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  • Feb 2- Casual clothing retailer Lands' End Inc said Chief Executive Edgar Huber would step down in two weeks and be succeeded by Federica Marchionni, the U.S. head of luxury goods retailer Dolce& Gabbana. Huber, who will leave on Feb. 17, has held the top job since August 2011 and led Lands' End spin off from struggling retailer Sears Holdings Corp last year.

  • NEW YORK, Feb 2- The U.S. dollar hit a more than two-week high against the Swiss franc on Monday on signs that the Swiss National Bank has intervened to weaken the franc, but moved lower against the euro and yen on disappointing U.S. economic data. "The SNB in general feels like the Swiss strength is extremely overdone, and based upon that view, it looks like they're...

  • Last month's return on Treasuries was the biggest since a 3.54 percent jump in December 2008, according to an index compiled by Bank of America Merrill Lynch. "We are giving back some of the gains from the short-covering rally last week," said Suvrat Prakash, interest rate strategist at HSBC Securities USA in New York. Apple Inc. planned to raise $5 billion in the...

  • JAKARTA, Feb 2- Indonesian air crash investigators said on Monday they had not so far found evidence that the pilot of an AirAsia jet had left his seat, or that power to an automated control system was shut off, shortly before the aircraft plunged into the sea. AirAsia flight QZ8501 vanished from radar screens on Dec. 28, less than half-way into a two-hour flight from...

  • WILMSLOW, England, Feb 2-' The branch is the bank' sounds like a slogan from before digital technology was seen as the future of banking. But that mantra has enabled Sweden's Handelsbanken to expand in Britain at an unprecedented rate since the financial crisis of 2007 to 2009.. Handelsbanken has drawn upon the practices it adopted in its home market in the 1970 s...

  • OPEC delegates cautious over oil-price rebound Monday, 2 Feb 2015 | 11:02 AM ET

    OPEC officials meeting on long-term strategy. Feb 2- Oil prices may stay depressed until summer due to weak seasonal demand even as Saudi Arabia's strategy of curbing the output growth of rival producers might have started achieving tangible results, OPEC delegates told Reuters. Delegates from the Organization of the Petroleum Exporting Countries and...

  • Feb 2- Ardelyx Inc said chronic kidney disease patients treated with its kidney drug experienced higher-than-expected levels of diarrhea in a mid-stage study. The drug, Tenapanor, being co-developed with AstraZeneca PLC, however, met the main goal of "significantly" reducing phosphate levels in patients who were on dialysis. Ardelyx licensed the drug to...

  • WASHINGTON, Feb 2- President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The president is scheduled to speak about the budget at 11:55 a.m. EST from the Department of Homeland...

  • *Finmin notes negative "echo" in Germany to ECB plan. This could boost support for the Eurosceptic party Alternative for Germany, which is poaching votes from Angela Merkel's conservatives. "The German government can only do what it's trying its best to do- namely to convince people that the economic integration of Europe with the common currency is in the best...

  • But the deep snowfall will slow the movement of grain and livestock early this week from Iowa eastward to Ohio as it will take a couple days for the Midwest to dig out, they added. The heaviest snows of 10 to 18 inches fell from central Iowa eastward to southern Wisconsin, northern Illinois, northern Indiana, southern Michigan and northern Ohio.

  • Feb 2- Lululemon Athletica Inc founder Chip Wilson, a sometimes controversial figure who helped build the Canadian yogawear retailer into an international success story, said on Monday he was resigning from the company's board. "I believe that now is the right time to step away," Wilson said in a statement. Shares in Lululemon fell 1.4 percent at $65.34 on the...

  • LONDON, Feb 2- Queen Elizabeth fears that Britain will be shocked by the different style of monarchy Prince Charles is planning, according to a new biography of her heir apparent. 'Charles: The Heart of a King' claims that the 66- year-old prince's passion for embracing sometimes unusual causes has prompted disquiet at Buckingham Palace, where Elizabeth, 88, is set...

  • OSLO, Feb 2- The West must be ready for a long standoff with Russia over Ukraine and not quickly resume normal ties as it did after the 2008 Georgian war, a top NATO official said on Monday. The war severely damaged relations between Moscow and the West, but drew no direct sanctions, and the European Union and NATO quickly went back to business as usual with Moscow.

  • US, BRENT OIL OFF EARLY HIGHS AFTER GENSCAPE ESTIMATE OF MORE THAN 2 MLN BARREL CRUDE BUILD IN CUSHING SINCE JAN 30.

  • Feb 2- Chinese video-on-demand provider You On Demand Holdings Inc said it would show Twentieth Century Fox movies in China after the two companies signed a licensing agreement. You on Demand's shares soared 44 percent at $2.95 in morning trading. Some of the movies that will be available to You On Demand's subscribers include A-Team starring Bradley Cooper...

  • WASHINGTON, Feb 2- U.S. construction spending rose less than expected in December, with private outlays barely rising amid declines in investment in power and transportation projects. Construction spending rose 0.4 percent to an annual rate of $982.1 billion, the Commerce Department said on Monday. November's construction outlays were revised up to show a...

  • Feb 2- The pace of growth in the U.S. manufacturing sector slowed in January more than expected, according to an industry report released on Monday. The Institute for Supply Management said its index of national factory activity fell to 53.5 from 55.1 the month before. The reading was shy of expectations of 54.5, according to a Reuters poll of economists.

  • HONG KONG, Feb 2- Jack Ma, chairman of Chinese e-commerce giant Alibaba Group Holding, said on Monday he hoped the company's financial affiliate would list in Asia at some point, but that no decision on the timing or location had been made. Alibaba spun out Alipay, seen as a corporate crown jewel, in 2011. Its executives, including Ma, maintain control.

  • MONROVIA, Feb 2- Liberia began a trial of experimental Ebola vaccines on Monday, involving thousands of volunteers as part of an effort to slow the spread of the deadly haemorrhagic fever and prevent future outbreaks. The epidemic has killed more than 8,800 people in West Africa since it began more than a year ago, overwhelming weak healthcare systems in Guinea,...

  • MONTREAL, Feb 2- Malaysia, which had two air disasters last year after one jet disappeared and another was shot down over Ukraine, said on Monday that real-time aircraft tracking must become a priority for the industry. While real-time tracking of commercial planes would have a financial impact, it is too vital to ignore, Malaysia said in a paper to the United...