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Florida’s financial industry struggled with problem loans and mounting losses in the third quarter.

Hanna Andersson LLC has been sold to Sun Capital Partners Inc. (KWD)

Homebuilder D.R. Horton is reporting losses for the fourth quarter of 2008, and for the year ending Sept. 30, 2008, as the company grapples with a marketplace where foreclosures and lagging consumer confidence are slowing new home sales. (DHI)

The Federal Deposit Insurance Corp. reports that the number of “problem” banks rose sharply in the third quarter.

Savings institutions and commercial banks insured by the Federal Deposit Insurance Corp. generated a total of $1.7 billion in income in the third quarter of 2008, a 94 percent drop from $28.7 billion in the same period last year, the FDIC reported on Tuesday.

Total expects to make a final investment decision on a major natural gas block in northern China in mid-2009 after submitting a development plan to CNPC.

Chevron has started producing crude oil from the North Duri Area in Indonesia and has tripled oil production with steamflooding that enables the recovery of more than 2 billion barrels of crude oil.

Ukraine's state energy firm Naftogaz said it has gas payment arrears of $2 billion to intermediary RosUkrEnergo, raising its previous debt estimate, though Gazprom puts it higher.

Prime Minister Nechiravan Barzani and Iraqi Oil Minister Hussain al-Shahristani announced that both sides would prepare for the future joining of two oilfields, Tawke and Taqtaq in the Kurdistan Region, to the main northern export pipeline to Ceyhan.

The Kingdom is close to finalizing a mega-deal with the Royal Dutch shell oil Company to tap the Kingdom's vast amounts of oil shale resources, an energy official said.