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  • *Italy to complete budget plans on Wednesday. ROME/ BRUSSELS, Oct 13- Italian Prime Minister Matteo Renzi on Monday promised sweeping tax and spending cuts to help boost growth and jobs next year, as the European Commission considers whether to reject his budget plan for reducing debt too slowly. The premier announced the cuts as the European Union weighs whether...

  • EPS $1.30- $1.32 vs prior forecast $1.36- $1.38. *Shares of rivals AutoNation, Penske, others also fall. Shares of rivals AutoNation Inc fell 5 percent, also erasing its gains this year.

  • *Trade data eases worries over China slowdown. Stronger-than-expected data out of China gave the bulls some respite, but traders remained cautious after numbers out of China and Germany last week pointed to a global slowdown. "It seems like the market's sort of jogging," Stephen Carl, principal and head of U.S. equity trading at The Williams Capital Group in New...

  • *Gold set for fifth daily rise in six days. NEW YORK/ LONDON, Oct 13- Gold rose on Monday as the dollar fell on uncertainty about global economic growth, while the prospect of more economic stimulus from China also increased bullion's investment appeal. Gold was on track for its fifth rise in the past six sessions after the dollar index fell on growth concerns and...

  • *France under fire for deficit, Germany for budget rigour. "As the two largest economies in Europe, France and Germany have a particular responsibility and a critical role to play to ensure both a rapid recovery and a strong and sustainable growth going forward," Gabriel and Macron write. By asking the two experts to make reform recommendations for both countries,...

  • LUXEMBOURG, Oct 13- France faced renewed pressure from euro zone peers on Monday to tighten spending next year, amid a growing rift over its plans to flout European budget rules. Euro zone countries are required to abide by European Union rules that limit a country's budget deficit to no more than 3 percent of gross domestic product. France, which has already been...

  • J.C. Penney's shares were down 11.8 percent at $8.10 in afternoon trading on the New York Stock Exchange on Wednesday. At its analyst day in New York, J.C. Penney Chief Executive Myron Ullman outlined plans to generate incremental sales of $2 billion between 2015 and 2017, by revamping high traffic areas of its stores. J.C. Penney, which carries an exclusive...

  • KINSHASA, Oct 13- Democratic Republic of Congo's economy is set to grow by 10.4 percent next year, the government said on Monday, driven by an expansion of agriculture, mining and infrastructure spending in Africa's largest copper producer. The forecast, contained in the government's 2015 budget, was higher than the International Monetary Fund's 8.5 percent...

  • MUMBAI, Oct 13- Reliance Industries Ltd, a conglomerate that operates the world's biggest refinery, reported a rise in profits that beat forecasts, helped by stronger refining margins, and said it would invest up to $9 billion in the next two quarters. The company, controlled by India's richest man, Mukesh Ambani, has been expanding beyond its core refining and...

  • SAO PAULO, Oct 13- Under pressure in Brazil's closest election race in decades, President Dilma Rousseff is centering her campaign around a familiar bogeyman- an 83- year-old former president associated with a more turbulent, elitist era. In numerous TV ads and speeches, Rousseff has warned that a vote for her opponent in the Oct. 26 runoff vote, centrist Senator...

  • LONDON, Oct 13- Investors are rethinking their exposure to emerging markets, focusing on countries likely to weather lean times with manufacturing exports to the United States while avoiding those that have thrived on sending commodities to a now slowing China. After the financial crisis erupted in 2008, emerging markets drew in huge amounts of capital as...

  • ADVISORY-No U.S. Treasury report due to U.S. holiday Monday, 13 Oct 2014 | 12:14 PM ET

    Treasury market report will be produced on Monday due to the closure of the U.S. bond market for the U.S.

  • CHICAGO, Oct 13- Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd, but analysts said any such deal would face significant regulatory and other hurdles. According to the report in the Wall Street Journal late on Sunday, the No. 2 Canadian railroad made a bid last week for...

  • NEW YORK, Oct 13- Little-known medical equipment and biotech companies jumped on Wall Street on Monday, following news that a nurse had become the first person to contract the deadly Ebola virus in the United States. Shares of biotechnology company Ibio Inc, hazmat suits maker Lakeland Industries Inc, and face mask maker Alpha Pro Tech Ltd were all higher near...

  • *OPEC unlikely to cut output to support prices- Kuwait. But Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC's biggest producer told Reuters. OPEC is due to discuss output at its next meeting Nov. 27.

  • LONDON, Oct 13- The euro zone needs a "grand bargain" between Germany and France to allow substantial new fiscal and monetary stimulus to revive its economy, the head of Poland's central bank said on Monday. Marek Belka, previously the International Monetary Fund's European head, also said he was comfortable with market expectations of another 50 basis point cut...

  • PARIS, Oct 13- Areva, France's struggling reactor builder, is unlikely to win much in the way of big new nuclear export contracts despite a major government-backed effort to woo customers at a trade show this week. The Oct. 14-16 World Nuclear Exhibition, at the same venue as the Le Bourget airshow, is designed to boost Areva and France's associated nuclear industry,...

  • *Trade data ease worries over China slowdown. Stronger-than-expected data out of China gave the bulls some respite, but traders remained cautious after numbers out of China and Germany last week pointed to a global slowdown. "I think you are going to be surprised, earnings are going to be solid and the guidance forward is going to be OK, so I don't think this...

  • *NetScout shares up 3 pct; Danaher 1 pct. Danaher shareholders will get NetScout shares worth $2.6 billion, giving them majority stake in the company, while NetScout will have operational control. Danaher's technology will help jump start NetScout's cyber security efforts, NetScout CEO Anil Singhal said, noting that the deal comes after five years of talks with...

  • DUBAI, Oct 13- Most major stock markets in the Middle East rebounded on Monday, led by bourses in Dubai and Saudi Arabia, as global equities stabilised and several companies in the region reported strong quarterly earnings. The main indexes in Dubai and Saudi Arabia plunged 6.5 percent. But although Dubai tumbled as much as 2.7 percent early on Monday, it closed 1.9...