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Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.
BRUSSELS, Oct 9- The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
*Recalls classic wood highchairs due to fall Hazard. *U.S. cpsc- recalls about 86,000 units in the United States and 3,400 units. *U.S. cpsc- Graco received 58 reports of high chairs' seats loosening or.
Oct 9- Continental Resources Inc, the top oil producer in the Bakken region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
*Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France. PARIS/ LONDON, Oct 9- France and Britain made a breakthrough over state shares in a merger between EADS and BAE Systems, making an extension of a deadline for negotiations more likely but putting the two nations on a collision course with Germany.
*NATO seeks ways to make scarce funds go further. *NATO chief calls for rises in defence spending post-austerity. BRUSSELS, Oct 9- NATO ministers wrestled on Tuesday with how to prevent austerity-driven defence cuts in many member countries from undermining the power of the 63- year-old Western alliance.
*Growth, Greece worries stoke safety bids for bonds. Treasuries prices rose on Tuesday in advance of a three-year debt sale as safe-haven bids for bonds emerged on anxiety about weak global growth and Greece's ability to meet the terms of a bailout.
HONG KONG, Oct 9- Sotheby's sold HK $2 billion worth of Asian and Chinese artwork and luxury goods in its autumn sales in Hong Kong on Tuesday, a 37 percent decline from the same period last year as the market consolidates on a weaker China economy. The tally was also some 18 percent less than the $316 million Sotheby's sold in its Hong Kong spring sales.
DUBAI, Oct 9- Aluminum Bahrain and U.S. aluminum maker Alcoa said on Tuesday they had settled the Bahraini firm's racketeering and fraud suit against Alcoa in return for $85 million in cash plus long-term raw material supply contracts.
DHAKA, Oct 9- Luxury leather goods sold across the world are produced in a slum area of Bangladesh's capital where workers, including children, are exposed to hazardous chemicals and often injured in horrific accidents, according to a study released on Tuesday.
*Amazon's Epix deal includes pay-for-performance provision. *Amazon pays more than Netflix on per-sub basis-execs. According to an executive directly involved in the deal, Amazon agreed to an earn-out provision payable to Epix over time if the number of subscribers to Amazon's Prime Instant Video service rises above a certain threshold.
NEW YORK-- Goldman Sachs downgraded Johnson& Johnson, saying Tuesday that the current share price has captured all the potential for improved growth. However, Goldman analyst Jami Rubin wrote that Johnson& Johnson comes up short in the two areas she sees as likely to boost stock prices, new prescription drugs and capital allocation.
Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.
*Asian shares rose on Tuesday but were capped by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings.
SEOUL, Oct 9- Isolated North Korea has rockets that can hit the U.S. mainland, it said on Tuesday, two days after South Korea struck a deal with the United States to extend the range of its ballistic missiles.
Stock markets gains in Asia came despite the International Monetary Fund cutting its forecast for global economic growth, just a day after the World Bank issued a warning about a slackening expansion in Asia. "Asia has grown nearly 32 in the four years since Lehman Brothers collapsed," analysts at DBS Bank Ltd. in Singapore said in a market commentary. "
SAN FRANCISCO, Oct 8- Zynga Inc's executive overseeing its key poker game has quit, hitting the gamemaker in a particularly vulnerable spot as it struggles with a steady employee exodus and falling revenue.
TOKYO, Oct 9- Sumitomo Metal Mining Co, a major Japanese non-ferrous metal producer, said it had found new gold deposit at its Hishikari mine in South Japan, which could generate 30 tonnes of gold.
TOKYO, Oct 9- Asian shares rose on Tuesday but were capped by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings.
*Softbank falls, beaten by KDDI on sales of iPhone 5. TOKYO, Oct 9- Japan's Nikkei share average dropped in early trade on Tuesday on growing concern that companies will slash full year forecasts when they release quarterly earnings, after the World Bank warned China's slowdown may be more protracted than thought.