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  • Dec 29- Computer Sciences Corp on Monday said it will pay a $190 million penalty and restate three years of results to resolve a U.S. Securities and Exchange Commission civil probe into the information technology company's accounting. Computer Sciences said there were accounting irregularities at its businesses in the Nordic region, Australia and its...

  • Civeo revenue forecast lags estimate, shares slide Monday, 29 Dec 2014 | 5:48 PM ET

    Dec 29- Civeo Corp, a provider of oilfield accommodation services, forecast revenue for the first quarter and full year much below average analyst estimate, pulling down the company's shares by nearly 30 percent in extended trading. Civeo also suspended its quarterly dividend and said it has cut its workforce in the United States by 45 percent and in Canada by 30...

  • SAN FRANCISCO, Dec 29- Yuri Milner, the billionaire Russian who holds the largest outside stake in Chinese handset maker Xiaomi, said he expects to invest more evenly between the United States and China in 2015.. In recent years, the investments by his DST Global funds have skewed toward China, including DST's participation this month in a $1.1 billion funding...

  • Stocks in Athens plunged as much as 11.3 percent before closing down 3.9 percent, while yields on 10- year Greek bonds touched their highest since September 2013. Greece's Syriza party, which could come out ahead in the election, wants to wipe out a big part of the country's debt and cancel the terms of a bailout from the European Union and International Monetary...

  • BEIJING/ WASHINGTON, Dec 29- China is looking at signing an agreement with the United States to target assets illegally taken out of China by corrupt officials, a state-run newspaper said on Monday, as the government tightens the screws in its anti-graft battle. China has vowed to pursue a search, dubbed Operation "Fox Hunt," beyond its borders for corrupt officials...

  • WASHINGTON/ BOSTON, Dec 29- U.S. investigators believe that North Korea likely hired hackers from outside the country to help with last month's massive cyberattack against Sony Pictures, an official close to the investigation said on Monday. While U.S. officials investigate whether North Korea enlisted help from outside contractors, the FBI stood by its...

  • NEW YORK, Dec 29- The U.S. dollar hit fresh highs against the euro not touched in nearly 29 months on Monday as traders expecting tighter monetary policy in the United States compared to other economies saw little reason to halt this year's rally in the greenback. Divergence between the Fed's path toward rate hikes, which are expected to boost the dollar by driving...

  • US STOCKS-Wall St little changed but S&P hits record Monday, 29 Dec 2014 | 4:41 PM ET

    *Gilead Sciences rises on analyst upgrade. NEW YORK, Dec 29- U.S. stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum. Brent settled down $1.57 at $57.88 and U.S. crude settled down $1.12 at $53.61 a barrel.

  • Dec 29- U.S. stocks ended little changed in thin trading on Monday and the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum.

  • Mysterious FX cycle may challenge yen bears in 2015 Monday, 29 Dec 2014 | 4:00 PM ET

    TOKYO, Dec 30- Yen bears betting that the Japanese currency will keep declining for a few more years could be wrong-footed based on a mysterious 8- year pricing cycle that has proved accurate over the past four decades. But none are very convincing, "said Junichi Ishikawa, market analyst at IG Securities in Tokyo. Japan is promoting reflationary policies to revive...

  • Prime Minister Narendra Modi is depending on such young people to realise his dream of turning India from a country of IT professionals, security guards and low-paid chauffeurs into a manufacturing and export powerhouse through his "Make in India" initiative. India has too few skilled labourers thanks to decades of neglect in training and it desperately...

  • NEW YORK, Dec 29- Crude oil prices on tumbled Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009. News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output...

  • NEW YORK, Dec 29- U.S. On Monday, Greek Prime Minister Antonis Samaras failed to get enough support for his nominee, Stavros Dimas, and called for a national election on Jan. 25. "That is one of the main reasons we are trading a bit better here... there is more of a risk-off feel, given the headlines out of Greece," said Sean Murphy, a Treasuries trader at Societe Generale in New...

  • UPDATE 2-Burger chain Shake Shack files for IPO Monday, 29 Dec 2014 | 2:59 PM ET

    Dec 29- Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Meyer's Union Square Hospitality Group LLC also runs other popular New York eateries, including Blue Smoke, Gramercy Tavern...

  • UPDATE 1-Jeb Bush resigns from Rayonier's board Monday, 29 Dec 2014 | 2:48 PM ET

    Dec 29- Potential Republican presidential candidate Jeb Bush notified real estate investment trust Rayonier Inc that he will resign from its board, effective Dec. 31. President George H.W. Bush and the brother of former President George W. Bush, Jeb Bush served as Florida's governor from January 1999 until January 2007. Bush said there were no disagreements...

  • RIO DE JANEIRO, Dec 29- Brazil's state-run oil company Petrobras could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders adhere to a campaign to force it to speed up its assessment of losses in a giant corruption scandal. The campaign, which is being led by New York- based Aurelius Capital, applies only to the $54 billion...

  • *Gold prices return most of Friday's near 2- pct gain. NEW YORK/ LONDON, Dec 29- Gold fell on Monday, giving back most of the previous session's sharp short-covering gains, and silver fell also, as a strong U.S. dollar and bearish chart signals offset uncertainty over the prospect of fresh elections in Greece. Silver was down 1.7 percent at $15.74 an ounce, reversing...

  • *Gilead Sciences rises on analyst upgrade. NEW YORK, Dec 29- U.S. stocks were little changed in a quiet session on Monday as a decline in oil prices weighed on the energy sector, although the S&P 500 was on track to notch yet another record high. Brent was last off 2.8 percent at $57.80 while WTI lost 2.6 percent to $53.30.

  • John Bush resigns from Rayonier's board Monday, 29 Dec 2014 | 2:12 PM ET

    Dec 29- Rayonier Inc, a real estate investment trust, said independent director John Bush notified that he will resign from the company's board, effective Dec. 31. Bush, 61, stated that there are no disagreements between the company and him related to the company's operations, policies or practices, Rayonier said. He is the president of Jeb Bush and Associates, a...

  • CHICAGO, Dec 29- United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping. Memphis- based FedEx will roll out the same change on Jan 5. UPS and FedEx announced the change in May and have worked to...