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  • Jan 6- Drugmaker Valeant Pharmaceuticals International Inc on Wednesday named Howard Schiller as interim chief executive officer to replace Michael Pearson, who has been on medical leave due to pneumonia. Before Valeant, he worked in investment banking at Goldman Sachs for 24 years. Valeant shares were down 3 percent at $97.19 in premarket New York trading.

  • BUENOS AIRES, Jan 6- Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt. The central bank also is talking with investment banks about a financing deal of up to $7...

  • LONDON, Jan 6- European equities slipped to a three-week low on Wednesday, hit by weakness in the commodity sector as concerns over the Chinese economy resurfaced after it allowed the yuan to weaken further and poor services sector data was reported. Shares in Anglo American, BHP Billiton, Glencore and Rio Tinto fell 5.6 to 7.4 percent. A survey showed that China's...

  • Jan 6- Chipotle Mexican Grill Inc said it was served with a subpoena from a federal court in relation to a criminal investigation into a norovirus incident that occurred at its restaurant in Simi Valley, California in August.

  • NEW YORK, Jan 6- If you boiled down television to its purest essence, you might end up with a game-show host. People like Alex Trebek of "Jeopardy!" "I was a doorman at the Egyptian Theatre in Hollywood, and I used to open the door for celebrities like Red Skelton and Cary Grant.

  • NEW YORK, Jan 6- U.S. private employers added the most new workers in a year in December, well above economists' expectations and an indication that the pace of hiring remains solid despite some signals of slowing economic growth, a report by a payrolls processor showed on Wednesday. U.S. companies added 257,000 jobs in December, the ADP National Employment Report...

  • Jan 6- Wall Street was set to open sharply lower on Wednesday as investors looked for safe havens after China allowed its currency to weaken further and oil prices fell to their lowest in more than 11 years. Investors were also nervous about rising geopolitical tensions after North Korea said it had successfully tested a hydrogen bomb and Saudi Arabia cut ties...

  • LONDON, Jan 6- Oil prices slid more than 4 percent to new 11- year lows on Wednesday as the row between Saudi Arabia and Iran made any cooperation between major exporters to cut output even more unlikely. The furore over Saudi Arabia's execution of a Shi'ite cleric has stripped nearly 8 percent off the price of oil in the last three trading days, killing speculation...

  • SHANGHAI/ HONG KONG, Jan 6- Chinese brokerage Changjiang Securities Co Ltd said on Wednesday it had removed Chairman Yang Zezhu from his post, following the launch of an investigation by the Communist Party's anti-corruption agency for possible "disciplinary violations." In an exchange filing Changjiang Securities said it had received on Tuesday a notice...

  • OTTAWA, Jan 6- Canada's exports grew for the first time in four months in November, helping cut the trade deficit to C $1.99 billion from C $2.49 billion in October, Statistics Canada said on Wednesday. Exports to the United States, which accounted for 75.2 percent of Canada's global total in November, rose by 1.3 percent while imports slipped by 0.1 percent.

  • Valeant appoints Howard Schiller interim CEO

    Jan 6- Canadian drugmaker Valeant Pharmaceuticals International Inc appointed Howard Schiller its interim chief executive, effective immediately. Schiller has stepped in for Michael Pearson, who remains hospitalized with a severe bout of pneumonia, Valeant said on Wednesday. Schiller was previously Valeant's chief financial officer from December 2011...

  • WASHINGTON, Jan 6- The U.S. trade deficit narrowed in November likely as efforts by businesses to reduce an inventory overhang pushed imports of goods to their lowest level in nearly five years, outpacing a drop in exports. The Commerce Department said on Wednesday the trade gap fell 5.0 percent to $42.4 billion. October's trade deficit was revised up to $44.6...

  • Jan 6- Monsanto Co, the world's largest seed company, said it expects 2016 earnings to be in the lower half of its previous forecast but reported a smaller-than-expected quarterly loss as soybean sales rose in Brazil. Monsanto has come under renewed pressure to pursue a merger with Swiss agrochemical maker Syngenta after the ongoing merger between DuPont and...

  • NEW YORK, Jan 6- U.S. private employers added 257,000 jobs in December, well above economists' expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 192,000 jobs, with estimates ranging from 150,000 to 230,000. The increase was the largest since...

  • Jan 6- ChemoCentryx Inc said its lead drug was found as effective as standard-of-care high-dose steroids to treat a rare autoimmune disease that causes inflammation of the blood vessels. ChemoCentryx said it is developing CCX168 to assess whether the drug can help reduce or replace the use of steroids in the treatment of Anti-neutrophil cytoplasmic...

  • LONDON, Jan 6- Growing signs of weakness in the U.S. economy are helping keep oil prices under pressure even as tensions escalate across North Africa and the Middle East. U.S. manufacturers reported business activity contracted for the second month running in December, according to the Institute of Supply Management. The ISM's composite manufacturing index...

  • Jan 6- T-Mobile US Inc added more postpaid subscribers in 2015 than it had projected as its lower-priced plans helped attract monthly users away from competitors. For the year ended Dec. 31, T-Mobile on a net basis added 4.5 million branded postpaid customers, beating its forecast of 3.8-4.2 million. The No. 3 U.S. wireless carrier said it added 2.1 million...

  • Jan 6- The euro zone economy finished 2015 on solid footing, with business growth in Germany and Italy accelerating to multi-year highs, although inflation pressures remained weak despite months of lavish European Central Bank stimulus. Survey compiler Markit said a rise in the composite PMI to 54.3-- compared with a flash estimate of 54.0 and November's...

  • Settlement reached in artist's 'Angry Birds' suit

    A Seattle artist has settled her lawsuit against pet products maker Hartz Mountain in which she claimed she was cheated out of millions of dollars.