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  • Oil prices fall after warning from World Bank Monday, 8 Oct 2012 | 10:09 AM ET

    NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States.

  • Soda industry: Vending machines will show calories Monday, 8 Oct 2012 | 10:08 AM ET

    "They're seeing the writing on the wall and want to say that it's corporate responsibility," said Mike Jacobson, executive director of the Center for Science in the Public Interest, which advocates for food safety and nutrition.

  • EU financial chief 'less pessimistic' now on euro Monday, 8 Oct 2012 | 10:05 AM ET

    LUXEMBOURG-- The European Union's financial affairs chief is "less pessimistic" about the future of the euro than he was earlier this year _ but warned that the region was still a long way to go before the crisis over too much debt is solved. "We have enough challenges in Europe," Rehn said as he entered a meeting of finance ministers from the eurozone.

  • US Ag secretary attends regional drought workshops Monday, 8 Oct 2012 | 9:58 AM ET

    Agriculture Secretary Tom Vilsack plans to attend the first workshop on Tuesday in Omaha, Neb. The other three workshops are being planned in Pueblo, Colo., Pine Bluff, Ark., and an undetermined town in Ohio.

  • Navistar adds 2 with Icahn ties to its board Monday, 8 Oct 2012 | 9:55 AM ET

    LISLE, Ill.-- Heading off a proxy war, heavy truck and engine company Navistar is adding a colleague of activist investor Carl Icahn and a former protege of his to its board. Shares of Navistar added $1.60, or 7.5 percent, to close at $22.81 Monday. Navistar International Corp. said Monday that Mark Rachesky and Vincent Intrieri are now board members.

  • Solar device looks to add outlets to remote spots Monday, 8 Oct 2012 | 9:55 AM ET

    SIOUX FALLS, S.D.-- South Dakota entrepreneur Brian Gramm was tailgating outside a college football game one sunny day when he wondered why he couldn't use that energy to plug in a radio.

  • Weak forecast on Asian economy sends stocks lower Monday, 8 Oct 2012 | 9:39 AM ET

    A weaker forecast of economic growth in Asia is sending stocks lower in early trading on Wall Street. The World Bank on Monday warned of the possibility of a "more pronounced slowdown" in China, the world's second largest economy. It also cut its growth forecast for all of Asia.

  • China uses Bo case as triumph against corruption Monday, 8 Oct 2012 | 9:38 AM ET

    BEIJING-- China is using the case of ousted politician Bo Xilai as a triumphant example of the Communist Party's effort to rein in rampant corruption that threatens its hold on power. Bo was dismissed as party chief of the megacity of Chongqing and his wife was given a suspended death sentence after confessing to the murder.

  • UK business secretary applauds Nigeria oil bill Monday, 8 Oct 2012 | 9:34 AM ET

    LAGOS, Nigeria-- The United Kingdom's business secretary said Monday that a bill to overhaul Nigeria's oil industry should be focused on what helps the West African nation, rather than what benefits the foreign oil companies working there.

  • Decade after Bali, Indonesian terror aims at gov't Monday, 8 Oct 2012 | 9:33 AM ET

    BALI, Indonesia-- Ten years after terrorist attacks at two Bali nightclubs killed more than 200 people, mostly foreign tourists, Indonesia has won international praise for its counterterrorism efforts. "It turns out that the terrorism problem in Indonesia is not finished yet," said Maj.

  • BP sells Texas City refinery to Marathon Petroleum Monday, 8 Oct 2012 | 9:31 AM ET

    NEW YORK-- BP has finally found a buyer for its Texas City refinery, one of the largest and most complex in the U.S. Marathon Petroleum Corp. will pay only $598 million for the refinery itself and other nearby pipelines and fuel terminals. The Texas City refinery has a troubled history.

  • Soda industry: New vending machines show calories Monday, 8 Oct 2012 | 9:30 AM ET

    NEW YORK-- As criticism over sugary sodas intensifies, the beverage industry is rolling new vending machines that display just how many calories are in its drinks. The vending machines will launch in Chicago and San Antonio municipal buildings in 2013 before rolling out nationally.

  • *Greek-managed tanker missing off west Africa Monday, 8 Oct 2012 | 9:27 AM ET
  • *Judy Garland's 'Wizard of Oz' dress up for auction Monday, 8 Oct 2012 | 9:26 AM ET
  • *Nobel literature award to be announced Thursday Monday, 8 Oct 2012 | 9:24 AM ET
  • GM hiring 1,500 for computer center near Detroit Monday, 8 Oct 2012 | 9:24 AM ET

    DETROIT-- General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit. Last month the company announced it would hire 500 people for a center in Austin, Texas. But spokeswoman Julie Huston-Rough said most carmakers strike a balance between doing computer work in the company and hiring outside firms.

  • UnitedHealth plans overseas growth with $4.9B deal Monday, 8 Oct 2012 | 9:13 AM ET

    UnitedHealth Group Inc. will spend about $4.9 billion to buy a majority stake in Brazilian health benefits and care provider Amil Participacoes SA, as the largest U.S. health insurer leaps into an international market it says is primed for growth.

  • *TPC Group gets rival buyout offer from Innospec Monday, 8 Oct 2012 | 9:11 AM ET
  • Skydiver eyes record-breaking jump over NM Monday, 8 Oct 2012 | 8:44 AM ET

    ROSWELL, N.M.-- Experienced skydiver and extreme athlete Felix Baumgartner hopes to take the leap of his life on Tuesday, attempting the highest, fastest free fall in history. Rigged with cameras, the 43- year-old former military parachutist from Austria is scheduled to jump from a balloon-hoisted capsule 23 miles near Roswell on Tuesday morning.

  • A month before vote, 'eclectic' county deliberates Monday, 8 Oct 2012 | 8:42 AM ET

    DOYLESTOWN, Pa.-- When the recession cost Jerry Krone his longtime accounting job several year ago, he turned to his hobby _ making gourmet jam in his Fountainville kitchen. Now he's a fixture at Doylestown's weekly farmers market, selling his lilac jelly and rose petal jam for $4 and $8 a jar.

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