Investors looked warily at forecasts for poor U.S. corporate earnings and weaker growth in Asia and decided there wasn't much reason to buy stocks. Companies in the S&P 500 index are expected to post an overall decline in profits for the first time in 11 quarters, according to FactSet.
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.
LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.
DUBLIN, Oct 8- The Irish central bank on Monday announced the names of six lenders under investigation over mis-selling payment protection insurance and said it was considering enforcement action against them.
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."
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.
LONDON, Oct 8- Aer Lingus Group PLC:. *Aer Lingus statement regarding pension discussions. *Continues to be engaged in the lrc process in order to find an appropriate.
Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.
BIRMINGHAM, England, Oct 8- Britain is prepared to explore the possibility of France and Germany both having equal, single-digit stakes in any merger between defence firms EADS and BAE Systems, Defence Secretary Philip Hammond said on Monday. "I think if we were at that position it would be possible to construct something.
FRANKFURT, Oct 8- Germany's markets regulator signalled support for the proposals of an EU advisory group led by Bank of Finland Governor Erkki Liikanen, which called last week for banks' deposit-taking business to be legally separated from higher-risk activities.
LONDON, Oct 8- A UBS trader raised the issue of a "slush account" in an electronic chat with Kweku Adoboli months before he was arrested over allegations he lost the Swiss bank $2.3 billion, a London court heard on Monday.
*FTSE 100 index finishes 0.5 percent lower. *Charts signal FTSE's uptrend intact. were down 0.4 percent after the World Bank cut its growth forecasts for China and as investors prepared for third-quarter earnings, which kick off on Tuesday in the United States with results from aluminium company Alcoa.
LONDON, Oct 8- British surgeons removed a teenager's stomach to save her life after she drank a cocktail made with liquid nitrogen during a night out with friends, police said.
NEW YORK-- Shares of Vringo, which buys and licenses patents, jumped more than 16 percent in heavy trading Monday, after the company said it filed a patent infringement lawsuit against ZTE Corp.' s U.K. subsidiary.
*World Bank says China economic slowdown may worsen. NEW YORK, Oct 8- Oil prices eased on Monday on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.
LONDON, Oct 8- Sanofi Pasteur MSD, the vaccine joint venture of Sanofi and Merck& Co, has recalled some batches of its typhoid vaccine because of concerns about effectiveness, Britain's drug regulator said on Monday.
LONDON-- He's taken heat for talking about moving from France to Belgium to avoid high taxes _ and now he's raising eyebrows with an honor from the British Queen. Bernard Arnault, the luxury goods chief who is France's wealthiest man, is set to receive an honorary knighthood in Britain.
LONDON/ PARIS, Oct 8- Britain, France and Germany pushed on with talks on Monday aiming to prevent a disagreement over state shareholdings wrecking a proposed merger of EADS. Plans by Airbus parent EADS and UK arms firm BAE Systems to create the world's largest aerospace and defence company must overcome a knot of political concerns over security and jobs.
*World Bank downgrade to Asia forecasts hits stock markets* Several traders favour buying on dip vs selling on rally* Investors brace for weak Q3 European earnings season By Sudip Kar-Gupta.
U.S. stocks declined after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits on the cusp of the quarterly earnings season.