S.KOREA FINANCE MINISTRY CUTS 2014 GDP FORECAST TO 3.7 PCT FROM 4.1 PCT; SEES 2015 GDP GROWTH AT 4.0 PCT.» Read More
OKLAHOMA CITY-- Oklahoma is to receive more than $5 million in federal grants to help fund services for foster children and families. The Oklahoma Department of Human Services is getting $3.2 million to fund a five-year project to provide mental and behavioral health services for children, youth and families.
SAN DIEGO-- Medical device maker CareFusion Corp. said Monday it agreed to buy Intermed Equipamento Medico Hospitalar, a Brazilian respiratory technology company. CareFusion said Intermed designs, makes and sells ventilators and respiratory care devices used in hospitals in Brazil and Latin America.
LITTLE ROCK, Ark.-- In advance of the holiday shopping season, the University of Arkansas at Little Rock is preparing to host a seminar on how to market goods and services online. The one-day seminar is set for Oct. 18 at UALR's Donald W. Reynolds Business Center. Participants will learn how to establish and enhance their online business presence.
NEW HAVEN, Conn.-- Yale University is planning panel discussions involving leading experts on the economy and the election. Yale President Richard C. Levin will moderate.
TAMPA, Fla.-- A private equity investment group has bought The Tampa Tribune newspaper from Media General Inc. for $9.5 million, the newspaper reported Monday.
LOS ANGELES-- The statewide average price for a gallon of regular gasoline in California rose to an all-time high Monday, the third record-setting day in a row that is prompting calls for a federal investigation into the price spike.
MORGANTOWN, W.Va.-- Protea Biosciences says it's started new international distributor partnerships with several companies in Israel, Poland, Spain, Portugal and Turkey. The Morgantown, W.Va.- based company says that reflects its continuing, successful expansion.
NASHVILLE, Tenn.-- Notices are going out in the mail to an estimated 37,000 Tennessee borrowers who may be eligible for payment under a $25 billion national mortgage foreclosure settlement.
VAN NUYS, Calif.-- Electro Rent Corp., which rents and sells computers and other electronic equipment, said Monday that revenue for the fiscal first quarter held steady but net income plunged largely because last year's results included gains from buying another company.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.