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  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices. Greece's new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds,...

  • JUDGE CALLS NY AG SCHNEIDERMAN'S ALLEGATIONS AGAINST WELLS FARGO "SO INSUBSTANTIAL" THAT STATE FAILED TO ALLEGE BREACH.

  • Cliffs Natural Resources posts quarterly loss Monday, 2 Feb 2015 | 4:47 PM ET

    Feb 2- U.S. miner Cliffs Natural Resources Inc reported a fourth-quarter loss, hurt partly by asset impairment charges. Net loss attributable to shareholders was $1.26 billion, or $8.25 per share, in the quarter ended Dec. 31, compared with a profit of $30.5 million, or 20 cents per share, a year earlier. Revenue fell nearly 15 percent to $1.28 billion, but edged past...

  • JUDGE REJECTS ALLEGATIONS BY NEW YORK ATTORNEY GENERAL THAT WELLS FARGO NOT COMPLYING WITH $25 BILLION MORTGAGE SETTLEMENT.

  • CHICAGO, Feb 2- President Barack Obama signaled on Monday that he wants to keep 11 million disabled Americans out of a looming brawl over Social Security reform by shifting revenue between the program's disability and retirement insurance trust funds. The president's 2016 budget, released by the White House on Monday, calls for fixing that problem through a...

  • Feb 2- Verizon Communications Inc is nearing wrapping up deals to sell more than $10 billion in assets, the Wall Street Journal reported, citing people familiar with the matter. Divesting assets could also help Verizon repurchase some shares it issued after it announced the Vodafone deal, he added. In 2013, Verizon announced its plans to acquire the 45 percent...

  • NEW YORK, Feb 2- A Swedish man who U.S. authorities say helped create malicious software used to hack half a million computers worldwide is expected to plead guilty in New York next week, according to a court filing. Alex Yucel, 24, the alleged owner of BlackShades, has reached a plea deal in principle, according to a document filed by federal prosecutors on Monday.

  • Feb 2- 3 D printer maker Stratasys Ltd on Monday forecast revenue and adjusted profit for the full year below average analyst expectation, saying operating expenses will increase. The company forecast a net loss of $10 million- $23 million, or 20- 45 cents per share, on revenue of $940 million- $960 million for 2015.. It forecast an adjusted profit of $2.07- $2.24 per...

  • *Italy, Spain fall on Greece concerns, austerity issues. NEW YORK, Feb 2- Global equity markets rose sharply in choppy trade on Monday on a late rally fueled by hopes for a deal on Greek debt, with a rebound in oil prices also helping to lift U.S. stocks. "Markets are finding some comfort in the fact there is a dialog that has the potential to lead to something other than a...

  • LONDON, Feb 2- Greek Finance Minister Yanis Varoufakis is proposing to swap government debt held by the European Central Bank and the official sector for growth-linked and perpetual bonds, sparing privately held bonds from losses, a source said on Monday. Varoufakis and Prime Minister Alexis Tsipras are touring European capitals this week in a diplomatic...

  • WASHINGTON, Feb 2- U.S. lawmakers are preparing a series of bills to ease U.S. restrictions on trade with Cuba, with plans to introduce them in the Senate in the next two months, senior congressional aides said on Monday. One piece of legislation being drafted would allow U.S. telecommunications companies to do business in Cuba and another would specifically...

  • Traders said oil services company Genscape estimated a stock build of 2.3 million barrels in the Cushing, Oklahoma, delivery point for U.S. crude last week, adding to already record-high inventories in the United States. "I don't think anything's changed fundamentally, except for the psychology of the market," said Chandravir Ahuja, an analyst at Kolmar Americas...

  • WASHINGTON, Feb 2- The Obama administration said on Monday it would seek authority to negotiate prices for high-cost drugs under the government's Medicare Part D program, which offers private drug coverage for senior citizens and the disabled. But the plan would require the administration to get a green light from Congress, where Republicans who control the...

  • -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co.. -$3 billion for continued development of Boeing's KC-46A refueling planes, or tankers. -$11.6 billion for nine new ships, including smaller coastal warships built by Lockheed and Australia's Austal, an aircraft carrier being built by Huntington Ingalls Industries, and other submarines...

  • NEW YORK, Feb 2- U.S. stocks rose sharply on Monday, as hopes for a deal regarding Greek debt fueled a late rally, with a bounce in oil prices also lending support.

  • WASHINGTON, Feb 2- The International Monetary Fund on Monday signed off on a $688 million, one-year loan program for Kenya, which is meant to support the government's economic reforms and help it weather possible outside shocks. Kenya has said it does not intend to draw on the money, but rather have it on hand in case external shocks like weather, security concerns...

  • MUMBAI, Feb 3- Having cut its policy interest rate just three weeks ago, India's central bank is expected to hold rates steady at a policy review on Tuesday, leaving its next move until after the government presents its annual budget at the end of this month. But RBI Governor Raghuram Rajan said at the time that the central bank's ability to cut further would partly...

  • *India needs to boost output or imports to meet demand. NEW DELHI/ MELBOURNE, Feb 3- India's plans to attract badly needed foreign investment and technology to its coal sector are getting a cool response from some miners and trading houses, even though the country is one of the few bright spots for global coal demand. But even with India on track to overtake the United...

  • GREEK FINANCE MINISTER VAROUFAKIS SAYS HAS NOT PUT A VALUE ON THE DEBT SWAP, DESCRIBES IT AS "WORK IN PROGRESS"- SOURCE.

  • IMF approves $688 precautionary loan for Kenya Monday, 2 Feb 2015 | 4:00 PM ET

    WASHINGTON, Feb 2- The International Monetary Fund on Monday signed off on a $688 million, one-year loan program for Kenya, which is meant to support the government's economic reforms and help it weather possible outside shocks. Kenya has said it does not intend to draw on the money, but rather have it on hand in case external shocks like weather, security concerns...