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  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • LOS ANGELES, Dec 15- Executives at Sony Corp's Hollywood movie studio sought to reassure employees on Monday that the studio would recover from a massive cyber attack that exposed internal emails and sensitive employee data. Lynton told employees they should not worry about the studio's future, a Sony spokeswoman said. Disclosures from the documents have...

  • WASHINGTON, Dec 15- The U.S. Securities and Exchange Commission moved on Monday to dismiss insider-trading proceedings against a man accused of illegally trading in Herbalife. The SEC's enforcement division sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the March 16, 2015 trial, according to...

  • ATHENS, Dec 16- Greece's anti-bailout Syriza party is more popular than Prime Minister Antonis Samaras' New Democracy but its lead has narrowed, an opinion poll showed early on Tuesday, a day ahead of the first round of a crucial presidential vote. The survey conducted by GPO pollsters for MEGA TV showed support for Alexis Tsipras' Syriza at 28 percent versus New...

  • TORONTO, Dec 15- The parent of Canada's Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto's Billy Bishop Airport, according to three sources familiar with the process. One of the sources familiar with the process said at least two separate bids are expected this week from pension fund manager Alberta Investment Management Corp...

  • TOKYO, Dec 16- The Russian rouble rebounded from record lows on Tuesday after the Russian central bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen. U.S. crude futures fell 3.3 percent on Monday after OPEC once again said it will not cut oil output...

  • NYMEX-U.S. crude holds near 5-year low below $56/bbl Monday, 15 Dec 2014 | 7:02 PM ET

    TOKYO, Dec 16- U.S. crude futures were trading on Tuesday below $56 a barrel and near a 5- year low hit in the prior session, dropping for a fifth session after the UAE oil minister said there was no need for an emergency OPEC meeting to support prices. *NYMEX crude for January delivery was down 22 cents at $55.69 a barrel by 2334 GMT, after settling down $1.90, or 3.3...

  • WASHINGTON, Dec 15- The U.S. Securities and Exchange Commission moved on Monday to dismiss insider-trading proceedings against a man accused of illegally trading in Herbalife. The SEC's enforcement division sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the March 16, 2015 trial, according to...

  • SEATTLE, Dec 15- Seattle police searched for explosives at Amazon.com' s headquarters after a threatening letter was found at a company building just north of the city's downtown district, but found nothing, authorities said on Monday. Amazon building security contacted Seattle police at 10:30 a.m. local time after staff found a note inside a bathroom at one...

  • UPDATE 1-U.S. Senate approves new surgeon general Monday, 15 Dec 2014 | 6:53 PM ET

    The Senate will vote on Tuesday on another contentious nominee, Sarah Saldana. The Senate scheduled votes on Murthy, Saldana and three other nominees for Monday and Tuesday as part of Majority Leader Harry Reid's push to get nominations through the Senate before it goes home for the year. Last year, Democrats infuriated Republicans by changing Senate rules so...

  • TOKYO, Dec 16- Oil prices continued to slide on Tuesday, while the rouble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The dour mood kept equities down in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.1 percent in early trade. Sales of oil and gas are Russia's...

  • MOSCOW, Dec 16- Russia's central bank raised its key interest rate to 17 percent in the early hours of Tuesday morning in an emergency move to halt a collapse in the rouble as oil prices decline and the country's sanctions-hit economy slides towards recession. The decision is effective from Dec. 16 and brings the cumulative increase in the one-week minimum...

  • UPDATE 1-Crocs appoint Gregg Ribatt as CEO Monday, 15 Dec 2014 | 6:19 PM ET

    Dec 15- Crocs Inc, known for its colorful clog shoes, said it appointed Gregg Ribatt as chief executive, effective late January 2015. Crocs had reported a fall in third-quarter sales from Asia-Pacific, a region that contributes about 40 percent of total revenue. The company had said it would hire a CEO with a focus on earnings growth after John McCarvel retired in...

  • BEIJING/ OTTAWA, Dec 15- Canada is set to finalize a deal with China to return ill-gotten assets seized from those suspected of economic crimes, the official China Daily reported on Monday, as Beijing works to track down corrupt officials who have fled overseas. With the deal, Canada, one of the top two destinations for suspected economic fugitives from China, would...

  • NEW YORK/ SEATTLE, Dec 15- Corporate lobbyists, news organizations and academics joined forces with Microsoft Corp on Monday in the software company's legal battle with the U.S. government over access to customer data stored overseas. The diverse set of interests filed briefs with a federal appeals court in New York, urging it to reverse a judge's order that...

  • MOSCOW, Dec 16- The Russian central bank said it has decided to hike its key interest rate to 17 percent from 10.5 percent. "This decision is aimed at limiting substantially increased rouble depreciation risks and inflation risks," the central bank said in a statement. The decision is effective from Dec 16.

  • NEW YORK, Dec 15- A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme. JoAnn Crupi, 53, was the last of five former Madoff employees to be sentenced after a Manhattan federal jury found them guilty in March in the first criminal trial over...

  • SEATTLE, Dec 15- Seattle police are searching for explosives at Amazon.com' s headquarters after a threatening letter was found at one of the company's buildings just north of the city's downtown district, authorities said on Monday. Amazon building security contacted Seattle police at 10:30 a.m. local time after staff found a note inside a bathroom at one of...

  • WASHINGTON, Dec 15- Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina...

  • Crocs appoint Gregg Ribatt as CEO Monday, 15 Dec 2014 | 5:18 PM ET

    Dec 15- Crocs Inc, known for its colorful clog shoes, said it appointed Gregg Ribatt as chief executive, effective late January 2015. The company had said it would hire a CEO with a focus on earnings growth after John McCarvel retired in April. Up to Monday's close, the Niwot, Colorado- based company's stock has fallen more than 23 percent this year.