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  • The air bags were made by Japanese supplier Takata Corp, which received a similar order last Thursday from the National Highway Traffic Safety Administration. The NHTSA is seeking all internal Honda communications related to Takata air bag inflators, as well as any field reports, warranty claims and pre-suit legal claims, incidents and lawsuits related to...

  • WASHINGTON, Nov 5- Mexico would seek "hundreds of millions" of dollars in trade retaliation against the United States if Washington does not change meat labeling laws, a Mexican official said, as Mexico and Canada kept up pressure on the United States to act. This could take total retaliation from Canada and Mexico to as much as $2 billion. "Neither Mexico nor Canada...

  • WASHINGTON, Nov 5- Senate Republicans will charge ahead early in 2015 with a bill to approve the long-stalled Keystone XL oil pipeline from Canada, a move that would back President Barack Obama into a corner and set the tone for how the party taking control of Congress will govern the next two years. The $8 billion project, which would deliver heavy Canadian oil...

  • WASHINGTON, Nov 5- Victorious Republicans appeared at odds on Wednesday over how to capitalize on their new control of the U.S. Congress. The strongly diverging views were an early indicator of the task ahead for House of Representatives Speaker John Boehner and likely new Senate leader Mitch McConnell, who will have to find a way of reconciling moderates and...

  • NEW YORK/ LONDON, Nov 5- Gold sank about 2 percent on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging U.S. dollar weakened the investment case for non-yielding bullion. Silver's fall as much as 5 percent to its weakest since February 2010 at just above $15 an ounce. Spot gold skidded to its lowest since April 2010 at...

  • NEW YORK, Nov 5- Wells Fargo& Co said on Wednesday it is in discussions with the U.S. government to resolve a lawsuit accusing the nation's largest mortgage lender of cheating taxpayers by submitting ineligible home loans to a federal insurance program. Wells Fargo, the fourth-largest U.S. bank by assets, disclosed the talks in a quarterly filing with the U.S....

  • *Corn, soy close firm on short-covering. Corn and soybeans rose, snapping two-session losing streaks on a round of short-covering. Egypt, the world's top buyer of wheat, on Wednesday again bypassed U.S. offerings in its latest tender in favor of cheaper supplies from France and Ukraine.

  • Nov 5- Charles Schwab Corp. has dropped the Pimco Total Return Fund from its Schwab Managed Portfolios mutual fund platform, a spokeswoman said Wednesday, citing organizational changes at Pacific Investment Management Company as the catalyst for the change. Charles Schwab Investment Advisory, the division that manages the Managed Portfolios platform,...

  • Canada economy stronger than thought in first-half 2014 Wednesday, 5 Nov 2014 | 2:50 PM ET

    OTTAWA, Nov 5- The Canadian economy grew at a stronger pace in the first half of the year than previously thought, revised data from Statistics Canada showed on Wednesday. "The revisions show a slightly brighter picture in the rear-view mirror for the first half of the year, a bit of an offset to the disappointments we've seen in the current quarter GDP figures," Avery...

  • Nov 5- The defeat of twin measures in Oregon and Colorado that would have required labeling of foods made with genetically modified ingredients sets the stage for a battle over the issue in the nation's capital, both sides of the debate said on Wednesday. The Oregon measure lost 49 to 51 percent, according to unofficial results reported by the Oregon Secretary of...

  • *Many Chinese firms fare badly: Transparency International. BERLIN, Nov 5- The world's biggest companies disclose little or no financial details about their operations abroad, according to a report by Transparency International, which singled out Chinese companies but pointed to U.S. tech giants like Amazon and Google as well. The Berlin- based...

  • CHICAGO/ LONDON, Nov 5- Pasta lovers are not savoring the lowest wheat prices in years. This year's wheat harvest was the biggest ever, but the durum crop- the type of wheat used for pasta- was the smallest in 13 years. Italian consumers will be hardest hit by any price increase as they eat an average 25.3 kilograms of pasta per year, compared with 8.8 kg per year in the...

  • UPDATE 2-Nu Skin cuts forecast, denies SEC probe Wednesday, 5 Nov 2014 | 2:14 PM ET

    Nov 5- Nu Skin Enterprises Inc cut its profit and sales forecast for the current quarter as a strong dollar compounds troubles in China, and it denied a report that it faces a U.S. regulatory investigation. "To our knowledge, the SEC has not opened a formal investigation nor made any request for the production of documents," Nu Skin Chief Executive Truman Hunt said on a...

  • RIYADH, Nov 5- The retail portion of the 22.5 billion riyal initial share sale by Saudi Arabia's National Commercial Bank was 23 times subscribed, the bank said on Wednesday, quoting the final results of the offer. The share sale, which ran from Oct. 19 to Nov. 2, was the biggest ever conducted in the Arab world and the second-largest globally this year after Alibaba...

  • The main proponent to end what detractors called "autopilot" raises for the city's safety workers was San Bernardino's mayor, Carey Davis. The result means the city, 65 miles east of Los Angeles and which has been in bankruptcy since July 2012, must still set base pay for police and firefighters based on the average salary of such workers in 10 other similarly sized...

  • WASHINGTON, Nov 5- President Barack Obama will ask the U.S. Congress to approve $6.2 billion in new funds this fiscal year to combat Ebola in West Africa and the United States, according to officials familiar with the request. According to an official at the White House's Office of Management and Budget, the administration wants lawmakers to provide $4.5 billion...

  • CHICAGO, Nov 5- The Republican wave that hit the U.S. Congress in Tuesday's midterm election also boosted the party in state races, where it gained control of 10 chambers and could be on track to holding the largest number of legislative seats since before the Great Depression. Democrats lost their majorities in the West Virginia House, Nevada Assembly and Senate,...

  • BOSTON, Nov 5- Hedge fund Elliott Associates may take legal action against pharmaceuticals company AbbVie Inc for scuttling a merger deal with Shire Plc. Elliott said in a quarterly letter to investors that it was disappointed when AbbVie's board withdrew its support for the deal in October after executives had signaled strong interest in late September.

  • Under the 2010 Dodd-Frank law, the SEC gained power to pursue more enforcement cases in-house, whereby trials are decided by staff SEC judges rather than juries. While the agency might be tempted to turn to SEC administrative judges to avoid trial defeats like in the insider trading action against billionaire Mark Cuban, the courts have "functioned very...

  • The Securities Investor Protection Corp said it is aware of two websites that it believes are falsely claiming to help protect U.S. and non-U.S. brokerage customers, whether by posing as SIPC or claiming its powers. SIPC said such "phishing" scams involve con artists who trick people into paying up-front fees, providing access to. "It seems to come and go in waves,"...