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Look to energy names for global demand clues
By Caroline Valetkevitch NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit. The third-quarter earnings picture for energy looks grim. Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. Energy shares dropped 9. ...

Deutsche Bank lawyer found dead by suicide in New York
BERLIN (Reuters) - A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday. Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police. Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death. ...

ECB faces test of its own as Europe braces for landmark banking review
By Laura Noonan and Eva Taylor FRANKFURT (Reuters) - After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday - will its landmark health check succeed in convincing investors the region's lenders are safe? The ECB will announce the names of 25 banks that held too little capital at the end of last year, along with details of around 10 banks that have not yet made up the shortfall. The announcement is due at 1100 GMT. ...

Chinas auto market growth may halve to 7 percent this year: industry body...
SHANGHAI (Reuters) - Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai. "The economy is slowing. The auto industry would reflect that but typically lags the economic cycle by a bit." CAAM had forecast China's auto market, which grew by 13. ...

Panasonic says to transfer Sanyo TV unit in U.S. to Funai Electric
TOKYO (Reuters) - Panasonic Corp said it is transferring its Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores, to Funai Electric Co. of Japan in return for annual royalty payments. The move allows Panasonic to exit an unprofitable business. The transfer of the unit will likely be completed before the end of March, a spokesman for Panasonic said on Sunday, after the Nihon Keizai newspaper reported it would sell the business to Funai Electric . ...

Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays
HELSINKI (Reuters) - The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday. TVO and Areva have traded accusations about who is to blame for delays and extra costs, and the International Chamber of Commerce's (ICC) arbitration court is processing a dispute on cost overruns between the two sides. ...

Indias finance minister favors interest rate cut: paper
NEW DELHI (Reuters) - India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident of lower inflation. In May, Prime Minister Modi was elected on promises that his government would create jobs and rejuvenate the Indian economy, but experts were disappointed by Jaitley's first budget and a lack of early progress on fixing structural economic problems. "Currently, interest rates are a disincentive. ...

Exclusive: Ford to overhaul Lincoln brand, this time with big bucks
By Paul Lienert and Bernie Woodall DETROIT (Reuters) - Ford Motor Co's new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash. Lincoln, a storied Detroit brand which Ford has owned since 1922, has been in a swoon for the past two decades, leaving dealers and customers wondering if Ford management had left the brand for dead. ...

Fannie Mae settles shareholder lawsuit for $170 million
By Jonathan Stempel NEW YORK (Reuters) - Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis. The settlement, which requires court approval, was disclosed in a Friday filing with the U.S. District Court in Manhattan. ...

U.S. appeals court rules for GM over Spykers Saab sale
By Jonathan Stempel (Reuters) - General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company's effort to sell Saab to Zhejiang Youngman Lotus Automobile Co, leading to Saab's bankruptcy. GM had sold a majority of Saab to Spyker in 2010. ...

Social Security benefits to go up by 1.7 percent
More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.

Twitpic links, photo archive will stay alive due to deal with Twitter
The popular service for sharing photos on Twitter is set to close today, but its founder says the Twitpic domain and photo archive have been "given" to Twitter, so photos and links will be around awhile.>

Stephen Hawking joins Facebook, jokes about being an alien
Deciding, perhaps, that Facebook will bring him closer to the masses, the famed physicist signs up and shares a post that says being curious is vital in today's world.>

DUI suspect accuses cop of nabbing nude photos from her iPhone
A California woman claims a Highway Patrolman saw personal images on her iPhone and sent them to his own personal cell phone. Court records reportedly say the officer called the practice "a game.">

Googles head of Android to oversee its most important products
By promoting one of his most trusted lieutenants, Google CEO Larry Page can spend more time focusing on the future.>