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Top News & Analysis United States

  • *Massachusetts lawmaker pledges bill to strengthen FDA. *Senators request briefing with FDA, CDC staff. WASHINGTON, Oct 9- Congressional Democrats on Tuesday called for a probe of a deadly meningitis outbreak in nine states, raising questions on issues ranging from the timing of the official response to the possible role of health insurers including Medicare.

  • NEW YORK, Oct 9- Booker-prize-winning author John Banville explores the nature of memory or, as he would prefer to call it, imagination in his latest book.

  • Oct 9- Best Buy Co Inc's chief financial officer, James Muehlbauer, is leaving the embattled retailer after more than a decade, the company said on Tuesday. Best Buy, which appointed a new chief executive in late August, said it was looking for a replacement.

  • *Wells Fargo, the No. 4 U.S. bank, denies allegations. Oct 9- The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo& Co, the latest legal volley against big banks for their lending during the housing boom.

  • WASHINGTON-- Two Democratic lawmakers on Tuesday called for stricter federal oversight of compounding pharmacies in the wake a deadly meningitis outbreak linked to contaminated injections made by a Massachusetts specialty pharmacy.

  • OTTAWA, Oct 9- Canada indicated strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd from helping to build a secure Canadian government communications network because of possible security risks.

  • *Britain, France had proposed state shareholding cap. *Germany demands parity with France, key headquarters. PARIS/ BERLIN, Oct 9- Plans for a $45- billion merger between EADS and BAE Systems veered towards collapse late on Tuesday as Germany appeared ready to block the deal in a row over national stakeholdings.

  • WAL-MART'S SAME-DAY DELIVERY SERVICE: Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. THE DETAILS: Wal-Mart's tests started this month in northern Virginia and Philadelphia.

  • MELBOURNE, Oct 10- Australian shares may ease from 14- month highs on Wednesday after U.S. stocks fell on concerns over third-quarter earnings, although energy companies may be boosted by a sharp rise in oil prices. *Energy companies such as Woodside Petroleum.

  • *Richmond outage cut Chevron's 3rd quarter 2012 output. HOUSTON, Oct 9- Chevron Corp said on Tuesday the central crude oil refining unit at its 245,000 barrel-per-day Richmond, California, refinery would remain shut for the rest of the year.

  • Oct 9- Best Buy Co Inc's chief financial officer, James Muehlbauer, is leaving the embattled retailer after more than a decade, the company said on Tuesday. Best Buy, which appointed a new chief executive in late August, said it was looking for a replacement.

  • Bankruptcy Judge Martin Glenn approved on Tuesday a $71.5 million settlement between former partners of Dewey& LeBoeuf and the bankrupt law firm's estate. The settlement requires former Dewey partners to pay portions of their compensation, ranging between $5,000 and $3.5 million individually, in exchange for a release from potential clawback claims.

  • Oct 9- Stronger demand for aluminum products from airplane and automobile producers helped Alcoa Inc's third-quarter profit beat Wall Street's expectations, offsetting weak aluminum prices and worries about China's slumping economy.

  • WASHINGTON, Oct 9- A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as "obsolete" a Reagan-era model of tax reform.

  • SEATTLE, Oct 9- Microsoft Corp Chief Executive Steve Ballmer got a lower bonus than last year's, partly for flat sales of Windows and his failure to ensure that the company provided a choice of browser to some European customers.

  • NEW YORK-- Wal-Mart Stores Inc. executives are expected to brief Wall Street analysts Wednesday on topics ranging from the retailer's plans to expand its small stores to its strategies for improving profitability in its overseas business.

  • WASHINGTON-- Interest rates on short-term Treasury bills rose in Tuesday's auction with rates on six-month bills climbing to the highest level since early July. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.100 percent, up from 0.085 percent last week.

  • --Coffeyville Resources LLC's indirect subsidiary CVR Refining LLC is issuing $500 million of second lien notes initially guaranteed by Coffeyville Resources. We expect that CVR Refining LLC will then become a subsidiary of the MLP, its $500 million notes will become unsecured debt, and the Coffeyville guarantee will fall away.

  • LONDON, Oct 9- British online fashion retailer ASOS is set to appoint Kate Bostock, the former head of general merchandise at Marks& Spencer, as a senior executive, according to an industry source. She could be officially named in her new post, reporting to ASOS Chief Executive Nick Robertson, as early as Wednesday.

  • Oct 9- In a step toward resolving U.S.- China tensions over corporate auditing, U.S. regulators said on Tuesday they have finalized an agreement to let them begin observing corporate audits in China.