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  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday. Gas futures averaged $2.06 during the five trading days ended Feb. 9, compared with $2.17 during the prior week ended Feb. 2. Looking forward, gas futures are higher, fetching...

  • NAUGATUCK, Conn. _ Eastern Co. on Friday reported fourth-quarter profit of $1.7 million. The Naugatuck, Connecticut- based company said it had net income of 28 cents per share. For the year, the company reported profit of $5.7 million, or 92 cents per share.

  • NEW YORK, Feb 12- U.S. The Commerce Department said retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent last month after an unrevised 0.3 percent decline in December. "The upbeat retail numbers provided a rebound and the fear-trade we saw all week seems to have moved on for now," said Kathy Jones, chief fixed...

  • NEW YORK, Feb 12- The global chief investment strategist for BlackRock Inc, the world's largest asset manager, on Friday described Japanese stocks as cheap and "arguably the most oversold" in financial markets.

  • EVEN IF BANK OF JAPAN WEAKENS FURTHER, LIKELY TO LEAD TO WEAKER YEN AND STRENGTH IN JAPANESE EQUITIES EX-BANKS.

  • BLACKROCK'S GLOBAL CHIEF STRATEGIST RUSS KOESTERICH ON CNBC SAYS JAPAN IS CHEAPEST AND' ARGUABLY THE MOST OVERSOLD' MARKET.

  • WASHINGTON, Feb 12- A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen said this week it was still too soon for the central bank to change its view that rate hikes are needed, a position supported by a still-robust pace...

  • NEW YORK— What are Facebook's rules for posting nude images? The question is at the forefront again after a French court ruled Friday that a French art teacher can sue the social media service after it suspended his Facebook account. The latest community-standards policy, from March 2015, says Facebook restricts photos of genitals or fully exposed buttocks, as...

  • BUENOS AIRES, Feb 12- Argentina's main farm group on Friday took complaints against Monsanto Co to local regulators, accusing the company of abusing its dominant position in the market by ordering exporters to inspect soy cargos for second-generation genetically modified seeds. The Argentine Rural Society, which represent medium to large scale producers,...

  • Feb 12- Department store chain operator Kohl's Corp said it was eliminating three senior positions, including chief digital officer, to create a more "nimble organization". The other positions being eliminated are senior vice president of store environment and development and senior VP of communications and public relations, Kohl's said in an emailed...

  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday.

  • NEW YORK— Shares of the Pandora Media plummeted Friday, a day after the Internet radio company reported fourth-quarter earnings that fell short of Wall Street expectations. With that service, Pandora faces increasing competition for users from Spotify, Apple Music and other streaming services, said BTIG Research analyst Richard Greenfield in a note to...

  • LOS ANGELES— A utility company got control of a leaking well that spewed natural gas for nearly four months and uprooted thousands of Los Angeles residents. Southern California Gas Co. reported in October that gas was leaking from a storage well at its Aliso Canyon facility. The leak occurred in a well drilled in 1953 to pump oil from beneath the Santa Susana...

  • NEW YORK/ SAN FRANCISCO, Feb 12- Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves for wireless industry use, a spokeswoman told Reuters on Friday. Google last participated in a 2008 FCC auction but did not buy any airwaves.

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 11.3 percent at $17.27, while the S&P financial index rallied 3.8 percent. "Europe was strong, especially the banks, and that appeared to have some positive carryover effect on banking stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment...

  • NEW YORK, Feb 12- The Bank of Japan designed its new negative interest rates to avoid hurting bank profits, and the recent drop in bank stocks is "overdone," the BOJ's deputy governor said on Friday in what amounted to a defense of last month's shock policy decision. Hiroshi Nakaso, seeking to explain the move to bankers and investors in New York, said that while a key...

  • WASHINGTON, Feb 12- The U.S. government on Friday said it had approved the sale to Pakistan of eight F-16 fighter jets built by Lockheed Martin Corp, radars and other equipment, in a deal valued at $699 million. The Pentagon's Defense Security Cooperation Agency said it had notified lawmakers about the possible sale on Thursday. It said the sale would improve...

  • Atlantic City casino revenue in January 2016, compared to January 2015:. Tropicana: $24 million, up 6.6 percent. Trump Taj Mahal: $12.4 million, up 2.3 percent.

  • NEW YORK, Feb 12- As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end. Jack Ablin, chief investment officer at BMO Private Bank in Chicago, views that as a positive sign. "My suspicion is that you are seeing institutions nibble at extremely compressed valuations," said Peter Kenny, equity market...

  • Volkswagen AG is recalling about 850,000 Audi and VW vehicles in the U.S. from model years 2006 to 2014. The letter said most VW and Audi vehicles have air bag inflators made at Takata's factory in Freiberg, Germany, which have not experienced failures like those made in the U.S. and Mexico. But in the EPA case at least, it's likely to bring millions of dollars in fines...