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  • NEW YORK, Dec 23- Investors in U.S.-based mutual funds pulled $9.4 billion out of bond funds in the week ended Dec. 17 on profit-taking following gains in bonds this year, data from the Investment Company Institute showed on Tuesday. Funds that specialize in U.S. stocks posted $4.2 billion in outflows, while funds that mainly hold international shares posted $2.4...

  • NEW YORK, Dec 23- A plan by the U.S. Securities and Exchange Commission to widen the minimum trading increments of some small-cap stocks to test if that would spur more trading could end up harming mom-and-pop investors, retail brokerages said in letters to the regulator. The potential cost of the program to all investors could be up to $455 million dollars...

  • Dec 23- Germany's HeidelbergCement AG is negotiating to sell Hanson Building Products Ltd, a maker of concrete and clay building products, to private equity firm Lone Star Funds, according to people familiar with the matter. HeidelbergCement is weighing a sale to Lone Star as a way to shed the non-core unit more quickly than through an initial public offering,...

  • GT Advanced to sell its sapphire furnaces Tuesday, 23 Dec 2014 | 3:32 PM ET

    Dec 23- GT Advanced Technologies Inc said it is pursuing the sale of its sapphire furnaces and will pay former partner, Apple Inc, a portion of the cash it gets from the sale. The furnaces were installed to make sapphire glass for Apple, which loaned GT Advanced $439 million for the project. GT Advanced, which invested heavily into increasing production of sapphire...

  • NEW YORK, Dec 23- A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp.. The 2nd U.S. Circuit Court of Appeals in New York said Bank of New York Mellon did not have to face claims stemming...

  • New York Life will also assume 60 percent of certain life insurance policies of Manulife's U.S. unit, John Hancock Financial, on a reinsurance basis, the Canadian company said. The combined business will have 2.5 million plan participants, Manulife said. Manulife and Britain's Standard Life agreed in September to a near- $4 billion deal for the Canadian...

  • Dec 23- DuPont and Monsanto Co have agreed to dismiss patent infringement lawsuits against each other over some seed development technologies. Monsanto had alleged that DuPont infringed some of its seed chipping patents, while DuPont had claimed that Monsanto infringed some patents related to seed processing. DuPont shares were up 1.6 percent at $75.30 in...

  • US 30- YEAR TREASURY BONDS EXTEND PRICE LOSSES TO TWO FULL POINTS, YIELDS RISE TO 2.848 PERCENT.

  • TREASURIES-Yields rise after tepid 5-year note auction Tuesday, 23 Dec 2014 | 2:49 PM ET

    *Treasury to sell $29 bln seven-year notes on Wed. NEW YORK, Dec 23- U.S. The Commerce Department revised its estimate of gross domestic product growth to a 5.0 percent annual pace from 3.9 percent.

  • Scientific evidence shows the move will not create risks for the nation's blood supply, the FDA said. The FDA said the move aligns the policy for gay men with that for other men and women who are at increased risk for HIV infection. The FDA said it will issue draft guidance on the policy, hopefully early in 2015. It would then review the comments and issue final...

  • BRENT CRUDE OIL FUTURES RISE $2 A BARREL IN POST SETTLEMENT TRADE.

  • LOS ANGELES/ WASHINGTON, Dec 23- Sony Pictures cleared the way on Tuesday for release of "The Interview" in some U.S. theaters on Christmas Day, less than a week after pulling the movie following a devastating cyberattack that has been blamed on North Korea. Sony Pictures Chief Executive Michael Lynton said there would be "a limited theatrical release" in the United...

  • Dec 23- Largest Canadian insurer Manulife Financial Corp's U.S. unit will buy New York Life Insurance Co's retirement services business for an undisclosed amount. New York Life will assume 60 percent of certain life insurance policies of Manulife's U.S. unit, John Hancock Financial, on a reinsurance basis, the Canadian company said. Manulife did not disclose...

  • Retailer Colleen Rast, who sells new brand-name apparel and vintage collectibles through eBay and Amazon, was hit with a $150 customs bill when a New Zealand boutique returned a shipment with a retail value of $1,000. Small firms accounted for more than half of eBay's U.S., British and German cross-border holiday transactions in 2013. This year, 27 percent of...

  • UPDATE 1-Dos Santos withdraws bid for Portugal Telecom Tuesday, 23 Dec 2014 | 1:57 PM ET

    LISBON, Dec 23- Angolan billionaire businesswoman Isabel dos Santos has dropped her 1.2 billion-euro bid for Portugal Telecom SGPS which threatened to block the sale of PT's former domestic business PT Portugal by Brazilian affiliate Oi to rival telecoms group Altice. Terra Peregrin launched the 1.35 euro a share offer last month seeking to block the sale of...

  • WASHINGTON, Dec 23- The U.S. economy grew at a 5.0 percent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. "Our economy is firing on most cylinders, whereas the global economy is essentially in dire need of a spark," said Ryan Sweet, a senior economist at Moody's Analytics in West...

  • Total state tax revenue rose 4.5 percent to $204.8 billion, up from $196 billion in the same quarter the previous year, according to the Census Bureau's quarterly report on state and local government tax revenues. Personal income tax grew 3.7 percent to $70.9 billion after shrinking 7.5 percent in the prior quarter. "The trends observed in the third quarter of...

  • WASHINGTON, Dec 23- The U.S. credit union regulator sued Wells Fargo& Co Tuesday, saying the bank failed to fulfill its duties as a trustee for certain residential mortgage-backed securities trusts that soured and brought down five credit unions. A Wells Fargo spokeswoman declined to comment on the lawsuit. Regulators said Wells Fargo, as trustee for those...

  • CHICAGO, Dec 23- U.S. farmland rents for 2015 are on track to be down 5 to 10 percent from the top fees of a year ago due to lower grain prices, but landowners remain stubborn about deeper cuts and some are adding clauses to boost revenue if grain prices bounce back. We are still seeing 5-10 percent down from the extreme tops in the really strong markets where cash rents...

  • NEW YORK, Dec 23- Patent risk management company RPX Corp said on Tuesday it would buy patents owned by Apple Inc and other firms for $900 million, helping to further scale back lawsuits over smartphone technology. The deal puts an end to litigation started last year by Rockstar against several handset manufacturers whose phones operate on Google Inc's Android...