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  • U.S. stocks rose on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $40.65, up 171 pct. **HEWLETT-PACKARD CO, $15.67, down 8.4 pct.

  • *Co plans to meet with FDA around year-end or early next year. By Adithya Venkatesan and Balaji Sridharan. Oct 3- An experimental drug improved walking ability in boys suffering from a rare degenerative disease that causes progressive muscle loss, data from a new study showed, nearly tripling the market value of its developer Sarepta Therapeutics Inc.

  • By Neil Maidment LONDON, Oct 3- British outsourcing firm Capita. The trade union representing staff under Capita's existing contract said the coalition government is likely to award the deal to Tata Consultancy Services, part of India's salt-to-steel conglomerate Tata Group.

  • **SAREPTA THERAPEUTICS INC, $40.19, up 168 pct. **BIOLASE INC, $2.11, up 27 pct. The company said health regulators in Europe and the United States approved its laser device for use in soft tissue surgery, teeth whitening, and pain therapy.

  • NEW DELHI, Oct 3- India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a government minister told reporters on Wednesday.

  • Biolase shares soar as dental laser device gets approval Wednesday, 3 Oct 2012 | 10:48 AM ET

    Oct 3- Biolase Inc said health regulators in Europe and the United States granted approval for its laser device Epic 10 for use in soft tissue dental surgery and other procedures, sending its shares up as much as 34 percent.

  • Citi reiterates "buy" rating on Netflix, shares rise Wednesday, 3 Oct 2012 | 10:36 AM ET

    Oct 3- Citi Investment Research stood by its "buy" rating on Netflix Inc despite several risks surrounding the online streaming video company's growth prospects. "Netflix remains one of the most controversial stocks we cover," Citi analyst Mark Mahaney said in a research note to clients. "

  • The Nasdaq Composite Index rose 0.37 percent. **SAREPTA THERAPEUTICS INC, $30.30, up 102 pct. **INTERMUNE INC, $9.74, up 10 pct.

  • RPM fiscal 1Q profit tumbles on charges Wednesday, 3 Oct 2012 | 10:20 AM ET

    MEDINA, Ohio-- RPM International Inc. said Wednesday its fiscal first-quarter net income fell by more than half, hurt by hefty charges mostly related to a drop in value of assets in India.

  • Luxfer Holdings rises in market debut Wednesday, 3 Oct 2012 | 10:17 AM ET

    Oct 3- American Depository Shares of Luxfer Holdings Plc, a British maker of high-performance materials and gas cylinders, rose 17 percent in their market debut, a day after the company priced its initial public offering below its expected price range.

  • UPDATE 3-Seadrill looks to move from Norway, CEO quits Wednesday, 3 Oct 2012 | 10:00 AM ET

    *Seadrill may move to London, Singapore.

  • Oct 3- Loan servicer Ocwen Financial Corp will buy Homeward Residential Holdings Inc from private equity firm WL Ross& Co LLC for about $750 million to strengthen its hold on the residential mortgage servicing market. The company's shares jumped as much as 16 percent to a life-high of $33.57 in early trading on the New York Stock Exchange on Wednesday.

  • DryShips COO steps down Wednesday, 3 Oct 2012 | 9:57 AM ET

    Oct 3- Greece- based drybulk shipper DryShips Inc. DryShips, which is considered to be a bellwether stock for shipping, said his duties will be absorbed by the existing management team. Khanna will also step down from his position as the chief marketing officer of Ocean Rig UDW Inc, the drilling unit of DryShips.

  • UPDATE 1-BG offloads Gujarat Gas stake for $470 mln Wednesday, 3 Oct 2012 | 9:37 AM ET

    LONDON/ MUMBAI Oct 3- BG Group said it agreed to sell its majority stake in western India- based Gujarat Gas for $470 million to a unit owned by India's state-run Gujarat State Petroleum Corp, as part of the British oil firm's disposal programme.

  • **SAREPTA THERAPEUTICS INC, Tuesday close $14.99, up 135 pct premarket. **HEWLETT-PACKARD CO, Tuesday close $17.13, up 0.4 pct premarket. **GOOGLE INC, Tuesday close $756.99, up 0.13 pct premarket.

  • MOVES-UBS, Scotiabank, Aviva Investors, Marex Spectron Wednesday, 3 Oct 2012 | 9:19 AM ET

    The bank promoted Min-Lan Tan, who was most recently head of Singapore equities and research, to global head of macro strategy research. The asset manager named David Brunner as a regional sales manager within the UK third-party distribution team. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.

  • **SAREPTA THERAPEUTICS INC, Tuesday close $14.99, up 135 pct premarket. **HEWLETT-PACKARD CO, Tuesday close $17.13, up 0.4 pct premarket. **GOOGLE INC, Tuesday close $756.99, up 0.13 pct premarket.

  • Oct 3- Loan servicer Ocwen Financial Corp will buy Homeward Residential Holdings Inc from private equity firm WL Ross& Co LLC in a deal valued at about $750 million. Ocwen will pay $588 million in cash and offer $162 million convertible stock to buy the company, which services 422,000 mortgage loans, it said in a statement.

  • Indian banks' business barely grows in July-September Wednesday, 3 Oct 2012 | 9:18 AM ET

    MUMBAI, Oct 3- Indian banks' business barely grew in the second quarter of the fiscal year that started in April as weak sentiment in a slowing economy curbed the appetite for credit and lenders were wary of large deposits.

  • Pearson chief executive to step down Wednesday, 3 Oct 2012 | 9:00 AM ET

    LONDON-- Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.

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