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  • NEW YORK— Chesapeake Energy sought to assure investors Monday that it is not planning to file for bankruptcy protection after a news report saying it hired a law firm sent its stock plummeting. The Oklahoma City company has slashed spending and cut jobs to save money. Shares of Chesapeake Energy Corp. fell more than 50 percent to $1.50 Monday before trading was...

  • Feb 8- Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • DUBAI, Feb 8- Iran plans to turn itself into a major food exporter, hoping the lifting of sanctions will boost international trade and allow investment in the agricultural sector, an official in Iran's state grain buying agency said. Foreign business delegations have flocked to Tehran since the United States, European Union and United Nations lifted...

  • No tangible signs emerged from a meeting on Sunday between Saudi Arabia's oil minister Ali al-Naimi and his Venezuelan counterpart that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump. After a flurry of diplomacy over the last two weeks about a possible production cut roiled oil markets, Sunday's meeting between cash-strapped...

  • *S&P financial index falls about 3 pct. NEW YORK, Feb 8- Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10- year Treasury yields hit their lowest in a year on demand for assets deemed less risky. Wall Street continued Friday's...

  • A bill to hold a referendum in November on casino expansion has been approved by committees in the Senate and Assembly, which took the most recent vote Monday morning. The referendum would amend the state Constitution to permit casino gambling outside of Atlantic City. Assemblyman Chris Brown, an Atlantic City- area Republican, said voters need to know how much...

  • Feb 8- Shares of companies offering data analytics and cloud services, including Tableau Software Inc, fell sharply again on Monday amid worries that their customers were cutting spending. Tableau shares fell another 10 percent to $37.28. RBC Capital Markets analysts asked in a research note.

  • *Dollar falls to lowest vs yen since November 2014. NEW YORK, Feb 8- The dollar fell to a 15- month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency. "A bit of it is positioning," said Charles St-Arnaud, senior...

  • FRANKFURT, Germany— Volkswagen says its quality control chief is leaving the company. Frank Tuch, 48, is being replaced as the company deals with a scandal over diesel vehicles equipped to cheat on emissions testing. Volkswagen is being sued by the U.S. Justice Department over some 600,000 vehicles that turned off emissions controls when not being tested.

  • The company's shares plunged 51 percent to $1.50 in early trading. Chesapeake, which has more than $10 billion in debt, has been hit by a steep fall in both oil and gas prices. Chesapeake reported cash and cash equivalents of approximately $1.8 billion on Sept. 30, according to public filings.

  • LONDON, Feb 8- British prosecutors have delayed the start of their third Libor trial after new information was provided by Barclays, the former employer of the latest group of traders charged with conspiracy to manipulate financial benchmark interest rates. The trial will mark a watershed for the SFO, which has obtained one conviction but seen six brokers...

  • MINSK, Belarus— The leader of Belarus says Russia has promised to offer financial assistance to his nation. Russia has provided Belarus with cheap natural gas and released $900 million in loans to Belarus last year. Russia and its western neighbor have developed close economic and military ties, but Lukashenko has bristled at Moscow's attempts to gobble up...

  • *U.S. shale, OPEC complicate oil price recovery. PARIS/ BRUSSELS, Feb 8- Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say. The differences this time include the depth of uncertainty over any oil...

  • BERLIN, Feb 8- Volkswagen's former head of group quality control Frank Tuch has left the carmaker as chief executive Matthias Mueller overhauls senior management positions following the emissions test-rigging scandal. Volkswagen said on Monday that Tuch quit the company at his own request "to take on new responsibilities elsewhere". Tuch was appointed as...

  • WASHINGTON— Things looked so clear back in mid-December. The Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016.. But as Chair Janet Yellen addresses Congress this week, most analysts and investors think the Fed will raise rates fewer than four times this year, if at all.

  • NEW YORK, Feb 8- U.S. "Weakness in global equities is adding pressure on Treasuries," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. Investors concerned about slowing growth noted data showing China's foreign reserves fell for a third consecutive month in January as the central bank dumped dollars to defend the yuan...

  • Brent futures fell 68 cents to $33.38 a barrel, a 2 percent loss, by 10:36 a.m. EST, paring a fall of as much as 3.3 percent earlier in the session. "With the possibility of a production cutting deal quickly fading into the sunset, market participants are once again left to focus on the reality of the oversupplied global market," Energy Management Institute analyst...

  • *Company postpones fourth-quarter results to Feb. 29. Feb 8- Shopping center owner and operator Brixmor Property Group Inc said its CEO and two other top officers resigned after an internal review found that its financial statements were tampered with, sending its shares down as much as 25 percent. "The board is disappointed to have learned of the conduct and lack...

  • TERRE HAUTE, Ind. _ First Financial Corp. on Monday reported fourth-quarter profit of $7.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. First Financial Corp. shares have declined slightly more than 6 percent since the beginning of the year.

  • *U.S. crude falls below $30 per barrel. Feb 8- Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist...