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  • Oct 2- Oil and natural gas company Diamondback Energy Inc said it expected to sell 12.5 million shares for between $17 and $19 per share in its initial public offering. Diamondback, backed by Gulfport Energy Corp and DB Energy Holdings LLC, in February filed for an IPO of up to $50 million.

  • MOSCOW, Oct 2- Russia's economy should sustain its current 4 percent growth rate over the next three years, President Vladimir Putin said on Tuesday, playing up its relatively strong performance as the global economy slows.

  • U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up between 0.2 and 0.3 percent. CNBC Mad Money host Jim Cramer said the Internet company has "real value because it has some really terrific assets", and new Chief Executive Marissa Mayer is committed to unlocking its value.

  • U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up between 0.2 and 0.3 percent. CNBC Mad Money host Jim Cramer said the Internet company has "real value because it has some really terrific assets", and new Chief Executive Marissa Mayer is committed to unlocking its value.

  • NEW DELHI, Oct 2- India's Kingfisher Airlines Ltd, controlled by liquor baron Vijay Mallya, cancelled all flights through Thursday because of labour unrest and was ordered by the aviation regulator to submit a revival plan before it can fly again.

  • SINGAPORE, Oct 2- Asia's fuel oil market continued to weaken on Tuesday, with the prompt inter-month spread easing to a six-week low on lacklustre demand at a time when more supply is emerging. The balance October/November inter-month spread eased 50 cents to a backwardation of $2.38 a tonne, lowest since Aug. 21, according to Reuters data.

  • SINGAPORE, Oct 2- The Asian naphtha price extended losses on Tuesday to reach a three-session low of $966 while margins snapped four sessions of gains and fell to $124.95 a tonne as squeezed petrochemical margins overshadowed the firm gasoline prices in the West.

  • *Morocco delays target to 2020. RABAT, Oct 2- Morocco is to delay a plan to cap sugar import needs at 45 percent its annual demand by end-2013 after bad weather hit farming this year and as an investment vehicle controlled by the ruling monarchy seeks to divest the sugar industry's monopoly.

  • The investigation initiated by the U.S. Attorney's Office for St. Louis in 2005 covered the company's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.

  • Another top executive at the JPMorgan unit that lost $5.8 billion on derivatives trades this year is leaving the company. The real estate investment manager named Jeroen Verheijden as a senior vice-president to spearhead the company's client business in the UK, the euro zone and the Middle East.

  • Oct 2- Eli Lilly and Co and German drugmaker Boehringer Ingelheim Pharmaceuticals Inc said data from two trials of their experimental diabetes treatment showed the drug reduced blood pressure in patients. Diabetes patients are prone to high blood pressure, which can raise the risk of other health complications.

  • LONDON-- Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain. "The ISM rose above the critical 50 mark in a surprise move yesterday thus creating a jamboree of good sentiment," said Carolin Hecht, an analyst at Commerzbank.

  • BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.

  • MUMBAI, Oct 2- India's aviation regulator, after a meeting with the debt-laden Kingfisher Airlines on Tuesday, said the airline plans to use 600 million rupees in frozen bank accounts to pay salaries.

  • NEW DELHI, Oct 2- India's Kingfisher Airlines Ltd. Kingfisher is in talks with employees and will make a call on lifting the partial lockout on Thursday, Chief Executive Sanjay Aggarwal told reporters on Tuesday after a meeting with the country's aviation regulator.

  • NEW DELHI, Oct 2- India's Kingfisher Airlines. will take a call on lifting a partial lockout on Oct. 4, Chief Executive Sanjay Aggarwal said on Tuesday. The airline is engaging in talks with employees, Aggarwal told reporters after a meeting with the country's aviation regulator.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • MUMBAI, Oct 2- India's Hero MotoCorp. two-wheeled vehicle sales: Sept 2012 Sept 2011 Pct change TOTAL SALES 404,787 549,625 -26.4. Note: Hero MotoCorp is the world's largest manufacturer of two-wheeled vehicles.

  • MOSCOW- The VTB Capital " RUSSIA CALLING!" MOSCOW- Russia's Deputy Agriculture Minister Ilya Shestakov holds a briefing. MOSCOW- Russia's monthly oil output and export and gas output data.