DEARBORN, Mich.— Ford says it will book a $600 million fourth-quarter expense mainly for signing bonuses paid to union workers under a new four-year contract. But the company says the deal with the United Auto Workers limits labor cost increases to 1.5 percent per year and is consistent with its full-year financial guidance. Workers will get $8,500 in signing...» Read More
The Nasdaq Composite Index added 8.92 points, or 0.28 percent, to 3,158.38. **PRIMERO MINING CORP, $7.70, up 42.75 pct. The ruling confirms that Primero can record silver revenue and taxes from its San Dimas gold mine in Durango state at the realized silver price rather than the spot price.
LONDON, Oct 5- Aurubis, Europe's biggest copper smelter, will offer 2013 copper cathode term premiums for its European customers at $86 a tonne, unchanged from levels set in June this year, a spokeswoman for the company said on Friday.
SAN FRANCISCO, Oct 5- California gas prices rose 17 cents a gallon overnight due to supply disruptions at some refineries and seasonally low inventories, bringing the one-week increase in the Golden State to nearly 36 cents. The average retail price of gasoline was $4.486 on Friday morning, up from $4.315 on Thursday and $4.131 a week ago, according to AAA data.
Oct 5- Inland Real Estate Corp:. *Investment corporation announces the retirement of brian m. conlon. *Conlon, CEO of Inland Real Estate investment corp, will retire from industry.
TALLAHASSEE, Fla.-- An appellate court is urging the Florida Legislature to reconsider a state law that makes injured employees pay employers' legal costs if they lose good faith workers compensation appeals. A three-judge panel of the 1st District Court of Appeal in Tallahassee made that recommendation Friday in upholding such an order.
OTTAWA, Oct 5- Canada's budget deficit for the 2011-12 fiscal year was a higher-than-forecast C $26.2 billion, in part because the European crisis cut revenues, government officials said on Friday.
CONCORD, N.H.-- The New Hampshire Department of Health says it's not aware of any illnesses in the state associated with the recall of ready-to-eat bags of select flavors of popcorn. Manufacturer Dale and Thomas Popcorn is voluntarily recalling select flavors of Popcorn, Indiana- brand products because of possible Listeria contamination.
WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.
NEW YORK, Oct 5- U.S. crude futures extended losses to more than $2 on Friday, as did Brent oil briefly, with a fragile global economy and Europe's debt crisis countering any support from a better-than-expected U.S. U.S. crude was down $2.42 at $89.29 a barrel by 11:45 a.m. EDT, having swung from $89.15 to $91.71.
*All-share index up 0.88 percent at 36,588.67. *Top-40 index down 1.11 percent at 32,361.91. JOHANNESBURG, Oct 5- South African stocks set a record high on Friday with mining shares among the top performers as investors chased bargains in the sector battered in recent days by a wave of wildcat strikes.
*GM says Opel not for sale despite Fiat's reported interest. *Opel executive says aims to source more parts from PSA, not GM. Earlier on Friday, Italian daily Il Sole-24 Ore said in an unsourced report that Fiat SpA Chief Executive Sergio Marchionne was ready to buy Opel if GM's alliance with Peugeot dissolves.
*Purchasing differentials for Ivory Coast cocoa beans firm. AMSTERDAM, Oct 5- Price ratios for cocoa butter were firm in Europe's cash cocoa market on strong demand for nearby contracts, traders said.
TORONTO, Oct 5- Canada's main stock index turned negative in choppy trade on Friday, easing from a two-week high as a rally in financials was offset by weakness in energy and materials shares. The Toronto Stock Exchange's S&P/TSX composite index. fell 1.58 points to 12,446.10, before modestly extending losses to 12,437.29.
Park Ridge, N.J.- based Hertz is in the process of acquiring Tulsa, Okla.- based Dollar Thrifty Automotive Group Inc. for $87.50 per share, or about $2.3 billion. The offer, which was previously set to expire on Friday, will now expire on Oct. 22, Hertz said. Hertz shares fell 2 cents to $14.54 in midday trading Friday.
In all, US $9.266 bn in US dollar volume priced from 18 issuers, with another roughly US $1 bn in volume anticipated for Friday. This week, Tenet Healthcare was able to achieve a record low yield- 6.75%- in seven-year maturities for its Triple C rated tranche, part of a US $800 m two-part offering, while Petco popped in on Thursday with a PIK toggle dividend offering.
DALLAS-- Southwest Airlines Co. was left at the gate when other airline stocks rose strongly on Friday morning after the company gave a weak report on September traffic and revenue trends. THE SPARK: Southwest, which also operates AirTran Airways, said September traffic dropped by 2.1 percent and a key revenue measure fell by 2 to 3 percent.
NAIROBI, Oct 5- Kenya's stock market edged higher for the third day in a row on Friday, boosted by a jump in shares of Equity Bank. Equity Bank, Kenya's biggest bank by customer numbers, rose 2.2 percent to 23.50 shillings per share, cheered by the appointment of a new chief operating officer and a group finance director on Thursday.
LONDON, Oct 5- Zetar PLC:. issued share capital of Zetar. *297 pence in cash for each Zetar share.
PARIS/ FRANKFURT, Oct 5- Talks over a European supermerger between EADS and BAE Systems reached a political crunch point on Friday as Britain, France and Germany attempted to narrow differences on a $45 billion proposal to create the world's largest aerospace and arms group. Time is running out before a UK deadline of Oct. 10 for a deal.
A group of entrepreneurs calling themselves "pigeons" _ French slang for someone who has been taken advantage of _ have mounted a campaign on Facebook and Twitter against a new law that will tax investments along the same lines as salaries _ on a sliding scale _meaning they would have to pay a lot more.