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  • Nov 17- SunEdison Inc and unit TerraForm Power Inc said they would buy wind power developer and operator First Wind for $2.4 billion. The companies said the deal comprises $1.9 billion in upfront payment and $510 million earn-out. TerraForm was created by SunEdison to own and operate its solar power plants.

  • Nov 17- Starbucks Corp said on Monday it has been wrongly accused in online petitions of supporting a Grocery Manufacturers Association lawsuit to block Vermont's GMO labeling law. Petitions posted to websites such as Sumofus.org and Care2.com accused Starbucks of teaming with fellow GMA member Monsanto Co to kill GMO labeling in Vermont, which in May...

  • BUENOS AIRES, Nov 17- Argentina, which faces an acute hard currency shortage, sought to toughen international trade controls on Monday by creating a new agency to keep track of imports and exports and said it would keep tightening currency restrictions. President Cristina Fernandez began restricting access to dollars through legal channels in 2011, forcing...

  • LONDON, Nov 17- London's benchmark foreign exchange "fixings" will move to a five-minute calculation window, from one minute currently, as of 2200 GMT on Sunday, Dec. 14, the WM Company said in a memo sent to banks on Monday. The move by WM, a unit of State Street Corp, follows the levying of the first fines on banks in a row over alleged manipulation of foreign exchange...

  • The evolution of insect resistance "is a great threat" long- term to the sustainability of the GMO crop biotechnology that has become a highly valued tool for many U.S. farmers, according to Fangneng Huang, an entomologist at Louisiana State University and lead researcher for a three-year study. The research documents resistance by fall armyworms in the...

  • TORONTO, Nov 17- The Canadian province of Ontario trimmed its economic growth forecasts for the next three years on Monday but left its deficit targets unchanged and said its budget will be balanced by 2017-18.. In his fall fiscal update, Finance Minister Charles Sousa projected a deficit of C $12.5 billion in fiscal 2014-15, ending March 31, unchanged from the...

  • *Baker Hughes rallies, Halliburton tumbles after deal. Shares of Baker Hughes, up 8.9 percent, and Allergan, up 5.3 percent, gave the S&P 500 its biggest boost after Halliburton said it would buy Baker Hughes and Allergan agreed to be bought by Actavis. "It shows the strength of the overall market that you could have this recession news out of Japan, and yet have the...

  • WASHINGTON, Nov 17- A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it had to draw taxpayer funds for the first time. The Obama administration on Monday released an audit of the Federal Housing Administration that...

  • CHICAGO, Nov 17- An experimental heart failure medicine from Novartis that previously showed it reduced death and hospitalizations also curtailed worsening of symptoms, need for additional therapy and emergency room visits, adding to evidence that it will become the drug of choice once approved. The Novartis drug, expected to become a multibillion-dollar...

  • ATLANTA, Nov 17- United Parcel Service Inc's chief executive officer said on Monday the company's closer collaboration with major retailers should bring a smooth holiday season, but he said UPS would charge customers more or even refuse packages if last-minute sales by a major customer threaten the company's system. FedEx Corp, the main rival of UPS, is also...

  • NEW YORK, Nov 17- Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday. Apple's current market cap stands at about $670 billion, according to Thomson Reuters data. "Apple is one of the best companies I would say of the last...

  • WASHINGTON, Nov 17- Halliburton Co will have a tough time convincing U.S. regulators to approve its $35 billion deal to buy smaller rival Baker Hughes Inc but could prevail with the right divestitures, antitrust experts said Monday. Halliburton and Baker Hughes, which have already reached out to the U.S. Department of Justice, will argue that the government...

  • WASHINGTON, Nov 17- A top U.S. safety regulator will join auto industry executives on Thursday to testify at a Senate hearing that will investigate defective automobile air bags linked to deaths and severe injuries, a Senate aide said on Monday. National Highway Traffic Safety Administration Deputy Administrator David Freidman will attend the Senate...

  • TORONTO, Nov 17- JPMorgan Chase& Co said on Monday it notified Sears Canada Inc that it plans to terminate their credit card agreement, in another setback for the retailer. In the event of a sale, JPMorgan would pay Sears Canada up to C $174 million under certain circumstances. Sears Canada and JPMorgan said the bank will service the credit card business until at...

  • *Deals come as China, Australia sign landmark FTA. BEIJING, Nov 17- China is giving Australia more access to its capital markets and allowing it to clear yuan trades, measures that would boost Beijing's efforts to free Chinese financial markets and promote global usage of its renminbi currency. The agreements, which were announced by the Chinese central bank,...

  • NEW YORK, Nov 17- The S&P 500 edged up to close at a record on Monday as deal activity worth $100 billion offset concerns about overseas growth after Japan's economy slipped into recession. The Dow Jones industrial average rose 12.62 points, or 0.07 percent, to 17,647.36, the S&P 500 gained 1.41 points, or 0.07 percent, to 2,041.23 and the Nasdaq Composite dropped...

  • BEIJING, Nov 18- China's big internet-TV companies are spending hundreds of millions of dollars on foreign TV shows and films in a battle to attract users and advertisers, but risk bumping up against regulators protecting the domestic TV and film industry. In less than two years, Sohu.com Inc, Youku Tudou Inc, backed by Alibaba Group Holdings Ltd, and Baidu Inc have...

  • BEIJING/ SHANGHAI, Nov 18- Credit risk analysts have become hot property in China this year, reflecting both the growing opportunities and hazards in the country's rapidly evolving financial markets. The economy faces a massive overhang of debt built up during a government-sanctioned credit binge to steer China out of the 2008/ 09 global financial crisis.

  • MUMBAI, Nov 18- The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online. Private investors have poured $2.3 billion into India's e-commerce companies so far this year, according to consulting firm Technopak,...

  • TOKYO, Nov 18- As Takata Corp comes under scrutiny for air bag defects, bankers are weighing up the potential fallout for the Japanese family behind the 81- year-old company, and the third-generation CEO who controls it. As one reference for what Takata may face, Toyota Motor paid at least $2.6 billion over a U.S. recall crisis four years ago linked to four deaths, all...