*Hong Kong positive on Fed "patient" stance on rates. BEIJING, Dec 19- Shanghai shares retreated from their highest intraday level in four years on Friday, while Hong Kong stocks rallied for a second day on positive global sentiment. China COSCO China Shipping Development, China Shipping Container Lines and China Merchants Energy Shipping jumped by their 10 pct...» Read More
NEW YORK-- A Cowen and Co. analyst said Monday that Cerus Corp., which makes devices that are used to clean donated blood, should report strong revenue growth as sales of its Intercept system increase.
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.
OSLO, Oct 8- German sportswear company Puma. announced a range of biodegradable shoes and clothes on Monday, seeking to lead in protecting nature as it tries to catch up with rivals Nike and Adidas in sales.
Oct 8- Moody's cuts Old Mutual Life Assurance Co rating to A3 from A1, with a negative outlook.
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.
JET-SETTING: Rapidly expanding Gulf carrier Etihad Airways will jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance. The Air France-KLM deal could prove significant in that it shows a willingness by the company to work with a Gulf rival.
WASHINGTON, Oct 8- The retailer's new venture with American Express looks a good option for poorer Americans lacking access to financial services.
ATHENS, Oct 8- About 8,000 demonstrators chanted anti-austerity slogans and hoisted banners warning Angela Merkel she was not welcome in Greece at a protest on Monday, the eve of a visit by the German chancellor. "We want Merkel to leave Greece alone because her measures only bring poverty," said protester Antigone Beza, 48, an Athens saleswoman. "
NEW YORK-- Benchmark Research believes the sell-off last week of shares in firearms manufacturers was overdone, and reiterated a buy recommendation on the stocks of the biggest producers.
LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.
*World Bank says China economic slowdown may worsen. *Turkey retaliates again after mortar fire from Syria.
NetSpend and Green Dot, which sells many of its cards at Walmart stores, tumbled Monday after Wal-Mart Stores Inc. announced it would offer its own prepaid card with credit card issuer American Express Co. With its shares falling, Green Dot replied with a statement saying it supported Wal-Mart's efforts to offer more financial products to more customers.
RALEIGH, N.C.-- North Carolina will reap almost $16 million from a national Medicaid fraud settlement involving Abbott Laboratories.
The widening outbreak has alarmed federal and state health officials and focused attention on regulation of pharmaceutical compounding companies like the one that produced the drugs, the New England Compounding Center Inc in Framingham, Massachusetts.
Oct 8- American Airlines said unit revenue, a widely watched measure of pricing power, rose 4 percent in September and would have been higher if not for flight delays and cancellations.
OUTLOOK DIMS: The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." THE NUMBERS: The bank cut this year's growth outlook for developing Asia-Pacific economies to 7.2 percent, down from its May forecast of 7.6 percent.
NEW YORK-- CBS Corp. said Monday that it is buying a New York radio station for $75 million so that it can relay a popular AM sports radio feed on the FM dial. It would become the 127th radio station that CBS operates in 28 markets nationwide.
Oct 8- Members of the machinists union went on strike at Bombardier Learjet's facility in Wichita, Kansas, on Monday after rejecting a contract offer that would raise healthcare costs.