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  • Oct 25- Asset manager Franklin Resources Inc said on Thursday its quarterly profit rose and just beat Wall Street expectations, but revenue fell and expenses increased. For its fiscal fourth quarter ended Sept. 30, Franklin said net income rose to $492.1 million, or $2.31 per share, from $416 million, or $1.88 per share, in the same period a year earlier.

  • LOS ANGELES-- Reliance Steel& Aluminum Co.' s third-quarter net income climbed 16 percent, helped by an inventory credit. The metals service-center company reported Thursday that it earned $98.1 million, or $1.30 per share, for the three months ended Sept. 30. For the fourth quarter, Reliance Steel& Aluminum anticipates earnings of 90 cents to $1 per share.

  • SAN RAMON, Calif.-- Chevron Corp. said Thursday that it found natural gas during exploratory drilling off the coast of western Australia. San Ramon- based Chevron's Australian subsidiary is operating the project and owns 50 percent, with units of Royal Dutch Shell and Exxon Mobil Corp. each holding 25 percent.

  • McALLEN, Texas-- Stephan T. Wingert was named publisher Wednesday of The Monitor newspaper and as regional vice president responsible for all AIM Media Texas properties in the Rio Grande Valley.

  • NEW YORK, Oct 25- U.S. consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country's already slow-moving economy.

  • LOS ANGELES-- Occidental Petroleum saw third-quarter profit fall 22 percent as an increase in production was offset by lower oil and natural gas prices. Occidental reported net income of $1.38 billion, or $1.69 per share, in the quarter that ended Sept. 30.

  • LOS ANGELES-- Imax Corp. said Thursday its third-quarter profit jumped 79 percent, as the company installed its systems in more theaters and made more money from converting movies to the Imax format. The news pleased investors and Imax shares jumped in morning trading.

  • LOS ANGELES-- Four years after a private eye went to prison for wiretapping phones of the rich and famous on behalf of celebrities and Hollywood heavyweights, his clients are facing hefty bills for his skullduggery.

  • California: Up 26,935, due to layoffs in all sectors, particularly the service industry. Florida: Up 3,947, due to layoffs in agriculture, construction, manufacturing, retail and services. Ohio: Up 1,936, due to layoffs in transportation and manufacturing.

  • The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

  • INDIANAPOLIS-- Shopping mall operator Simon Property Group said Thursday that a key measure of profitability rose in its third quarter as rents increased and occupancy improved. Simon Property Group Inc.' s funds from operations, or FFO, rose to $720.1 million, or $1.99 per share, from $606.2 million, or $1.71 per share, a year earlier.

  • KINGSTON, Ontario-- Former Broadway theater mogul Garth Drabinsky has been granted day parole and will be released to a Toronto halfway house to serve the remainder of his sentence for fraud following an emotional hearing on Wednesday where he denied guilt and said he never should have been CEO.

  • LEESBURG, Va.-- In many ways, it's an odd topic to make a central campaign issue: sequestration. Many voters greet the word with a blank stare or slightly glazed eyes, and when Republican George Allen brings up the issue in his Senate campaign, he first has to explain what he's talking about.

  • CHICAGO-- People who collapse from cardiac arrest in poor black neighborhoods are half as likely to get CPR from family members at home or bystanders on the street as those in better-off white neighborhoods, according to a study that found the reasons go beyond race. The findings suggest a big need for more knowledge and training, the researchers said.

  • NEW YORK-- Prescription drug distributor McKesson Corp. is expanding its medical supplies business by buying PSS World Medical Inc. for about $1.46 billion. McKesson said Thursday it will pay $29 per share for PSS World, a 34.3 percent premium over Wednesday's closing price.

  • LOS ANGELES-- Britney Spears' ex-manager described from the witness stand Wednesday a scene of domestic warfare, saying the superstar's father chased him around a kitchen, punched him and threatened his life. Sam Lutfi, who is suing Spears' parents for defamation, testified while they watched from across the courtroom.

  • WASHINGTON-- The number of Americans seeking unemployment benefits likely stabilized last week after seasonal factors distorted the previous two weeks. The Labor Department will release the report at 8:30 a.m. EDT Thursday. The Labor Department cautioned that the two weeks were affected by technical factors.

  • *Pension fund says San Bernardino has no plan. Oct 24- America's biggest public pension system filed a formal objection on Wednesday to a quest by San Bernardino to seek bankruptcy protection, citing the ``disarray'' in the Californian city's finances. San Bernardino, a city of 210,000 people 60 miles east of Los Angeles, declared bankruptcy on Aug. 1.

  • LAS VEGAS-- The Las Vegas area is getting further away from its dubious title as foreclosure capital of the country. Realtytrac reports one in every 139 housing units in Las Vegas saw some sort of foreclosure filing in the third quarter.

  • SAN FRANCISCO, Oct 24- Amid the fanfare accompanying the noisy launch of the iPad mini this week, Apple Inc also took the wraps off new Mac computers.