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Top News & Analysis United States

  • By early afternoon in Europe, benchmark oil for November delivery was down 70 cents to $91.01 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, tensions between Syria and Turkey gave oil prices their biggest jump in two months. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, in New York.

  • ZURICH, Oct 5- The following are some of the main factors expected to affect Swiss stocks on Friday:. *Credit Suisse will lay off another 78 employees in the New York region by year-end, its fourth round of cuts for the area this year, a regulatory filing showed.

  • WASHINGTON, Oct 5- Fears of government austerity likely kept U.S. job gains modest and the unemployment rate elevated in September, an outcome that could weigh on President Barack Obama's re-election bid.

  • Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi said on Thursday.

  • *Kraft has spun off snacking business from grocery* Danone keeps Vitasnella brand for milk derivatives* Mondelez makes over a third of sales in Europe By Antonella Ciancio and Dominique Vidalon.

  • NEW YORK, Oct 5- HollyFrontier Corp said on Friday it had returned its 70,300- barrels-per-day Tulsa East refinery in Oklahoma to normal rates after the company completed repairs on a diesel hydrotreater damaged by an August fire. HollyFrontier had said on Aug. 8 that repairs would take six to eight weeks.

  • Oct 5- Standard& Poor's Ratings Services said today that its' B' issue-level and' 5' recovery rating on The Woodlands, Texas- based chemicals and plastics distributor Nexeo Solutions LLC's term loan remains unchanged following the company's proposal to increase the term loan to $525 million from $325 million.

  • TALLADEGA, Ala.-- Tony Stewart insisted he wasn't trying to poach a sponsor when he approached Bass Pro Shops about an opportunity to join his race team. The three-time NASCAR champion has a long relationship with Bass Pro founder Johnny Morris, and knew the contract with Earnhardt Ganassi Racing expired at the end of this season.

  • 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 as 114,000 jobs were added to nonfarm payrolls. "Treasuries sank after the jobs report," said Cary Leahey, economist and senior advisor to Decision Economics in New York. "

  • NEW YORK, Oct 5- As the calendar page flips to October, we are fully and unquestionably into autumn.

  • *Turkey- Syria conflict stokes supply fears. SINGAPORE, Oct 5- Brent futures slipped below $112 per barrel on Friday, but they are on course to end a choppy week nearly flat as rising tensions in the Middle East battle with perennial worries about the global economy and oil demand.

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell on Friday and headed for a weekly loss as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report.

  • CALIFORNIA CRUNCH: Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon. SUPPLIES DRY UP: In many areas, prices have jumped 40 cents in a week as refinery problems have created shortages and helped send wholesale prices soaring.

  • *Iran currency plummets, sanctions seen as partial cause. *Western envoys: Iran not serious about negotiations.

  • Oct 5- RBC Wealth Management, a division of the Royal Bank of Canada, said on Friday it hired a veteran adviser and manager from UBS Wealth Management Americas, the brokerage owned by the Swiss Bank UBS AG. Rabbe joined RBC as a branch director based in Burlington, Massachusetts, also overseeing the firm's satellite office in Andover.

  • LONDON, Oct 5- European equities powered higher on Friday, propelled by a strong U.S. jobs report which reassured investors about the health of the global economy and opened the door for a further short-term rise in miners and industrials. Equities can still rally in the short term,... maybe a couple of percent more, "said Peter Garnry, equity strategist at Saxo Bank.

  • Oct 5- American Airlines on Friday said it has repaired seat locks on 40 Boeing 757 jets after some seats came loose during flights earlier this week. In recent days, there were three separate incidents in which seats on American Airlines flights came unbolted from the floor, prompting an investigation by the FAA and jet inspections.

  • BOZEMAN, Mont.-- A Japanese pharmaceutical company is acquiring Bozeman- based LigoCyte Pharmaceuticals in a $60 million deal to expand its vaccine division, Takeda Pharmaceutical Co. announced.

  • SAN FRANCISCO, Oct 5- Joe Lockhart, Facebook Inc's head of global communications and a former press secretary for President Bill Clinton, is leaving the social networking company, Facebook said.

  • NASHVILLE, Tenn., Oct 5- Tennessee state health officials said on Friday the had confirmed four more cases of a rare form of meningitis linked to a steroid injection for back pain, bringing to 29 the number of cases in the state where the outbreak began. Five people have died since the outbreak of fungal meningitis, including three in Tennessee.