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WRAPUP 2-U.S. House slams regulators for not catching VW for years

*EPA expects proposals from VW next week on fixing cars. WASHINGTON, Oct 8- Volkswagen AG's U.S. chief executive blamed "individuals" for using software to cheat on diesel emissions at a House hearing on Thursday as lawmakers attacked federal environmental regulators for failing to catch the fraud for years. "This was a couple of software engineers who put this in...
Source: Reuters | By: David Morgan and Timothy Gardner
WRAPUP 1-No room for mistakes by central banks amid 'new mediocre'

LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding fire. For both the Fed and the Bank of England,...
Source: Reuters | By: Mitra Taj and Randall Palmer
Officials: Gas facility explosion leaves 3 workers dead

The explosion erupted at about 11 a.m. Thursday at a facility owned by the Transcontinental Gas Pipeline Co., a subsidiary of Williams Partners, a major natural gas supplier. Williams Partners said the contractors were doing maintenance work when the explosion occurred. Williams Partners said the facility was shut down the explosion erupted and that there...
Source: The Associated Press
UPDATE 3-Volkswagen's US boss blames "individuals" for cheating

*Newspaper says "defeat devices" switched on in Europe. BERLIN/ WASHINGTON, Oct 8- Volkswagen's rigging of diesel emissions tests was not a company decision but the result of actions by a small number of engineers, its top U.S. executive said on Thursday. Earlier on Thursday, German prosecutors raided Volkswagen's headquarters and other offices as part of their...
Source: Reuters | By: Andreas Cremer and David Morgan
GM recalls 32K SUVs, tells owners not to use wipers

GM is recalling nearly 32,000 Buick Enclave, Chevrolet Traverse and GMC Acadia SUVs to fix an electrical problem.
Source: The Associated Press
Battery fires: FAA to back ban on passenger plane shipments

"We believe the risk is immediate and urgent," Angela Stubblefield, a Federal Aviation Administration hazardous materials safety official, said at a public meeting on Thursday. FAA tests show that even a small number of overheating batteries emit gases that can cause explosions and fires that can't be prevented by current fire suppression systems.
Source: The Associated Press | By: By JOAN LOWY, Associated Press
Plenty of year-end targets, but little consensus

With less than three months left in 2015, some see stocks surging into year-end, while others are bracing for a negative finish.
Source: CNBC.com | By: Tom DiChristopher
Pro sports secrets just got even more valuable

Accusations of insider betting at DraftKings and FanDuel show that daily fantasy sports are ripe for fraud, experts say.
Source: CNBC.com | By: Jacob Pramuk
A key financial habit that can make you rich

You'll never guess the best practice that can help an individual fast-track wealth creation. A leading economist and strategist reveals the secret.
Source: CNBC.com | By: Elizabeth MacBride, special to CNBC.com
GM recalls SUVs, tells owners not to use windshield wipers

DETROIT— General Motors is telling owners of some SUVs not to use their windshield wipers because an electrical short could cause the wiper motor to catch fire. Most are in North America. The problem was discovered when a wiper motor overheated at a factory near Lansing, Michigan, where the SUVs are made.
Source: The Associated Press