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  • Paul Glassman, San Bernardino's bankruptcy attorney, told the federal judge overseeing the city's bankruptcy that a rejection by voters on Tuesday of a pay-cutting ballot measure for police and firefighters was a "gamechanger" that had thrown the restructuring plan off track. Lawyers for San Bernardino's police and fire unions reacted with dismay and anger...

  • Nov 6- Home Depot Inc, the world's largest home improvement chain, said about 53 million email addresses were stolen during a recent breach of its payment data systems, in addition to some 56 million payment cards previously disclosed by the retailer. Home Depot, which had estimated that the breach would cost about $62 million, was one of a string of U.S. retailers...

  • DETROIT, Nov 6- Honda Motor Co said it will recall an undisclosed number of U.S. cars from model years 2001 to 2006 to replace potentially defective Takata Corp air bags. Honda did not provide an exact total. Honda said no injuries or fatalities related to the issue have been confirmed.

  • -Lipper@ NEW YORK, Nov 6- Investors in U.S.-based funds added a net $15.4 billion to stock funds in the week ended Nov. 5, data from Thomson Reuters Lipper service showed on Thursday. The ETF inflows were "mostly due to institutional investors hedging some of their short positions that they may have made," said Barry Fennell, a senior analyst with Lipper.

  • Nov 6- Salix Pharmaceuticals Ltd slashed its full-year forecast and said inventory for its key drugs piled up, sending its shares down nearly 36 percent after the bell. Inventory as of Sept. 30 was $155 million, up about 50 percent since the beginning of the year. The company also reported a net loss of $88.6 million, or $1.39 per share, for the third quarter ended Sept....

  • U.S. regulators to join UK in forex fines for banks Thursday, 6 Nov 2014 | 6:15 PM ET

    WASHINGTON/ LONDON, Nov 6- U.S. regulators plan to join their UK peers in a multi-billion-dollar settlement with a group of the biggest global banks accused of manipulating the foreign exchange market, sources familiar with the matter said, adding the deal could come as early as next week. The U.S. Office of the Comptroller of the Currency and the Federal Reserve,...

  • LOS ANGELES, Nov 6- Walt Disney Co said on Thursday it will extend one of Pixar's most successful film franchises by making "Toy Story 4" for release in 2017, directed by John Lasseter. Iger called 2010' s "Toy Story 3" a "tremendous success" with more than $1 billion at the global box office and $10 billion in retail sales. "Toy Story" was the first feature film made by Pixar...

  • Senator Carl Levin's powerful committee will hold a two-day hearing later this month on Wall Street banks' ownership of physical commodities and assets from pipelines to warehouses, touching off a two-year probe into potential market abuses. The third such hearing by lawmakers on the hot issue will likely renew scrutiny of banks, including JPMorgan Chase& Co,...

  • LIMA, Nov 6- The government of Peruvian President Ollanta Humala is evaluating tax reforms to stimulate anemic economic growth and has not ruled out trimming the corporate tax rate from 30 percent, the finance minister said on Thursday. Finance Minister Alonso Segura told Reuters the government will announce potential changes to the tax system by the end of...

  • CHICAGO, Nov 6- Illinois' Republican governor-elect bulked up his transition team on Thursday, but skirted questions on how he plans to deal with a $1.8 billion hole in the budget he will inherit in January. Fitch Ratings on Thursday warned that Illinois needs to address the mismatch between spending and revenue, saying in a report that "inaction would be a return...

  • RIO DE JANEIRO, Nov 6- State-run Brazilian oil producer Petrobras raised its wholesale gasoline and diesel prices for the first time in more than 11 months on Thursday in a move that could bolster the finances of the heavily indebted company after years of refining losses. The cost of gasoline at the refinery gate will rise 3 percent and diesel 5 percent...

  • Nov 6- Bank of America Corp tripled its third-quarter loss to $232 million as it faced additional legal costs related to global investigations into foreign exchange trading at major banks. Bank of America said it was in advanced discussions with U.S. banking regulators to resolve matters related to the business. JPMorgan Chase& Co, Citigroup Inc, HSBC Holdings...

  • Nov 6- Radio frequency chip supplier Skyworks Solutions Inc forecast better-than-expected revenue in the current quarter, helped by increased demand from smartphone makers, particularly Apple Inc.. Apple sold 10 million of its latest iPhones in the first weekend after the new, larger phone models went on sale in 10 countries on Sept. 19. Apple and Skyworks do...

  • WASHINGTON, Nov 6- A group representing for-profit colleges on Thursday filed a lawsuit against the Obama administration's new gainful employment rules that aim to protect students from lackluster degrees and huge debt loads. The Association of Private Sector Colleges and Universities, representing 1,400 institutions, filed the suit at the U.S. District...

  • FRANKFURT, Nov 6- Responding to a dizzying array of issues that threaten to break the Internet, from privacy to tax dodging to cybercrime, a group of the world's leading governance organisations say greater user involvement, not top-down control, is needed. Three organisations-- Brazil's Internet Steering Committee, Internet Corporation for Assigned Names and...

  • While manufacturers such as DuPont and Lakeland Industries Inc have increased production capacity, some are unable to keep up. DuPont has more than tripled its production, first to address the "unprecedented level of demand" in Liberia, Sierra Leone and Guinea, DuPont spokeswoman Sandra James said by email. DuPont is prioritizing orders for people in direct...

  • Nov 6- Walt Disney Co reported a better-than-expected 7 percent increase in quarterly revenue, driven by hit movies "Guardians of the Galaxy" and "Maleficent." Disney's shares were off 1.3 percent at $90.85 in extended-trading, after closing at a record high of $92 on Thursday. Net income attributable to Walt Disney rose to $1.50 billion, or 86 cents per share in...

  • Nov 6- Home Depot Inc, the world's largest home improvement chain, said about 53 million more email addresses were taken during a recent breach of its payment data systems. This suggests the hacking attack was larger than last year's breach at Target Corp.. The hackers then acquired "elevated rights" that allowed them to navigate parts of Home Depot's network and...

  • Salix Pharmaceuticals profit, revenue miss estimates Thursday, 6 Nov 2014 | 5:10 PM ET

    Nov 6- Salix Pharmaceuticals Ltd reported a lower-than-expected quarterly profit and revenue. The company reported net loss of $88.6 million, or $1.39 per share, for the third quarter ended Sept. 30, compared with net income of $47.3 million, or 71 cents per share, a year earlier. Analysts on average had expected a profit of $1.55 per share on revenue of $392.4...

  • Nov 6- Bank of America Corp tripled the size of its third-quarter loss to $232 million as it faced additional legal expenses related to its foreign exchange business. The bank said it was in advanced discussions with some U.S. banking regulators to resolve matters related to the business. The company recorded a $400 million non-deductible charge that widened...