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  • SAN FRANCISCO— Uber says it will pay $28.5 million to settle two lawsuits that said the ride-hailing firm misled customers about its safety procedures and fees. The company on Thursday told a federal judge in San Francisco that it wants to settle the class-action lawsuits by paying about 25 million riders who made trips between Jan. 1, 2013, and Jan. 31, 2016.

  • SINGAPORE, Feb 12- Chicago soybeans climbed to a one-week high on Friday, rising for a second session on support from strong demand for U.S. exports as the market eyes the return of Chinese buyers to make further purchases. Chicago Board Of Trade most-active soybeans are up 0.9 percent this week, partially recouping last week's 1.7 percent loss.

  • TOKYO— Japan's main stock index dived more than 5 percent Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in Europe and the U.S. Shares in New Zealand, Taiwan and Thailand fell while Singapore and Indonesia rose. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • *When USD falls 1 yen, it pushes down Nikkei by 400 yen- Nomura. TOKYO, Feb 12- Japan's Nikkei share average fell more than 5 percent to a fresh 16- month low on Friday, and was set for its biggest weekly drop since 2008 as investors rushed to dump risky assets after the dollar dived to a 15- month low against the yen. Japanese markets were closed for a public holiday on...

  • SYDNEY, Feb 12- Australia's central bank governor said Australia's economy should continue to grow moderately as falling mining investment is offset by growth elsewhere, although the current turmoil in global markets could scuttle this view. I don't expect that we will be able to answer that question for a little while yet, " Reserve Bank of Australia Governor...

  • SYDNEY, Feb 12- U.S. soybeans edged up to a one-week high on Friday and was set to post a weekly gain of nearly 1 percent, underpinned by strong demand for U.S. supplies. *The USDA said on Thursday morning that weekly export sales of soybeans totalled 601,000 tonnes. *The USDA reported weekly corn export sales of 346,100 tonnes, well below forecasts for 800,000 to 1.1...

  • Feb 11- Louisiana Governor John Bel Edwards presented a dire picture of the state's fiscal situation on Thursday, urging lawmakers to consider a set of budget cuts and revenue-raising measures, including tax increases. The state is contending with a $940 million budget deficit for the current fiscal year and a $2 billion projected deficit for the next fiscal...

  • SINGAPORE, Feb 12- Crude oil prices jumped almost 6 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Yet analysts said they saw little chance of OPEC and non- OPEC producers agreeing on a common policy and that low prices as a...

  • WASHINGTON, Feb 11- The U.S. Air Force on Thursday said it had replaced its acting acquisition chief, Richard Lombardi, after he disclosed that he had failed to report his wife's Northrop Grumman Corp retirement account on his annual financial disclosure form. Government Accountability Office is due to rule on a protest filed by Boeing Co and Lockheed Martin...

  • *Rajan wants to integrate India into global economy, debate. MUMBAI, Feb 12- In a video conference in mid-2014, Indian central bank governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81- year-old central bank. But in the storied halls of the Reserve Bank of India, where staff have to...

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • MELBOURNE, Feb 12- London copper firmed on Friday but was still facing its biggest weekly drop in a month as a holiday in top consumer China eroded buying support and fears of another wave of bank defaults fuelled jitters over the global economy. *The Shanghai Futures Exchange was closed for a fifth day for China's New Year celebrations and will reopen on Monday.

  • Democrats failed in their attempt to amend the legislation to retain the flight service as part of the FAA. The failed Democratic amendment to keep air traffic control within the FAA would have made FAA funding mandatory, protecting it from political squabbles over the budget. It would also have required reforms to ensure adequate controller staffing and the...

  • *Rising yen, falling stocks undermines Japan's economy. TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday the government would take necessary steps to deal with currency volatility, the minister's strongest hint of intervention since the yen began its surge this month. The dollar fell below 111 yen on Thursday to hit its lowest level since October...

  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • HOUSTON _ Forum Energy Technologies Inc. on Thursday reported a fourth-quarter loss of $163.6 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Ten analysts surveyed by Zacks expected $195.6 million.

  • SINGAPORE, Feb 12- Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe haven demand. Spot gold rose to $1,260.60 on Thursday, its highest in a year, before paring some gains to close up 4 percent in its biggest daily gain in about 2-1/ 2 years.

  • *Yen at 15- month high despite Japan's verbal intervention. TOKYO, Feb 12- Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. Shares in Australia and South Korea fell about 0.5 percent...

  • Bill Shuster, R- Pa., said "transformational" change is needed because the FAA's air traffic modernization program is taking longer and costing more than anticipated. Both sides agree the delays and cost overruns have come partly because Congress has subjected the agency to shutdowns, furloughs and repeated short-term funding extensions.

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...