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  • FRANKFURT, Oct 4- The arrival of online transport company Uber should be used to boost competition in Germany's taxi market, though regulators must make sure traditional services do not face disadvantages, the head of the country's competition watchdog said. Courts in Berlin and Hamburg last month upheld bans on the company, saying it did not comply with German...

  • Siemens may close some energy plants amid low margins Saturday, 4 Oct 2014 | 7:38 AM ET

    FRANKFURT, Oct 4- German industrial conglomerate Siemens expects low profit margins at its energy division in the next couple of years and could close some factories as a result, the head of the division told the Boersen-Zeitung newspaper. Siemens strengthened it this year with the acquisitions of U.S.-based Dresser Rand as well as Rolls Royce's power unit.

  • China is ready to seize any business opportunities in Russia resulting from Moscow's diplomatic showdown with Europe over Ukraine, Beijing's ambassador to Berlin said this week. China and Russia have close economic and diplomatic links, and China has been unwilling to get involved in the Ukraine crisis aside from calling for talks and a peaceful resolution.

  • MOSCOW, Oct 4- Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as telling Russian TV channel Rossiya 1.. The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top...

  • China is ready to seize any business opportunities in Russia resulting from Moscow's diplomatic showdown with Europe over Ukraine, Beijing's ambassador to Berlin told Reuters this week. China and Russia have close economic and diplomatic links, and China has been unwilling to get involved in the Ukraine crisis aside from calling for talks and a peaceful...

  • SAN FRANCISCO, Oct 3- Microsoft Corp is demanding $6.9 million interest from Samsung Electronics in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday. Microsoft is asking the court to rule that it did not breach a business collaboration agreement with Samsung, and that Samsung must pay interest on...

  • In a rare move, District Judge Thomas Griesa held Argentina in contempt earlier this week, saying its attempts to pay holders of the bonds it restructured in 2005 and 2010 debt swaps locally were "illegal." The judge prevented Argentina in June from making a coupon payment to exchange bondholders because of his earlier ruling that the South American country...

  • Oct 3- The United Auto Workers on Friday announced the formation of UAW Local 112 for hourly workers at Daimler AG's Mercedes-Benz plant in Alabama, and confirmed it will work with two German labor groups to organize the plant. "What happens here is important to the future of the labor movement," said UAW president Dennis Williams, who swore in the initial members of...

  • If the SEC rules in their favor, the investors could seek a portion of the $602 million the SEC collected in a settlement from a division of SAC Capital Advisers after former portfolio manager Mathew Martoma was caught trading on secret tips. The SEC will also be weighing in on a long-running debate over whether insider trading is a victimless crime.

  • UAW forms new local for Daimler Alabama workers Friday, 3 Oct 2014 | 5:51 PM ET

    Oct 3- The United Auto Workers on Friday announced the formation of UAW Local 112 for hourly workers at Daimler AG's Mercedes-Benz plant in Alabama, and confirmed it will work with two German labor groups to organize the plant. The American union's efforts at the plant will be similar to a strategy it employed for the Volkswagen AG plant in Chattanooga, Tennessee,...

  • NEW YORK, Oct 3- A positive vibe returned to the U.S. stock market Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over. The most recent decline in the S&P 500 marks the third time in six months that the market has looked wobbly and threatened a significant reversal. The spread has since widened by more than 100 basis points,...

  • WASHINGTON, Oct 3- Insurer MetLife said on Friday it would fight a plan by the U.S. risk council to designate it as a firm whose demise could risk global finance, a tag that brings far greater regulatory scrutiny. The company had asked the Financial Stability Oversight Council to call a meeting at which it could give written and oral evidence of why it disagreed with...

  • WASHINGTON, Oct 3- The U.S. Federal Communications Commission said on Friday it paused its "shot-clock" on the review of the proposed $45 billion merger between the two largest U.S. cable providers, Comcast Corp and Time Warner Cable Inc.. The FCC, which will determine whether the deal is in the public interest, said it is stopping its informal 180- day clock to review...

  • Oct 3- American Airlines Group plans to replace jets from its regional unit Envoy Air Inc out of Miami with larger ones from a Republic Airways Inc unit, leading to about 50 job cuts at Envoy. Envoy will roll back its Miami flights to 37 daily departures from 60 starting Dec. 18, according to a letter that Envoy Chief Executive Officer Pedro Fábregas sent to...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • BOSTON, Oct 3- Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase& Co in a massive cyberattack uncovered over the summer, and more may soon join, Reuters learned on Friday. Special Assistant Attorney General William Brauch, director of the Iowa Department of Justice's Consumer Protection Division, told Reuters that...

  • BOSTON/ NEW YORK, Oct 3- Investors hope the Bond King can remake himself as a team player. Bill Gross last week abruptly left Newport Beach, California- based Pimco, the firm he built into a bond giant, to join Janus Capital Group, a small Denver firm that touts on its website how its friendly, team-oriented culture creates "strong collaborators." Kevin Mahn, who helps...

  • NEW YORK, Oct 3- The S&P 500 posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy. Despite the rally, however, major indexes ended down for the week, with the first diagnosis of Ebola in a patient in the United States and protests in Hong Kong among the main catalysts...

  • NEW YORK, Oct 3- The S&P 500 posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy. Despite the rally, however, major indexes ended down for the week, with the first diagnosis of Ebola in a patient in the United States and protests in Hong Kong among the main catalysts...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...