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  • BRASILIA, Oct 3- When more than a million Brazilians took to the streets last year in anti-government protests, many believed it was a sign that the ruling Workers' Party would be ousted at the next election after 12 years in power. Silva grew up in poverty in the Amazon and was for long a senior figure inside the Workers' Party but she has embraced more...

  • NEW YORK, Oct 3- Shares of Cliffs Natural Resources Inc tumbled on Friday, extending the stock's recent weakness after Nomura downgraded it to "reduce" from "buy." The firm also slashed its price target on the stock, dropping it from $18 to $5 to reflect "sharply reduced net asset value" following a decline in iron ore prices. Cliffs lost 14 percent to $8.59 as the biggest...

  • Oct 3- A jury award of $73.4 million to a woman who said she was injured by a Boston Scientific Corp transvaginal mesh device has been cut to $34.6 million, thanks to a Texas law that caps how much companies must pay in punitive damages. Last month, jurors in Dallas found Boston Scientific liable for selling a defective Obtryx sling that was implanted in plaintiff...

  • *Platinum on Friday hit lowest since Sept 2009. NEW YORK/ LONDON, Oct 3- Gold fell 1.6 percent on Friday, dropping below $1,200 an ounce for the first time this year, as data showing a stronger-than-expected U.S. labor market bolstered bets that the U.S. Platinum dropped around 3 percent and other precious metals and commodities also fell broadly as the dollar index...

  • NEW YORK, Oct 3- Portfolio manager Bill Nygren, whose $6.2 billion Oakmark Select fund has been among the best performing large cap funds in 2014, has added more than a million shares of MasterCard Inc this year, even as shares of the payments company have shed almost 12 percent year to date. Now the fourth-largest position in Nygren's fund, Mastercard has lost...

  • NEW YORK, Oct 3- A federal appeals court signaled that former Jefferies Group Inc managing director Jesse Litvak has a good chance to overturn his conviction for defrauding mortgage bond investors after the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals on Friday granted Litvak's bid to stay out of prison while he appeals his March 7 conviction by a...

  • Oct 3- Shares of Yodlee Inc, which is backed by private equity firm Warburg Pincus, rose about 45 percent in their debut, valuing the provider of software to financial companies at nearly $500 million. The company raised about $75 million after its initial public offering was priced at $12 per share, the mid-point of its expected range of $11- $13 per share.

  • UBS SAYS BASE FOR ANY CALCULATIONS IN THIS MATTER ARE "ARTIFICIAL"; MATTER STILL IN FORMAL INVESTIGATION STAGE.

  • FRENCH MAGISTRATES PROPOSE POTENTIAL FINE FOR UBS AT 4.88 BLN EUROS- JUDICIAL SOURCE.

  • FRENCH MAGISTRATES BASED POTENTIAL FINE ON 12.2 BLN EURO OF FRENCH NATIONALS' ASSETS UNDER MANAGEMENT BY UBS- JUDICIAL SOURCE.

  • LONDON, Oct 3- Russia's beaten-down stocks may have tempted U.S. fund giant Franklin Templeton but few other investors are following, as the country's economic meltdown fuels a nosedive in its currency that could render any investment worthless. "It is very difficult to make money in these markets in hard currency terms," said Maarten-Jan Bakkum, emerging...

  • PARIS, Oct 3- With the landmark listing of Fiat Chrysler Automobiles less than two weeks away, CEO Sergio Marchionne has a clear criterion for success: more than half of the merged company's shares changing hands in New York instead of Milan. "If we do more volumes in New York than we do in Milan, that's a good benchmark," Marchionne said in an interview at the Paris auto...

  • Oct 3- Bond star Bill Gross will commence his new gig at Janus Capital Group Inc with modest needs- a trader and someone to deal with clients- as he takes over a tiny fund with the hopes of making a big splash. "It's unlikely that Janus will ever match that level of support, raising the question of how successful Gross can be with fewer resources," Morningstar Inc analyst...

  • Oct 3- Shares of Yodlee Inc, backed by private equity firm Warburg Pincus, rose as much as 43 percent in their debut, valuing the provider of software to financial companies at $487.4 million. The California- based company raised about $75 million after its initial public offering was priced at $12 per share, the mid point of its expected range of $11- $13 per share.

  • WASHINGTON, Oct 3- The acting head of the U.S. Patent and Trademark Office, former Google Inc executive Michelle Lee, is being seriously considered to permanently head the agency, sources have told Reuters. After leaving Google and before coming to the Virginia- based patent office, Lee headed the U.S. patent office's Silicon Valley outpost.

  • US STOCKS-Wall St rallies on bullish jobs report Friday, 3 Oct 2014 | 11:18 AM ET

    NEW YORK, Oct 3- U.S. stocks were higher on Friday after the September jobs report came in ahead of expectations, though major indexes remained on track for a second straight weekly decline. The sector has lost 4.5 percent this week, its biggest weekly decline since June 2012. "We're looking at a pretty sound fundamental picture, which has us tilted towards the upside,...

  • TREASURIES-Yields rise on sturdy jobs data Friday, 3 Oct 2014 | 10:39 AM ET

    *Treasury to sell $61 bln new debt next week. NEW YORK, Oct 3- Treasuries yields increased on Friday after U.S. employers added 248,000 jobs to their payrolls in September, more than economists had expected. "The headline was stronger than expected," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • Alibaba files with SEC to offer 65.9 million shares Friday, 3 Oct 2014 | 10:37 AM ET

    Oct 3- Chinese e-commerce giant Alibaba Group Holding Limited will offer up to about 65.9 million shares worth about $5.06 billion under stock-based compensation plans, the company said in a regulatory filing on Friday.

  • Ex-Googler leads Softbank invasion of Hollywood Friday, 3 Oct 2014 | 10:33 AM ET
    Nikesh Arora

    Softbank's investment in a Hollywood movie studio represents the coming out party for two new players in the US entertainment industry.

  • NEW YORK, Oct 3- A federal appeals court on Friday signaled that former Jefferies Group Inc managing director Jesse Litvak has a good chance to overturn his conviction for defrauding investors in a government program established after the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals on Friday granted Litvak's bid to stay out of prison while he...