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• Dow hits five-year high on jobs report
• Jobless rate tumbles to near four-year low
• Lehman brokerage, Europe unit settle $38 billion in claims
• EADS-BAE merger plan hits political crunch point
• Merkel to visit Greece as money running out
• Motorola wins German patent case against Microsoft
• Lufthansa wants more buying power with plane makers
• Opel "vital" for GM in Europe
• Analysis: Politics store risk for emerging market yield - seekers
• Trading errors rattle Indian stock market
• US unemployment falls to 7.8 pct., a 44-month low
• Stocks gain after US unemployment rate drops
• Avon Products chairman to step down
• Wet Seal chairman, 3 board members step down
• Zynga stock sinks after lowered 2012 outlook
• Mitsubishi Motors, Mazda report China sales plunge
• Calif. gas prices jump by up to 20 cents overnight
• Trade in top Greek banks halted after merger talk
• Oil falls as US job growth fails to impress
• Safety agency investigating Honda Pilot, Odyssey
• Canada budget deficit higher than forecast, Europe blamed
• Safety agency investigating Honda Pilot, Odyssey
• US unemployment falls to 7.8 pct., a 44-month low
• Opel "vital" for GM in Europe
• Stocks gain after US unemployment rate drops
• Dow hits five-year high on jobs report
• TSX turns negative as resources weigh
• EADS-BAE merger plan hits political crunch point
• Angry birds attack French tax on entrepreneurs
• Lufthansa wants more buying power with plane makers
• Dutch judge rules against Shell in Greenpeace suit
• Report EAD/BAE merger plan in trouble untrue: French source
• South Africa's Amplats fires 12,000 strikers as unrest deepens
• US jobs figures reassure markets about economy
• Avon Products chairman to step down
• EADS-BAE merger on brink of collapse: media report
• Canada's Do All Industries goes hostile with Hyduke Energy bid
• Trading errors rattle Indian stock market
• India may shut Kingfisher as fleet remains grounded
• GM to move fuel cell research from NY to Michigan

Dow hits five-year high on jobs report Posted: 05 Oct 2012 08:50 AM PDT NEW YORK (Reuters) - The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the labor market. The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high. The index has appreciated nearly 17 percent so far this year, and is on track for its best yearly gain since 2009, when stocks rebounded after the financial crisis. Labor Department data showed the jobless rate dropped by 0.3 percentage point in September to 7. ...

Jobless rate tumbles to near four-year low Posted: 05 Oct 2012 07:37 AM PDT WASHINGTON (Reuters) - The unemployment rate unexpectedly dropped to 7.8 percent in September, reaching its lowest level since President Barack Obama took office and providing a boost to his re-election bid. The Labor Department said on Friday that employers added 114,000 workers to their payrolls last month, a moderate number, but it said a combined 86,000 more jobs were created in the prior two months than it had previously thought. Other aspects of the report also were strong. In particular, a separate survey of households found a big surge in hiring. That pushed the jobless rate down by 0. ...

Lehman brokerage, Europe unit settle $38 billion in claims Posted: 05 Oct 2012 07:04 AM PDT (Reuters) - The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in asset claims, a major step toward customers and creditors recovering money. Lehman Brothers Inc and Lehman Brothers International Europe (LBIE), its largest single customer claimant, announced the agreement in principle in a joint statement on Friday. The accord requires approval by U.S. Bankruptcy Judge James Peck in Manhattan, which could come in the first quarter of 2013, as well as by the English High Court. On Thursday, the U.S. ...

EADS-BAE merger plan hits political crunch point Posted: 05 Oct 2012 08:48 AM PDT PARIS/FRANKFURT (Reuters) - 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. Europe's two largest aerospace groups headed into the weekend with the fate of their planned merger hinging on a high-level accord over state shareholdings in the group. Time is running out before a UK deadline of October 10 for a deal. ...

Merkel to visit Greece as money running out Posted: 05 Oct 2012 08:05 AM PDT BERLIN (Reuters) - German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a show of support for Athens after it said it will run out of money at the end of November without fresh international aid. Greek Prime Minister Antonis Samaras hailed the trip as a very positive development at a time when his country is locked in negotiations with euro zone and IMF creditors who are holding back some 31.5 billion euros ($41 billion) in urgently needed loans. "The key is liquidity. ...

