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  • Netflix hikes subscription rate by $1 to $9.99/month Thursday, 8 Oct 2015 | 1:39 PM ET

    Oct 8- Netflix Inc on Thursday hiked the subscription rate for its standard plan by $1.00 a month to $9.99 in the United States, the company's website showed.

  • CLINTON PROPOSES ADDITIONAL OVERSIGHT OF "SHADOW-BANKING" SYSTEM, IMPOSING MARGIN AND COLLATERAL REQUIREMENTS ON SHORT-TERM BORROWING.

  • KOKOMO, Ind., Oct 8- Workers outside the gates of a Fiat Chrysler plant here greeted news early on Thursday of a new tentative agreement between the automaker and the United Auto Workers skeptically, giving an indication of the challenges the union may face in getting the deal ratified by members. UAW production workers in Kokomo voted against the proposed...

  • DEMOCRATIC PRESIDENTIAL CANDIDATE HILLARY CLINTON CALLS FOR BREAKING UP TOO-BIG-TO-FAIL BANKS AS PART OF WALL STREET PLAN.

  • FACTBOX-Impeaching a Brazilian president in five steps Thursday, 8 Oct 2015 | 1:30 PM ET

    Congress must still decide whether she broke Brazil's budget law, an impeachable offence. 1) Any citizen can file an impeachment request to Congress. A special committee made up of members of all parties analyses the request, which needs two-thirds support, or 342 of the votes in the lower house, for an impeachment trial to begin in the Senate.

  • RIO DE JANEIRO/ BRASILIA, Oct 8- President Dilma Rousseff's opponents have a clearer path to impeach her after two court rulings against her this week but political hurdles still make her ouster unlikely anytime soon. As many as a dozen impeachment petitions are already before Brazil's Congress, presented by opposition lawmakers who allege, among other...

  • Oct 8- Amazon.com Inc's cloud business, Amazon Web Services, has launched a service to help customers build applications for connected devices, the so-called "Internet of Things." The service, called "AWS IoT," will allow cars, factory floors, aircraft engines and sensor grids, among other things, to interact with cloud services and other devices, the company said on...

  • The pledge was seen as a promising development for Phoenix, Arizona- based Freeport, which is under pressure from billionaire activist investor Carl Icahn and slumping commodity prices. Shares were up 1.7 percent to $13.24, after climbing more than 10 percent on Wednesday, when Freeport said two Icahn appointees were added to its board of directors.

  • NEW YORK, Oct 8- A former senior trader at Deutsche Bank AG pleaded guilty to engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of global investigations involving various banks, the U.S. Justice Department said Thursday. The case marked the first time an individual had been charged in the investigation connected to Deutsche Bank,...

  • UPDATE 1-IMF's Lagarde sees tough policy trade-offs Thursday, 8 Oct 2015 | 1:20 PM ET

    LIMA, Oct 8- International Monetary Fund chief Christine Lagarde urged global policymakers on Thursday to support economic growth while also tackling financial risks stemming from the provision of easy money amid a "rapidly changing and uncertain world." Lagarde, presenting a Global Policy Agenda at the fund's annual meeting in Peru, said a recovery in the...

  • Concerns over geopolitical tensions in Syria boost crude prices. NEW YORK, Oct 8- Oil prices climbed to their highest in five weeks on Thursday, as buoyant Chinese equity markets encouraged buying, and as Russia's military involvement in Syria brought a geopolitcal risk premium into the market. Brent crude oil futures rose $1.60 to $52.93 a barrel by 1:07 p.m....

  • WASHINGTON, Oct 8- Democratic U.S. presidential candidate Hillary Clinton's plan to rein in Wall Street "abuses" will include a "risk fee" levied on the largest financial institutions, her campaign said on Thursday. Under the proposal, Clinton would charge a yearly "risk fee" on a sliding scale on the liabilities of banks with more than $50 billion in assets along with...

  • BUZZ-Credit Suisse: Slips on capital raising report Thursday, 8 Oct 2015 | 1:07 PM ET

    BUZZ-CREDIT SUISSE: SLIPS ON CAPITAL RAISING REPORT@** Swiss bank's shares down 3.6 pct in both. **The Swiss bank plans to tap investors for a "substantial" capital raising to fund a restructuring under new CEO Tidjane Thiam, the Financial Times reports. **Goldman Sachs poll shows 91 pct of investors expect Credit Suisse to raise above 5 billion Swiss Francs, according...

  • LONDON, Oct 8- The Bank of England has asked British banks to report their exposure to commodities and ensure they are mitigating risks effectively, a source familiar with the situation said on Thursday. Prices for oil and other commodities have fallen sharply in recent months, and earlier on Thursday the Financial Times reported the BoE move had been triggered...

  • New IMF forecasts this week saw no change to the Fund's projections on China. "I think the probability of a major decrease in growth in China is small." The IMF's forecast of 6.8 percent growth this year in China and 6.3 percent in 2016 stuck out in a week in which U.S. bank Citi's renowned economist Willem Buiter suggested the world economy could be pulled into a...

  • European shares rise as car makers rally Thursday, 8 Oct 2015 | 12:58 PM ET

    *Deutsche Bank down 1.8 percent after clean-up. *Credit Suisse hit by report over planned capital raising. *Telefonica down on reported mobile merger doubts.

  • *Newspaper says "defeat devices" switched on in Europe. BERLIN/ WASHINGTON, Oct 8- Volkswagen's rigging of diesel emissions tests was not a company decision but the result of actions by a small number of engineers, its top U.S. executive said on Thursday. Earlier on Thursday, German prosecutors raided Volkswagen's headquarters and other offices as part of their...

  • *VW's Horn says cheating was not a corporate decision. WASHINGTON, Oct 8- Volkswagen's cheating on emissions with the use of software in diesel cars was not a corporate decision, but something that "individuals did," its U.S. chief executive told lawmakers on Thursday. Michael Horn, Volkswagen's U.S. president and chief executive, testified under oath to the House of...

  • *Concerns over geopolitical tensions in Syria boost crude prices. NEW YORK, Oct 8- Oil prices climbed to their highest in five weeks on Thursday, as buoyant Chinese equity markets encouraged buying, and as Russia's military involvement in Syria brought a geopolitcal risk premium into the market. "Sentiment regarding China appears to have shifted of late and we...

  • Oct 8- Neurocrine Biosciences Inc's experimental drug for tardive dyskinesia, a neurological disorder, was effective in a late-stage study, bringing it a step closer to becoming the first treatment to win U.S. approval for the condition. About 10 percent of the 6 million U.S. patients who are currently on antispychotics develop tardive dyskinesia, Leerink...