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  • TOKYO/ NEW YORK, Oct 2- Japan's SoftBank Corp said on Thursday it is taking a minority stake in privately-held Legendary Entertainment for $250 million and will form a joint venture with the Hollywood movie studio. Investing in Legendary would give SoftBank access to Hollywood films and television shows and would also broaden the reach of the Japanese company...

  • NAPLES, Italy, Oct 2- The European Central Bank laid out plans on Thursday to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed. Just months after unveiling a multi-pronged attack to help the economy, with cheap bank loans, lower interest rates and a pledge to buy reparcelled...

  • *Investors worry about growth in Europe, China. LONDON, Oct 2- Copper hit a 16- week low and aluminum slipped to its weakest in three months on Thursday after the European Central Bank's monthly meeting failed to inspire confidence about future growth, stoking fears about metals demand. Benchmark copper on the London Metal Exchange shed 0.8 percent to $6,628 a...

  • PARIS, Oct 2- Ad agency Publicis has kept hold of a major contract with Samsung Electronics, a person familiar with the matter said, calming worries it would lose a client analysts said brought in some 70 million euros last year. Publicis shares were down 0.8 percent at 1531 GMT on Thursday, amid losses across European markets on statements from the European...

  • US TREASURIES PARE PRICE LOSSES AS STOCKS DROP, 10- YEAR NOTE YIELDS FALL TO 2.40 PERCENT.

  • LONDON, Oct 2- European shares fell sharply on Thursday, with Italy's FTSE MIB share index recording its biggest daily percentage drop in 18 months, after the European Central Bank gave less details about its plan to buy secured debt than the market had expected. Overall, today's ECB meeting confirms that governing council is now in wait and see mode, " Azad Zangana,...

  • NEW YORK, Oct 2- Shares of movie theater companies fell on Thursday, with some down for a third straight session, after Netflix Inc announced a film production deal with actor Adam Sandler. In the deal, Sander will star in and produce four films that will be shown exclusively on Netflix's streaming service, bypassing the theater system. The theater chains were also...

  • BUENOS AIRES, Oct 2- Argentine stocks and bonds fell sharply on Thursday as the government left markets guessing about policy direction after the appointment of a new central bank chief viewed as sympathetic to the government's ramped-up interventions in the economy. Bond prices also fell as investors digested the nomination of Alejandro Vanoli as the...

  • *BMW offers 4- series coupe in 4 trims; i8 in 3 packages. PARIS, Oct 2- Premium carmakers Mercedes-Benz and BMW are aiming to sell more standardised cars and services to boost profit margins and simplify the complex list of options for buyers-- while also given them the choice of a bespoke car if they want. Ian Robertson, BMW board member responsible for sales and...

  • Oct 2- Wayfair Inc's shares rose as much as 27 percent in their market debut on Thursday, valuing the online home furnishings retailer at about $3.06 billion. The company's debut comes after the blockbuster listing of Chinese e-commerce juggernaut Alibaba Group Holding Ltd in New York and the strong debut of Europe's largest online fashion retailer Zalando...

  • Oil traders say OPEC may be heading for price war Thursday, 2 Oct 2014 | 11:27 AM ET

    *Traders speculate OPEC price war looming. LONDON/ DUBAI, Oct 2- Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer group could compete to defend their market share amid ample supplies and tepid demand. Benchmark Brent crude prices continued to slide...

  • While Lilly's shares hardly budged on the news, the ADRs of Israel- based XTL Biopharmaceuticals Inc, which is developing its own lupus treatment, nearly tripled to $5.00. About 1.5 million people in the United States are estimated to suffer from lupus, according to the U.S. Centers of Disease Control and Prevention. The U.S. Food and Drug Administration approved...

  • *Fewer green sports cars at Paris show vs Frankfurt 2013. PARIS, Oct 2- High-performance sports cars are muscling greener competitors off the exhibition stands at this week's Paris auto show. Fiat SpA's Ferrari, Volkswagen AG's Lamborghini and Bentley and Daimler AG's Mercedes-Benz are all unveiling new sporting models in Paris-- a marked departure from last...

  • NEW YORK, Oct 2- U.S. stocks were lower in late morning trading on Thursday, putting the S&P 500 on track for a fourth session of losses, as energy shares dropped with oil prices. Among the most active names, Halliburton Co shares were down 3.6 percent. "A lot of people got freaked out yesterday, and it is natural to have a selloff, but I don't see any reason for why we'd...

  • MOSCOW/ BUCHAREST, Oct 2- Romanian prosecutors, police and customs inspectors raided the offices of Russian oil firm Lukoil's refinery near the city of Ploiesti on. Lukoil, which has about 300 petrol stations across the Balkan state, bought the Petrotel refinery in 1998.. Romania, which became a NATO member in 2004 and an European Union country three years later,...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. The top 50 short positions within equity long-short funds returned an average of 5.9 percent through September,...

  • IMF's Lagarde says global recovery 'not good enough' Thursday, 2 Oct 2014 | 11:05 AM ET

    WASHINGTON, Oct 2- The global economy could be stuck in a weak growth rut for a long time as countries struggle to pull free from a past of high debt and unemployment, the head of the International Monetary Fund said on Thursday. The economic rebound is even weaker than the IMF predicted six months ago, and countries risk getting bound to a prolonged period of...

  • UPDATE 2-Allianz CEO Diekmann to step aside in May Thursday, 2 Oct 2014 | 11:02 AM ET

    FRANKFURT, Oct 2- Allianz will replace its chief executive earlier than expected, promoting insider Oliver Baete from May as the insurer seeks to restore order at Pimco, its U.S. funds business beset by investor and executive defections. Baete, 49, had been seen as front runner for the job, and is currently serving as Allianz's board member for insurance...

  • NEW YORK, Oct 2- Japan's Softbank Corp will take a minority stake in privately-held Legendary Pictures and the two companies will set up a joint venture, people familiar with the matter said on Thursday. An announcement of the details could come as soon as Thursday, the people said, asking not to be named because the matter is not public. Softbank had been in talks on...

  • WASHINGTON, Oct 2- U.S. small businesses hired workers at the fastest pace in eight months in September, a suggestion the job market continues to strengthen despite a slowdown in hiring a month earlier. The National Federation of Independent Business said its monthly survey of its members found they added an average of 0.24 workers per firm last month, on a...