Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.
Oct 9- Julius Baer Group:. international wealth management business of Bank of America Merrill Lynch. outside the United States and Japan.
*Lawmakers call for stronger FDA role. *Supreme Court may have to settle legal questions. Democratic lawmakers said the new crisis showed it was time for Congress to strengthen the FDA's hand in overseeing this side of the drug industry.
*Launch now targeted for 1:15 p.m. EDT ( 1715 GMT. Oct 9- A n Austrian daredevil made last-minute preparations on Tuesday for a death-defying s kydive from a balloon 23 miles over the New Mexico desert af ter delays due to winds earlier in the day.
Oct. 9- Standard& Poor's Ratings Services said in an article just published on RatingsDirect that it is reducing the required timeframe for when it provides a credit estimate after a transaction closes in the Americas and Asia-Pacific regions.
NEW YORK-- MetLife rolled out an asset management business focused on real estate and private-placement debt, hoping to draw yield-starved institutional investors to areas where it already has considerable experience.
LONDON, Oct 9- Bank of America Merrill Lynch. named a long-standing capital markets specialist, Rupert Hume-Kendall, as chairman of its corporate and investment banking business in Europe, after a revamp of the division's management.
NEW YORK-- The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. Benchmark crude gained $3.06, or 3.4 percent, to finish at $92.39 a barrel in New York. There is also concern that tensions between Turkey and Syria could escalate and disrupt supplies from the Middle East.
In its latest forecast, the International Monetary Fund says that the global economy is weakening and will grow more slowly in the next year. The euro fell to $1.2878 in afternoon trading from $1.2967 late Monday. The dollar rose to 0.9395 Swiss franc from 0.9330 Swiss franc and to 97.84 Canadian cents from 97.66 Canadian cents.
NEW YORK, Oct 9- The New York Stock Exchange said it was looking into why at least 10 U.S.-traded securities saw their shares jump or dive suddenly without any news on Tuesday, only to resume their original trading pattern.
NEW YORK-- Shares of RadioShack Corp. jumped nearly 9 percent Tuesday after a Wall Street analyst boosted her rating for the electronics retailer's stock to "Buy," saying that most of the risks surrounding the shares have already been factored into their price.
WASHINGTON, Oct 9- A reduction in natural gas exports from Iran would not have a significant impact on world energy markets, but could affect Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.
CINCINNATI, Oct 9- Procter& Gamble Co's CEO stood behind the company's plan for increasing profit and sales at a drama-free annual meeting notable for the absence of William Ackman, the activist investor who has pushed hard for change in recent months at the world's largest maker of household products.
SKILLMAN, N.J.-- Matrixx Initiatives boosted its offer for Cold-EEZE maker ProPhase Labs to approximately $23.7 million. ProPhase Labs Inc. currently has about 14.8 million outstanding shares, according to FactSet.
ROCKFORD, Mich.-- Wolverine Worldwide Inc. and two private investment firms said Tuesday that they have completed their roughly $2 billion acquisition of the Collective Brands Inc., which owns the Payless ShoeSource retail chain and the Sperry Top-Sider, Saucony, Stride Rite and Keds shoe brands.
U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.
November crude was up $2.90 at $92.23 a barrel at 12:20 p.m. EDT, having swung from $89.29 to $92.42.
NEW YORK-- Shares of Questcor Pharmaceuticals Inc., which had lost 60 percent of their value in the last four weeks, recovered some lost ground Tuesday after a Jefferies& Co. analyst upgraded the stock. Amin raised his rating to "Buy" from "Hold" and increased his price target to $28 per share from $24.
NEW YORK-- Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. Wal-Mart's tests started this month in northern Virginia and Philadelphia. Wal-Mart plans to test the service in San Francisco and San Jose, Calif., later this month or in early November.