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  • WASHINGTON— The Supreme Court has sided with California- based Life Technologies Corp. in a patent infringement case that limits the international reach of U.S. patent laws. Life Technologies supplied an enzyme used in DNA analysis kits to a plant in London and combined it with several other components to make kits sold worldwide. Wisconsin- based Promega...

  • NEW YORK, Feb 22- The euro hit a six-week low against the dollar on Wednesday on concern over France's presidential election campaign, a growing gap between U.S. and euro zone interest rates and the increasing risk of a rate increase from the Federal Reserve in March. The euro fell below $1.05 for the first time in six weeks to $1.0494 in early trading.

  • *Follows rejection of $143 bln Kraft takeover bid. LONDON, Feb 22- Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid, with the promise of a swift, far-reaching review. Kraft, backed by Warren Buffett and private equity firm 3 G, had wanted to buy Unilever, which is being advised by Centerview following...

  • The Standard& Poor's 500 index lost 5 points, or 0.2 percent, to 2,360. The Nasdaq composite shed 12 points, or 0.2 percent, to 5,853. The Russell 2000 index of small-company stocks slid 5 points, or 0.3 percent, to 1,405.. TAKE IT TO THE HOUSE: Luxury home builder Toll Brothers announced stronger first-quarter results than analysts expected, and the company said it...

  • *Listing of Aramco could raise up to $100 billion. Industrial and Commercial Bank of China International Holdings, a wholly-owned Hong Kong- based subsidiary of Industrial and Commercial Bank of China, and China International Capital Corporation are among the Chinese banks pitching for the deal, two other sources familiar with the matter said.

  • LONDON, Feb 22- A former Barclays trader had his jail term for conspiring to rig global Libor interest rates cut by one year to five-and-a-half years by the Court of Appeal in London on Wednesday. Merchant is the second person to have a Libor-related sentence reduced by London's Court of Appeal. Hayes is also challenging a plan by the UK regulator to ban him from...

  • NEW YORK— Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer. Unilever and Kraft Heinz said in a joint press release on Sunday that Kraft Heinz had "amicably" abandoned its offer. The deal that was withdrawn would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands,...

  • *Kengeter faces German demands HQ move to Frankfurt. The $27- billion- plus deal to create Europe's biggest stock market was struck before Britain voted to leave the European Union. Brexit has prompted German politicians to demand that the merged company's headquarters move to Frankfurt, setting the scene for a clash with Britain as it seeks to safeguard...

  • *Minutes of Fed's last meeting due 1900 GMT. LONDON, Feb 22- Nervous investors looked for new signals on whether U.S. interest rates would rise in March and on U.S. "We see the risks as pretty binary in the gold market," Carsten Menke, commodities research analyst at Julius Baer in Switzerland, said.

  • LONDON, Feb 22- Anglo-Dutch consumer goods group Unilever said it was reviewing its options to drive shareholder value, just days after it swiftly rejected a surprise $143 billion takeover bid from Kraft Heinz. Kraft, which is backed by Warren Buffett and the private equity firm 3 G, had wanted to buy Unilever as part of its strategy of buying competitors and...

  • *UK economy expands 0.7 pct in Q4, fastest growth in a year. LONDON, Feb 22- Britain's economy sped up at the end of 2016, data showed, but over the whole year it was weaker than previously thought and there were signs that the Brexit vote will increasingly act as a brake on growth in 2017.. The pound fell after Wednesday's Office for National Statistics figures, which no...

  • PARIS, Feb 22- AccorHotels, Europe's largest hotelier, posted a record operating profit for 2016, which beat expectations, as restructuring efforts paid off and robust demand in Germany and Britain offset weakness in France. Having recruited former French President Nicolas Sarkozy to head its international strategy, AccorHotels said it was moving along...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON, Feb 22- Britain's business minister said on Wednesday he will set out proposals over the government's stance towards the possible foreign takeover of British firms, particularly in critically important areas such as nuclear power, in the coming weeks. Anglo-Dutch firm Unilever rejected a $143 billion bid from U.S. rival Kraft Heinz last week and Prime...

  • LONDON— Britain's economy grew less quickly than originally estimated in 2016, losing the mantle of being the fastest-growing among the Group of Seven of the world's biggest economies. The Office for National Statistics says growth was revised down to 1.8 percent from the 2 percent originally estimated. Chris Williamson of financial research firm IHS...

  • LONDON, Feb 22- Bank of England Deputy Governor Jon Cunliffe warned on Wednesday that requiring financial instruments to be cleared in a country that uses the currency in which they are denominated would bump up costs and splinter markets. Cunliffe said the clearing of a single pool of multi-currency instruments, as done by LCH clearing house in London, allowed...

  • BRUSSELS— Italy's government was put on notice Wednesday that it may face a fine from the European Union for not getting the country's debt levels down. In a report on Italy's debt, the executive European Commission urged Rome to take more cost-saving measures, worth up to 0.2 percent of its annual GDP. Moscovici said any "excessive deficit procedure" against...