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  • UPDATE 2-Ralph Lauren profit beats as sales hold up Friday, 2 Nov 2012 | 3:55 PM ET

    Nov 2- Clothing company Ralph Lauren Corp reported higher-than-expected quarterly earnings on Friday as revenue held up despite growing anxiety about luxury sales. Without the impact of store closings in China and the discontinuation of Ralph Lauren's low-priced American Living brand, revenue would have risen 3 percent, the company said.

  • WASHINGTON, Nov 2- Orthofix International NV has agreed to pay $30 million to settle allegations that it paid illegal kickbacks to physicians, the U.S. Justice Department said on Friday.

  • WASHINGTON, Nov 2- An encouraging October jobs report may give President Barack Obama an 11th- hour campaign boost, but perhaps more importantly it denies Republican challenger Mitt Romney an opportunity to put an exclamation point on his argument that Obama has failed to turn around the economy.

  • Nov 2- Hyundai Motor Co and its affiliate Kia Motors Corp overstated the gasoline mileage for more than 1 million 2011-2013 model year cars in the United States and Canada, and will offer debit cards to customers to make up the difference.

  • *Global drugmakers worried by India's tough stance. MUMBAI/ LONDON, Nov 2- India dealt a fresh blow to the international pharmaceutical industry on Friday as its patents appeal board revoked a patent granted six years ago on Roche's hepatitis C drug Pegasys.

  • OTTAWA, Nov 2- Canadian job growth stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth. The underlying details are still fairly positive,'' said David Tulk, chief Canada macro strategist at TD Securities.

  • *Starbucks raises outlook, U.S. sales beat expectation. NEW YORK, Nov 2- U.S. stocks edged lower on Friday, erasing earlier gains spurred by a stronger-than-expected payroll report, as they were pressured by weakness in energy and materials shares.

  • PARIS, Nov 2- Telecom equipment maker Alcatel-Lucent may sell assets to strengthen its balance sheet after posting a second straight quarterly loss as its customers around the world cut spending on mobile and fixed networks.

  • Nov 2- Hess Corp's quarterly profit nearly doubled as production from the Bakken oil field rose and the company resumed operations in Libya. And despite Hurricane Sandy, Hess said it had opened 177 of its 186 gas stations in New York City, Long Island and New Jersey, after the company arranged for 85 electrical generators before the storm arrived.

  • Nov 2- Canadian construction and engineering company SNC Lavalin Group Inc, under investigations for alleged bribery, reported on Friday a narrower-than-expected 8 percent decline in third-quarter profit, and its shares rose more than 4 percent.

  • LONDON, Nov 2- Robusta coffee futures on Liffe eased on Friday but prices held above a six-month low set earlier this week as the focus remained on Vietnam's crop which is expected to be large but slightly below last season. January robusta coffee futures fell $5 or 0.3 percent to $1,979 a tonne at 1510 GMT.

  • *Soy, corn lower after INTL FCStone ups US crop estimates. At the CBOT as of 9:45 a.m. CDT, December corn was down 11-1/ 4 cents, or 1.5 percent, at $7.39- 3/ 4 per bushel, dropping below its 100- day moving average at $7.45- 1/ 2. The contract has not settled below the average since June.

  • LONDON, Nov 2- Overseas investors, many of whom are creditors to the highly-indebted U.S. government, reckon a re-election of President Barack Obama would be best for world markets even if U.S. counterparts say otherwise.

  • *North Sea supply expected to return, Angolan force majeure. LONDON, Nov 2- Brent oil headed for its lowest close in three months on Friday, down for a fifth day, as firm U.S. jobs data helped push the dollar higher but failed to ease fears about the outlook for global demand.

  • WASHINGTON, Nov 2- The U.S. Department of Homeland Security on Friday issued a temporary, blanket waiver of the Jones Act to allow foreign-flagged oil tankers from the Gulf of Mexico to help supply the Northeast with fuel, after Hurricane Sandy shut two refineries in the region.

  • It has restored power to Phillips 66' s 238,000 barrel per day Bayway refinery in New Jersey and a Buckeye Partners LP pipeline, it said during a conference call.

  • UPDATE 3-Apple rolls out iPad mini to shorter lines Friday, 2 Nov 2012 | 2:51 PM ET

    SYDNEY/ NEW YORK, Nov 2- The launch of Apple Inc's iPad mini attracted smaller crowds from Sydney to New York on Friday than have been typical for previous Apple product debuts, events marked by people lining up for hours or even days.

  • BUSINESS-NEWS-SCHEDULE AT 1430 GMT / 10.30 AM ET Friday, 2 Nov 2012 | 2:49 PM ET

    WASHINGTON- U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lacklustre economy that has been a drag on President Barack Obama's re-election chances. ( USA- ECONOMY/JOBS, moving shortly, by Jason Lange, 830 words).

  • PARIS, Nov 2- Alcatel-Lucent is considering selling its submarine cable business and a unit that supplies telephone systems to big companies as part of its effort to shore up its balance sheet, according to sources familiar with the matter.

  • OTTAWA, Nov 2- Canada's job market stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth. The underlying details are still fairly positive,'' said David Tulk, chief Canada macro strategist at TD Securities.