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  • In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Some "short covering was expected and the rig count number sparked the...

  • WASHINGTON, Jan 30- Pomegranate juice maker POM Wonderful cannot advertise that its pomegranate drinks treat or prevent heart disease or other ailments unless it has proof, a U.S. appeals court said Friday, upholding an order by the Federal Trade Commission. The U.S. Court of Appeals for the D.C. Circuit largely upheld a 2010 order by the Federal Trade Commission,...

  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. The move echoed similar steps earlier this week by Royal Dutch Shell, Hess Corp, ConocoPhillips and others to conserve cash in an environment where the...

  • BOSTON, Jan 30- Topface, one of the world's largest dating websites, said it has paid a hacker an undisclosed sum to stop trying to sell about 20 million email addresses stolen from the Russian company. Topface Chief Executive Dmitry Filatov said the company located the hacker, who had published ads to sell the data but had not actually sold them.

  • UPDATE 2-Mexico cuts spending, shelves rail project Friday, 30 Jan 2015 | 1:55 PM ET

    MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global oil prices hurt public finances and announced austerity measures that included shelving a tainted $3.75 billion high-speed train tender. A slump in oil prices has battered Mexico's peso, which blew past the 15- per dollar level on Friday for the first...

  • *Wheat falls below $5 for first time in three months. *Wheat down 15 pct in Jan, biggest fall since Sept 2011. Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October.

  • Jan 30- AbbVie Inc's chief executive said on Friday the company's new oral hepatitis C treatment Viekira Pak has the potential to capture a "meaningful share" of the U.S. market, where it is competing against Gilead Sciences. AbbVie CEO Richard Gonzalez told investors the company expects an annualized sales run rate of more than $3 billion by the end of 2015, which...

  • SAN FRANCISCO, Jan 30- Sharp gains in the U.S. dollar that have spurred grumbling from some big U.S. companies about the impact on profits are actually a positive sign for U.S. job creation, a top Federal Reserve official said on Friday. "CEOs that have international operations complain about it," Dallas Fed President Richard Fisher told Reuters in an interview.

  • WASHINGTON, Jan 30- An unexpected move by Russia's central bank to cut its main interest rate shows continued chaos in the country's economy, some of it due to Western sanctions related to the Ukraine crisis, a White House spokesman said Friday. "There are specific and clear economic costs associated with President Putin's expedition into eastern Ukraine,"...

  • "It's just a little disheartening to see the U.S. didn't have such a great quarter and it puts a little bit of fear in the minds of the people," said Joseph Benanti, managing director for sales and trading at Rosenblatt Securities in New York. Adding to concerns, Greece's finance minister said the government would not cooperate with the European Union and...

  • Wilmington, Del., Jan 30- A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The online family research company was sold to European private equity firm Permira Advisors in 2012. The private equity firm paid 40...

  • NEW YORK, Jan 30- A former information technology employee at the defunct digital currency exchange Liberty Reserve was sentenced on Friday to three years in a U.S. prison for his role in concealing what authorities described as a massive money laundering business for criminals worldwide. District Judge Denise Cote in New York on Friday.

  • European shares enjoy best month in over 3 years Friday, 30 Jan 2015 | 12:48 PM ET

    *'Europe on verge of upgrade cycle'- Morgan Stanley. PARIS, Jan 30- European stocks dipped on Friday but posted their best monthly performance in over three years, lifted by hopes the European Central Bank's quantitative easing programme will revive the region's economic growth and corporate earnings will bounce. "After four years of persistent growth...

  • BERLIN, Jan 30- Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms. The report in Der Spiegel magazine that Germany estimated Greece's additional aid needs at about 20...

  • Honda cuts profit guidance as recall costs bite Friday, 30 Jan 2015 | 12:31 PM ET
    A sign is shown over the O'Hare Honda car dealership in Des Plaines, Ill.

    Honda cut its annual profit forecast as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags.

  • NEW YORK, Jan 30- Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. Energy company earnings are seen tumbling 25 percent in the fourth quarter, according to Thomson Reuters data, a bigger decline than the drop of 19.8 percent...

  • BERLIN, Jan 30- Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms. "That is not on the agenda at all," said a spokesman for Finance Minister Wolfgang Schaeuble.

  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. Chief Executive Officer John Watson said Chevron's dividend, currently $1.07 a quarter, remained the "highest priority" for the company's balance...

  • MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global oil prices hurt public finances and austerity measures that included shelving a tainted $3.75 billion high-speed train tender. Videgaray said the government was suspending a project to build a rail link between Mexico City and the central city of...

  • SAO PAULO, Jan 30- A court in Brazil's São Paulo state seized on Friday 8.9 percent of the shares that construction group OAS SA has in infrastructure company Investimentos e Participações em Infraestrutura SA, alleging that the debt-ridden group is in imminent risk of insolvency. Judge Roberto Corcioli Filho of the state of São Paulo Justice Court told...