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  • U.S. stocks were poised to rise at the open, with the S&P 500 set to hit its highest since 2007, as a surprise drop in the jobless rate gives legs to this week's rally. S&P 500 futures rose 6.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

  • Clearwater Paper CEO to retire, COO to take over Friday, 5 Oct 2012 | 8:58 AM ET

    Oct 5- Clearwater Paper Corp, which makes paper napkins and packaging paper, said Chief Executive Gordon Jones will retire at the end of the year and Chief Operating Officer Linda Massman will take over. In May, hedge fund SAC Capital Advisors, which at the time held a 7 percent stake in the company, wrote to Jones that Clearwater Paper was "deeply undervalued".

  • The Reserve Bank of India said on Friday it accepted all 13 bids for 102.35 billion rupees at its three-day afternoon repo auction, through which it injects liquidity into the banking system. It also accepted all 16 bids for 202.30 billion rupees at its three-day reverse repo auction, through which it absorbs excess liquidity from the banking system.

  • **ZYNGA INC, Thursday close $2.81, down 22.4 pct premarket. Brokerages lowered their price targets on Zynga's stock by up to $3 per share after the social-games maker slashed its 2012 outlook for the second time due to a decline in paying customers. Facebook, which derives over a tenth of its revenue from fees paid by Zynga, was also set to open lower as was Groupon.

  • MUMBAI, Oct 5- Indian shares fell on Friday, snapping a four-day rise, as profit-taking hit recent out-performers such as ICICI Bank, while sentiment was also hit after dozens of erroneous orders by a financial firm triggered a brief halt in the NSE index. The National Stock Exchange index.

  • Oct 5- Clothing retailer Wet Seal Inc replaced four of its board members with Clinton Group nominees, ending months of attempts by the activist investor to take control of the board. Under the new team, Wet Seal has been trying to return to a fast-fashion model by maintaining light inventories to respond faster to new styles and trends.

  • MUMBAI, Oct 5- Indian banks' loans rose 16.4 percent in the two weeks to Sept. 21, compared with a 19.5 percent increase in the same period year ago, while deposits grew 13.7 percent versus 17.5 percent a year earlier, the Reserve Bank of India's weekly statistical supplement showed on Friday.

  • MARKET PULSE- Zynga, Facebook Friday, 5 Oct 2012 | 7:37 AM ET

    U.S. stock index futures pointed to a mixed open on Wall Street, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent. **ZYNGA INC, Thursday close $2.81, down 19.2 pct premarket.

  • MUMBAI, Oct 5- India's foreign exchange reserves. rose to $294.81 billion as of Sept. 28 from $293.97 billion in the previous week, the central bank said in its weekly statistical supplement on Friday. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund.

  • Oct 5- Struggling clothing retailer Wet Seal Inc. Clinton, which holds about 7 percent of the company, has argued that Wet Seal's management has made several mistakes in running the company, resulting in poor performance over the last five years. Shares of the Foothill Ranch, California based company closed at $3.14 on the Nasdaq on Thursday.

  • MUMBAI, Oct 5- Indian banks would reduce their interest rates if the Reserve Bank of India cuts its key lending rate at its mid-term policy review on Oct. 30, the chief of an Indian banks' body assured the central bank governor on Friday.

  • *Gold hits highest since Nov 2011; just shy of $1,800* Coming up: U.S. non-farm payrolls, Sept; 1230 GMT By Clare Hutchison.

  • Asia Fuel Oil-Oct/Nov plunges to over six-month low Friday, 5 Oct 2012 | 7:08 AM ET

    Cash differential for the 180- centistoke grade fuel oil flipped into negative territory for the first time in nearly six months, being valued at a discount of 50 cents to Singapore spot quotes, according to Reuters assessment. The refiner bought the parcal from Bakri at a premium of $67.00- $68.00 a tonne to Singapore spot quotes.

  • MOVES-JPMorgan, Alliance Trust, Berenberg Bank Friday, 5 Oct 2012 | 6:57 AM ET

    JPMorgan's head of corporate and regulatory affairs, Barry Zubrow, is expected to give up his job, the Wall Street Journal reported. The Hong Kong- based fund Segantii Capital has hired Ambrose Meau, former head of trading at hedge fund Isometric Investment. The unit of Alliance Trust Plc appointed Patrick Mill as managing director with immediate effect.

  • NEW DELHI, Oct 5- India's aviation regulator is seeking legal opinion on cancelling the license of beleaguered carrier Kingfisher Airlines, which has grounded its fleet since Monday, the civil aviation minister, Ajit Singh, said on Friday.

  • HONG KONG, Oct 5- Asian credit spreads moved in further on Friday boosted by inflows into riskier assets and as sentiment remained upbeat ahead of the crucial US jobs data. The iTraxx Asia ex- Japan investment grade index series 18 tightened by 1-2 bp to 128/ 131 bp after the European Central Bank provided further assurance about its bond buying programme.

  • MUMBAI, Oct 5- Indian shares fell on Friday, snapping a four-day rise, as profit-taking hit recent outperformers such as ICICI Bank, while investor sentiment was also hit after dozens of erroneous orders triggered a brief halt in the NSE index.

  • *Mumbai staff hold protest march over unpaid salaries. By Tony Munroe and Anurag Kotoky MUMBAI/ NEW DELHI, Oct 5- Kingfisher Airlines Ltd. said Krishna Kumar, a 35- year-old engineer in Mumbai who joined Kingfisher six years ago.

  • *Mumbai staff hold protest march over unpaid salaries. By Tony Munroe and Anurag Kotoky MUMBAI/ NEW DELHI, Oct 5- Kingfisher Airlines Ltd. said Krishna Kumar, a 35- year-old engineer in Mumbai who joined Kingfisher six years ago.

  • India's main BSE index down 0.75 percent at 18,914.30, while the 50- share NSE index fell 0.84 percent to 5,738.70 in volatile trade on profit booking. India's largest stock exchange was brought to a brief halt on Friday after a local financial firm placed dozens of erroneous orders worth more than $125 million, triggering a sharp fall on the Nifty stock index.