Latest Business News Wires - Business Headlines
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RALEIGH, N.C.-- Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online.
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*IMF sets out institutional view on capital flows. *Flows helpful to countries but can be destabilizing force.
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Repsol values its 51- percent stake in YPF at $10 billion. BUENOS AIRES, Dec 3- Spanish oil major Repsol filed a complaint against Argentina at the World Bank's international arbitration forum on Monday over the government's expropriation this year of Repsol's controlling stake in YPF.
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*HMA denies admissions quotas, Medicare fraud. "Neither 60 Minutes nor the physicians interviewed identified any admission decision in which a physician's medical judgment was overridden by an HMA executive, much less to defraud Medicare," HMA said.
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NEW YORK/ LONDON, Dec 3- Raw sugar futures surged nearly 3 percent on Monday, buoyed by short-covering, the weak U.S. dollar and a broad-based advance in the commodity complex, while coffee and cocoa markets also climbed.
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LONDON, Dec 3- European shares gave up most of their gains in a late market sell-off on Monday, retreating from a 17- month high due to disappointing U.S. manufacturing data and persistent concerns about a fiscal row in the United States.
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*Repsol values its 51- pct stake in YPF at $10 billion. BUENOS AIRES, Dec 3- Spain's Repsol SA filed a complaint against Argentina before the International Center for Settlement of Investment Disputes on Monday over its nationalization of energy company YPF SA, a source familiar with the matter told Reuters.
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*Capex to be $24- $27 billion per year 2014-2020.
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*Railway says will not extend line into Wyoming, Montana. TORONTO, Dec 3- Canadian Pacific Railway will take a C $180 million charge to abandon plans to expand into the Powder River coal-mining region in the U.S. states of Wyoming and Montana, citing weakness in the thermal coal market.
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Dec 3- A chemical explosion at Valero Energy Corp's Memphis, Tennessee, refinery injured at least four people Monday morning, a local media report with News Channel 3 said. The report quoted the Memphis Fire Department as saying the explosion involved hydrogen chloride. Valero runs the 180,000 barrel-per-day refinery in Memphis, Tennessee.
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*Shares of both Dean Foods and Saputo rise. Dec 3- Saputo Inc will buy Dean Foods Co's Morningstar division for $1.45 billion to widen its product range and increase its U.S. presence, the Canadian dairy products maker said on Monday.
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BUENOS AIRES, Dec 3- Spain's Repsol SA filed a complaint against Argentina before the International Center for Settlement of Investment Disputes on Monday over its nationalization of energy company YPF SA, a source familiar with the matter told Reuters.
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Ford Motor Co posted better-than-expected sales and Chrysler Group LLC, Toyota Motor Corp, Nissan Motor Co and Hyundai Motor Co also saw strong increases that industry executives said should continue through the end of the year.
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LONDON, Dec 3- The global manufacturing sector's slump eased in November as output rose for the first time in five months, a business survey showed on Monday. JPMorgan's Global Manufacturing PMI, published in conjunction with financial data company Markit, rose to 49.7 in November from 48.8 in October.
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BUENOS AIRES, Dec 3- Rains expected to hit Argentina's grains belt this week will sustain the floods that have fanned global supply worries by swamping and blocking access to key soy, corn and wheat areas, local experts said on Monday.
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LONDON, Dec 3- Gold prices edged higher on Monday as data showing the U.S. manufacturing sector may be struggling to gain traction put pressure on the dollar, but gains were capped by uncertainty over the outcome of U.S. budget talks.
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WASHINGTON, Dec 3- Fannie Mae and Freddie Mac said on Monday they would provide a break for borrowers facing foreclosure to ensure those having problems making monthly mortgage payments will remain in their homes during the holidays.
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*Crude rises after China, No. 2 consumer, posts upbeat data. NEW YORK, Dec 3- Global shares faltered on Monday after U.S. manufacturing unexpectedly contracted in November, falling to the lowest in more than three years, but crude prices rose on signs of revived growth in China, the world's second-biggest oil consumer.
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NEW YORK, Dec 3- The S&P 500 edged up to rise for a fourth straight day on Monday as upbeat Chinese data lifted sentiment, but weak U.S. factory numbers cut into gains.
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NEW YORK/ LONDON, Dec 3- Chinese manufacturing output grew last month for the first time in more than a year but a surprise contraction in U.S. factory activity tempered optimism about the health of the world economy on Monday.
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*Spain seeks EU aid for its wobbly banking sector. Treasuries prices fell on Monday after news that Spain is seeking help for its troubled banks and better-than-expected data on Chinese manufacturers reduced safe-haven demand for less-risky government debt.