• The Organ Care System, which has been tested on 12 patients in Germany and Spain, allows donor lungs to be prepared and preserved for transplant at body temperature, keeping them in better condition than the usual practise of cooling them down, according to results of a study published in the Lancet.

  • UK must cut debt or face obscurity - PM Cameron Tuesday, 9 Oct 2012 | 7:01 PM ET

    BIRMINGHAM, England, Oct 10- Britain must cut its budget deficit and fix its economy or face long-term decline, Conservative Prime Minister David Cameron will say on Wednesday, seeking to convince voters that his austerity plan is the only way forward.

  • UPDATE 5-Germany seen ready to block EADS-BAE merger Tuesday, 9 Oct 2012 | 6:38 PM ET

    *Britain, France had proposed state shareholding cap. *Germany demands parity with France, key headquarters. PARIS/ BERLIN, Oct 9- Plans for a $45- billion merger between EADS and BAE Systems veered towards collapse late on Tuesday as Germany appeared ready to block the deal in a row over national stakeholdings.

  • LONDON, Oct 9- British online fashion retailer ASOS is set to appoint Kate Bostock, the former head of general merchandise at Marks& Spencer, as a senior executive, according to an industry source. She could be officially named in her new post, reporting to ASOS Chief Executive Nick Robertson, as early as Wednesday.

  • German defence min surprised by BAE/EADS reports Tuesday, 9 Oct 2012 | 5:11 PM ET

    BRUSSELS, Oct 9- German Defence Minister Thomas de Maiziere on Tuesday declined to comment on the state of negotiations between EADS and BAE Systems but said he knew the situation well and was surprised by media reports about it.

  • LONDON, Oct 9- Monetary policy cannot prop up Britain's economy forever, and export-driven growth will be hard to achieve at a time when much of the rest of the world is pursuinig the same strategy, BoE Governor Mervyn King said on Tuesday.

  • Stocks slide, and investors wait for earnings Tuesday, 9 Oct 2012 | 4:26 PM ET

    NEW YORK-- Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The slide came on the five-year anniversary of record high closes for the Dow and S&P 500.

  • EADS-BAE talks hit new roadblock - sources Tuesday, 9 Oct 2012 | 3:37 PM ET

    PARIS/ BERLIN, Oct 9- Merger talks between EADS. and BAE Systems have hit a new obstacle over Germany's reluctance to endorse an Anglo-French scheme for handling state shareholdings, several sources familiar with the matter said on Tuesday.

  • BoE's King says monetary policy faces limits Tuesday, 9 Oct 2012 | 3:24 PM ET

    LONDON, Oct 9- The Bank of England will ultimately have to face up to monetary policy's limits as a tool to stimulate the economy, even if there are no technical limits for its purchases of government bonds, BoE governor Mervyn King said on Tuesday.

  • Oil price jumps above $92 a barrel Tuesday, 9 Oct 2012 | 3:18 PM ET

    The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. On the New York Mercantile Exchange:. Benchmark crude rose $3.06 to finish at $92.39 per barrel.

  • BRUSSELS, Oct 9- Apple Inc's antitrust case with the European Union over e-book publishing could be settled in a couple of months, European Competition Commissioner Joaquin Almunia said on Tuesday. The European Commission is now market-testing an offer by Apple and the publishers in a bid to end the EU probe.

  • LONDON, Oct 9- Russia aims to bring on line 1.4-2 million barrels of oil equivalent per day with new tax reforms designed to reduce the levy on future projects and codify ad-hoc discounts currently in force, Energy Minister Alexander Novak said on Tuesday. Tax holidays extended under the packages are expected to cover 50 fields in East Siberia.

  • BRUSSELS, Oct 9- British Defence Secretary Philip Hammond said on Tuesday he expects BAE Systems and EADS. to announce before the London stock market opens on Wednesday whether to seek more time for talks on a $45 billion merger.

  • Transatlantic clean ship rates seen staying muted Tuesday, 9 Oct 2012 | 2:04 PM ET

    LONDON, Oct 9- Clean tanker rates for refined petroleum products on top export routes were broadly steady on Tuesday with lighter business capping earnings in the transatlantic market.

  • *11 countries back financial transaction tax* Britain, Sweden, free-marketeers strongly oppose* Greek police battle protesters as Merkel visits Athens* French lawmakers endorse fiscal discipline treaty By John O'Donnell and Harry Papachristou.

  • World stocks fall on Europe debt worries, IMF view Tuesday, 9 Oct 2012 | 1:46 PM ET

    AMSTERDAM-- World stock markets fell Tuesday on a gloomy forecast from the IMF and worries over Europe's debt crisis ahead of the start of earnings season.

  • *Alcoa settlement also includes alumina supply contracts. DUBAI, Oct 9- Alcoa Inc will pay $85 million in cash and enter long-term raw material supply contracts with Aluminum Bahrain to settle the Bahraini firm's racketeering and fraud lawsuit against Alcoa, the companies said on Tuesday.

  • The banks' action follows interest rate cuts by Denmark and Switzerland to protect their currencies from investors seeking safe haven from the euro. But this revenue source in the kroner and franc has dried up now that Denmark and Switzerland have cut rates.

  • *IPO price range narrowed to 170- 177.5 pence- sources* RBS will sell a minimum 30 percent stake- sources By Matt Scuffham and Kylie MacLellan.

  • Med Crude-Urals stronger in Baltic on arbitrage Tuesday, 9 Oct 2012 | 1:17 PM ET

    *Azeri Nov exports to rise, Iraq cuts OSP for Europe. In the Platts window, BP bid in the Baltic for an Oct 22-26 Urals cargo at dated Brent minus $1.30 a barrel, some 30 cents stronger than on Monday, and Exxon bid for an Oct 20-24 cargo at dated Brent minus $1.35, traders said.