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  • GENEVA, Nov 14- One hundred Bourbon Parma family jewels, including 10 pieces that belonged to French Queen Marie Antoinette, fetched 53.5 million Swiss francs, setting a world record for a royal collection, Sotheby's said on Wednesday. "The Marie Antoinette provenance is probably second to none. It's a record for a sale of royal jewels, " David Bennett, chairman of...

  • WASHINGTON, Nov 14- Three South Korean companies will plead guilty to criminal charges and pay $236 million for their role in a conspiracy to fix the price of fuel sold to U.S. military bases in South Korea, the Justice Department said on Wednesday. SK Energy Co Ltd; GS Caltex Corp, 50 percent owned by Chevron; and Hanjin Transportation Co Ltd agreed to pay $154 million...

  • NEW YORK, Nov 14- Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China. Philippe Laffont's Coatue Management made a big bet by...

  • NEW YORK, Nov 14- Oil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices. After a record 12 straight days of losses and the steepest one-day loss in more than three...

  • NetApp said it expected revenue of between $1.55 billion and $1.65 billion in the third quarter, the mid-point of which was in line with analysts' average estimate, according to IBES data from Refinitiv. The Sunnyvale, California- based company's shares, which have gained 41 percent this year, were down at $73.89 in extended trading. The company's net income...

  • Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...

  • WASHINGTON, Nov 14- Lockheed Martin Corp has won a preliminary contract valued at as much as $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday. Lockheed is developing and building three models of the new warplanes for the U.S. military and 10 other countries that have signed up to buy the...

  • Nov 14- Warren Buffett's Berkshire Hathaway Inc on Wednesday said it had taken stakes in JPMorgan Chase& Co, Oracle Corp and Travelers Cos, as the conglomerate puts some of its large cash hoard to work. As of Sept. 30, Berkshire owned about $4.02 billion of stock in JPMorgan, the largest U.S. bank by assets, where one of Buffett's investment managers, Todd Combs, is a board...

  • WASHINGTON, Nov 14- China has delivered a written response to U.S. demands for wide-ranging trade reforms, three U.S. government sources said on Wednesday, a move that could trigger negotiations to bring an end to a withering trade war between the world's top economies. Trump has repeatedly railed against Beijing over intellectual property theft, industrial...

  • WASHINGTON, Nov 14- Three South Korean companies will plead guilty to criminal charges and pay $236 million for their role in a conspiracy to fix the price of fuel sold to U.S. military bases in South Korea, the Justice Department said on Wednesday. SK Energy Co Ltd; GS Caltex Corp, 50 percent owned by Chevron; and Hanjin Transportation Co Ltd agreed to pay $154 million...

  • Bolsonaro's pick of career diplomat Ernesto Araujo, 51, underscored Brazil's sharp turn to the right and the reversal of nearly a decade and a half of diplomacy under leftist Workers Party governments that focused on alliances with South American allies and ideological partners- including Cuba. "Brazil's foreign policy should be part of this moment of...

  • *Financials drop as Maxine Waters says regulations won't ease. NEW YORK, Nov 14- Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.

  • *Oil rises as OPEC, partners discuss supply cut. *U.S. yields slide as Wall Street falls. A gauge of global stock markets fell for a fifth straight session, following a volatile session on Wall Street that left major U.S. indexes well in the red.

  • In a court filing on Tuesday, lawyers for Vivendi and for the plaintiffs Christopher Guest, Michael McKean, Rob Reiner and Harry Shearer said they have chosen a mediator who will "attempt to resolve or narrow" the lawsuit. A mediation was scheduled for March 11, 2019, the earliest date everyone could agree on, and the case against Paris- based Vivendi was stayed until...

  • Trump, without presenting evidence, has accused the world's largest online retailer repeatedly over the past year of taking advantage of USPS by not paying enough for deliveries to make the service profitable. USPS reported operating revenue of $70.6 billion for fiscal year 2018, which ended on Sept. 30, as sales at its shipping and packages business rose 10...

  • OIL PRICES PARE GAINS IN POST-SETTLEMENT TRADE AFTER API DATA SHOW MUCH LARGER-THAN-EXPECTED BUILD IN U.S.

  • GASOLINE FUTURES PARE GAINS IN POST-SETTLEMENT TRADE AFTER API DATA SHOW SURPRISE BUILD IN INVENTORIES.

  • Nov 14- Warren Buffett's Berkshire Hathaway Inc on Wednesday said it had taken stakes in JPMorgan Chase& Co, Oracle Corp and Travelers Cos, as the conglomerate puts some of its large cash hoard to work. As of Sept. 30, Berkshire owned about $4.02 billion of stock in JPMorgan, the largest U.S. bank by assets, where one of Buffett's investment managers, Todd Combs, is a board...

  • Nov 14- Cisco Systems Inc reported quarterly revenue and profit that beat Wall Street estimates on Wednesday, lifted by growth across its traditional business of routers and switches, as well as in its newer focus areas such as cyber security and software. Revenue in its application software businesses rose 18 percent to $1.42 billion, beating estimates of...

  • TORONTO, Nov 14- The Canadian dollar was little changed against its U.S. counterpart on Wednesday, holding near its weakest level since July, as the recent sell-off in oil lost some momentum and the greenback declined broadly. The price of oil, one of Canada's major exports, rose on hopes for output cuts after a steep drop a day earlier, while a gauge of global stock...