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  • PRESS DIGEST - British business - Oct 3 Tuesday, 2 Oct 2012 | 9:07 PM ET

    More than 800 jobs were at risk last night as administrators from Deloitte raced to find a buyer for WaverleyTBS, one of Britain's biggest suppliers of drinks to pubs, clubs and hotels. Britain is part of a debtor nation "ring of fire" where bondholders are at risk of being "burned to a crisp", the head of the world's biggest bond house has warned.

  • Australia shares edge up to fresh 5-month high Tuesday, 2 Oct 2012 | 8:23 PM ET

    MELBOURNE, Oct 3- Australian shares rose 0.3 percent to a fresh five-month high on Wednesday, lifted by gains in top banks even as miners lost ground. was up 12 points at 4,444.7 by 0017 GMT, its highest since May 1. ()DIARIES& DATA: IPO diary& data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • PRESS DIGEST - Financial Times - Oct 3 Tuesday, 2 Oct 2012 | 8:00 PM ET

    Financial Times Headlines BLOW FOR BRITAIN'S NUCLEAR REVIVAL- MILIBAND INVOKES' ONE NATION BRITAIN'- US STEPS UP PROBES ON INSIDER TRADING- FSA TO TIGHTEN UP LISTING RULES- DEUTSCHE TELEKOM EYES DEAL FOR US UNIT- L&G INVESTMENT ARM TARGETS PAY MASTERS- PE GROUPS EYE BANK DEAL IN EUROPE- EU REVIEW WANTS BANKING TRADING RINGFENCED- EU DRAFT URGES CONTRACTS FOR EURO STATES- FRENCH REVOLT AGAINST NEW TAX GOES VIRAL- Overview BLOW FOR BRITAIN'S NUCLEAR REVIVAL.

  • Areva and China's CGNPC backtrack on UK'S Horizon-FT Tuesday, 2 Oct 2012 | 7:28 PM ET

    LONDON, Oct 3- French nuclear group Areva and China's Guangdong Nuclear Power Corporation Holding have walked away from the UK's 6- gigawatt Horizon project, the Financial Times reported on Wednesday. People close to the talks, cited by the FT, said China may still invest in Horizon at a later date along with other nuclear projects in Britain.

  • BFI to invest $810 million in UK film over 5 yrs Tuesday, 2 Oct 2012 | 7:01 PM ET

    LONDON, Oct 3- The British Film Institute will invest nearly 500 million pounds over the next five years in a bid to boost the industry and build audiences, it announced on Wednesday.

  • LONDON, Oct 3- British shop price inflation ticked down in September as prices of non-food goods fell at a faster pace while food price inflation stayed at a two-year low, the British Retail Consortium said on Wednesday.

  • Price tags come down on wealth industry takeovers Tuesday, 2 Oct 2012 | 7:01 PM ET

    LONDON, Oct 3- The price paid by wealth managers to buy up assets from rivals has halved in the last two years, showing that in a rush to buy market share, buyers can drive harder bargains, research has found.

  • Australia shares seen higher after rate cut Tuesday, 2 Oct 2012 | 6:51 PM ET

    CANBERRA, Oct 3- Australian shares are set to open higher on Wednesday, extending recent gains after the Reserve Bank of Australia cut its main cash rate, although uncertainty over Europe's debt crisis and China's growth will still weigh on investor sentiment.

  • There were twice as many restaurant openings than closings in New York over the past year and d iners still eat out three times per week-- the same number as in each of the past three years, a cc ording to the survey of 44,306 people, which will be released on Wednesday.

  • Film composer Williams wins two UK classical awards Tuesday, 2 Oct 2012 | 6:33 PM ET

    LONDON, Oct 2- Veteran film composer John Williams picked up two Classic BRIT Awards in London on Tuesday, adding a best composer honour to the lifetime achievement prize which had been previously announced.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • Gambling exec: Time short for US online poker regs Tuesday, 2 Oct 2012 | 6:05 PM ET

    LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.

  • NEW YORK, Oct 2- Oil prices fell in choppy, light trading on Tuesday, pressured by the outlook for weak economic growth and petroleum demand, even as the risk of potential crude supply disruptions limited losses. "Profit taking out of gasoline had a significant influence on market tone today," said Timothy Evans, energy analyst at Citi Futures Perspective in New York.

  • Senator blames Geithner for costly suits over Libor Tuesday, 2 Oct 2012 | 5:18 PM ET

    Grassley's letter comes as the Justice Department, Commodity Futures Trading Commission and the United Kingdom's Financial Services Authority continue to probe whether banks colluded to manipulate the London interbank offered rate, which underpins trillion of dollars in contracts and loans-- from U.S. mortgages to Japanese interest-rate swaps.

  • American says installation job caused seat snafu Tuesday, 2 Oct 2012 | 5:07 PM ET

    The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.

  • *India is largest source of migrants to Australia. SYDNEY, Oct 3- India's wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.

  • LONDON, Oct 2- Trader Glencore has formally notified the European Commission of its $33 billion plan to take over miner Xstrata, sources familiar with the matter said, after months of preliminary talks designed to pave the way for a swift approval.

  • Oil price below $92 per barrel Tuesday, 2 Oct 2012 | 4:26 PM ET

    NEW YORK-- The price of oil fell Tuesday as investors weighed positive U.S. economic news against ongoing concerns about Europe. On the New York Mercantile Exchange:. Benchmark crude fell 59 cents to finish at $91.89 per barrel.

  • Stocks waver on Spain report, Mosaic miss Tuesday, 2 Oct 2012 | 4:25 PM ET

    The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Dupont led the Dow lower, sinking 86 cents to $49.50.