Motorola wins German patent case against Microsoft Posted: 05 Oct 2012 03:41 AM PDT FRANKFURT (Reuters) - Mobile phone maker Motorola achieved a rare victory against software giant Microsoft in a patent case before a German court on Friday, the latest in a wave of patent lawsuits by technology firms fighting over market share. The regional court in Mannheim ruled that Motorola Mobility, part of Google, did not infringe a Microsoft patent which enables applications to work on different handsets. This allows application developers to avoid writing separate codes for each handset saving time and development costs. ...

Lufthansa wants more buying power with plane makers Posted: 05 Oct 2012 08:40 AM PDT FRANKFURT (Reuters) - Lufthansa is seeking to unify standards across its group of five airlines for the engines and cockpits of planes it would deploy in future as part of efforts to boost its purchasing power over aircraft makers. "It's like buying a car: there is a basic version and then you decide what extras you need," Martin Brodbeck, a pilot at Lufthansa unit SWISS airline, was quoted as saying by company newsletter Lufthansaseat on Friday. ...

Opel "vital" for GM in Europe Posted: 05 Oct 2012 08:52 AM PDT FRANKFURT (Reuters) - General Motors Co said on Friday its European brand Opel was "vital" for GM's future in Europe, dismissing once again speculation it might sell the company should an alliance with French carmaker PSA Peugeot Citroen collapse. GM has thrown its weight behind a restructuring of its loss-making German business, rather than opt for a sale or closure urged by some U.S. investors. The U.S. company is pinning its hopes instead on expanding an alliance with former rival Peugeot beyond logistics to include joint procurement and vehicle development. ...

Analysis: Politics store risk for emerging market yield - seekers Posted: 05 Oct 2012 06:57 AM PDT LONDON (Reuters) - Investors rushing headlong to emerging markets in search of yield could find future returns under threat as economic downturns and income inequalities spur a rise in political risks. Emerging markets have been the global success story of the past decade, with booming growth and huge investments eroding old memories of the coups, debt defaults and hyperinflation associated with these countries throughout the 20th century. ...

Trading errors rattle Indian stock market Posted: 05 Oct 2012 07:58 AM PDT MUMBAI (Reuters) - A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches. Trading on the National Stock Exchange (NSE) was briefly halted after the 59 trades worth more than $125 million were placed, triggering a sudden drop of more than 900 points on the Nifty index, the exchange said. It said the orders, for an institutional client, were sent from a single dealer terminal at Emkay Global Financial Services . ...

US unemployment falls to 7.8 pct., a 44-month low Posted: 05 Oct 2012 08:54 AM PDT 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.

Stocks gain after US unemployment rate drops Posted: 05 Oct 2012 08:51 AM PDT Stocks are rising on Wall Street after a government report showed that more Americans are going back to work.

Avon Products chairman to step down Posted: 05 Oct 2012 08:17 AM PDT Beauty products seller Avon Products said Friday that its chairman and former CEO Andrea Jung will step down at the end of the year, ending her 18-year tenure at the company.

Wet Seal chairman, 3 board members step down Posted: 05 Oct 2012 05:55 AM PDT The chairman of Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the activist investor group unhappy with the struggling teen retailer's performance.

Zynga stock sinks after lowered 2012 outlook Posted: 05 Oct 2012 08:51 AM PDT Troubled Zynga's stock is trading near its lowest level ever Friday after the online game maker behind "FarmVille" forecast a third quarter loss amid weak demand. It's also taking a hefty charge related to its March acquisition of mobile game company OMGPop.

Mitsubishi Motors, Mazda report China sales plunge Posted: 05 Oct 2012 04:46 AM PDT Mitsubishi Motor and Mazda have reported a plunge in China auto sales for September when tensions between Japan and China escalated into anti-Japanese riots.

Calif. gas prices jump by up to 20 cents overnight Posted: 05 Oct 2012 07:18 AM PDT Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices.

Trade in top Greek banks halted after merger talk Posted: 05 Oct 2012 06:54 AM PDT Greek stock market authorities have temporarily suspended trading in the country's two biggest banks following press reports that they are in merger talks.

