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*Upgrade sparks short-covering on Alcatel-Lucent stock. Switzerland's SMI benchmark surged 2.9 percent, catching up with the European market rally on Wednesday sparked by Washington's deal to avoid the so-called fiscal cliff, with UBS up 4.1 percent and Roche up 3 percent.
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LONDON, Jan 3- Credit Suisse is preparing to offload more risk exposure to staff in its 2012 bonus giveaway but significantly fewer managers will be allowed to join the latest version of a scheme that has yielded stellar rewards in previous years.
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*Transocean owned rig that exploded in 2010. *Transocean shares rise more than 5 pct in midday trade. WASHINGTON, Jan 3- Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive 2010 Macondo oil spill in the Gulf of Mexico.
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LONDON, Jan 3- German Bund yields rose close to a one-month high on Thursday after data showed the U.S. private sector added more jobs than expected in December, cooling demand for low-risk debt. Ten-year yields rose 4 basis points on the day to 1.48 percent, their highest since Nov. 2.
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WASHINGTON, Jan 3- Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from the massive 2010 BP Plc oil spill in the Gulf of Mexico, a source familiar with the matter said on Thursday.
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Plains last week had little impact on historic drought gripping the region, but parts of northern Illinois and southern Wisconsin showed slight improvement, weather experts said.
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Jan 3- Boeing Co said it booked 1,203 net orders for planes and delivered 601 new jets in 2012, a performance that likely puts it ahead of rival Airbus for the prize of being the world's largest planemaker. Boeing's tally of 601 planes delivered to customers puts it ahead of Airbus' stated target of 580 deliveries for the year.
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NEW YORK, Jan 3- World stocks dipped on Thursday as traders took profits after equities hit an 18- month high in the previous session, while the U.S. dollar climbed to a three-week high against a basket of currencies on concerns about more budget wrangling in Washington.
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PARIS, Jan 3- A leading pan-European share index ended higher on Thursday, helped by better-than-expected U.S. jobs data and strong gains from a Swiss market returning from a national holiday. The FTSEurofirst 300 index of top European shares provisionally ended 0.4 percent higher at 1,162.24 points.
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Jan 3- Hormel Foods Corp agreed to buy Skippy, the iconic U.S. peanut butter brand, from Unilever Plc for $700 million, adding the well-known kids lunch staple to a portfolio that includes Spam canned meat. Hormel shares rose 6 percent to $33.82- their highest ever- before easing a little to $33.37 in late morning trading on Thursday on the New York Stock Exchange.
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Jan 3- Boeing Co said it booked 1,203 net orders for planes and delivered 601 new jets in 2012, a performance that likely puts it ahead of rival Airbus for the prize of being the world's largest planemaker. Boeing's tally of 601 planes delivered to customers puts it ahead of Airbus' stated target of 580 deliveries for the year.
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CAPE CANAVERAL, Fla., Jan 3- Astronaut Neil Armstrong may not have been speaking entirely off the cuff when he delivered the most iconic quote in the history of manned space flight.
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NEW YORK, Jan 3- Wegelin, the oldest Swiss private bank, pleaded guilty on Thursday to a criminal charge of conspiracy in helping wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts. The plea came at a court hearing before Judge Jed Rakoff in U.S. District Court in Manhattan.
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*EPS 69 cents vs Wall St 75- cent view. The discount chain began selling cigarettes and other tobacco products, Pepsi drinks, gift cards, magazines and other merchandise in recent months to better compete against chains such as Dollar General Corp..
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*Toyota, Honda seen making market-share gains. Toyota Motor Corp reported a 9 percent U.S. sales increase for December, which met analysts' expectations. Both Toyota and Honda Motor Co, which reports monthly and annual sales later on Thursday, and are expected to end the year with much better sales gains than their U.S. competitors.
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*China service sector accelerates in December. LONDON, Jan 3- Copper was little changed on Thursday as the dollar firmed on worries about new budget battles over spending cuts in the United States, but promising data from top metals consumer China helped prevent losses.
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*Egypt reserves proportionately half those of its peer Turkey. *IMF mission will visit Egypt this month. CAIRO/ LONDON, Jan 3- Egypt dipped deeper into its rapidly shrinking currency reserves on Thursday, fighting to slow a sliding pound which is likely to push up inflation and risks reigniting popular unrest.
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Brokers like ICAP and BGC Partners make around a third of their revenue from the $640 trillion industry for trading swaps- financial instruments used by companies to cover their exposure to changes in interest rates, foreign exchange rates and credit ratings.
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CHENNAI, India, Jan 3- Indian tax authorities are investigating a possible financial scam after seizing $5 billion worth of bills of exchange issued by Barclays from the home of a trader, an official at the local tax department said on Thursday.
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*Costco, TJX, Ross, Gap top expectations. Costco Wholesale Corp, Nordstrom Inc, TJX Cos Inc and Ross Stores Inc were among winners of the month, but such chains as Target Corp and Family Dollar Stores Inc felt the pinch as consumers were cautious in their holiday spending.
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