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  • Jan 8- Goldman Sachs has diagnosed a new reason for the sudden slump in energy industry sentiment this week: talk of agility, not agony, among leading U.S. shale oil producers speaking at the Wall Street bank's closed-door conference. In a research note following its Jan. 5-7 Global Energy Conference in Miami, which was closed to the media, the analysts said that...

  • RIG-OL-USA- BHI> The remaining 516 rigs were the fewest since April 2010, according to the data, but few expect the slump to end there. "So long as the price for oil stays low, the rig count will continue to decline," said Arthur Gelber, founder and president of energy consulting and advisory firm Gelber and Associates in Houston. U.S. oil futures on Friday failed to draw...

  • Jan 8- Pfizer Inc, which plans a $160 billion merger with Ireland- based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent, according to statistics compiled by global information services company Wolters Kluwer. Pfizer confirmed a 9.4 percent increase for heavily advertised pain drug Lyrica,...

  • Carolyn Maloney of New York is working on legislation to address the near-absence of women from corporate boardrooms and hopes to introduce it in the U.S. Congress next month. The legislation would be modeled after policies in Canada and Australia, she added. Mary Jo White, head of the Securities and Exchange Commission, called in November for more gender parity...

  • NEW YORK, Jan 8- The benchmark S&P 500 U.S. stock index on Friday notched its worst five-day start to a year on record as fear of a slowdown in China offset a surprisingly strong payrolls report in the United States. Stocks had opened higher on Wall Street after data showed the economy created many more jobs than expected in December and previous months were revised...

  • US STOCKS-Wall St has worst start to year ever

    *December nonfarm payrolls 292,000 vs est 200,000. *Oil prices fall again, post heavy losses for week. Jan 8- U.S. stocks closed lower on Friday, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat U.S. job growth.

  • SandRidge Energy Inc, a once high-flying Oklahoma-based shale company backed by billionaire investors Leon Cooperman and Canada's Prem Watsa, was delisted by the New York Stock Exchange on Wednesday. The stock last traded on the NYSE for less than 20 cents a share. Oil is down 10 percent since Dec. 31 to $33 a barrel, falling away from the crucial $50 to $60 level...

  • Jan 8- Healthcare investors can expect a volatile week starting on Monday when the sector's biggest financial event hits San Francisco. "There are probably 15 to 20 high profile companies that will give some formal guidance" at the conference, said David Heupel, a healthcare analyst at Thrivent Investment Management in Minneapolis. Listening for answers at the...

  • NEW YORK, Jan 8- The S&P 500 and Dow industrials posted their worst 5- day start to a year on record on Friday on continued worries that a slowdown in China could damage the global economy, even as U.S. jobs growth was stronger than expected. For the day, the Dow Jones industrial average fell 167.65 points, or 1.02 percent, to 16,346.45, the S&P 500 lost 21.06 points, or 1.08...

  • Jan 8- Shopping from mobile devices jumped 59 percent during the U.S. holiday shopping season, data from analytics firm Comscore Inc showed, as consumers were lured by attractive deals and shipping options. Shoppers spent a total of $12.7 billion through smartphones and tablets beating Comscore's forecast of $11.7 billion, the company said.

  • Jan 8- New Jersey sued Advance Auto Parts Inc and Pep Boys- Manny, Moe& Jack, accusing the auto parts and services retailers of fraudulently overcharging customers in their stores, the state's acting attorney general said on Friday. New Jersey said that since April 2007, Advance Auto had violated a state "weights and measures" law intended to prevent overcharges at...

  • NEW YORK, Jan 8- U.S. Labor Department data showed U.S. nonfarm payrolls increased by a larger-than-expected 292,000 last month. "None of the additional labor market items, such as hours worked or average hourly earnings, rose along with payrolls," said Jim Vogel, interest rate strategist at FTN Financial in Memphis, Tennessee.

  • WASHINGTON, Jan 8- The U.S. House of Representatives' top tax writer wants a vote this year on legislation moving the United States to a territorial-style tax system aimed at exempting the earnings of American companies abroad from U.S. taxation. International tax reform should be tackled as the first step toward a bigger rewrite of the U.S. tax code that would...

  • BALTIMORE, Jan 8- The Federal Reserve must be careful about reacting to China's financial turmoil without seeing clear signs of danger for the U.S. economic outlook, a Fed policymaker said on Friday. Richmond Fed President Jeffrey Lacker said the Asian financial crisis of the late 1990 s, which helped prompt interest rate cuts by the U.S. central bank, was a "great...

  • *December nonfarm payrolls 292,000 vs est 200,000. Jan 8- U.S. stocks fell in choppy trading on Friday afternoon as sliding oil prices offset upbeat U.S. job growth data. Investors have been jittery as markets got off to their worst ever four-day start to a year, spooked by fears of a slowdown in China, and as economists slashed fourth-quarter U.S. growth estimates.

  • *ABN Amro cuts 2016 Brent and WTI forecasts by $10- $15. Since the selloff in oil began 18 months ago, traders and investors have wondered how long and deep the slide would go as prices fell from above $100 a barrel to below $40, and looked poised to break below $30 next. Goldman, which has said oil could hit $20, said in a note on Friday the market needs to see sustained low...

  • CHICAGO, Jan 8- Chipotle Mexican Grill, under scrutiny for months over outbreaks of foodborne illness linked to its restaurants across several U.S. states, was sued on Friday for allegedly misleading investors about its food safety controls. The burrito chain failed to disclose that its "quality controls were inadequate to safeguard consumer and employee...

  • BALTIMORE, Jan 8- The Federal Reserve must be careful about reacting to China's financial turmoil without seeing clear signs of danger for the U.S. economic outlook, a Fed policymaker said on Friday. Richmond Fed President Jeffrey Lacker said the Asian financial crisis of the late 1990 s, which helped prompt interest rate cuts by the U.S. central bank, was a "great...

  • Jan 8- Wall Street's top banks say the Fed is likely to raise rates by March, but subsequent rate increases will be slow, particularly if China devalues its currency at a rapid rate in 2016.. Of late, several Fed officials, including Vice Chair Stanley Fischer, have said they can still see a number of interest-rate increases by the end of the year.

  • CHICAGO, Jan 8- Chipotle Mexican Grill, under scrutiny for months over outbreaks of foodborne illness linked to its restaurants across several U.S. states, was sued on Friday for allegedly misleading investors about its food safety controls. The burrito chain failed to disclose that its "quality controls were inadequate to safeguard consumer and employee...