HONG KONG, Dec 29- The additional spread that investors demand for credit risk over AAA-rated corporate borrowers in China is at the highest in nearly 15 months as the world's second-largest economy cools and authorities ask banks to curb bad debts. The spread gap between the one-year yield on AAA-rated bonds and those rated AA has widened to 112.4 basis points,...» Read More
NEW YORK-- A Cowen and Co. analyst said Monday that Cerus Corp., which makes devices that are used to clean donated blood, should report strong revenue growth as sales of its Intercept system increase.
NEW YORK-- Supermarket chains like Safeway and Roundy's could have even more reason to fear Wal-Mart. As of the end of July, Wal-Mart had 10 "Express" stores and had ramped up its "Neighborhood Market" concept to 217 locations, said Citi Investment Research analyst Deborah Weinswig.
JET-SETTING: Rapidly expanding Gulf carrier Etihad Airways will jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance. The Air France-KLM deal could prove significant in that it shows a willingness by the company to work with a Gulf rival.
PORTLAND, Maine-- Maine has always been proud of the commodities it claims as homegrown, among them Stephen King, L.L. Bean, lobster, and a host of political icons including Edmund Muskie, George Mitchell and Olympia Snowe. Independent Angus King hails from Alexandria, Va., attended Dartmouth College and moved to Maine, where he has settled in Brunswick.
NEW YORK-- Benchmark Research believes the sell-off last week of shares in firearms manufacturers was overdone, and reiterated a buy recommendation on the stocks of the biggest producers.
NetSpend and Green Dot, which sells many of its cards at Walmart stores, tumbled Monday after Wal-Mart Stores Inc. announced it would offer its own prepaid card with credit card issuer American Express Co. With its shares falling, Green Dot replied with a statement saying it supported Wal-Mart's efforts to offer more financial products to more customers.
RALEIGH, N.C.-- North Carolina will reap almost $16 million from a national Medicaid fraud settlement involving Abbott Laboratories.
OUTLOOK DIMS: The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." THE NUMBERS: The bank cut this year's growth outlook for developing Asia-Pacific economies to 7.2 percent, down from its May forecast of 7.6 percent.
NEW YORK-- CBS Corp. said Monday that it is buying a New York radio station for $75 million so that it can relay a popular AM sports radio feed on the FM dial. It would become the 127th radio station that CBS operates in 28 markets nationwide.
The World Bank cut its growth forecast for Asia Monday and said that China's economy could continue to cool. The officials are expected to discuss Greece, Spain and other matters related to Europe's debt crisis. The dollar fell to 78.34 Japanese yen from 78.69 yen and to 97.66 Canadian cents from 97.90 Canadian cents.
NEW YORK-- When Elie Wiesel emerged from quintuple heart bypass surgery, still wired to monitors, he immediately started writing a book about the ordeal _ "in my head."
Recent changes at Wet Seal Inc. will vastly improve the board and could change the direction of the struggling retailer's business, a B. Riley& Co. analyst said.
NEW YORK-- British television productions received a leading seven International Emmy nominations Monday, including best actor and actress nods for Jason Isaacs in "Case Histories" and newcomer Joanna Vanderham in "The Runaway."
NEW YORK-- Top draft pick Anthony Davis and former No. 1 choices LeBron James and Dwight Howard are featured in a program detailing life as an NBA rookie. Kobe Bryant, Kevin Durant, Clippers teammates Chris Paul and Blake Griffin, and a number of other top players are included in " My Life as an NBA Rookie," debuting Oct. 29 on Disney XD.
Detailed results were revealed for the first time Monday at an American Neurological Association conference in Boston. "It's certainly not the home run we all wanted, but we're very encouraged by these results," said Maria Carillo, chief science officer for the Alzheimer's Association, which had no role in the research.
TEHRAN, Iran-- The plunge of Iran's currency appears to be slowing as the rial is holding at its rebound level for the third straight day. Iran's rial lost nearly 40 percent of its value against the U.S. dollar in a week last Tuesday, when it reached 35,500 rials to the dollar.
LONDON-- A Russian man has claimed responsibility for scrawling graffiti on a mural by modern American master Mark Rothko at London's Tate Modern museum, saying Monday he never intended to decrease the work's value. The defaced painting was one of a series intended to decorate the Four Seasons restaurant in New York.
WICHITA, Kan.-- Machinists at the Bombardier Learjet plant walked the picket line early Monday, while the Wichita, Kan.- based company said it will continue operations during the strike. Traffic at the only gate open for non-striking employees was backed up for more than three miles Monday morning as picketers briefly stopped cars that were attempting to enter.