5- Telecoms group Altice's plan to buy the Portuguese operations of Brazil's Oi for 7.4 billion euros depends on winning the backing of shareholders in Portugal Telecom SGPS, the holding company which owns 25.6 percent of Oi, a spokesman for Portugal Telecom said. Lisbon- listed Portugal Telecom SGPS is the target of a 1.2 billion-euro takeover offer...

  • The point of the test flight, which cost NASA about $375 million, was to verify that Orion's 16.5- foot diameter heat shield, parachutes, avionics and other equipment would work as designed prior to astronauts flying aboard. NASA has been developing Orion, along with a new heavy-lift rocket, for more than eight years. NASA has spent more than $9 billion developing...

  • Dec 5- A U.S. spaceship designed to one day fly astronauts to Mars made a near-bullseye splashdown in the Pacific Ocean on Friday, wrapping up a flawless, unmanned debut test flight around Earth.

  • NASA SPACESHIP SUCCESSFULLY COMPLETES DEBUT TEST FLIGHT WITH SPLASHDOWN IN PACIFIC OCEAN.

  • WASHINGTON, Dec 5- Network equipment maker Cisco Systems Inc filed two lawsuits on Friday against smaller rival Arista Networks Inc, accusing it of copying Cisco's networking technologies. In the lawsuits, filed in a California district court, Cisco accused Arista of infringing on 14 patents related to networks and also infringing on related copyrights,...

  • UAE-Egypt alliance expands to desert wheat venture Friday, 5 Dec 2014 | 11:03 AM ET

    *UAE providing billions in cash, fuel, projects to Cairo. ABU DHABI/ CAIRO, Dec 5- Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat in the desert that could boost the Cairo government's credibility if successful. As Egypt recovers from turmoil following the 2011 revolt that toppled Mubarak, Gulf...

  • NEW YORK, Dec 5- Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than previously thought. "This report solidifies the idea that the economy is getting stronger, and the more economic activity on Main Street, the...

  • Dec 5- Delia* s Inc said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," becoming the second teen retailer to go out of business in as many days. Delia* s announcement wiped out more than 85 percent of the company's market value on Friday. Sales at Delia* s, which has 95 mall-based stores, has fallen for six quarters in a...

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point estimated in late October, Bank of Canada Governor Stephen Poloz told Reuters on Friday. However, U.S. growth is a little stronger than previously forecast and this should offset some of the downward pressure from cheap oil, Poloz said on the...

  • *Energy squeeze since June after Russia gas cut off. Without Russian natural gas imports since June and hit by separatist violence that has disrupted its own coal mining, Ukraine has been forced to introduce mass electricity cuts. To help keep coal-fired power plants operating it turned to South Africa for one million tonnes of coal and received three...

  • WASHINGTON, Dec 5- President Barack Obama on Friday said the latest U.S. jobs report shows wages are rising, calling it "a very welcome sign for millions of Americans."

  • MOSCOW, Dec 5- The rouble defied falling oil prices to firm on Friday, buoyed by what traders said were sizeable interventions by the central bank after President Vladimir Putin gave instructions to deal with "speculators" he blames for weakening the currency. Russian stocks fell heavily, however, weighed down by oil prices falling further below $70 per barrel.

  • Dec 5- JPMorgan Chase& Co Chief Executive Jamie Dimon said medical tests showed "no evidence of cancer in my body," according to an internal memo seen by Reuters. JPMorgan said in July that Dimon, 58, had been diagnosed with throat cancer, but the ailment was curable. JPMorgan's shares were up 2.4 percent at $62.85 on the New York Stock Exchange.