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  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp and U.S. operator Sprint Nextel Corp. are in talks about a deal that could see Softbank assume control of Sprint.

  • Oct 11- Guggenheim Securities LLC has been ordered to pay a fine of $800,000 for failing to supervise two traders who tried to hide a trading loss, Wall Street's industry-funded regulator said.

  • WAfrica Crude-Asian demand underpins values Thursday, 11 Oct 2012 | 11:46 AM ET

    LONDON, Oct 11- West African crude oil differentials held steady on Thursday, supported by several outstanding Asian tenders, which traders said could absorb up to four cargoes from the region. *Around 15 cargoes of Nigerian crude oil remained unsold for lifting in November, including Qua Iboe, Bonny Light, Bonga, and Forcados.

  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market.

  • Sprint confirms investment talks with Softbank Thursday, 11 Oct 2012 | 11:18 AM ET

    Oct 11- Sprint Nextel Corp confirmed that it is engaged in talks with Japan's Softbank Corp about a potential "substantial investment" in Sprint. This transaction could involve a change of control of Sprint, the company said in a statement. The company does not intend to comment on the matter further unless and until an agreement is reached, it said.

  • Oct 11- Shutterstock Inc soared as much as 32 percent in its market debut, a day after the online stock photography provider priced its shares above its expected range. Shutterstock shares were up 30 percent at $22.11 on the New York Stock Exchange in morning trade, valuing the company at more than $700 million.

  • Executive search firm Korn/Ferry's network hacked Thursday, 11 Oct 2012 | 10:45 AM ET

    Korn/Ferry said it had taken steps to contain the impact of the breach and was investigating the source of the attack. Reuters reported last month that Iranian hackers had repeatedly attacked Bank of America Corp, JPMorgan Chase& Co and Citigroup Inc over the past year as part of a broad cyber campaign.

  • Ivernia expects to restart Australian lead mine next year Thursday, 11 Oct 2012 | 10:28 AM ET

    Oct 11- Canadian base metal miner Ivernia Inc. Ivernia halted operations at the Magellan mine in April last year after lead was found in mud samples taken from shipping containers coming from the mine. Ivernia now plans to restart operations in stages, with full production targeted by the end of 2013, the company said in a statement on Thursday.

  • *Deal could be for $600 mln- $800 mln- India's Economic Times. *Cooper Tire shares jump as much as 11 pct. Shares of Cooper Tire, which had a market value of about $1.2 billion as of Wednesday's close, jumped as much as 11 percent on the New York Stock Exchange on Thursday, bringing the gain so far this year to about 45 percent.

  • *Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market.

  • Oct 11- U.S. carrier Alaska Airlines said on Thursday it will buy 50 737 single-aisle jetliners, worth $5 billion at list prices, from Boeing Co in its largest order yet. The order includes 37 of Boeing's upcoming 737 MAX, the new-engine variant of the popular 737 that offers better fuel efficiency.

  • is in the process of buying a controlling stake in Cooper Tire& Rubber Co, India's Economic Times reported. The deal could be in a range of $600- 800 million, the newspaper said citing sources. Cooper Tire's shares jumped as much as 11 percent to $20.76 on the New York Stock Exchange on Thursday.

  • Shutterstock clicks with investors in market debut Thursday, 11 Oct 2012 | 9:53 AM ET

    Oct 11- Shutterstock Inc soared as much as 32 percent in its market debut, a day after the online stock photography provider priced its shares above its expected range.

  • *Europe still biggest drag on world growth. LONDON, Oct 11- Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.

  • Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.

  • MUMBAI, Oct 11- India's ICICI bank has cut its floating rate on home loans by up to 100 basis points until December end, the country's second-largest lender said on Thursday. For loans up to 3 million rupees the bank will charge 10.25 percent interest, ICICI said. It earlier used to charge 10.5 percent for loans up to 3 million rupees.

  • Oct 11- Pfizer Inc said a late-stage trial of its experimental pain drug showed that the drug's long-term safety profile was comparable to those of similar formulations. The trial tested the safety of the drug, called ALO-02, when administered for up to 12 months.

  • *Sprint shares up 16 pct in premarket trade. TOKYO/ NEW YORK, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter.

  • Pfizer says pain drug as safe as rival pills in trial Thursday, 11 Oct 2012 | 8:48 AM ET

    Oct 11- Pfizer Inc said a late-stage trial of its experimental pain drug showed the drug's long-term safety profile was comparable to those of other similar formulations. The trial was testing the safety of the drug, called ALO-02, when administered for up to 12 months.

  • Twinkie maker Hostess files reorganization plan Thursday, 11 Oct 2012 | 8:42 AM ET

    Oct 11- Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, filed a reorganization plan that includes wage cuts, reduction in health and welfare benefits and a freeze on pensions for at least two years.