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  • Oct 12- Ninetowns Internet Technology Group Co Ltd:. *Announces receipt of "going private" proposal. *Says offer at a price per share in the range of US $1.80 to US $2.00 in cash.

  • *JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.

  • *TD Securities cuts DragonWave Inc price target to $2 from $3; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • *British Gas says faces rising wholesale prices and upgrade costs. LONDON, Oct 12- Centrica PLC, the owner of Britain's biggest energy supplier, is raising its domestic gas and electricity prices by 6 percent next month, saying it was necessary to cover rising wholesale prices and upgrade costs.

  • SAN FRANCISCO-- IBM Corp.' s third-quarter results are expected to extend the technology company's nearly decade-long streak of earnings growth. That provides IBM with some insulation from the economic uncertainty that has made it tougher for other technology companies to close deals, particularly in Europe and in China, in recent months.

  • MADRID-- Spain observed its National Day festivities in somber mood on Friday as the traditional military pageant was scaled back to cut costs. Spain is under pressure to fix its finances as it struggles through a recession.

  • October 12- Following are terms and conditions. of a bond priced on Friday.

  • Oct 12- Healthlease Properties Real Estate Investment Trust:. outperform rating; price target C $12. Reuters Station users, click. 1568.

  • PARIS, Oct 12- STMicroelectronics NV:. *Company spokeswoman declines to comment after report of possible company split. *Shares rose over 17 pct after report ().

  • LONDON, Oct 12- Brevan Howard, one of the world's top hedge fund firms which three years ago moved its main office to lower-tax Geneva, is back hunting for a new home in London amid signs some traders are missing the city's buzzing nightlife.

  • Oct 12- Fitch Ratings has assigned Ukrainian-based mining and metals company Fintest Trading Co Limited Long-term foreign and local currency Issuer Default Ratings of' B'. The ratings are not constrained by Ukraine's sovereign ceiling so an upgrade of the sovereign ceiling would not automatically lead to an upgrade of the company's IDR.

  • SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.

  • DENVER-- Forest Oil is selling all of its South Louisiana properties for about $220 million as part of its plan to shed some non-core assets. Forest Oil Corp. previously announced that it is selling its East Texas natural gas gathering assets for $34 million. The Eagle Ford shale formation stretches from the western Texas- Mexico border to Louisiana.

  • Oct 12- Heartland Express Inc:. *Jefferies cuts Heartland Express price target to $13 from $14;. Reuters Station users, click. 1568.

  • Oct 12- Fitch Ratings has published the latest edition of Infra-Read, the semi-annual newsletter of its Global Infrastructure and Project Finance Group. Infra-Read provides a topical perspective on the current infrastructure market, consolidates recently published views on key sector dynamics into one document and includes data on portfolio trends.

  • CAPE TOWN, Oct 12- South African truck drivers have signed a wage deal to end a three-week strike, the freight employers group said on Friday, putting an end to a walk-out that has hit deliveries of fuel, cash and consumer goods in Africa's top economy. The strike is off immediately, "Penwell Lunga, chairman of the Road Freight Employers Association told Reuters.

  • Flybe adds 7.5 percent as Europe's largest regional airline says it performed in line with revised guidance in the second quarter. Tethys Petroleum drops 16.4 percent as the explorer reveals preliminary data from its AKD07 appraisal well in Kazakhstan, which traders say looks slightly disappointing.

  • NEW YORK, Oct 12- Advanced Micro Devices Inc:.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • JOHANNESBURG, Oct 12- South Africa's currency is likely to bounce back from 3-1/ 2 year lows plumbed this week due to two months of labour unrest, central bank Deputy Governor Francois Groepe said.