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WASHINGTON, Jan 10- U.S. wholesale inventories rose more than expected in November as petroleum stocks rebounded, according to a government report on Thursday that also showed sales rose by the most in more than 1-1/ 2 years.
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LONDON/ ZURICH, Jan 10- The former chief executive of UBS blamed "mercenaries" for its role in the global interest-rate rigging scandal that has further undermined the Swiss bank's once venerable reputation.
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Governor Andras Simor's term ends on March 2 but Prime Minister Viktor Orban is expected to nominate his successor for a six-year term only at the last minute. Varga, 47, the minister in charge of credit talks with the IMF and European Union, would be the preferred choice in financial markets if Orban decided to pick a politician, analysts say.
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NEW YORK, Jan 10- U.S. stocks advanced at the open on Thursday as stronger-than-expected exports in China, the world's second-biggest economy, raised hopes for a more robust recovery in the global economy this year. The Dow Jones industrial average gained 51.22 points, or 0.38 percent, to 13,441.73.
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Jan 10- Supervalu Inc, the No. 3 U.S. grocery store operator, plans to sell five retail grocery chains to an investor group led by Cerberus Capital Management LP, the company said on Thursday.
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Jan 10- Ford Motor Co doubled its quarterly dividend to 10 cents per share, its highest in seven years, on the back of strong sales in North America and a healthy balance sheet. Ford last paid a 10- cent dividend in May 2006. "We had thought that a dividend increase was likely but this announcement is larger than we expected," RBC Capital Markets analyst Joseph Spak said.
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*ECB holds rates at 0.75 pct, as expected. FRANKFURT, Jan 10- The euro zone economy will recover later in 2013 and there are already some signs of stabilisation, the European Central Bank said on Thursday after it unanimously held interest rates at a record low. "The economic weakness in the euro area is expected to extend into 2013," Mario Draghi told a news conference. "
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*Prices fall before $13 billion, 30- year bond sale. *Risk-taking in Europe, stocks gains dampen Treasuries demand. The Treasury will sell $13 billion in 30- year bonds in its final sale of $66 billion in coupon-bearing supply this week.
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HELSINKI, Jan 10- Nokia's mobile phone business achieved underlying profitability in the fourth quarter of last year, ahead of its earlier forecast, boosted by strong sales of its new Lumia smartphone.
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SAN FRANCISCO, Jan 10- California's economy. Brown faced a $9 billion gap a year ago and $25 billion two years ago. The Sacramento Bee reported on Thursday that Brown will propose giving more than $2 billion extra to K-12 districts next school year, quoting sources familiar with the proposal.
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LONDON, Jan 10- Department stores chain John Lewis and deep discounter Aldi emerged as winners on Thursday after British retailers fought it out for every pound in a tough Christmas. Elsewhere Tesco showed signs of life, John Lewis and Next proved as reliable as ever, but Marks& Spencer was left looking embarrassed when its poor results were leaked a day early.
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WASHINGTON, Jan 10- The number of Americans filing new claims for unemployment benefits rose last week, the Labor Department said on Thursday, but details of the report suggested the jobs market continued to grow at a moderate pace. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 371,000, the Labor Department said.
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Jan 10- Supervalu Inc, the No. 3 U.S. grocery store operator, said on Thursday it plans to sell five retail grocery chains to an investor group led by Cerberus Capital Management LP. Supervalu also said it posted a quarterly profit.
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Jan 10- Hank Greenberg will not sue AIG over the company's decision not to join his lawsuit against the U.S. government, his lawyer said on Thursday. Greenberg, who was chief executive officer of American International Group Inc for decades, has sued the government over the insurer's 2008 rescue, alleging it was done on unfair terms that harmed shareholders.
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WASHINGTON- President Barack Obama will nominate White House Chief of Staff Jack Lew to be his next Treasury secretary, choosing a budget expert and close confidant to spearhead tough fiscal fights with Congress over the U.S. deficit.
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Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, even as demand from Europe and the United States remained subdued.
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FRANKFURT, Jan 10- All members of the European Central Bank's Governing Council were in favour of keeping interest rates unchanged when they met on Thursday, ECB President Mario Draghi said. "The... decision was unanimous," Draghi told a news conference after the ECB left its main refinancing rate at a record low of 0.75 percent.
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*ESM's role was agreed by EU leaders in 2012 but Germany has doubts. In a major step last June, EU leaders agreed to allow the European Stability Mechanism to directly recapitalise banks and reduce the burden on countries such as Spain and Ireland, whose governments are carrying large amounts of debt after propping up banks when real estate bubbles burst.
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NEW YORK, Jan 10- Brent and U.S. crude futures held gains on Thursday after a report showed U.S. jobless claims increased last week from a revised lower figure in the previous reporting period. Brent February crude was up 90 cents at $112.66 a barrel at 8:38 a.m. EST, having traded from $111.60 to $113.29.
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FRANKFURT, Jan 10- The European Central Bank said on Thursday that recent economic surveys and indicators had shown signs of stabilising, suggesting an improved picture later in the year. "The economic weakness in the euro area is expected to extend into 2013," ECB President Mario Draghi said at a news conference. "