A group called Khorasan that emerged in the past year in Syria may be the most intent on hitting the United States with a terror attack.» Read More
NEW YORK, Oct 23- Gold fell 1 percent on Tuesday, tumbling below technical support and hovering just above $1,700 an ounce, pressured by economic worries that slammed equities and commodities and lifted the dollar.
NEW YORK, Oct 23- Global shares and the euro tumbled on Tuesday after a slew of weak U.S. corporate earnings results and credit ratings downgrades of several indebted regions of Spain.
LONDON, Oct 23- A top European share index slid to its lowest level in more than one-and-a-half months on Tuesday, hit by worries over company results and Spain's debt crisis, and some traders bet on European stocks falling further.
Oct 23- Xerox Corp trimmed its full-year earnings forecast on Tuesday and said it would take a restructuring charge of up to $100 million to account for a tougher economy as large companies tightened budgets and government had less funding for projects.
NEW YORK-- Nobody was expecting this round of corporate financial reports to be great. But underwhelming results _ particularly revenue, which offers a read on the economy _ are still rattling investors.
MORE CONTRACTION: Spain's economy shrank 0.4 percent in the third quarter compared with the previous three months, according to central bank estimates Tuesday. It was the fifth quarter in a row that Spain's economic output has contracted.
Oct 23- DuPont slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. Shares of DuPont, a component of the Dow Jones industrial average, fell more than 9 percent in midday trading.
*Sluggish demand in China, more stimulus unlikely now. LONDON, Oct 23- Copper slid to a six-week low on Tuesday, giving up more gains from its September rally, as a strong dollar, renewed worries over Spain's sovereign debt and a lack of robust demand from China knocked investor risk appetite.
*Spanish debt yields rise as Moody's downgrades 5 regions. NEW YORK, Oct 23- The euro plunged versus the yen and hit a one-week low versus the dollar on Tuesday as concerns about a global economic slowdown and a spike in Spain's borrowing costs spurred broad-based risk aversion.
*Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.
*Moody's downgrades Spanish regions including Catalonia.
*OPEC secretary general post comes up in 2013. LONDON/ DUBAI, Oct 23- OPEC remains in a stalemate over selecting its next secretary general, delegates to the producer group said on Tuesday after a two-day meeting, due to rivalry between four member-countries over its top administrative post.
CONAKRY, Oct 23- Two years ago, Guinea's first freely-elected president Alpha Conde promised to unite ``every son'' of his nation; today the man with ambitions to become West Africa's Nelson Mandela is struggling to halt a wave of ethnic unrest.
Oct 23- Guinea is the world's top supplier of the aluminium ore bauxite and holds rich deposits of iron ore, gold and diamonds, but political turmoil since independence from France in 1958 has left most of its people in poverty. Guinea secured $2.1 billion in debt relief last month from the World Bank and the IMF Heavily Indebted Poor Countries initiative.
On the New York Mercantile Exchange:. Benchmark crude fell $1.98 to finish at $86.67 per barrel. Gasoline fell 4.25 cents to end at $2.6050 a gallon.
Benchmark oil dropped $1.98, or 2.3 percent, to finish at $86.67 per barrel in New York. The national average for a gallon of regular gasoline dropped 2 cents overnight to $3.65. That's why gasoline futures have plunged 12 percent in less than two weeks, including a 4.3- cent drop Tuesday to $2.61 per gallon.
WASHINGTON-- TITLE: "The Clear Path". AIRING: Mitt Romney's campaign declined to say where the ad is airing. One is a path represented by the president, which, at the end of four years, would mean we'd have $20 trillion in debt, heading towards Greece.
A court in the quake-devastated town of L'Aquila convicted seven former members of Italy's so-called " Great Risks Commission" and sentenced each of them to six years in prison, prompting predictions that experts would be discouraged from working in Italy for fear of similar risks of prosecution.
A four-year boom in U.S. oil production is accelerating so fast it could help soon make the U.S. the world's top producer of oil and liquid hydrocarbons. The U.S. passed Russia this year, and is now second behind Saudi Arabia. Source: U.S. Energy Information Administration.
LONDON-- The publisher of the British tabloid once edited by Piers Morgan lost more than a tenth of its value after a prominent lawyer revealed that the newspaper stood accused of hacking into people's phones.