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  • *Nike reverses course after hitting record high. *Celgene up after settling patent litigation. Dec 23- Wall Street rallied for the third straight session on Wednesday, led by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.

  • Houston- based pipeline group Enterprise Products Partners LP said in a statement it will provide pipeline and marine terminal services to load a 600,000- barrel cargo of domestic light crude oil scheduled for the first week of January. "We are excited to announce our first contract to export U.S. crude oil, which to our knowledge may be the first export cargo of...

  • NEW YORK/ LONDON, Dec 23- Gold inched down for the second straight session on Wednesday, hemmed into a narrow range in thin pre-holiday trade as major stock markets posted strong gains and the dollar climbed along with U.S. bond yields. "Gold has been stuck in a range for such a long time that no one wants to do anything with it. Gold prices are down nearly 10 percent so far...

  • *If approved, Hyundai would avert more walkouts. SEOUL, Dec 24- Hyundai Motor has reached a tentative deal on pay with its South Korean labour union, potentially avoiding major production losses at its biggest manufacturing base. Management has agreed to raise basic monthly pay by 4.2 percent, or 85,000 won, give workers 20 company shares and make bonus and...

  • Drillers removed three oil rigs in the week ended Dec. 23, bringing the total rig count down to 538, oil services company Baker Hughes Inc said in its closely followed report. Baker Hughes issued the report two days early due to the Christmas holiday. Prices did not budge after the Baker Hughes report.

  • WASHINGTON, Dec 23- New orders for U.S. manufactured capital goods fell in November and the prior month's increase was revised sharply lower as the drag on manufacturing from a strong dollar and spending cuts in the energy sector showed little sign of abating. The Fed can stay the course... no need to depart from a gradual pace given what we know currently about the...

  • Dec 23- U.S. energy firms this week cut oil rigs for a fifth week in the last six, data showed on Wednesday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed three oil rigs in the week ended Dec. 23, bringing the total rig count down to 538, oil services company Baker Hughes Inc said in its closely followed report.

  • OIL DRILLERS CUT RIGS FOR A FIFTH WEEK IN LAST SIX ON WEAK CRUDE PRICES- BAKER HUGHES.

  • WASHINGTON, Dec 23- The Bancorp Bank of Wilmington, Delaware, will pay a $3 million penalty and an estimated $1.3 million in restitution to about 21,000 harmed customers to settle alleged "unfair and deceptive practices," the FDIC said on Wednesday.

  • WILMINGTON, Del, Dec 23- Rising financial stress in the U.S. energy sector has prompted some suppliers and vendors to take unusual legal action to collect unpaid debts: forcing struggling companies with billions of dollars in debt into bankruptcy. Since August, creditors have filed petitions for involuntary bankruptcy against three energy producers with...

  • *Demand for OPEC crude to fall by 2020- OPEC. TORONTO, Dec 23- Oil rose more than 3 percent on Wednesday in thin, pre-holiday trading, buoyed by a surprise drop in U.S. crude inventories, but prices stayed near multi-year lows as global supplies remained abundant and OPEC lowered the demand outlook for its exports. At 12:40 p.m. EST, West Texas Intermediate futures...

  • Starting Christmas eve, all of The Beatles' 13 albums, including "Sgt Pepper's Lonely Hearts Club Band," "Revolver" and " Abbey Road", will finally be available on some of the most popular streaming services. The Beatles, themselves, had been involved in long-winding disputes, particularly with Apple Inc, and have held off from making their music available on streaming...

  • LONDON, Dec 23- European shares surged on Wednesday, boosted by gains in commodities stocks on the back of stronger metals and crude oil prices and signs of more economic stimulus measures in China, the world's largest metals consumer. The euro zone's Euro STOXX 50 advanced 2.3 percent, Britain's FTSE 100 index rose 2.6 percent and Germany's DAX climbed 2.3...

  • *Egypt buys Argentine wheat in tender. Egypt, the world's top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers face on the world market. "We saw some very steep competition out there," Rich Nelson, chief strategist for brokerage Allendale in Illinois, said about the Egyptian wheat tender.

  • Trowbridge said Honda, Fuji Heavy Industries Ltd.' s Subaru unit, and Mazda Motor Corp will add an estimated "few hundred thousand vehicles" to the massive recall campaigns based on additional inflator testing and that others may as well. All of the nine deaths, including the death of a pregnant woman in Malaysia, have been in Honda vehicles. Reuters reported this...

  • The FDIC also brought a related action on Wednesday against WEX Bank, which partners with Higher One, and ordered it to pay $1.75 million in fines. The FDIC added that both Higher One and WEX Bank will also collectively pay $31 million in restitution as well to an estimated 900,000 consumers. Regulators said Higher One engaged in a variety of deceptive practices,...

  • LONDON, Dec 23- Britain's economic growth has slowed markedly, according to data on Wednesday that supports expectations the Bank of England will not raise record low interest rates any time soon. Hurt by slow demand for exports from a flagging global economy, gross domestic product grew 0.4 percent in the third quarter, matching its lowest rate since late 2012,...

  • *Wall Street gains help snap greenback's 3- day decline. Gains in Wall Street stock prices also underpinned support for the greenback, snapping its three-session losing streak, analysts said. Treasuries yields is providing some support for the dollar, "said Eric Viloria, currency strategist at Wells Fargo Securities in New York.

  • Dec 23- Enterprise Products Partners LP said on Wednesday it won its first contract to export U.S. crude oil for trader Vitol in what may become the first such cargo exported in almost four decades after Congress last week voted to lift the export ban. "We are excited to announce our first contract to export U.S. crude oil, which to our knowledge may be the first export...

  • NEW YORK, Dec 23- U.S. and European stocks posted strong gains on Wednesday, helped by energy shares as a drop in crude inventories lifted beaten-down oil prices, while the dollar was poised to snap a three-day losing streak. Benchmark Brent crude rose 3.1 percent to $37.23 a barrel, while U.S. crude prices jumped 4.2 percent to $37.65 a barrel. "There's a pretty strong...