Top News & Analysis North America

  • Oct 9- Standard& Poor's Ratings Services said on Tuesday it expected state and local governments in the United States to grow less in 2013 than previously forecast.

  • JEFFERSON CITY, Mo.-- Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office, though it appears only fraction of that has made it to the family's bank accounts, according to an Associated Press analysis.

  • SAN FRANCISCO, Oct 9- U.S. venture capital firms raised $4.98 billion dollars last quarter, the National Venture Capital Association and Thomson Reuters said on Tuesday, accelerating a trend in venture capital where funds are heading to extremes in size. Sequoia Capital raised $950 million last quarter, while GGV Capital raised $524 million.

  • NEW YORK-- The former teen whom Roman Polanski was convicted of having sex with _ leading to one of Hollywood's most notorious scandals and the director's flight from the U.S. _ is writing a memoir. Samantha Geimer, now 47, has a deal with Atria Books for "The Girl: Emerging from the Shadow of Roman Polanski."

  • Drake, Justin Bieber, Maroon 5, One Direction and Usher earned three bids apiece. Carrie Underwood, Chris Brown, fun., Gotye, J. Cole, Katy Perry, Kelly Clarkson, Luke Bryan, and Pitbull are each double nominees. Drake, Bieber, Maroon 5, Katy Perry and Rihanna are also in the running for artist of the year.

  • NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping a string of two lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • TORONTO, Oct 9- Canada's main stock index hit its lowest level in over a week on Tuesday, tracking a fall in world markets, on caution over the upcoming earnings season and prospects for global growth. dropped 2.8 percent to C $39.96, Suncor Energy was down 0.3 percent to C $32.91, and Royal Bank of Canada lost 0.6 percent to C $57.10.

  • Oct 9- RBC Wealth Management, a division of the Royal Bank of Canada, said on Tuesday it added a team of veteran advisers from Morgan Stanley Wealth Management to join its Dallas office.

  • *Congress considering broader sanctions on Iran. WASHINGTON, Oct 9- A reduction in natural gas exports from Iran would not have much impact on world energy markets, but could hurt Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

  • *Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France. PARIS/ LONDON, Oct 9- An Anglo-French breakthrough over state shares in a $45 billion arms merger between EADS and BAE Systems made an extension of a negotiating deadline more likely, but put the two nations on a potential collision course with Germany.

  • DALLAS-- Luxury retailer Neiman Marcus rolled out its annual holiday catalog Tuesday, and the priciest gift this year is a pair of "his and hers" timepieces for just over $1 million from Van Cleef& Arpels.

  • NEW YORK-- The tickers of coal companies occupied the top of the Standard and Poor's 500 index Tuesday, with investors seeing a potential for miners to capitalize on cooler temperatures and higher natural gas prices.

  • CHILLICOTHE, Ohio-- Josh Mandel, the Republican nominee for the U.S. Senate, declines to take a stand on the 2009 bailout of the auto industry and reserves judgment on vice presidential candidate Paul Ryan's plans for Medicare.

  • OAKBROOK TERRACE, Ill.-- Vasco Data Security lowered its full-year revenue forecast Monday due to lower orders from the banking industry. Vasco said that it expects revenue in the range of $150 million to $157 million for 2012. That's down from its forecast of revenue of $175 million or more that it issued in July.

  • Apple: Buy on Today's Dip?

    Shares of Apple are down more than 10 percent from its late September peak. Doug Kass, Seabreeze Partners, says fundamentals play a role in the stock's decline and Apple is "now selling less, or equal, for more money;" and Brian White, Topeka Capital Markets, says Apple's "demand is overwhelming supply."

  • TORONTO, Oct 9- Shares of Research In Motion. Its aging line-up of BlackBerrys has been unable to compete with Apple Inc's iPhone and a slew of devices that run on Google Inc's Android software. Shares of RIM fell 3.5 percent to $7.96 in early trading on the Nasdaq, while its Toronto- listed shares fell 3.4 percent to C $7.77.

  • WASHINGTON-- A top Senate Democrat said Tuesday that tax rates on the wealthy should go up and that tax breaks benefiting the middle class must be preserved.

  • --New York- based alternative asset management company Fortress Investment Group. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services raised its long-term counterparty credit rating on FIG LLC to' BBB' from' BBB-'. Accordingly, we analyze the entire Fortress Investment Group to arrive at our rating on FIG LLC.

  • NEW YORK, Oct 9- Prices of U.S. 30- year Treasury bonds rose 1 point near midday on Tuesday, as growing losses on Wall Street prompted by worries about a slowing global economy fed safe-haven purchases of less risky government debt. The yield on 30- year bonds was last 2.917 percent, down 5 basis points from Friday's close and below its 200- day moving average.

  • The slide comes on the five-year anniversary of record high closes for the Dow and S&P 500. After the closing bell, Alcoa becomes the first major U.S. company to report third-quarter results. Investors expect overall earnings to decline for S&P 500 companies.