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  • Oct 12- Low interest rates both hurt and helped third-quarter earnings at Wells Fargo& Co, boosting mortgage lending but squeezing core profitability more than analysts expected.

  • Swiss stocks - Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:41 AM ET

    ZURICH, Oct 12- Swiss stocks were expected to open slightly lower on Friday, in line with other European bourses as uncertainty about Spain's debt crisis and earnings season gloom kept a lid on risk appetite. posted first-half sales of 69 million Swiss francs and said it had been adversely affected by lower demand in Spain and Italy.

  • German ship owners call for state bailout Friday, 12 Oct 2012 | 12:41 AM ET

    FRANKFURT, Oct 12- German ship owners have called for a state bailout as the sector continues to struggle with overcapacity, rising fuel costs and hard-pressed banks pulling back from lending to the industry.

  • Singapore shares rose slightly, with shopping mall owner CapitaMall Trust and palm oil firm Wilmar International Ltd among the biggest gainers. Units of CapitaMall Trust gained as much as 2.9 percent to S $2.12, the highest in nearly two years.

  • RPT-Polish PM wins vote of confidence in parliament Friday, 12 Oct 2012 | 12:38 AM ET

    WARSAW, Oct 12- Polish Prime Minister Donald Tusk on Friday won a parliamentary vote of confidence that he himself had requested to slap down criticism of how he is handling the slowing economy. Two hundred and thirty-three members of the 460- seat lower house of parliament backed Tusk in the vote, while 219 voted against him.

  • *Territorial spat between Japan and China may hit sales. TOKYO, Oct 12- Japan's government downgraded its view of the economy for the third straight month in October as worries about Europe's debt crisis and China's slowdown intensified, adding pressure on the central bank to offer further stimulus to support growth.

  • Japanese banks considering $22.9 bln loan to Softbank Friday, 12 Oct 2012 | 12:38 AM ET

    TOKYO, Oct 12- Three large Japanese banks are considering providing 1.8 trillion yen in syndicated loans to Softbank Corp, allowing the Japanese mobile carrier to bid for Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.

  • Polish PM wins vote of confidence in parliament Friday, 12 Oct 2012 | 12:37 AM ET

    WARSAW, Oct 12- Polish Prime Minister Donald Tusk on Friday won a parliamentary vote of confidence that he himself had requested to slap down criticism of how he is handling the slowing economy. Two hundred and thirty-three members of the 460- seat lower house of parliament backed Tusk in the vote, while 219 voted against him.

  • Oct 12- Charges against a high-ranking Morgan Stanley banker accused of stabbing a New York City cab driver in a dispute over a long-distance fare are set to be dismissed, Connecticut police and the cabbie's attorney said on Friday.

  • LONDON, Oct 12- Irish originator Permanent TSB made a capital gain in excess of EUR150m with its RMBS tender offer, repurchasing EUR644.6m of bonds from the Fastnet 2 transaction.

  • Markets slip after bank earnings reports Friday, 12 Oct 2012 | 12:35 AM ET

    LONDON-- Financial markets slipped on Friday, as disappointing earnings from Wells Fargo bank offset brighter figures from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey. But revenue gains reported by Wells Fargo were below investors' expectations, pushing stock markets back down by the time European exchanges closed.

  • *Pre-weekend profit taking pressures prices. *Coming up: Baker Hughes rig data, CFTC trade data Friday. NEW YORK, Oct 12- U.S. natural gas futures lost ground on Friday after four straight days of gains, lightly pressured by forecasts for fairly mild U.S. weather next week and some profit taking following the front-month's climb to a fresh 2012 high in overnight trade.

  • China's Sany Heavy Equipment CEO, chairman resign Friday, 12 Oct 2012 | 12:34 AM ET

    HONG KONG, Oct 12- The chief executive and chairman of Sany Heavy Equipment International have resigned, the Chinese company said on Friday, as the construction industry grapples with a slowdown in the world's second largest economy.

  • Bank of China executive warns of shadow banking risks Friday, 12 Oct 2012 | 12:34 AM ET

    China must "tackle" shadow banking, particularly the short term investment vehicles known as wealth management products, Xiao Gang, the chairman of the board of Bank of China, one of the top four state-owned banks, wrote in an op-ed in the English-language China Daily on Friday.

  • TEXT-S&P revises FIATC outlookl Friday, 12 Oct 2012 | 12:33 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The outlook revision follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.

  • *Worries persist over whether Spain will request aid. NEW YORK, Oct 12- U.S. Worries on whether Spain will ask for a full-blown bailout to help its struggling economy stoked safety bids for Treasuries, while the Federal Reserve's latest bond purchase added to gains in longer-dated debt, analysts said.

  • French and Benelux stocks-Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:31 AM ET

    Billionaire Vincent Bollore plans to list shares of his holding company's electric-car-and-batteries unit next year, the French tycoon told daily Les Echos in an interview. The French ad group said it had acquired 117,415 shares in LBi International NV as part of a deal to acquire the Dutch agency announced in September.

  • Accuray CEO resigns, replaced by healthcare exec Friday, 12 Oct 2012 | 12:30 AM ET

    SUNNYVALE, Calif.-- Radiation therapy system maker Accuray said Friday that healthcare executive Joshua Levine will be its new CEO, replacing Euan Thomson, its head for the past decade. Thomson had been Accuray's president and CEO since 2002. He also resigned from its board of directors. Accuray said that Thomson will likely consult for the company.

  • TEXT-S&P cuts Fenix Directo rating Friday, 12 Oct 2012 | 12:30 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services lowered its unsolicited public information counterparty credit and insurer financial strength ratings on Spanish direct insurer Fenix Directo S.A. to' BBB-pi' from' BBBpi'.

  • *JPMorgan has lower' London whale' losses than in 1st half. Oct 12- Two of the nation's biggest banks, Wells Fargo& Co and J.P. Morgan Chase& Co, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere hurt J.P. Morgan more than Wells Fargo.