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  • REFILE-Calpine to buy Texas plant for $432 mln Thursday, 4 Oct 2012 | 7:59 AM ET

    Oct 4- Calpine Corp, the largest U.S. independent power generator, said it will buy an 800- megawatt power plant in Texas from Bosque Power Co LLC for $432 million plus adjustments.

  • Calpine to buy Texas plant for $432 mln Thursday, 4 Oct 2012 | 7:58 AM ET

    Oct 4- Calpine Corp, the largest U.S. independent power generator, said it will buy an 800- megawatt power plant in Texas from Bosque Power Co LLC for $432 million plus adjustments.

  • PUDUCHERRY, India, Oct 4- India's central bank governor said on Thursday inflation had to be brought down further, signalling the bank would stick to a hawkish stance, and the size of the fiscal deficit would be a key factor in determining monetary policy.

  • Google plans to shrink Motorola's operations in Asia by exiting unprofitable markets, abandoning low-end devices and focusing on a few models instead of dozens, the New York Times had reported earlier.

  • U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising between 0.2 and 0.5 percent. **NUVASIVE INC, Wednesday close $22.62, down 27.4 pct premarket.

  • The 180- cst differential dipped $1.10 to a premium of 60 cents a tonne above Singapore spot quotes, lowest since April 18, according to Reuters data. More supply is seen coming out of India, with Indian Oil Corp. South Korean utility Korea District Heating Corp has issued a tender to seek 31,000 tonnes of LSFO or low sulphur waxy residue for delivery until Dec. 30.

  • MUMBAI, Oct 4- India's main BSE index rose to a 15- month peak on Thursday, while the NSE index hit a 17- month high, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as ICICI Bank.

  • Oct 4- Google Inc said planned job cuts at its Motorola Mobility mobile phone unit will cost about $340 million in severance and other costs in the third quarter and it warned of further restructuring.

  • The private equity firm named Phil Seskin as an industry executive in the communications vertical. Most recently, Seskin was senior vice-president of corporate development at Verizon Communications Inc.

  • Oct 4- Google Inc said planned job cuts at its Motorola Mobility mobile phone unit will cost about $340 million in severance and other costs in the third quarter and it warned of further restructuring.

  • MUMBAI, Oct 4- India has shortlisted five banks including Goldman Sachs, Citigroup and Bank of America Merrill Lynch for a selldown of some state shares in miner NMDC Ltd, two sources with direct knowledge of the situation said on Thursday.

  • PUDUCHERRY, India, Oct 4- The Reserve Bank of India Governor Duvvuri Subbarao said on Thursday there was a need to bring down inflation further and the central bank's effort will be to rein in inflation while supporting growth. He was speaking to reporters in the southern city of Puducherry after the central bank's board meeting.

  • Business spooked by UK tax avoidance clampdown Thursday, 4 Oct 2012 | 6:26 AM ET

    LONDON, Oct 4- The activists who have protested in recent months at the tax arrangements of some leading British companies are united with many politicians in wanting to cut corporate tax avoidance.

  • PUDUCHERRY,, Oct 4- India's final fiscal deficit level would be an important variable for the central bank's monetary policy stance, Duvvuri Subbarao, the governor of the Reserve Bank of India said on Thursday. The government aims to keep the fiscal deficit at 5.1 percent of the GDP in 2012/ 13 fiscal year that ends in March.

  • *Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.

  • Indian shares hit multi-month highs; financials rally Thursday, 4 Oct 2012 | 6:11 AM ET

    MUMBAI, Oct 4- India's main BSE index rose to a 15- month high, while the NSE index hit 17- month highs, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as State Bank of India and ICICI Bank. State Bank of India gained 2.2 percent, while ICICI Bank rose 3.1 percent.

  • *Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.

  • NEW DELHI, Oct 4- State explorer Oil India. plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil& Gas's. Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston- based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.

  • LONDON, Oct 4- Turkish stocks fell 1.6 percent on Thursday and credit default swaps jumped after a sharp escalation in political risks caused by retaliatory military raids within the Syrian border. "Clearly a short-term risk for Turkey and Turkish assets," said Simon Quijano-Evans, chief EEMEA economist at ING. MSCI emerging stocks rose 0.3 percent.

  • By Anurag Kotoky NEW DELHI, Oct 4- Kingfisher Airlines Ltd's. efforts to resolve a labour dispute were dealt yet another blow after a group of employees said negotiations in Delhi had "ended in failure" because the Indian airline did not commit to paying overdue salaries.