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*China's physical gold import from Hong Kong hit record. Bullion rose earlier in the session after data showed Hong Kong's net gold flow to mainland China jumped 47 percent in 2012 to a record high. The report was consistent with latest data showing renewed gold interest among central banks such as Russia, South Korea and other emerging economies. "
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WASHINGTON, Feb 5- The fiscal 2013 U.S. budget deficit will dip to $845 billion after four straight years of $1 trillion- plus deficits, the Congressional Budget Office said on Tuesday, largely because of higher taxes now being paid by wealthy Americans.
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NEW YORK, Feb 5- A federal jury on Tuesday ordered Merck& Co Inc to pay $285,000 in a lawsuit over the risks of its osteoporosis drug Fosamax, only a second loss for the company after several earlier trials.
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WASHINGTON, Feb 5- Key Democratic and Republican senators reintroduced legislation on Tuesday that would make it illegal for brand-name pharmaceutical companies to pay generic drug makers to keep their cheaper medicines off the market.
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Feb 5- Kellogg Co forecast 2013 earnings that looked better than analysts expected as it continues turning around its business. "We are essentially a turnaround that is turning... and heading in the right direction," said Chief Executive John Bryant.
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WASHINGTON, Feb 5- President Barack Obama on Tuesday asked Congress to avoid deep spending cuts with a stopgap bill and said he is committed to cutting the nation's deficit to manageable levels over the long term.
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Feb 5- Jim O'Neill, the chairman of Goldman Sachs Group Inc's asset management division who coined the popular term "BRIC" to refer to four fast-growing emerging markets, will retire later this year, according to an internal memo.
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*Q4 EPS 92 cents ex legal costs tops view 82 cents. Feb 5- HCA Holdings Inc, the largest U.S. for-profit hospital operator, on Tuesday reported lower quarterly net earnings due to costs to settle legal claims, but revenues were boosted as more patients sought treatment during a severe flu season.
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*Avondale did commercial work two decades ago. *Will reevaluate plan to close Avondale later this year. Chris Kastner, corporate vice president and general manager of corporate development, told Reuters that Huntington Ingalls would reevaluate plans to close the Avondale facility, or lay off more workers, depending on how the new business did this year.
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BRUSSELS, Feb 5- A dispute over how far to open agricultural markets to imports is holding up a free trade agreement between Canada and the European Union, officials familiar with the negotiations said on Tuesday.
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*Trade believes China building more sugar warehouses. DUBAI, Feb 5- China is storing a growing mountain of sugar it does not want or need as inflated domestic prices, designed to protect farmers who face some of the world's highest production costs, attract imports from a global market overflowing with supplies.
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Feb 5- The U.S. government is seeking $5 billion in its civil lawsuit against Standard& Poor's, accusing the ratings service of defrauding investors, in one of the most ambitious cases yet from the Justice Department over conduct tied to the financial crisis.
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*Technical buying, Ivory Coast supply concerns lift cocoa. NEW YORK/ LONDON, Feb 5- Cocoa futures on ICE climbed to a two-week high on Tuesday and notched the largest one-day gain since mid-November, spurred by technical buying and supply concerns in top-grower Ivory Coast.
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*Drugmakers under fire for keeping medicine data secret. LONDON, Feb 5- Britain's largest drugmaker GlaxoSmithKline is extending a promise to make more of its pharmaceutical research data public by publishing detailed clinical study reports as well as the results of all drug trials.
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*UK wants to protect its annual rebate from Brussels. It will be the Cameron's first European summit since he set out his plan last month to claw back powers from Brussels and put the changes to voters in an "in or out" referendum on Britain's membership of the 27- nation bloc.
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*Ally posts $1.4 bln qtrly profit vs $206 mln year-ago loss. Feb 5- Ally Financial Inc, the U.S. auto lender that is majority-owned by the U.S. government, is working to repay $5.9 billion in preferred stock owned by the U.S.
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SAO PAULO, Feb 5- Brazilian planemaker Embraer SA does not expect further cuts to its commercial jet output in coming years, executives said on Tuesday, after laying out plans to trim production of regional E-Jets by as much as 15 percent in 2013..
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Feb 5- Anadarko Petroleum Corp said on Tuesday it has stepped up security at its facilities in Algeria following a deadly gas plant siege by Islamist militants in January. Walker declined to provide additional details, but said his company remained committed to Algeria.
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WASHINGTON, Feb 5- The fiscal 2013 U.S. budget deficit will dip to $845 billion after four straight years of $1 trillion- plus deficits, the Congressional Budget Office said on Tuesday, largely because of higher taxes now being paid by wealthy Americans.
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*Fed to buy $1.25 bln to $1.75 bln debt due 2036-2042. NEW YORK, Feb 5- U.S. Treasuries prices fell on Tuesday as a rebound in Wall Street stocks and less gloomy data on European business activity cut the appetite for safe-haven government debt, pushing benchmark yields back above 2 percent.