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  • WRAPUP 1-France, Britain set stage for EU budget wrangling Wednesday, 31 Oct 2012 | 10:44 PM ET

    *France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Nov 1- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.

  • *BG blames Brazil tie-ins, Egypt, North Sea, U.S. for shortfall. *Agrees $1.93 deal with China's CNOOC. LONDON, Oct 31- British oil and gas firm BG Group told investors to expect no output growth in 2013 due to project delays and other factors, prompting a dive in its highly rated share price that wiped out as much as a fifth of its value.

  • PREVIEW-U.S. auto sales seen up 11 pct in October Wednesday, 31 Oct 2012 | 10:38 PM ET

    *Storm Sandy may cost industry 100,000 vehicle sales. DETROIT, Oct 31- U.S. auto sales are set to rise 11 percent in October, led by Toyota Motor Corp and Honda Motor Co which benefited from increased demand for compact cars as gasoline prices remained high across the country.

  • Oct 31- MetLife Inc, the largest U.S. life insurer, reported a third-quarter loss on a large goodwill impairment charge and derivative losses tied to its credit spreads and a change in interest rates. MetLife lost $984 million, or 92 cents per share, in the quarter, compared with a year-earlier profit of $3.43 billion, or $3.21 per share.

  • *AT&T, T-Mobile USA sign wireless roaming agreement. *Sprint, AT&T say making progress in network improvements. Sprint Nextel Inc, the No. 3 U.S. wireless provider, and AT&T, the No. 2 wireless service, said they were making progress in improving their wireless services.

  • NEW YORK, Oct 31- Corporate treasurers laid in extra cash reserves as the devastating storm Sandy approached the U.S. East Coast, to ensure they could meet payrolls, buy inventory and contend with other short-term needs after the storm hit.

  • *Euro zone ministers confer on how to keep Greece afloat. *Greece slashes forecast of 2013 primary budget surplus. BRUSSELS/ ATHENS, Oct 31- Greece revealed on Wednesday that it will overshoot its deficit and debt targets again next year because of a deeper than forecast recession as euro zone finance ministers debated how to keep the near-bankrupt state afloat.

  • *Ameridose says FDA asked it to improve sterility testing. *FDA concerned about availability of several drugs. The Westborough, Massachusetts- based company, which was closed on Oct. 10, said it had not received any reports of adverse reactions to the products it is recalling but that the FDA has asked it to improve its sterility testing processes.

  • Reuters World News Highlights 2200 GMT Oct 31 Wednesday, 31 Oct 2012 | 10:00 PM ET

    BRUSSELS/ ATHENS- Euro zone finance ministers made progress on Wednesday on ways to keep Greece afloat, Germany said, as talks between Athens and its foreign lenders near conclusion over reforms it must implement to receive fresh emergency loans.

  • *Third-quarter FFO 23 cents matches Wall St view. Improving retail sales and consumer confidence have been good news for mall owners, including Simon Property Group Inc and Macerich Co, which have seen stronger sales at their tenants' stores in the third quarter.

  • *Four other New York hospitals already evacuated. evacuated, New York Mayor Michael Bloomberg said on Wednesday. About 500 patients at the city hospital near the East River in Manhattan are affected.

  • Big US companies squirreled cash in face of storm Wednesday, 31 Oct 2012 | 9:48 PM ET

    NEW YORK, Oct 31- Corporate treasurers laid in extra cash reserves as the devastating storm Sandy approached the U.S. East Coast, to ensure they could meet payrolls, buy inventory and contend with other short-term needs after the storm hit.

  • Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.

  • *France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Oct 31- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.

  • UPDATE 3-Wall Street scrambles to raise cash after Sandy Wednesday, 31 Oct 2012 | 9:27 PM ET

    *U.S. money market rates elevated after storm. NEW YORK, Oct 31- Wall Street firms and U.S. banks scrambled to raise cash on Wednesday, as U.S. financial markets resumed normal trading after a devastating storm pummeled the U.S. East Coast and closed major markets for two days.

  • WASHINGTON, Oct 31- The U.S. The U.S. central bank has cut interest rates almost to zero and last month announced a third round of quantitative easing in which it would buy $40 billion a month in mortgages to further drive down borrowing costs and combat unemployment.

  • JERUSALEM/ WINNIPEG, Manitoba, Oct 31- Potash Corp, the world's No. 1 fertilizer producer, is ramping up efforts to buy Israel Chemicals Ltd so it can shore up its leverage with China and India, top consuming countries that are expected to drive much of the industry's growth.

  • *AT&T, T-Mobile USA sign wireless roaming agreement. *Sprint, AT&T say making progress in network improvements. Rivals AT&T Inc and T-Mobile USA said they agreed to open their networks to each other's customers in New York and New Jersey to help their coverage as a result of the storm.

  • UPDATE 6-PVH unites Calvin Klein lines in $2.8 bln deal Wednesday, 31 Oct 2012 | 9:13 PM ET

    *Warnaco shares rise nearly 39 percent. Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc, the latest move in the consolidation of the apparel manufacturing industry.

  • MEXICO CITY, Oct 31- The International Monetary fund should soon renew a flexible credit line for Mexico worth $72 billion to guard against financial turmoil, Mexican central bank governor Agustin Carstens said on Wednesday.