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Superstorm Sandy depressed U.S. industrial output in October, while production of machinery and equipment declined sharply, reflecting a more cautious outlook among businesses, according to a Federal Reserve report. The Fed says industrial output fell 0.4 percent last month, after a 0.2 percent gain in September. Excluding the storm's impact, production at the nation's factories, mines and utilities would have been up about 0.6 percent. The yield on the benchmark 10-year Treasury note edged down to 1.58 percent from 1.59 percent late Thursday. Among stocks making big moves: Schiff Nutrition International, a nutritional supplement company, jumped $9.84, or 29 percent, to $43.76 after U.K.-based Reckitt Benckiser Group offered to pay $42 a share in cash to buy the company. German pharma giant Bayer had offered to buy Schiff in October for $34 a share. Schiff's stock is trading above the most recent offer, suggesting investors anticipate a bidding war may develop. Ruckus Wireless Inc., a maker of wireless networking equipment, dropped $2.75 to $13.73 on its first day of trading. That's a decline of 18 percent. Foot Locker rose $1.42, or 4.5 percent, to $33.27. Its net income rose 61 percent in the third quarter.
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