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  • DETROIT, Oct 27- J.D. Power& Associates and LMC Automotive on Monday forecast that U.S. new vehicle sales for October would show a rise of 6 percent from a year ago to 1.27 million vehicles, which translates to an annualized selling rate of 16.3 million vehicles. This would be the highest level of new vehicle sales for October since 2004, the industry consultancies...

  • Oct 27- BlackRock is lowering the fees on three of its bond funds, including its $4 billion Total Return Fund, according to a filing with the Securities and Exchange Commission Monday morning. BlackRock's move comes just weeks after the departure of Bill Gross from Pacific Investment Management Co.. "BlackRock regularly evaluates fund fees and expenses to...

  • Deaths linked to GM's ignition switch rise to 30 Monday, 27 Oct 2014 | 11:13 AM ET

    WASHINGTON, Oct 27- A program to compensate victims of mishaps caused by a faulty ignition switch in General Motors' vehicles has approved one new death claim, bringing the total number of deaths linked to the switch so far to 30, according to a report released on Monday by the lawyer overseeing the program. Since it began accepting claims on Aug. 1, the program has...

  • Franklin Resources tops 4Q profit forecasts Monday, 27 Oct 2014 | 11:10 AM ET

    Franklin Resources on Monday reported fiscal fourth-quarter profit of $640.6 million.

  • COLUMN-Excuse-free guide to student loan repayment Monday, 27 Oct 2014 | 11:08 AM ET

    LOS ANGELES, Oct 27- The six-month grace period for many student loans is about to expire for new college graduates. If the past is any guide, many people will miss their first payment and some will end up defaulting on their loans- even though there's usually no good reason for that to happen. The typical borrower with student loan debt has four loans, according to a...

  • WASHINGTON, Oct 27- U.S. services sector activity dipped to a six-month low in October, pointing to some moderation in economic growth early in the fourth quarter. Financial data firm Markit said its preliminary or "flash" services sector Purchasing Managers Index slipped to 57.3 last month, the lowest reading since April, from 58.9 in September.

  • *Morgan Stanley strategists remain' overweight banks'. PARIS/ LONDON, Oct 27- European stocks fell on Monday, as investors booked the gains they made after the European Central Bank's review of the region's banks and an index of German business sentiment dropped to its lowest in almost two years. Among the few gainers, shares in Austria's Erste Group Bank added 4.5...

  • NEW YORK, Oct 27- Global equity markets slipped on Monday, hit by weak German business sentiment and another decline in oil, while Brazil slumped after incumbent Dilma Rousseff narrowly won a second term over an opponent seen as more pro-business. "It's very hard to put a positive spin on what's going on in Europe," said Bernard Baumohl, managing director and chief...

  • Seagate revenue up on PC, cloud products Monday, 27 Oct 2014 | 10:59 AM ET

    Seagate Technology reported an 8.5 percent rise in revenue, helped by higher demand for its personal computer and cloud storage products.

  • DUBAI, Oct 27- OPEC is unlikely to reduce its production ceiling when the group meets in November, Iran's oil ministry news agency Shana cited Mohsen Qamsari, director for international affairs of National Iranian Oil Company, as saying on Monday. OPEC meets on Nov. 27 to decide on its output policy amid calls by some members of the producing group to cut output to...

  • FRANKFURT, Oct 27- The European Central Bank's plan to buy private sector assets may fall short of its goal and pressure is likely to build for bolder action early next year, with government bond purchases an option, ECB sources said. ECB President Mario Draghi has said he wants the purchase plans, together with the provision of new cheap loans to banks, to increase...

  • Shares in TNT Express hit lows after Q3 loss Monday, 27 Oct 2014 | 10:44 AM ET
    A TNT delivery truck near Amsterdam, Netherlands

    Shares in TNT Express, one of Europe's largest package delivery companies, slumped to all-time lows after the company reported a 56 million euro loss.

  • MEXICO CITY, Oct 27- Mexican factory exports slipped in September while consumer imports plunged in a sign that a recovery in Latin America's No. 2 economy may be losing steam. Most of Mexico's exports are manufactured goods and nearly 80 percent of the country's exports are sent to the United States. Mexico's economy picked up in the second quarter after a slow...

  • MOSCOW, Oct 27- The rouble fell sharply on Monday, extending its decline and prompting renewed central bank support, despite getting a slight boost from Standard& Poor's decision to keep Russia's sovereign debt rating unchanged. "The Russian central bank is not yet able to stop the national currency's slide, neither with currency interventions, which are...

  • *Brazil concerns, ECB stress tests spook market. Treasury debt prices rose on Monday in a safe-haven bid on concerns about weak U.S. economic data and the steep drop in Brazil's stock market following the re-election of incumbent leftist Dilma Rousseff. "The bid in Treasuries has a little more to do with Brazil, following the re-election of Rousseff," said Tom di...

  • NEW YORK, Oct 27- Energy shares dragged Wall Street lower on Monday as crude prices fell further, while readings on the services sector and home sales came in below forecasts. Brent crude oil fell below $85 a barrel and U.S. crude dipped below $80 after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand. Shares of Brazilian...

  • Western solar panel makers see surge in U.S. demand Monday, 27 Oct 2014 | 10:26 AM ET

    Germany's biggest solar panel maker SolarWorld said on Monday around half of its panels were currently been snapped up by U.S. customers. The United States in July set new import duties on solar products from China and Taiwan after the Commerce Department found that solar panels and cells were being sold too cheaply on the U.S. market. SolarWorld, which normally...

  • SAO PAULO, Oct 27- President Dilma Rousseff's narrow re-election victory met with cold reality on Monday as Brazil's financial markets tumbled on doubts that can restore confidence in the economy and maintain political support in a sharply divided nation. Brazil's benchmark Bovespa stock index fell around 5 percent in early trading, while Brazil's real...

  • Oct 27- Pfizer Inc ended an agreement with Pain Therapeutics Inc to develop and market Durect Corp's pain drug, Remoxy, sending the stocks of the two smaller drugmakers plummeting. Durect's shares fell as much as 46 percent in early trading on Monday, while Pain Therapeutics stock slumped 61 percent. Pain Therapeutics, which since 2002 has the license to develop...

  • *Botswana needs to diversify away from gems. *Botswana's future has wider implications for Africa. Bogopa, who studied on a government scholarship, is among thousands of unemployed graduates in Botswana who exemplify both the country's swift economic progress in the five decades since independence from Britain, and the challenges it now faces.