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Top News & Analysis United States

  • WASHINGTON, Oct 5- U.S. consumer credit rebounded strongly in August after posting its first decline in nearly a year in July, Federal Reserve data showed on Friday. U.S. consumer credit rose $18.12 billion, the biggest gain since May, following July's revised $2.45 billion decline.

  • *Goldman Sachs, Morgan Stanley, Deutsche Bank Securities are lead underwriters. Goldman Sachs& Co, Morgan Stanley and Deutsche Bank Securities are the lead underwriters to the offering, the company said in a filing with the U.S. Securities and Exchange Commission.

  • *GM to decide soon on Opel cost cuts, alliance with PSA. *Opel says aims to source more parts from PSA, not GM. GM fully stands behind Opel, "GM Vice Chairman Stephen Girsky said in a statement sent by email.

  • NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.

  • NEW YORK, Oct 5- Brent crude futures fell on Friday and posted a small loss for the week as a fragile global economy countered any support from a better-than-expected U.S. employment report, North Sea crude cargo delays and the threat of supply disruptions due to Middle East turmoil.

  • NEW YORK, Oct 5- U.S. The U.S. Labor Department said the unemployment rate fell to a four-year low of 7.8 percent in September, down from 8.1 percent in August, as 114,000 jobs were added. "The big shock was the drop in the rate, the consensus number was right in line," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • WASHINGTON-- Americans boosted their borrowing in August by the largest amount in three months with strong gains in the category that covers auto and student loans and in credit card debt. The August borrowing gains reflected a $4.2 billion increase in borrowing on credit cards and a $13.9 billion increase in auto and student loans.

  • SAN FRANCISCO, Oct 5- Consumer Reports, the influential reviewers' group that blasted the iPhone 4 for a faulty antenna, on Friday gave Apple Inc's latest smartphone a thumbs-up despite echoing widespread complaints about its patchy mapping service.

  • LITTLE ROCK, Ark.-- The Arkansas Department of Human Services says 25 hospitals have received $4.1 million in bonus payments for improving the quality of care that patients receive. Arkansas Medicaid handed out the awards to hospitals as part of its pay-for-performance Inpatient Quality Incentive program.

  • NEW YORK, Oct 5- The S&P 500 eased from 5- year highs hit after a strong U.S. jobs report and traded slightly lower on Friday as investors booked profits before the start of third-quarter earnings season next week. The Dow Jones industrial average gained 20.46 points, or 0.15 percent, to 13,595.82.

  • NORTH CHARLESTON, South Carolina, Oct 5- R epresentatives from Air India took delivery on Friday of the first Boeing Co 787 Dreamliner made in South Carolina and the first manufactured outside Boeing Commercial Airplane's headquarters in Washington state.

  • SAN FRANCISCO-- An unusual convergence of sporting and entertainment events in San Francisco this weekend promises to bring up to a million extra people into the densely populated bayside city.

  • TOPEKA, Kan.-- An attorney for a Kansas woman who challenged a limit on damages for pain and suffering in lawsuits says a state Supreme Court ruling against his client is unjust. Kansas law limits damages for non-economic losses such as pain and suffering to $250,000 in personal injury lawsuits.

  • *Barry Zubrow was on watch when derivatives risk grew. Oct 5- Barry Zubrow, who was head of risk management at JPMorgan Chase& Co when the bank was building a dangerously large position in credit derivatives, is retiring. Zubrow, 59, will leave the company at the end of the year, according to an internal memo from CEO Jamie Dimon, which the bank released on Friday.

  • DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.

  • NEW YORK-- Shares of business software maker Informatica Corp. made a small rebound Friday after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast. THE SPARK: On Thursday, Informatica forecast a smaller profit and less revenue than analysts had expected.

  • NEW YORK, Oct 5- U.S. crude futures fell 2 percent on Friday and posted a loss for the week as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report. November crude fell $1.83, or 2.0 percent, to settle at $89.88 a barrel, having traded from $89.01 to $91.71.

  • An estimated 577,100 Honda vehicles are being investigated by the National Highway Traffic Safety Administration's Office of Defects Investigation. "Honda will cooperate with NHTSA through the investigation process, and will initiate our own internal review of the available information," said a spokesman for American Honda Motor Co..

  • NEW YORK-- Shares of The Medicines Co. slumped Friday after the company said it was ending development of a drug designed to reduce bleeding during surgery because of safety concerns. THE SPARK: After the market closed on Thursday, Medicines Co. said it was ending development of MDCO-2010 because of "serious unexpected patient safety issues."