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  • NYMEX-Crude rises above $90 after dollar slump Monday, 6 Oct 2014 | 8:55 PM ET

    *U.S. crude inventories rose by 1.4 million barrels last week to 358 million barrels according to analysts polled by Reuters ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration. *NATO Secretary-General Jens Stoltenberg said on Monday the alliance...

  • Oct 6- Point72 Asset Management LP, the renamed SAC Capital Advisors LP founded by billionaire Steven A. Cohen, said it will reorganize its equities business into seven units along sector and geographic lines. SAC Capital Advisors agreed to pay $1.8 billion to resolve criminal and civil probes, in what the U.S. Department of Justice said was the largest insider...

  • SINGAPORE, Oct 7- Gold retained sharp overnight gains on Tuesday to trade just above $1,200 an ounce as a fall in the dollar boosted the precious metal's appeal. Gold gained 1.3 percent on Monday in its biggest one-day jump in two months, climbing back above the key $1,200- an-ounce level as the dollar fell on profit-taking after 12 straight weeks of gains.

  • SYDNEY, Oct 7- London copper was on Tuesday holding 1- percent gains notched up the session before after the dollar suffered its biggest one-day drop in a year, alleviating pressure on commodities. *China markets, including the Shanghai Futures Exchange are closed from Oct. 1 to Oct. 7 for the National Day holiday. *Rio Tinto rejected a merger approach from smaller...

  • NEW YORK, Oct 6- When Chris Costello wanted to test his new online 401 advice service called blooom, he asked his sister if she would let him peek under the hood of her account. The difference can be more than 3 percent a year on returns or up to 80 percent over 25 years, according to a recent study by benefits consultant Aon Hewitt and 401 advice service Financial...

  • SEOUL, Oct 7- Samsung Electronics Co Ltd is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain. The world's smartphone leader has seen its global market share decline in annual terms for the past two quarters,...

  • MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early trade, shrugging off a choppy, losing session on Wall Street overnight. Japan's Nikkei stock average dropped 0.3 percent ahead of the outcome of the Bank of Japan's policy meeting later in the session. The BOJ is widely expected to maintain its massive monetary stimulus...

  • DIARY - Top Economic Events to Oct 20 Monday, 6 Oct 2014 | 8:01 PM ET

    NEW YORK- World Business Forum in New York. Treasury Secretary Jack Lew talks about the global economy and the recent G20 finance ministers meeting in a discussion sponsored by the Peterson Institute- 1245 GMT. ALBUQUERQUE- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy before an economic forum hosted by the Federal...

  • Oct 6- Private equity buyout firm TPG has approached troubled British grocer Tesco PLC to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday. TPG's offer to Tesco came several months ago, when Philip Clarke was still chief executive, Sky News said, citing a source.

  • HP faces uphill battle with newly minted PC unit Monday, 6 Oct 2014 | 7:52 PM ET

    SEATTLE/ SAN FRANCISCO, Oct 6- Hewlett-Packard Co's Chief Executive Officer Meg Whitman appeared to be banking on growth markets like 3 D printing and a trickle back in PC sales when she announced on Monday a spin-off for the company's computer and printing business. Yet some questioned the move, expressing doubt over whether the newly christened " HP Inc" can...

  • SEOUL, Oct 7- Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 59.7 percent in the July-September period to 4.1 trillion won as earnings from its market-leading smartphone division likely continued to shrink. The guidance, released ahead of final third-quarter figures due around end-October, was lower than a 5.6 trillion won mean...

  • LONDON/ NEW YORK, Oct 7- BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. sanctions, sources said. Four sources with banks and trading houses in Europe and the United States said JP Morgan decided...

  • SAO PAULO, Oct 6- Brazilian cellphone tower operator T4U Holding Brasil SA delayed the pricing of a 500 million-real initial public offering for a month as concern over the nation's presidential election hampered sentiment ahead of investor meetings, two sources with direct knowledge of the deal said on Monday. T4U, which is controlled by Israel's Fishman...

  • SYDNEY, Oct 7- The dollar nursed heavy losses early on Tuesday, having suffered its biggest one-day fall in a year as it reversed almost all of its U.S. payrolls-inspired gains in a temporary setback for dollar bulls. The euro rebounded to $1.2652 from a two-year trough near $1.2500 set on Friday, while sterling clawed back to $1.6075, after hitting an 11- month low...

  • WASHINGTON, Oct 6- Raytheon Co beat out Lockheed Martin Corp and Northrop Grumman Corp for a contract to build a next-generation long-range radar system for the U.S. Air Force, the U.S. Defense Department said on Monday. The award marks another significant win for Raytheon in the radar market, a deal valued at around $1 billion, and kicks off the next phase of a...

  • Oct 6- After nearly a week in hospital, the first Ebola patient diagnosed in the United States began to receive an experimental therapy initially developed to treat other viral diseases, according to the Dallas hospital where he lies in critical condition. On Monday, however, a spokeswoman for Texas Health Presbyterian Hospital said Duncan began receiving a...

  • CARACAS, Oct 6- Venezuela has withdrawn money from its central bank reserves to start paying roughly $1.786 billion in debt, a high-ranking government source told Reuters on Monday, allaying fears the Socialist-run country might opt to default. Venezuela has to service roughly $1.498 billion due from its Global 2014 bond on Wednesday and about $250 million in...

  • NEW YORK, Oct 6- Creditors of bankrupt wireless company LightSquared and the company's owner, Harbinger Capital Partners, will once again try to reach a mediated restructuring deal after a judge raised the prospect of converting the case to a Chapter 7 liquidation. With a deadline for confirming a plan just weeks away, Harbinger and two creditors, MAST Capital...

  • SAO PAULO, Oct 6- Bank workers in Brazil ended a nationwide strike on Monday after accepting a smaller-than-sought counter-proposal from commercial banks over pay raises for this and next year. Unions from about 50 different regions encompassing Brazil's largest metropolitan areas had joined the strike. Over the past 11 years, the union won a 20.7 percent...

  • BOSTON, Oct 6- Sahm Adrangi, who runs small hedge fund Kerrisdale Capital, told Wall Street on Monday he believes satellite communications company Globalstar Inc's business is worthless, sending its stock tumbling roughly 25 percent. Renting out the same mid-town Manhattan auditorium where prominent activist investor William Ackman has unveiled some of...