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  • MEXICO CITY, Jan 9- Mexico's telecommunications regulator has fined both Carlos Slim's fixed-line unit Telmex and satellite TV provider Dish Mexico for failing to disclose fully a tie-up between them, the companies said in separate statements on Friday. Dish Mexico was fined 43 million pesos while Telmex was fined 14.4 million pesos. Dish Mexico is a joint...

  • Jan 9- Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person familiar with the matter. The change in bonuses was announced internally on Wednesday by Citigroup co-President James Forese to trading executives and was reported on Friday...

  • Judge Victor Marrero of U.S. District Court in Manhattan wrote in an opinion that granting Stefan Buck a hearing in his absence while he remained in Switzerland would encourage others to flee prosecution. Buck, who was head of private banking at Zurich- based Bank Frey& Co, asked for a bail hearing in November in an unusual court filing through his New York lawyer.

  • Jan 9- BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill. By a 7-6 vote, the 5th U.S. Circuit Court of Appeals let stand a three-judge panel's decision to uphold a 2012 ruling from U.S.

  • TORONTO, Jan 9- Media companies must back off from threatening Canadians who illegally download movies, music and books with penalties that do not exist in Canadian law, the government said on Friday. "These notices are misleading and companies cannot use them to demand money from Canadians," said Jake Enright, a spokesman for Industry Minister James Moore.

  • Jan 9- As investigators hunt for what caused an AirAsia jet to crash in an equatorial storm on Dec 28, the aviation industry is still struggling to apply the lessons of accidents in similar weather over the past decade. It is too early to say whether the Airbus A320 crashed into the Java Sea due to pilot error, mechanical problems, freak weather or- as most often...

  • Roughly two years after promising to donate his personal winnings from his controversial $1 billion bet against nutritional and weight-loss company Herbalife Ltd., the hedge fund titan is making good on the pledge with a $10 million donation to a scholarship charity, his foundation said. Herbalife stock closed 2015' s first week of trading down 12 percent at...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar, the No. 2 U.S. discount retailer, had previously disclosed...

  • *Average hourly earnings fall five cents; workweek steady. WASHINGTON, Jan 9- U.S. job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased by 252,000 last month after an upwardly revised jump of 353,000 in...

  • SACRAMENTO, Calif., Jan 9- California Democratic Governor Jerry Brown on Friday released his 2015-16 state budget, calling for $113 billion in proposed general fund spending, up just 1.4 percent from the year before despite the state's substantial economic recovery. Brown stuck to his plan to increase funding for the University of California by 4 percent, but...

  • WASHINGTON, Jan 9- Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday. Earlier this week, the State Department said Kerry would travel to India this weekend to attend an investment summit...

  • Fitch cuts rating on Russia to 'BBB minus' Friday, 9 Jan 2015 | 4:33 PM ET

    Jan 9- Fitch Ratings cut its rating on Russia to' BBB minus' from' BBB', citing significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble. Fitch said the issue ratings on Russia's senior unsecured foreign and local currency bonds have also been downgraded to' BBB minus' from' BBB'. Oil prices have fallen...

  • NEW YORK, Jan 9- Many economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June, even as the markets have been spooked by a five-year low in crude oil prices and wage growth remains weak. The survey shows that Wall Street's top economists remain unmoved by ongoing weakness in wage growth and multi-year lows...

  • NEW YORK, Jan 9- Investors with sizeable gains from the dollar's strong move upward in recent weeks sold the greenback to capture profits on Friday despite a solid U.S. jobs report that bolstered the case for the Federal Reserve to raise U.S. interest rates later this year. "It looks like some trimming of positions heading into the weekend, but the strong dollar is...

  • Jan 9- Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person familiar with the matter. On Dec. 9, CEO Mike Corbat said he expected market revenues to be down about 5 percent from a year earlier. The change in bonuses was announced internally on...

  • Jan 9- U.S. stocks ended lower on Friday following a two-day rally as December's jobs report gave a mixed view of the economy and energy stocks fell alongside another drop in crude oil prices. The Dow Jones industrial average fell 168.71 points, or 0.94 percent, to 17,739.16, the S&P 500 lost 17.21 points, or 0.83 percent, to 2,044.93 and the Nasdaq Composite dropped...

  • Analysts expect companies presenting at the conference- which include Lululemon Athletica, Big Lots and Guess- to shine a light on holiday trends and discuss business expectations for 2015, and in some cases update their outlooks. J.C. Penney Co, American Eagle Outfitters and Aeropostale Inc all had strong results, though Macy's disappointed.

  • Record-high temperatures and the most severe drought in at least 80 years punished southeastern Brazil last year, a region accounting for 60 percent of the country's gross domestic product. Private weather forecaster Somar warned of irregular rainfall in the center-west soy belt as well as the southeast throughout the month as an atmospheric blockage...

  • Commercial real estate service firm Cushman& Wakefield Ltd. says it expects vacancy rates in downtown Calgary, where most of Canada's oil and gas companies are headquartered, to increase to about 8.5 percent from 5.5 percent currently by year-end. "The bulk of that will be the sublet space coming on to the market and it's not going to change until the pricing...

  • NEW YORK, Jan 9- U.S. U.S. government debt was also boosted by a fall on Wall Street, where stocks were down nearly 1 percent after two days of outsized gains. "Yes, we had job growth," said Sharon Stark, fixed income strategist at D.A.