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October 18, 2011 05:43 AM

Tuesday Morning Business Brief

Stock prices finished lower in Monday trading, staging the biggest decline in two weeks. The Dow dropped 247 points to 11,397. The S&P was down 24 and the Nasdaq shed 53 points.
  • The government this morning releases figures on producer prices for September, with analysts looking for only a modest gain. Also this morning, the National Association of Home Builders reports on builder sentiment which has been depressed.
  • Overseas markets have been following Wall Street's lead and are headed downward today. China's report that its growth cooled to 9.1 in the third quarter is helping propel the decline. But Beijing says the falling growth rate is in line with its plans to keep it at a more sustainable level. Dow futures point toward a lower open on the New York Stock Exchange.
  • Washington Gov. Chris Gregoire is leading a delegation of U.S. governors to China this week. They're looking to explore new economic ties. The trip comes after a Senate vote last week to threaten China with sanctions over its currency policies. But Gregoire says it's no time for threats. She says a trade battle with China would further hamstring a struggling economy.
  • A new study finds more than twice as much of the rare eastern Atlantic Bluefin tuna is being traded than catch quotas allow. The Pew Environment says the amount traded on the global market exceeded the official quota by 141 percent last year, and the figures do not take into account the black market. The fish is a favorite at sushi bars across the globe.

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