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  • WRAPUP 2-U.S. industry shows muscle in late 2013 Friday, 17 Jan 2014 | 9:59 AM ET

    *Fourth-quarter gain in output biggest in 3-1/ 2 years. WASHINGTON, Jan 17- U.S. industrial output rose at its fastest clip in 3-1/ 2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy's brightening prospects.

  • LONDON, Jan 17- Tiny stock markets in countries such as Vietnam and Bulgaria are leaving their bigger emerging and developed peers behind, racing to multi-year or record peaks and hinting at another year of heady gains for frontier markets.

  • COLUMN-Americans are driving less: Kemp Friday, 17 Jan 2014 | 9:50 AM ET

    LONDON, Jan 17- If America's long love affair with the motor car is not exactly over, it has certainly become less intense in the past decade.

  • *Expects fourth-quarter profit/share $1.25 vs est $1.43. *Expects 2013 profit/share $4.57 vs $4.65- $4.85 forecast earlier. Jan 17- United Parcel Service Inc said its 2013 profit would miss forecasts as a flurry of orders towards the end of a shorter U.S. holiday shopping season and cold weather took a toll on service.

  • NEW YORK, Jan 17- U.S. stocks dipped at the open on Friday, in the wake of earnings from Morgan Stanley and General Electric and ahead of data on the housing market and consumer sentiment.

  • BAGHDAD, Jan 17- Iraq will take legal and other measures to punish Turkey and Iraqi Kurdistan, as well as foreign companies, for any involvement in Kurdish exports of "smuggled" oil without Baghdad's consent, the oil minister said on Friday.

  • Goldman's big Utah bet pays off handsomely Friday, 17 Jan 2014 | 9:24 AM ET
    Salt Lake City, Utah

    Goldman has been quietly moving thousands of jobs to cheaper cities like Salt Lake City in recent years, a move that's finally paying off.

  • U.S. factories close out 2013 on strong footing Friday, 17 Jan 2014 | 9:15 AM ET

    WASHINGTON, Jan 17- U.S. factory output rose a stronger-than-expected 0.4 percent in December, closing out a strong quarter in which overall industrial production advanced at its fastest clip in 3-1/ 2 years. The data from the Federal Reserve on Friday was the latest to underscore a strengthening in the economy.

  • *Morgan Stanley higher after results. NEW YORK, Jan 17- U.S. stocks were poised to open little changed on Friday, in the wake of earnings from Morgan Stanley and General Electric, and ahead of data on the housing market and consumer sentiment.

  • *London, rivals compete as offshore Chinese currency centres. LONDON, Jan 17- After a patchy two years, London appears to be making headway in its drive to become Europe's main offshore hub for trading in China's currency, potentially delivering a big boost to its financial sector and the wider British economy.

  • Jan 17- Morgan Stanley rolled forward its plan to reduce its risky assets as the Wall Street bank focuses on generating a higher return on equity, a measure where it lags its rivals. Morgan Stanley shares, which have risen 56 percent in the past year, were up about 1 percent before the opening bell.

  • Jan 17- United Parcel Service Inc estimated quarterly profit below analysts' expectations, partly due to a shorter U.S. holiday season. UPS shares fell 4 percent at $96.64 in premarket trading. The company said it expects to report a profit of $1.25 per share for the fourth quarter ended Dec. 30.

  • Jan 17- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would offer Apple Inc's iPhone 5 S and iPhone 5 C to its customers in Brazil, sending its shares up 25 percent before the bell.

  • Jan 17- Schlumberger Ltd, the world's largest oilfield services company, posted a better-than-expected fourth-quarter profit on Friday as robust international activity offset stiff competition in North America.

  • *Housing starts fall 9.8 percent in December. WASHINGTON, Jan 17- U.S. housing starts fell less than expected in December, pausing after recent strong gains that had propelled home building activity to multi-year highs. The Commerce Department said on Friday groundbreaking dropped 9.8 percent to a seasonally adjusted annual rate of 999,000- unit pace.

  • *Implementation of Iran nuclear agreement to start on Monday. VIENNA, Jan 17- Iran has about $100 billion in foreign exchange assets around the world, of which it will be able to access $4.2 billion under last year's nuclear agreement with six world powers, a senior U.S. administration official said on Friday.

  • ATHENS, Jan 17- Greece's central bank chief received two rifle bullets and a threatening letter in a mailed envelope, police said on Friday. They said a previously unknown group called People's Punishers posted the envelope to central bank Governor George Provopoulos.

  • LONDON, Jan 17- European shares reached a new 5-1/ 2 year high on Friday as a third weekly gain on the spin for Portuguese and Spanish bonds fed improving sentiment in the region's Mediterranean rim.

  • UPS expects profit below estimates Friday, 17 Jan 2014 | 8:42 AM ET

    Jan 17- United Parcel Service Inc estimated quarterly profit below analysts' expectations, partly due to a shorter U.S. holiday season. The world's No.1 package delivery company said it expects to report a profit of $1.25 per share for the fourth quarter. Analysts on average expected earnings of $1.43, according to Thomson Reuters I/B/E/S.

  • WASHINGTON, Jan 17- U.S. housing starts fell less than expected in December, pausing after recent strong gains that had pushed home building activity to multi-year highs. The Commerce Department said on Friday groundbreaking dropped 9.8 percent to a seasonally adjusted annual rate of 999,000- unit pace. It was the largest percentage decline since April.