*Malaysia Airlines flight loses contact hour after takeoff. KUALA LUMPUR/ HO CHI MINH CITY, March 9- A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities.» Read More
NEW YORK/ LONDON, Oct 8- Gold prices eased on Tuesday as investors took profits, but losses were limited as growing uncertainty about the U.S. budget impasse and a looming deadline to raise the U.S. debt ceiling bolstered bullion's safe-haven appeal.
NEW YORK, Oct 8- U.S. stocks slid on Tuesday as traders cashed in gains in some of the year's best performers amid little progress to end a political crisis in Washington. The Dow Jones industrial average was down 158.75 points, or 1.06 percent, at 14,777.49. The Nasdaq Composite Index was down 75.54 points, or 2.00 percent, at 3,694.83.
CHICAGO, Oct 8- The would-be architects of a grand bargain to solve Illinois' $100 billion pension crisis have not met as a group for three months, and the state's last chance to strike a deal this year is slipping away. Credit agencies are threatening to cut Illinois' ratings, already the lowest of the 50 states, to BBB-plus, the level of Kazakhstan.
WASHINGTON, Oct 8- President Barack Obama turned up the political pressure on Republicans on Tuesday, saying he would be willing to negotiate on budget issues only after they agree to re-open the federal government and raise the debt limit with no conditions.
JOHNSTOWN, Pa./ NEW YORK, Oct 8- A Federal Reserve official known for her centrist views said on Tuesday she wanted to reduce the U.S. central bank's asset purchases last month, adding her voice to the Fed's so-called policy hawks who have spoken out against the shock decision to leave monetary policy unchanged.
BOSTON, Oct 8- Microsoft Corp is paying a hacking expert more than $100,000 for finding security holes in its software, one of the largest such bounties awarded to date by a high-tech company.
NEW YORK, Oct 8- U.S. stocks slid on Tuesday as traders cashed in gains in some of the year's best performers amid little progress to end a political crisis in Washington that could affect the U.S. fiscal standing and economic recovery. Shares of LinkedIn lost 5.9 percent to $223.14, and Netflix fell 4.7 percent to $303.06.
WASHINGTON, Oct 8- President Barack Obama on Tuesday rejected the idea floated by Republicans to form a bipartisan panel as a way to resolve an impasse over the budget and avoid a possible debt default because he is skeptical it would create any new momentum.
*Corn down 1.7 percent as yield reports remain robust. *Wheat mixed; CBOT contracts hit technical resistance. Corn was the leader on the downside, flirting with three-year lows as fields in places like Iowa and Illinois dried out and farmers rolled their combines.
SAN FRANCISCO, Oct 8- When Hewlett-Packard Co was removed from the Dow Jones Industrial Average a month ago, Chief Executive Officer Meg Whitman sent an impassioned email to the company's 300,000- plus employees. Two years into what she has always described as a five-year effort, HP's sales and profits are still sliding and Wall Street is losing patience.
WASHINGTON, Oct 8- Harry Reid, the Democratic leader in the U.S. Senate, said he will introduce a "clean" bill later on Tuesday to raise America's debt limit. Reid said the bill will have no policy demands from either party attached to it.
WASHINGTON, Oct 8- Republican U.S. Senator John McCain on Tuesday said he opposes a demand by President Barack Obama and his Democrats in Congress for an unconditional increase in the U.S. debt limit. McCain, one of the more influential members of Congress, said, "The answer to this is negotiations."
WASHINGTON, Oct 8- President Barack Obama on Tuesday urged House Speaker John Boehner to hold a simple vote to end the government shutdown and raise the nation's debt limit, saying international creditors look to Congress for reassurance about U.S. creditworthiness.
WASHINGTON, Oct 8- A major U.S. oil and gas lobbying group on Tuesday said it filed a lawsuit in District of Columbia Circuit Court challenging the Environmental Protection Agency's renewable fuel volume requirements for 2013..
NEW YORK, Oct 8- The normally uneventful sale of one-month U.S. The U.S. Treasury Department on Tuesday sold $30 billion of one-month bills that will pay an interest rate of 0.35 percent to investors.
WASHINGTON, Oct 8- President Barack Obama said on Tuesday he remains very hopeful that Congress will not put his administration in the position of having to consider prioritizing debt payments in the event of a federal debt default.
SAN FRANCISCO, Oct 8- Intel Corp talked up new chips on Tuesday aimed at medical equipment, automobile entertainment systems and other devices far from its shrinking core market of personal computers.
BRASILIA, Oct 8- Brazilian President Dilma Rousseff is looking to cut power rates again, one year after her government shocked investors by strong-arming utility companies into reducing some of the world's highest electricity costs.
*French president calls on Alcatel to review plans. *Alcatel to cut nearly one in seven of its employees. PARIS, Oct 8- French president Francois Hollande called on Alcatel-Lucent on Tuesday to save as many jobs as possible in France after the telecoms equipment maker said it plans to cut 10,000 jobs worldwide, about 14 percent of its entire workforce.
NEW YORK, Oct 8- U.S. stocks briefly extended losses in late afternoon on Tuesday as President Barack Obama spoke about the political stalemate in Washington. The Nasdaq dropped more than 2 percent during his remarks in which the president said that in an economic shutdown after default, there would be a very significant risk of a deep recession.