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  • *After eight years of recession, Greece hopes for growth in 2016. *Trust badly damaged between Athens and Brussels. ATHENS, Dec 7- After a tumultuous year of two elections, a referendum, a default, a bank shutdown, capital controls and a tidal wave of migrants, it's amazing that Greece is still standing, like the Parthenon towering over Athens.

  • WASHINGTON, Dec 7- The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the country's opposition party after its landmark election win in November, U.S. officials said on Monday. The trade relief, coming after democracy champion Aung San Suu Kyi's...

  • Dec 7- Carl Icahn offered to buy Pep Boys-Manny, Moe& Jack in a deal valuing the U.S. auto parts retailer at about $837 million, trumping Japanese tire maker Bridgestone Corp's offer of $810 million. Icahn Enterprises LP offered $15.50 per Pep Boys share in cash, a 1.2 percent discount to Friday's close, but higher than Bridgestone's offer of $15 per share, also in cash.

  • Bonds from the sovereign as well as state oil firm Petroleos de Venezuela rose as much as 4.2 cents on the dollar, moves expected to extend further if the opposition fulfills its expectations of a two-thirds majority. The 2028 rose 2.6 cents, while the 2038 issues firmed up 2.6 cents. The 2027 issue, considered the benchmark for Venezuela, were last up 2.59 cents,...

  • "I have quite low expectations of anything meaningful coming out of Paris" for the near term, said Edward Guinness, portfolio manager at the Guinness Atkinson Alternative Energy Fund in London. The United States, France, India and 17 other countries have promised to double the amount they were collectively expected to spend on clean energy research and...

  • Dec 7- Carl Icahn's Icahn Enterprises LP offered to buy auto parts company Pep Boys- Manny, Moe& Jack in a deal valued at about $837 million. Japanese tire maker Bridgestone Corp said in October that it would buy Pep Boys for $835 million. "We believe our proposal is clearly superior to the $15.00 per share Bridgestone transaction," Icahn Enterprises' Chief Executive...

  • DUBAI, Dec 7- Cisco's executive chairman on Monday declined to say whether it would cede to China's demands to be able to control equipment deployed in the world's largest internet market, instead pledging to find a "win-win" solution. Cisco's commitment comes despite unease among foreign business groups over a China national security law adopted in July...

  • OTTAWA, Dec 7- Canada will give aboriginal groups more say in discussions over natural resource projects located on their territory, which should help pave the way for major pipelines and mines, the country's new energy minister said on Monday. Asked whether the new assessment process meant aboriginal interests could block development of a pipeline, Natural...

  • Dec 7- Viacom Inc Chief Executive Philippe Dauman said he speaks with Executive Chairman Sumner Redstone several times a week and that the 92- year-old media mogul is in charge of his own healthcare. Dauman spent the first several minutes of his session at the conference discussing what he called "misinformation," stemming from a lawsuit filed by one of...

  • CARACAS, Dec 7- Venezuela's opposition vowed on Monday to revive the OPEC nation's troubled economy and free jailed political activists after winning control of the legislature for the first time in 16 years of Socialist rule. "It's a great opportunity for us, this protest vote," prominent opposition leader Henrique Capriles said following a win attributed...

  • CHICAGO, Dec 7- Illinois has bent or broken every sound budgeting practice and should adopt reforms to help dig its way out of a huge pile of debt, according to a report released by the University of Illinois on Monday. The report by the Fiscal Futures Project at the university's Institute of Government& Public Affairs said the fifth-largest U.S. state "is badly in...

  • WASHINGTON, Dec 7- The Federal Trade Commission has filed a complaint aimed at stopping Staples Inc, the nation's largest office supply store, from buying its top rival, Office Depot Inc, the agency said on Monday. "The commission has reason to believe that the proposed merger between Staples and Office Depot is likely to eliminate beneficial competition that...

  • NEW YORK, Dec 7- Oil prices skidded to their lowest level in nearly seven years on Monday, hurting the shares of major oil companies on Wall Street as a global glut showed no signs of abating, while European stocks benefited from a weaker euro. Brent crude prices fell to $41.20, their lowest since February 2009, after a meeting of members of the Organization of the...

  • Dec 7- A federal appeals court on Monday upheld a decision rejecting claims of fraud by Harbinger Capital Partners, the equity owner of bankrupt wireless venture LightSquared, against Deere& Co and other GPS firms. Hedge fund Harbinger had accused Deere, Garmin International, Trimble Navigation Ltd, and a GPS industry group of misleading LightSquared about...

  • Dec 7- Carl Icahn's Icahn Enterprises LP offered to buy auto parts company Pep Boys- Manny, Moe& Jack in a deal valued at about $834 million. Japanese tire maker Bridgestone Corp said in October that it would buy Pep Boys for $835 million. "We believe our proposal is clearly superior to the $15.00 per share Bridgestone transaction," Icahn Enterprises' Chief Executive...

  • Osborne, in a wide-ranging series of remarks to the U.S. Council on Foreign Relations in New York, also criticised the U.S. Congress for blocking reform of the International Monetary Fund and said progress was being made in negotiations on European Union political reform.

  • Marvell had said it has been contacted by the Securities and Exchange Commission and the U.S. Attorney's Office regarding the probe. Marvell's accounting and legal troubles may have kept away potential suitors at a time of record consolidation in the semiconductor sector. Marvell estimated revenue of $674.1 million for the third quarter ended Oct. 31, a 27.5...

  • NEW YORK, Dec 7- A Florida man has been indicted for scheming to make illicit payments to an official at a credit union that prosecutors say facilitated an illegal bitcoin exchange owned by an Israeli linked to cyber attacks on companies including JPMorgan Chase& Co.. Lebedev was arrested in July along with a Florida man, Anthony Murgio, for engaging in a...

  • WASHINGTON, Dec 7- Republican presidential candidate Ted Cruz has taken the lead in the early-voting state of Iowa, surpassing both Donald Trump, who holds the lead in most national surveys, and Ben Carson, who has scored strongly in the state in recent months, according to a Monmouth University poll released on Monday. The poll of likely caucus-goers in Iowa, which...

  • NEW YORK, Dec 7- The former chairman of U.S. law firm Dewey& LeBoeuf is nearing a deal with New York prosecutors to avert a retrial on fraud charges stemming from the firm's collapse, and prosecutors have extended plea offers to three other defendants. A potential deferred prosecution agreement for Dewey leader Steven Davis was confirmed by his lawyer after a...