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Top News & Analysis United States

  • WASHINGTON/ HONG KONG, Oct 8- China's top telecoms gear makers should be shut out of the U.S. market as potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday.

  • 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.

  • Oct 8- Gannett Co Inc and Dish Network Corp have agreed to extend their negotiation deadline by several hours to reach a deal over fees that involve the satellite TV provider's controversial digital video recorder. "In order to provide additional time to reach a deal, both sides have agreed to extend the deadline by several hours," Gannett said in a statement.

  • "Invesco believes BAE is a strong business with distinctive positions in the global defence market, especially in the U.S. and UK, and good stand-alone prospects," it said, adding that it had, on and off, owned shares in BAE for over 20 years.

  • 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.

  • BEIJING, Oct 8- China's foreign ministry said on Monday that Chinese telecoms companies operate according to market rules, urging the United States to "set aside prejudices" when it came to Huawei Technologies Co Ltd and ZTE Corp.

  • LONDON, Oct 5- Investors staring squarely at the U.S. fiscal cliff may well be ignoring a bigger monetary policy pitfall. But with such an agreement as dependent on the makeup of the House and Senate as the occupier of the White House, this budgetary uncertainty has been parked in "watch, wait and see" mode "until the election outcome becomes clearer.

  • LONDON Oct 8- Britain's top share index fell early on Monday, exhibiting weakness after gains in the previous session and overnight falls in Asia, with some caution building among investors ahead of the start of the new earnings season.

  • 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.

  • *World Bank says China economic slowdown could get worse. SINGAPORE, Oct 8- Brent crude slipped below $111 per barrel on Monday, dropping for a second straight session on concern that a fragile global economy could curb oil demand, but supply worries stemming from tension in the Middle East may help check losses.

  • LONDON, Oct 8- The largest shareholder in BAE. "Invesco has, on and off, owned shares in BAE for over twenty years," it said in a statement. "Invesco believes BAE is a strong business with distinctive positions in the global defence market, especially in the U.S. and UK, and good stand-alone prospects.

  • 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.

  • *Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.

  • ZURICH, Oct 8- Swiss private bank Julius Baer. has priced its rights issue at 24.20 Swiss francs per share, raising 492 million francs as it seeks to finance its purchase of part of Bank of America Merrill Lynch's wealth management business.

  • Oct 8- The following are the top stories on the New York Times business pages on Monday. *The recall of 268,000 CR-V crossovers in the United States announced on Saturday was Honda Motor's third recall for the week.

  • WASHINGTON/ HONG KONG, Oct 8- China's top telecoms gear makers should be shut out of the U.S. market because potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released later on Monday.

  • *Britain's FTSE 100 index is set to open 29 to 32 points lower, or around 0.6 percent, on Monday, according to financial bookmakers. *Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.

  • ended slightly lower on Friday, breaking a four-session winning run, while the MSCI broad index of Asia Pacific shares outside Japan. on Tuesday, and after the World Bank cut its economic growth forecasts for the East Asia and Pacific region, warning about risks the slowdown in China could get worse and last longer than expected.

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.