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Top News & Analysis United States

  • TOKYO, Oct 3- Japan Petroleum Exploration. The country's oil and gas needs have spiked after most of Japan's nuclear power stations were shut down due to the Fukushima nuclear disaster, forcing Tokyo to spend millions of dollars more on fuel for electricity generation.

  • Gloomy US Earnings Outlook

    Earnings estimates for the S&P 350 are at their lowest point in 2012. Christine Short, senior manager at S&P Capital IQ, discusses whether the gloomy outlook is justified.

  • HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.

  • MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.

  • HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.

  • *The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to buy MetroPCS Communications Inc as it fights to compete against two bigger rivals.

  • This will give Sanofi sole commercial control of the two treatments, although Bristol-Myers will keep rights to Plavix in the United States and Puerto Rico. In return, Sanofi will pay Bristol-Myers royalty payments through 2018 on its sales of branded and unbranded Plavix worldwide, excluding the U.S. and Puerto Rico, and on sales of Avapro/Avalide.

  • BANGKOK-- Asian stocks flattened out Wednesday as skittish investors waited for a key U.S. jobs report later in the week that will signal whether the world's largest economy is on the mend. The U.S. Labor Department will release employment data for September on Friday.

  • Monex Group Inc rose 2.4 percent to 12,790 yen after Deutsche Securities said it expected the holding company to break even in the three months ended September, after profit from mergers and acquisitions offsets the company's weak U.S. business.

  • SIOUX FALLS, S.D.-- Opponents of a proposed $10 billion oil refinery are asking the South Dakota Supreme Court to strike down a state permit that would allow the project to be built in the southeastern part of the state.

  • 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.

  • *Flaherty expresses frustration on Europe before G7 meeting. Europe is number one, it has to be number one, because it is the clear and present danger and it remains that, "he told reporters. "Things have not gotten better in Europe, because of the lack of action," he added.

  • KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.

  • SINGAPORE, Oct 3- Brent crude futures slipped towards $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while Europe's festering debt crisis added to uncertainty.

  • CHARLESTON, W.Va.-- State regulators in West Virginia have ordered Argus Energy to repair a water treatment system at a Lincoln County mine site after a blackwater spill killed fish. The Department of Environmental Protection said Wednesday that the fish kill was discovered Tuesday along about a quarter-mile of Copley Trace Branch.

  • "This matter requires more attention," Jeremy Waterman, head of the U.S. Chamber of Commerce's China division, told a U.S. government panel led by the U.S.

  • SAN FRANCISCO, Oct 3- Hewlett-Packard o ffered a 2013 earnings outlook on Thursday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.

  • BISMARCK, N.D.-- Taxable sales and purchases in North Dakota during April, May and June grew nearly 42 percent compared to the second quarter of last year, to more than $6.4 billion. Tax Commissioner Cory Fong says the economic growth is spread across nearly all major industry sectors.

  • The full-size Ram pickup truck, revamped for 2013, still has its Hemi V-8. But a new and impressively powered V-6, with best-in-class fuel economy plus towing might, is getting all the attention. The new, 3.6- liter, double overhead cam V-6 is naturally aspirated and mated to a first-ever-in-a-full-size-pickup-truck eight-speed automatic transmission.

  • *ADP payrolls report slightly stronger than forecast. NEW YORK, Oct 3- U.S. "There's rate-locking and traders are adding to steepening exposure," said Tom di Galoma, managing director at Navigate Advisors LLC in Stamford, Connecticut. "