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  • UPDATE 2-Peltz softens stance on splitting DuPont Wednesday, 11 Feb 2015 | 11:14 AM ET

    *Trian Fund "open-minded" about keeping portfolio together. Feb 11- Activist investor Nelson Peltz's hedge fund said it was "open-minded" about keeping DuPont together, after agitating for months to break up the chemical conglomerate. Trian Fund Management LP detailed the change in strategy on Wednesday, while urging DuPont shareholders to vote Nelson Peltz...

  • Feb 10- Valeant Pharmaceuticals International Inc will scoop up bankrupt cancer vaccine maker Dendreon Corp, after no additional qualified bids came forward by Tuesday's deadline, Valeant said. Valeant, of Laval, Quebec, will get Seattle- based Dendreon's Provenge cancer treatment and other assets for $400 million in cash. Dendreon and Valeant will seek court...

  • LAGOS, Feb 11- Nigerian dealers pulled the plug on electronic trading in the naira on Wednesday after the currency slid past 200 to the dollar on fears the postponement of this week's election could trigger a constitutional crisis in Africa's biggest economy. Deploying for the first time a' circuit-breaker' agreed among themselves last month, leading banks in...

  • CARACAS, Feb 11- Venezuela's dollar-denominated bonds tumbled across the board on Wednesday after the government announced a new foreign exchange platform that was widely seen as insufficient to resolve the country's economic crisis. "The persistence of large distortions in the FX market will make it more difficult for the government to make necessary...

  • NEW YORK, Feb 11- James Garrity, a partner in the law firm Morgan Lewis& Bockius, is returning to the bench as a U.S. bankruptcy judge in New York after more than a 15- year absence, court officials announced on Wednesday. Bankruptcy Judge Allan Gropper on Feb. 17, according to the 2nd U.S. Circuit Court of Appeals, which oversees bankruptcy judge succession in the...

  • UPDATE 8-Oil falls towards $54 on record-high U.S. stocks Wednesday, 11 Feb 2015 | 10:56 AM ET

    LONDON, Feb 11- Oil fell more than $2 on Wednesday towards $54 a barrel after U.S. crude stock piles hit record highs. U.S. commercial crude oil stock piles rose by 4.9 million barrels last week to 417.93 million barrels, their highest since records began in 1982, the government-run Energy Information Administration reported on Wednesday. Brent crude futures...

  • Feb 11- AOL Inc said it expected domestic display revenue to decline in the first half of the year, after reporting a lower-than-expected quarterly revenue. "I would expect domestic display revenue to decline in high single digits in the first half of the year," AOL Chief Financial Officer Karen Dykstra said on a conference call. Revenue in AOL's properties...

  • Malone to swap Starz shares for stake in Lionsgate Wednesday, 11 Feb 2015 | 10:54 AM ET

    Feb 11- Cable industry pioneer John Malone agreed to exchange a part of his stake in cable network Starz for shares in movie studio Lionsgate Entertainment. Starz's shares were up 5 percent at $32.24 on the Nasdaq. Malone will swap 4.5 percent of Starz shares held by him and his affiliates for a 3.43 percent stake of Lionsgate, comprising newly issued shares, the...

  • Feb 11- Bank of America Corp used its government-backed U.S. banking unit for years to finance controversial trades that helped clients avoid taxes, the Wall Street Journal reported, citing internal documents and people familiar with the matter. "BANA no longer finances dividend arbitrage activity," Bank of America said in a statement to Reuters.

  • LONDON, Feb 11- An indecisive result in Britain's upcoming national election and weak wage growth present the biggest threats to the economic recovery, according to a Reuters poll of economists. But with a "hung parliament" in which no one party has enough seats to govern alone looking increasingly likely, 11 out of 27 economists said the outcome of the vote was the...

  • *One-in-four chance Greece exits monetary union. Feb 11- The euro zone's bout of deflation will last for most of this year despite the European Central Bank's decision to buy government bonds, according to a Reuters poll that also gave a one-in-four chance of Greece leaving the currency area in 2015.. The findings from a survey of economists taken this week are...

  • UPDATE 1-CP Rail says it is ready for a strike Wednesday, 11 Feb 2015 | 10:43 AM ET

    TORONTO, Feb 11- Canadian Pacific Railway Ltd managers will be ready to take over if train engineers and conductors in Canada strike this weekend, Chief Operating Officer Keith Creel said on Wednesday. CP, which also has a substantial U.S. network, said the Teamsters unit represents more than 3,000 active locomotive engineers and conductors.

  • Feb 11- U.S. fertilizer company Mosaic Co's fourth-quarter profit nearly tripled, helped by strong demand for phosphates and potash. The company's shares rose 2.3 percent at $51.94 in morning trading in New York on Wednesday. Rival Potash Corp of Saskatchewan last month reported higher-than-expected quarterly profit.

  • MOSCOW, Feb 11- Russian assets were mixed on Wednesday, with rising hopes of a new peace deal to end the war in Ukraine helping stocks, but the rouble weighed down by a sharp decline in oil prices. The gains reflected growing optimism that a four-way summit between the leaders of Russia, Ukraine, France and Germany, in the Belarussian capital Minsk, would produce a deal...

  • BANGKOK, Feb 11- Thailand's economy is picking up speed in 2015 as government spending accelerates and urban consumption improves after political turmoil last year choked growth, its finance minister said on Wednesday. Protests paralysed Thailand's government in the first half of last year, hurting tourism and denting consumer confidence.

  • Feb 11- Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, reported a better-than-expected adjusted quarterly profit and said it expects cost cuts to boost full-year adjusted operating margin this year. Like other companies in the food industry, Mondelez has faced sluggish markets in some of its key categories.

  • LONDON, Feb 11- Oil fell below $55 a barrel on Wednesday ahead of U.S. government data expected to show domestic crude stockpiles at all-time highs. U.S. crude traded at $48.89, down $1.13, having reached a high of $51.14 earlier in the session. Crude had come under pressure on Tuesday from International Energy Agency forecasts of continued supply growth in the...

  • Feb 11- Trian Fund Management LP urged DuPont shareholders to vote Nelson Peltz and three other nominees to the board, days after the chemical company named two of its own nominees as directors. The activist investor also noted that DuPont Chief Executive Ellen Kullman had sold more than half of her holdings in the company since the fund first disclosed its...

  • UPDATE 1-China weighs on French wine and spirits exports Wednesday, 11 Feb 2015 | 10:09 AM ET

    *China clampdown on extravagant spending hits demand. Shipments of French wines and spirits abroad fell 2.8 percent to 10.8 billion euros in 2014, hurt by a 17.4 percent fall in sales to China, the sector's federation FEVS said on Wednesday. The sector had already recorded signs of weakness in 2013 when total export revenue fell 0.4 percent, also pressured by a...

  • UKRAINE'S POROSHENKO ARRIVES IN MINSK FOR UKRAINE TALKS- REUTERS WITNESS.