Oil falls as US job growth fails to impress Posted: 05 Oct 2012 07:30 AM PDT The price of oil fell Friday as traders fretted over job growth in the U.S. despite an unexpected drop in the unemployment rate.

Safety agency investigating Honda Pilot, Odyssey Posted: 05 Oct 2012 08:55 AM PDT U.S. safety regulators are investigating complaints that Honda Odyssey Minivans and Pilot SUVs can roll away after drivers remove the ignition key.

Canada budget deficit higher than forecast, Europe blamed Posted: 05 Oct 2012 08:56 AM PDT OTTAWA (Reuters) - Canada's budget deficit for the 2011-12 fiscal year was a higher-than-forecast C$26.2 billion ($26.7 billion), in part because the European crisis cut revenues, government officials said on Friday. Initial figures released in May put the deficit at C$23.5 billion. The government's forecast deficit for the year was C$24.9 billion. Canadian Finance Minister Jim Flaherty said in a statement that despite risks to the government's fiscal outlook, Ottawa is committed to balancing the budget over the medium term. ...

Safety agency investigating Honda Pilot, Odyssey Posted: 05 Oct 2012 08:55 AM PDT U.S. safety regulators are investigating complaints that Honda Odyssey Minivans and Pilot SUVs can roll away after drivers remove the ignition key.

US unemployment falls to 7.8 pct., a 44-month low Posted: 05 Oct 2012 08:54 AM PDT 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.

Opel "vital" for GM in Europe Posted: 05 Oct 2012 08:52 AM PDT FRANKFURT (Reuters) - General Motors Co said on Friday its European brand Opel was "vital" for GM's future in Europe, dismissing once again speculation it might sell the company should an alliance with French carmaker PSA Peugeot Citroen collapse. GM has thrown its weight behind a restructuring of its loss-making German business, rather than opt for a sale or closure urged by some U.S. investors. The U.S. company is pinning its hopes instead on expanding an alliance with former rival Peugeot beyond logistics to include joint procurement and vehicle development. ...

Stocks gain after US unemployment rate drops Posted: 05 Oct 2012 08:51 AM PDT Stocks are rising on Wall Street after a government report showed that more Americans are going back to work.

Dow hits five-year high on jobs report Posted: 05 Oct 2012 08:50 AM PDT NEW YORK (Reuters) - The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the labor market. The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high. The index has appreciated nearly 17 percent so far this year, and is on track for its best yearly gain since 2009, when stocks rebounded after the financial crisis. Labor Department data showed the jobless rate dropped by 0.3 percentage point in September to 7. ...

TSX turns negative as resources weigh Posted: 05 Oct 2012 08:50 AM PDT TORONTO (Reuters) - 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. (Reporting by Claire Sibonney; Editing by Leslie Adler)

EADS-BAE merger plan hits political crunch point Posted: 05 Oct 2012 08:48 AM PDT PARIS/FRANKFURT (Reuters) - 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. Europe's two largest aerospace groups headed into the weekend with the fate of their planned merger hinging on a high-level accord over state shareholdings in the group. Time is running out before a UK deadline of October 10 for a deal. ...

Angry birds attack French tax on entrepreneurs Posted: 05 Oct 2012 08:47 AM PDT France's government is under attack by a flock of furious "pigeons." And the angry birds have won the first battle.

Lufthansa wants more buying power with plane makers Posted: 05 Oct 2012 08:40 AM PDT FRANKFURT (Reuters) - Lufthansa is seeking to unify standards across its group of five airlines for the engines and cockpits of planes it would deploy in future as part of efforts to boost its purchasing power over aircraft makers. "It's like buying a car: there is a basic version and then you decide what extras you need," Martin Brodbeck, a pilot at Lufthansa unit SWISS airline, was quoted as saying by company newsletter Lufthansaseat on Friday. ...

Dutch judge rules against Shell in Greenpeace suit Posted: 05 Oct 2012 08:30 AM PDT A Dutch court has rejected a lawsuit filed by Royal Dutch Shell PLC against Greenpeace International seeking to ban environmentalists from holding protests against the oil company's Arctic drilling program on or near Shell property.

