*China worries, Fed outlook spook investors. NEW YORK, Aug 31- World stock indexes fell while oil prices dropped on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates. Fed Vice Chairman Stanley Fischer said in a speech at the annual Jackson Hole, Wyoming, central bankers' symposium that U.S....» Read More
Text of a memo sent Tuesday to Citigroup's 262,000 employees by Vikram Pandit, who resigned as CEO:. After five extraordinary years, I have decided to step down as CEO of Citi. It has been a privilege and an honor to serve Citi since December 7, 2007.
NEW YORK-- Trading of NPS Pharmaceuticals Inc. shares was halted Tuesday as a Food and Drug Administration advisory panel began discussing NPS' experimental bowel drug Gattex. NPS will discuss Gattex with the FDA's Gastrointestinal Drugs Advisory Committee. NPS Pharmaceuticals shares trade on the Nasdaq Global Market.
Deval Patrick's administration on Monday ordered tighter controls on state spending and hiring but opted not to revise its revenue estimate for the current fiscal year in the face of lagging tax collections.
TARRYTOWN, N.Y.-- A federal hearing that could decide the future of an Entergy Corp. nuclear plant in the New York City suburbs began Monday on a less-than-dramatic note. The hearing was dominated by a highly technical discussion about how to predict where corrosion might occur in the miles of piping at the Indian Point nuclear plant.
He said it would either pay 100 percent of monthly premiums for health insurance for five years or offer $15,000 in cash payments in two $7,500 installments. He said the program would help retiring workers while also saving taxpayers between $18 million and $26 million a year.
CHICAGO-- W.W. Grainger Inc., which sells power tools and other industrial equipment, said Tuesday that its third-quarter net income fell 15 percent, in part because it set aside money for an anticipated settlement related to some government contracts.
BERLIN-- German Chancellor Angela Merkel on Tuesday defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to overhaul and speed up the transition plan.
WASHINGTON-- U.S. industrial production increased only modestly in September, held back by weak growth in factory output. That followed a 1.4 percent decline in August, which partly reflected precautionary shutdowns before Hurricane Isaac hit the Gulf Coast.
EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy will become an independent oil exploration and production company focused on the U.S., Canada and Malaysia.
HELSINKI-- Nokia Corp. is expected on Thursday to report a plunge in sales and further loss of market share as investors await next week's launch of Microsoft's Windows Phone software 8, which the struggling company has called an "important catalyst" for its ailing smartphone devices.
NEW YORK-- Goldman Sachs turned in third-quarter earnings Tuesday that easily beat analysts' estimates, but the bank's mood seemed more cautious than celebratory. Trading for clients in mortgages also propelled Goldman's results higher, echoing what Wells Fargo and JPMorgan Chase reported last week as mortgage refinancing surged.
DAYTONA BEACH, Fla.-- Insurance broker Brown& Brown Inc. said Tuesday its third-quarter net income rose 12 percent, boosted by a jump in commissions and fees. Brown& Brown said its retail division continued to grow, which could mean that economic conditions are improving for its clients. Brown& Brown shares rose 5 cents to $26.35 in premarket trading.
The silver and wood-framed memento was given by President John F. Kennedy to Secretary of Defense Robert McNamara to mark the October 1962 Cuban missile crisis. Sotheby's is opening the collection for public viewing on Tuesday, and the auction is scheduled for Oct. 23.
After the estimated number of Mexicans visiting the city nearly doubled in six years, tourism arm NYC& Co. is ramping up its presence in Mexico City, part of its series of far-flung tourism offices. "We want to be visible and make sure we're top of mind" to Mexican travelers, NYC& Co. chief executive George Fertitta said.
MEXICO CITY-- Police raided three teachers colleges on Monday in the western state of Michoacan, where dozens of students had been hijacking buses and delivery trucks for a week to protest curriculum changes. Ten police officers were injured, three seriously, the Michoacan state government reported.
SANTIAGO, Chile-- Chilean police on Monday clashed with hooded vandals who infiltrated a protest by Mapuche Indians demanding land rights and autonomy. The rally was timed to protest a national holiday for " Dia de La Raza," which celebrates the first encounter by Native Americans and Europeans during Christopher Columbus' arrival to America.
NASHVILLE, Tenn.-- A federal judge on Monday dismissed a case filed by two black men who claimed ABC's "The Bachelor" and "The Bachelorette" discriminated against casting participants of color.
The Hollywood Foreign Press Association, Dick Clark Productions and NBC announced Monday that the pair of "30 Rock" and " Parks and Recreation" stars have signed on to host the 70th annual Golden Globes ceremony after British comedian Ricky Gervais' three-year reign as the show's acerbic emcee.