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  • *Carlyle bought 55 percent stake in Vermillion* Paid with cash and shares in itself* Deal represents major expansion within alternative assets By Greg Roumeliotis and Josephine Mason.

  • Day: 'Twilight' fans migrating to erotic romance Wednesday, 3 Oct 2012 | 9:02 AM ET

    NEW YORK-- Best-selling novelist Sylvia Day says sales of her "Crossfire" series and other erotic romance novels are on the rise in part because of maturing fans of the "Twilight Saga" young adult romance books.

  • *Best Buy founder, private equity firms, examine books. Automatic Data Processing said 162,000 private jobs were created in September in the United States, more than the 143,000 expected by analysts, and down from a revised 189,000 in August.

  • Pearson chief executive to step down Wednesday, 3 Oct 2012 | 9:00 AM ET

    LONDON-- Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.

  • Labor standoffs silence orchestras in Minn., Ind. Wednesday, 3 Oct 2012 | 8:57 AM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.

  • SINGAPORE, Oct 3- Singapore will allow companies to issue different classes of shares to help its stock exchange to compete for new listings and the country to maintain its competitiveness as a financial centre.

  • Carlyle Group acquires 55 pct stake in Vermillion Wednesday, 3 Oct 2012 | 8:54 AM ET

    WASHINGTON-- The Carlyle Group said Wednesday that it has agreed to buy a 55 percent stake in Vermillion Asset Management. The units will be exchangeable one-for-one on a private placement basis for Carlyle Group common units, the company said. Carlyle Group shares closed at $25.64 per share on Tuesday.

  • Ahead of the Bell: Best Buy rises Wednesday, 3 Oct 2012 | 8:54 AM ET

    NEW YORK-- Best Buy Co.' s shares ticked higher in premarket trading after a report said its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.

  • Illegal immigrant in Fla. fights for law license Wednesday, 3 Oct 2012 | 8:53 AM ET

    TALLAHASSEE, Fla.-- A Florida man's bid to become the first illegal immigrant to obtain a law license in the United States met skepticism Tuesday from most of the state's Supreme Court justices. He graduated from New College in Florida, earned a law degree from Florida State University and passed the state bar exam last year.

  • TREASURIES-U.S. bonds erase most of a modest gain Wednesday, 3 Oct 2012 | 8:51 AM ET

    NEW YORK, Oct 3- U.S. Treasuries erased most of a small gain on Wednesday after the release of the ADP report showing stronger-than-expected hiring by U.S. companies.

  • BRIEF-Itron awarded natural gas metering contract Wednesday, 3 Oct 2012 | 8:49 AM ET

    *Awarded one of the nation's largest natural gas metering contracts. *Says southern California gas company will install nearly 1.5. *Says socalgas will install more than 600,000 gas regulators as a part of its.

  • RPT-GLOBAL ECONOMY-Europe's woes deepen and China slows Wednesday, 3 Oct 2012 | 8:48 AM ET

    *Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.

  • Obama in first visit to Hoover Dam: 'Spectacular' Wednesday, 3 Oct 2012 | 8:47 AM ET

    BOULDER CITY, Nev.-- Taking a break from debate prep, President Barack Obama made an unexpected stop Tuesday at the Hoover Dam, his first visit to a tourist spot considered one of the world's great engineering feats. The president has retreated to a desert resort in Nevada for three days of preparation for his debate Wednesday against Republican rival Mitt Romney.

  • UPDATE 1-RPM raises full-year outlook Wednesday, 3 Oct 2012 | 8:46 AM ET

    Oct 3- RPM International Inc's quarterly profit fell as the coatings and sealants maker incurred one-time charges but it raised its profit and sales growth forecast for 2013..

  • NEW YORK, Oct 3- U.S. companies added 162,000 jobs in September, more than economists expected but still pointing to slow improvement in the labor market, data from a payrolls processor showed on Wednesday. The report is jointly developed with Macroeconomic Advisers LLC.

  • Oct 2- Automakers reported a 13 percent U.S. sales increase in September from a year earlier with a seasonally adjusted annualized rate of sales reaching 14.94 million vehicles.

  • DAKAR, Oct 3- French airline Corsair International will start direct flights between Paris and Senegal's capital Dakar in December, ending Air France's.

  • STOCKS NEWS EUROPE-BTG jumps on upped revenue guidance Wednesday, 3 Oct 2012 | 8:35 AM ET

    Shares in BTG jump more than 9 percent to 367 pence, the top performer on the FTSE 350 after the British specialist pharmaceutical group raises its full-year revenue guidance on strong demand for its antivenom and cancer drugs.

  • BRIEF-MetroPCS shares erase early gains Wednesday, 3 Oct 2012 | 8:32 AM ET

    NEW YORK, Oct 3- MetroPCS Communications Inc:.

  • Survey: US businesses added 162K jobs in September Wednesday, 3 Oct 2012 | 8:31 AM ET

    WASHINGTON-- A private survey shows that U.S. businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring. Payroll processor ADP said Wednesday that companies added 162,000 jobs last month.