Ben White, chief economic correspondent at Politico, says that if a deal is reached with Iran, President Barack Obama should expect "a big political fight" in Washington.» Read More
--U.S. fabrics and crafts retailer Jo-Ann Stores Inc.' s indirect parent, Jo-Ann Stores Holdings Inc. is issuing $325 million of senior unsecured PIK notes to finance a dividend to equity holder Leonard Green& Partners.
Oct 9- Best Buy Co Inc Chief Financial Officer James Muehlbauer is leaving the embattled retailer after more than a decade, the company said on Tuesday. Muehlbauer will continue to support the electronics retailer through the end of the 2013 fiscal year, the company said. Best Buy said it is looking for a replacement.
WASHINGTON, Oct 9- U.S. regulators are having a tough time keeping pace with rapidly expanding shale oil and gas development, according to a report from a government watchdog released on Tuesday.
FARGO, N.D.-- John Deere Electronic Solutions in Fargo has completed work on a $22 million expansion. The company was established in 1987 as Phoenix International. The 90,000- square-foot expansion gives the company more than 300,000 square feet in Fargo, where it employs more than 900 people.
CHEYENNE, Wyo.-- Interior Secretary Ken Salazar on Tuesday authorized what he described as potentially the largest wind energy project in the United States, if not the world: A Wyoming wind farm with up to 1,000 turbines that would provide electricity to some 1 million homes.
*Says has agreed to $164 million settlement of securities class. action lawsuit involving its Celebrex painkiller. *Says settlement subject to approval of New Jersey federal court.
NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. Spectrum Brands Holdings Inc., up $4.88 at $46.04. Owens Corning, down $2.83 at $31.12.
Oct 9- Jack Welch, the former chairman of General Electric who sparked an outcry with a tweet last week suggesting the White House manipulated job numbers for political gain, is no longer writing for Reuters or Fortune. "Unbelievable jobs numbersï¿ ½th ese Chicago guys will do anythingï¿ ½ can't debate so change numbers," Welch tweeted.
LOUISVILLE, Ky.-- For the owner of the Taco Bell, Pizza Hut and KFC chains, it was a profitable combo _ higher demand in the U.S. and a quick turnaround in its fast-growing China division. Operating profit in China rose 22 percent, when adjusted for currency fluctuations.
*Wells Fargo, the No. 4 U.S. bank, denies allegations. Oct 9- The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo& Co, the latest legal volley against big banks for their lending during the housing boom.
NEW YORK-- The federal government has sued Wells Fargo in a New York court, accusing the nation's largest mortgage lender of misrepresenting the quality of thousands of loans in order to be eligible for federal loan insurance.
SIOUX FALLS, S.D.-- South Dakota's row crop harvest advanced again last week with the soybean harvest nearing completion. The U.S. Agriculture Department says in its weekly crop and weather report that light showers teased parts of the state over the weekend but make no significant dent in the growing season precipitation deficits.
DES MOINES, Iowa-- Iowa regulators have approved a settlement on MidAmerican Energy's plans to increase electric rates to cover rising costs. The Iowa Utilities Board says Tuesday the deal allows MidAmerican to increase annual revenue by $38.7 million, or 4 percent, in 2012. The utility temporarily raised rates in March.
FARGO, N.D.-- Rain and snow that moved into North Dakota last week slowed fieldwork but has also replenished topsoil moisture in many areas. The U.S. Agriculture Department says in its weekly crop, livestock and weather report that harvest of the state's late season crops was already seeing good progress before the moisture moved in.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday called for scrapping a venerated U. S. tax r eform model in re marks t hat hardened his party's negotiating position ah ead of talks set to gain momentum soon on the so- called "fiscal cliff".
Oct 9- Aluminum producer Alcoa Inc's third-quarter results beat Wall Street estimates as its downstream businesses offset weak aluminum prices and demand for the metal. Alcoa's stock rose 7 cents to $9.20 in after-hours trading on the New York Stock Exchange.
OTTAWA, Oct 9- The Canadian government hinted strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd from helping to build a secure government communications network because of possible security risks.
NEW YORK-- Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The slide came on the five-year anniversary of record high closes for the Dow and S&P 500.
NEW YORK-- Shares of BioLineRx jumped nearly 11 percent Tuesday after the company released results from a new clinical trial of its schizophrenia drug. The company reported the initial results from the study in September 2009. BioLineRx shares gained 32 cents to $3.35.
--Our ratings on U.S.-based The Gavilon Group LLC, including the' BB' corporate credit rating, remain on CreditWatch, where they were placed with positive implications following Tokyo- based Marubeni Corp.' s.