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Top News & Analysis United States

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • NASHVILLE, Tenn.-- Three Tennessee employees have sued Wal-Mart claiming they lost pay and promotion opportunities because they are women. The Barrett Johnston law firm said the lawsuit, filed Tuesday in Nashville, is the third of its kind against Wal-Mart since 2011..

  • NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc. Ancestry is focusing its discussions on Permira after it asked the private equity firm and its competitors- Hellman& Friedman LLC and TPG Capital LP- to improve on their offers, the people said.

  • WASHINGTON, Oct 2- Google subsidiary Motorola Mobility has dropped a complaint of patent infringement against Apple without explanation. In a brief filing with the International Trade Commission made on Monday, Motorola Mobility said it was dropping without prejudice a complaint that Apple had infringed on seven Motorola patents.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • By Chris Reese and Ana Nicolaci da Costa ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15. NEW YORK/ LONDON, Oct 2- The U.S. Treasury sold $40 billion of four-week bills at a high rate of 0.1 percent, up from 0.055 percent in a similar sale last week and the highest since a four-week bill auction on Sept. 5.

  • *MSCI says switch covers $24 million of annual operating income. Oct 2- Vanguard Group, the largest U.S. mutual fund manager, said on Tuesday it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.

  • Oct 2- Standard& Poor's Ratings Services on Tuesday raised its rating on Little Rock, Arkansas's general airport revenue bonds to A from A-minus with a stable outlook. S&P cited the airport's consistently improved financial risk profile, despite "historically declining enplanement trends."

  • *Company was seeking offers over $35 per share* Ancestry shares trading below $30 By Greg Roumeliotis and Soyoung Kim. NEW YORK, Oct 2- Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc.

  • Oct. 2- Both the Canadian Credit Card Quality Index charge-off rate and the Canadian unemployment rate remained unchanged in August from July, at 3.8% and 7.3%, respectively, said an article published today by Standard& Poor's Ratings Services, titled "Canadian Credit Card Quality Index Report: Performance Remained Relatively Flat In August 2012."

  • WASHINGTON, Oct 2- Abbott Laboratories Inc. must pay $700 million in fines and other costs for illegal marketing of its drug Depakote, in line with a p reviously announced settlement, the U.S. Justice Department said on Tuesday.

  • 2. "NCIS," CBS, 20.48 million. 4. "NCIS: Los Angeles," CBS, 16.74 million. 5. "The Big Bang Theory," CBS, 15.66 million.

  • WASHINGTON-- A company owned by Chinese citizens has added President Barack Obama as a defendant in a lawsuit alleging the U.S. government exceeded its authority in blocking the firm's planned wind farm projects in Oregon near a Navy base.

  • Shares of Chipotle Mexican Grill Inc. plunged Tuesday after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs. THE SPARK: Einhorn, who runs Greenlight Capital, was speaking at the Value Investing Congress, an investor conference, in New York Tuesday.

  • BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.

  • Vice President Joe Biden told a campaign rally on Tuesday that the middle class has been buried for the past four years, just longer than President Barack Obama's time in the White House.

  • WASHINGTON, Oct 2- Firms responsible for the 2008 financial crisis will face more government lawsuits, federal and state officials said on Tuesday, a day after New York state sued JPMorgan Chase& Co for fraud over mortgage-backed securities packaged and sold by Bear Stearns.

  • LAS VEGAS, Oct 2- A Nevada judge on Tuesday ruled against dissident Wynn Resorts Ltd shareholder Kazuo Okada's motion for an injunction against a forced redemption of his 20 percent stake in the casino company. The ruling means Okada would not be able to vote at the company's upcoming annual meeting, where he wanted to nominate two board members.

  • Oct. 2- Standard& Poor's Ratings Services today assigned its' B-' issue rating to DAE Aviation Holdings Inc.' s proposed $520 million secured term loan due 2018. Standard& Poor's assigned a' 3' recovery rating to the loan, indicating that we expect lenders will receive a meaningful recovery in the event of payment default.

  • *Brazil's Somar: flowering bodes well for 2013 coffee crop. NEW YORK/ LONDON, Oct 2- Arabica coffee futures soared nearly 4 percent to a 10- week high on Tuesday, on heavy short-covering prompted by concerns of dry weather in top grower Brazil, while raw sugar extended the previous session's steep gains.