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  • In the penalties announced on Wednesday, Basel- based Bank J. Safra Sarasin AG, will pay $85.8 million, the largest share of the total. The sum also includes $78.5 million from Coutts& Co Ltd in Zurich, $11.5 million from Gonet& Cie in Geneva and $2.3 million from Banque Cantonal du Valais in Canton of Valais, Switzerland, the Justice Department said.

  • WASHINGTON, Dec 23- A Juniper Networks Inc software coding vulnerability disclosed last week shows the dangers of any weaknesses built into encryption technology, according to computer security experts. Democratic presidential frontrunner Hillary Clinton on Saturday called for greater collaboration between Silicon Valley and government...

  • Dec 23- SolarCity Corp said on Wednesday it will immediately cease solar sales and installations in Nevada, a day after the state's utilities commission approved changes that would reduce credits customers receive to sell solar power back to the grid. SolarCity, which is backed by Tesla Motors Inc's CEO Elon Musk, said will fight the "flawed decision".

  • BOSTON, Dec 23- In the months before the blowup of Third Avenue's junk bond fund in early December, investors and financial advisors called the New York- based investment company to voice their concerns about the growing percentage of hard-to-trade, illiquid assets in the fund's portfolio. "I would call up and they would say,' We're under control, we have plenty of...

  • NEW YORK, Dec 23- Wall Street rallied in pre-holiday trading on Wednesday, helped by surging energy shares as an unexpected drop in crude oil inventories lifted beaten-down oil prices. Benchmark Brent crude rose 3.6 percent to $37.41 a barrel, while U.S. crude prices settled up 3.8 percent at $37.50 a barrel, although trading was thin. "It seems in the very short term...

  • NEW YORK, Dec 23- Savers who put their cash in U.S. money market funds are getting better returns since the Federal Reserve's first interest rate increase in nearly a decade last week. Interest rates on taxable U.S. money market funds averaged 0.05 percent in the week ended Dec. 22, the highest since October 2009, the Money Fund Report said on Wednesday.

  • Bonan Huang, the former employee, agreed to pay a total of more than $4.7 million in penalties and other payments without admitting or denying the allegations, the securities regulator said. The SEC in January filed a lawsuit in the federal court in Philadelphia against Bonan Huang and another Capital One employee, Nan Huang, saying the analysts used non-public...

  • Dec 23- Kalobios Pharmaceuticals Inc said on Wednesday it had been notified by Nasdaq that it will delist the stock using its "discretionary" authority. The drugmaker last week said it had fired Martin Shkreli as its chief executive on Dec. 17, the day he was arrested on charges of a securities fraud. Shkreli, who has become the poster child for the issue of soaring...

  • *BNP considers "strategic alternatives" for First Hawaiian Bank. PARIS, Dec 23- BNP Paribas said on Wednesday it is considering "strategic alternatives" for its U.S. unit First Hawaiian Bank which could help France's biggest listed bank reach regulatory capital requirements by mid-2017. However, BNP Paribas added it is contemplating "strategic alternatives"...

  • NEW YORK, Dec 23- Wall Street rallied for the third straight session on Wednesday, propelled by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.

  • MOSCOW, Dec 24- Russian Energy Minister Alexander Novak said the United States' decision to lift a ban on oil exports should not affect the global oil market. The U.S. Congress voted earlier this month to repeal the 40- year-old ban on exporting U.S. crude oil. Congress, concerned about U.S. dependence on imported oil, imposed the crude oil export ban after the Arab oil...

  • BEIJING, Dec 23- The Chinese government is in advanced talks with the United States on repatriating five of China's most wanted corruption suspects and will hand over whatever evidence is needed by its U.S. counterparts, Chinese state media said on Wednesday. In April, China published a list of 100 of its most wanted corruption suspects who have been targeted...

  • NEW YORK, Dec 23- U.S. Yields on 30- year government debt reached a one-week high of 3.015 percent, while yields on Treasuries maturing between 5 and 10 years hit nearly one-week highs after Commerce Department data showed U.S. personal income rose 0.3 percent last month to mark an eighth straight month of solid wage gains. "The data supports the view that the...

  • WASHINGTON, Dec 23- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Wednesday said it ordered 20 additional RD-180 rocket engines from Russia, on top of 29 engines still being delivered. The company said it ordered the Russian engines to use on its Atlas 5 rockets and serve existing and potential civil and commercial launch...

  • Dec 23- Freeport-McMoRan Inc, the U.S. miner that was targeted by activist investor Carl Icahn earlier this year, is planning to run an auction process for its oil and gas assets in early 2016, according to people familiar with the matter. Phoenix, Arizona- based Freeport-McMoRan's board has retained investment bank Lazard Ltd to advise on possible sale of the...

  • PARIS, Dec 23- France's BNP Paribas said its fourth-quarter results would be impacted by the impairment of goodwill for its Italian unit BNL and planned to reach regulatory capital requirements by mid-2017 thanks to a review of part of its U.S. operations. BNP Paribas said following Supervisory Review and Evaluation Process the European Central Bank...

  • *Wall Street gains help snap greenback's 3- day decline. Analysts said gains in Wall Street stock prices also underpinned support for the greenback, which snapped its three-session losing streak. Treasuries yields is providing some support for the dollar, "said Eric Viloria, currency strategist at Wells Fargo Securities in New York.

  • NEW YORK, Dec 23- U.S. and European stocks pushed higher in pre-holiday trading on Wednesday, helped by energy shares as an unexpected drop in crude inventories lifted beaten-down oil prices. Benchmark Brent crude rose 3.6 percent to $37.41 a barrel, while U.S. crude prices settled up 3.8 percent to $37.50 a barrel, although trading was thin. "As has weakened and...

  • LONDON, Dec 23- 2016 could prove to be the year that the price of bitcoin surges again. In return, the first to solve the puzzle and thereby clear the transactions is currently rewarded with 25 new bitcoins, worth around $11,000. But when it was invented in 2008 by the mysterious " Satoshi Nakamoto," who has yet to be identified, the bitcoin program was designed so that the...

  • WASHINGTON, Dec 23- Staples Inc accused federal regulators of applying antitrust laws in a "misguided" way to try to block its $6.3 billion merger with smaller office supply retailer Office Depot Inc.. The FTC argued in a Dec. 7 lawsuit that Staples, if it bought Office Depot, would have 70 percent of the market for office supplies purchased by large national...