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  • Feds: Man at LA airport had weapons, smoke grenade Wednesday, 10 Oct 2012 | 9:59 AM ET

    LOS ANGELES-- A man arrested at Los Angeles International Airport wearing a bulletproof vest and flame-resistant pants is not cooperating with federal officials working to discover why he was headed to Boston with a suitcase full of weapons, authorities say.

  • BRIEF - Moody's cuts KODAP rating to B3 Wednesday, 10 Oct 2012 | 9:59 AM ET

    Oct 10- Moody's cuts Cyprus Organisation for the Storage and Management of Oil Stocks rating to B3 from B1; outlook negative.

  • *Jonathan proposes $31.35 bln budget, 5 pct spending rise* Lawmakers want to inflate oil benchmark to $80/ barrel* Deficit falls 2.17 pct in proposal, assumes 6.5 pct growth By Camillus Eboh.

  • Vestas laying off 75 more workers in Colorado Wednesday, 10 Oct 2012 | 9:57 AM ET

    DENVER-- Wind turbine manufacturer Vestas Wind Systems is laying off 75 workers at its blade factory in Brighton, Colo.. The announcement on Tuesday comes after the company cut 30 jobs in Brighton and 90 at its tower factory in Pueblo.

  • NJ's Homestead credit deadline extended Wednesday, 10 Oct 2012 | 9:57 AM ET

    TRENTON, N.J.-- New Jersey homeowners will have more time to apply for property tax credits, but they'll get them later than originally planned. The state on Tuesday announced that it would extend the deadline for applying for Homestead credits to Dec. 14 from Oct. 19. The Treasury Department says the change will allow more people to apply.

  • RLPC-Triton gets renewed interest in Ruetgers - sources Wednesday, 10 Oct 2012 | 9:57 AM ET

    By Isabell Witt and Claire Ruckin. LONDON, Oct 10- Nordic private equity firm Triton's plan to take a dividend out of its German chemicals firm Ruetgers has been put on hold after renewed interest from trade buyers, banking sources said on Wednesday.

  • The end of merger talks between EADS and BAE Systems has proven profitable news for the hedge funds and arbitrage traders using a so-called "Chinese spread". Most have held their long positions, and put on an arbitrage trade using their original longs in the first place, "a Paris- based arbitrage trader said.

  • *Bofa reinstates coverage on Ericsson with underperform rating;. *Bofa reinstates coverage on Alcatel Lucent SA with underperform. *Bofa reinstates coverage on Nokia Oyj with underperform rating;.

  • *Cbank now sees GDP shrinking 1.5 pct- vice governor. *Expects rebound with 3 percent growth in 2013. BELGRADE, Oct 10- Serbia's ailing economy will shrink faster than previously thought this year, weighed down by poor harvests caused by a long drought, the vice governor of its central bank said on Wednesday.

  • Vague state policies frustrate Egypt business leaders Wednesday, 10 Oct 2012 | 9:56 AM ET

    By Shaimaa Fayed and Asma Alsharif. CAIRO, Oct 10- Business leaders voiced frustration with Egypt's government at an investment conference in Cairo this week, where officials pledged to revive an economy battered by political turmoil but offered few details on policy.

  • Romney promises no abortion legislation Wednesday, 10 Oct 2012 | 9:56 AM ET

    DES MOINES, Iowa-- Wading into an explosive social issue, Republican Mitt Romney on Tuesday said he would not pursue any abortion-related legislation if elected president. "There's no legislation with regards to abortion that I'm familiar with that would become part of my agenda," he told the Des Moines Register in an interview posted on the newspaper's website.

  • *Looming risk to safe-haven flows to U.S., Japan* IMF tone in contrast to more upbeat mood in Europe* IMF says global financial confidence "very fragile".

  • Fannie Mae sells $2.0 bln bills at mixed rates Wednesday, 10 Oct 2012 | 9:55 AM ET

    Oct 10- Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2 billion of benchmark bills at mixed interest rates compared with last week's sale of similar maturities.

  • California gas prices finally begin to fall Wednesday, 10 Oct 2012 | 9:54 AM ET

    LOS ANGELES-- California gas prices finally have begun to fall after a month that saw them surging by nearly 50 cents a gallon _ but a continuing refinery shutdown may keep supplies short. The AAA Daily Fuel Gauge Report says the average price of regular Wednesday is less than $4.67 a gallon, down a half-cent from Tuesday.

  • LONDON, Oct 10- Brent crude oil eased towards $114 a barrel but stayed close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • AP skips W.Va. debate due to media restrictions Wednesday, 10 Oct 2012 | 9:52 AM ET

    CHARLESTON, W.Va.-- The Associated Press decided not to cover the West Virginia gubernatorial debate Tuesday because of restrictions placed on media coverage by its organizers.

  • RIYADH, Oct 10- Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 12.9- percent drop in its third-quarter net profit that missed analysts forecasts, it said in a bourse statement on Wednesday.

  • Beach Boys' Wilson: Band dustup 'bummed me out' Wednesday, 10 Oct 2012 | 9:50 AM ET

    LOS ANGELES-- Brian Wilson says he felt blindsided by a news release from his Beach Boys band mate Mike Love that ended the good vibrations on the band's 50th anniversary tour. Wilson answered Mike Love's recent explanation in The Los Angeles Times with a response in the newspaper Tuesday.

  • COMPANIES Fastenal Q3 2012 Safeway Inc. Q3 2012 MACRO DATA 0600 DE CPI 0645 FR HICP 1230 US Import/Export Prices 1230 US Initial Claims Reuters messaging rm:// atul.prakash.thomsonreuters.com@reuters.net.

  • Oct 10- Roche Holding AG's experimental drug gantenerumab and Eli Lilly& Co's solanezumab have been chosen to be tested in a high-profile global Alzheimer's disease prevention trial, and a second Lilly medicine is being considered for potential inclusion in the study, Washington University said on Wednesday.