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  • Dec 8- U.S. economic growth is expected to pick up next year, driving down the unemployment rate, but inflation is seen slowing slightly, according a survey published Monday by the Federal Reserve Bank of Chicago. The forecasts, from manufacturers, bankers, analysts and others participating in the regional Fed bank's annual outlook symposium last week, also point...

  • NEW YORK, Dec 8- U.S. stocks dipped on Monday, after soft data in China and Japan raised global growth concerns, while a further drop in oil prices weighed on energy shares. Data showed China's exports grew at a slower-than-expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in the third quarter.

  • LONDON, Dec 8- Pfizer Inc is moving into the gene therapy space in the latest sign that the technology for fixing faulty genes may finally be ready for prime time, following earlier setbacks. The Spark program is expected to enter early-stage clinical trials for hemophilia B in the first half of 2015. Spark will be responsible for the early Phase I/II tests, with...

  • BERLIN, Dec 8- Airports and train stations are home to ever increasing numbers of retail outlets, serving travelers who want to buy goods on the go and brands targeting a global and mobile audience. It's about squeezing it in to our hectic lifestyles, "said Ben Perkins, consumer expert at consultants Deloitte. The sector is enjoying 10 percent annual growth and...

  • WASHINGTON, Dec 8- The U.S. Supreme Court on Monday rejected BP's challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill, which the oil giant said allowed certain businesses to get payouts despite being unable to trace their losses to the disaster. So far, BP has paid $2.3 billion in so-called business economic loss claims out of $4.25 billion in...

  • *Yields fall from two-week highs on global growth fears. *Five-year, 30- year yield curve flattest in six years. NEW YORK, Dec 8- U.S.

  • SUPREME COURT REJECTS BP CHALLENGE TO GULF OF MEXICO SPILL SETTLEMENT AGREEMENT.

  • Dec 8- Oil and gas producer ConocoPhillips said its capital budget for 2015 would drop 20 percent to $13.5 billion, amid a steep decline in global crude prices. ConocoPhillips said it would "defer significant investment" in the Montney and Duvernay fields in Canada, the Permian Basin in Texas and the Niobrara shale field, which extends over Colorado, Wyoming,...

  • NEW YORK, Dec 8- U.S. stocks were poised for a lower open on Monday, putting the S&P 500 on track to pull back from its latest record high, as soft data in China and Japan kindled global growth concerns. Economic data showed China's exports rose at a slower than expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in...

  • Dec 8- TriMas Corp said it will spin off its truck and trailer accessories unit Cequent into a stand alone company. Cequent, which makes towing products such as brake controllers, trailer hitches and tow bars, had about $614 million in revenue in the 12 months to Sept. 30. TriMas said it expected to complete the tax-free transaction during the middle of next year.

  • Canada rail safety jobs vacant as budget cuts bite Monday, 8 Dec 2014 | 9:00 AM ET

    Rail safety is in focus with the boom in oil shipments and a spate of derailments across North America, and the vacancies create a safety risk, industry experts and Canada's public engineers' union say. The chair of the Transportation Safety Board, Kathy Fox, says there is risk of a spill as long as the government fails to address its oversight weaknesses and...

  • Dec 8- McDonald's Corp reported a steeper-than-expected fall in global same-restaurant sales in November and said current-quarter results would be hurt by the after-effects of a supplier scandal in China and a stronger dollar. The world's largest restaurant chain has been battling competition from Wendy's Co and Burger King Worldwide Inc as well as from...

  • LONDON, Dec 8- Italy's borrowing costs rose slightly on Monday after its credit rating was cut nearly to junk though prospects of stimulus from Europe's central bank tempered the increase. Standard& Poor's downgraded Italy's rating to BBB- from BBB late on Friday, saying weak growth and poor competitiveness undermined the sustainability of its huge public...

  • Dec 8- ConocoPhillips set a capital budget of $13.5 billion for 2015, a 20 percent drop from its 2014 spending plans, amid a steep decline in global crude prices.

  • LONDON, Dec 8- Copper and other base metals fell on Monday after weak Chinese trade data, a warning about the European economy and a stronger dollar. "The market seems to be trading on macro signals," Citi analyst David Wilson said. "But I think people are too pessimistic on China."

  • Dec 8- Teen apparel retailer Delia* s Inc filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets. Delia* s said on Monday Salus Capital Partners LLC will give it a $20 million debtor-in-possession credit facility to continue operations, conduct store closings and closeout sales. The case is In re: Delia* s Inc, U.S....

  • MOSCOW, Dec 8- The rouble and Russian shares fell on Monday as the oil price tumbled to a five-year low and the central bank appeared to refrain from interventions in the currency market. The price for Brent crude was down almost 3 percent at 67.15, having earlier dipped below $67 per barrel for the first time since September 2009. "The rouble only has one support-...

  • LONDON, Dec 8- In the next few months, everyone in the oil market will be intently watching the volume of new drilling activity in the shale plays of the United States for any signs of a slowdown in response to the fall in oil prices. But just three account for almost all the rise in oil output since 2009 and nearly two thirds of all rigs in operation: the combined...

  • --Neal Kimberley is an FX market analyst for Reuters. LONDON, Dec 8- As long as the European Central Bank remains vague about plans for further asset purchases, the euro could weaken, while clarity and a firm timetable for bond buying could prompt demand for the single currency. The forex market knows the euro zone is experiencing "a massive weakening" in its economy, as...

  • NEW YORK, Dec 8- U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its latest record high, as soft data in China and Japan kindled global growth concerns. *Economic data showed China's exports rose at a slower than expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in the third...