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  • Sears posts $548M loss, doubles store closure plan Thursday, 4 Dec 2014 | 12:36 PM ET
    Banners hang from Sears' flagship store in the Loop on Jan. 22, 2014, in Chicago.

    Sears reported a quarterly net loss of $548 million, and the retailer said it had nearly doubled its planned store closures to cut costs.

  • BUENOS AIRES, Dec 4- Argentina's state bank has moved to bolster the country's reserves by reducing credit to soy farmers holding onto an estimated 8 million tonnes of last year's beans as a hedge against one of the world's highest inflation rates. Argentina is the No. 3 exporter of beans and the top supplier soymeal feed used to fatten up cattle and other...

  • KUALA LUMPUR/ LONDON, Dec 4- Copper climbed on Thursday to its highest in nearly a week as the dollar slid following uncertainty about potential stimulus in Europe and after a fire at a mine, though concerns about the outlook for demand from top consumer China limited gains. Three-month copper on the London Metal Exchange closed up 1.3 percent at $6,465 a tonne,...

  • CHICAGO, Dec 4- U.S. fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labor rights in about 190 cities began around the United States. About 200 demonstrators marched in downtown Chicago starting near the Rock' N' Roll McDonald's, the largest in the...

  • ATHENS, Dec 4- Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program. "Greece has not received any written proposal on an extension," a government official told Reuters.

  • SEATTLE, Dec 4- Starbucks Corp, aiming to give cooling U.S. traffic a jolt, on Thursday announced it will add beer, wine, and evening snacks to thousands of domestic cafes, widen lunch offerings and roll out mobile ordering. Starbucks plans to reap about $1 billion in new sales from the addition of evening menus, including beer, wine and food, at nearly 3,000 of its 11,900...

  • More than $150 bln of oil projects face the axe in 2015 Thursday, 4 Dec 2014 | 12:12 PM ET

    *A fifth of projects at risk with oil at $80/ barrel- Rystad. *Some North Sea, Arctic and Gulf of Mexico fields on hold. Now the outlook for onshore and offshore developments- from the Barents Sea to the Gulf or Mexico- looks as uncertain as the price of oil, which has plunged by 40 percent in the last five months to around $70 a barrel.

  • DUBAI, Dec 4- Qatar Airways will receive Airbus' newest plane, the A350 jetliner, on Dec. 13, the Gulf carrier said in a statement on Thursday. The aircraft is the first of the 80 jets ordered by Qatar Airways, making it the first airline to receive Airbus' new wide-body long-haul jet. Qatar Airways said it would first deploy the jet for commercial service on the Frankfurt...

  • WASHINGTON, Dec 4- The Obama administration said on Thursday it would be irresponsible to end government stewardship of the country's biggest mortgage finance firms without legislation from Congress. "The only way to responsibly end the conservatorship is through legislation," Michael Stegman, the Treasury Department's top official for housing policy,...

  • UPDATE 1-GlaxoSmithKline abandons sale of older drugs Thursday, 4 Dec 2014 | 12:03 PM ET

    LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers. A spokesman for GSK, which was being advised on the disposal by Lazard, declined to give any more details. People familiar with the situation said last month that several private...

  • LONDON, Dec 4- Qatar's sovereign wealth fund and a North American investor have upped their joint bid for Songbird Estates, the owner of London's Canary Wharf financial district, with an offer that values the company at 2.6 billion pounds. Songbird is the majority owner of the Canary Wharf estate, established about 25 years ago on former docks as a new financial...

  • *Weekly jobless claims land almost as expected. NEW YORK, Dec 4- U.S. stocks fell on Thursday after European Central Bank president Mario Draghi brushed off pressure to act and said the bank would reassess the impact of its monetary policy stimulus early next year and take further action if necessary. Every time they get a bad number or are worried about the...

  • ECB's Draghi seizes on oil price drop in QE calculus Thursday, 4 Dec 2014 | 11:52 AM ET

    FRANKFURT, Dec 4- The falling price of oil has crashed into the European Central Bank's policy considerations, with President Mario Draghi firmly focused on the drop as a problem for inflation rather than a potential fillip for growth. The price of Brent crude hit a 5- year low below $68 a barrel on Monday after averaging around $110 a barrel in 2011 to 2013..

  • Ponte worked in Sanofi's Bridgewater, New Jersey, office reviewing contracts for legal compliance, according to the lawsuit. In March 2013, she discovered that nine contracts paying $34 million to accounting firm Deloitte LLP and consulting firm Accenture Plc were actually covers for kickbacks, the lawsuit said. Deloitte and Accenture are not defendants in...

  • *Expects 2015 profit of $3.00- $3.15/ share vs $2.94 last year. *Posts fourth-quarter profit of $1/ share vs estimates of $1.07. The company's printwear business sells plain T-shirts, fleece, and sport shirts mainly to wholesale distributors and screen printers in North America, Europe and Asia Pacific.

  • NEW YORK, Dec 4- Oil fell in choppy trading on Thursday as the debate for a sustainable price level continued after Saudi Arabia announced deep discounts for the crude it sells to Asian and U.S. buyers in an apparent attempt to defend its market share. News that Libya's El Sharara oil field, one of OPEC's largest, might be ready to resume output after a pipeline...

  • LONDON, Dec 4- Global mining company Rio Tinto is not looking to make any major acquisition to protect itself from a potential Glencore takeover, Chief Executive Sam Walsh said at a meeting with investors on Thursday. Since Rio Tinto rejected a tentative approach from smaller rival Glencore in July, speculation has mounted that it might rush to make an...

  • GlaxoSmithKline abandons sale of older drugs Thursday, 4 Dec 2014 | 11:28 AM ET

    LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers.

  • TREASURIES-Prices rise as ECB reduces growth forecasts Thursday, 4 Dec 2014 | 11:21 AM ET

    NEW YORK, Dec 4- U.S. European Central Bank President Mario Draghi told reporters in Frankfurt that the ECB's Governing Council was unanimous in backing such potential steps as a government bond-buying program with new money. Treasuries initially rose on the ECB's actions and Draghi's comments but then slipped as investor reassessed the timing and...

  • U.S. swaps regulator wants tighter clearing house rules Thursday, 4 Dec 2014 | 11:17 AM ET

    WASHINGTON, Dec 4- Regulators should consider tighter rules for clearing houses given their crucial role as guardians against market routs after the 2007-2009 credit crisis, a senior U.S. swaps regulator said on Thursday. The Commodity Futures Trading Commission should take a first step towards subjecting clearing houses to more standardized regular...