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  • NEW YORK, Oct 16- Jeb Bush is leading the U.S. presidential campaign by at least one measure: financial support from Wall Street. The former Florida governor who is seeking the Republican presidential nomination received more financial backing than any competitor- Democrat or Republican- from employees of the major Wall Street banks between July and the end of...

  • Tinder, Match.com owner files for IPO Friday, 16 Oct 2015 | 5:41 PM ET

    Oct 16- Match Group, the owner of dating services such as Tinder, OkCupid and Match.com, filed with U.S. regulators on Friday for an initial public offering of common stock. JP Morgan, Allen& Co LLC and BofA Merrill Lynch are the underwriters for the offering, the company said in a filing with the U.S. Securities and Exchange Commission. Barry Diller's...

  • BRASILIA, Oct 16- Finance Minister Joaquim Levy's position in Brazil's government was thrown into question on Friday as a news magazine reported that he planned to resign. Levy, who has struggled to push austerity proposals through Brazil's Congress and faced some opposition inside Rousseff's cabinet team, declined to respond to reporters' questions after...

  • APPLE TO PAY $234.2 MILLION FOR INFRINGING PATENT OWNED STATE JOURNAL.

  • NEW YORK, Oct 16- Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy. General Electric helped buoy the index for the day with a 3.4 percent gain after the company reported quarterly results, but other industrials like Honeywell...

  • LOCKHEED MARTIN CORP AIMS TO CUT CORPORATE OVERHEAD COSTS BY AS MUCH AS 30 PERCENT- SOURCES.

  • WASHINGTON, Oct 16- Lockheed Martin Corp, the Pentagon's No. 1 supplier, has launched a review aimed at cutting corporate overhead costs by as much as 30 percent, according to two sources familiar with the initiative. Lockheed would already reduce overhead substantially as part of an announced plan to sell or spin off an array of services businesses with revenue...

  • *World Bank praises Ghana economic reform plan. ACCRA, Oct 16- Nigeria has deferred a plan to slash gas exports to Ghana beginning Friday over an outstanding debt of $181 million, alleviating a threat that could have worsened electricity blackouts and caused another headache for the government. Ghana gets around 25 percent of its power through gas from Nigeria...

  • Oct 16- Micron Technology Inc said Chief Executive Mark Durcan will take a voluntary 50 percent cut in his base salary, amid cost-cutting at the memory chipmaker. The cut, which is temporary, reduced Durcan's annual base salary to $525,000, effective Oct. 18, the company said in a filing on Friday. China's state-backed Tsinghua Unigroup Ltd, a technology...

  • August industrial production data upwardly revised. NEW YORK, Oct 16- U.S. "When you get a data point that maybe suggests that maybe manufacturing isn't as weak or isn't as violently down, that should by its nature cause short term Treasuries to sell off," said Michael Temple, portfolio manager at Pioneer Investments in Boston.

  • Oct 16- Satellite TV provider DirecTV said it would restate financial statements for the quarter ended June, citing an incorrect measurement of assets of its Venezuelan subsidiary. Statements related to the quarter are being restated to record a pre-tax charge of about $1.1 billion, DirecTV said in a regulatory filing on Friday. In July, DirecTV merged with No. 2...

  • Oct 16- The most influential source for U.S. oncology treatment guidelines on Friday unveiled ratings aimed at helping doctors and patients assess the costs versus benefits of current therapies for two types of blood cancer. Craig Hofmeister, a hematologist with the Ohio State University Comprehensive Cancer Center and a member of the NCCN myeloma...

  • Fleming said he is upset by a plan the NYSE floated with the SEC earlier this year which would loosen some of the rules for small public companies to make it easier for them to raise capital. "We have significant reservations about the potential consequences of lowering corporate governance standards on the NYSE," he wrote. A spokeswoman for Intercontinental...

  • NEW YORK/ LONDON, Oct 16- Gold prices slipped on Friday as a recovering dollar pulled them off a 3-1/ 2 month high, but the metal still eked out a weekly rise after gaining in recent sessions on bets against a U.S. interest rate hike. "I really don't see much progress for gold in the coming week, given that there'll be no meeting or minutes of the Fed that could really move the...

  • NEW YORK, Oct 16- Oil prices rose nearly 2 percent on Friday as traders covered short positions after four days of sharp losses, and the U.S. oil rig count fell for a seventh week in a row. "The reality of the global oversupply came in the forefront for most of the week giving back a major portion of last week's gains," said Energy Management Institute analyst Dominick...

  • WASHINGTON, Oct 16- The U.S. House and Senate are "very close" to reaching bipartisan agreement to extend the Dec. 31 federal deadline for passenger and freight railroads to implement new safety technology for avoiding major accidents, an aide said on Friday. One aide said four principal lawmakers from the House and Senate, Republicans as well as Democrats, agreed...

  • WASHINGTON, Oct 16- The U.S. Interior Department on Friday said it would cancel two potential Arctic offshore lease sales after Royal Dutch Shell PLC said that it was not interested in those leases. "In light of Shell's announcement, the amount of acreage already under lease and current market conditions, it does not make sense to prepare for lease sales in the...

  • NEW YORK, Oct 16- U.S. stocks ended higher Friday and the S&P 500 notched a third week of gains, helped by upbeat consumer sentiment data and gains in General Electric.

  • Wynn Resorts, WalMart: One coin in the world economy Friday, 16 Oct 2015 | 4:01 PM ET

    Oct 16- Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to understand more than why the two disparate groups were blamed for horrendous earnings at two very...

  • BRASILIA, Oct 16- Brazil's government is considering raising a fuel tax and other duties to help rebalance its public accounts next year as it loses hope Congress will approve on time a controversial tax on financial transactions, three officials said on Friday. President Dilma Rousseff's administration is in talks with the lawmaker drafting the 2016 budget...