"Egypt is the largest importer of wheat in the world, but they have to buy it on the spot market," says Philip Blumberg.» Read More
*High investor demands keeps costs down for sponsors* Issuance may hit $7 bln this year By Sarah Mortimer. LONDON, Oct 9- The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.
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.
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.
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.
Since the Sept. 25 recall of three lots of a steroid produced by a Massachusetts company, the outbreak has spread to nine states and 105 patients, with eight people killed, the Centers for Disease Control said.
*Lawmakers call for stronger FDA role. *Supreme Court may have to settle legal questions. Democratic lawmakers said the new crisis showed it was time for Congress to strengthen the FDA's hand in overseeing this side of the drug industry.
*Launch now targeted for 1:15 p.m. EDT ( 1715 GMT. Oct 9- A n Austrian daredevil made last-minute preparations on Tuesday for a death-defying s kydive from a balloon 23 miles over the New Mexico desert af ter delays due to winds earlier in the day.
U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
NASHVILLE, Tenn., Oct 8- About 13,000 people in 23 U.S. states may have received steroid injections linked to a rare fungal meningitis outbreak that has killed eight people, but far fewer are likely to contract the disease, the Centers for Disease Control said on Monday.
CARACAS, Venezuela-- During his re-election campaign, President Hugo Chavez promised to deepen the "21st century socialism" that has meant an ever-greater state role in the economy. Chavez faces immediate economic time bombs beginning with a rapidly expanding public debt, one of Latin America's highest inflation rates and a weakening currency.
*Current record was set in 1960 by a U.S. Air Force colonel. Oct 8- An Austrian adventurer is preparing to skydive from a balloon flying 23 miles above New Mexico on Tuesday, seeking to break a long-standing altitude record- and the sound barrier- in the process. If the weather is good, the balloon will be launched at dawn on Tuesday, around 7 a.m. New Mexico time.
*Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp is buying BP Plc's Texas City refinery, the site of a deadly industrial accident, in a $2.5 billion deal that will make it the No. 4 U.S. refiner with a bigger potential slice of lucrative exports.
NASHVILLE, Tenn., Oct 8- Some 13,000 people in 23 U.S. states may have received steroid injections linked to a rare fungal meningitis outbreak that has killed eight people, but far fewer are likely to contract the disease, the Centers for Disease Control said on Monday.
TALLAHASSEE, Fla.-- A state-created fund that backs up private insurers in Florida could fall short of the money it needs to pay off hurricane insurance claims if a major storm were to pound the state. Florida created a special fund after Hurricane Andrew caused widespread damage 20 years ago.
MIAMI-- LeBron James is visiting China for the ninth time, which makes him one of the resident Miami Heat experts about the world's most populous nation. So maybe it's fortunate that the coming week won't exactly include a ton of free time for the Heat, who arrived in Beijing on Monday night for a weeklong trip.
NASHVILLE, Tenn., Oct 8- U.S. health authorities scrambled on Monday to identify more cases of a rare form of meningitis, including enlisting local police to find people who might be infected by tainted steroid injections that have so far killed eight people.
NEW YORK-- Supermarket chains like Safeway and Roundy's could have even more reason to fear Wal-Mart. As of the end of July, Wal-Mart had 10 "Express" stores and had ramped up its "Neighborhood Market" concept to 217 locations, said Citi Investment Research analyst Deborah Weinswig.
PORTLAND, Maine-- Maine has always been proud of the commodities it claims as homegrown, among them Stephen King, L.L. Bean, lobster, and a host of political icons including Edmund Muskie, George Mitchell and Olympia Snowe. Independent Angus King hails from Alexandria, Va., attended Dartmouth College and moved to Maine, where he has settled in Brunswick.
NEW YORK, Oct 8- U.S. natural gas futures edged higher at midday Monday in seesaw trade, underpinned by chilly U.S. temperatures that have stirred early heating demand.