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Top News & Analysis North America

  • DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.

  • WASHINGTON-- The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.

  • Oct 1- Lazard Ltd has named Edward Yorke as head of its North American financial sponsors group, where he will help advise private equity firms on transactions, the firm said in a press release on Monday. Yorke joins Lazard from Credit Suisse Group AG, where he was a managing director and vice chairman of investment banking for the Americas.

  • He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.

  • MOSCOW, Oct 1 (Reuters- Dutch bank ING is closing its equity markets desk covering Central and Eastern Europe and Russia, with the loss of around 100 jobs, it said on Monday. The job losses were spread across offices in London, Moscow, Prague and Budapest.

  • Oct 1- Standard& Poor's Ratings Services said today that it assigned its' BBB' rating to Orlando- based Darden Restaurants Inc.' s.

  • By Gernot Heller and James Regan. BERLIN/ PARIS, Oct 1- Airbus parent EADS and arms group BAE Systems must restructure a $45 billion merger, a top shareholder said, as a government source threatened that Britain would block talks to create the world's biggest defence company unless its demands were met.

  • COLUMBUS, Ga.-- Carmike Cinemas Inc. said Monday that it has bought 16 theaters for $19 million in cash, part of Carmike's push to expand through acquisitions. The theater chain bought the theaters, which have 251 screens, from Rave Reviews Cinemas LLC, which is owned by investment firm BV Investment Partners.

  • The Institute for Supply Management, a trade group of purchasing managers, said Monday its index of factory activity was buoyed by a jump in new orders. A separate report from the Commerce Department says U.S. builders trimmed their activity for a second straight month in August. Benchmark crude rose 43 cents to $92.62 around 10:30 a.m. in New York.

  • Oct 1- Sunshine Heart Inc said its flagship device to treat heart failure was approved for trials in the United States, sending its shares up as much as 15 percent. Sunshine Heart plans to start a pivotal trial in North America in the fourth quarter of 2012.. Sunshine Heart shares were up 7 percent at $8.94 on the Nasdaq on Monday.

  • NEW YORK-- Red Lobster isn't just for the seafood lover in you. Red Lobster also is increasing the number of dishes that cost less than $15 to attract customers who have cut back on spending. The chain, which is owned by Darden Restaurants Inc., says a quarter of the items on its menu will be non-seafood dishes, up from 8 percent.

  • WASHINGTON-- The Supreme Court on Monday declined to hear an appeal from a national anti-gay marriage group that tried to thwart Maine's campaign disclosure law requiring it to release its donor list.

  • RICHMOND, Va.-- Tredegar, which makes plastic films and aluminum extrusions, said Monday it bought aluminum extrusion maker AACOA Inc. for about $50.8 million. Tredegar said that the acquisition will add fabrication capabilities to the products and services of its subsidiary, The William L. Bonnell Co..

  • *Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.

  • The airplane taking the Baltimore Orioles to St. Petersburg, Fla. on Sunday night had its flight diverted to Jacksonville because of smoke in the forward galley. The Orioles resumed their trip on the same aircraft, leaving Jacksonville International Airport at 10:15 p.m..

  • NEW YORK-- The NHL and the players' association met for a third straight day Sunday, and again avoided the troublesome money issues that are fueling the ongoing lockout. "We did not discuss core economic issues, as was the plan," NHLPA special counsel Steve Fehr said after meeting for five hours with the NHL. "

  • NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September for the first time since May as new orders and employment picked up, an industry report showed on Monday. The Institute for Supply Management said its index of national factory activity rose to 51.5 from 49.6 in August, topping expectations in a Reuters poll for 49.7.

  • WAUKESHA, Wis.-- Generac Holdings Inc. offered higher-than-expected earnings and revenue guidance for the third quarter on Monday saying demand was strong for its home stand-by and portable generators due to recent, major power outages.

  • NEW YORK, Oct 1- Spanish banks' upcoming recapitalization is credit-positive but it may be insufficient, Moody's Investors Service said on Monday.

  • *Tredegar stock rises more than 3 percent. Oct 1- Tredegar Corp said on Monday that its subsidiary Bonnell Aluminum has acquired 100- percent ownership of AACOA Inc, a U.S. manufacturer of extruded aluminum for machinery and equipment.