The markets closed lower with the Dow plummeting 107 points to 10,340 after revelations that European banks may be holding more risky debt than originally disclosed.

The Rosen Law Firm initiated an investigation into China-Biotics Inc. (Nasdaq: CHBT) for possible federal securities law violations sending the stock price tumbling $1.40 to close at $10.65....

Casey's General Stores Inc. (Nasdaq: CASY) rejected Alimentation Couche-Tard's $38.50 per share acquistion offer to pursue a $40 per share cash offer from an unnamed suitor. The stock price soared $3.86 to close at $42.76....

GT Solar International Inc. (Nasdaq: SOLR) stockholder GT Solar Holdings will sell 10 million of its common shares sending the stock price down $1.02 to close at $7.76....

Renewed concerns about risky European bank debt sent the markets down during the midday with the Dow falling 80 points to 10,368.

LONDON (Reuters) Stock index futures pointed to a slightly lower opening for U.S. shares on Wednesday, extending a decline from the previous session, as worries about the financial health of the euro zone's banks resurfaced. * At 0841 GMT futures for the Dow Jones, S&P 500 and Nasdaq were down between 0.1 and 0.2 percent.

TORONTO/SINGAPORE (Reuters) - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

HOUSTON (Reuters) - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

XIAMEN, China (Reuters) - The dollar will remain the world's dominant currency for a long time, and the yuan will only gradually emerge as an alternative, Chinese Commerce Minister Chen Deming said on Wednesday.

SINGAPORE (Reuters) - Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings.

NEW YORK (Reuters) - John Lennon's killer was denied parole for the sixth time on Tuesday, three months before the 30th anniversary of the former Beatle's death.

NEW YORK (Reuters) - Tropical Storm Hermine barely maintained its tropical storm status on Tuesday as 40 mile per hour winds kept lashing south Texas and the storm moved further inland about 15 miles south-southeast of San Antonio, Texas, the National Hurricane Center said.

WASHINGTON (Reuters) - A U.S. judge refused on Tuesday to lift a ban on federal funding of human embryonic stem cell research despite Obama administration warnings it would set back key research and cost more than a thousand jobs.

WASHINGTON (Reuters) - U.S. religious leaders on Tuesday condemned an "anti-Muslim frenzy" in the United States, including plans by a Florida church to burn a Koran on September 11, an act a top general said could endanger American troops abroad.

BIRMINGHAM, Alabama (Reuters) - An Alabama judge said on Tuesday he would appoint a receiver to oversee the sewer system revenues of debt-ridden Jefferson County, in a setback for county authorities.

TAIPEI (Reuters) - Taiwan will deploy a new missile defense system by 2015 to protect bases from any attack by rival China, an official said on Wednesday, a sign that military distrust still runs deep despite a thaw in trade ties.

JERUSALEM/LONDON (Reuters) - Anticipating fresh bids by pro-Palestinian activists to sail against its Gaza Strip blockade, and hoping to avoid a repeat of its bloody boarding of a Turkish aid ship in May, Israel has turned to maritime law.

BRUSSELS (Reuters) - The former head of Belgium's Roman Catholic Church has admitted he made mistakes in dealing with a case of sexual abuse and should have demanded the resignation of the bishop involved.

PARIS (Reuters) - French President Nicolas Sarkozy, speaking a day after nationwide protests over pension reforms, said he would not back down on plans to raise the retirement age.

TOKYO/BEIJING (Reuters) - Japan has arrested the captain of a Chinese fishing boat that collided with two Japanese coast guard boats near disputed islets in the East China Sea, causing anger in Beijing and reigniting territorial tensions.