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  • WHY IT MATTERS: Labor Tuesday, 9 Oct 2012 | 9:04 AM ET

    A unionized job once meant a secure path to a middle-class life. President Barack Obama has signed a series of executive orders that encourage the use of union labor in federal construction projects, ease union financial reporting requirements and more.

  • Merck moving its global headquarters Tuesday, 9 Oct 2012 | 9:03 AM ET

    WHITEHOUSE STATION, N.J.-- The drugmaker Merck& Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties. The company's headquarters are moving about 25 miles east from Whitehouse Station to another Merck site in Summit, which is about 12 miles west of New York City.

  • Oct 9- American Spectrum Realty Inc:. *Announces the sale of beltway industrial park in Houston, tx. *Says expects to recognize a gain of approximately $5.5 million before income.

  • Oct 9- Plans for an Austrian daredevil to skydive from a balloon 23 miles over the New Mexico desert were on hold on Tuesday due to winds, but his team said the death-defying stunt could still happen later in the day.

  • 13,000 got suspect steroid shots; risk uncertain Tuesday, 9 Oct 2012 | 8:58 AM ET

    NEW YORK-- As many as 13,000 people received steroid shots suspected in a national meningitis outbreak, health officials said Monday. Those injected in joints are not believed to be at risk for fungal meningitis, said Curtis Allen, a spokesman for the Centers for Disease Control and Prevention.

  • The U.S. House of Representatives' Intelligence Committee urged American companies on Monday to stop doing business with Huawei Technologies Co Ltd and ZTE Corp., warning that China could use equipment made by the companies to spy on certain communications and threaten vital systems through computerized links.

  • Asia Naphtha/Gasoline-Naphtha intermonths recover Tuesday, 9 Oct 2012 | 8:56 AM ET

    SINGAPORE, Oct 9- The Asian naphtha price rebounded to a five-session high of $965 a tonne on Tuesday, with the intermonth premium recovering to reach $12.00 a tonne as demand from South Korea returned.

  • NEW YORK, Oct 9- Redbook Research on Tuesday released the following seasonally adjusted weekly data on U.S. chain store sales:.

  • NEW DELHI, Oct 9- The U.S economy is now growing close to its potential, U.S Treasury Secretary Timothy Geithner said on Tuesday. Geithner also said during a visit to New Delhi that economic reforms in Europe "could take years and years to bear fruit".

  • Nickelodeon TV says Romney skipped kids' questions Tuesday, 9 Oct 2012 | 8:54 AM ET

    LOS ANGELES-- Mitt Romney may want to reconsider his campaign strategy involving the pint-size voters of tomorrow. The Republican presidential candidate skipped the chance to take part in Nickelodeon's "Kids Pick the President" special that includes President Barack Obama, said Linda Ellerbee, the show's host and executive producer.

  • Oct 9- Plans for an Austrian daredevil to skydive from a balloon 23 miles over the New Mexico desert were on hold on Tuesday due to winds, but his team said the death-defying stunt could still happen later in the day.

  • Gas prices set California record Tuesday, 9 Oct 2012 | 8:51 AM ET

    SAN FRANCISCO-- California has set a state record for gasoline prices _ but the hikes may be slowing. The highest average price in the state, at $4.75, is in the San Luis Obispo, Atascadero and Paso Robles area.

  • NEW YORK, Oct 9- Intel Corp:.

  • China rejects U.S. accusations against telcoms firms Tuesday, 9 Oct 2012 | 8:51 AM ET

    The U.S. House of Representatives' Intelligence Committee urged American companies on Monday to stop doing business with Huawei Technologies Co Ltd and ZTE Corp., warning that China could use equipment made by the companies to spy on certain communications and threaten vital systems through computerized links.

  • In close race, Obama and Romney showing confidence Tuesday, 9 Oct 2012 | 8:50 AM ET

    SAN FRANCISCO-- Exactly one month from Election Day, Republican Mitt Romney and President Barack Obama are both declaring they will win a race for the White House that remains anything but clear. Their trails are crossing again in Ohio, the state that could decide the election, and signs of urgency are emerging from each campaign.

  • *De Guindos denies Spain's forecasts are too optimistic. LUXEMBOURG, Oct 9- The euro zone believes Spain's budget cuts should take account of its recession, its economy minister said, as regional policymakers debated whether to let the country slacken the pace of its austerity drive.

  • Man arrested on suspicion of defacing Rothko work Tuesday, 9 Oct 2012 | 8:48 AM ET

    LONDON-- British police on Monday arrested the man who told journalists he was responsible for scrawling graffiti on a mural by modern American master Mark Rothko at London's Tate Modern museum.

  • Julius Baer eyes 1,000 job cuts after Merrill deal Tuesday, 9 Oct 2012 | 8:47 AM ET

    GENEVA-- Swiss private bank Julius Baer says it plans to cut about 1,000 jobs from Merrill Lynch's wealth management operations outside the United States following a deal to buy the unit from Bank Of America.

  • Jim Lehrer: No regrets for debate moderating Tuesday, 9 Oct 2012 | 8:47 AM ET

    NEW YORK-- Jim Lehrer said Monday that he accomplished precisely what he wanted to while moderating the first presidential debate: get Mitt Romney and Barack Obama talking to each other.

  • *Says has acquired savage bmw/mini of Ontario, located in Ontario, California. Penske Automotive Group, Inc., an international automotive retailer, today announced that the Company has acquired Savage BMW/MINI of Ontario, located in Ontario, California.