FAIRBANKS, Alaska— The effort to truck North Slope natural gas to the Fairbanks area for home heating and electricity generation is closer to fruition.» Read More
MADRID, Oct 23- The Spanish subsidiary of Mexico's top cement maker Cemex mulls cutting about one-fifth of its workforce in Spain, a trade union official told Reuters on Tuesday.
December crude fell $1.98, or 2.23 percent, to settle at $86.67 a barrel, having traded from $85.69 to $89.29.
*Boeing to meet airlines on large-jet needs. Jean-Marc Ayrault, who has just returned from Singapore and Philippines to help drum up business for French companies, told Airbus workers his trip had highlighted the importance of remaining competitive on world export markets.
NEW YORK, Oct 23- A panel of judges on Thursday will hear arguments that U.S. prosecutors should not have been able to play dozens of FBI wiretaps at the criminal trial of hedge fund tycoon Raj Rajaratnam, a closely watched appeal in one of the biggest insider-trading cases in a generation.
BRUSSELS, Oct 23- European Union countries will examine a plan this week to allow the ECB to supervise banks in states outside the euro zone alongside those within the currency area, according to an EU document that lays down limits on the central bank's role.
*Spanish debt yields rise as Moody's downgrades 5 regions. NEW YORK, Oct 23- The euro tumbled against the yen and hit a one-week low versus the dollar on Tuesday as concerns about a global economic slowdown and a spike in Spain's borrowing costs spurred broad-based risk aversion.
NEW YORK- Global shares slide more than 1 percent and the euro falls as a slew of weak U.S. corporate earnings results and credit rating downgrades of several indebted regions of Spain triggered a new round of fears over the global economy (MARKETS-GLOBAL/, moving shortly, by Angela Moon, 1,050 words).
*DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont lowered its earnings forecast, announced 1,500 job cuts and posted lower-than-expected profit, helping push equities, oil and other commodities lower.
*DuPont drops sharply on results, UTX modestly lower. *Apple pares losses after new iPad launch. Multinationals including DuPont and United Technologies fell short of Wall Street's revenue expectations, amplifying worries about the health of the global economy.
SILVER SPRING, Md.-- United Therapeutics Corp. said Tuesday that the U.S. Food and Drug Administration declined its application for an extended-release tablet version of its pulmonary arterial hypertension drug treprostinil.
The Dow Jones industrial average posted its biggest point drop since June, shedding about 220 points, as large multinational companies including Dupont and United Technologies reported disappointing profits and earnings outlook.
NEWARK, N.J.-- IDT Corp., which provides telecommunications and financial services through its IDT Telecom unit, said Tuesday that it will suspend its quarterly dividend for a year and instead pay a special dividend, because of uncertainty over the federal tax treatment of dividends.
*Google, Amazon helped force its hand- analysts.
Oct 22- Nissan Motor Co is recalling 13,919 of its top-selling Altima sedans in the United States because bolts that may not have been tightened properly during production could fall off, increasing the risk of a crash, according to U.S. safety regulators.
DOVER, Del.-- A Delaware judge is overruling government objections and approving a bankruptcy exit plan for failed solar power company Solyndra LLC. Under the plan approved Monday, the Department of Energy stands to recover little if any of a $528 million loan to Solyndra from the Obama administration.
*Gazprom's exports to Europe set to fall this year. BOVANENKOVO/NOVO-OGARYOVO, Russia, Oct 23- P resident Vladimir Putin ordered a rethink of Russia's natural gas export policy to take advantage of rising Asian demand, as giant producer Gazprom launched a huge Arctic field to supply Europe, where demand is falling.
GAZA- The Emir of Qatar embraced the Hamas leadership of Gaza on Tuesday with an official visit that broke the isolation of the Palestinian Islamist movement, to the dismay of Israel and rival, Western-backed Palestinian leaders.
BUENOS AIRES, Argentina-- Argentina's Merval stock market index dropped Tuesday after the government announced new economic controls, including a mandate that insurance companies sharply increase their investing inside Argentina.
ST. LOUIS-- Shares of Panera Bread rose 5 percent in aftermarket trading on Tuesday after the company reported third-quarter net income rose 27 percent on strong demand for its soups and sandwiches. Net income rose to $36.5 million, or $1.24 per share. For the fourth quarter, the company now expects earnings of $1.72 to $1.74 per share, up from $1.66 to $1.70 per share.
MIDLAND, Mich.-- The Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan aimed at coping with slowing economic growth in Europe and elsewhere.