* Dow closed 77 points higher, or up 0.79%; S&P 500 rallied 0.65% and Nasdaq picked up 0.20%
* US Institute Manufacturing Index rose to 55.7 in October from 52.6 in September
* US pending home sales up 6.1% on tax credit
* US September construction spending rose 0.8%
* UK global factory business activity grew at its fastest pace in 39 months in October as the output index soared to 58.4 from 52.6 in September
* Opec output fell in October, according to Reuters survey
* President Obama warns of further job losses
* First State Bancorp slumps on wider earnings loss
* Ford reports a surprise third-quarter profit and sees a profit in 2011
* Starwood cuts annual dividend by 78%
* Karzai declared Afghan president as election run-off is cancelled
* FSA to review compensation scheme for bank failures
* Political pressure to cut banks down to size is 'totally misguided' according to Josef Ackermann, chief executive of Deutsche Bank
* David Cameron set to rule out a referendum on the Lisbon treaty
* Young Anglican vicars are facing the prospect of a bleaker retirement after the Church of England pension scheme sank 100% of its investments into stocks towards the end of the 1990s bull market
* London mayor Boris Johnson plans 32,000 new houses
* Hedge fund launches are growing in size and number after months of subdued activity
* Orange avoids iPhone price war
* EMI probes digital sales of Beatles songs in US
* Threat of British Airways Christmas strike moves a step closer
* Taliban attack on Pakistan army kills 35 and brings fresh warnings
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London jewellers weigh Dubai crisis