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  • DETROIT, Jan 13- The agreement struck with two banks by Detroit to end toxic interest rate swap agreements was not in the best interest of the city, the groups objecting to the deal said during closing arguments in a bankruptcy court hearing on Monday.

  • BOSTON/ NEW YORK, Jan 13- Target Corp began a major public relations effort on Monday to apologize to customers for an unprecedented cyber attack on its network, but the No. 3 U.S. retailer was vague in providing details about what it knew and when. Target is trying to woo back customers after sales dropped off at the end of the holiday season.

  • *Nissan exec sees U.S. market growing by 1 pct at most in 2014. *To need more capacity in Mexico if Nissan hits sales goals.

  • *Iran deal to take effect Jan. 20. *Obama urges Congress not to impose new sanctions on Iran. NEW YORK, Jan 13- Brent oil fell on Monday as the market absorbed news of a deal between Western nations and Iran to curb its nuclear program and the resumption of production from a key North Sea oilfield.

  • Jan 13- SodaStream International Ltd, a manufacturer of home soda making appliances, estimated 2013 results below its previous forecast due to sluggish U.S. holiday season sales, wiping out a quarter of the company's market value on Monday.

  • *Sees earnings 71- 73 cents/ share, down from 78- 80 cents. Jan 13- Sales at Lululemon Athletica Inc's established stores will likely drop in the fourth quarter, the first year-on-year drop since 2009, the company warned on Monday, the latest in a spate of setbacks for the once high-flying yogawear retailer.

  • *Merck up after FDA review, strategic options plans. *Suntory Holdings to acquire Beam for $83.50 per share. "People are sitting on their hands, waiting for major results to figure out how strong this season may be," said Douglas DePietro, managing director at Evercore Partners in New York.

  • *Says should exit some measures as soon as possible. BRUSSELS/ FRANKFURT, Jan 13- Sabine Lautenschlaeger, the Bundesbank vice president set to replace Joerg Asmussen at the European Central Bank, struck a hawkish tone on Monday as she warned that low interest rates "are not without risks".

  • FRANKFURT, Jan 13- Cut-throat competition and decades-old banking relationships mean lenders aiming to profit from Germany's booming middle-sized companies may be chasing a mirage.

  • Wheat rebounded from a drop to 3-1/ 2 year lows that came after a closely watched U.S. Agriculture Department report on Friday said that domestic and global supplies were bigger than expected.

  • DETROIT, Jan 13- Ford Motor Co could incorporate more aluminum into its sport utility vehicles and other vehicle models in the future, executives said on Monday, after the company showcased a new lightweight version of the F-150 pickup truck at the Detroit auto show.

  • *C $5.95/ shr cash-and-stock offer represents 15 pct premium. TORONTO, Jan 13- Goldcorp Inc launched an unsolicited cash-and-stock bid to acquire smaller rival Osisko Mining Corp for C $2.6 billion on Monday, in a move to gain control of Osisko's Malartic gold mine in Quebec.

  • DETROIT/ TOKYO, Jan 13- At a New Year's party thrown by Honda in 1985, Juichiro Takada, heir to a family woven-cloth business that had branched into car seatbelts, divulged a decision. His company, Takata Corp, would steer clear of mass-producing automotive airbags.

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Monday upheld Monsanto Co's biotech seed patents, dealing a blow to a group attempting to ward off lawsuits by the company against farmers.

  • DETROIT, Jan 13- Dan Ammann, the incoming president of General Motors Co, said on Monday the automaker expects the U.S. market to continue to grow modestly in 2014.. "We see modest continued growth in the industry here in the U.S., in line with general expectations," Ammann said at the North American International Auto Show in Detroit.

  • Hungary, Slovenia to see more western bank withdrawal. *Russia bailout of Ukraine may cause problems for both. EBRD chief economist Erik Berglof said banks in Hungary and Slovenia were particularly at risk and though the Baltics were near a turning point, more exits were likely there too.

  • Sterling dips, Treasury acts on Scottish vote concerns Monday, 13 Jan 2014 | 11:07 AM ET

    LONDON, Jan 13- Sterling and gilt yields dipped in steady trade on Monday with a move by the UK Treasury to head off any nerves around this year's vote on Scottish independence prompting the first open market talk of the risks involved.

  • NEW YORK, Jan 13- A measure of world stock markets rose to near a six-year high on Monday while the dollar and bond yields slipped as last week's surprisingly weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.

  • *Nine out of 10 worst UK funds in 2013 focused on gold. It comes as no surprise then that nine of the 10 worst-performing funds in the UK in 2013, and six out of the 10 worst in the United States made bets on gold equities. At the top of that list is the Junior Gold fund, which lost almost 66 percent- a level that even its manager, Angelos Damaskos, describes as "eye-watering".

  • DETROIT, Jan 13- Ford Motor Co may incorporate more aluminum into its other models in the future, executives said, after the second-largest U.S. automaker unveiled a new lightweight version of its F-150 pickup truck at the Detroit auto show on Monday.

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