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  • Alcoa's shares fall after posting $143M loss in 3Q Wednesday, 10 Oct 2012 | 10:55 AM ET

    NEW YORK-- Shares of Alcoa Inc. fell Wednesday after the aluminum manufacturer reported a third-quarter loss and lowered its 2012 forecast for growth in aluminum demand. THE SPARK: Alcoa said Tuesday that it lost $143 million, or 13 cents a share, in the July-September quarter, largely due to one-time charges.

  • TEXT-S&P raises OSI Restaurant Partners rating to 'B+' Wednesday, 10 Oct 2012 | 10:55 AM ET

    --We also assigned a' B+' corporate credit rating to Bloomin' Brands Inc., as well as a' BB' issue rating and a' 1' recovery rating to OSI Restaurant Partners LLC's proposed $225 million revolving credit facility due 2017 and $1.0 billion term loan due 2019..

  • UPDATE 4-Jeans maker True Religion says exploring sale Wednesday, 10 Oct 2012 | 10:55 AM ET

    By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, which has been hit by falling sales after a series of fashion missteps, said it may sell itself after receiving interest from potential buyers. Shares of the company jumped as much as 25 percent to $26.25 in early trading on Wednesday, valuing it at about $680 million.

  • Oct 10- Tourmaline Oil Corp:. *Announces increase to flow-through common share bought deal financing. *Will now issue 1 million flow-through common shares at a price of $36.90 per.

  • Kenya President vetoes huge bonuses for parliament Wednesday, 10 Oct 2012 | 10:54 AM ET

    NAIROBI, Kenya-- Kenya's president vetoed a move by the country's parliament to award legislators bonuses of up to $110,000 at the end of their term next year. Kenya's 222 legislators currently make about $120,000 a year each. The minimum wage in Nairobi, the capital, is about $1,500 a year.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • UPDATE 2-Rabobank weighs bids for asset manager Robeco Wednesday, 10 Oct 2012 | 10:53 AM ET

    *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 bln euros- sources. is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro- plus business or sell it in one piece, people familiar with the situation said.

  • STOCKHOLM, Oct 10- Sweden is to delay new rules forcing banks to put aside more capital than other banks in Europe to protect themselves against risk to the middle of next year, Financial Markets Minister Peter Norman said on Wednesday.

  • Oil prices rise on wholesale stockpiles and sales Wednesday, 10 Oct 2012 | 10:53 AM ET

    NEW YORK-- The price of oil is rising Wednesday after the government reported U.S. wholesalers' sales rose for the first time in four months. Benchmark crude is up 74 cents to $93.13 per barrel in New York morning trading. The national average for a gallon of regular gasoline stayed at $3.81.

  • MOSCOW, Oct 10- British singer Sarah Brightman announced on Wednesday she had bought a seat to fly on a Russian spaceship, describing the journey as a chance to fulfil a childhood desire "beyond her wildest dreams."

  • Luke Bryan leads American Country Awards nominees Wednesday, 10 Oct 2012 | 10:51 AM ET

    Lady A and Zac Brown Band are next with six nominations apiece, while Swift and Eric Church took five nods each for the third annual fan-voted awards. Bryan, Swift, Lady A, Zac Brown Band and Jason Aldean are up for the night's top honor, artist of the year.

  • Russian Railways adds 12.5 bln rbls to seven-year Eurobond Wednesday, 10 Oct 2012 | 10:50 AM ET

    MOSCOW, Oct 10- Russian Railways continued its drive to raise 100 billion roubles of investment capital this year by adding 12.5 billion roubles to its outstanding seven-year Eurobond issue, one of the deal's arrangers told Reuters on Wednesday. Alongside VTB Capital, J.P. Morgan and Royal Bank of Scotland arranged both deals.

  • NEW DELHI, Oct 10- Tata Steel's Europe unit will receive the first iron ore shipment from its Benga project in Mozambique by end-October, a top official said, a first step towards addressing the cost volatility affecting its European operations.

  • US STOCKS-Wall St edges down as Alcoa, Chevron weigh Wednesday, 10 Oct 2012 | 10:50 AM ET

    *Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.

  • CAPE CANAVERAL, Fla., Oct 10- Astronauts plucked a commercial cargo ship from orbit on Wednesday and attached it to the International Space Station, marking the reopening of a U.S. supply line to the orbital outpost following the space shuttles' retirement last year.

  • MADRID/ PARIS, Oct 10- The leaders of France and Spain called for rapid progress towards a pan-European banking union, saying they hoped an EU summit on Oct. 18 would help promote that goal.

  • US crude up $1, tests recent highs as Middle East supports Wednesday, 10 Oct 2012 | 10:46 AM ET

    NEW YORK, Oct 10- U.S. crude futures extended gains to more than $1 on Wednesday, testing resistance at highs from late September and earlier this month just above $93.30, as Middle East tensions continued to support oil prices. November crude was up 80 cents at $93.19 a barrel at 10:41 a.m. EDT.

  • Japan officials stand by airport security measures Wednesday, 10 Oct 2012 | 10:45 AM ET

    TOKYO-- There was nothing unusual about a man who boarded a flight in Osaka and was arrested after landing in Los Angeles wearing a bullet-proof vest and carrying handcuffs, knives and a smoke grenade in his checked-in baggage, a Japanese official said Wednesday.

  • Analyst: VP debate may stir health care volatility Wednesday, 10 Oct 2012 | 10:45 AM ET

    Any perceived gain for Republican presidential candidate Mitt Romney and running mate Paul Ryan may be seen as a risk that President Barack Obama's health care overhaul could be repealed, analyst Brian Tanquilut said in a research note.

  • Alaska village short of water as winter approaches Wednesday, 10 Oct 2012 | 10:42 AM ET

    ANCHORAGE, Alaska-- Inupiat Eskimo villagers in a small Alaska community are facing six long months of melting ice and snow nearly every time they want to cook a meal or bathe, after freezing temperatures hit before workers could fill the village's two large storage tanks with water.