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U.S. needs gas tax, 50 mpg standard -Hess CEO

The U.S. needs to levy high taxes on gasoline and to require tougher automobile fuel efficiency standards to conserve energy, the chief executive of one of the country's biggest oil companies said on Tuesday.
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Roche files $545 mln lawsuit vs Credit Suisse

Swiss drugmaker Roche Holding has filed a lawsuit against Credit Suisse in the U.S. after two former directors at the bank, later charged with fraud, sold the company $545 million in risky securities.
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Hyatt sets terms of IPO, pricing imminent

Hyatt Hotels Corp set the size and price range of its planned initial public offering, suggesting the launch of the $931 million deal is imminent despite signs of feuding within the controlling Pritzker family.
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Cerberus plans IPO for rifle and ammo maker-WSJ

Private equity firm Cerberus Capital Management is in advanced preparations to take rifle and ammunition maker Freedom Group Inc public, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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Coca-Cola 3rd-qtr sales miss; shares slip

Coca-Cola Co reported lower-than-expected quarterly revenue, hurt by declines across all its businesses, and said a weak economy would keep consumers under pressure next year, sending shares down 2.4 percent.
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Biogen 3rd-qtr profit beats; Tysabri data mixed

Biogen Idec Inc reported third-quarter earnings on Tuesday that topped expectations, but data related to its controversial multiple sclerosis drug was mixed and its shares fell 1.5 percent.
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Coca-Cola third-quarter sales miss; shares slip

Coca-Cola Co reported lower-than-expected quarterly revenue, hurt by declines across all its businesses, and said a weak economy would keep consumers under pressure next year, sending shares down 2.4 percent.
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Iran honors Guards killed in attack, blames U.S

Iran's military accused the United States and Israel of terrorism as it held a funeral on Tuesday for high-ranking commanders killed in the deadliest attack in the Islamic Republic since the 1980s.
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Healthier U.S. school meals boost costs: study

Improving nutritional value of U.S. school food programs by increasing servings of fruits, vegetables and whole grains could increase the cost of breakfast by as much as 25 percent and lunch by 9 percent, according to a report released on Tuesday.
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Coca-Cola third-quarter sales miss

Coca-Cola Co reported lower-than-expected quarterly revenue, hurt by declines across all its businesses, and said a weak economy would keep consumers under pressure next year, sending shares down 1.5 percent.
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July 4 swine flu outbreak shows pattern of virus

More than 100 new cadets at the U.S. Air Force Academy got infected with swine flu at July 4 barbecue and fireworks display but quick isolation measures got it under control within two weeks, researchers reported on Tuesday.
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Obama welcomes Karzai runoff decision

U.S. President Barack Obama on Tuesday welcomed Afghanistan President Hamid Karzai's acceptance of a run-off election on November 7, saying it was an important step forward for democracy.
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Review confirms AIDS vaccine may have worked

Doctors who surprised the world of AIDS research with a study showing a vaccine prevented some HIV infections released details of their findings on Tuesday and said careful review showed they held up.
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Oil company Hess says could seek external funding

U.S. oil major Hess Corp said it could pursue external funding options, such as debt or share issues, if its own cash flows are, as some analysts predict, insufficient to meet the cost of developing its projects.
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Battle intensifies as Taliban retake Pakistani town

Taliban militants attacked Pakistani forces and recaptured a strategic town on Tuesday while two suicide bomb blasts at an Islamic university in the capital killed six people and wounded at least 20, officials said.
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Groups urge EU to block Oracle's plan to buy Sun

EU regulators should block Oracle Corp's plan to buy open source database MySQL via its takeover of Sun Microsystems Inc as Oracle may hinder MySQL's development, two technology and consumer groups said.

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