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  • Judge: WMT must let NYC church challenge gun sales Friday, 28 Nov 2014 | 2:06 PM ET
    Residents shop at Walmart as the store prepares for Black Friday in Los Angeles, Calif., November 24, 2014.

    A federal judge ordered Wal-Mart Stores to let shareholders vote on a proposal to force tighter oversight of its sale of high-capacity guns.

  • NEW YORK/ LONDON, Nov 28- Gold fell over 2 percent on Friday, extending a three-day slide to a two-week low, and silver dropped the most since September 2013 on free-falling oil prices and a strong dollar. Spot gold was down 1.9 percent at $1,168.56 an ounce by 1:28 p.m. EDT, after hitting a low of $1,165.04. U.S. gold futures for December delivery closed down $21.40 an...

  • BRASILIA, Nov 27- Incoming finance minister Joaquim Levy faces tough hurdles, including resistance from within the ruling party, as he sets out to restore order to Brazil's messy public accounts, regain investor confidence and get a stagnant economy moving again. Levy's biggest challenge will be to convince skeptical investors that Brazil has a viable plan to...

  • *Oil falls to 2010 low, Exxon Mobil tumbles. *Retailers higher, Wal-Mart boosts Dow. "Crude seems to have no floor right now, and we could easily see the price drop into the low $60 s," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware.

  • NEW YORK, Nov 28- Crude oil tumbled on Friday, knocking down both energy-related shares and currencies after OPEC's decision a day earlier not to cut output reinforced prospects of a worldwide oil supply glut. A rout in U.S. and European energy shares weighed on equity markets but other sectors edged higher, lifting Wall Street's Dow industrials and the Nasdaq,...

  • BOGOTA, Nov 28- Colombia's central bank held the benchmark interest rate steady as expected on Friday, as inflation remains on target and policymakers worry about the economic impact of a drop in global oil prices. Oil is the biggest source of foreign exchange for Colombia, the fourth-largest oil producer in Latin America. Although the bank forecasts economic...

  • NEW YORK, Nov 28- Activity in the options on the Energy Select Sector SPDR Exchange-Traded Fund exploded on Friday as traders who had bet on a drop in the ETF scrambled to book hefty profits a day after OPEC decided not to cut oil output. The energy ETF, which has shed about a fifth of its value over the last three months, was down 6 percent at $79.82 on Friday, reacting to...

  • NEW YORK, Nov 28- U.S. stocks ended a holiday-shortened session mostly flat on Friday as a massive decline in the energy sector offset strength in consumer names. The Dow Jones industrial average rose 2.28 points, or 0.01 percent, to 17,830.03, the S&P 500 lost 4.98 points, or 0.24 percent, to 2,067.85 and the Nasdaq Composite added 4.31 points, or 0.09 percent, to...

  • SANTIAGO, Nov 28- Chilean wine producer Concha y Toro reported a 15 percent rise in core earnings in the third quarter, boosted by a favorable exchange rate and higher sales prices, the company reported on Friday. Concha y Toro, one of the world's biggest wine producers and the company behind the' Casillero del Diablo' brand, reported earnings before income, tax,...

  • SPOT GOLD DROPS 2 PCT TO SESSION LOW AT $1,167.41/ OZ, EXTENDING ROUT ON LONG LIQUIDATION.

  • Oil prices extend losses on bearish sentiment Friday, 28 Nov 2014 | 12:50 PM ET

    Nov 28- Crude oil prices tumbled further in Friday afternoon trade, with U.S. crude down $6 a barrel to below $68 and benchmark Brent off $1 at under $72, as bearish sentiment pushed the market lower. "There are no really new headlines moving the market, just people reacting I think to all sorts of headlines that the norm oil for oil is below $60," said Tariq Zahir, managing...

  • Wal-Mart Stores Inc, Target Corp, Best Buy Co Inc and Lowe's Cos Inc and other merchants are combining in-store pickup with lower online prices to draw shoppers to their stores. "Most retailers are still trying to figure out where is the right place to position this additional inventory... a lot of them aren't quite prepared," said Michael DuVall, a supply chain...

  • LONDON, Nov 28- European shares posted their second consecutive weekly gain after a late recovery on Friday, as heavy falls in energy stocks, hit by a slump in oil prices, were offset by gains in airlines and consumer companies. Oil companies such as Statoil and Galp Energia and explorer Premier Oil fell by between 5.8 percent and 13.4 percent, after Brent slipped...

  • ANKARA/ MOSCOW, Nov 28- Russian President Vladimir Putin's visit to Turkey on Monday will have trade and energy issues at its heart, but is not expected to bridge deep differences over Syria and Crimea. The two issues have tested a relationship usually kept on track by mutual economic advantage: Russia is Turkey's main energy supplier, and Ankara is Moscow's...

  • LONDON, Nov 28- Private equity funds KKR and Apax are looking to revive plans to snap up EE if Britain's largest mobile operator misses out on a deal with BT Group, sources familiar with the situation said. Other investors such as CVC Capital Partners, which was also in talks to buy EE in 2013, no longer wants to enter the race for the mobile firm, one of the sources said.

  • *Soybeans turn lower as soymeal drops below $400 a ton. CHICAGO, Nov 28- U.S. wheat futures climbed to their highest in nearly five months on Friday, supported by news that Russia, a major global wheat supplier, was tightening its grain export rules, traders said. Wheat opened lower but quickly rallied on concerns about supplies from Russia, which the U.S. Department of...

  • *U.S. crude weakest since May 2010, may test 5- year low below $60. Traders said if WTI takes out the May 2010 low of $64.24, it could technically be headed for a test below $60, toward the low of $58.32 set on July 2009. "There's a notion that yesterday's selling was overdone, but not everyone is fully back to work yet after Thanksgiving," said John Kilduff, partner at energy...

  • *OPEC decision not to cut output weighs on Nigeria unit. LAGOS, Nov 28- Nigeria's naira fell 2.5 percent on Friday, despite central bank intervention, and it briefly touched a record low on concerns OPEC's decision not to cut oil output would put further pressure on Nigeria's shaky finances. The central bank has struggled to keep the naira within its preferred band...

  • NEW YORK, Nov 28- The dollar gained on Friday as low oil prices added to disinflation fears in the euro zone and Japan, while investors also looked ahead to a heavy week of central bank meetings and the U.S. monthly employment report. That helped the U.S. dollar stand out, "said Martin Schwerdtfeger, a foreign exchange strategist at TD Securities in Toronto.

  • European shares close flat after late recovery Friday, 28 Nov 2014 | 11:42 AM ET

    Oil companies such as Statoil, Galp Energia and explorer Premier Oil fell by between 5.4 percent and 14.7 percent after Brent slipped below $72 following OPEC's decision on Thursday not to cut output, a move investors said would leave oil markets heavily oversupplied. The tobacco sector was boosted by mergers and acquisitions speculation after Bloomberg...