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Top News & Analysis United States

  • *DJ profits key as News Corp splits publishing from entertainment. Lex Fenwick, a long-time Bloomberg LP executive, is making his mark on Dow Jones, the News Corp. He works from a desk in a corner of the seventh floor of News Corp's headquarters in midtown Manhattan, and his conversations- often expletive-laced- can be widely heard.

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • 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.

  • PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.

  • SINGAPORE, Oct 8- The Asian naphtha price was at a two-session low of $957.50 a tonne on Monday on lower Brent crude, while the intermonth premium fell to a two-week low of $11.50 a tonne on muted spot purchases from petrochemical makers.

  • Scientists will give pharmaceutical investors long-awaited updates Monday on research behind potential Alzheimer's disease treatments from Eli Lilly and Co., Pfizer Inc. and Johnson& Johnson.

  • *China's telecom gear makers pose potential risk- panel draft. 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.

  • LONDON, Oct 8- Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank.

  • *A company with the same address and ID number as the Toronto- based owner of a chartered bus that crashed on a New Jersey highway wasn't authorized to operate in the United States, documents indicate.

  • SINGAPORE, Oct 8- Asian credit was fairly quiet today as holidays in Japan and the United States drained liquidity from the market. The outstanding 2021 bonds of Citic Pacific were closing the session bid at 100.50, down 50 ct in price terms, after the Hong Kong conglomerate announced a new 10- year bond.

  • Iran, the world's No. 5 oil exporter, has tightened cyber security since its uranium enrichment centrifuges were hit in 2010 by the Stuxnet computer worm, which Tehran believes was planted by Israel or the United States.

  • (Pamela Eyring is the president of The Protocol School of Washington, which provides professional business etiquette and international protocol training. WASHINGTON, Oct 8- After an exceedingly bitter election in 1800, a victorious Thomas Jefferson sought to heal some rather raw wounds between the two warring parties.

  • It intercepted more than 80 percent of the targets it engaged in March when nearly 300 rockets and mortars were fired at southern Israel, the Pentagon said at the time. The drone was first spotted above the Mediterranean near the Hamas- ruled Gaza Strip to the west of Israel, said military spokeswoman Avital Leibovich.

  • *World Bank says China economic slowdown could get worse. LONDON, Oct 8- Brent crude oil fell below $111 per barrel on Monday on concerns slower economic growth would curb oil demand, but supply worries stemming from tension in the Middle East helped check losses.

  • TAIPEI, Oct 8- Taiwan's exports rose more than expected in September after six straight months of declines, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth.

  • Shares in Cookson slide as much as 18 percent to a year low and lead FTSE mid-cap fallers after the group warns on full-year profits due to tough trading at its ceramics division. Morgan Crucible, which also makes industrial ceramics, was dragged 8 percent lower.

  • BERLIN, Oct 8- Volkswagen's Audi. luxury-car division increased sales by 13.6 percent in September to 136,600 vehicles, powered by demand from China and the United States.

  • Benchmark crude for November delivery tumbled $1.51, or 1.7 percent, to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.

  • BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.

  • PARIS, Oct 8- Britain, France and Germany resumed talks on Monday to try to prevent a disagreement over state shareholdings wrecking a proposed merger of EADS and BAE Systems.