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  • In a move that sets up another round of debate over the extenders in 2015, senior Republicans said a short-term extension would be approved for the package, with the House of Representatives acting as soon as this week. The Obama administration weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that...

  • The fund, run by ex- Credit Suisse traders George "Beau" Taylor and Trevor Woods, runs a diversified energy-related portfolio, but the slump in oil prices to five-year lows after the OPEC meeting was a key driver, the sources said. Pierre Andurand, founder of the BlueGold fund that had gigantic gains during the 2008 oil market slump, made 18 percent last month at his...

  • SYDNEY, Dec 3- The dollar hovered at a seven-year high against the Japanese yen early on Wednesday, following a broad rally overnight, thanks in part to a big rise in U.S. yields as the economic outlook there outshone most of its rich world peers. The dollar traded at 119.22 yen, after reaching 119.29, a high not seen since August 2007. The greenback also gained on the...

  • TORONTO, Dec 2- Chrysler Canada gained on Ford Motor Inc's Canadian unit for the second month in a row in November, pulling within 920 vehicles of the sales leader. The Fiat Chrysler Automobiles unit's sales rose 9 percent from a year earlier to 20,922 cars and trucks, capping five full years of monthly sales gains. "Given that December is traditionally a' slow' month...

  • Benchmark Brent crude oil on Monday rose more than 3 percent, the most in two years, on speculation that its sharp drop following last week's OPEC meeting was overdone. Iraq's government said it reached an agreement with Kurdish authorities to export 300,000 barrels per day of oil from Kirkuk and 250,000 bpd from the northern Kurdish region through Turkey.

  • WASHINGTON, Dec 2- Colombia's government rewarded children who showed up for school in Bogota with cash payments for their families, an attempt to reduce high school drop-out rates and encourage university attendance. But the program was less effective until the government made a tweak: some families would receive smaller regular sums and get a bigger payout...

  • NEW YORK, Dec 2- The Hershey Co may replace corn syrup with sugar in some products, the latest sign of waning demand for the syrup and growing competition in the sweetener market. The move, first reported by the Associated Press, comes at a critical time for corn syrup makers, which have been facing more scrutiny from public health officials and nutrition experts, and...

  • Dec 2- Avian influenza, known as bird flu, has killed thousands of turkeys and chickens on two farms in the province of British Columbia, the Canadian Food Inspection Agency said on Tuesday. Germany, the Netherlands and Britain reported cases last month of the highly pathogenic bird flu H5N8, which is similar to one that devastated poultry flocks in South Korea...

  • FDA panel says newer HIV tests effective Tuesday, 2 Dec 2014 | 5:00 PM ET

    Dec 2- Newer methods to test donated blood samples for HIV infections are effective, a panel of experts at the U.S. Food and Drug Administration concluded, in a move that could limit the ban on donations by men who have had sex with other men. The FDA's ban, in place for about three decades, disallows donations from men who have had sex with even one man since 1977, as they...

  • CARACAS, Dec 2- Venezuela's economy will contract again next year even if oil prices stem their steep fall and recent fiscal reforms give the economy some steam, according to the United Nations' body for Latin American and the Caribbean. The OPEC country's economy is seen contracting 3 percent this year and 1 percent next year, the Chile- based Economic Commission...

  • BRASILIA, Dec 2- A former Petrobras executive at the center of an alleged multibillion-dollar graft scheme involving the state-run oil company said on Tuesday that similar bribery and kickback schemes are prevalent in many Brazilian public-infrastructure projects. "What has been reported occurring at Petrobras happens all over Brazil in contracts for...

  • Otsuka to buy Avanir; Cypress Semi to buy Spansion. The only group to fall was telecoms, down 1.8 percent with AT&T down 2.2 percent at $34.29 and Verizon down 1.8 percent at $49.11. Sprint announced it will cut in half the monthly price of service for Verizon and AT&T customers who switch to Sprint.

  • NEW YORK, Dec 2- The Pimco Total Return Fund posted its 19th straight month of outflows in November, totaling $9.5 billion, but withdrawals are down dramatically since former Chief Investment Officer Bill Gross' exit. In November, the Pimco Total Return Fund bled $9.5 billion, but that compares with a record $27.5 billion of withdrawals in October and $23.5...

  • ATHENS, Dec 2- Greece has rejected its international lenders' demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said on Tuesday, arguing such measures would be disastrous for the country which has emerged from a deep economic recession. "Greece has done a lot already," Samaras said during an economic conference. The finance ministry...

  • VANCOUVER, Dec 2- TransCanada Corp, Canada's No.2 pipeline operator, is pausing work on a proposed oil export terminal in Quebec, after a federal committee recommended that Beluga whales in the St. "This news yesterday that there's a recommendation to place those belugas on the endangered species list, for us, was a signal that we needed to hit the pause button," said...

  • WASHINGTON, Dec 2- A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday. The measure also authorizes $63.7 billion in spending for U.S. wars overseas, mainly Afghanistan and the...

  • FOREX-Dollar gains on commodity-linked currencies Tuesday, 2 Dec 2014 | 4:12 PM ET

    NEW YORK, Dec 2- The dollar rebounded on Tuesday, supported by a retreat in oil prices that has helped to lift it against commodity-linked currencies. In afternoon New York trade, the dollar index reached a 4-1/ 2 year high, while gaining 1.30 percent against the Norwegian crown and hitting a fresh seven-year high against the yen. "The dollar is benefiting from a...

  • Dec 2- A Rhode Island judge on Tuesday agreed to send a union-backed lawsuit over the state's sweeping 2011 public pension reform to a jury trial, scheduled for April 20, a court spokesman confirmed. Rhode Island's overhaul has been used by other state and local governments across the United States as a model to rein in ballooning costs of retirement benefits for...

  • NEW YORK, Dec 2- Footwear retailer Brown Shoe Company Inc is trying to acquire women's luxury shoe retailer Stuart Weitzman Holdings LLC, which could fetch close to $1 billion, three people familiar with the matter said on Tuesday. Brown Shoe is competing against other potential suitors, that include private equity firms and financial investors, the sources...

  • NEW YORK, Dec 2- U.S. stocks rose on Tuesday, with the Dow industrials closing at a record led by gains in the energy sector, and as Biogen rallied on news about an experimental treatment for Alzheimer's disease. The Dow Jones industrial average rose 102.75 points, or 0.58 percent, to 17,879.55, the S&P 500 gained 13.11 points, or 0.64 percent, to 2,066.55 and the Nasdaq...