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  • NEW YORK, Oct 1- Oil prices fell back on Thursday after an early rally on fears of storm damage to U.S. oil installations faded. Brent, the global benchmark for oil, was down 20 cents, or 0.4 percent, at $48.17 a barrel by 10:33 a.m. EDT after hitting a one-week high at $49.84. Hurricane Joaquin, which strengthened into a powerful Category 3 storm and was moving over the...

  • NEW YORK, October 1- U.S. Traders and analysts are awaiting the U.S. Labor Department's September U.S. non-farm payrolls report, which will be released at 8:30 a.m. on Friday. "Everyone is making sure they are squared away because if the report is good, it'll keep December on the table for a rate hike, but if it's not, it will push the move into next year," said Stanley Sun,...

  • Former VW boss Winterkorn remains in four key posts Thursday, 1 Oct 2015 | 11:15 AM ET

    *Also holds key positions at Audi, Scania, trucks unit. The 68- year-old is chief executive of Porsche SE, the family-owned holding company that controls a majority stake in Volkswagen, as well as chairman of VW's flagship luxury brand Audi, trucks division Scania and the group's newly-created Truck& Bus holding. "It's a real surprise that Winterkorn is still there,"...

  • Oct 1- The big three U.S. automakers- General Motors Co, Ford Motor Co and the U.S. operations of Fiat Chrysler Automobiles NV- reported a jump in September sales on Thursday as cheap gasoline and ultra-low interest rates drove demand for sport utility vehicles and pickup trucks. Sales also got a boost from the calendar, with the entire Labor Day weekend falling in...

  • LONDON, Oct 1- Volkswagen has suspended the sale of around 4,000 vehicles in Britain due to software at the center of an emissions scandal, the German carmaker's British unit said on Thursday.

  • MANAMA, Oct 1- Bahrain more than doubled the prices of beef and chicken on Thursday, removing meat subsidies in a politically sensitive move designed to save money as low oil prices slash the government's revenues. Like other Gulf oil-exporting states, Bahrain has for many years subsidized goods and services such as meat, fuel, electricity and water, keeping...

  • *Cheat software is "no-go" area- BMW official. BERLIN, Oct 1- Top officials from BMW and Ford defended the German motor industry's reputation on Thursday, saying their companies had systems to prevent the kind of manipulation that has plunged rival Volkswagen into crisis. BMW development chief Klaus Froehlich described the software VW used to cheat in U.S....

  • WASHINGTON, Oct 1- Senior U.S. lawmakers from both political parties have urged the Obama administration to go slow, consult with Congress and get the right deal in talks underway in Atlanta on a 12- nation Pacific Rim free trade deal. It was signed by House Ways and Means Committee Chairman Paul Ryan of Wisconsin and Senate Finance Committee Chairman Orrin Hatch...

  • NEW DELHI, Oct. 1- India will pay the second tranche of $700 million in oil dues to Iran on Oct. 12, sources said, within weeks of paying a similar amount after a July deal that set the roadmap for the lifting of sanctions aimed at Tehran's nuclear activities. Iran in August asked India to release $1.4 billion of the payments it was owed in two equal installment, the first...

  • Oct 1- Dunkin' Brands Group Inc estimated slower comparable sales growth at its U.S. Dunkin' Donuts stores for the third quarter and said it would close 100 stores in the country. Dunkin' estimated a growth of 1.1 percent in comparable sales at its U.S. Dunkin' Donuts stores in the quarter ended September compared with a 2 percent rise a year earlier.

  • Oct 1- Amazon.com Inc signed a content licensing deal with CBS Corp for three new shows, the latest move in the e-commerce giant's attempt to cater to the rising popularity of on-demand content. Amazon Prime members in the United States will have unlimited access to Mary Elizabeth Winstead- starrer "BrainDead" four days after broadcast without any extra cost.

  • RICHMOND FED'S LACKER TELLS THE WALL STREET JOURNAL AN OCTOBER RATE RISE IS POSSIBLE- CNBC.

  • LONDON, Oct 1- British tech entrepreneur Mike Lynch on Thursday said he would file a claim against Hewlett-Packard for $150 million in damages over allegations the U.S company made about his role in the acquisition of his software company Autonomy in 2011.. HP's $11 billion purchase of Autonomy was supposed to form the central part of the U.S. group's move into...

  • The Institute for Supply Management said on Thursday its index of national factory activity fell to 50.2, its lowest since May 2013 and just below the median forecast in a Reuters poll. More recently, a slowdown in China has sent a chill throughout the global economy, and the Fed cited concerns about global growth and financial market volatility last month when...

  • *Russia backs domestic producers to replace imports. MOSCOW, Oct 1- Russia's drive to promote domestic products at the expense of imports is creating new opportunities for business, but it will take years for the benefits to show, participants at the Reuters Russia Investment Summit said. In its most drastic response to Western sanctions, Russia has introduced a...

  • JOHANNESBURG, Oct 1- The chief executive of South African state-owned pension fund said on Thursday that SABMiller must remain listed on the Johannesburg exchange if the brewer gets taken over by Anheuser-Busch InBev. SABMiller, with a market capitalization of 1.3 trillion rand, is the largest company on the Johannesburg Stock Exchange, accounting for 12...

  • Oct 1- Fertilizer maker Mosaic Co has reached a settlement worth more than $800 million with U.S. regulators over its waste management practices at plants in Florida and Louisiana. The claims were related to the storage and disposal of phosphoric and sulfuric acids at some of Mosaic's plants, the U.S. Department of Justice and the Environmental Protection...

  • Apple appoints former Boeing CFO to its board Thursday, 1 Oct 2015 | 10:29 AM ET

    Oct 1- Apple Inc said on Thursday it appointed James Bell, Boeing Co's former chief financial officer, to its board.

  • Dunkin' Donuts to shut 100 U.S. stores, shares tumble Thursday, 1 Oct 2015 | 10:28 AM ET

    Oct 1- Dunkin' Brands Group Inc said it would shut 100 Dunkin' Donuts stores in the United States in 2015 and 2016, sending the company's shares down almost 13 percent on Thursday. The company also maintained its full-year forecast of adjusted earnings of $1.87- $1.91 per share, according to an investor day presentation. Analysts on average were expecting...

  • FRANKFURT, Oct 1- Volkswagen will need at least several months to complete an investigation into the rigging of emissions tests on diesel vehicles, members of its supervisory board said, pushing back an extraordinary general meeting scheduled for next month. Management would nonetheless inform the public next week of solutions found for the problems it is...