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  • *Oracle unveils new cloud products at user conference. BOSTON/ SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison said he intends to drive growth at the world's No. 3 software maker by promoting its current suite of cloud computing products and not through an acquisition.

  • 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.

  • In the past two weeks, customers of top U.S. banks including Bank of America Corp, JPMorgan Chase& Co, Wells Fargo& Co, U.S. Bancorp and PNC Financial Services have reported having trouble accessing their websites, as unusually high traffic volumes appeared to crash or slow down the systems.

  • LA council votes to repeal pot dispensary ban Tuesday, 2 Oct 2012 | 5:16 PM ET

    LOS ANGELES-- The Los Angeles City Council reversed course Tuesday and repealed a ban on pot shops that it passed just two months ago to shutter hundreds of medical marijuana storefronts. Many cities have struggled with medical marijuana ordinances, but none has had a bigger problem than Los Angeles, where pot shops have proliferated.

  • InterMune says Canada approves lung-disease drug Tuesday, 2 Oct 2012 | 5:16 PM ET

    BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.

  • Oracle's Ellison: focus on Cloud, not acquisitions Tuesday, 2 Oct 2012 | 5:06 PM ET

    BOSTON/ SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison said the company will focus on driving organic growth through a new suite of cloud computing software versus pursuing major acquisitions for now, though he would not rule out a big deal "down the road."

  • WASHINGTON, Oct 2- Google subsidiary Motorola Mobility has dropped a complaint of patent infringement against Apple without explanation. Apple did not return telephone calls seeking comment and Google said only: "As we have said many times before, we will continue to vigorously defend our partners".

  • Labor standoffs silence orchestras in Minn., Indy Tuesday, 2 Oct 2012 | 4:24 PM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.

  • September Auto Sales: Hyundai Tuesday, 2 Oct 2012 | 4:16 PM ET

    COSTA MESA, Calif.-- Hyundai Motor America said Tuesday that U.S. vehicle sales rose 15.3 percent in September, as rising sales of its Elantra sedan overcame a decline in its other big seller, the Sonata. BY THE NUMBERS: Hyundai sold 660,025 vehicles last month, up from 52,051 a year earlier.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • *In one case, payment of more than $7 mln held up over $100 invoice. *Caution shows government taking appropriate care-CEO By Ayesha Rascoe and Roberta Rampton. WASHINGTON, Oct 2- A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.

  • Oil tycoon T. Boone Pickens, 4th wife to divorce Tuesday, 2 Oct 2012 | 3:52 PM ET

    DALLAS-- Oil tycoon T. Boone Pickens and his fourth wife, Madeleine, are filing for divorce. Boone Pickens is an Oklahoma native who made much of his fortune in oil drilling.

  • Sector Snap: Diagnostic test makers Tuesday, 2 Oct 2012 | 3:51 PM ET

    NEW YORK-- Analysts for Cowen and Co. started coverage of a group of companies that make tests used to diagnose infectious diseases, assigning top ratings to companies including Cepheid, Hologic Inc., and Meridian Bioscience Inc..

  • LOS ANGELES, Oct 2- Japan's Sumitomo Corp. The photovoltaic solar project is being built by First Solar Inc and has agreements in place to provide power to California utilities Southern California Edison and Pacific Gas& Electric. It is expected to be fully operational by 2015, according to First Solar's website.

  • September Auto Sales: Honda Tuesday, 2 Oct 2012 | 3:25 PM ET

    TORRANCE, Calif.-- Honda said Tuesday its September U.S. sales jumped 31 percent, boosted by strong demand for its Acura luxury vehicles. BY THE NUMBERS: Honda sold a total of 117,211 vehicles last month, up from 89,532 in the same month last year. TOP SELLER: Sales of the Accord sedan rose 57 percent to 29,182 from 18,639 in September 2011.

  • September Auto Sales: Toyota Tuesday, 2 Oct 2012 | 3:13 PM ET

    TORRANCE, Calif.-- Toyota Motor Sales U.S.A. Inc. said that U.S. sales jumped 41.5 percent in September from a year ago, as sales jumped for vehicles including its Corolla and Camry sedans, as well as Prius cars and Tacoma pickup trucks. BY THE NUMBERS: The Japanese automaker sold a total of 171,910 vehicles last month, compared to 121,451 in September 2011.

  • North County Times lays off one-third of staff Tuesday, 2 Oct 2012 | 3:13 PM ET

    ESCONDIDO, Calif.-- The North County Times reports that it is laying off one-third of its staff, including 24 in the newsroom. Hotelier Doug Manchester bought the North County Times for $12 million from Lee Enterprises Inc., less than a year after buying U-T San Diego.

  • Google withdraws patent complaint against Apple Tuesday, 2 Oct 2012 | 3:04 PM ET

    WASHINGTON, Oct 2- Google subsidiary Motorola Mobility has dropped a complaint of patent infringement against Apple without explanation. In a brief filing with the International Trade Commission made on Monday, Motorola Mobility said it was dropping without prejudice a complaint that Apple had infringed on seven Motorola patents.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • Nielsen's top programs for Sept. 24-30 Tuesday, 2 Oct 2012 | 2:56 PM ET

    2. "NCIS," CBS, 20.48 million. 4. "NCIS: Los Angeles," CBS, 16.74 million. 5. "The Big Bang Theory," CBS, 15.66 million.