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Value investors go dumpster diving on Wall Street

By Trevor Hunnicutt and David Randall NEW YORK, Jan 13 (Reuters) - Not every investor is chagrined by the dismal way the year has started in stocks. Some, like self-described value manager Rupal Bhansali, are gleefully loading up on companies that got beaten down when the whole market sold off at the start of the year. Bhansali, whose Ariel International Equity Fund had been socking away cash for just such an occasion, says she is buying in the most battered areas, including the one ide

Appaloosa sues to block SunEdison unit from buying Vivint assets

Jan 13 (Reuters) - David Tepper-led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc's yieldco from taking over some of Vivint Solar Inc's assets after SunEdison acquires the rooftop panel installer.

EU official says Cyprus likely to complete bailout successfully

BRUSSELS, Jan 13 (Reuters) - Cyprus is likely to successfully complete its bailout programme and receive the last tranche of international aid by the end of March, a senior euro zone official said on Wednesday, a move expected to lower the country's borrowing costs.

Auto sales underpin demand for Asia refiners; China tax break expiry may change that

* Crude oil drop means cheaper feedstock prices for refiners Rising car sales in China, India prop up gasoline demand

UPDATE 1-Petrobras hires bank for Braskem stake sale, Folha says

SAO PAULO/BRASILIA, Jan 13 (Reuters) - State-controlled oil producer Petróleo Brasileiro SA hired Banco Bradesco BBI to help sell a 36.1 percent stake in petrochemical giant Braskem SA, Folha de S. Paulo newspaper reported on Wednesday.

UPDATE 2-Premier Oil to buy E.ON's UK North Sea assets - sources

* Premier Oil shares suspended in London (Adds details, background, E.ON declined comment)

Solar investors join list of those smarting from $30/bbl oil

Jan 13 (Reuters) - Add solar energy investors to the list of those smarting from crude oil's latest price dive.

UPDATE 2-Russia seeks spending cuts to ready for low oil price era

MOSCOW, Jan 13 (Reuters) - "New realities" including the possibility that oil prices will remain low for a prolonged period will force Russia to take hard decisions about government spending, its finance minister said on Wednesday.

Brazil's Petrobras mulls sale of Braskem stake - newspaper

BRASILIA, Jan 13 (Reuters) - Brazil's state-controlled oil producer Petrobras is seeking to sell its 5.8 billion Brazilian real ($1.4 billion) stake in petrochemical producer Braskem SA, newspaper Folha de S.

UPDATE 1-Fenner to restructure US conveyor belt business, cut jobs

Jan 13 (Reuters) - Fenner Plc said it planned to restructure its conveyor belt business in North America and reduce about 20 percent of the unit's workforce, as it undertakes another round of cuts to live out a slump in demand from the U.S. coal industry.

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