Reuters - Oil prices dropped more than $6.50 per barrel on Tuesday, the biggest drop in dollar terms since 1991, as dealers bet the U.S. oil industry would recovery quickly from Hurricane Gustav.

Reuters - Alcatel-Lucent named its new top management on Tuesday as Philippe Camus, a former key executive at planemaker Airbus's parent EADS , and Ben Verwaayen, the former head of British Telecom .

Reuters - State-owned Korea Development Bank (KDB) confirmed on Tuesday it was in talks with Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks, sending local banking shares lower.

Reuters - Several major U.S. refiners said early checks on Monday showed their facilities were unharmed by Hurricane Gustav, but at least two others were said to be considering dipping into the U.S. Strategic Petroleum Reserve to keep operations going after the storm shut down key waterways.

Reuters - Commerzbank outlined its plans to cut 9,000 jobs and shrink investment bank Dresdner Kleinwort to a rump after buying Dresdner Bank, but investors were unhappy about the $14.5 billion deal.

Reuters - Energy companies waited anxiously on Monday as Hurricane Gustav lurched across the nation's largest concentration of oil platforms and refineries in the biggest threat to fuel supplies since 2005.

Reuters - Commerzbank plans to cut almost 2 billion euros ($3 billion) in costs by slashing 9,000 jobs and shrinking investment bank Dresdner Kleinwort after buying Dresdner Bank, but investors appeared unconvinced by the deal.

Reuters - Financial markets began the month pressured on all sides on Monday with Hurricane Gustav lifting the price of oil, economic fear driving equities lower and gloom about Britain's downturn knocking sterling to a 12-year low.