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  • CVC to take over insurance firm Cunningham Lindsey Monday, 1 Oct 2012 | 11:58 AM ET

    Oct 1- Private equity firm CVC Capital Partners Ltd said on Monday it had agreed to buy a majority stake in Cunningham Lindsey Group Ltd in a deal that a source familiar with the matter said valued the insurance claims management company at up to $1 billion.

  • NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."

  • NEW YORK, Oct 1- U.S. The Institute for Supply Management said its index of U.S. factory activity rose to a reading of 51.5 in September as new orders and employment picked up.

  • Oil higher after US manufacturing report Monday, 1 Oct 2012 | 11:45 AM ET

    Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Transocean up on approval to operate in Brazil Monday, 1 Oct 2012 | 11:41 AM ET

    NEW YORK-- Shares of Transocean Ltd. rose Monday after a Brazilian judge said that the company will be allowed to continue to operate drilling rigs in most fields off the shores of Brazil.

  • TRW Automotive shares rise on $1B buyback plan Monday, 1 Oct 2012 | 11:37 AM ET

    NEW YORK-- TRW Automotive Holdings Corp. said Monday that its board approved a $1 billion share repurchase plan, prompting an analyst to reiterate a "Buy" rating on the auto parts maker's stock. A significant portion of its sales come from Europe, where new vehicle demand has fallen this year amid the continuing economic uncertainty there.

  • Amex paying $112M in late-fee settlements Monday, 1 Oct 2012 | 11:37 AM ET

    WASHINGTON-- American Express is paying $112 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.

  • *Euro zone heading toward recession, China still slowing. NEW YORK, Oct 1- U.S. stocks advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe.

  • Small biz lending up in Aug., 2nd straight gain Monday, 1 Oct 2012 | 11:13 AM ET

    NEW YORK-- Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August _ a sign that business owners are becoming more confident about the economy.

  • Kenya to penalise slow oil and gas explorers Monday, 1 Oct 2012 | 11:03 AM ET

    NAIROBI, Oct 1- Kenya wants licensed oil and gas explorers to speed up their work to meet the terms of their contracts, and may invoke its right to cash in their guarantees if they fail to do so, a senior Ministry of Energy official said.

  • Oct 1- Lazard Ltd has named Edward Yorke as head of its North American financial sponsors group, where he will help advise private equity firms on transactions, the firm said in a press release on Monday. Yorke joins Lazard from Credit Suisse Group AG, where he was a managing director and vice chairman of investment banking for the Americas.

  • He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.

  • World markets gain but Spain downgrade looms Monday, 1 Oct 2012 | 10:46 AM ET

    LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.

  • Oil prices higher after manufacturing report Monday, 1 Oct 2012 | 10:43 AM ET

    The Institute for Supply Management, a trade group of purchasing managers, said Monday its index of factory activity was buoyed by a jump in new orders. A separate report from the Commerce Department says U.S. builders trimmed their activity for a second straight month in August. Benchmark crude rose 43 cents to $92.62 around 10:30 a.m. in New York.

  • Red Lobster _ for the non-seafood lover in you Monday, 1 Oct 2012 | 10:39 AM ET

    NEW YORK-- Red Lobster isn't just for the seafood lover in you. Red Lobster also is increasing the number of dishes that cost less than $15 to attract customers who have cut back on spending. The chain, which is owned by Darden Restaurants Inc., says a quarter of the items on its menu will be non-seafood dishes, up from 8 percent.

  • *Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.

  • Orioles' plane diverted because of smoke in galley Monday, 1 Oct 2012 | 10:36 AM ET

    The airplane taking the Baltimore Orioles to St. Petersburg, Fla. on Sunday night had its flight diverted to Jacksonville because of smoke in the forward galley. The Orioles resumed their trip on the same aircraft, leaving Jacksonville International Airport at 10:15 p.m..

  • NHL, locked-out players meet for 3rd straight day Monday, 1 Oct 2012 | 10:35 AM ET

    NEW YORK-- The NHL and the players' association met for a third straight day Sunday, and again avoided the troublesome money issues that are fueling the ongoing lockout. "We did not discuss core economic issues, as was the plan," NHLPA special counsel Steve Fehr said after meeting for five hours with the NHL. "

  • NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September for the first time since May as new orders and employment picked up, an industry report showed on Monday. The Institute for Supply Management said its index of national factory activity rose to 51.5 from 49.6 in August, topping expectations in a Reuters poll for 49.7.

  • NEW YORK, Oct 1- Spanish banks' upcoming recapitalization is credit-positive but it may be insufficient, Moody's Investors Service said on Monday.