As oil and gasoline prices plunge and the economy slumps, the ethanol industry has seen its fortunes decline rapidly.

Falling prices, credit woes and volatile costs for the corn from which ethanol is made are threatening producers.

In cutting across-the-board subsidies for biofuels, governments in Europe are discovering how difficult it can be to figure out whether a particular fuel has been produced in an environmentally friendly manner.

Congress is on the verge of telling American business to create a huge new industry capable of converting agricultural wastes and other plant material into automotive fuel.

Supporters of ethanol, a fuel made from corn, are gaining in their push to make it a major part of the nation's energy policy, despite persistent doubts about its economic and environmental benefits.

[PR Newswire] - Cresud S.A.C.I.F. y A. , today announces results for Fiscal Year 2010 ended June 30, 2010.

[at MarketWatch] - Chilean equities reach a new record closing higher after the country's central bank raises its growth outlook for gross domestic product this year. Also, one analyst sees more pressure ahead for shares of Brazilian oil giant Petrobras.

[PR Newswire] - Grupo Aeroportuario del Sureste, S.A.B. de C.V. , the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, today announced that on September 7, 2010, Compania Mexicana de Aviacion, S.A. de C.V. has been granted bankruptcy protection and that Mexicana Inter, S.A. de C.V. and Aerovias Caribe, S.A. de C.V. have also filed for bankruptcy protection.

[AP] - Pfizer Inc. said Wednesday its animal health unit and the American Kennel Club Canine Health Foundation entered an exclusive partnership on new areas of research on dog diseases and treatments.

[Business Wire] - SANTIAGO, Chile----LAN Airlines S.A. and its subsidiaries, , one of the leading airlines in Latin America, today reported its preliminary monthly traffic statistics and punctuality indicators for August 2010.

[at MarketWatch] - Chilean equities rise Wednesday, outperforming their regional rivals after the country's central bank raised its outlook for gross domestic product growth this year. Also, one analyst sees more pressure ahead for shares of Brazilian oil giant Petrobras.

[AP] - Pfizer Inc. said Wednesday its animal health unit and the American Kennel Club Canine Health Foundation entered an exclusive partnership on new areas of research on dog diseases and treatments.