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  • GM's top lawyer to retire early next year Friday, 17 Oct 2014 | 12:41 PM ET

    DETROIT, Oct 17- General Motors Co's top lawyer, whose department was heavily criticized for the handling of a defective ignition switch linked to at least 27 deaths, will retire early next year. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement, the No. 1 U.S. automaker said on Friday.

  • PUTIN SAYS UKRAINE IS SHORT OF CASH, HE HOPES WESTERN PARTNERS WILL HELP IT OVERCOME CASH DEFICIT.

  • European shares post biggest daily gain in three years Friday, 17 Oct 2014 | 12:37 PM ET

    LONDON, Oct 17- A key pan-European equity index posted its biggest daily gain in three years on Friday as stronger U.S. data fueled a rebound from recent sharp losses and speculation about monetary easing stabilized lower-rated euro zone bonds. The index extended gains after a widely followed survey showed U.S. consumer sentiment rose in October to the highest...

  • MILAN- RUSSIA'S PUTIN SAYS RUSSIA, UKRAINE AGREED ON TERMS OF GAS SUPPLIES' AT LEAST FOR THE WINTER PERIOD'.

  • LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...

  • CAIRO/ BENGHAZI, Libya, Oct 17- A self-styled rival government controlling Libya's capital announced its own oil policies this week, drawing a rebuttal from Prime Minister Abdullah al-Thinni who said oil revenues continued to go to the elected government. Libya is in turmoil, with two competing governments vying for control after Operation Dawn, an umbrella of...

  • NEW YORK, Oct 17- UBS AG sued Croatia in New York federal court on Friday, claiming the republic owes it $45 million in principal and interest on defaulted debt assumed after the breakup of Yugoslavia. In 2001, the country's remaining external debt was divvied up among Croatia and the other successor states to Yugoslavia: Bosnia and Herzegovina, Macedonia,...

  • BEIRUT, Oct 17- Iraqi pilots who have joined Islamic State in Syria are training members of the group to fly in three captured fighter jets, a group monitoring the war said on Friday, saying it was the first time the militant group had taken to the air. The group, which has seized swathes of land in Syria and Iraq, has been flying the planes over the captured al-Jarrah...

  • "is calling on all stakeholders... to safeguard consumer finances and reduce their chances of becoming victims of identity theft- America's fastest-growing crime," the White House said in a statement. Home Depot Inc, Target Corp, Walgreen Co and Wal-Mart Stores Inc will be rolling out secure chip and PIN-compatible card terminals in all their stores, most by...

  • BUZZ-Netflix Inc: Goldman slashes price target Friday, 17 Oct 2014 | 11:40 AM ET

    3.8 pct at $347.87 in late morning trading. **Goldman Sachs slashes price target on stock to $450 from $550, citing company's slower-than-expected new subscriber growth in Q3. **Stock has median price target of $425- Thomson Reuters data.

  • *Italy's Monte Paschi seen at risk. LONDON, Oct 17- Violent swings on financial markets in the past week have deepened investors' anxiety about what Europe's review of the health of its banks will reveal later this month. Concerns range from losses on bond portfolios held by banks in peripheral euro zone economies such as Italy or Greece to the greater difficulty...

  • WASHINGTON, Oct 17- The head of U.S. troops in the Middle East said on Friday Iraqi forces are "incrementally" recapturing ground from Islamic State militants who seized much of the country's northwest this year, but he added that major Iraq advances will take time. Austin said U.S.-led air strikes against Islamic State militants in Iraq and Syria were having an...

  • Wall Street followed Europe's lead, with all major stock indexes climbing more than 1 percent after earnings reports eased concerns about the impact of weak global demand on U.S. growth and businesses. Results at General Electric, Honeywell International Inc and Morgan Stanley topped expectations. GE rose 3.3 percent to $25.05, Honeywell gained 3.6 percent...

  • US STOCKS-Wall St rallies on sturdy earnings, data Friday, 17 Oct 2014 | 11:25 AM ET

    General Electric shares rose 3.8 percent to $25.17 after the company reported third-quarter earnings that topped analyst expectations, pushing the S&P industrial sector up 1.8 percent. Fellow industrial Honeywell shares gained 4.1 percent to $89.27 after its quarterly results, to help send the S&P industrials sector up 2.3 percent.

  • LONDON, Oct 17- Even the wildest markets nearly always draw opportunists looking for profitable ways to play them. This week saw enormous swings across global financial indices as investors took fright at the potential impact of slowing growth and inflation, particularly in Europe, just as the United States ends its huge monetary stimulus programme.

  • MOSCOW, Oct 17- As the head of Russia's biggest state bank and a favourite of President Vladimir Putin, German Gref has long been a loyal supporter of state economic policy. The outburst brought a stinging rebuke from a state television presenter, who portrayed him as a fifth columnist whose remarks could help an alleged U.S. plan to encourage conflicts in Russia.

  • OTTAWA, Oct 17- Canadian inflation settled exactly at the Bank of Canada's target of 2.0 percent in September, with the core rate staying at 2.1 percent, according to Statistics Canada data released on Friday. Bank of Canada Governor Stephen Poloz has said some recent price increases were temporary and so should be ignored, suggesting a lower underlying rate, but...

  • LONDON, Oct 17- Lower-rated euro zone bonds clawed back some losses on Friday after one of the sharpest sell-offs since the height of the 2012 euro crisis, with the possibility of further European Central Bank stimulus seen as a barrier against a steeper rise in yields. Deflation hit five euro zone countries in September, including Italy and Spain, while a string...

  • President Barack Obama planned to sign an executive order on Friday to implement enhanced security measures for federal payments, including microchips and PIN numbers for ATM cards. In remarks to the Consumer Financial Protection Bureau, Obama will announce steps that apply to the federal government that he hopes will help lead the private sector to take...

  • *HKEx sees bonanza in China after $2.2 bln LME takeover. To churn out profits, the LME plans to attract more financial investors such as hedge funds and expand its tentacles into mainland China, which for now remains elusive. As part of a strategy of expanding into China, the LME plans to add the Chinese currency as collateral for clearing of metals contracts by...