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  • Dec 10- What better way to celebrate the sun setting on the Federal Reserve's zero interest rate policy, that great inflater of asset prices, than with an auction of $100,000 used handbags? That's the plan over at Christie's, which is holding its inaugural live auction of Handbags& Accessories to be held Friday in New York. One bag is estimated to fetch $100,000 to...

  • Dec 10- Short selling in the S&P 500 energy sector rose in November to its highest level in years, outpacing that of the benchmark S&P 500 index as crude oil prices continued to tumble amid a global glut, according to Markit data. "There's a growing number of people positioning for further pain in the energy sector," said Markit analyst Simon Colvin, estimating that...

  • The Prime Minister had promised to say by the end of the year whether he backed a 23- billion-pound runway at Heathrow Airport after a 3- year independent review named the site in densely populated west London as the preferred location. A delay by around six months mean the final decision can now be made after a London mayoral election in May, where the...

  • Dearborn, Mich., Dec 10- Ford Motor Co wants to develop ride hailing services that could compete with existing providers such as Uber or Lyft, the company's head of research said on Thursday. "Our vision is to be a mobility service provider, beyond building a vehicle that would be in somebody else's fleet," said Ken Washington, Ford's vice president of research.

  • Dec 10- Photoshop maker Adobe Systems Inc reported a 21.7 percent rise in quarterly revenue, helped by strong growth in its cloud-powered graphic design and digital marketing businesses. The company's net income rose to $222.7 million, or 44 cents per share, in the fourth quarter ended Nov. 27, from $88.1 million, or 17 cents per share, a year earlier.

  • *Market ignores forecast of sharp drop in 2016 non- OPEC supply. Futures of Brent and U.S. crude's West Texas Intermediate struck near seven-year lows for a fourth day in a row in continued fallout from an OPEC meeting last week that abandoned price support measures. But OPEC also struck a bearish chord by saying its group output rose by 230,000 bpd in November to...

  • NEW YORK, Dec 10- U.S. "The belly is selling off and that's a function of risk assets finding a bid, but big picture, it's still just noise ahead of the Fed meeting next week," said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut. Yields on the 10- year hit the day's low of 2.206 percent earlier after U.S. jobless claims increased to...

  • NEW YORK, Dec 10- U.S. stocks closed higher on Thursday after a three-day decline but oil's drop to near seven-year lows still weighed on investors ahead of an expected U.S. interest rate hike.

  • SAO PAULO, Dec 10- Monsanto Co, the world's largest seed company, is open to acquisitions in Brazil, where assets have become cheaper as the local currency tumbled, its top executive in the country said on Thursday. "If an interesting opportunity emerged in Brazil, Monsanto would certainly consider it, especially if it fits with our vision of what agriculture will be...

  • NEW YORK, Dec 10- The dollar rose sharply against the euro on Thursday, rebounding from one-month lows reached a day earlier, as markets refocused on an expected interest rate increase from the Federal Reserve. The euro fell 0.8 percent versus the dollar, turning back a chunk of the previous day's 1.1 percent gain, which came after comments from the European...

  • SYDNEY/ SINGAPORE, Dec 11- Australian Craig Steven Wright is the latest in a line of men alleged to be the mysterious creator of bitcoin, a digital currency that has attracted the interest of banks, speculators, criminals and regulators. While it was not immediately possible to support or refute claims that he is Satoshi Nakamoto- the person or group credited with...

  • Dearborn, Mich.- Dec 10- Ford Motor Co wants to develop ride hailing services that could compete with existing players such as Uber or Lyft, the company's head of research said Thursday. "Our vision is to be a mobility service provider, beyond building a vehicle that would be in somebody else's fleet," said Ken Washington, Ford's vice president of research.

  • The Front came first nationally in the regional elections' first round on Dec. 6 and led in six regions out of 13, including the north where Le Pen is standing and the southeast, where her niece Marion Marechal-Le Pen is the lead candidate. "They can do nothing against the survival instinct of the people," Le Pen said, urging supporters to vote massively in Sunday's...

  • Dec 10- The U.S. Missile Defense Agency said it successfully completed the first intercept test for Lockheed Martin Corp's land-based Aegis missile-defense system, which is due to be deployed in Romania. The primary objective of the test, which used Raytheon Co's Standard Missile-3 Block IB missile, was to assess the effectiveness of the Aegis Ashore...

  • Dec 10- Wal-Mart Stores Inc's marketing head Stephen Quinn is expected to retire in January, the Wall Street Journal reported, citing people familiar with the situation. Francis, who spent more than 26 years with Target, said in August he would step down as CMO of DreamWorks Animation SKG Inc in December. He joined DreamWorks in 2013..

  • The plant is expected to create 4,500 jobs and is contingent on the approval of a $250 million incentive package by the Nevada state legislature, which would include tax abatements and tax credits. "This is a new era for the state of Nevada," Governor Brian Sandoval said at a press conference to announce the investment. These factories are key to efforts by Nevada,...

  • PARIS, Dec 10- French gas and power group Engie plans to announce the sale of its thermal power generation plants in United States, and others could follow, financial daily Les Echos reported. Engie unit GDF Suez North America has an ownership interest in 13.1 gigawatts of electric power and co-generation capacity, of which close to 1 GW is powered by renewable...

  • *Men's Wearhouse slumps on warning. Dec 10- U.S. stocks were higher on Thursday after three days of declines but pared some gains as oil prices fell to near seven-year lows. "People tend to get a little bit spooked and feel low oil is a net negative, when really it's not," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin.

  • CHICAGO, Dec 10- U.S. corn and wheat futures rose for the third straight day on Thursday, with investors who had made bearish bets on the grains scrambling to cover short positions as the market rallied, traders said. "The exports today were on the positive side for corn," said Greg Grow, director of agribusiness at Archer Financial Services. Chicago Board of Trade...

  • BOSTON, Dec 10- Third Avenue Funds said it will begin liquidating its $942 million Focused Credit Fund next week amid heavy losses on bets that included one of the highest exposures to illiquid assets in the junk bond sector. "There will be a distribution to all shareholders of the fund's cash assets not required for the expenses of the fund and its liquidation," New...