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  • NEW YORK, Nov 12- Britain's pound fell to a 14- month low against the dollar on Wednesday as investors pushed back rate-increase expectations to late 2015 after the Bank of England forecast low inflation. Sterling slipped further below $1.60 and was last at $1.5782, off 0.85 percent, against the dollar. "Dovish inflation data has effectively overshadowed a...

  • BERLIN, Nov 12- Volkswagen AG's U.S. division said Wednesday it has agreed to steps that could allow for union representation at its plant in Chattanooga, Tennessee, where the United Auto Workers has unsuccessfully tried to organize workers. The Chattanooga plant is the only major factory in VW's global network of over 100 facilities that lacks representation...

  • WASHINGTON, Nov 12- Democratic Senator Mary Landrieu said she will propose debate later on Wednesday and a vote on Thursday to approve the controversial Keystone XL oil pipeline from Canada. Landrieu of Louisiana, who faces a runoff election in December to retain her seat, said on the Senate floor she was "confident" she has the votes to pass a bill on TransCanada's...

  • NEW YORK, Nov 12- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, on Wednesday lost a bid to remain out of prison while he appeals his insider trading conviction. The decision by the 2nd U.S. Circuit Court of Appeals in New York was a blow to Martoma's efforts to avoid commencing a nine-year prison...

  • Nov 12- Loblaw Cos Ltd, Canada's largest grocer, reported a better-than-expected quarterly profit as it benefits from the Shoppers Drug Mart acquisition, and said it was on track to achieve the targeted savings from the deal. Loblaw bought Shoppers Drug Mart last year to ward off rising competition as U.S.-based rivals such as Wal-Mart Stores Inc and Target...

  • LANDRIEU, FACING DECEMBER RUNOFF FOR SENATE SEAT, SAYS "CONFIDENT" SHE HAS VOTES TO PASS KEYSTONE XL PIPELINE BILL.

  • DEMOCRATIC SENATOR MARY LANDRIEU SAYS WILL PROPOSE DEBATE ON KEYSTONE PIPELINE APPROVAL WEDNESDAY, VOTE THURSDAY.

  • US STOCKS-Wall St near flat; banks, energy shares slip Wednesday, 12 Nov 2014 | 2:24 PM ET

    The banks, including UBS AG, HSBC Holdings Plc and Citigroup Inc, were fined $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 0.8 percent, while JPMorgan Chase, which is also facing a penalty, fell 1.5 percent and was among the biggest drags on the...

  • *Expects to raise $7 bln- $8.5 bln from asset sales by mid-2016. Nov 12- Dow Chemical Co raised its asset sale target by as much as 42 percent to $8.5 billion and increased its share buyback plan by $5 billion, as it looks to thwart hedge fund manager Daniel Loeb's push to split the company. Shares of Dow Chemical, which also raised its quarterly dividend to 42 cents per...

  • The U.S. Energy Information Administration also said it expects Saudi Arabia to curb production. But it still cut its forecast for Brent crude prices in 2015 by $18 a barrel from last month's view, to an average of $83 a barrel. Early Wednesday afternoon, December Brent crude was trading at $80.91 a barrel, down 76 cents.

  • UK's Operation Dovercourt forex probe comes in on time Wednesday, 12 Nov 2014 | 1:49 PM ET

    McDermott, head of the FCA's enforcement and financial crime division, proved correct in her prediction earlier on Wednesday, levying a record $1.4 billion of fines on five banks, Citigroup, UBS, HSBC, Royal Bank of Scotland and JPMorgan, for failing to stop their traders trying to rig foreign exchange prices from 2008 to 2013.. U.S. regulators the Commodity...

  • NEW YORK, Nov 12- Sears Holding Corp made a huge splash last week when it said it might spin off hundreds of its stores as a real estate investment trust. The S&P 1500 Retail REIT industry group, which includes the likes of mall and shopping plaza owners Simon Property Group Inc., Macerich Co. and National Retail Properties Inc., delivered a total return of nearly 500...

  • YouTube launches paid music subscription service Wednesday, 12 Nov 2014 | 1:43 PM ET

    Nov 12- Google Inc's YouTube is rolling out the long-awaited paid monthly subscription service called YouTube Music Key. The subscription for the ad-free service will start at $7.99 per month and will allow users to watch videos offline and listen to music while other apps are working. YouTube Music Key will be first available through an invite to its "biggest...

  • PASSAU, Germany, Nov 12- The ECB would encourage euro zone states to pile up debt if it were to buy state bonds, the president of Germany's central bank has warned again, underlining resistance to such a move in the bloc's most influential country. Speaking to an audience including local politicians and businessmen, Jens Weidmann conceded that the overall outlook...

  • SAN FRANCISCO, Nov 12- Twitter Inc is considering creating additional mobile applications beyond its core messaging service and ways of making it easier for newcomers to use its service, as it vies with Facebook Inc and other social media for smartphone users. Shares of Twitter were up more than 6 percent at $42.14 in midday trading on Wednesday following the...

  • NEW YORK, Nov 12- Goldman Sachs Group Inc elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. The partnership is a lingering vestige of Goldman's time as a private firm, when partners pooled their own money to...

  • Nov 12- Merger talks between Allergan Inc and white knight Actavis Plc are focused on narrowing a gap of about $3 billion between what has been offered and what is wanted, Bloomberg reported on Wednesday. Actavis is willing to pay around $200 per share, or $60 billion, while Allergan wants more than $210 per share, Bloomberg said. The amended laws now include a...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence on Wednesday to reaffirm the kingdom's longstanding policy of seeking stable global markets, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. "Talk of a price war is a sign of misunderstanding, deliberate or otherwise, and has no...

  • Libya's El Sharara field shuts down hours after reopening. Still, news that Libya's largest oilfield, El Sharara, had shut down hours after reopening on Wednesday limited the downside for crude. A spokesman for Libya's National Oil Corp cited a blocked pipeline at the oilfield.

  • SAN FRANCISCO, Nov 12- A U.S. appeals court said on Wednesday it will reconsider an order directing Google Inc to remove from its YouTube video sharing service an anti-Islamic film that sparked protests across the Muslim world. Earlier this year a three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco ordered Google to take down the film.