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NEW YORK, Oct 1- Hedge fund manager William Ackman is blaming Procter& Gamble's top management for the consumer products company's problems, but said he understands the board wants to give the CEO more time to repair years of damage.
SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.
TOKYO, Oct 2- Japan's Nikkei share average was set to rise on Tuesday after data showed U.S. manufacturing expanded in September, beating expectations, while a softer yen should lend support to export-driven stocks.
*European Commission to receive recommendations on Tuesday By John O'Donnell. Bank of Finland Governor Erkki Liikanen, who led the group of academics and experts set up by the European Commission, will announce their verdict on how best to reform bank structures in the wake of the crisis that began five years ago.
Oct 1- U.S. prosecutors on Monday announced expanded charges against five former employees of Bernard Madoff's firm, in an indictment that dates the conspiracy to defraud clients to roughly two decades earlier than previously alleged.
LOS ANGELES, Oct 1- Miasole, which raised hundreds of millions of dollars as one of Silicon Valley's hottest cleantech startups, has agreed to be sold to China's Hanergy Holding Group for $30 million, according to a source familiar with the matter.
TORONTO, Oct 1- Toronto's theater district and the skyline of Canada's biggest city will be transformed by star architect Frank Gehry as a tribute to the city in which he spent his childhood under an ambitious plan unveiled on Monday. "These towers can become a symbol of what Toronto can be," Mirvish told a news conference. "
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman filed a lawsuit against JPMorgan Chase& Co on Monday fo r fraud over faulty mortgage-backed securities packaged and sold by the former Bear Stearns. JPMorgan, which bought one-time rival Bear Stearns for $2 a share in March 2008, said in a statement it intended to contest the allegations.
WASHINGTON-- Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to the lowest level since early June. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.085 percent, down from 0.110 percent last week.
NEW YORK-- Standard& Poor's said Monday specialty pet retailer PetSmart Inc. will join the benchmark S&P 500 index after the close of trade Thursday, replacing Sunoco Inc. which is being acquired by Energy Transfer Partners LP. Cabela's Inc., a specialty retailer of hunting and fishing gear, will move from the SmallCap 600 to the MidCap 400, replacing PetSmart.
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman on Monday filed a lawsuit against JPMorgan Chase& Co for fraud over faulty mortgage-backed securities packaged and sold by the former Bear Stearns. The lawsuit alleged a "systematic abandonment of underwriting guidelines" in the selling of home loans that went into securities peddled by Bear Stearns.
*Wal-Mart, Target already among MCX members. Oct 1- Retailers including Gap Inc and Bed Bath& Beyond Inc have joined a mobile payments network that intends to battle similar services from Google Inc.
NEW YORK, Oct 1- Hedge fund manager William Ackman, who has been pushing mall operator General Growth Properties to sell itself, on Monday said a deal with rival Simon Property Group would be beneficial to all parties and push the stock price dramatically higher.
LOS ANGELES, Oct 1- Some 30 people were injured on Monday when a tractor-trailer truck crashed through a rail crossing signal and collided with an Amtrak passenger train in central California, causing the train to derail, authorities said.
By Martinne Geller and Jessica Wohl NEW YORK/ CHICAGO, Oct 1- Wal-Mart Stores Inc. A handful of sell-side analysts turned out to hear from Walmart workers nearly a year after a similar meeting was held near Wal-Mart's headquarters in Bentonville, Arkansas.
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NEW YORK-- Fifth& Pacific Cos. cut its 2012 earnings guidance Monday, citing weak sales of Juicy Couture products. Fifth& Pacific cut its estimated 2012 EBITDA by $25 million and also forecast a weak third quarter.
Oct 1- Zimmer Holdings Inc said it received a warning letter from the U.S. Food and Drug Administration citing problems with manufacturing and testing processes for artificial hip devices made at the company's Ponce, Puerto Rico, plant.
*Leaks have caused crisis for Vatican. VATICAN CITY, Oct 2- Pope Benedict's former butler is to give evidence for the first time on Tuesday on the second day of his trial for stealing documents he hoped would expose corrupt dealings in the Vatican.
GREENWICH, Conn.-- Shares of Blyth Inc. rose more than 7 percent in after-hours trading Monday after the company said it agreed to defer the final closing of its purchase of ViSalus, in which it already owns a majority stake, until April 2014. Blyth first invested in ViSalus in August 2008, buying a 43.6 percent stake for $13 million.