Report EAD/BAE merger plan in trouble untrue: French source Posted: 05 Oct 2012 08:28 AM PDT PARIS (Reuters) - A media report that a planned merger between European aerospace group EADS and British defense company BAE Systems was on the brink of collapse is "unfounded", a senior French government source said on Friday. Both the French president's office and the prime minister's office said they had no comment on a report in the online edition of Germany's Der Spiegel news magazine, citing German government sources, saying the talks had practically collapsed. (Reporting By Elizabeth Pineau; Writing by John Irish)

South Africa's Amplats fires 12,000 strikers as unrest deepens Posted: 05 Oct 2012 08:25 AM PDT JOHANNESBURG (Reuters) - Anglo American Platinum (Amplats) fired 12,000 wildcat strikers on Friday, a high-stakes attempt by the world's biggest platinum producer to push back at a wave of illegal stoppages sweeping through South Africa's mining sector and beyond. The rand fell sharply after the announcement, suggesting investors fear the sackings could worsen what is shaping up to be the most damaging period of labor unrest in Africa's biggest economy since the end of apartheid in 1994. Police shot dead one striking miner overnight, bringing the death toll in two months of unrest to 48. ...

US jobs figures reassure markets about economy Posted: 05 Oct 2012 08:24 AM PDT Better than expected U.S. jobs figures that included a surprise fall in the unemployment rate to its lowest level since January 2009 shored up markets Friday.

Avon Products chairman to step down Posted: 05 Oct 2012 08:17 AM PDT Beauty products seller Avon Products said Friday that its chairman and former CEO Andrea Jung will step down at the end of the year, ending her 18-year tenure at the company.

EADS-BAE merger on brink of collapse: media report Posted: 05 Oct 2012 08:14 AM PDT FRANKFURT (Reuters) - French demands have brought the planned mega-merger between European aerospace groups EADS and BAE Systems to the brink of collapse, Germany's Spiegel Online reported on Friday. Citing government sources, the online magazine wrote that Britain wanted to prevent at all costs any one state owning more than 10 percent of the merged company -- a demand that France flouted with its plans to hold more than that while obtaining the option to buy even more shares later on. (Reporting By Christiaan Hetzner)

Canada's Do All Industries goes hostile with Hyduke Energy bid Posted: 05 Oct 2012 08:03 AM PDT (Reuters) - Do All Industries Ltd cut its offer price for Hyduke Energy Services Inc by 41 percent and took it directly to shareholders after talks with Hyduke management collapsed. Privately held Do All, which like Hyduke provides services and equipment to the oil and gas industry, slashed its offer price to 83 Canadian cents per share, or C$20.1 million, from C$1.37 per share, or C$34 million. Hyduke's shares, which were among of the top percentage gainers on the Toronto Stock Exchange, were up 39 percent at 79 Canadian cents on Friday morning. ...

Trading errors rattle Indian stock market Posted: 05 Oct 2012 07:58 AM PDT MUMBAI (Reuters) - A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches. Trading on the National Stock Exchange (NSE) was briefly halted after the 59 trades worth more than $125 million were placed, triggering a sudden drop of more than 900 points on the Nifty index, the exchange said. It said the orders, for an institutional client, were sent from a single dealer terminal at Emkay Global Financial Services . ...

India may shut Kingfisher as fleet remains grounded Posted: 05 Oct 2012 07:44 AM PDT MUMBAI/NEW DELHI (Reuters) - Debt-strapped Kingfisher Airlines , devoid of a turnaround plan to get back into the air, faced a possible shutdown by the government after extending the grounding of its fleet for another week. The industry regulator told the airline late on Friday to demonstrate why its permit to fly should not be suspended or cancelled, and gave it 15 days to reply. The Directorate General of Civil Aviation said the airline had failed to establish a "safe, efficient and reliable service". Kingfisher stopped flights on Monday after a weekend protest by staff turned violent. ...

GM to move fuel cell research from NY to Michigan Posted: 05 Oct 2012 07:40 AM PDT General Motors says it will close its hydrogen fuel-cell research operation near Rochester, N.Y., and move it to Michigan.

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