Lindsey Piegza, chief economist at Sterne Agee, says U.S. markets are "holding their breath" for Friday's jobs report to see if the loss of momentum will continue.» Read More
SIOUX FALLS, S.D.-- South Dakota entrepreneur Brian Gramm was tailgating outside a college football game one sunny day when he wondered why he couldn't use that energy to plug in a radio.
**GREEN DOT CORP, $10.31, down 19.8 pct. **NETSPEND HOLDINGS INC, $10.00, down 6.98 pct. **WAL-MART STORES INC, $75.47, down 0.45 pct.
NEW YORK, Oct 8- U.S. natural gas futures lost ground early on Monday, pressured by milder mid-month weather forecasts for the Northeast and Midwest despite chilly temperatures this week that should stir early heating demand.
NEW YORK, Oct 8- U.S. stocks fell on Monday after the World Bank cut its growth forecasts for East Asia, underscoring concerns about the global economic climate and corporate profits on the cusp of the kickoff of the quarterly earnings season. The Nasdaq Composite Index was down 16.92 points, or 0.54 percent, at 3,119.27.
*Marathon to purchase refinery for $598 million* Inventory worth around $1.2 billion* Marathon could pay up to another $700 mln over 6 years. Marathon Petroleum's shares rose to $56.38 in pre-market trading, after closing on Friday on the New York Stock Exchange at $54.87.
NEW YORK-- BP has finally found a buyer for its Texas City refinery, one of the largest and most complex in the U.S. Marathon Petroleum Corp. will pay only $598 million for the refinery itself and other nearby pipelines and fuel terminals. The Texas City refinery has a troubled history.
NEW YORK-- As criticism over sugary sodas intensifies, the beverage industry is rolling new vending machines that display just how many calories are in its drinks. The vending machines will launch in Chicago and San Antonio municipal buildings in 2013 before rolling out nationally.
DETROIT-- General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit. Last month the company announced it would hire 500 people for a center in Austin, Texas. But spokeswoman Julie Huston-Rough said most carmakers strike a balance between doing computer work in the company and hiring outside firms.
Oct 8- Wal-Mart Stores Inc and American Express Co have teamed up to provide financial services to customers who often do not have traditional bank accounts by offering a prepaid Bluebird card.
*Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.
**GREEN DOT CORP, Friday close $12.85, down 23 pct premarket. **NETSPEND HOLDINGS INC, Friday close $10.75, down 12 pct premarket. Shares of Prepaid card companies Green Dot and NetSpend fell after Wal-Mart and American Express announced a partnership to offer customers an alternative to debit and checking accounts.
UnitedHealth Group Inc. will spend about $4.9 billion to buy a majority stake in Brazilian health benefits and care provider Amil Participacoes SA, as the largest U.S. health insurer leaps into an international market it says is primed for growth.
Oct 8- General Motors Co said on Monday it will create 1,500 jobs at a new software development center in Michigan as part of the U.S. automaker's previously announced plan to shift information technology work back into the company.
Oct 8- NBT Bancorp Inc said it agreed to buy Alliance Financial Corporation in a deal valued at about $233.4 million to expand its footprint in New York. NBT, which had assets of $6 billion as of June 30, will get an additional $1.4 billion in assets through the deal. This includes $890 million in net loans held for investment, and $1.1 billion in deposits.
LONDON, Oct 8- Britain is in danger of suffering a long-term loss of liquefied natural gas supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers. Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage.
DUBAI, Oct 8- Iran derided Israel's air defences as feeble on Monday, citing a drone incursion into its arch-foe's airspace, but did not say it had sent the aircraft shot down by the Israelis at the weekend.
BOSTON, Oct 8- There are distinctive ways that you can boost what you bring to your organization- and they don't involve the usual kissing up to your boss, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org. Any opinions expressed are not endorsed by Reuters.
NEW YORK, Oct 8- Renewable Energy Group Inc:.
NEW YORK, Oct 8- Green Dot Corp:.
Oct 8- Chemicals maker TPC Group Inc on Monday said it received a buyout proposal from Innospec Inc. Private equity firms First Reserve Corp and SK Capital Partners in August had offered $627.2 million to acquire TPC. Innospec, a specialty chemical maker, could offer $44 to $46 per share in cash, TPC said in a statement on Monday.