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  • EU group throws weight behind new sub debt asset-class Thursday, 4 Oct 2012 | 12:14 AM ET

    LONDON, Oct 4- An EU expert group on bank structural reform this week threw its weight behind the idea of introducing a separate layer of bail-inable bank debt as policymakers try to address the problem of "too big to fail".

  • UK watchdog grants Redrow bidder two extra weeks Thursday, 4 Oct 2012 | 12:10 AM ET

    LONDON, Oct 4- Britain's takeover regulator has given a consortium bidding for housebuilder Redrow an extra two weeks to decide whether to make a takeover offer for the company.

  • Gambling chiefs race for share of U.S. online gaming Wednesday, 3 Oct 2012 | 10:24 PM ET

    Our biggest challenge is converting the 25 to 35 year old to becoming participants in our industry, "said Brian Gamache, chief executive of slot machine maker WMS Industries Inc at the annual Global Gaming Expo in Las Vegas.

  • PRESS DIGEST - British business - Oct 4 Wednesday, 3 Oct 2012 | 8:28 PM ET

    Rail passengers face years of uncertainty over who will run some of Britain's busiest train routes after the Government admitted a huge blunder in awarding the franchise for the West Coast main line. FirstGroup is considering legal action against the Department for Transport after it pulled the controversial West Coast rail bid.

  • Russia's Lavrov skipped big powers' Iran meeting at UN Wednesday, 3 Oct 2012 | 7:17 PM ET

    *Russia may be irritated with calls for new sanctions-envoys* Israel has threatened military action against Iran By Louis Charbonneau.

  • Bank of England to leave stimulus unchanged for now Wednesday, 3 Oct 2012 | 7:05 PM ET

    LONDON, Oct 4- The Bank of England will shy away from increasing its economic stimulus programme of government bond purchases on Thursday as the economy is showing some signs of growing again.

  • Swedish c.bank website shut down in cyber attack Wednesday, 3 Oct 2012 | 5:54 PM ET

    STOCKHOLM, Oct 3- Hackers shut down the website of Sweden's central bank on Wednesday and targeted two other official sites after activist group Anonymous was reported to have threatened it would launch a cyber attack in support of Internet file sharers. Several websites in Sweden have come under attack this week and crashed.

  • Price of oil drops near $88 per barrel Wednesday, 3 Oct 2012 | 5:02 PM ET

    NEW YORK-- Oil prices fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. On the New York Mercantile Exchange:. Benchmark crude fell $3.75, or 4.1 percent, to finish at $88.14 per barrel.

  • Casino chiefs talk about industry vulnerability Wednesday, 3 Oct 2012 | 4:48 PM ET

    But the chief executives of Las Vegas- based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight.

  • The asset management and investment firm hired vetran brokers E.H. Stanley Jr. and Geddings H. Crawford Jr, who previously worked at Morgan Stanley Wealth Management, the brokerage majority-owned by Morgan Stanley. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.

  • UPDATE 3-Spain targets London investors for 'bad bank' Wednesday, 3 Oct 2012 | 2:40 PM ET

    *Economy Minister to meet potential investors in London. MADRID, Oct 3- Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a' bad bank' that will house billions of euros of the country's soured real estate assets.

  • TEXT-S&P affirms Garda World Security Corp Wednesday, 3 Oct 2012 | 2:35 PM ET

    is entering into a US $100 million revolving credit facility and a US $250 million term loan to refinance its existing credit facilities as part of its C $1.1 billion management buyout, backed by funds from London- based private equity investor Apax Partners LLP.

  • UPDATE 2-EU bank watchdog sticks to capital target Wednesday, 3 Oct 2012 | 2:22 PM ET

    By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.

  • *Illumina machine turns around diagnosis in two days in pilot study. Stephen Kingsmore, director of the Center for Pediatric Genomic Medicine at Children's Mercy medical center in Kansas City, Missouri, whose study was published in the journal Science Translational Medicine.

  • UPDATE 1-Halfords names former Pets at Home man CEO Wednesday, 3 Oct 2012 | 2:03 PM ET

    LONDON, Oct 3- Britain's Halfords Group picked former Pets at Home boss Matt Davies as its new chief executive, to drive a sales recovery at the car parts and cycles retailer.

  • Med Crude-Urals strengthens in Surgut tender Wednesday, 3 Oct 2012 | 1:59 PM ET

    Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.

  • Novelist Helprin spins a good yarn in life and art Wednesday, 3 Oct 2012 | 1:58 PM ET

    * "In Sunlight and In Shadow" focuses on old New York. NEW YORK, Oct 3- Listening to novelist and political commentator Mark Helprin recount his life is a bit like listening to Forrest Gump- an eloquent, New York- born Forrest Gump. It matches his previous novels in scope and length and carries on the author's fascination with old New York.

  • Transatlantic clean tanker rates stay soft Wednesday, 3 Oct 2012 | 1:38 PM ET

    LONDON, Oct 3- Clean tanker rates for refined petroleum products on top export routes were mostly weaker on Wednesday with the transatlantic market hit by growing availability of vessels.

  • BRIEF-Halfords names new CEO Wednesday, 3 Oct 2012 | 1:26 PM ET

    LONDON, Oct 3- Halfords Group PLC:.

  • UPDATE 8-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 1:19 PM ET

    *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and weak petroleum demand, even as supportive U.S. data strengthened the dollar.