Friday Papers: Wall Street stages late rally to close over 400 points up -- other news

* Dow closes 401 points higher at 8,979 after extremes of 8,199 and 9,013; Nasdaq ended 69 points firmer at 1,313

* US September industrial production down 2.8%, largest decline in 34 years

* Philadelphia Fed manufacturing index minus 37.5 in October, lowest since December 2001, vs minus 10 expected

* US jobless claims fell 16,000 to 461,000; real earnings unchanged

* US September CPI unchanged; core CPI up 0.1%, smallest core increase since February

* US October NAHB housing index falls to record low of 14 vs 17 expected

* Opec reschedules meeting to October 24

* Gordon Brown urges retailers to cut petrol price

* US crude oil stocks up 5.6 million to 308.2 million in October 10 week; crude price falls below $70

* Opec reschedules meeting to October 24

* UK government to hold sale of £1 billion 2009 stock on Monday

* Chairman of FSA says regulators should be engaged in a fundamental debate about how to set banks' minimum capital requirements (interviews FT and Guardian)

* Merrill Lynch and Citigroup shares fall after third-quarter losses and writedowns

* Hungary and Ukraine line up for outside support

* MPs demand rise in public spending

* EU leaders call for action to boost industry

* South Korean currency hit by biggest one-day fall in 10 years

* Association of Corporate Treasurers warns sudden business collapses are likely in frozen market

* Intercontinental Hotels warns that new hotel pipeline will slow

* Corus and Jaguar act to cut costs as global crisis hits British industry

* Economists say fears of slump could force interest rates down to one per cent

* Fears for insurers' solvency levels as shares plummet

* Chairman of BAT Jan de Plessis, is joining the board of Marks & Spencer

* Kaupthing to sue Treasury over asset raid

* Ryanair exercises option for 10 Boeing aircraft