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WASHINGTON, Dec 7- At least seven companies from China, India, South Korea and South Africa continued to have investments in Iran's oil and gas sectors in 2012 even as Tehran came under international scrutiny for its nuclear ambitions, a U.S. government watchdog said on Friday.
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*Canada approves CNOOC bid for Nexen, Petronas Progress buy. NEW YORK/ OTTAWA, Dec 7- Canada approved China's biggest ever foreign takeover on Friday, the $15.1 billion bid from CNOOC Ltd for energy company Nexen Inc., but drew a line in the sand against future buys by state-owned enterprises.
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NEW YORK, Dec 7- Investors typically sell stocks to cut their losses at year end. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital gains, making tax-loss selling even more appealing than usual.
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*Detroit mayor does not rule out bankruptcy, emergency financial manager. DETROIT, Dec 7- Under pressure from Michigan's state government to turn around Detroit's finances, city officials said on Friday they will lay off hundreds of workers in addition to putting others on unpaid leave to stave off increased state oversight.
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SANTIAGO, Dec 7- Spain could miss its budget deficit target this year, Bank of Spain governor Luis Maria Linde said on Friday, just a week after the government announced it would hold pension payments flat to curb outlays. "The objective is 6.3 but it could be," Linde told Reuters on the sidelines of a seminar in Santiago, Chile. "
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Dec 7- Canadian Industry Minister Christian Paradis said on Friday China's CNOOC Ltd made commitments to Ottawa in its bid to buy Nexen Inc and Malaysia's Petronas did the same in its bid for Progress Energy Resources Corp..
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Dec 7- Canada announced new foreign investment guidelines on Friday to clarify the criteria the government will use in deciding whether to approve foreign takeover proposals, particularly those made by state-owned enterprises, or SOEs.
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*SEC warned Netflix it may face action over Facebook post. *Case may have less to do with number of Facebook followers. WASHINGTON, Dec 7- A U.S. regulatory probe of Netflix Inc over disclosures made on its chief executive's Facebook page could prove an important test of whether a rule designed to prevent leaks to analysts can translate to the social media age.
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*Deal puts Enersis cap hike share price at 173 pesos. SANTIAGO, Dec 7- Spanish energy firm Endesa said on Friday its Latin American power unit Enersis will issue shares to raise $5.963 billion, a figure that ends a dispute with pension funds and indicates Chile's largest capital hike should be approved.
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Dec 7- U.S. authorities are investigating Steven A. Cohen's SAC Capital Advisors hedge fund for alleged insider trading in the shares of the popular diet company Weight Watchers International Inc, according to people familiar with the matter.
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NEW YORK, Dec 7- Canadian vitamin maker Jamieson Laboratories is in talks to sell itself, three people familiar with the matter said on Friday, continuing a spate of deal-making in the nutrition industry.
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BOSTON, Dec 7- Hedge fund manager John Paulson told his clients on Friday evening that his funds experienced mixed returns in November with softer gold prices weighing on some portfolios.
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Dec 7- The U.S. Supreme Court agreed on Friday to decide whether brand-name drug companies may pay money to generic drug rivals to keep their lower-priced products off the market, a practice estimated to cost consumers and the government billions of dollars each year.
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*February- PetroChina agrees to buy a 20 percent stake in Royal Dutch Shell Plc's Groundbirch shale gas property in northeastern British Columbia for an undisclosed price.
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*US says Iran could test ICBM by 2015 with outside help. *Report for Congress says Iran may be falling behind goal. WASHINGTON, Dec 7- An internal report for the U.S. Congress has concluded that Iran probably is no longer on track, if it ever was, to having an ocean-crossing missile as soon as 2015..
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Dec 7- Canadian authorities approved the acquisition of Nexen Inc by China's CNOOC Ltd on Friday and the purchase of Progress Energy Resources by Malaysia's Petronas after months of anxiety over the fate of foreign investments in Canadian resources.
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TORONTO, Dec 7- Following is the full text of a statement on Friday by Industry Canada regarding investment by foreign state-owned enterprises in Canadian companies:. Canada has a broad framework in place to promote trade and investment, while at the same time advancing Canadian interests.
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*Rival Airbus could catch up to Boeing on jet designs. NEW YORK, Dec 7- Saying a strike now appears likely, the union representing Boeing Co's 23,000 engineers held picket-line training this week to prepare for a work stoppage that could disrupt billions of dollars worth of plane deliveries and help Airbus catch up to Boeing on jet designs.
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*SEC warned Netflix it may face action over Facebook post. *Case may have less to do with number of Facebook followers. WASHINGTON, Dec 7- A U.S. regulatory probe of Netflix Inc over disclosures made on its chief executive's Facebook page could prove an important test of whether a rule designed to prevent leaks to analysts can translate to the social media age.