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  • ANALYTICS FIRM RETAILNEXT ESTIMATES TOTAL BRICK-AND-MORTAR U.S.

  • CHICAGO, Jan 7- U.S. retail store sales fell 8 percent during the 2014 holiday season despite a late shopping surge, but overall holiday sales should show a 3.5 to 4 percent rise from a year ago because of stronger online buying, analytics company Retail Next said on Wednesday. Specialty stores in the United States include chains such as Best Buy Co Inc and large...

  • RETAILNEXT EXEC EXPECTS TOTAL U.S.

  • SINGAPORE, Jan 8- U.S. crude stayed above $48 a barrel on Thursday, holding on to gains in the previous session following an unexpected drop in crude inventories and a positive economic outlook at the world's largest oil consumer the United States. *Brent crude settled at $51.15 a barrel on Wednesday, up 5 cents, after earlier falling below $50 for the first time...

  • SEOUL, Jan 8- Samsung Electronics Co Ltd on Thursday said its fourth-quarter profit likely fell 37.4 percent, confirming its first year of annual profit decline since 2011 as it struggles to retain its crown as global smartphone leader. The South Korean tech giant lost market share for three consecutive quarters up to July-September, and analysts say the trend...

  • LONDON, Jan 8- Tesco delivered its first salvo in a fight back against the growth of discount supermarkets on Thursday by cutting the price of hundreds of branded products such as Hovis bread, Kellogg's cornflakes and Stella Artois lager. Britain's biggest supermarket group, like rivals Asda, Sainsbury's and Morrisons, is losing sales to discounters Lidl and...

  • DIARY- Top Economic Events to Jan 21 Wednesday, 7 Jan 2015 | 7:01 PM ET

    LONDON- Bank of England announces interest rate decision- 1200 GMT. MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota participates in a Public Town Hall Forum at the Federal Reserve Bank of Minneapolis- 0100 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker discusses the economic outlook...

  • TESCO SAYS TO CUT PRICES ON HUNDREDS OF BRANDED PRODUCTS.

  • LAS VEGAS/ WASHINGTON, Jan 7- The top U.S. communications regulator on Wednesday touted a "just and reasonable" standard for policing Internet traffic in remarks seen as the strongest indication yet that he plans to follow President Barack Obama's lead on "net neutrality." The remarks by Federal Communications Commission Chairman Tom Wheeler at a trade show in...

  • Jan 7- A panel to the U.S. Food and Drug Administration unanimously backed the approval of Novartis AG's copy of Amgen Inc's blockbuster cancer drug Neupogen, setting the stage for the regulator's first approval of a biosimilar. The biosimilar could be priced at the same level as Neupogen, but cost to insurers and consumers would be lower, Novartis executives...

  • SEOUL, Jan 8- Samsung Electronics Co Ltd on Thursday said operating profit likely fell 37.4 percent in the October-December period to 5.2 trillion won, beating expectations. The guidance, released ahead of final fourth-quarter figures due around the end of January, was higher than a 5 trillion won mean estimate of 44 analysts polled by Thomson Reuters I/B/E/S.

  • Last July, before a similar deadline, Republican Senator Bob Corker of Tennessee and Democrat Chris Murphy of Connecticut proposed raising federal gasoline and diesel taxes by 12 cents a gallon over two years from the current 18.4 cents. He said it was unlikely the measure could gain enough support for the Senate to pass it soon. Dick Durbin, the No. 2 Democrat in...

  • NEW YORK, Jan 7- Halozyme Therapeutics Inc believes it has a multibillion-dollar cancer drug on its hands. Halozyme discussed interim data from a Phase II study of PEGPH20 with analysts and investors in New York on Wednesday, demonstrating its likelihood of delaying a worsening of the deadly cancer. "All that matters is that the tumor has to have a high...

  • BOSTON, Jan 7- Vanguard Group Inc plans to publish new details about how it voted at annual shareholder meetings, in a move likely to raise the heat on some of the nation's top companies. It follows the lead of BlackRock Inc, the world's largest asset manager, which ramped up its publishing of similar reports last year. Like BlackRock, Vanguard will not name specific...

  • Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in California, the Wall Street Journal reported on Wednesday, citing industry executives who have viewed confidential brokerage data. The wealth management office in La Jolla, California, which employs one...

  • FOREX-Euro gets the deflation jitters, dollar climbs Wednesday, 7 Jan 2015 | 6:10 PM ET

    *Euro shaky after falling towards $1.1800. SYDNEY, Jan 8- The euro held near a nine-year low early on Thursday, having been in the firing line again as investors wagered the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone. The euro fell as far as $1.1802, putting the 2005 trough of $1.1640 in reach of...

  • Daimler's Mercedes-Benz has a different idea from Ford- and worlds apart from Internet company Google Inc, which has jolted the automotive establishment with its high-profile effort to develop a fully self-driving city car. Where Ford wants to make autonomous cars for "Everyman," and Google envisions cars as pod-like appliances, Daimler presented robotic...

  • Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in Southern California, the Wall Street Journal reported, citing industry executives who have viewed confidential brokerage data. Bill Gross left PIMCO to join Janus Capital in September.

  • WASHINGTON, Jan 7- Republicans in the U.S. House of Representatives failed on Wednesday to round up enough votes for a bill scaling back various financial reforms, a surprising defeat in an area conservatives hoped to prioritize this year. Republican Party leaders brought forward numerous bills to revamp financial reforms under President Barack Obama's...

  • NEW YORK, Jan 7- U.S. "For the market, tilt slightly positive, but it's not a game changer," said Putri Pascualy, managing director and credit strategist at PAAMCO in Irvine, California. Yields on the benchmark 10- year Treasuries briefly topped 2 percent in New York trading after easing below the signpost level on Tuesday for the first time since October.