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  • Saipem's head of digital and innovation, Mauro Piasere, told Reuters on Wednesday that the firm suspects that a Shamoon variant caused between 300 to 400 computers to stop working in an attack that was disclosed by the company on Monday and primarily affected its servers in the Middle East. Shamoon resurfaced again in late 2016 in a series of attacks in the...

  • CONCORD, N.H., Dec 12- A former physician assistant in New Hampshire put his own greed ahead of medical obligations by taking kickbacks from Insys Therapeutics Inc to prescribe patients its highly addictive fentanyl spray, a federal prosecutor said on Wednesday. Attorney Seth Aframe told a federal jury in Concord, New Hampshire, at the start of a trial that the...

  • Dec 12- Johnson& Johnson said its drug Tremfya was found to be more effective than a rival medicine from Novartis AG in reducing the severity and affected area in adults with moderate-to-severe plaque psoriasis in a late-stage study. J&J rose 1.3 percent to $148.5 in morning trading on Wednesday. The company's U.S.-listed shares rose 1.5 percent to $88.50, amid...

  • Spot gold was up 0.2 percent at $1,245.05 per ounce as of 12:26 p.m. EST. In addition to that, we are seeing an ongoing outflow of funds from equities and that money flow into alternative assets continues to support the precious metals complex, "said David Meger, director of metals trading at High Ridge Futures. Investors kept an eye out for developments around...

  • MILAN/ LONDON, Dec 12- European shares rallied on Wednesday after U.S. President Donald Trump sounded upbeat about a trade deal with China and optimism grew that Italy could reach a compromise with the European Commission over its disputed 2019 budget. Trump said late on Tuesday that trade talks with China were progressing with discussions underway by...

  • BRUSSELS, Dec 12- The European Union is preparing to give more Brexit assurances to Britain's Theresa May at a summit this week if she survives a no-confidence vote within her party, but sources said the bloc will do nothing now that contradicts its draft deal with London. But the document may not be legally binding and would not limit the duration of the' backstop'...

  • STRASBOURG, Dec 12- The European Union and Japan will launch the world's largest free trade zone early next year after their economic partnership cleared a final hurdle on Wednesday. While they have agreed to start separate trade talks with the United States, both face trade tensions with Washington and their steel and aluminum producers remain subject to U.S....

  • Dec 12- Bombardier Inc on Wednesday missed out on its second contract in Canada this year after state-owned Via Rail picked Germany's Siemens AG for fulfilling a fresh order of locomotives. Via Rail said on Wednesday it gave Siemens Canada a C $989 million contract to replace its current fleet operating in the Quebec City-Windsor Corridor.

  • *FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct. The FTSE 100 ended the day up 1.1 percent as financials and materials stocks rallied. Heavyweight lender HSBC, which makes a big chunk of its revenue in China, was the biggest contributor to gains followed by BHP and Glencore, boosted by higher metals prices.

  • The FCC said it could reverse the rule that bars a merger among the "Big Four" networks: NBC, owned by Comcast Corp, Walt Disney Co's ABC, CBS Corp's CBS or Fox, owned by Twenty-First Century Fox. The FCC asked if the rule "remains necessary to promote competition, localism, or viewpoint diversity." FCC Chairman Ajit Pai said the commission is "teeing up a number of questions"...

  • Dec 12- United Continental Holdings Inc said on Wednesday it would add flights to New Delhi, Toronto and Melbourne from San Francisco, as the No. 3 U.S. airline looks to tap higher-paying international routes. The airline also plans to start a second daily flight between San Francisco and Seoul as well as new year-round nonstop flights between the U.S. city and...

  • *TENCENT MUSIC ENTERTAINMENT GROUP ADS OPEN AT $14.10 IN DEBUT ON NYSE VERSUS IPO PRICE OF $13/ ADS Further company coverage:.

  • TORONTO, Dec 12- Canadian Foreign Minister Chrystia Freeland will hold a media conference to discuss Canadian extradition procedures on Wednesday at 4:15 P.M. ET, a government statement said on Wednesday. The briefing comes at a time when Huawei Technologies Co Ltd CFO Meng Wanzhou is fighting an extradition request from the United States.

  • Dec 12- U.S. stocks jumped on Wednesday, boosted by the technology sector, as indications that Beijing would ease its "Made in China 2025" industrial policy added to optimism fueled by President Donald Trump's upbeat comments on trade. Trump, in an interview with Reuters, said trade talks were already underway and that China was buying a "tremendous amount" of U.S....

  • By Dominique Vidalon, Martinne Geller and Sudip Kar-Gupta. LONDON/ PARIS, Dec 12- Elliott Management has built up a stake in Pernod Ricard and called on the family-backed French drinks company to boost profit margins and improve returns for investors. New York- based Elliott, which has $35 billion under management and a track record of pushing hard for change in...

  • *Climate talks in Poland due to end this week. KATOWICE, Poland, Dec 12- Governments attending climate talks in Poland are working to ensure economies and jobs are preserved in the shift away from coal-fired power generation, Canada's environment minister said. That's a big issue here in Poland but it is also an issue in Germany, "she said.

  • BERLIN, Dec 12- Two German property firms on Wednesday said they plan to invest 1 billion euros to develop tiny apartments with communal facilities across Europe in the next three to five years, with a big U.S. expansion by the co-living operator expected in 2019.. Medici Living also plans to match the European funding to expand its U.S. operations and is targeting...

  • Dec 12- Shares of China- based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. The IPO raised $1.1 billion in proceeds and is one of the largest by a Chinese company in the United States this year,...

  • ISTANBUL, Dec 12- Turkey will issue foreign currency bonds to individual investors from next week, its Treasury said on Wednesday, a move aimed at broadening the government's funding and tapping into money that is sitting in bank accounts. The crisis was sparked by investor concerns about the central bank's independence and a diplomatic rift with the United...

  • WASHINGTON, Dec 12- U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs. The strength in underlying inflation reported by the Labor Department on Wednesday supports views that the Federal Reserve will raise interest...