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  • LONDON, Jan 28- British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday. The Serious Fraud Office has already charged two UK- based Alstom subsidiaries and four former employees with...

  • *Sale of assets including stake in Greece's main utility halted. *Greek minister says Athens against sanctions on Russia. It said it would halt the sale of stakes in the Public Power Corporation of Greece, Greece's biggest utility, and refiner Hellenic Petroleum and put other planned asset sales of motorways, airports and the power grid on ice.

  • The FDIC said in an internal memo this week that any recommendations to terminate customers' deposit accounts must be made in writing, vetted by legal staff and discussed with bank managers. FDIC officials have repeatedly said Choke Point is a Justice Department operation. Both the FDIC and Justice Department have said they would conduct internal...

  • GLOBAL MARKETS-Dollar, U.S. stocks inch higher before Fed Wednesday, 28 Jan 2015 | 1:04 PM ET

    NEW YORK, Jan 28- The dollar edged up against the euro on Wednesday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while U.S. stocks climbed after strong earnings from Apple. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European...

  • Jan 28- Fuel-cell maker Plug Power Inc toned down its sales outlook for 2015, saying it had decided to put out numbers "people could rely" on after receiving "a lot of criticism for under-delivering." The company's shares fell as much as 10 percent to $2.86 in morning trade, after Chief Executive Andy Marsh said Plug Power now expected sales "in excess of $100 million".

  • Deloitte, whose audit clients range from carmaker General Motors Co to investment bank Morgan Stanley, achieved total fees including consultancy work of $34.2 billion last year, giving it a $248 million lead over second-placed PwC, the annual International Accounting Bulletin World Survey said. Rob Tautges, chief executive of mid-tier firm HLB...

  • LONDON, Jan 28- Nearly a quarter of all euro zone government bonds now have yields below zero, data from Tradeweb shows, a consequence of ECB schemes designed to channel money into the most credit-starved corners of the bloc's weak economy. European Central Bank policy-- including interest rates below zero and asset purchases-- has buoyed bond prices, knocking the...

  • *Scotland blocks new permits for fracking. LONDON, Jan 28- Scotland on Wednesday blocked the granting of permits for fracking and a local English council delayed a decision on two projects, casting doubt on British Prime Minister David Cameron's shale gas ambitions. Scotland, estimated to have around 80 trillion cubic metres of shale gas resources- enough to...

  • The FDIC said in an internal memo this week that any recommendations to terminate customers' deposit accounts must be made in writing, vetted by legal staff and discussed with bank managers. FDIC officials have repeatedly said Choke Point is a Justice Department operation. Both the FDIC and Justice Department have said they would conduct internal...

  • Trade union turns lights off on French prime minister Wednesday, 28 Jan 2015 | 12:42 PM ET

    PARIS, Jan 28- An inquiry was under way on Wednesday after French trade unionists turned the lights off on a keynote speech by Prime Minister Manuel Valls in protest at planned energy reforms. The mines and energy federation of France's militant CGT union said in a statement it supported the action. France's energy reforms have a wider purpose, aiming to boost the...

  • Unions turn lights off on French prime minister Wednesday, 28 Jan 2015 | 12:40 PM ET

    PARIS, Jan 28- An inquiry was under way on Wednesday after French trade unionists turned the lights off on a keynote speech by Prime Minister Manuel Valls in protest at planned energy reforms. The mines and energy federation of France's militant CGT union said in a statement it supported the action. France's energy reforms have a wider purpose, aiming to boost the...

  • Jan 28- Cenovus Energy Inc Canada's No. 2 independent oil producer, cut its 2015 capital budget by C $700 million on Wednesday, blaming plunging crude oil prices. The savings will come from suspending the bulk of Cenovus's conventional drilling program in southern Alberta and Saskatchewan, and delaying some long-term expansions and new projects in the oil...

  • Renewed plunge in Greek banks hits European shares Wednesday, 28 Jan 2015 | 12:31 PM ET

    *Lanxess, Nordea rally after results. LONDON/ PARIS, Jan 28- Greek stocks slumped further on Wednesday as concerns mounted about the banking sector after the election victory of anti-bailout party Syriza and the new government's cancellation of privatization plans. The combined market value of Greece's top four- Alpha Bank, Piraeus Bank, National Bank of Greece...

  • Sotheby's to raise charges for art buyers Wednesday, 28 Jan 2015 | 12:24 PM ET

    Beginning on Sunday, anyone who purchases a work of art will pay 25 percent to the auction house on the first $200,000 of the hammer price, compared with the earlier threshold of $100,000. Above $200,000 and up to and including $3 million the rate will be 20 percent, a rise from the earlier range of $100,000 to $2 million. For the remainder of the hammer price above $3...

  • BRUSSELS, Jan 28- New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday. EU foreign ministers are expected to ask the executive European Commission on Thursday to prepare...

  • But the build the EIA cited was about a third lower than the nearly 13 million barrels reported for the week to Jan. 23 by the American Petroleum Institute on Tuesday. Benchmark Brent crude oil was down 61 cents at $48.99 a barrel by 12:15 p.m. ET, off its session low of $48.65. "This inventory is bad, but not so bad" as expectations set by the API data, said Dominick...

  • US STOCKS-Apple, Boeing keep Wall St afloat; energy weighs Wednesday, 28 Jan 2015 | 12:17 PM ET

    NEW YORK, Jan 28- U.S. stocks were buoyed on Wednesday by earnings including Apple and Boeing, but a sharp drop in energy shares cut into gains, leaving indexes little changed. Boeing added 6 percent to $140.41 after handily beating top- and bottom-line expectations. But the energy sector of the S&P 500 dropped 2 percent as U.S. crude futures tumbled and after...

  • Nintendo says slack console sales to hit profit Wednesday, 28 Jan 2015 | 12:15 PM ET

    Nintendo issued a profit warning, even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income.

  • Jan 28- Fuel-cell maker Plug Power Inc toned down its sales outlook for 2015, saying it had decided to put out numbers "people could rely" on after receiving "a lot of criticism for under-delivering." The company's shares fell as much as 10 percent to $2.86 in morning trade on the Nasdaq. Plug Power now expects sales "in excess of $100 million", Chief Executive Andy Marsh...

  • Weaker yen helps lift Canon profit despite poor sales Wednesday, 28 Jan 2015 | 12:06 PM ET
    An attendee tries the Canon Inc. EOS 7D Mark II digital single lens reflex (DSLR) camera during its unveiling in Tokyo, Japan.

    Canon reported a slight rise in profit thanks to a weak yen, even as its camera business struggled to attract photographers.