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  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that could be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • Oct 7- An affiliate of Brookfield Asset Management got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted. "I have heard evidence to satisfy me that the sale to Brookfield should be confirmed," said U.S. Bankruptcy...

  • PARIS, Oct 7- French state-controlled nuclear group Areva said on Tuesday that it plans to cut capital spending by 200 million euros over the next two years in a move aimed at strengthening its financial structure. The savings measures could stave off a credit rating downgrade by Standard& Poor's, which said last month it was considering lowering Areva's BBB-...

  • Yahoo downsizes engineering operations in India Tuesday, 7 Oct 2014 | 1:02 PM ET

    SAN FRANCISCO, Oct 7- Yahoo Inc is reducing the size of its operations in Bangalore, India, the Internet company's largest engineering facility outside its California headquarters. The move comes more than a week after activist investor Starboard Value LP publicly pressured Yahoo to cut what it referred to as a "bloated" cost structure. "As we ensure that Yahoo is...

  • Oct 7- An affiliate of Brookfield Asset Management on Tuesday got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash after a judge rejected complaints the auction for the bankrupt complex was tainted. The losing bidder, Glenn Straub of Florida, objected because he said the auction was unfair.

  • FACTBOX-Novozymes, biofuels and U.S. regulation Tuesday, 7 Oct 2014 | 12:56 PM ET

    COPENHAGEN, Oct 7- This year has been a good one for Novozymes' biofuels business but it may yet end on a sour note as the U.S. Environmental Protection Agency finalizes its long-overdue biofuel targets for this year and next. But after a series of comment periods, the EPA has repeatedly delayed submission of its proposals for White House approval, angering both...

  • *Three of four advanced biofuel plants use Novozymes enzymes. Biomass conversion could transform Novozymes in future. But as commercial production of transportation fuel made from plant waste rather than valuable corn finally starts in the United States, Brazil and Europe, Novozymes has already turned its gaze towards bioplastics and even diapers.

  • CORRECTED-UPS acquires logistics company i-parcel Tuesday, 7 Oct 2014 | 12:53 PM 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 100 countries, UPS said.

  • NEW YORK, Oct 7- U.S. stocks were lower on Tuesday, with cyclical sectors leading the day's decline following weak data out of Germany that adding to growing concerns over the pace of global economic growth. Among specific stocks, Boeing Co lost 1.2 percent to $124.71 and Caterpillar Inc was down 1.4 percent to $96.66. I don't think this is a trend of something that...

  • FRANKFURT, Oct 7- The European Central Bank has moved towards a "quantitative easing philosophy" but should not automatically use its remaining policy tools right away, Governing Council member Jens Weidmann said. ECB President Mario Draghi has said he wants to increase the central bank's balance sheet the towards levels it hit in early 2012- up to 1 trillion...

  • DALLAS, Oct 7- Prominent civil rights activist Reverend Jesse Jackson on Tuesday met the family of the man infected with Ebola and fighting for his life at a Dallas hospital, as health officials keep close tabs on those who came in contact with the patient. Jackson also met with Dallas Mayor Mike Rawlings and is scheduled to meet religious leaders.

  • *Rio jumps after rejects merger approach by Glencore. LONDON, Oct 7- A key European equity index dropped to a 1 1/ 2- month low on Tuesday as the International Monetary Fund cut its growth estimates for the euro zone's three largest economies and German industrial output data disappointed. Market bets on a European economic recovery faded as the IMF downgraded its...

  • UPDATE 1-Pimco's outflow headaches only just beginning Tuesday, 7 Oct 2014 | 12:31 PM ET

    Pimco hasn't said how much money has been withdrawn since fund manager Bill Gross quit on Sept. 26 to join Janus Capital. Outflows "will tend to be elevated over the next few months" said Jeff Tjornehoj, head of Americas research at Lipper, a Thomson Reuters company, who said Gross's exit is "the last straw" for some institutional investors. Morgan Stanley said that the...

  • *Sweden set for shift in foreign policy with new government. STOCKHOLM, Oct 7- Sweden's decision to recognize the Palestine state- without formally consulting its allies- may herald a wider foreign policy shift that has at its heart the aim of asserting a new diplomatic weight around the world. Until now Sweden, under a center-right government, has been close to...

  • NEW YORK, Oct 7- The trustee of Hubbell Inc's controlling family trusts is evaluating alternatives for their holdings, which could lead to a shakeup at the $7.2 billion U.S. electrical equipment maker, according to people familiar with the matter. The trustee, which oversees family trusts that control a significant portion of Hubbell's voting power, has tapped...

  • NEW YORK, Oct 7- Bristol-Myers Squibb Co on Tuesday said it is no longer seeking U.S. approval for an oral two-drug combination to treat hepatitis C because of competition from rival drugs that require treatment for half as long and have shown higher cure rates. In addition, Bristol-Myers' drug faced stiff competition from products being developed by rival...

  • NEW YORK, Oct 7- Wall Street's profits fell in the first half of the year due to fines related to the 2008-2009 financial crisis, a trend that will likely continue for the rest of the year, New York state's top financial watchdog said on Tuesday. Profits at Wall Street's broker-dealers fell 13 percent to $8.7 billion in the first half of 2014, state Comptroller...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty...

  • *Greece denies reports that EU/IMF visit ends abruptly. They said the inspectors were expected to leave this week for an annual conference of the IMF and World Bank in Washington. They will return to Athens after European bank stress tests are announced, Greek officials said.

  • NEW YORK, Oct 7- Dividend payments for U.S. stocks rose by $12.3 billion in the third quarter, representing an increase of 3.7 percent from the prior year and putting companies on track for a record full-year payment, S&P Dow Jones Indices wrote on Tuesday. "Given the number of those issuers which have a history of fourth-quarter dividend increases, 2014 should post...