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  • UPDATE 2-Nu Skin cuts forecast, denies SEC probe Wednesday, 5 Nov 2014 | 2:14 PM ET

    Nov 5- Nu Skin Enterprises Inc cut its profit and sales forecast for the current quarter as a strong dollar compounds troubles in China, and it denied a report that it faces a U.S. regulatory investigation. "To our knowledge, the SEC has not opened a formal investigation nor made any request for the production of documents," Nu Skin Chief Executive Truman Hunt said on a...

  • RIYADH, Nov 5- The retail portion of the 22.5 billion riyal initial share sale by Saudi Arabia's National Commercial Bank was 23 times subscribed, the bank said on Wednesday, quoting the final results of the offer. The share sale, which ran from Oct. 19 to Nov. 2, was the biggest ever conducted in the Arab world and the second-largest globally this year after Alibaba...

  • The main proponent to end what detractors called "autopilot" raises for the city's safety workers was San Bernardino's mayor, Carey Davis. The result means the city, 65 miles east of Los Angeles and which has been in bankruptcy since July 2012, must still set base pay for police and firefighters based on the average salary of such workers in 10 other similarly sized...

  • WASHINGTON, Nov 5- President Barack Obama will ask the U.S. Congress to approve $6.2 billion in new funds this fiscal year to combat Ebola in West Africa and the United States, according to officials familiar with the request. According to an official at the White House's Office of Management and Budget, the administration wants lawmakers to provide $4.5 billion...

  • CHICAGO, Nov 5- The Republican wave that hit the U.S. Congress in Tuesday's midterm election also boosted the party in state races, where it gained control of 10 chambers and could be on track to holding the largest number of legislative seats since before the Great Depression. Democrats lost their majorities in the West Virginia House, Nevada Assembly and Senate,...

  • BOSTON, Nov 5- Hedge fund Elliott Associates may take legal action against pharmaceuticals company AbbVie Inc for scuttling a merger deal with Shire Plc. Elliott said in a quarterly letter to investors that it was disappointed when AbbVie's board withdrew its support for the deal in October after executives had signaled strong interest in late September.

  • Under the 2010 Dodd-Frank law, the SEC gained power to pursue more enforcement cases in-house, whereby trials are decided by staff SEC judges rather than juries. While the agency might be tempted to turn to SEC administrative judges to avoid trial defeats like in the insider trading action against billionaire Mark Cuban, the courts have "functioned very...

  • The Securities Investor Protection Corp said it is aware of two websites that it believes are falsely claiming to help protect U.S. and non-U.S. brokerage customers, whether by posing as SIPC or claiming its powers. SIPC said such "phishing" scams involve con artists who trick people into paying up-front fees, providing access to. "It seems to come and go in waves,"...

  • PRESIDENT BARACK OBAMA SEEKS $6.2 BILLION TO BATTLE EBOLA OUTBREAK- OFFICIALS.

  • MOSCOW, Nov 5- Based on Russian central bank calculations the rouble is somewhat undervalued, the bank's first deputy governor, Ksenia Yudayeva, said on Wednesday. "There is balance that depends on some fundamental factors, on the situation with the balance of payments," Yudayeva said in an interview with the state-run Rossiya 24 news channel.

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly profit as a cool summer reduced demand. The company, which also operates in Brazil, Argentina and Chile, said the results were also hurt by lower income from international operations and higher fuel costs. The company sells power to 7.2 million...

  • NEW YORK, Nov 5- Having your own tax-deferred retirement account is a bit like having one of those self-titrating morphine buttons that hospitals use: Press it whenever you need quick relief. That's especially true for early retirees trying to decide when to start Social Security, how to pay for health care and more. If you are buying your own health insurance via...

  • DALLAS, Nov 5- Voters approved a ban on hydraulic fracturing in the north Texas town of Denton on Tuesday, making it the first city in the Lone Star State to outlaw the oil and gas extraction technique behind the U.S. energy boom. The vote in the city of 123,000 was highly symbolic because hydraulic fracturing, better known as fracking, is widely used in Texas, the top...

  • Members under the Medicaid health plans increased 28 percent to 2.3 million in the quarter ended Sept. 30, driven by additions in Florida, Kentucky and Georgia under the federal health insurance program for lower-income people, Wellcare said. Medicaid expansion has also helped other insurers such as UnitedHealth Group Inc, Centene Corp and Cigna Corp..

  • M&S and Brenntag surge as European shares bounce back Wednesday, 5 Nov 2014 | 12:44 PM ET

    *Marks& Spencer jumps after results. PARIS/ LONDON, Nov 5- European stocks rebounded on Wednesday, helped by positive company results including those from British retailer Marks& Spencer, whose shares surged nearly 10 percent higher. Marks& Spencer jumped 9.7 percent after posting a rise in underlying first-half profit for the first time in four years, beating...

  • RUSSIAN CENTRAL BANK FIRST DEPUTY GOVERNOR YUDAYEVA SAYS BASED ON CENTRAL BANK CALCULATIONS ROUBLE IS SOMEWHAT UNDERVALUED- TV.

  • CALGARY, Alberta, Nov 5- Penn West Petroleum Ltd, one of Canada's largest conventional oil producers, said on Wednesday it can pay its dividend and fund its capital program even as falling oil prices cut into profits. Global crude prices have slipped by about 25 percent since touching a high of $115 in June, hurt by excess supply, including from North American shale...

  • BENGHAZI, Nov 5- Libya's major El Sharara oilfield has shut down production after an armed group seized it, oil ministry sources said on Wednesday. The area near the field, which is deep in Libya's lawless south, has been the scene of fighting between rival tribes. Libya is divided between rival tribes and political factions, with two governments vying for...

  • NEW YORK, Nov 5- U.S. imports of synthetic apparel this year have overtaken cotton garments for the first time in decades, according to the latest U.S. government data, confirming the cotton industry's fears that cotton is losing the battle to manmade fibers. Of 19.43 billion square-meter equivalents of apparel shipped to the United States through September,...

  • *Corn edges higher on bargain buying. Corn edged higher, with traders noting some bargain buying after posting sharp declines in the previous two sessions. Egypt, the world's top buyer of wheat, on Wednesday again bypassed U.S. offerings in its latest tender in favor of cheaper supplies from France and Ukraine.