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Top News & Analysis Washington DC

  • SAN FRANCISCO-- California has set a state record for gasoline prices _ but the hikes may be slowing. The highest average price in the state, at $4.75, is in the San Luis Obispo, Atascadero and Paso Robles area.

  • *De Guindos denies Spain's forecasts are too optimistic. LUXEMBOURG, Oct 9- The euro zone believes Spain's budget cuts should take account of its recession, its economy minister said, as regional policymakers debated whether to let the country slacken the pace of its austerity drive.

  • SAN FRANCISCO-- Exactly one month from Election Day, Republican Mitt Romney and President Barack Obama are both declaring they will win a race for the White House that remains anything but clear. Their trails are crossing again in Ohio, the state that could decide the election, and signs of urgency are emerging from each campaign.

  • NEW DELHI, Oct 9- The steps Europe has taken to cure its economic ills will take years to bear fruit and it will be a long time before the continent returns as a major driver of economic growth, U.S. "Europe has a very hard road ahead of them," Geithner told a meeting with business leaders during a visit to New Delhi.

  • WASHINGTON, Oct 9- U.S. small business sentiment weakened in September for the fourth time in five months as fewer owners expected to add staff and make capital investments. The National Federation of Independent Business said on Tuesday its optimism index fell 0.1 point to 92.8 last month.

  • CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • NEW DELHI, Oct 9- U.S. Treasury Secretary Timothy Geithner said on Tuesday he was "relatively confident" that Washington can manage its fiscal challenges.

  • Regulatory uncertainty and policy gridlock have battered foreign corporate investment towards India over the past year, adding to dramatic slowdown in growth.

  • BEIJING/ HONG KONG, Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • SAN FRANCISCO-- State leaders _ and drivers _ hope to see gasoline prices drop soon, now that California officials have approved the release of "winter-blend" fuel that is expected to help bolster the state's supplies. Jerry Brown ordered it to allow so-called "winter-blend" gasoline to be sold in California earlier than usual to increase supply.

  • *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.

  • 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.

  • 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.

  • Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.

  • Financial Times Headlines INVESTOR OPPOSITION TO BAE DEAL MOUNTS- OSBORNE DELIGHTS TORY RIGHT WITH SPEECH- IRAQ SEND CRUDE OIL TO SYRIA- RECKITT ADMITS CHIEF SHARE PLEDGE BREACH- BP'S PARTNER IN TNK-BP LOOKS TO SELL STAKE- TOTAL WARNS OVER' INACCURATE' BENCHMARKS- FINANCIAL STALWARTS LINE UP TO LEAD BOE- EURO ZONE LAUNCHES 500 BLN EURO RESCUE FUND- STANCHART TARGETS SUB-SAHARAN PUSH- Overview INVESTOR OPPOSITION TO BAE DEAL MOUNTS.

  • WSJ: Earnings Season Less Likely to Influence Market

    CNBC's John Harwood reports Mitt Romney is attacking President Obama's foreign policies; and Michael Ozanian, Forbes Magazine, and Dan Greenhaus, BTIG, share their opinions on whether investors should care about an earnings drop in Q3.

  • The ruling by the Appellate Division of the state Supreme Court reversed a lower court's 2011 dismissal of victim Daniel Williams' complaint, which accused Ohio gun maker Hi-Point and distributor MKS Supply Inc. of Ohio of intentionally supplying handguns to irresponsible dealers because they profited from sales to the criminal gun market.

  • WASHINGTON-- A private rocket successfully sent a capsule full of cargo zipping toward the International Space Station in a first of its kind delivery for NASA, but couldn't deliver on job No. 2: putting a commercial satellite into the correct orbit. It is the first of a dozen supply runs under a mega-contract with NASA.

  • *US, Canada growth both seen around 2 pct in 2012, 2013. WASHINGTON, Oct 8- The United States will continue to notch modest growth of around 2 percent growth this year and next but must avoid a year-end' fiscal cliff' of tax hikes and spending cuts that would tip it back into recession, the IMF said on Monday.