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  • 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.

  • 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.

  • The Nasdaq Composite Index rose 0.37 percent. **SAREPTA THERAPEUTICS INC, $30.30, up 102 pct. **INTERMUNE INC, $9.74, up 10 pct.

  • Stocks edge higher following private hiring report Wednesday, 3 Oct 2012 | 10:25 AM ET

    "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. The Institute for Supply Management said its index of service companies, which includes everything from financial firms to clothing stores, rose in September to the highest level since March.

  • NEW YORK, Oct 3- U.S. stocks fell on Wednesday as better-than-expected service sector and employment data in the United States were offset by concerns about a slowdown in the Chinese economy that weighed on materials and energy shares. The Nasdaq Composite Index gained 0.19 points, or 0.01 percent, to 3,120.23. Keywords: MARKETS USA STOCKS/ISM SERVICES.

  • INSTANT VIEW 5-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:20 AM ET

    PAUL EDELSTEIN, ECONOMIST, IHS GLOBAL INSIGHT, LEXINGTON, MASSACHUSETTS. But exports orders fell again given what's happening in Europe and China and employment also slowed from August. If things don't deteriorate further in Europe and China, we should avoid a recession but the economy will not expand fast enough to create more job growth. "

  • Brent falls $3, US crude $2 as economic worries bite Wednesday, 3 Oct 2012 | 10:20 AM ET

    NEW YORK, Oct 3- Brent oil futures fell more than $3 and U.S. crude dropped more than $2 on Wednesday, hit by weak economic data from Europe and China along with sharp slides in gasoline and heating oil futures. Brent was down $3.20 at $108.37 a barrel by 10:13 a.m. EDT, having fallen as low as $108.22. U.S. crude was down $2.29 at $89.60, having dropped as low as $89.25.

  • INSTANT VIEW 4-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:17 AM ET

    NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. STEVEN WOOD, CHIEF ECONOMIST, INSIGHT ECONOMICS, DANVILLE, CALIFORNIA. THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT.

  • INSTANT VIEW 3-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:16 AM ET

    THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT. WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT, SALEM, MASSACHUSETTS. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT.

  • US STOCKS SNAPSHOT-Wall Street drops on China concerns Wednesday, 3 Oct 2012 | 10:14 AM ET

    NEW YORK, Oct 3- U.S. stocks fell on Wednesday as better-than-expected service sector and employment data in the United States were offset by concerns about a slowdown in the Chinese economy that weighed on materials and energy shares. The Nasdaq Composite Index gained 0.19 points, or 0.01 percent, to 3,120.23. Keywords: MARKETS USA STOCKS/ISM SERVICES.

  • TREASURIES-U.S. bonds weaken after ISM report Wednesday, 3 Oct 2012 | 10:13 AM ET

    NEW YORK, Oct 3- U.S. But a subdued reading on the Institute for Supply Management service sector index's employment component balanced out the better-than-expected reading on the overall index. Trade in subdued volume and narrow ranges is expected before the Labor Department's influential employment data for September due this Friday.

  • T-Mobile USA set to merge with MetroPCS Wednesday, 3 Oct 2012 | 10:10 AM ET

    BERLIN-- Struggling cellphone companies T-Mobile USA and MetroPCS Communications are set to merge, in a deal that will create an operator with more than 40 million subscribers.

  • INSTANT VIEW 2-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:09 AM ET

    NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT, SALEM, MASSACHUSETTS. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT.

  • INSTANT VIEW 1-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:08 AM ET

    NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT. "It's in line with the factory report on Monday.

  • U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:01 AM ET

    NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday.

  • FRANKFURT, Oct 3- Deutsche Telekom and MetroPCS said they will merge their U.S. mobile operations to create a larger fourth-place player better able to compete with rivals. The boards of both companies voted on Wednesday to approve the deal, which will see Deutsche Telekom hold 74 percent and MetroPCS 26 percent in the combined entity.

  • There were twice as many restaurant openings than closings in New York over the past year and diners still eat out three times per week-- the same number as in each of the past three years, according to the survey of 44,306 people, which will be released on Wednesday.

  • NEW YORK, Oct 3- U.S. natural gas futures slid more than 3 percent early Wednesday amid profit-taking after gaining more than 24 percent over six straight winning sessions. But many traders remained concerned that gas priced at well above $3 per million British thermal units would continue to lose market share to coal for power generation.

  • TREASURIES-Bonds slightly lower after ADP, before ISM Wednesday, 3 Oct 2012 | 9:44 AM ET

    NEW YORK, Oct 3- U.S. The impact was not dramatic, though, because the report has not been a good immediate predictor of job growth as reported by the U.S. Labor Department each month. "The market reaction was muted," said Eric Stein, vice president and portfolio manager at Eaton Vance Investment Managers in Boston. "

  • Stocks open mostly higher on Wall Street Wednesday, 3 Oct 2012 | 9:41 AM ET

    NEW YORK-- Stocks are mostly higher in early trading on Wall Street after a measure of private sector hiring came in better than analysts were expecting. The Standard& Poor's 500 index rose two points to 1,447 shortly after the opening bell Wednesday. The Nasdaq composite rose 10 points to 3,129..