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TOKYO (AP) — Global shares meandered today as oil prices leveled out after surging the day before. South Korea's benchmark dropped after reports of fresh problems with the Galaxy Note 7 phone pulled Samsung Electronic's shares sharply lower. France's CAC 40 inched down 0.1 percent in early trading and Germany's DAX fell 0.2 percent. But Britain's FTSE 100 added 0.3 percent. U.S. shares are set to drift lower, with Dow futures slipping nearly 0.2 percent and S&P 500 futures down nearly 0.2 percent.
SEOUL, South Korea (AP) — Samsung Electronics says it is stopping production of its Galaxy Note 7 smartphones, a day after it halted global sales of the problem devices that contain batteries that could catch fire. Samsung says in a regulatory filing today that it has made a final decision to stop production for the sake of consumer safety. An official at the South Korean safety agency says the fact that Samsung's replacement Note 7s are also catching fire may mean they have a different defect.
PARIS (AP) — The International Energy Agency is urging OPEC countries to swiftly deliver on promised production cuts if they want to see a sustained increase in oil prices that will also help shore up their economies. In its monthly report today, the global watchdog says production from the Organization of the Petroleum Exporting Countries hit a record high in September of 33.64 million barrels a day. While supply is running high, the IEA says demand is slowing along with the global economy — a combination that could pressure oil prices.
GENEVA (AP) — The U.N. health agency is recommending that countries tax sugary drinks like soft drinks, sport drinks and even 100-percent fruit juices as way to fight obesity, diabetes and tooth decay. The World Health Organization says the prevalence of obesity worldwide more than doubled between 1980 and 2014, when nearly 40 percent people globally were overweight.
GARNER, Iowa (AP) — An Iowa company is recalling the cookie dough it sold to Blue Bell ice cream and other companies because it may be contaminated with listeria bacteria. Aspen Hills notified customers about the recall on Sunday, but it wasn't immediately clear whether any of the cookie dough had reached consumers because the company doesn't sell directly to consumers. Aspen Hills' cookie dough was implicated in last month's recall of Blue Bell ice cream.
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