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  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.

  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.

  • HOUSTON, Jan 21- Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it will enter North Dakota's Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Officer Harold Hamm. "The Bakken is the one producing basin in which Kinder Morgan doesn't have a large presence,"...

  • CARACAS, Jan 21- Venezuela's recession-hit economy contracted 2.8 percent in 2014, while inflation topped 64 percent, President Nicolas Maduro said on Wednesday. In an address to parliament, Maduro blamed Venezuela's economic problems on political opponents bent on sabotaging the economy and toppling his socialist government. The South American OPEC...

  • Northrop presses for more U.S. drone exports Wednesday, 21 Jan 2015 | 7:03 PM ET

    WASHINGTON, Jan 21- Northrop Grumman Corp Chief Executive Wes Bush on Wednesday lauded the U.S. government for approving exports of some unmanned aerial vehicles, or drones, and said more work was needed to keep up with technological advances in other countries. Bush said U.S. defense officials increasingly recognized the need to update U.S. policy given the...

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • DIARY- Top Economic Events to Feb 5 Wednesday, 21 Jan 2015 | 7:01 PM ET

    EDINBURGH, Scotland- Bank of England monetary policy committee member David Miles gives a speech at University of Edinburgh on "What can monetary policy do?" LONDON- Bank of England regulator Paul Fisher speaks at the Westminster Business Forum Insurance event- 0925 GMT. LONDON- Bank of England regulator Andrew Gracie gives speech at cyber-security conference...

  • VENEZUELA PRESIDENT MADURO SAYS 2.8 PCT ECONOMIC CONTRACTION AND INFLATION ABOVE 64 PCT IN 2014.

  • TORONTO, Jan 21- A surprise move by the Bank of Canada to cut interest rates on Wednesday could reignite Canada's housing market and renew fears of a bubble, just as the market had finally begun to cool after a five-year run to record prices. makes up about 11 percent of Canada's GDP and about one quarter of Canadian exports in 2013.. Canada's housing market paused in...

  • Jan 21- Memory chipmaker SanDisk Corp forecast current-quarter and full-year 2015 revenue well below Wall Street expectations, saying it would be unable to meet demand for flash memory storage chips until mid-year due to lean inventory levels. SanDisk's failure to add production capacity in the past two years has led to the weaker-than-expected forecast,...

  • LONDON, Ontario, Jan 21- A stunning rate cut by the Bank of Canada may be the just the thing Canadian Prime Minister Stephen Harper needs to preserve a promised budget surplus as he heads into an election campaign dominated by plunging oil prices and faltering economy. "The symbolism of being able to campaign on a surplus is very important to the Conservatives,...

  • Congress, President Barack Obama headed to the conservative heartland on Wednesday to promote his plans for bolstering the middle class. Obama left Washington for a two-day trip to Idaho and Kansas to push his message that everyone should stand to gain from an economy that has all but recovered from years in the doldrums. To a crowd of more than 6,000 in a stadium...

  • BRASILIA, Jan 21- Brazil hiked interest rates on Wednesday to maintain its aggressive pace of monetary tightening, leaving the door open for more rate hikes in an effort to arrest high inflation and regain the trust of investors. However, a widening fiscal gap and the rapid pace of inflation has forced Brazil's central bank to row against the current tide of...

  • Jan 21- Memory chipmaker SanDisk Corp forecast current-quarter and full-year 2015 revenue well below Wall Street expectations, saying it would be unable to meet demand for flash memory storage chips until the mid-year, due to lean inventory levels. Shares of the company, which supplies memory chips for Apple Inc's iPhones, fell about 8 percent to $74.05 in...

  • Staff launched a number of proposals at a meeting of the Financial Stability Oversight Council, a group of regulators that acts to identify which parts of the financial system are "too big to fail" and would threaten the overall system if they landed in trouble. The acknowledgement that the process could be improved comes at a critical time, as insurer MetLife...

  • Jan 21- More than 4,000 employees of American Express Co will lose their jobs over the next year as part of a restructuring program at the credit card company, a spokeswoman said. This will occur over the course a year throughout the organization, " Marina Hoffmann Norville, a spokeswoman for American Express, said in an email. It said American Express would continue...

  • FRANKFURT, Jan 22- The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation. The broader, 25- member policymaking Governing Council will discuss the proposal on Thursday before ECB President Mario Draghi...

  • SYDNEY, Jan 22- The Canadian dollar languished at its lowest in nearly six years early on Thursday, having suffered a massive drop after the Bank of Canada stunned markets by cutting interest rates. The surprise easing came as the European Central Bank is widely expected to launch a large-scale sovereign bond-buying program. The Canadian dollar skidded almost...

  • WASHINGTON, Jan 21- Even in an era of shrinking U.S. military spending, the U.S. Defense Department remains reluctant to see further consolidation among big U.S. weapons makers, Northrop Grumman Corp Chief Executive Wes Bush said on Wednesday. "I haven't seen any evidence that the department is thinking about things differently, but it will always come down to the...

  • UPDATE 1-Raymond James revenue slips from prior quarter Wednesday, 21 Jan 2015 | 5:51 PM ET

    NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, a 6 percent rise over last year, but a 3 percent drop from the record high revenue posted in the prior quarter. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for...