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  • The decrease means Boeing will produce two fewer airplanes per year, Boeing said. The 747-8, a stretched and updated version of the two-deck, four-engine plane Boeing debuted in 1970, has attracted only 119 total orders since its 2005 launch, with 68 of those orders for cargo versions and the remainder for passenger jets, according to Boeing's website.

  • LONDON, Dec 9- Copper rose more than 1 percent on Tuesday as the dollar plunged across the board, lifting aluminium off multi-month lows hit earlier on concerns over excess supply and more weak economic signals from China. "What happened in China overnight spooked the market but with the dollar continuing to weaken, that lifted base metals," said William Adams, head...

  • NEW YORK, Dec 9- Nissan North America has agreed to reimburse customers between $20 and $800 each to resolve a lawsuit alleging that defects in certain vehicles caused brakes to fail suddenly, according to court papers. Under the agreement, Nissan, the U.S. subsidiary of Japan- based Nissan Motor Co Ltd, would reimburse class members between $20 and $800, depending...

  • Longtime Madoff aide Bongiorno gets 6 years in prison Tuesday, 9 Dec 2014 | 12:16 PM ET

    Annette Bongiorno, who worked for Madoff since the 1960 s, was the second of five former employees to be sentenced, following their convictions in March by a Manhattan federal jury of securities fraud, conspiracy and other charges.

  • *Brent hits low of $65.29/ barrel before rebounding. NEW YORK, Dec 9- Brent prices were up on Tuesday after a 5- year low and five straight days of losses and U.S. crude also rose as players sought a sustainable price for oil in a market haunted by oversupply concerns. Brent was up 57 cents at $66.76 a barrel by 11:53 a.m. EST after falling as low as $65.29, its weakest...

  • Dec 9- Abercrombie& Fitch Co Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm. Because I think that shift had already begun, " Simeon Siegel, a top-rated analyst from Nomura Equity Research, told...

  • OIL PRODUCTION FORECAST FOR 2015 BY 100,000 BPD TO 9.3 MILLION BPD.

  • FACTBOX-Greece's upcoming presidential vote Tuesday, 9 Dec 2014 | 12:04 PM ET

    ATHENS, Dec 9- By bringing forward a parliamentary vote to elect a new head of state, Greek Prime Minister Antonis Samaras is betting his political future and that of his weary nation in a gamble to be played out over the next three weeks. The presidential vote will be held in three rounds, on Dec. 17, Dec. 23 and Dec. 29. His candidate is almost certain not to be able to cross...

  • WASHINGTON, Dec 9- Congressional negotiators raced on Tuesday to wrap up several policy disputes over a $1.1 trillion spending bill as a midnight Thursday deadline to avert a U.S. government shutdown drew closer. Senator Richard Shelby, the top Republican on the Senate Appropriations Committee, said it was possible passage of the measure could stretch to the...

  • SAO PAULO, Dec 9- Retail sales in Brazil probably rose in October for the third straight month, according to a Reuters survey of economists, extending a weak recovery but remaining vulnerable to a plunge in consumer confidence. Household spending, which represents nearly two-thirds of Brazil's economy, has dropped in each of the first three quarters of 2014,...

  • NEW YORK, Dec 9- Boeing Co said on Tuesday it will cut production of its iconic 747-8 jumbo jet to 1.3 planes per month from 1.5 per month, starting in September 2015. The planned decrease means Boeing will produce two fewer airplanes per year, Boeing said. The cut is being made "because the near-term recovery in the cargo market has not been as robust as expected," Boeing...

  • WASHINGTON, Dec 9- U.S. wholesale inventories rose more than expected in October, prompting some economists to raise their growth forecasts for the fourth quarter. The Commerce Department said on Tuesday wholesale inventories increased 0.4 percent, despite an energy price-related decline in the value of petroleum stocks. Barclays raised its...

  • Dec 9- Canadian fund manager AGF Management Ltd said it would slash its quarterly dividend by 70 percent to 8 Canadian cents per share, the first cut in more than two decades, sending its shares down more than 17 percent to a more than five-year low. AGF, one of Canada's largest independent fund managers, maintained its dividend of 27 Canadian cents per share for the...

  • NEW YORK, Dec 9- Investors aggressively sold equities worldwide on Tuesday, after China's market posted its worst day in five years and oil prices fell to levels not seen since 2009.. Oil prices have been under pressure as the dollar has strengthened and after the Organization of the Petroleum Exporting Countries decided against an output cut.

  • OTTAWA, Dec 9- The Canadian government introduced legislation on Tuesday to give the country's competition watchdog the power to embarrass companies that charge more for products in Canada than they do in the United States. "This legislation will not set or regulate prices in Canada," Industry Minister James Moore said at a Toys R Us store in Toronto.

  • NEW YORK, Dec 9- Analysts at Bank of America/Merrill Lynch said on Tuesday they expect the S&P 500 to hit 2,200 at the end of 2015.. That increase would translate into a 6.78 percent gain from the close on Monday, following a 29.6 percent gain in 2013 and a gain so far this year of 11.5 percent. Gross domestic product is seen growing at a 3.3 percent rate next year, while...

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1600 GMT /1100 ET Tuesday, 9 Dec 2014 | 11:45 AM ET

    LONDON- Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares. LONDON- Greek share and sovereign bond markets plunge after the government brings forward a presidential vote, in a political gamble that heightens uncertainty over the country's...

  • *Says 2014-15 trading profit will not exceed 1.4 bln stg. *Analysts had expected profit of around 1.9 bln stg. LONDON, Dec 9- Tesco slashed its profit forecasts for the fourth time in five months as its new boss took costly measures to rebuild the British grocer after its recent accounting scandal and dramatic loss of customers in an increasingly cut-throat market.

  • *Greece may get credit line till February- Schaeuble. If Samaras fails to secure victory in parliament for his presidential candidate, snap national elections will be called that the leftist Syriza party- a fierce opponent of Greece's bailout deal with the European Union and IMF- is likely to win. The Athens general stock index tumbled 12.8 percent, its biggest...

  • Judge orders Uber to cease operations in Spain Tuesday, 9 Dec 2014 | 11:42 AM ET

    MADRID, Dec 9- A Madrid judge has ordered U.S.-based online car booking company Uber to cease operations in Spain, the latest ban on the popular service. The judge on Tuesday imposed an injunction on services after a request by the Madrid Taxi Association, which is preparing a legal case against Uber accusing it of unfair competition. The company also faces legal...