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  • NEW YORK, Jan 23- Timkensteel Corp, a producer of high-quality steel used in products ranging from oil rigs to fighter jets, looks to be an attractive takeover candidate as its shares slide, said Eric Marshall, lead portfolio manager of the $1.3 billion Hodges Small Cap fund. Energy-related products account for approximately 30 percent of Timkensteel's...

  • NEW YORK, Jan 23- U.S. Treasury yields fell on Friday as European government bond yields dropped to record lows, a day after the European Central Bank said it would launch new stimulus in an effort to boost sagging regional growth and stave off deflation. "We're trading higher in sympathy with what's going on in Europe," said Ian Lyngen, senior government bond...

  • Assistant Secretary of State Roberta Jacobson met some of Cuba's dissidents on Friday to emphasize the importance the United States places on human right in talks with Cuba on restoring diplomatic ties. The meeting ruffled Cuba, which has stressed that efforts to normalize ties should not be accompanied by meddling in its internal affairs.

  • *UPS shares fall after outlook, FedEx also lower. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies, which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. UPS was the largest drag on the S&P 500 after its guidance...

  • *Partial shutdown of Indiana refinery pressures US crude. NEW YORK, Jan 23- Brent crude rose on Friday on uncertainty over Saudi oil output following the death of King Abdullah, while U.S. crude prices fell, with traders citing a reported build at the Cushing, Oklahoma storage hub and the partial shutdown of an Indiana refinery. Still, the transition should be...

  • UPDATE 3-Honeywell draws strength from US demand Friday, 23 Jan 2015 | 1:33 PM ET

    *4th- qtr earnings/share $1.43 vs est. Jan 23- Honeywell International Inc reported a slightly better-than-expected quarterly profit, as an improving U.S. economy helped boost sales at the company's division that makes sensors, safety systems and airconditioning equipment. Honeywell shares rose as much as 4.6 percent to a record $103.92 on the New York Stock...

  • Jan 23- MasterCard Inc said it would remove a block on transactions made in Cuba using its cards issued in the United States, effective March 1. The United States announced sweeping new rules this month that will significantly ease sanctions on Cuba, opening up the communist-ruled island to expanded U.S. travel, trade and financial activities.

  • LONDON, Jan 23- European stock markets rose on Friday after the European Central Bank's decision to buy government bonds, with Greek shares leading the gains before the country's election on Sunday. The bond-buying plan helped Greece's ATG share index rise 6.1 percent. Attica Bank, National Bank of Greece and Piraeus Bank gained 14 to 8 percent.

  • Euro zone bond yields hit new record lows after the European Central Bank unveiled its QE programme- just what the doctor, or at least ECB chief Mario Draghi, ordered. While the composition of a new coalition government may not be quickly known, the prospect of a strong showing for the far-left Syriza party raises the spectre of a clash between Athens on the one hand...

  • NEW YORK, Jan 23- Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. "The market is at a critical juncture, and it is important that certain standards and certain...

  • *Copper falls 3.5 percent this week. *China's factory growth stalls in January. LONDON, Jan 23- Copper fell on Friday, posting its sixth straight weekly loss as it moved back towards a recent 5-1/ 2- year low, weighed down by a stronger dollar and concerns about the outlook for demand from top consumer China.

  • CHICAGO, Jan 23- United Parcel Service Inc on Friday said its fourth-quarter performance was hurt as lackluster holiday demand pushed up costs, and that it will likely raise prices for this year's peak season. In a separate announcement, main rival FedEx reaffirmed its earnings outlook for its fiscal 2015 year ending May 31. During the 2013 peak season UPS and...

  • Jan 23- Shares of online data storage provider Box Inc rose as much as 77 percent in their market debut as investors bet on the company's ability to turn profitable in a highly competitive market, boding well for another big year for IPOs. Box's shares, which priced at $14, hit a high of $24.72 in morning trading on the New York Stock Exchange on Friday, valuing the...

  • CHICAGO, Jan 23- Deere& Co, the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. Iowa will be hit hardest by the reductions, with about 565 workers in Waterloo and 300 others in Ankeny slated...

  • Jan 23- General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. "It's going to be an albatross... as long as energy prices stay low," said Tim Ghriskey, chief investment officer of Solaris Asset Management.

  • BERLIN, Jan 23- Germany's defence minister has criticised Airbus over new delays in the delivery of A400M military transport planes, saying the company had a serious problem with product quality. However, the defence ministry said last week there were signals from European defence equipment agency OCCAR, which is negotiating with Airbus on behalf of...

  • BERLIN, Jan 23- Germany's defense minister has criticized Airbus over new delays in the delivery of A400M military transport planes, saying the company had a serious problem with product quality. However, the defense ministry said last week there were signals from European defense equipment agency OCCAR, which is negotiating with Airbus on behalf of...

  • BUENOS AIRES, Jan 23- Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires. He had been scheduled to appear before Congress on Monday to answer questions about his allegation that President Cristina Fernandez...

  • Madagascar needs reforms to hit 5 percent growth - IMF Friday, 23 Jan 2015 | 11:55 AM ET

    ANTANANARIVO, Jan 23- Madagascar will not achieve the 5 percent growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters. But weak tax revenue, coupled with fuel subsidies and an under-funded civil service pension fund, are putting...

  • Jan 23- SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest. Xhibit and SkyMall filed for Chapter 11 protection from creditors on Thursday night in the U.S. bankruptcy court in Phoenix,...