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  • Feb 4- Mobile game developer Glu Mobile Inc said it would partner with top-selling singer Katy Perry to develop a new mobile game, which will include the "Firework" singer's voice and likeness. The company, known for its popular " Kim Kardashian: Hollywood" game, said it expects to release the game in the fourth quarter. "Kim Kardashian: Hollywood" is a free-to-download...

  • Netflix to enter Japan in fall of 2015 -source Wednesday, 4 Feb 2015 | 6:23 PM ET

    Feb 4- Netflix Inc will launch its movie and TV streaming service in Japan in the fall of 2015, a source with knowledge of the matter said on Wednesday. The move is part of the U.S.-based streaming pioneer's global expansion. A Netflix spokesman had no comment.

  • *Euro suffers setback on worries about Greece. SYDNEY, Feb 5- The euro took a spill early on Thursday after the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations, dealing a blow to Athens which is seeking debt relief from euro zone lenders. The decision came after Greece's new finance minister Yanis...

  • WASHINGTON, Feb 4- U.S. federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments banned in the United States, the Wall Street Journal reported, citing people familiar with the investigation. UBS, which paid $780 million in 2009 to settle a separate Justice Department tax-evasion probe, is now...

  • WASHINGTON, Feb 4- The United States has to walk a fine line when trying to address currency manipulation in trade agreements, the head of a congressional committee responsible for trade said on Wednesday. House of Representatives Ways and Means Committee Chairman Paul Ryan said the dollar's role as reserve currency meant the United States had to find a...

  • Feb 4- Prudential Financial Inc reported a lower-than-expected quarterly adjusted profit as expenses rose and the life insurer booked losses stemming mainly from a weaker Japanese yen. Japan accounts for about a third of the company's international premiums. The insurer reported adjusted operating earnings of $2.12 per share for the fourth quarter ended...

  • Feb 4- Active investors are the hidden beneficiaries of the rise of index funds. Regardless of whether you believe in the value of active asset management, a new study of the global experience shows that the growth of index funds tends to make active funds more truly active and better performers. This finding is consistent with the idea that enhanced competition...

  • NEW YORK, Feb 4- The dollar on Wednesday rose the most against the euro in nearly two weeks after the European Central Bank abruptly rescinded its acceptance of Greek bonds in return for funding, intensifying concerns about Greece's status. The ECB's action, which occurred late in the U.S. session, shifted the burden to Greece's central bank to finance its lenders...

  • RIO DE JANEIRO, Feb 4- Investors betting that a long-awaited management change at Brazil's Petrobras will result in a swift rebound of the state-run oil company's fortunes are likely to be disappointed. Even with changes at the top, there is little sign that Petroleo Brasileiro SA, as the company is formally known, will quickly recover from Brazil's...

  • WASHINGTON, Feb 4- President Barack Obama's pick to become defense secretary told Congress on Wednesday he was leaning in favor of providing arms to Ukraine but later cautioned that the focus must remain on pressuring Russia economically and politically. Ashton Carter, a former Pentagon No. 2, told the Senate Armed Services Committee he would "very much...

  • Feb 4- Private equity firm Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to people familiar with the matter. Apollo, which took Great Wolf private in 2012 for $703 million, is working with Goldman Sachs Group Inc and Deutsche Bank AG on a so-called...

  • NEW YORK, Feb 4- The euro slumped late on Wednesday and safe-haven U.S. government bonds rallied after the European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding, putting more pressure on Greece to reach new reforms. In an indication of how Greek equities might trade on Thursday morning, the Global X FTSE Greece...

  • Glu Mobile to develop new Katy Perry game Wednesday, 4 Feb 2015 | 5:20 PM ET

    Feb 4- Mobile game developer Glu Mobile Inc said it would partner with top-selling singer Katy Perry to develop a new mobile game, which will include her voice and likeness. The company, known for its hit " Kim Kardashian: Hollywood" game, said it expects to release the game in the fourth quarter. Glu shares jumped 14 percent to $4.39 in extended trading.

  • GLOBAL MARKETS-Euro slumps after sudden ECB action Wednesday, 4 Feb 2015 | 5:08 PM ET

    NEW YORK, Feb 4- The euro slumped late on Wednesday while the U.S. dollar surged after the European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it reaches a new reform deal. The move, which means that the Greek central bank will...

  • *China's move on bank reserve pares earlier bids for bonds. NEW YORK, Feb 4- The European Central Bank's surprise move to stop accepting Greek bonds as collateral to raise cash caused a late safehaven rally in the U.S. "It means that we will not have a nice, smooth solution to Greek problems and we'll have a risk-off move," said David Keeble, global head of interest rates...

  • UPDATE 1-Cable business, films help Fox beat estimates Wednesday, 4 Feb 2015 | 5:07 PM ET

    Feb 4- Twenty-First Century Fox Inc's quarterly profit beat analysts' estimates, helped by higher affiliate and advertising revenue in its cable business and the box-office success of "The Maze Runner" and "Gone Girl". Shares of the company, which owns cable networks such as Fox News and FX Networks, rose 2.4 percent in extended trading. Net income attributable to...

  • Feb 4- Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor supplier, and its shares jumped 2.1 percent. Same-restaurant sales in China, Yum's No. 1 market for revenue and profit, fell 16...

  • NEW YORK, Feb 4- The S&P 500 and Nasdaq ended lower on Wednesday, snapping a two-day rally as energy shares slid with oil prices and as investors' anxiety about the euro zone returned in the closing minutes of trading. The benchmark index added to losses late in the session after the European Central Bank abruptly canceled its acceptance of Greek bonds in return for...

  • Decision will push Athens central bank to support lenders. FRANKFURT/ BRUSSELS, Feb 4- The European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal. The decision came just hours after...

  • DETROIT, Feb 4- A consortium of 10 automakers led by Toyota Motor Corp plans to hire an independent engineering firm and a former top U.S. auto safety regulator to investigate a rash of problems with air bags supplied by Japan's Takata Corp, the group said on Wednesday. The carmakers want a forensic engineering firm "to address the technical issues with Takata air...