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Top News & Analysis United States

  • TOKYO, Oct 13- British finance minister George Osborne on Saturday blamed an effective German veto for the failure of a $45 billion merger between British defence firm BAE.

  • TOKYO, Oct 13- Many Western economies are failing to face up to their responsibilities in the face of heavy economic headwinds, British finance minister George Osborne said on Saturday.

  • SAN JUAN, Puerto Rico-- The government of Puerto Rico has formally withdrawn plans to build a natural gas pipeline after investing more than $50 million in a project that provoked strong opposition from islanders and environmentalists.

  • ANCHORAGE, Alaska-- The Interior Department's deputy secretary said Thursday that there will be no slowdown of the permitting process for Arctic offshore drilling if President Obama is re-elected. Royal Dutch Shell PLC was allowed to begin exploratory drilling in the Beaufort and Chukchi seas off Alaska's north shores this summer, but U.S.

  • The opposition campaign is funded primarily by the Confederated Tribes of Grand Ronde, which runs Spirit Mountain Casino, the nearest casino to Portland. The new Oregon casino would be owned by PDX Entertainment company, a corporation with about 19 shareholders created in March and based in Lake Oswego.

  • LONDON, Oct 12- Bosideng International Holdings, China's largest maker and distributor of down clothing, is eyeing store openings in Milan and New York if its first overseas venture in London proves a hit with the British capital's shoppers.

  • The governor said earlier this year that the 2013 Legislature could take up gas tax legislation if TransCanada Corp. and the North Slope's major players _ Exxon Mobil Corp., BP and ConocoPhillips _ met a number of milestones in 2012. All of those benchmarks have been met, including cost estimates and a rough timeline for a potential project.

  • *Turkey- Syria tensions, lower N. Sea output support. Brent and U.S. crude remained on track to post weekly gains of around 2 percent, as the turmoil in the Middle East, especially in Syria, continues to intensify.

  • Oct 12- Lexicon Pharmaceuticals Inc said its experimental bowel disorder drug met the main goal of reducing bowel movements in patients with gastrointestinal cancer in a mid-stage study, sending its shares up as much as 13 percent on Friday. However, Morningstar analyst Karen Andersen said the drug could now be potentially used as a first-line therapy.

  • Such a move would force the new Astoria plant to boost its offer price for capacity, leading to major power price increases that would harm consumers, the New York Public Service Commission said in a release Thursday.

  • Diamondback Energy Inc.' s shares are rising its first day of trading as a public company. The Midland, Texas, company, which develops oil and natural gas reserves in Texas, raised $218.8 million in its initial public stock offering, selling 12.5 million shares for $17.50 each. It had projected a price of $17 to $19.

  • HAYWARD, Calif.-- Impax Laboratories Inc. said Friday that the Food and Drug Administration is extending a review of its Parkinson's disease drug Rytary by three months until Jan. 21. Impax developed Rytary through a partnership with British drugmaker GlaxoSmithKline PLC. Shares of Impax Laboratories rose 2 cents to $26.07 in midday trading Friday.

  • Oct 12- Nationwide Mutual Insurance Co said it will pay $26 million to settle a class action and derivative lawsuit related to its $760 million acquisition of Harleysville Mutual. The litigation brought on behalf of former Harleysville Mutual policyholders claimed that Harleysville's directors enriched themselves as part of the merger.

  • WASHINGTON-- Fierce and focused, Vice President Joe Biden and Republican Paul Ryan gave voters the kind of substantive showdown that was everything the presidential debate was not. "Not a single thing he said is accurate," Biden shot back when Ryan leveled a charge that President Barack Obama was projecting U.S. weakness.

  • SAN FRANCISCO, Oct 12- Micron Technology's chief executive said he expects to complete the acquisition of failed Japanese memory chipmaker Elpida Memory Inc in the first half of next year, despite opposition from a group of bondholders.

  • NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."

  • LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.

  • NEW YORK-- ABC's Martha Raddatz took a forceful approach to moderating Thursday's vice presidential debate, winning many positive reviews from instant pundits on social media but some complaints from Republicans.

  • NEW YORK-- If at first you don't succeed.... NBC's "The Celebrity Apprentice" is bringing back 13 players fired from past "Apprentice" contests, plus one notable winner, in the first-ever "All-Star Celebrity Apprentice."

  • BRUSSELS, Oct 12- China has expressed concerns about a potential EU investigation of telecom equipment makers Huawei and ZTE Corp over illegal subsidies, a European Commission official said on Friday.