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  • Jan 4- Oculus, the virtual reality company owned by Facebook Inc, said on Monday it would take pre-orders for Rift from Wednesday.

  • BOSTON, Jan 4- Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12- year partnership that has generated billions of dollars in fees. The switch is another setback for American Express, already reeling from its lost deal with warehouse club retailer Costco Wholesale Corp....

  • *Chinese activity shrinks for 10th month in Dec. BENGALURU/ NEW YORK, Jan 4- The global economy finished last year on a fragile footing, with factory activity in China shrinking for the 10th month running in December, while euro zone manufacturing picked up but U.S. activity slowed. Coming on a day of volatility in Asian stock markets after China's central bank fixed...

  • FOREX-Dollar falls on China stock market rout

    NEW YORK, Jan 4- The dollar tumbled to an 11- week low against the yen on Monday, as disappointing factory data sparked a steep stock market selloff in China and spurred safe haven demand for the Japanese currency and the Swiss franc. Renewed worries about the world's second largest economy also hurt the Australian dollar and other currencies whose economies...

  • US STOCKS-Wall Street reels under China shock

    *Microsoft top drag on S&P, Goldman on Dow. That's quite a way to start the day off, "said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. At 11:12 a.m. ET, the S&P 500 was down 52.95 points, or 2.59 percent, at 1,990.99 and the Nasdaq Composite index was down 157.34 points, or 3.14 percent, at 4,850.07.

  • TORONTO, Jan 4- Canada Pension Plan Investment Board said on Monday it had agreed to buy a student housing portfolio in the United States for around $1.4 billion, in partnership with Singapore wealth fund GIC and The Scion Group. The three parties said they had formed a student housing joint venture, Scion Student Communities, which will acquire University House...

  • The rebound will likely be driven by strong passenger traffic, continued demand for commercial aircraft from growing economies like India and China, and an expected recovery in global military spending fueled by tensions in the Middle East, the firm said in its annual outlook for the sector. Tom Captain, who leads Deloitte's aerospace and defense segment, said...

  • *European shares down 2.5 percent after China stocks sink. Rising tensions in the Middle East also increased demand for safe-haven assets. Global benchmark Brent crude rose above $38 a barrel as some speculated a breakdown in diplomatic ties between Saudi Arabia and Iran could result in oil supply restrictions.

  • *DAX down more than 4 pct as weak China data hits markets. LONDON/ MILAN, Jan 4- European shares fell sharply on Monday, the first trading day of 2016, as weak Chinese data weighed on world stock markets and a rebound in oil prices added to market volatility. "This year got off on the wrong foot because of China," said ActivTrades chief market analyst Carlo Alberto De Casa.

  • LONDON, Jan 4- Oil prices rose on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some analysts speculated could result in supply restrictions, which offset the potential hit from evidence of weakness in Asia's largest economies. Saudi Arabia, the world's biggest oil exporter, cut diplomatic ties with Iran on Sunday in response to...

  • Over the past several years, the FDA has received thousands of reports of complications, including bleeding, organ perforation and urinary problems, involving the use of mesh for transvaginal POP repair, the agency said. The FDA noted that an advisory panel of experts in 2011 recommended that more data was needed to establish their safety.

  • SAN FRANCISCO, Jan 4- Microsoft Corp's latest operating system, Windows 10, is running on 200 million devices in what the company said was the fastest adoption rate of any of its operating systems. Much of the growth comes from retail consumers, with devices such as Microsoft's Xbox gaming console helping drive adoption of Windows 10, the company said.

  • *Ferrari shares flat in Milan debut. MILAN, Jan 4- Ferrari made a flat debut in Milan on Monday as the luxury sportscar maker completed its divorce from Fiat Chrysler Automobiles, leaving the parent to fight its future alone. FCA's Chief Executive Sergio Marchionne, who is also Ferrari's chairman, said on Monday that other carmakers had approached him proposing a...

  • *Saudi Arabia and Iran tensions support Treasuries. NEW YORK, Jan 4- U.S. Analysts also said a deterioration in relations between leading crude producers Saudi Arabia and Iran stoked demand for safe-haven Treasuries.

  • The U.S. Institute for Supply Management said its index of national factory activity fell to 48.2 from 48.6 in November and is now at its lowest level since June 2009. An alternative reading from private data vendor Markit showed continued expansion in manufacturing but at a slower pace. Markit's purchasing managers' index fell to 51.2 from 52.8 in November, the...

  • FRANKFURT, Jan 4- Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on Monday. Munich Re said floods in the UK and Scandinavia from storm "Desmond" early last month may cause about 700 million euros in...

  • ISM manufacturing index 48.2 in December - ISM

    Jan 4- The U.S. economy's manufacturing sector contracted further in December, according to an industry report released on Monday. The Institute for Supply Management said its index of national factory activity fell to 48.2 from 48.6 the month before. The reading was just below expectations of 49 from a Reuters poll of 80 economists.

  • SAN FRANCISCO, Jan 4- Microsoft Corp's latest operating system, Windows 10, is running on 200 million devices in what the company said was the fastest adoption rate of any of its operating systems. Windows 10, which the company released as a free download in July, powers both personal computers and devices like phones. Just over two months ago, Chief Executive...

  • *Saudi Arabia cuts ties with Iran, China data disappoints. LONDON, Jan 4- Gold rallied 2 percent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fueled concerns over global growth. The metal rallied along with oil, up 2.4 percent, after Saudi Arabia cut diplomatic ties with Iran after Iranian...