INDIANAPOLIS— Drugmaker Eli Lilly and Co. said its potential psoriasis treatment fared better than both a fake drug and a competitor's product during late-stage testing on patients with the most common form of the skin disease.» Read More
Benchmark crude for November delivery tumbled $1.51, or 1.7 percent, to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.
BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.
Jerry Brown is taking action in an effort to drive down the cost of gasoline as California drivers cope with record-breaking prices at the pump. Due to a temporary reduction in supply, California gas prices in recent days have surpassed those in Hawaii to become the highest in the nation.
McLEAN, Va.-- Dish Network Corp. and Gannett Co. say they've agreed to extend a deadline by several hours as their talks continue in a dispute over fees involving access by more than 2 million Dish subscribers to Gannett's TV stations in 19 cities.
INDIANAPOLIS-- Devastating spring freezes and a historic drought have stripped some charm from rustic fall destinations, leaving some corn too short to create mazes, orchards virtually devoid of apples and fall colors muted.
DUBAI, United Arab Emirates-- Rapidly expanding Gulf carrier Etihad Airways has agreed to jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance, the airlines said Monday.
LUXEMBOURG-- EU finance ministers are in Luxembourg to take stock of the debt crisis before a summit of EU leaders later this month. The 17 eurozone ministers will look Monday at Greece's budget proposals.
BERLIN-- Exports from Germany, Europe's biggest economy, rose unexpectedly in August compared with the previous month but industrial production was a bit lower, official data showed Monday.
Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.
NEW YORK-- PARTNERSHIP: Wal-Mart Stores Inc. and American Express Co. are rolling out a prepaid card that they say offers checking and debit services designed to help customers manage and control their everyday finances. BEHIND THE NEWS: The move comes as American Express is looking for new ways to expand its customer base beyond its wealthy clientele.
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.
SUSSEX, Wis.-- Quad/Graphics says it has agreed to a new deal worth more than $900 million to print the majority of publisher Time Inc.' s magazines. Time Inc. is a division of Time Warner Inc., based in New York. Shares of Quad/Graphics added 45 cents, or 2.4 percent, to $18.95 in afternoon trading.
AMES, Iowa-- Shares of Renewable Energy Group Inc. plunged in trading Friday after the biodiesel producer said it expects to post a loss for its fiscal third quarter. As a result, it expects to report an adjusted loss of $2 million to $7 million before interest, taxes, depreciation and amortization.
PARIS-- A major Edward Hopper retrospective in Paris reveals that the 20th century painter famed for his rendering of American life drew inspiration from France.
JOHANNESBURG-- The National Union of Mineworkers accused Anglo American Platinum Monday of "racism" as the impasse between striking miners and the world's top platinum producer escalated.
MORGANTOWN, W.Va.-- Republican Senate candidate John Raese filled in wetlands and damaged more than 2 miles of streams when he rerouted them to create waterfalls on a private, 18- hole West Virginia golf course that federal regulators say he built without the required permits.
SEATTLE-- The computers Alaska Airlines uses to check in passengers stopped working at 7:40 a.m. Monday, causing long lines of frustrated passengers who were unable to board flights that were delayed. Alaska Airlines President and CEO Brad Tilden said there might be a partial solution by noon Pacific time and a full resolution by 5 p.m..
BEDFORD, Mass.-- Progress Software Corp. said Monday that Jay Bhatt, its president, CEO and board member, is resigning to lead another software firm. Progress shares fell $2.81, or 13.1 percent, to $18.67 by midday, with more than three times the typical number of shares changing hands.
CAIRO-- Egypt's central bank says the country's net foreign reserves have dropped again in September, despite a boost from Qatar. The London- based Capital Economics research and consultancy firm says Egypt's "dangerously low" reserves level means the nation of 82 million people does not have enough to cover three months' worth of imports.