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  • NEW YORK, Dec 2- A U.S. appeals court refused on Wednesday to reconsider its decision invalidating a Sequenom Inc prenatal DNA test patent, a decision that could put in doubt the validity of a wide range of medical and biotechnology patents. Sequenom shares fell 9.5 percent to $1.62 on Wednesday. Sequenom's patent relates to the discovery of a way to detect fetal...

  • RCS Capital Corp said Wednesday that as part of a settlement with Massachusetts Secretary of the Commonwealth William Galvin, it would terminate its registration nationally for the business, Realty Capital Securities. The settlement raises questions about the fate of the $6 million deal announced last month in which RCS Capital agreed to sell the...

  • NEW YORK, Dec 2- Two of the largest shareholders in Viacom Inc are raising questions about whether Sumner Redstone is fit to remain executive chairman of the media company. Mario Gabelli, whose company holds the second-largest voting stake in Viacom after Redstone himself, and Salvatore Muoio, whose firm is the seventh-biggest voting shareholder, voiced the...

  • TORONTO, Dec 2- A former head of the Bank of Canada said on Wednesday he thinks the central bank will not raise interest rates until the U.S. David Dodge, who headed the Canadian central bank from 2001 to 2008, said he expects the Bank of Canada to be hesitant to tighten until the Fed's benchmark rate- which has been in a 0 to 0.25 percent range since 2008- "moves at least...

  • SAO PAULO, Dec 2- Grupo BTG Pactual SA's sale of a 12 percent stake in Brazilian hospital chain Rede D'Or São Luiz SA marks the first of many divestments that will help the bank exit market segments other than banking, Chairman Persio Arida told Reuters on Wednesday. The efforts include selling the bank's stake in Recovery do Brasil SA, Latin America's largest...

  • *Yahoo shares jump on reports could sell Internet business. Dec 2- U.S. stocks closed sharply lower on Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil dipped below $40 a barrel. Investors also attributed late-day selling to news coverage of a shooting in southern California.

  • Dec 2- Teen apparel retailer American Eagle Outfitters Inc said its holiday season sales were off to a "solid start" and named Jay Schottenstein, who was heading the company on an interim basis, as its permanent chief executive. American Eagle, unlike rivals Aeropostale Inc and Abercrombie& Fitch Co, has managed to win back shoppers by upgrading its merchandise to...

  • Dec 2- Cloud storage provider Box Inc raised its full-year revenue forecast for the third time as more users sign up for its services. Box, whose customers include AstraZeneca Plc, General Electric Co and Procter& Gamble Co, said it expects revenue of $299 million- $300 million for the year ending January, up from its previous forecast of $295- $297 million.

  • NEW YORK, Dec 2- Federal Reserve Chair Janet Yellen said on Wednesday she was "looking forward" to a U.S. interest rate rise that will be seen as a testament to the economy's recovery from recession. In her remarks to the Economic Club of Washington, Yellen expressed confidence in the U.S. economy, saying job growth through October suggested the labor market was...

  • On Tuesday Puerto Rico narrowly missed a formal default on $355 million worth of debt issued by its Government Development Bank by utilizing a "claw back" provision on revenues pledged to pay certain other bonds. Governor Alejandro Garcia Padilla said in testimony before a U.S. Senate Judiciary Committee on Tuesday that an imminent default "looms large."

  • Dec 2- Mall-based teen apparel retailer Aeropostale Inc reported a loss for the 12th straight quarter as it discounted heavily to attract shoppers and took charges related to the closure of underperforming stores. The company's net loss narrowed to $26.4 million, or 33 cents per share, in the third quarter ended Oct 31, from $52.3 million, or 66 cents per share, a...

  • HAVANA, Dec 2- Texas Governor Greg Abbott concluded a three-day visit to Cuba on Wednesday seeking to revive the state's once-deep business ties to the Caribbean island, promoting Texas rice for sale and expressing interest in Cuba's modern container port. Only $6.3 million of the 2014 U.S. exports to Cuba left through Houston ports, less than from any of the nine...

  • *Dollar hits highest since March 2003. NEW YORK, Dec 2- The dollar strengthened on Wednesday and stocks fell on Wall Street, as Federal Reserve Chair Janet Yellen signaled a readiness to hike interest rates and U.S. data indicated a solid labor market. "I was a little surprised she sounded as hawkish as she did given we're two days away from the nonfarm payrolls report...

  • Dec 2- Cloud storage provider Box Inc reported a 38 percent rise in quarterly revenue as more users signed up for its services. The company's revenue rose to $78.7 million in the third quarter ended Oct. 31, from $57 million a year earlier. Net loss attributable to shareholders widened to $55.1 million from $51.2 million.

  • NEW YORK, Dec 2- U.S. stocks closed sharply lower on Wednesday as a shooting in southern California added to investor jitters about rising interest rates and oil prices that dipped below $40 a barrel.

  • Dec 2- Sumner Redstone's physicians have publicly attested that he is mentally capable, William Schwartz, chairman of Viacom' s governance and nominating committee, wrote in an e-mailed stated to Reuters Wednesday afternoon. "As has been widely and publicly disclosed, Mr. Redstone's physicians have publicly attested that he is mentally capable, and this...

  • Dec 2- Teen apparel retailer American Eagle Outfitters Inc said its holiday season sales were off to a "solid start" and named interim Chief Executive Jay Schottenstein as its permanent CEO. American Eagle, unlike rivals Aeropostale Inc and Abercrombie& Fitch Co, has managed to win back shoppers by upgrading its merchandise to reflect trends such as festival- and...

  • *OPEC expected to keep policy steady at Friday meeting. NEW YORK, Dec 2- Oil prices tumbled more than 4 percent on Wednesday as surging U.S. stockpiles and a rallying dollar prompted traders to dump crude contracts amid signs the world's largest oil producers will not cut production when they meet this week. Brent futures approached new lows since March 2009, with...

  • BRASILIA, Dec 2- The speaker of Brazil's lower house of Congress, Eduardo Cunha, said on Wednesday he had accepted the opposition's motion to open impeachment proceedings against President Dilma Rousseff. They accuse the unpopular president of violating Brazil's fiscal laws and manipulating government finances to benefit her reelection last year.

  • Dec 2- Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up more than 5 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Broken out as a separate company, Yahoo's email, Yahoo and Tumblr...