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  • Stephen Hawking hails "life changing" speech upgrade Tuesday, 2 Dec 2014 | 11:02 AM ET

    LONDON, Dec 2- Theoretical physicist Stephen Hawking can communicate with the world faster and easier thanks to new technology from Intel Corp and SwiftKey which replaces the decades-old platform that made his computerised voice recognisable around the world. Intel said it had been working on the new platform, called ACAT, in collaboration with Hawking for...

  • DETROIT, Dec 2- Five of the top six automakers sold more cars and trucks in November than analysts expected, with a surging economy, heavy discounting and falling fuel prices luring consumers into U.S. showrooms. Chrysler Group sales rose 20.1 percent to 170,839 vehicles on strong showings by its Jeep brand and Ram pickup trucks, the unit of Fiat Chrysler...

  • *Saipem, Salzgitter slide as Russia scraps pipeline project. BP featured among the top gainers, up 3.6 percent, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Shares in Italian oil services group Saipem and German steelmaker Salzgitter bucked the trend, tumbling 8.6 percent and 8 percent respectively after Russia...

  • Treasuries, which posted strong returns during November, also declined on Monday, when Medtronic Inc priced $17 billion of senior notes. "There is a lot of corporate issuance that's being hedged and that's applying a lot of pressure," said Sean Murphy, a Treasuries trader at Societe Generale in New York. According to IFR, a unit of Thomson Reuters, Bank of America and...

  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a spending bill that funds most of the federal government through Sept. 30, 2015, avoiding a shutdown fight over President Barack Obama's immigration action. Congress must pass a federal government spending bill by Dec. 11 to avoid a shutdown.

  • Dec 2- RadioShack Corp said lender Salus Capital Partners' claims that the troubled electronics retailer breached covenants on a $250 million term facility were "wrong and self serving." Trading in RadioShack's shares was halted. The claims were related to a recapitalization and investment agreement and an amendment to the company's credit facility on Oct. 3,...

  • TORONTO/ WINNIPEG, Manitoba, Dec 2- Cargill, Canada's biggest beef processor, is recalling ground beef sold by Wal-Mart Stores Inc that may be contaminated with E. coli, the Canadian Food Inspection Agency said on Tuesday. The agency said there have not been any reported illnesses associated with Cargill Meat Solutions' "Your Fresh Market" brand beef, which was sold...

  • *Britain, Luxembourg, HK among new issuers this year. The United Kingdom, Hong Kong and Luxembourg- all ranked at least AA by rating agencies- issued sharia-compliant financial instruments, or sukuk, for the first time in 2014. They gave a huge boost to a market which was once just seen as a funding tool for borrowers from the Gulf and Muslim countries in southeast...

  • Dec 2- Biogen Idec Inc's research chief on Tuesday said the company was planning a late-stage trial of its experimental treatment for Alzheimer's disease after the drug cut brain plaque levels and improved cognition in a small early-stage study. Shares of Biogen were up 6.8 percent in morning trading on the Nasdaq. Douglas Williams said at the Deutsche Bank...

  • WASHINGTON, Dec 2- U.S. construction spending rose more than expected in October as both private and public outlays increased, which could ease concerns of a sharp slowdown in fourth-quarter economic growth. Construction spending rose 1.1 percent, the largest gain since May, to an annual rate of $970.99 billion, the Commerce Department said on Tuesday.

  • US STOCKS-Wall St rises, but oil continues to weigh Tuesday, 2 Dec 2014 | 9:59 AM ET

    *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose modestly on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. U.S. crude futures fell 2 percent to $67.58 per barrel, contributing to the 0.5 percent...

  • Carter, a former deputy secretary at the Department of Defense, had been considered a leading candidate for the job to replace Chuck Hagel, who is resigning. Other names have been circulated as a possible replacement for Hagel, including former Navy Secretary Richard Danzig and Kurt Campbell, a former Assistant Secretary of State for East Asian and Pacific...

  • UPDATE 1-U.S. November auto sales strongest in years Tuesday, 2 Dec 2014 | 9:56 AM ET

    DETROIT, Dec 2- Detroit automakers sold more cars and trucks in November than analysts expected, as a surging economy and falling fuel prices helped drive sales of big pickups and SUVs. GM said its average transaction prices were a record $35,600, up $790 per vehicle from October and up $3,100 from a year ago. Chrysler Group sales rose 20.1 percent to 170,839, on...

  • Trian said in June that it had built a $1 billion stake in BNY Mellon, according to filings with the U.S. Securities and Exchange Commission. Garden, who also serves on the boards of Wendy's Co and Family Dollar Stores Inc, will join the human resources& compensation committee and the risk committee of BNY Mellon's board. The announcement comes days after activist...

  • *Ministries sees GDP falling 0.8 pct in 2015 with oil at $80. MOSCOW, Dec 2- Low oil prices and sanctions imposed on Moscow over Ukraine will send the Russian economy into recession next year, government officials said on Tuesday, a dramatic change to an earlier forecast of 1.2 percent gross domestic product growth. The ministry cut its forecast for the average oil...

  • *OPEC output 300,000 bpd above 30 million bpd target. Supply from the Organization of the Petroleum Exporting Countries averaged 30.30 million bpd in November, down from a revised 30.64 million bpd in October, according to the survey based on shipping data and information from sources at oil companies, OPEC and consultants. OPEC at its meeting in Vienna...

  • SANTIAGO, Dec 2- The United Nations' body for Latin American and the Caribbean slashed its economic growth forecast for the region to an anemic 1.1 percent in 2014, but sees a stronger performance next year as global economic growth slowly gathers pace. Growth in the region is seen at 2.2 percent in 2015 after just 1.1 percent growth this year, its weakest...

  • NEW YORK, Dec 2- U.S. stocks inched up at the open on Tuesday as a pair of big M&A deals boosted market optimism a day after the S&P 500' s worst performance in a month.

  • Dec 2- Brazil's Vale SA is considering listing part of its global base metals business in Toronto and London, according to multiple sources with knowledge of the plan, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the broad details of the plan for Toronto and London as early as Tuesday at an investor day event in...

  • *Lithuania to import LNG to cut dependence on Russian gas. *Needs access to Latvia storage site to balance flows. But contracts providing third parties with access to the Incukalns underground gas storage site in Latvia are not transparent, which is hindering the emergence of a market, Lithuanian LNG importer Litgas said.