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  • Oil drops 4 pct on signs of slower growth in China Wednesday, 3 Oct 2012 | 3:08 PM ET

    Oil fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. Benchmark oil fell $3.75, or 4.1 percent, to $88.14 per barrel Wednesday in New York.

  • Brent November crude fell $3.40, or 3.05 percent, to settle at $108.17 a barrel, having traded from $107.67 to $111.36.

  • NEW YORK, Oct 3- U.S. crude futures fell $4.00 in post-settlement trading on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and curbed demand for oil and pressured prices.

  • NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks rose and other supportive U.S. data strengthened the dollar.

  • UPDATE 9-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 2:29 PM ET

    *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.

  • Thoratec rises following analyst upgrade to 'Buy' Wednesday, 3 Oct 2012 | 2:21 PM ET

    NEW YORK-- Thoratec Corp. shares rose Wednesday after a UBS analyst upgraded the stock, saying he is more confident in the heart device maker's growth prospects. THE SPARK: Analyst Rajeev Jashnani raised his rating on Thoratec shares to "Buy" from "Neutral," and increased his price target to $39 per share from $35.

  • NY court strikes down local drilling moratorium Wednesday, 3 Oct 2012 | 2:19 PM ET

    ALBANY, N.Y.-- A state judge invalidated Binghamton's two-year moratorium on natural gas drilling, marking the first time a local law that would ban or delay hydraulic fracturing in New York has been struck down.

  • Pennsylvania Ave. joins list of endangered spaces Wednesday, 3 Oct 2012 | 2:16 PM ET

    WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.

  • *Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.

  • Best Buy gains on report Schulze bid progressing Wednesday, 3 Oct 2012 | 2:04 PM ET

    NEW YORK-- Best Buy Co.' s shares climbed Wednesday because of a report indicating that its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.

  • Novelist Helprin spins a good yarn in life and art Wednesday, 3 Oct 2012 | 1:58 PM ET

    * "In Sunlight and In Shadow" focuses on old New York. NEW YORK, Oct 3- Listening to novelist and political commentator Mark Helprin recount his life is a bit like listening to Forrest Gump- an eloquent, New York- born Forrest Gump. It matches his previous novels in scope and length and carries on the author's fascination with old New York.

  • MARKET PULSE-Sarepta, HP, Leap, Ocwen, Netflix, Adtran Wednesday, 3 Oct 2012 | 1:54 PM ET

    U.S. stocks advanced on Wednesday after stronger-than-expected employment and service-sector data in the United States. But a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $41.60, up 177 pct.

  • Corning increases quarterly dividend Wednesday, 3 Oct 2012 | 1:53 PM ET

    CORNING, N.Y.-- Corning Inc. said Wednesday that it is increasing its quarterly dividend by 20 percent. The glass and ceramics company will pay a dividend of 9 cents Dec. 14 to shareholders of record Nov. 16. Shares of the Corning, N.Y.- based company increased 21 cents to $13.45 in afternoon trading.

  • NY progressives push for public campaign finances Wednesday, 3 Oct 2012 | 1:51 PM ET

    The groups have joined with the influential Working Families Party to meet Thursday in Manhattan to force a trade-off for public financing of campaigns in exchange for pay raises sought by legislators.

  • Amarin shares fall following analyst downgrade Wednesday, 3 Oct 2012 | 1:45 PM ET

    NEW YORK-- Shares of Amarin Corp. PLC slipped Wednesday after a Wedbush analyst downgraded the stock, saying he thinks the chances of Amarin being acquired by a larger drugmaker are decreasing.

  • Transatlantic clean tanker rates stay soft Wednesday, 3 Oct 2012 | 1:38 PM ET

    LONDON, Oct 3- Clean tanker rates for refined petroleum products on top export routes were mostly weaker on Wednesday with the transatlantic market hit by growing availability of vessels.

  • NEW YORK, Oct 3- U.S. natural gas futures lost ground on Wednesday after six straight days of gains, pressured by profit-taking ahead of Thursday's weekly inventory report despite cooler weather forecasts for next week that should stir more heating demand.

  • NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.

  • UPDATE 1-Hess' Port Reading propane truck leak stopped Wednesday, 3 Oct 2012 | 1:22 PM ET

    NEW YORK, Oct 3- The leak in a truck loading propane at Hess Corp's 70,000 barrel per day refinery in Port Reading, New Jersey, has been stopped, and emergency responders are demobilizing, a company spokesman said on Wednesday. The leak developed at about 10:45 a.m. on Wednesday. Emergency responders worked to safely disperse the vapors.

  • UPDATE 8-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 1:19 PM ET

    *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and weak petroleum demand, even as supportive U.S. data strengthened the dollar.