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  • *First female FTSE CEO to step down at year end. The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would be sold "over my dead body".

  • Biolase shares soar as dental laser device gets approval Wednesday, 3 Oct 2012 | 10:48 AM ET

    Oct 3- Biolase Inc said health regulators in Europe and the United States granted approval for its laser device Epic 10 for use in soft tissue dental surgery and other procedures, sending its shares up as much as 34 percent.

  • Sarepta shares soar on muscular dystrophy study Wednesday, 3 Oct 2012 | 10:47 AM ET

    NEW YORK-- Shares of Sarepta Therapeutics Inc. nearly tripled in value Wednesday after the company reported positive clinical data for its Duchenne muscular dystrophy drug eteplirsen. Eteplirsen is Sarepta's most advanced drug candidate, and in morning trading the stock jumped $25.70 to $40.69.

  • Wash. state employee union negotiations continue Wednesday, 3 Oct 2012 | 10:46 AM ET

    OLYMPIA, Wash.-- Washington state is still negotiating with state workers on health benefits and associated costs. Even though a Monday deadline has passed, talks are still continuing. If the coalition of unions and the state reach a deal, the Legislature could approve the extension of the agreement date.

  • NEW YORK, Oct 3- Brent and U.S. crude futures initially pared losses on Wednesday after the U.S. Energy Information Administration's weekly oil inventory report showed crude stocks fell last week in the United States, against expectations for an inventory build. was down $2.85 at $108.72 a barrel at 10:41 a.m. EDT, having traded from $108.22 to $111.36.

  • Interveners drop out of lawsuit against RiceTec Wednesday, 3 Oct 2012 | 10:45 AM ET

    LITTLE ROCK, Ark.-- More than four dozen rice farmers in Arkansas, Louisiana and Texas who sought to intervene in a lawsuit against RiceTec Inc. have decided to withdraw from the legal action. Alvin, Texas,- based RiceTec announced Tuesday that the 51 farmers are opting out of the lawsuit.

  • *Best Buy founder, private equity firms examine books. Stocks oscillated between gains and losses as hopes that Spain will eventually request a bailout were offset by concern over China's slowing economy.

  • UPDATE 1-Thompson Creek to cut jobs in Idaho, shares fall Wednesday, 3 Oct 2012 | 10:44 AM ET

    TORONTO, Oct 3- Thompson Creek Metals Co Inc. The Denver- based miner said it is stopping stripping, the process of removing overlaying earth, at Phase 8 of its Thompson Creek mine to try to save $100 million in operating costs, plus up to $9 million in capital costs, between now and 2014..

  • BRIEF-Mabe and GE recalls washers due to risk of injury Wednesday, 3 Oct 2012 | 10:44 AM ET

    Oct 3- Mabe Canada Inc:. *Mabe and GE recalls washers due to risk of injury. *Mabe Canada- no injuries have been reported in Canada or the United States.

  • NH governor to nominate interim commissioner Wednesday, 3 Oct 2012 | 10:43 AM ET

    CONCORD, N.H.-- New Hampshire Gov. John Lynch plans to nominate State Parks Director Phil Bryce to serve as interim commissioner of the Department of Resources and Economic Development. George Bald, the current commissioner of that department, is retiring on Nov. 1.

  • Indiana panel approves lottery outsourcing deal Wednesday, 3 Oct 2012 | 10:42 AM ET

    The commission voted 3-0, with two members absent, to approve a 15- year contract with Rhode Island- based GTECH that is expected to make $1.7 billion in profit over five years _ a $500 million increase over state projections. GTECH already provides and maintains vending machines for the Hoosier Lottery.

  • CU wins grant to study natural gas development Wednesday, 3 Oct 2012 | 10:42 AM ET

    BOULDER, Colo.-- The University of Colorado Boulder has won a $12 million, five-year grant from the National Science Foundation to study how to maximize benefits of natural gas development while minimizing harms.

  • Entergy replaces union workers after talks fail Wednesday, 3 Oct 2012 | 10:41 AM ET

    PORT GIBSON, Miss.-- Entergy Corp. has locked out union security workers at its nuclear plant near Port Gibson, Miss., after contract negotiations with the United Government Security Officers of America Local 36 failed.

  • Redskins endorse Maryland gambling measure Wednesday, 3 Oct 2012 | 10:39 AM ET

    ANNAPOLIS, Md.-- The Washington Redskins on Tuesday urged their fans to support a ballot question in Maryland to expand gambling, a high-profile endorsement for efforts to allow a casino in the Maryland county where the team plays its home games near the nation's capital.

  • Markets subdued amid mixed US jobs signals Wednesday, 3 Oct 2012 | 10:32 AM ET

    LONDON-- Markets remained subdued Wednesday despite some moderately encouraging U.S. jobs figures as investors awaited a key government report later in the week and more clarity over Spain's request for a bailout.

  • Johns Hopkins get $6M to improve wind farm design Wednesday, 3 Oct 2012 | 10:31 AM ET

    BALTIMORE-- Johns Hopkins University says it will lead an international team of researchers studying how to improve wind farm design. The university said Tuesday that the National Science Foundation has awarded $6 million in grants to help fund the work.

  • Striking Detroit water workers face firing Wednesday, 3 Oct 2012 | 10:30 AM ET

    DETROIT-- Thirty-four Detroit Water and Sewerage workers who went on strike over pay cuts and the city's plan to downsize the department over several years have been suspended without pay and face firing.

  • NY picks Oxford plan as exchange benchmark Wednesday, 3 Oct 2012 | 10:28 AM ET

    ALBANY, N.Y.-- New York's Health Department has selected a health care plan offered by Oxford as the benchmark for the state's health insurance exchange, which is intended to help extend coverage to the uninsured and reduce costs for individuals, small businesses and local governments. The New York Health Benefit Exchange Gov.

  • New England unemployment rate up again Wednesday, 3 Oct 2012 | 10:27 AM ET

    PROVIDENCE, R.I.-- The unemployment rate in New England climbed in August, but it is still below the national average. The New England office of the U.S. Bureau of Labor Statistics said Wednesday the jobless rate in the six-state region was 7.3 percent last month, up from 7.1 percent in July. A year ago, the rate in New England was 7.8 percent.

  • JetBlue: Free flights for disgruntled voters Wednesday, 3 Oct 2012 | 10:27 AM ET

    NEW YORK-- In a marketing gimmick that piggybacks on next month's presidential election, JetBlue is offering a way for Americans to make good on threats to leave the country if "the other guy" wins.