**ARQULE INC, $2.30, down 53.9 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **GENERAL MOTORS, $23.82, up 3 pct. Hedge fund manager David Einhorn said auto-maker General Motors "is much healthier now," and is getting its product refreshments "right."
LOS ANGELES, Oct 2- Japan's Sumitomo Corp. The photovoltaic solar project is being built by First Solar Inc and has agreements in place to provide power to California utilities Southern California Edison and Pacific Gas& Electric. It is expected to be fully operational by 2015, according to First Solar's website.
*Spain seen requesting bailout, but uncertainty weighs. NEW YORK, Oct 2- The euro rose against the dollar on Tuesday on expectations that a request by Spain for a bailout is imminent, but major stock markets fell on uncertainty of when Madrid will make its request and growing uneasiness over third-quarter earnings.
Oct 2- General Electric Co is calling for a new round of inspections by airlines on its new GEnx engine on Boeing Co aircraft, with a focus on the section of the engine that failed on a 747-8 freighter in Shanghai last month.
Oct 2- Standard& Poor's Ratings Services said today that New York City- based MSCI Inc.' s. announcement that Vanguard will no longer use MSCI's indices does not affect our ratings on MSCI. The loss of the Vanguard business represents approximately $24 million in revenues for MSCI.
Benchmark oil slipped 19 cents to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 36 cents to $111.83 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.
LAS VEGAS, Oct 2- A Nevada judge on Tuesday ruled against dissident Wynn Resorts Ltd shareholder Kazuo Okada's motion for an injunction against a forced redemption of his 20 percent stake in the casino company.
WASHINGTON, Oct 2- The U.S. Supreme Court on Tuesday considered whether the federal government could be liable for money damages by printing confidential credit card information on a customer's receipt, increasing the risk of identity theft.
WASHINGTON, Oct 2- U.S. credit terms to hedge funds and other large investors were largely unchanged in the last three months, with lending conditions easing marginally for real estate-backed bond dealers and managed funds.
FRANKLIN, Tenn.-- Nissan North America Inc. said Tuesday that its September U.S. sales fell 1.1 percent on lower demand for its passenger cars. BY THE NUMBERS: The Japanese automaker sold 91,907 vehicles last month, down from 92,964 in the same month last year. TOP SELLER: Nissan sold 24,488 of its Altima sedan, down 0.4 percent from 24,356 in September 2011.
NEW YORK-- The euro rose against the dollar Tuesday on speculation that Spain is getting closer to asking for financial aid from Europe's bailout fund. A request for aid from Spain would help remove some uncertainty about Europe's debt crisis. The dollar rose to 78.13 Japanese yen from 78.02 yen and to 98.42 Canadian cents from 98.22 Canadian cents.
Oct 2- Boeing Co's engineers and technical workers rejected a pay offer late Monday in a widely expected show of force, setting the stage for talks to resume on Tuesday for labor agreements covering 23,000 workers.
Fitch expects proceeds from the issuance to be combined with existing holding company cash and used for general corporate purposes, including funding a portion of WellPoint's acquisition of Amerigroup Corporation, continuation of the company's share repurchase program and the repayment of existing debt.
NEW YORK-- A Florida mutual fund executive on Tuesday admitted that he lied when he promised investors early shares in companies such as Facebook and Groupon and spent their money instead on a lavish lifestyle that included pricey cars and jewelry.
LONDON, Oct 2- Somalia, hoping to share in East Africa's oil and gas boom, has invited back international oil companies that held exploration licences before civil war broke out two decades ago, an adviser to the government said.
WASHINGTON, Oct 2- A federal judge on Tuesday sentenced Abbott Laboratories Inc to pay $700 million in fines and other costs for illegal marketing of its drug Depakote, in connection with a previously announced settlement, the U.S. Justice Department said. The pharmaceutical maker said in May it would plead guilty to a misdemeanor violation of misbranding.
Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services lowered its corporate credit rating on Memphis- based American Residential Services LLC to' B-' from' B'. At the same time, we lowered our issue-level rating on the company's $165 million senior secured second-lien notes due 2015 to' B-' from' B'.
HOUSTON-- Shares of Genesis Energy LP fell after the oil and gas pipeline and refining company said an offering of 6 million units from its shareholders priced at a 7 percent discount to Monday's closing price. Units closed at $34.56 Monday and were priced at $32.15. Shares fell $1.25, or 3.6 percent, to $33.31 in afternoon trading Tuesday.
NEW YORK, Oct. 2- U.S. retail gasoline demand fell over the past two weeks and continued a downward year-on-year trend, according to the bi-weekly SpendingPulse report from MasterCard released on Tuesday. Gasoline use in the world's top oil consumer dropped 0.9 percent over the two weeks ending Sept. 28, compared with the same period last year, MasterCard said.
Deval Patrick's administration has announced more than $600 million in capital investments in the University of Massachusetts system.