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  • UPDATE 1-Dover Corp buys Accelerated Cos for $430 mln Thursday, 2 Oct 2014 | 9:11 AM ET

    Oct 2- Dover Corp, a maker of pumps and compressors, said it bought artificial lift pump maker Accelerated Cos LLC for about $430 million to strengthen its position in the fast-growing U.S. shale market for well development. The deal is expected to reduce Dover's continuing earnings by 3 cents per share in the fourth quarter, but add 5 to 6 cents per share to Dover's...

  • Eli Lilly to drop development of lupus drug Thursday, 2 Oct 2014 | 8:57 AM ET

    Oct 2- Eli Lilly and Co said it would discontinue the development of its lupus drug as the treatment was not found to be effective enough in two late-stage trials. The decision will result in a charge of about 4- 5 cents per share in the third quarter, the company said. Eli Lilly said the decision was not because of any safety concerns.

  • Oct 2- Boeing Co said it would raise monthly production of 737 commercial aircraft to 52 in 2018 from 42 currently to meet strong demand from customers worldwide. After the increase, annual production of 737 aircraft is expected to rise to an all-time high of more than 620, Boeing said in a statement. Boeing had earlier said it would raise monthly production of 737...

  • Oct 2- Dow Chemical Co said it expected to raise more than $2 billion from three businesses that it has put on the block as part of a plan to raise up to $6 billion from asset sales. Dow said it expected to sign deals for its Angus Chemical Co and AgroFresh Inc subsidiaries as well as its sodium borohydride business by the end of the year. Dow, which has said it wants to...

  • Dover Corp to buy Accelerated Cos for about $430 mln Thursday, 2 Oct 2014 | 8:25 AM ET

    Oct 2- Dover Corp, a maker of pumps and compressors, said it would acquire artificial lift pump maker Accelerated Cos LLC for about $430 million.

  • Oct 2- Dow Chemical Co said it expected to raise more than $2 billion from three chemical businesses that it has put up for sale as part of a plan to raise as much as $6 billion from asset sales. Dow said it expected to sign deals for its Angus Chemical Co and AgroFresh Inc subsidiaries, as well as its sodium borohydride business, by the end of the year.

  • Facebook changes real-name policy, allows aliases Thursday, 2 Oct 2014 | 8:12 AM ET

    Oct 2- Facebook Inc said it would change its policy requiring users to go by their real names on the social network, following outrage over the locking of hundreds of accounts, including a number belonging to drag queens using their stage names. Facebook's product chief, Christopher Cox, apologized in a post on Wednesday and said the affected users could go back to...

  • NEW DELHI/ MUMBAI, Oct 2- Subrata Roy, the jailed head of India's Sahara conglomerate, is back in a cell after living in a makeshift prison office for two months while working on the sale of three luxury hotels in New York and London, a deal that is still hanging. India's top court had allowed the tycoon to use an office, phone, Internet connection and three secretaries in...

  • Sears Holdings, which holds a 51 percent stake in its beleaguered Canadian unit, will sell 40 million shares of Sears Canada, leaving it with a stake of about 12 percent. Sears Holdings put its stake in Sears Canada on the block in May as a part of the Illinois- based company's efforts to turn around its business after years of declining sales. Shareholders of Sears...

  • BANGKOK, Oct 2- Consumer confidence in Thailand dropped in September for the first time since May's military coup, a university survey showed, adding to evidence that authorities haven't yet been able to get an economic recovery on track. Consumption is a pivotal engine of growth in Thailand, so getting Thais to spend more is crucial for reaching the growth...

  • Oct 2- Sears Holdings Corp said it would sell most of its stake in Sears Canada Inc through a rights issue that would raise up to $380 million ahead of the holiday season. Sears Holdings held a 51 percent stake in its Canadian unit as of March 13. Sears Holdings will sell 40 million shares of Sears Canada, after which its stake would fall to about 12 percent, or around 12...

  • TOKYO, Oct 2- China is likely to have annual growth of at least 7 percent over the next five years as it rebalances its economy to lift domestic demand, the Asian Development Bank's new chief economist said on Thursday. His remarks, in an interview with Reuters in Tokyo, came a week after the Manila- based regional lender left unchanged its 2014 and 2015 growth...

  • Oct 2- Electrocomponents Plc, a British distributor of electronic products for engineers, said it expects to report a smaller first-half operating profit, hurt by fewer trading days and adverse currency movements. Electrocomponents' shares fell as much as much as 5 percent to 208 pence on Thursday morning, taking the stock to its lowest in more than two years.

  • Oct 2- Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 3 percent rise in first-half underlying sales, aided by strong demand for its products overseas. Sales in Asia-Pacific grew 5 percent, while revenue from its UK business declined 2 percent. The international business- comprising continental Europe, North...

  • Oct 2- Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 3 percent rise in first-half underlying sales, helped by strong performance in its international market. The company, which distributes 500,000 products, sourced from over 2,500 suppliers, said international sales rose 5 percent in the six months ended Sept....

  • Loan fraud inquiry focuses on used-car dealers - NYT Thursday, 2 Oct 2014 | 1:23 AM ET

    Oct 2- U.S. federal and state authorities are investigating used-car dealerships to examine if they are inflating borrowers' income or falsifying employment information on loan applications to ensure that anyone can buy a car, the New York Times reported, citing people briefed on the matter. Falsified loan applications may lead borrowers to ultimately fall...

  • Oct 2- Tesla Motor Inc Chief Executive Elon Musk sent out a cryptic tweet on Wednesday, saying it is "about time to unveil the D and something else", with an accompanying photo which mentioned a date, Oct. 9. It was unclear what the "D" or "something else" entails, but the image suggested a new model the electric carmaker might unveil on that day. Musk did not immediately...

  • Oct 1- U.S. apartment vacancy rate rose by 10 basis points in the third quarter, while new construction accelerated to its second-highest quarterly rise since the fourth quarter of 2002, real estate research firm Reis Inc said in a report. New York remained the most expensive market in the country with effective rents registering $3,185 per month, a 47 percent...

  • Oct 1- Activist investor Starboard Value LP said on Wednesday it has offered to acquire the remaining shares in RealD Inc after raising its stake in the 3 D technology licensor. Starboard offered $12 per share in cash, a premium of 29 percent to RealD stock price as of Wednesday close, valuing the company at about $540 million. RealD's shares rose as much as 26.7...

  • LONDON, Oct 1- The Bank of England must watch for signs that sterling's recent strength has masked underlying inflation pressures in Britain, one of the central bank's newest policymakers said on Wednesday. Economists have been keen to hear the views of Forbes as they gauge whether more members of the nine-strong Monetary Policy Committee are likely to join...