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.
BRUSSELS, Oct 9- The euro zone should have its own budget, which would be separate from the long-term budget of the wider European Union, draft conclusions of an EU summit to take place next week said. The Multiannual Financial Framework is the European Union's long-term budget which amounts to around 1 percent of the gross domestic product of the 27- nation bloc.
LONDON, Oct 9- Royal Bank of Scotland will offer at least 30 percent of shares in its insurance business Direct Line at a price of between 170 pence and 177.5 pence per share, sources close to the transaction told Reuters on Tuesday.
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.
Oct 9- Green Mountain Coffee Roasters Inc. The deal, which complements similar ones with Starbucks, Dunkin' Brands Group Inc and Caribou Coffee Co, comes as Green Mountain is working to fend off competition from lower-cost rivals, including private-label manufacturers.
Oct 9- Genesis Energy LP:. *L.p. announces changes in ownership and board of directors. *Davison family led investor group acquired 2.2 million class a units, 34,998 class b units in private placement.
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.
*Recalls classic wood highchairs due to fall Hazard. *U.S. cpsc- recalls about 86,000 units in the United States and 3,400 units. *U.S. cpsc- Graco received 58 reports of high chairs' seats loosening or.
BRUSSELS, Oct 9- The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
October 9- Following are terms and conditions. of a bond priced on Tuesday.
Oct 9- Continental Resources Inc, the top oil producer in the Bakken region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
*Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France. PARIS/ LONDON, Oct 9- France and Britain made a breakthrough over state shares in a merger between EADS and BAE Systems, making an extension of a deadline for negotiations more likely but putting the two nations on a collision course with Germany.
CAIRO, Oct 9- Egypt's new government is studying ways to develop the mobile telecoms sector, including the idea of issuing a licence for a fourth operator, though a decision will not be taken until the first quarter of 2013, the telecoms minister said on Tuesday.
KABUL, Oct 8- Inhaling deeply on a cigarette, Laila Haidari sits on the floor of a new Kabul restaurant wondering if it will one day allow her to repay an eye-watering $26,000 borrowed from friends to launch a daring project to aid Afghan drug addicts.
Oct 9- Carfinco Financial Group Inc:. Carfinco Financial Group Inc. announces that a cash dividend of 4.0 cents per share has been declared for October 2012, an increase of 14.3% from September's cash dividend of 3.5 cents per share. The payable date is October 31, 2012, the record date is October 19, 2012, and the ex-distribution date is October 17, 2012.
VIENNA, Oct 9- Vienna's stock exchange said on Tuesday it feared losing even more trade as a result of a tax on financial transactions set to be introduced in Austria and some other euro zone countries.
RIGA, Oct 9- Latvia's prime minister urged parliament members on Tuesday to support next year's deficit-cutting budget despite tensions in the centre-right coalition over demands for additional spending.