-Clyde Russell is a Reuters columnist. Again, that price level hasn't been clearly spelt out, but I would imagine the big three have a number in mind somewhere above $90 a tonne, with $110 likely viewed as a ceiling.» Read More
OTTAWA, Oct 24- The Bank of Canada halved its forecast for third-quarter economic growth in Canada to 1.0 percent, annualized, on Wednesday and said the degree of slack in the economy has widened, suggesting rate hikes could come later than thought.
TORONTO, Oct 24- Canada's Competition Bureau said on Wednesday it had reached an agreement with Air Canada and United Continental Holdings that prohibits them from coordinating on 14 transborder routes but clears the way for a joint venture that excludes those routes.
Oct 24- European health regulators granted conditional approval to Pfizer Inc's Xalkori to treat advanced non-small cell lung cancer in patients with a specific genetic mutation, the company said on Wednesday.
BILL COMES DUE: After an extended decline, the state of the automobile industry in Europe, which has been wracked by a broadening recession, became abundantly clear Wednesday. France was forced to throw a lifeline to the continent's No. 2 carmaker, Peugeot Citroen, and Ford announced it would close its massive factory in Belgium, costing 9,500 jobs.
*Barclays cuts target to $800 from $810. Oct 24- Apple Inc's ``iPad mini'' will attract new customers but the higher-than-expected price is unlikely to make it a threat to low-cost tablets such as Amazon.com Inc's Kindle, analysts said, in a muted reaction to the new tablet.
SAO PAULO, Oct 24- Brazil will raise the required amount of ethanol blended into gasoline to 25 percent from the current 20 percent by the end of June next year, the country's oil regulator said on Wednesday. Brazil had lowered the amount of ethanol in gasoline to 20 percent in October 2011 due to a shortage of the biofuel and an increase in its price.
MADISON, Wis.-- Unemployment rates are dropping across Wisconsin. Racine had the highest unemployment rate of any city at 10.7 percent followed by Beloit at 9.9 percent. Rates ranged from a low of 4.3 percent in Pierce County to a high of 13.7 percent in Menominee County.
LONDON, Oct 24- Brent crude oil fell for a seventh consecutive session on Wednesday after U.S. crude stocks rose last week, offsetting earlier strength prompted by signs that Chinese demand could stage a recovery. Brent crude was down 42 cents at $107.83 a barrel by 1455 GMT and looked on track for its lowest close since early August. U.S. oil fell $1 cents to $85.67.
Oct 24- Boeing Co posted stronger-than-expected results for the third quarter on Wednesday as its defense business improved and commercial aircraft deliveries surged, and the company raised its full-year forecast for the third time this year.
BURLINGTON, Vt.-- The state Attorney General's office has sued a company called VerMints, saying it has mislabeled its tins of mints as Vermont products. It says from 2006 to 2010, the company sold over 1.3 million tins prominently labeled " Vermont's All Natural Mints," or " Vermont's All Natural Pastilles."
NEW YORK-- Shares of Gilead Sciences Inc. rose Wednesday after the HIV drug maker reported strong third-quarter results and projected greater sales in 2012.. Stribild, which combines four medications into a single pill, was approved by the Food and Drug Administration in August.
General Motors, which owns the Chevrolet brand, unveiled the new 6.2- liter V-8 on Wednesday. The new version of the Corvette will be unveiled at January's North American International Auto Show in Detroit. The sleek sports car has been an icon of Detroit muscle since its debut in 1953..
Jet fuel is the bane of an airline's existence. It has become the single biggest expense at Delta Air Lines Inc. and other airlines, and its volatility has made airline planning difficult.
Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.
NEW YORK-- Ally Financial Inc.' s mortgage lending and servicing subsidiary has given preliminary approval to a $3 billion buyout offer from a unit of Ocwen Financial Corp..
Oct 24- Sandy formed into a category 1 hurricane on Wednesday, and was located about 65 miles south of Kingston, Jamaica, and about 235 miles south-southwest of Guantanamo, Cuba, the U.S. National Hurricane Center said in its latest bulletin. ``The center of Sandy is expected to move near or over eastern Jamaica this afternoon and this evening, move over eastern Cuba tonight and Thursday morning, and approach the central Bahamas on Thursday,'' the NHC said.
FRANKFURT, Oct 24- Adidas may be able to sell its Adizero Primeknit running shoe in Germany from next month after a court ruled a temporary injunction brought by rival Nike cannot be sustained. Nike filed for the injunction last month, halting the sale and production of the Adidas product, arguing the shoe was a copy of its Flyknit sneaker, launched in February.
The president of US Airways says Southwest Airlines Co. is changing how it thinks about prices. He says Southwest is targeting fare increases and sales, which can be "a little hard to understand" for most people but seems smart to airline insiders.
LISLE, Ill.-- SunCoke Energy posted a 74 percent jump in third-quarter net income thanks to more robust sales of coke at higher prices. The company easily topped Wall Street profit expectations for the quarter, but shares slid 2 percent with revenue for the quarter and a full-year outlook that fell short.
PARIS, Oct 24- Dominique Strauss-Kahn, the former IMF chief whose French presidential ambitions were shattered by a sex scandal last year, is making a comeback in business and at conferences. The 63- year-old Strauss-Kahn was accused of trying to rape a New York hotel maid in May 2011.