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  • NH cuts unemployment insurance tax for employers Wednesday, 3 Oct 2012 | 1:49 PM ET

    John Lynch has announced a cut in the unemployment insurance tax paid by 40,000 New Hampshire employers of. 5 percent. The reduction applies to taxable wages paid to employees during the fourth quarter of 2012, which started Monday. A second reduction is expected to go into effect Jan. 1.

  • TORONTO, Oct 3- The Canadian government and its airlines could make a range of policy changes to slow the tide of 5 million travelers a year that head to the United States for cheaper flights, a think tank report said on Wednesday. Federal Finance Minister Jim Flaherty said the loss of travelers to the United States was troubling.

  • Amarin shares fall following analyst downgrade Wednesday, 3 Oct 2012 | 1:45 PM ET

    NEW YORK-- Shares of Amarin Corp. PLC slipped Wednesday after a Wedbush analyst downgraded the stock, saying he thinks the chances of Amarin being acquired by a larger drugmaker are decreasing.

  • American Airlines loses ruling on union election Wednesday, 3 Oct 2012 | 1:43 PM ET

    DALLAS-- A federal appeals court has ruled against American Airlines, which tried to block a union election among nearly 10,000 employees. It argued that the union didn't gather enough signed cards from employees to qualify for an election under new rules approved by Congress. In February, Congress raised the standard to 50 percent.

  • TEXT-S&P revises Vantage Drilling outlook to stable Wednesday, 3 Oct 2012 | 1:43 PM ET

    --U.S.-based offshore drilling company Vantage Drilling Co.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services revised its outlook on Houston- based offshore drilling company Vantage Drilling Co. to stable from positive.

  • Barber becomes sole CEO of MGM movie studio Wednesday, 3 Oct 2012 | 1:39 PM ET

    LOS ANGELES-- Metro-Goldwyn-Mayer Inc., the movie studio that is co-financing the upcoming James Bond film, "Skyfall," said Wednesday that Gary Barber will be the sole chairman and CEO of the studio, as Roger Birnbaum moves to the role of producer after sharing the MGM leadership role for almost two years.

  • 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.

  • Phillips 66 boosts dividend 25 pct to 25 cents Wednesday, 3 Oct 2012 | 1:37 PM ET

    HOUSTON-- Phillips 66, a refining and pipeline company that split from ConocoPhillips in May, is raising its quarterly dividend by 25 percent to 25 cents. The Houston company's previous payout was 20 cents. Shares fell $1.02, or 2.2 percent, to $45.40 in afternoon trading.

  • Oct 3- Alere Inc said it reached an agreement with U.S. health regulators on product specifications related to the manufacture of its diagnostic test for critical disease.

  • Utility workers to vote on unpopular CL&P contract Wednesday, 3 Oct 2012 | 1:35 PM ET

    Union negotiators say workers and Connecticut Light& Power are still far apart on staffing and overtime issues and rejection of the proposed four-year agreement will automatically authorize a strike, though a work stoppage is by no means certain.

  • NEW YORK, Oct 3- U.S. natural gas futures lost ground on Wednesday after six straight days of gains, pressured by profit-taking ahead of Thursday's weekly inventory report despite cooler weather forecasts for next week that should stir more heating demand.

  • HanesBrands reaffirms its 2012 guidance Wednesday, 3 Oct 2012 | 1:31 PM ET

    WINSTON-SALEM, N.C.-- HanesBrands Inc. reaffirmed its 2012 financial guidance Wednesday, and its shares rose in trading. HanesBrands, based in Winston-Salem, N.C., sells underwear, socks, T-shirts and other products under brands such as Hanes, Champion and Playtex. Shares of HanesBrands increased 77 cents, roughly 2 percent, to $32.80 by early afternoon.

  • Unemployment falls in nearly 90 pct. of US cities Wednesday, 3 Oct 2012 | 1:29 PM ET

    WASHINGTON-- Unemployment rates fell in August in nearly 90 percent of large U.S. metro areas, mainly because more people gave up looking for work. The Labor Department said Wednesday that unemployment rates dropped in 329 large cities, the most in four months.

  • NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.

  • UPDATE 1-Hess' Port Reading propane truck leak stopped Wednesday, 3 Oct 2012 | 1:22 PM ET

    NEW YORK, Oct 3- The leak in a truck loading propane at Hess Corp's 70,000 barrel per day refinery in Port Reading, New Jersey, has been stopped, and emergency responders are demobilizing, a company spokesman said on Wednesday. The leak developed at about 10:45 a.m. on Wednesday. Emergency responders worked to safely disperse the vapors.

  • Gulf of Mexico output to rise 43 pct by 2019-WoodMac Wednesday, 3 Oct 2012 | 1:20 PM ET

    HOUSTON, Oct 3- An exploration and production resurgence in the Gulf of Mexico two years after a six-month drilling shutdown because of the BP Plc oil spill is expected to increase output nearly 43 percent by 2019, energy consultancy Wood Mackenzie said on Wednesday.

  • 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.

  • U.S. stocks rose on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $40.65, up 171 pct. **HEWLETT-PACKARD CO, $15.67, down 8.4 pct.

  • Dollar strengthens on positive US economic data Wednesday, 3 Oct 2012 | 1:08 PM ET

    The Institute for Supply Management said its index of service companies rose to 55.1 in September, the highest level since March. The euro fell to $1.2899 in late trading Wednesday from $1.2917 late Tuesday. The dollar rose to 78.52 Japanese yen from 78.13 yen, to 0.9390 Swiss franc from 0.9364 Swiss franc and to 98.82 Canadian cents from 98.42 Canadian cents.

  • UPDATE 1-3M follows other big companies - reorganizes Wednesday, 3 Oct 2012 | 1:08 PM ET

    Oct 3- 3 M Co said Wednesday it had restructured into five major business groups, down from six, and set up new roles for some of its senior executives.