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Asia-Pacific News India

  • Oct 5- Do All Industries Ltd cut its offer price for Hyduke Energy Services Inc by 41 percent and took it directly to shareholders after talks with Hyduke management collapsed.

  • MOSCOW, Oct 5- British department store group Debenhams expects to generate a fifth of its overseas sales by 2015 in Russia, which is set to become Europe's biggest retail market. Debenhams, which has been increasing sales at home despite a recession there, returned to Russia in September, six years after pulling out of the country because it was losing money.

  • MUMBAI, Oct 5- A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches.

  • MUMBAI, Oct 5- A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches.

  • *Staff in Mumbai, Delhi hold protest marches over unpaid salaries. MUMBAI/ NEW DELHI, Oct 5- Debt-strapped Kingfisher Airlines, devoid of a turnaround plan to get back into the air, faced a possible shutdown by the government after extending the grounding of its fleet for another week.

  • *Chairman Harold Kahn among those who resigned. Oct 5- Wet Seal Inc replaced four board members with Clinton Group nominees, putting the activist investor in a stronger position to push for a sale of the struggling clothing retailer.

  • U.S. stocks rose at the open with the S&P 500 set to hit its highest since 2007, as the September payrolls report showed a surprise drop in the jobless rate and gave legs to this week's rally. The Nasdaq Composite Index increased 12.47 points, or 0.40 percent, to 3,161.93. **PRIMERO MINING CORP, $7.70, up 42.75 pct.

  • U.S. stocks rose at the open with the S&P 500 set to hit its highest since 2007, as the September payrolls report showed a surprise drop in the jobless rate and gave legs to this week's rally. The Nasdaq Composite Index increased 12.47 points, or 0.40 percent, to 3,161.93. **PRIMERO MINING CORP, $7.70, up 42.75 pct.

  • Oct 5- Shares of FleetMatics Group Plc rose as much as 36 percent on their debut, a day after the Irish fleet management software provider priced its initial public offering at the high end of its expected price range.

  • *ends partial lock-out until Oct 12; shut since Monday* Mumbai staff hold protest march over unpaid salaries* CAPA suggests voluntary shutdown to restructure.

  • NEW DELHI, Oct 5- India's aviation regulator on Friday issued a notice to Kingfisher Airlines Ltd, which has grounded its fleet since Monday, asking why its permit should not be canceled or suspended.

  • *Investors are hoping the government will continue its fiscal and economic reforms, with expectations for some minor market-friendly measures when Finance Minister P. Chidambaram meets market regulator SEBI and the Reserve Bank of India in Mumbai on Saturday.

  • U.S. stocks were poised to rise at the open, with the S&P 500 set to hit its highest since 2007, as a surprise drop in the jobless rate gives legs to this week's rally. S&P 500 futures rose 6.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

  • Oct 5- Clearwater Paper Corp, which makes paper napkins and packaging paper, said Chief Executive Gordon Jones will retire at the end of the year and Chief Operating Officer Linda Massman will take over. In May, hedge fund SAC Capital Advisors, which at the time held a 7 percent stake in the company, wrote to Jones that Clearwater Paper was "deeply undervalued".

  • The Reserve Bank of India said on Friday it accepted all 13 bids for 102.35 billion rupees at its three-day afternoon repo auction, through which it injects liquidity into the banking system. It also accepted all 16 bids for 202.30 billion rupees at its three-day reverse repo auction, through which it absorbs excess liquidity from the banking system.

  • **ZYNGA INC, Thursday close $2.81, down 22.4 pct premarket. Brokerages lowered their price targets on Zynga's stock by up to $3 per share after the social-games maker slashed its 2012 outlook for the second time due to a decline in paying customers. Facebook, which derives over a tenth of its revenue from fees paid by Zynga, was also set to open lower as was Groupon.

  • MUMBAI, Oct 5- Indian shares fell on Friday, snapping a four-day rise, as profit-taking hit recent out-performers such as ICICI Bank, while sentiment was also hit after dozens of erroneous orders by a financial firm triggered a brief halt in the NSE index. The National Stock Exchange index.

  • Oct 5- Clothing retailer Wet Seal Inc replaced four of its board members with Clinton Group nominees, ending months of attempts by the activist investor to take control of the board. Under the new team, Wet Seal has been trying to return to a fast-fashion model by maintaining light inventories to respond faster to new styles and trends.

  • MUMBAI, Oct 5- Indian banks' loans rose 16.4 percent in the two weeks to Sept. 21, compared with a 19.5 percent increase in the same period year ago, while deposits grew 13.7 percent versus 17.5 percent a year earlier, the Reserve Bank of India's weekly statistical supplement showed on Friday.

  • U.S. stock index futures pointed to a mixed open on Wall Street, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent. **ZYNGA INC, Thursday close $2.81, down 19.2 pct premarket.