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  • UPDATE 1-ADMA's immune deficiency drug meets main goal Wednesday, 3 Dec 2014 | 12:59 PM ET

    Dec 3- Drugmaker ADMA Biologics Inc said its drug to treat immune deficiency met the main goal in a late-stage study, sending its shares on a roller-coaster ride. The company's shares rose as much as 17.5 percent to a record high of $14.00 before selling set in. PIDD, which affects about 500,000 people in the United States, weakens the immune system, allowing...

  • President Barack Obama acknowledged differences within his own Democratic Party on free trade agreements that he supports and vowed to make a strong case for trade to Congress. Obama said free trade is "tough politics" among some lawmakers because many Americans feel their wages and income have stagnated as a result of foreign trade. He said his argument to U.S....

  • *Cuts full-year adjusted profit forecast. Dec 3- Struggling teen apparel retailer Abercrombie& Fitch Co said it expected its turnaround efforts to bear fruit next year, but warned of a tough holiday quarter as it discounts heavily. "...we view Abercrombie as a turnaround story that remains largely on track despite the third quarter setback," Suntrust Robinson...

  • MILAN, Dec 3- Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop glasses that combine its top fashion brands with technology that could allow wearers to access information about their health or location. Intel is also involved in the Google Glass project as its chips will replace components from Texas Instruments in the new version...

  • OBAMA SAYS US LABOR UNIONS SHOULD NOT OPPOSE A TRADE DEAL THAT WOULD REQUIRE VIETNAM TO IMPROVE LABOR LAWS.

  • OBAMA SAYS WILL MAKE STRONG CASE TO CONGRESS ON FREE TRADE AGREEMENTS BUT THAT IT'S TOUGH POLITICS.

  • Eni asset sales hit trouble due to oil rout Wednesday, 3 Dec 2014 | 12:40 PM ET

    *Oil plunge complicating Mozambique, Saipem stake sales- sources. CEO Claudio Descalzi still needs to raise 6 billion euros under an 11 billion euro program lasting until 2017. The firm has pinned its hopes on selling minority stakes in its Mozambique gas field, and non-core assets such as its 43 percent holding in oil services contractor Saipem.

  • TORONTO, Dec 3- Rio Tinto Plc's re-commitment to diamonds with a $350 million Canadian mine expansion has highlighted the prospects for a handful of smaller players boasting one of the sector's rarest commodities- new mines. Global consumer demand for diamond jewelry is forecast to grow at 4 to 5 percent annually, to $31 billion in 2018 from $25 billion last year,...

  • * "Bad news" at U.N. climate talks in Lima- Figueres. LIMA, Dec 3- This year is on track to be the hottest on record, or at least among the very warmest, the United Nations said on Wednesday in new evidence of long-term warming that adds urgency to 190- nation talks under way in Lima on slowing climate change. The WMO said average sea surface temperatures hit record highs in...

  • U.S. watchdog says flaws persist in public company audits Wednesday, 3 Dec 2014 | 12:32 PM ET

    WASHINGTON, Dec 3- A sampling of audits of public companies reviewed last year showed numerous deficiencies in opinions issued by the four largest U.S. accounting firms, the top U.S. audit watchdog said on Wednesday. In a speech before the U.S. Chamber of Commerce, Public Company Accounting Oversight Board Chairman James Doty said that of the 219 "Big Four" audits...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve's policy of keeping interest rates at near zero is unprecedented and risky, a top Fed official said on Wednesday, given that inflation is heading toward the central bank's goal and the U.S. economy is approaching full employment. Philadelphia Federal Reserve Bank President Charles Plosser said the Fed's preferred...

  • *Canada has lobbied for years against labeling plan. BRUSSELS, Dec 3- Europe moved a step back towards a plan to stigmatize Canada's tar sands as highly polluting on Wednesday, despite years of Ottawa's lobbying the EU bloc as part of its export drive. Canada and representatives of the oil industry have said unconventional oil has a valuable role in diversifying...

  • 'Extenders' tax breaks renewal expected in U.S. House Wednesday, 3 Dec 2014 | 12:21 PM ET

    WASHINGTON, Dec 3- Dozens of special-interest tax breaks would be renewed under a bill expected to win U.S. House of Representatives approval on Wednesday, in a move to let taxpayers claim the tax breaks for 2014 while kicking a broader debate about them into 2015.. If the Democratic-controlled Senate approves this approach, which aides said was probable,...

  • NEW YORK, Dec 3- U.S. stocks rose modestly on Wednesday as energy-related shares rose for a third straight session and data pointed to improving conditions in the U.S. services sector, which makes up a majority of the economy. Cimarex Energy was the S&P 500' s top percentage gainer, up 5.9 percent at $108.98. Diamond Offshore rose 3.7 percent to $31.46.

  • "It's starting to sink into people's psyches that the drop in oil prices is real," said Robert Stimpson, a co-portfolio manager of the White Oak Select Growth Fund. Stimpson added retailers Ann Taylor parent Ann Inc and Guess? Phil Orlando, chief equity market strategist at Federated Investors Inc has been adding consumer companies such as Alaska Air Group Inc...

  • BERLIN, Dec 3- Lufthansa's board approved plans on Wednesday to expand its budget flight operations against the backdrop of deteriorating relations with its pilots who are set for their tenth strike this year. Lufthansa is battling to remain competitive in the face of budget carriers such as Ryanair and easyJet and Gulf operators including Emirates, Etihad...

  • LONDON, Dec 3- Ukrainian companies are struggling with foreign debt repayments, hit by the hryvnia's 45 percent fall this year, slumping revenues caused by economic recession and the conflict in the east of the country. First Ukrainian International Bank- Asked creditors for maturity extension on its $250 million bond due December 2014, to increase the tenor to...

  • Dec 3- Schlumberger Ltd, the world's No.1 oilfield services provider, said it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels as it trims its operations in response to slumping oil prices. Schlumberger on Tuesday had also said the quarter's results would also include a $800 million charge to write down the value of six...

  • LONDON, Dec 3- With an economy in meltdown, a currency that has tanked 45 percent and a possible sovereign default ahead, more and more of Ukraine's companies are finding themselves unable to repay overseas debt. While a relatively modest $12.4 billion in private sector debt falls due in 2015, according to International Monetary Fund estimates, it still exceeds...

  • Dec 3- Hawaiian Holdings Inc, operator of Hawaiian Airlines, will add more seats to its short-haul aircraft next year, a senior company executive said on Wednesday. Hawaiian Holdings, which mainly operates flights in Hawaii, will add as many as 10 seats to each of its 18 Boeing 717 jets, Peter Ingram, the company's chief commercial officer, said at an investor day in...