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  • Solar panel maker Suntech's interim CFO steps down Wednesday, 10 Oct 2012 | 5:45 PM ET

    Oct 10- Suntech Power Holdings Co Ltd, the world's largest maker of solar panels, said its interim chief financial officer Anlin Ting-Mason had stepped down due to personal reasons. Mason will continue as CFO of Suntech America, the company said in a regulatory filing.

  • For risk-reward, look beyond Southeast Asian equities Wednesday, 10 Oct 2012 | 5:04 PM ET

    BANGKOK, Oct 11- Year-to-date stock index gains in Thailand and the Philippines that are double those on broad Asian and world indexes suggest the easy money may already have been made in Southeast Asia.

  • YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.

  • *Boeing says contract lowers costs. WASHINGTON, Oct 10- Boeing Co said on Wednesday that it had received a $2 billion contract to continue providing logistics support for the U.S. military's fleet of C-17 transport planes through 2017.. Boeing said the sustainment program, which has expanded to 246 aircraft from 42, helps lower costs through economies of scale.

  • Oct 10- Activist investor Clinton Group said it will no longer push for the sale of women's clothing retailer Wet Seal Inc after winning control of the board last week, but will instead focus on turning the company around.

  • Oct 9- Inrix Inc, which provides road traffic data, is working with Goldman Sachs Group Inc and JPMorgan Chase& Co to help it file for an initial public offering likely next year, the Wall Street Journal reported.

  • NY cotton ends slightly up ahead of USDA monthly report Wednesday, 10 Oct 2012 | 3:36 PM ET

    *Cotton market awaits USDA supply/demand report Thursday. The cotton market was awaiting the U.S. Department of Agriculture's monthly report due on Thursday for any signs of damage to new crops in west Texas, the major U.S. growing region, after recent wet weather.

  • UPDATE 3-Clinton Group no longer seeking sale of Wet Seal Wednesday, 10 Oct 2012 | 2:46 PM ET

    Oct 10- Activist investor Clinton Group said it will no longer push for the sale of women's clothing retailer Wet Seal Inc after winning control of the board last week, but will instead focus on turning the company around.

  • WAfrica Crude-Slide halts ahead of Asian tenders Wednesday, 10 Oct 2012 | 1:49 PM ET

    GENEVA, Oct 10- West African crude oil differentials paused on Wednesday after a sell-off earlier in the week as traders waited for the results of outstanding Asian tenders. But they said sales could improve in the next few session if India's Mangalore Refinery and Petrochemical Ltd.

  • LBJ biography, Mideast memoir among book award finalists Wednesday, 10 Oct 2012 | 1:20 PM ET

    NEW YORK, Oct 10- Books about war-torn Iraq and post-World War II Eastern Europe, Lyndon Johnson and Mumbai were among 20 finalists announced on Wednesday for the annual National Book Awards, among the most prestigious in U.S. publishing.

  • Oct 10- Activist investor Clinton Group said it will no longer push for a sale of Wet Seal Inc, which it won control of last week, but will instead focus on turning around the women's clothing retailer.

  • Oct 10- U.S. tax preparer H&R Block Inc said it was exploring strategic alternatives for its banking unit to avoid heavy costs associated with stricter supervision under the Dodd-Frank Act. H&R Block, like other companies with small banking units, is under pressure to get out of the business to escape costly oversight by the U.S.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • NEW DELHI, Oct 10- Tata Steel's Europe unit will receive the first iron ore shipment from its Benga project in Mozambique by end-October, a top official said, a first step towards addressing the cost volatility affecting its European operations.

  • Iranian minister woos Indian businesses Wednesday, 10 Oct 2012 | 10:25 AM ET

    The United States and the European Union have imposed sanctions on Iran to deter it from pursuing a nuclear weapons program. The U.S. has pressed India to scale back its imports of Iranian crude to support those sanctions, but energy-starved India remains one of Iran's biggest oil purchasers.

  • Rice seller Amira climbs in 1st day on NYSE Wednesday, 10 Oct 2012 | 10:12 AM ET

    NEW YORK-- Shares of basmati rice seller Amira are rising in their first day of trading Wednesday on the New York Stock Exchange after the company raised $90 million in an initial public stock offering. Amira Nature Foods Ltd., which is based in the United Arab Emirates, sells packaged rice grown in India in more than 40 countries.

  • India's Sterlite to raise 5 bln rupes via bonds - source Wednesday, 10 Oct 2012 | 10:05 AM ET

    MUMBAI, Oct 10- India's Sterlite Industries. plans to raise 5 billion rupees through a bond issue at 9.40 percent, a source with direct knowledge of the deal told Reuters on Wednesday. Axis Bank is the sole arranger for the deal, the source said.

  • Oct 10- U.S. tax preparer H&R Block Inc said it was exploring strategic alternatives for its banking unit to avoid heavy costs associated with stricter supervision under the Dodd-Frank Act. H&R Block, like other companies with small banking units, is under pressure to get out of the business to escape costly oversight by the U.S.

  • *Looming risk to safe-haven flows to U.S., Japan* IMF tone in contrast to more upbeat mood in Europe* IMF says global financial confidence "very fragile".

  • Oct 10- Activist investor Clinton Group said it will no longer push for a sale of Wet Seal Inc, which it won control of last week, but will instead focus on turning the apparel retailer around. On Friday, the investment firm managed to get four of its nominees elected to Wet Seal's eight-member board. Wet Seal also named a Clinton Group nominee as chairman on Wednesday.