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  • Oil prices fall after warning from World Bank Monday, 8 Oct 2012 | 10:09 AM ET

    NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States.

  • Soda industry: Vending machines will show calories Monday, 8 Oct 2012 | 10:08 AM ET

    "They're seeing the writing on the wall and want to say that it's corporate responsibility," said Mike Jacobson, executive director of the Center for Science in the Public Interest, which advocates for food safety and nutrition.

  • NEW YORK, Oct 8- Goldman Sachs Group Inc unit Goldman Sachs Asset Management has hired Andrew "Buddy" Donohue, a former head of the division of investment management at the U.S. Securities and Exchange Commission, as deputy general counsel, according to an internal memo obtained by Reuters on Monday.

  • *Coal retirement/retrofits to cost up to $144 billion. Oct 8- More U.S. coal-fired power plants could retire due to environmental regulations and weaker-than-expected electric demand, costing the industry up to $144 billion, economists at consultancy Brattle Group said.

  • **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.

  • BP sells Texas City refinery to Marathon Petroleum Monday, 8 Oct 2012 | 9:31 AM ET

    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.

  • Soda industry: New vending machines show calories Monday, 8 Oct 2012 | 9:30 AM ET

    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.

  • 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.

  • **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.

  • NBT Bancorp to buy Alliance Financial for $233 mln Monday, 8 Oct 2012 | 9:05 AM ET

    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.

  • BRIEF-Green Dot shares drop in premarket trade Monday, 8 Oct 2012 | 8:53 AM ET

    NEW YORK, Oct 8- Green Dot Corp:.

  • NEW YORK, Oct 8- Renewable Energy Group Inc:.

  • 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.

  • Living room built around NYC Columbus statue a hit Monday, 8 Oct 2012 | 8:39 AM ET

    NEW YORK-- Anyone hoping to commune with Christopher Columbus on Columbus Day will be disappointed: He's booked solid. The exhibit, "Discovering Columbus" by Japanese artist Tatzu Nishi, has become a must-see cultural attraction in New York since it opened Sept. 20.

  • Red Bull venturing into fruity flavors Monday, 8 Oct 2012 | 8:38 AM ET

    NEW YORK-- Red Bull is rolling out its energy drink in three fruity flavors this spring, as the company looks to boost its stake in the rapidly growing market. Last year, sales volume for energy drinks rose by nearly 17 percent, with the top three players _ Monster, Red Bull and Rockstar _ all logging double-digit gains, according to Beverage Digest.

  • Nobel prize to Briton, Japanese for stem cell work Monday, 8 Oct 2012 | 8:37 AM ET

    STOCKHOLM-- British researcher John Gurdon and Shinya Yamanaka of Japan won this year's Nobel Prize in physiology or medicine on Monday for discovering that mature, specialized cells of the body can be reprogrammed into stem cells _ a discovery that scientists hope to turn into new treatments.

  • Presidential race rumbles into final 4 weeks Monday, 8 Oct 2012 | 8:33 AM ET

    LOS ANGELES-- Rumbling into its final four weeks, the presidential campaign is playing out on both coasts and multiple fronts, with Republican Mitt Romney seeking stature on foreign affairs and President Barack Obama raising political cash by the millions.

  • US futures heading lower on dour forecast for Asia Monday, 8 Oct 2012 | 8:30 AM ET

    NEW YORK-- U.S. stock futures dipped Monday as economists grow increasingly pessimistic about the outlook for Asia, as well as expectations for a leaden performance from major U.S. corporations as the earnings season kicks off.