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  • SINGAPORE, Oct 3- Brent crude futures rose towards $94 a barrel on Friday after a three-day slide pulled prices to their lowest since 2012, but the overall bearish tone appears intact amid ample supply. The crude benchmark is set to end lower for a fourth week in five, having fallen more than 15 percent this year as global supplies have remained high despite rising...

  • Raleigh, North Carolina- based Salix, which makes drugs for gastrointestinal disorders, said in July it would merge with Cosmo's Irish subsidiary, a deal that would allow Salix to move its tax domicile abroad in a practice known as inversion. The development path of the pipeline continued in the meantime, so this termination has no effect on value creation, "said...

  • SAN FRANCISCO, Oct 3- Facebook Inc already knows who your friends are and the kind of things that grab your attention. Soon, it could also know the state of your health. On the heels of fellow Silicon Valley technology companies Apple Inc and Google Inc, Facebook is plotting its first steps into the fertile field of healthcare, said three people familiar with the...

  • NEW YORK, Oct 3- Goldman Sachs Group Inc is considering raising a new infrastructure fund, according to three people familiar with the matter, even as U.S. regulations threaten to reduce its profits from such endeavors. The bank's plans are tentative and in the early stages, and there is currently no fundraising process or target size for the fund, the sources...

  • Bingham is in talks to combine with Morgan, Lewis& Bockius of Philadelphia in a deal that could be approved as soon as this month, and Bingham could file for bankruptcy if the deal doesn't go through, management has told people at the firm. In a firm meeting last week, Bingham managing partner Steven Browne told partners that the firm was exploring other options...

  • WRAPUP 1-U.S. hiring seen rebounding in September Friday, 3 Oct 2014 | 1:00 AM ET

    WASHINGTON, Oct 3- U.S. employers likely stepped up hiring in September and the jobless rate probably held at a six-year low, which could bolster bets on a Federal Reserve rate hike in mid-2015. The business sector is now much more likely to hire even before there is a fall in their inventories, "said Patrick O'Keefe, an economist at CohnReznick and a former U.S.

  • *HSI -1.0 pct, H-shares -0.8 pct, China shut for holiday. HONG KONG, Oct 3- Hong Kong shares sank to 4-1/ 2 month lows on Friday, with investors unloading stock amid the continued civil unrest in the city and more gloomy economic news on China. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.8 percent to a more than three-month low.

  • Oct 3- Cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday season, Bloomberg reported, citing a person familiar with the matter. The New York- based hedge fund will lead a group of lenders to...

  • Oct 3- Salix Pharmaceuticals Ltd and Cosmo Pharmaceuticals SpA said they have terminated their merger agreement, citing a "changed political environment." Raleigh, North Carolina- based Salix, which makes drugs for gastrointestinal disorders, said in July it would merge with Cosmo's Irish subsidiary, a deal that would allow Salix to move its tax domicile abroad...

  • TOKYO, Oct 3- Japanese Government Bond prices ended the morning session steady to slightly higher on Friday, supported by softer domestic share prices, though investors were cautious ahead of the U.S. employment report later in the day. The current 10- year Japanese government bond yield was flat at 0.520 percent, while the 20- year yield fell 0.5 basis point to...

  • *Gold, other precious metals hurt by strong dollar. *PGMs could see further liquidation- HSBC. SINGAPORE, Oct 3- Gold was poised for a fourth weekly loss in five on Friday, hurt by the strength of the dollar in recent weeks, while platinum slumped to a five-year low.

  • SINGAPORE, Oct 3- Brent crude futures rose towards $94 a barrel on Friday after a three-day slide pulled prices to their lowest since 2012, but the overall bearish tone appears intact amid ample supply. The crude benchmark is set to end lower for a fourth week in five, having fallen more than 15 percent this year as global supplies have remained high despite rising...

  • *Hong Kong unrest, U.S. nonfarm payrolls in focus. SYDNEY, Oct 3- Asian stocks were poised for their fourth-straight weekly fall on Friday, with the regional index drifting in an aimless morning session as the civil unrest in Hong Kong and caution ahead of a closely-watched U.S. jobs report kept investors on edge. Tokyo's Nikkei slipped 0.19 percent, Australia's...

  • *Debate paves way for Oct. 31 review of long-term f'casts. TOKYO, Oct 3- Bank of Japan policymakers meeting next week will start debating how to justify maintaining their rosy inflation forecasts even as a slew of weak data will likely force them to cut their economic growth projections later this month. The central bank is widely expected to keep monetary...

  • BEIJING, Oct 3- China's services sector grew at its slowest pace in eight months in September after new orders shrank for the first time since the 2008 global financial crisis, a survey showed on Friday, exposing more weakness in the world's second-largest economy. In a sign that China's cooling property market remained a key drag on the economy, the PMI showed the...

  • TUPELO, Miss., Oct 2- The Federal Reserve's third round of bond buying had a better than expected impact on the U.S. labor market, a Fed official said on Thursday, making it all the more necessary for the central bank to move faster with hiking interest rates. Louis Fed President James Bullard pointed out that the economy has exceeded the economic forecasts the Fed...

  • Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Gross's surprise resignation from the firm on Sept. 26. The Newport Beach, Calif.- based fund manager said the Pimco Total Return Fund, run by Gross for 27 years who made it...

  • *Fast Retailing bucks weakness with strong Sept sales. TOKYO, Oct 3- Japan's Nikkei share average fell on Friday after a sharp drop in European shares curbed risk appetite and as China data hurt sentiment, but index-heavy Fast Retailing Co rose after reporting strong monthly sales. Fast Retailing, which operates Uniqlo clothing stores, rose 1.2 percent and...

  • Louis Federal Reserve President James Bullard said the central bank's policy setting committee will have to change its interest rate guidance language at the next meeting. Since March, the committee has said it will keep rates low for a "considerable time" after its current bond buying program ends. That program is set to end this month.

  • *Dollar/yen rebounds modestly as Tokyo shares bounce. A bounce in Tokyo stocks eased demand for the safe-haven Japanese currency, helping the dollar. Earlier in the week the U.S. currency had rallied to its six-year high versus the yen and a two-year peak against the euro on well-set views of monetary policies in the United States and those of the euro zone and...