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  • NEW DELHI, Oct 4- Indian state-run firms Oil India Ltd and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's. Oil India will acquire 20 percent and Indian Oil Corp will get 10 percent in Carrizo's Niobrara basin acreage assets through their respective subsidiaries.

  • By Miranda Maxwell MELBOURNE, Oct 4- TPG Capital Management LP's. $700 million bid for Billabong International Ltd. Shares in Billabong fell as much as 23 percent to A $1.015, their lowest in more than three months, and last traded down 18.3 percent at A $1.075 before being placed on a trading halt.

  • Drought crushes local beef industry in Hawaii Thursday, 4 Oct 2012 | 3:09 AM ET

    At the same time, Hawaii cattle ranchers ship 40,000 live cattle each year to California, Kansas and other states, while just 4,000 are slaughtered for meat sales in Hawaii.

  • PRESS DIGEST-Funds Industry News - Oct 4 Thursday, 4 Oct 2012 | 2:54 AM ET

    *Morgan Stanley is in talks to sell a majority stake in its commodities business to the Qatar Investment Authority. *Singapore state investor Temasek Holdings is putting pressure on Standard Chartered to appoint more independent directors.

  • MELBOURNE, Oct 4- Australia's Billabong International Ltd lost almost a quarter of its market value after a report said the last remaining bidder, private equity firm TPG Capital Management LP, might follow former suitors and ditch its takeover offer for the surfwear retailer.

  • RESEARCH ALERT-Baird cuts Hewlett Packard price target Thursday, 4 Oct 2012 | 1:11 AM ET

    Oct 4- HP:* Baird cuts Hewlett Packard price target to $18 from $22; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • TEXT-S&P rates LIN TV senior unsecured notes Thursday, 4 Oct 2012 | 12:51 AM ET

    --The company plans to issue $290 million of senior unsecured notes to partially finance this acquisition.

  • TEXT-S&P affirms Health Care Service Corp ratings Thursday, 4 Oct 2012 | 12:46 AM ET

    --Health Care Service Corp. has a very strong financial risk profile underpinned by excellent balance sheet strength and very strong business risk profile. --We are affirming our' AA-' financial strength on Health Care Service Corp. and our' AA-' issue rating on its $500 million senior notes.

  • Wal-Mart sued in Fla. by workers over gender bias Thursday, 4 Oct 2012 | 12:30 AM ET

    MIAMI-- Three female Wal-Mart Stores Inc. employees have filed a lawsuit in South Florida claiming the retail giant discriminates against women in areas such as wages and promotion opportunities.

  • ZaZa Energy in talks to sell French assets Thursday, 4 Oct 2012 | 12:19 AM ET

    HOUSTON-- Exploration and development company ZaZa Energy Corp. said Thursday it may sell its French assets. ZaZa Energy said it makes no assurances that the sale will be completed. Its shares lost 5 cents to $2.70 in midday trading after dropping as low as $2.65 earlier in the session, their lowest level since August 2011.

  • More Ala. counties eligible for hurricane aid Thursday, 4 Oct 2012 | 12:06 AM ET

    Robert Bentley said in a statement Thursday that the Federal Emergency Management Agency has approved the request. Bentley had sent a letter to FEMA saying the five counties-- Covington, Dallas, Geneva, Monroe and Perry-- suffered $2.5 million in damage. Baldwin, Mobile and Pickens counties had previously been approved for aid.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.

  • PETA protests injury to whale at SeaWorld San Diego Wednesday, 3 Oct 2012 | 10:29 PM ET

    *SeaWorld disputes claim injury inflicted by another whale. *In protest, animal rights group calls for SeaWorld boycott. "We are encouraging the public to boycott SeaWorld over their treatment of these killer whales, which results in injuries to the animals and to the trainers," said Matt Bruce, a local spokesman for the animal rights group.

  • Wednesday's decision by the 5th U.S. Circuit Court of Appeals in New Orleans came amid a separate labor dispute by the airline's 8,000 pilots and its parent company, AMR Corp., which filed for bankruptcy in November.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt airline. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was cancelled last month.

  • *Moscow lab complained some chips were faulty. Federal prosecutors in Brooklyn, New York unsealed an indictment charging 11 alleged participants in the network, as well as companies based in Houston, Texas, and Moscow, with illegally exporting high-tech components from the United States to Russian security agencies.

  • American Airlines, pilots resume contract talks Wednesday, 3 Oct 2012 | 6:08 PM ET

    FORT WORTH, Texas-- American Airlines is making a peace offering to its pilots as the two sides resume contract talks. The changes could amount to "a few percentage points" of pay for about one-third of the union's members, said Allied Pilots Association spokesman Gregg Overman. AMR Corp.' s American Airlines and the union agreed to resume contract talks this week.

  • US gas prices trickle lower except on coasts Wednesday, 3 Oct 2012 | 5:12 PM ET

    Motorists in California paid an average of $4.232 per gallon Wednesday. That's 45 cents higher than the national average and exceeded only by Hawaii among the 50 states. Prices in New York, Connecticut and New Hampshire are at or near highs for the year.

  • Chesapeake executive compensation under review -filing Wednesday, 3 Oct 2012 | 5:06 PM ET

    HOUSTON, Oct 3- Chesapeake Energy Corp extended employment contracts with certain executives through the end of the year as its board of directors reviews the oil and gas company's compensation practices, according to a regulatory filing on Wednesday.

  • Crown Castle launches offering for T-Mobile deal Wednesday, 3 Oct 2012 | 4:56 PM ET

    HOUSTON-- Crown Castle International Corp. said Wednesday that it is launching an offering of $1.65 billion of senior notes, which are due in 2023..