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  • NEW YORK, Nov 17- The U.S. dollar gained against the euro and a basket of currencies on Monday after European Central Bank officials spoke of possible further actions to boost the region's struggling economy and Japan unexpectedly slipped into recession. "It tells you the intensity of the carry trade, central banks are trying to force people out of their currency,"...

  • Nov 17- Botox maker Allergan Inc on Monday accepted a $66 billion takeover bid from Actavis Plc, ending a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International Inc.. Besides the higher price tag, the Actavis deal came with only $400 million in R&D cuts for Allergan, far less than the $900 million decrease...

  • SAN FRANCISCO, Nov 17- Upcoming bracelets with technology from Intel Corp and design cues from fashion brand Opening Ceremony will connect the wearer with Facebook, Google and Yelp via an AT&T data plan without having to carry a smartphone. As well as lapis stones, obsidian and an 18 k gold coating, the devices include a sapphire curved screen on the inside of the...

  • NEW YORK, Nov 17- Enhancing ethnic diversity on the world's financial trading floors is a recipe for deflating devastating bubbles and increasing profits, data from a new study showed on Monday. What we show is that it can economically also be valuable in market efficiency terms, "said David Stark, professor of sociology and international affairs at Columbia...

  • *Brent falls toward $78 as Japanese growth stalls. NEW YORK, Nov 17- Oil prices fell and global equity markets were mixed on Monday after news that Japan unexpectedly slipped into recession in the third quarter renewed concerns about the world economy, but merger activity and comment about European stimulus capped declines. Brent oil initially fell more than $1...

  • Nov 17- American Specialty Alloys said it plans to build a $1.2 billion aluminum mill in southeastern United States to tap into rising demand from the automotive industry. Boggs is making the switch to aluminum after almost a quarter of a century working in engineering and technology development for major steel producers including AK Steel, Severstal's...

  • WASHINGTON, Nov 17- Supporters of the Keystone XL pipeline in the U.S. Senate scrambled on Monday to gather votes to pass a bill that authorizes the project to help send Canadian oil to the U.S. With her chamber stuck at 59 votes in favor of Keystone XL, Senator Mary Landrieu, a Louisiana Democrat, worked hard to gather one last vote needed to pass a bill that the House of...

  • NEW YORK, Nov 17- Former customers of Bernard Madoff may soon recover an additional $496.8 million as a result of a settlement with two "feeder funds" that was announced on Monday by the trustee liquidating the swindler's firm. The settlement, with the Herald Fund SPC and Primeo Fund, both based in the Cayman Islands, is one of the largest obtained by the trustee,...

  • *Baker Hughes rallies, Halliburton tumbles after deal. Shares of Baker Hughes, up 10.2 percent, and Allergan, up 5.1 percent, led gains on the S&P 500 after Halliburton said it would buy Baker Hughes and Allergan agreed to be bought by Actavis. The largest percentage gainer on the S&P 500 was Baker Hughes, while the largest decliner was Halliburton, down 10.1 percent.

  • TORONTO, Nov 17- The Canadian province of Ontario said on Monday it continues to project a deficit of C $12.5 billion in fiscal 2014-15, with a balanced budget expected in 2017-18, unchanged from the forecasts in the Liberal government's July budget. In his fall fiscal update, Finance Minister Charles Sousa said there are signs economic growth in the province...

  • *Rosneft chief Vienna visit sparks OPEC coordination talk. The surprise announcement from the state-backed firm raised speculation that Sechin, a close ally of President Vladimir Putin, will discuss coordinating with OPEC to try stem the near 30 percent drop in oil prices since June. Previous overtures between the producer group and Russia, the largest oil...

  • Mercedes, BMW cooperate on suppliers in Mexico Monday, 17 Nov 2014 | 2:02 PM ET

    FRANKFURT, Nov 17- Daimler is working with rival BMW to build a network of suppliers for new factories in Mexico, Klaus Zehender, divisional board member for procurement and supplier quality at Daimler's Mercedes-Benz said on Monday. The move is part of a broader push by Mercedes-Benz to deepen its network of local suppliers at factories in China, South Africa,...

  • BAGHDAD, Nov 17- OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Skepticism that OPEC will cut supply when it meets on Nov. 27 have also weighed on the prices. Venezuela, Ecuador and a Libyan OPEC official have called for OPEC to cut output, and so far only Kuwait and Iran have...

  • Armyworm resistance to GMO crops seen in U.S. -study Monday, 17 Nov 2014 | 2:00 PM ET

    The evolution of insect resistance "is a great threat" long- term to the sustainability of the GMO crop biotechnology that has become a highly valued tool for many U.S. farmers, according to Fangneng Huang, an entomologist at Louisiana State University and lead researcher for a three-year study. The research documents resistance by fall armyworms in the...

  • NEW YORK, Nov 17- Takata Corp and Honda Motor Co were hit Monday with a lawsuit over an air bag linked to the death last month of a woman in Florida, the latest legal issue for the companies as they continue to recall millions of vehicles for the faulty part. "A Honda spokesman said the company had not seen the suit and could not yet comment. Tran's death is the most recent...

  • NEW YORK, Nov 17- Actavis will issue around US $27.5 bn of new debt to finance its US $66 bn acquisition of Botox-maker Allergan, but about half of it will be short-dated to help the company keep its investment-grade ratings. Both Moody's and Fitch said they would not downgrade Actavis to junk despite the increased debt, believing strong cash flow will enable it to...

  • WASHINGTON, Nov 17- Supporters of the Keystone XL pipeline in the U.S. Senate on Monday scrambled to gather votes to pass a bill that authorizes the project to help send Canadian oil to the U.S. With her chamber stuck at 59 votes for Keystone XL, Senator Mary Landrieu, a Louisiana Democrat, worked hard to gather one last vote needed to pass a bill that the House of...

  • NEW YORK/ LONDON, Nov 17- Gold retreated from a two-week high hit earlier on Monday as the dollar rose on news that Japan had slipped into recession, and strong technical resistance could also further limit bullion's gains in the near term, analysts said. "The next technical hurdle for gold will be its 50- day moving average, which has been acting as its stubborn...

  • *Novartis already has Google contact lens, smart pill deals. LONDON, Nov 17- Talent spotters from Novartis AG, charged with bringing new ideas into the organisation, are casting their net beyond biotech into the wider pool of wearable, or even edible, technology. The Swiss group has already taken tentative steps, signing a deal with Google Inc in July to develop...

  • NEW YORK, Nov 17- Billionaire Steven A. Cohen can face questions about insider trading at his hedge fund SAC Capital Advisors from lawyers representing his ex-wife in a civil lawsuit against him, a U.S. judge said on Monday. District Judge Loretta Preska at a court hearing in Manhattan ruled that lawyers for Patricia Cohen can ask Steven Cohen during a Dec. 10...