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Wires

  • BOSTON, Oct 2- The $50 billion Massachusetts state pension fund returned 1.27 percent in August, narrowly beating its benchmark on strong performance from global stock funds, according to a monthly report released on Tuesday. His base annual pay will be increased to $295,000 from $245,000.

  • October 02- Following are terms and conditions. of a bond priced on Tuesday.

  • Oct 2- NorthWest Healthcare Properties REIT:. *Dundee starts NorthWest Healthcare Properties REIT with a buy. rating; target price of C $14.

  • *Austria, Britain deals can come into force in January. ZURICH, Oct 2- Switzerland will not hold a November referendum on deals with Germany, Britain and Austria to tax secret bank accounts after opponents of the agreements failed to gather enough signatures to force a vote, the government said.

  • ST. PAUL, Minn.-- Minnesota farmers continue to make rapid progress on corn and soybean harvests, thanks to dry weather. According to the USDA's Minnesota crop-weather report, corn was 53 percent harvested as of Sunday. That's way ahead of last year's 5 percent, which is also the five-year average.

  • LONDON, Oct 2- European shares turned briefly negative and Bunds rose on Tuesday, tracking early U.S. moves in low volumes, traders said. At 1422 GMT, the FTSEurofirst 300 index of leading European shares was flat at 1,104.50 points, while German Bund futures rose 5 ticks to 141.45.

  • *Haywood cuts Mercator Minerals Ltd target price to C $1.75 from C $2;.

  • PARIS, Oct 2- French stock market regulator AMF said it did not believe luxury group LVMH had engaged in insider trading or share price manipulation when it bought its first 14 percent stake in rival Hermes in 2010..

  • MADRID, Oct 2- Ratings agency Moody's will announce the results of a review of Spain's sovereign debt rating, which currently stands just one notch away from losing investment grade, some time this month, a spokeswoman said on Tuesday. Moody's last cut Spain in June 2012 from A3 to Baa3 and was due to announce a review of the rating in September.

  • ===============================================================================KEY INTEREST RATES 2- WEEK REPO DISCOUNT LOMBARD rate 0.25 pct 0.10 pct 0.75 pct last changed Sept 27, 2012 Sept 27, 2012 Sept 27, 2012 former rate 0.50 pct 0.25 pct 1.50 pct.

  • COLUMBUS, Ohio-- As casinos begin to open around Ohio, Tom Leksan provides a cautionary tale.

  • By Deepa Seetharaman and Bernie Woodall. Oct 2- General Motors Co, the largest U.S. automaker, reported a 1.5 percent increase in September auto sales on the strength of its passenger car sales, while Ford Motor Co posted sales that were on par with its results from a year earlier.

  • Oct 2- Fitch Ratings has affirmed Navy Mutual Aid Association's Insurer Financial Strength rating at' A+'. The Rating Outlook is Stable. NMAA's IFS rating and Stable Outlook reflect the association's strong capital levels, high-quality and liquid investment portfolio, conservative financial profile, and moderate top-line growth.

  • Oct 2- The following are the U.S. auto sales results for September reported by top-selling automakers so far on Tuesday. Auto Sales For September 2012. SOURCE: Autodata Corp and Reuters calculations.

  • SALT LAKE CITY-- Utah regulators called Monday for stricter controls on industrial emissions to reduce sooty pollution that typically settles in the heavily populated Wasatch Front for weeks in bowl-shaped valleys that trap smog. Regulators opened a month-long public comment period Monday on three sets of comprehensive clean-air plans for northern Utah.

  • TRENTON, N.J.-- New Jersey would have to start paying unemployment to people who appeal denials but cannot get answers on them within eight weeks under a bill advanced Monday by a state Senate committee.

  • *New York sues JPMorgan over Bear Stearns mortgage products. *PetSmart to replace Sunoco in the S&P 500 index. If Madrid were to seek a rescue, it would trigger European Central Bank buying of its bonds and help to ease U.S. investors' nervousness about the euro zone's impact on the U.S. economy.

  • WASHINGTON-- The government is considering whether American International Group is large enough to threaten the broader financial system, a designation that would subject the bailed-out insurance giant to greater federal oversight.

  • PRINCE FREDERICK, Md.-- Both sides asked a judge Monday to rule in their favor without trial in a fight over a proposal to build a multi-billion-dollar terminal in southern Maryland to export liquefied natural gas.

  • JERUSALEM, Oct 2- Electric car venture Better Place said it had replaced chief executive officer Shai Agassi with the CEO of its Australia unit, five years after Agassi founded the company. Agassi set up Better Place with the aim of using new technology to make electric cars more affordable and more convenient than gasoline-powered cars.