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  • ATLANTA, Jan 11- Global risks including a slowdown in China and continued low oil prices are now the chief risks to what is an otherwise promising outlook for the U.S. economy, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday. Lockhart told the Rotary Club of Atlanta he remains "mildly optimistic" that strong domestic consumption will help...

  • LONDON, Jan 11- European shares ended a choppy session in negative territory on Monday, with drugmaker Shire falling sharply after announcing it would buy Baxalta and commodity shares tracking oil and metals prices lower. The London- listed group, which first approached the U.S. firm with an all-stock offer in July, won over the maker of treatments for rare blood...

  • ATTORNEY SAYS' INSUFFICIENT EVIDENCE' TO PROVE CRIME IN CLOSING OF NEW YORK CORRUPTION PANEL.

  • ATTORNEY PREET BHARARA SAYS CONCLUSION FOLLOWS PROBE OF MORELAND COMMISSION'S PREMATURE CLOSING.

  • Jan 11- Canadian gold miner Rubicon Minerals Corp cut the gold reserve estimate for its Phoenix mine in Ontario by 86 percent and said it was evaluating strategic options including a sale, sending its shares down 60 percent. "Not only is this a huge negative development for RMX, but is it also a huge black-eye for the industry," Mackie Research Capital analysts wrote...

  • Jan 11- Land and Buildings Investment Management LLC on Monday asked NorthStar Asset Management Group Inc to extend the deadline to nominate directors by three months, after the asset management company said it was exploring strategic options. NorthStar earlier on Monday said it had retained Goldman Sachs& Co as its financial adviser to evaluate strategic...

  • IHS, which provides information and analytics to customers from airspace and shipping to government security, will pay $650 million for U.S.-based Oil Price Information Service to add real-time pricing information to its energy analytics business. In November 2015, another pricing agency, London- based Argus Media, the second largest of the PRAs after...

  • *China's oil demand slowing after years of record growth. On Monday, China's blue-chip stocks fell by another 5 percent and overnight interest rates for the yuan outside of China soared to nearly 40 percent, their highest since the launch of the offshore market. While China's ructions are spooking traders over the outlook for demand from the world's No. 2...

  • McKesson's shares fell about 10 percent to $164.23. The forecast implies a mid-point of about $13.40 per share, which fell short of Wall Street estimates, analysts from Evercore ISI and Baird Equity Research said. The company forecast 2016 adjusted earnings of $12.60 to $12.90 per share, compared with its previous forecast of $12.50 to $13.00 per share.

  • BENGHAZI, Jan 11- Libya's National Oil Corporation has emptied oil storage tanks at the Ras Lanuf terminal as a precaution after Islamic State militants attacked the country's two biggest oil ports last week, an official from the company said on Monday. "We have taken all the oil stored in the tanks there to a safer location," Mohamed al-Manfi, an official at the...

  • *China stocks tumble 5 pct. NEW YORK, Jan 11- Global stock indexes fell on Monday, continuing a brutal start to 2016, as China's market tumbled again and the decline in oil prices worsened. Fears over China's economy contributed to last week's declines, and the main Shanghai stock indexes each ended down more than 5 percent on Monday.

  • LONDON, Jan 11- The unwinding of China's foreign exchange reserves could soon extend beyond U.S. China increased its U.S. corporate bond investments by $44 billion last year to $415 billion, BAML strategists estimated, adding that it won't be long before investors turn their attention to other assets Beijing could potentially sell. Rajan and his colleagues...

  • Jan 11- Wall Street gave up early gains and were lower late on Monday morning, dragged down by health stocks and as crude prices slid further ahead of the start of the corporate earnings season. U.S. crude fell to $31.93, its lowest since 2003.. U.S. stocks had opened higher, coming off their worst-ever start to a year on mounting investor concerns about declining oil...

  • *Zurich to name Greco as CEO by early February- report. Speculation that Greco, who ran the Swiss group's insurance business for five years before joining Generali in August 2012, could return to Zurich has been bubbling for a month. Zurich is seeking to hire a new CEO from among external candidates after Martin Senn quit the Swiss group on Dec. 1 following a failed...

  • BUENOS AIRES, Jan 11- Argentina does not expect to make an offer to U.S. hedge funds suing over unpaid debt when negotiations resume in New York on Wednesday, the daily La Nacion quoted the country's cabinet chief as saying. The funds, led by billionaire Paul Singer's Elliott Management, are suing Argentina for full repayment of debt the country defaulted on in 2002.

  • SUPREME COURT JUSTICES VOICE SKEPTICISM OVER PUBLIC-SECTOR UNION FEES THAT REQUIRE NON-MEMBERS TO FUND COLLECTIVE BARGAINING.

  • LONDON, Jan 11- Six bankers were formally charged in a British court on Monday with conspiring to manipulate Euribor benchmark interest rates, while another five accused in the case did not appear for the hearing. The case involving 11 former Deutsche Bank, Barclays and Societe Generale employees is Britain's fourth prosecution of rate-fixing allegations...

  • NEW YORK, Jan 11- Global oil prices plummeted to 12- year lows on Monday, with U.S. crude futures falling to the lowest since late 2003, as traders cited fears over slowing demand in China and a growing inventory glut. The move was exacerbated by U.S. stocks turning negative late morning, with the S&P 500 down nearly 0.4 percent and Nasdaq down 0.6 percent.

  • NEW REPUBLIC FOR SALE, ACCORDING TO LETTER FROM PUBLISHER CHRIS HUGHES.

  • ALONG WITH FUEL-CELL CAR, HONDA TO FOCUS ON PLUG IN AND EV TO MEET TOUGH FUEL ECONOMY REQUIREMENTS IN THE U.S.- CEO.