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  • LONDON, Oct 7- The hullabaloo surrounding Glencore Plc's spurned approach to rival miner Rio Tinto shows why this is probably the wrong deal at the right time. Glencore's proposal to create a $160 billion behemoth is certainly audacious, and may even make sense for shareholders of both companies if priced attractively. Both of those would be tough decisions for...

  • Oct 7- SodaStream International, the Israeli at-home soda machine maker said to be looking for a buyer, estimated third-quarter revenue that fell short of market expectations, citing weak demand in the United States. SodaStream's shares fell as much as 16 percent in heavy premarket trading on Tuesday. SodaStream's sales in the Americas have fallen in the past...

  • Oct 7- Bristol-Myers Squibb said it withdrew its U.S. marketing application for a drug combination to treat hepatitis C. Bristol-Myers said the combination treatment of daclatasvir and asunaprevir was approved in July for use in Japan. The company plans to submit additional data on daclatasvir from an ongoing study to the U.S. Food and Drug Administration.

  • *Glencore approached Rio Tinto about a merger in July. *Rio says no talks with Glencore after rejecting bid. MELBOURNE/ LONDON, Oct 7- Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.

  • LONDON, Oct 7- A second day of grim German data and expectations for a cut in the International Monetary Fund's growth forecasts spooked European assets on Tuesday, as the recent spell of global financial market volatility continued. "Industrial production is currently going through a weak phase," Germany's Economy Ministry said in a statement.

  • UPS acquires logistics company i-parcel Tuesday, 7 Oct 2014 | 8:35 AM ET

    Oct 7- United Parcel Service Inc the world's biggest courier company, said it bought i-parcel LLC to strengthen its business in the fast-expanding global e-commerce market. Terms of the deal were not disclosed. I-parcel helps American e-commerce merchants with international delivery services in over 93 countries, UPS said.

  • NEW YORK, Oct 7- GT Advanced Technology Inc shares were attracting the most volume on the Nasdaq on Tuesday morning a day after the sapphire glass maker filed for bankruptcy. GT plunged 92.8 percent to 80 cents on Monday, then were up 21.3 percent at 97 cents in premarket trading. On the New York Stock Exchange, U.S.-traded shares of Nokia dropped 2 percent in heavy...

  • ECB quietly pins its hopes on falling euro Tuesday, 7 Oct 2014 | 8:13 AM ET

    FRANKFURT, Oct 7- Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro. As Washington prepares to stopper the supply of cheap money that has been helping it revive the United States, the euro has started to fall steeply against the dollar.

  • DETROIT, Oct 7- Chrysler Group LLC said on Tuesday it is recalling about 22,100 small cargo vans because of inadvertent side air bag deployments, the company and U.S. safety regulators said. Chrysler said 18,245 model year 2013 to 2015 Ram C/V Tradesman vehicles are in the United States and 3,870 are in Canada. Shares in a new holding company, Fiat Chrysler...

  • *Spain selling 5- year inflation-linked bond via syndication. LONDON, Oct 7- Spanish bond yields nudged up on Tuesday as Madrid launched an inflation-linked bond whose appeal to investors lay more in the potentially higher return than in the inflation-proofing. Orders were nearly 9 billion euros, a lead manager on the sale told IFR, a Thomson Reuters service.

  • PARIS, Oct 7- Prosecutors in the Airbus insider trading case suffered another setback on Tuesday when a Paris court rejected the prosecution dossier, a move which could delay one of France's most keenly awaited corporate trials by up to two years. Judges at the Paris criminal court ordered that the dossier should be sent back to investigating magistrates after...

  • Oct 7- SodaStream International, an Israeli maker of home soda machines, estimated third-quarter revenue that fell short of analysts' expectations, citing lower-than-expected demand in the United States. "We are very disappointed in our recent performance," Chief Executive Daniel Birnbaum said in a statement. The company estimated revenue of about $125...

  • US STOCKS-Weak German data pulls futures lower Tuesday, 7 Oct 2014 | 7:39 AM ET

    NEW YORK, Oct 7- U.S. stock index futures were falling on Tuesday, pressured by a second straight day of weak data out of Germany, the euro zone's largest economy. *U.S.-traded shares of Rio Tinto were down 1.7 percent premarket a day after gaining more than 9 percent, after the iron ore producer said it rejected a merger approach from smaller rival Glencore Plc back in...

  • BANGKOK, Oct 7- Thailand's top business group expects exports to shrink this year, a further worrying sign for the military government which is struggling to re-energize the sputtering economy after months of political unrest. Exports, which are equivalent to more than 60 percent of the economy and unaffected by the unrest, are also struggling due to...

  • UPDATE 1-EU abandons 'dirty' label for tar sands oil Tuesday, 7 Oct 2014 | 7:24 AM ET

    *Canada lobbied against previous labelling proposal. BRUSSELS, Oct 7- A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude...

  • LONDON, Oct 7- The yen hit a one-month high against the euro on Tuesday after Japanese Prime Minister Shinzo Abe spoke about the disadvantages of a weaker currency and data showed a huge fall in German industrial output. The yen also got support from Bank of Japan Governor Haruhiko Kuroda, who told a news conference there was no need to adjust monetary policy if the...

  • *Glencore approached Rio Tinto about a merger in July. *No further talks with Glencore after rejecting bid-Rio. MELBOURNE, Oct 7- Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, slid toward a five-year low.

  • *Rio jumps after rejects merger approach by Glencore. The basic resources index was the only exception, rising 1 percent as news of a rejected merger approach by Glencore for larger rival Rio Tinto rekindled speculation about consolidation in the mining industry. Frankfurt's DAX fell 0.8 percent after data showed the biggest drop in Germany's industrial...

  • *VW brand sales flat for 2nd month as Americas, Russia fall. BERLIN, Oct 7- Mercedes-Benz had its best-ever month for sales in the company's 88- year history in September, benefiting from the release of new models and surging demand in China. Mercedes-Benz also posted its best-ever quarterly sales between July and September of just over 412,000, up 12 percent from...

  • HONG KONG, Oct 7- Yields on Chinese developer Agile Property's bonds leapt this week as speculation flared over why trading in the company's shares on the Hong Kong Stock Exchange had been suspended on Friday. Agile has over $2 billion worth of bonds outstanding and analysts are worried that its short term debt of 14.7 billion yuan exceeds the free to use cash...