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Latest Business News Wires - Business Headlines

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  • TORONTO, Dec 19- Sears Canada Inc is stepping up spending on areas such as its website and profitable merchandise categories while looking to exit unprofitable product lines as part of its turnaround plan, the retailer's new acting chief executive said on Friday. Sears Canada, which has seen its fourth CEO in three years, has been working on turning around...

  • MEXICO CITY, Dec 19- Mexico's telecoms regulator has opened a fresh antitrust investigation into companies offering voice, data and video services, which could affect Carlos Slim's telephone company America Movil and broadcaster Televisa. The IFT has already declared billionaire Slim's America Movil and Televisa to be dominant players in Mexico,...

  • MOSCOW, Dec 19- Russia's central bank said on Friday it had raised the limit on foreign exchange swap operations to $10 billion from $2 billion for Dec. 19.

  • MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...

  • Dec 19- Shares of cancer drug developer Juno Therapeutics Inc soared as much as 65 percent in their market debut on Friday, capping a big year for biotech IPOs. Shares were priced at $24 per share, above the expected $21- $23. As of Sept. 30, Seattle- based Juno had raised about $314 million in private venture funding from investors including Amazon.com Inc co-founder...

  • Roche and Italian banks stymie European share rebound Friday, 19 Dec 2014 | 12:36 PM ET

    *Continental shares underperform Britain's FTSE. LONDON, Dec 19- Continental European stocks edged lower on Friday as a late advance was hindered by Swiss drugmaker Roche after two of its major drugs failed tests, with Italian banks under pressure from a downgrade by S&P. However, the FTSEurofirst 300 index of top European shares, which was boosted by a 1.2...

  • Dec 19- AstraZeneca Plc's ovarian cancer drug has been granted an accelerated approval by the U.S. health regulator, a day after it was approved by the European Commission. An advisory panel to the U.S. Food and Drug Administration had voted in June against granting an accelerated approval to the drug, Lynparza, citing inadequate data. Lynparza aims to treat...

  • Spain's Almirall gains on report of Actavis interest Friday, 19 Dec 2014 | 12:29 PM ET

    Dec 19- Shares in Spanish drugmaker Almirall jumped 9 percent on Friday after a Bloomberg report of potential takeover interest from Actavis. Almirall played down the report, saying in a regulatory filing that "the news is untrue." Almirall, with a market value of 2.3 billion euros, recently sold its respiratory business to AstraZeneca, while Actavis is in the...

  • NEW YORK, Dec 19- There are plenty of delicate subjects during the holiday season, but one of the touchiest could be regifting. Susan Choi and Pete Wells have developed a different approach. Instead of whispering about regifting, the Brooklyn, New York City couple are shouting it from the rooftops.

  • RUSSIAN CENTRAL BANK SAYS RAISES LIMIT ON FOREX SWAP TO $10 BLN FROM $2 BLN PER DAY FOR DEC. 19.

  • The International Monetary Fund said it had productive talks with Ukraine officials this week, but the two parties failed to reach an agreement that would pave the way for Kiev to receive its next bailout tranche next month. Ukraine could default on its debt obligations if the situation does not change in the next few months, S&P said on Friday.

  • U.S. settles lawsuit with T-Mobile US over cramming Friday, 19 Dec 2014 | 12:12 PM ET

    WASHINGTON, Dec 19- T-Mobile US has agreed to settle a lawsuit filed by the U.S. government over unauthorized charges placed on customers' bills, a practice known as cramming, and to pay at least $90 million in refunds and fines, two U.S. government agencies said on Friday. T-Mobile USA received 35 to 40 percent of the amount charged, the Federal Trade Commission said...

  • West Texas Intermediate crude futures traded above $55 a barrel while benchmark Brent hovered above the psychologically key $60 level, gaining over 2 percent in New York's morning trade. "At least I'm not convinced that with Brent at $60 or WTI above $55, we've seen the bottom yet," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New...

  • WASHINGTON, Dec 19- The United States on Friday blamed North Korea for the devastating cyberattack against Sony Pictures, formally acknowledging the involvement of the Pyongyang government and saying the tools and infrastructure used in the attack were similar to previous activity from North Korea.

  • PARIS/ LONDON, Dec 19- Bargain hunters may have to think twice before scooping up shares of beaten-down oil services companies, as a slump in crude prices raises questions about their ability to pay back debt. "People are just starting to dump these bonds given the trajectory of oil prices," Saxo Bank Chief Investment Officer Steen Jakobsen said.

  • Goldman names two new board members Friday, 19 Dec 2014 | 11:54 AM ET

    Dec 19- Goldman Sachs Group Inc said it added two independent directors, raising the number of board members to 14.. The appointments of Mark Flaherty, 55, and Mark Winkelman, 68, was effective from Thursday. Winkelman, a former co-head of Goldman's fixed-income division, retired from the bank in 1994. He currently serves on the board of brewer Anheuser-Busch...

  • FRANKFURT, Dec 19- The European Central Bank will not hesitate to act if needed, ECB Executive Board member Peter Praet said in an opinion piece on Friday, touching on the possibility of the central bank buying sovereign bonds. With euro zone inflation at 0.3 percent, far below the ECB's target of just under 2 percent, the central bank is ready to review its policy...

  • FBI SAYS "DEEPLY CONCERNED" ABOUT THE "DESTRUCTIVE NATURE" OF HACKING ATTACK ON SONY AND ITS STAFF.

  • Amazon staff in Germany extend strike to Christmas Eve Friday, 19 Dec 2014 | 11:50 AM ET

    Industrial action this week had already been extended until Saturday in four of Amazon's nine distribution centers in Germany and until Dec. 24 at one warehouse. The union has organized frequent strikes at Amazon in Germany since May 2013 as it seeks to force the retailer to raise pay for warehouse workers in accordance with collective bargaining agreements...

  • FBI SAYS TOOLS USED IN SONY ATTACK SIMILAR TO MARCH 2013 CYBER ATTACK ON SOUTH KOREAN BANKS, MEDIA, WHICH WAS CARRIED OUT BY NORTH KOREA.