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  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a spending bill that funds most of the federal government through Sept. 30, 2015, avoiding a shutdown fight over President Barack Obama's immigration action. Congress must pass a federal government spending bill by Dec. 11 to avoid a shutdown.

  • *Veolia sorts platinum, palladium, rhodium from road debris. PARIS, Dec 2- French firm Veolia is recycling precious metals worth 100,000 pounds each year from dust swept off British streets and plans to recover more by opening two new plants. Every day, catalytic converters in cars spit out minute particles of platinum, palladium and rhodium, which end up in road...

  • WASHINGTON, Dec 2- The Republican lawmaker who will soon become the top tax law writer in the U.S. House of Representatives on Tuesday said dozens of temporary federal tax breaks would be renewed for one year, setting aside any effort to restructure them. A tentative deal to change how Congress handles them collapsed last week after a White House veto threat.

  • *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. While oil fell 1 percent to $68.35 per barrel- extending a decline that has taken the commodity down...

  • *Gazprom plans to redirect pipeline to Turkey. MOSCOW, Dec 2- President Vladimir Putin's decision to drop the South Stream pipeline project is a blow but not an end to Russia's search for ways to get natural gas to Europe without going through Ukraine. Some experts say Russia could have saved billions of dollars by continuing to ship gas through Ukraine and...

  • Dec 2- RadioShack Corp said it received a notice from lender Salus Capital Partners accusing it of breaching covenants on a $250 million term facility, claims the troubled electronics retailer called "wrong and self serving." Trading in RadioShack's shares was halted. The claims were related to a recapitalization and investment agreement and amendment to the...

  • CHICAGO, Dec 2- U.S. chief executive officers are more pessimistic about their spending plans and the outlook for the economy, but are more bullish on their hiring prospects, according to a quarterly survey from the Business Roundtable released on Tuesday. "The economy ended the year essentially where it started- performing below its potential," Randall...

  • US CEOs gloomier on spending, more bullish on hiring Tuesday, 2 Dec 2014 | 11:05 AM ET

    CHICAGO, Dec 2- U.S. chief executive officers are more pessimistic about their spending plans and the outlook for the economy, but are more bullish on their hiring prospects, according to a quarterly survey from the Business Roundtable released on Tuesday. "The economy ended the year essentially where it started- performing below its potential," Randall...

  • NEW YORK, Dec 2- The dollar rebounded on Tuesday, supported by a retreat in oil prices that has helped to lift it against commodity-linked currencies. In mid-morning New York trade, the dollar index reached a 4-1/ 2 year high, while the greenback gained 1 percent against the Norwegian crown and hit a fresh 7- year high against the yen. "The dollar is benefiting from a...

  • Stephen Hawking hails "life changing" speech upgrade Tuesday, 2 Dec 2014 | 11:02 AM ET

    LONDON, Dec 2- Theoretical physicist Stephen Hawking can communicate with the world faster and easier thanks to new technology from Intel Corp and SwiftKey which replaces the decades-old platform that made his computerised voice recognisable around the world. Intel said it had been working on the new platform, called ACAT, in collaboration with Hawking for...

  • DETROIT, Dec 2- Five of the top six automakers sold more cars and trucks in November than analysts expected, with a surging economy, heavy discounting and falling fuel prices luring consumers into U.S. showrooms. Chrysler Group sales rose 20.1 percent to 170,839 vehicles on strong showings by its Jeep brand and Ram pickup trucks, the unit of Fiat Chrysler...

  • *Saipem, Salzgitter slide as Russia scraps pipeline project. BP featured among the top gainers, up 3.6 percent, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Shares in Italian oil services group Saipem and German steelmaker Salzgitter bucked the trend, tumbling 8.6 percent and 8 percent respectively after Russia...

  • Treasuries, which posted strong returns during November, also declined on Monday, when Medtronic Inc priced $17 billion of senior notes. "There is a lot of corporate issuance that's being hedged and that's applying a lot of pressure," said Sean Murphy, a Treasuries trader at Societe Generale in New York. According to IFR, a unit of Thomson Reuters, Bank of America and...

  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a spending bill that funds most of the federal government through Sept. 30, 2015, avoiding a shutdown fight over President Barack Obama's immigration action. Congress must pass a federal government spending bill by Dec. 11 to avoid a shutdown.

  • Dec 2- RadioShack Corp said lender Salus Capital Partners' claims that the troubled electronics retailer breached covenants on a $250 million term facility were "wrong and self serving." Trading in RadioShack's shares was halted. The claims were related to a recapitalization and investment agreement and an amendment to the company's credit facility on Oct. 3,...

  • TORONTO/ WINNIPEG, Manitoba, Dec 2- Cargill, Canada's biggest beef processor, is recalling ground beef sold by Wal-Mart Stores Inc that may be contaminated with E. coli, the Canadian Food Inspection Agency said on Tuesday. The agency said there have not been any reported illnesses associated with Cargill Meat Solutions' "Your Fresh Market" brand beef, which was sold...

  • *Britain, Luxembourg, HK among new issuers this year. The United Kingdom, Hong Kong and Luxembourg- all ranked at least AA by rating agencies- issued sharia-compliant financial instruments, or sukuk, for the first time in 2014. They gave a huge boost to a market which was once just seen as a funding tool for borrowers from the Gulf and Muslim countries in southeast...

  • Dec 2- Biogen Idec Inc's research chief on Tuesday said the company was planning a late-stage trial of its experimental treatment for Alzheimer's disease after the drug cut brain plaque levels and improved cognition in a small early-stage study. Shares of Biogen were up 6.8 percent in morning trading on the Nasdaq. Douglas Williams said at the Deutsche Bank...

  • WASHINGTON, Dec 2- U.S. construction spending rose more than expected in October as both private and public outlays increased, which could ease concerns of a sharp slowdown in fourth-quarter economic growth. Construction spending rose 1.1 percent, the largest gain since May, to an annual rate of $970.99 billion, the Commerce Department said on Tuesday.

  • US STOCKS-Wall St rises, but oil continues to weigh Tuesday, 2 Dec 2014 | 9:59 AM ET

    *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose modestly on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. U.S. crude futures fell 2 percent to $67.58 per barrel, contributing to the 0.5 percent...