The Fast Money traders take a look at today's biggest market movers.» Read More
By early afternoon in Europe, benchmark crude for November delivery was down $1.31 to $88.57 a barrel in electronic trading on the New York Mercantile Exchange. The widening spread between the Nymex and Brent contracts, now above $22, was attributed to higher U.S. output and supply risks in Europe and the Middle East.
PARIS, Oct 8- Britain, France and Germany pushed on with talks on Monday aiming to prevent a disagreement over state shareholdings wrecking a proposed merger of EADS and BAE Systems.
SANTA CLARA, Calif.-- Life science instrument company Affymetrix anticipates that its third-quarter revenue will come in below Wall Street's expectations, as its results were hurt by tighter academic funding conditions globally.
*Terra Firma joins with China Development Bank- source. LONDON, Oct 8- Terra Firma, the private equity firm led by high-profile dealmaker Guy Hands, is planning a multi-billion dollar fund with a Chinese bank to invest in renewable energy, underscoring its faith in green power despite waning enthusiasm in some markets.
NEW YORK-- An analyst raised his rating and price target for BlackRock on Monday, saying that there is a good buying opportunity for the investment manager's stock. William Katz of Citi Investment Research boosted BlackRock Inc. to "Buy" from "Neutral" and increased its price target to $220 from $190.
UnitedHealth Group Inc. will spend about $4.9 billion in cash to buy a majority stake in Brazilian health benefits and hospital services provider, as the largest U.S. health insurer takes a big leap toward international growth.
NEW YORK, Oct 8- U.S. stock index futures fell on Monday after the World Bank cut its growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits ahead of the upcoming earnings season.
Oct 8- Gannett Co Inc and Dish Network Corp have agreed to extend by several hours their deadline to reach a deal over the satellite TV provider's commercial-skipping digital video recorder. Gannett had earlier set a midnight, Oct. 7 deadline for negotiations with Dish and said that an agreement was possible.
PARIS, Oct 8- The outlook for the world's major economies including the United States and Germany has deteriorated slightly, although China may be stabilising after a recent slowdown, the OECD said on Monday.
LONDON, Oct 8- A man who claims to have defaced a major painting by Mark Rothko over the weekend in London said on Monday that Marcel Duchamp, the French artist most famous for his 1917 urinal that shocked the art establishment, would be "happy" at what he had done.
*Oil dips below $112 as World Bank cuts Asian growth outlook. Several big companies, including FedEx and Hewlett-Packard, have issued profit warnings before the earnings season which starts on Tuesday.
NEW YORK, Oct 8- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.
*China, U.S. data mildly positive; IMF to cut growth estimates.
SAN FRANCISCO, Oct 8- Zynga Inc's inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next. Zynga did launch several such games this year, including "The Ville" and "ChefVille," and is working on several more.
*DJ profits key as News Corp splits publishing from entertainment. Lex Fenwick, a long-time Bloomberg LP executive, is making his mark on Dow Jones, the News Corp. He works from a desk in a corner of the seventh floor of News Corp's headquarters in midtown Manhattan, and his conversations- often expletive-laced- can be widely heard.
*World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.
Jerry Brown is taking action in an effort to drive down the cost of gasoline as California drivers cope with record-breaking prices at the pump. Due to a temporary reduction in supply, California gas prices in recent days have surpassed those in Hawaii to become the highest in the nation.
PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.
SINGAPORE, Oct 8- The Asian naphtha price was at a two-session low of $957.50 a tonne on Monday on lower Brent crude, while the intermonth premium fell to a two-week low of $11.50 a tonne on muted spot purchases from petrochemical makers.
Scientists will give pharmaceutical investors long-awaited updates Monday on research behind potential Alzheimer's disease treatments from Eli Lilly and Co., Pfizer Inc. and Johnson& Johnson.