United States


  • SpaceX set for its first cargo run to space station Friday, 5 Oct 2012 | 5:51 PM ET

    Cape Canaveral, Fla., Oct 5- Space Exploration Technologies, the first private company to fly to the International Space Station, is poised to launch its initial cargo mission to the orbital outpost as part of a $1.6 billion contract with NASA to deliver supplies.

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

  • FAIRFAX, Va., Oct 5- President Barack Obama on Friday hailed a drop in the U.S. jobless rate to the lowest level since he took office, saying the country had "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney.

  • Exxon hit with new lawsuit over Yellowstone spill Friday, 5 Oct 2012 | 5:47 PM ET

    BOZEMAN, Mont.-- More than a dozen eastern Montana landowners filed a lawsuit Friday against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. Exxon Mobil spokesman Patrick Henretty said the company had not received the lawsuit.

  • Calif man accused of stealing from wine lockers Friday, 5 Oct 2012 | 5:47 PM ET

    SANTA ANA, Calif.-- The operator of a California business where the public can store wine bottles has been charged with stealing nearly $3 million in vintage wines from clients' storage lockers. Osumi's arraignment in Orange County Superior Court was postponed from Friday until Nov. 2.

  • Jobs report brings down debate high in Romney camp Friday, 5 Oct 2012 | 5:46 PM ET

    ABINGDON, Va.-- The cheering stopped on Mitt Romney's campaign plane Friday morning. The day before, aides had whistled and clapped when the Denver control tower commended the Republican presidential nominee's debate performance.

  • AIG announces amended 4-year, $4B credit facility Friday, 5 Oct 2012 | 5:45 PM ET

    NEW YORK-- Insurance giant American International Group Inc. said Friday it has agreed on terms of an amended four-year, $4 billion credit facility. Thirty-four banks took part in the facility, with units J.P. Morgan Securities and Citigroup Global Markets acting as leads.

  • NEW YORK, Oct 5- U.S. crude futures fell 2 percent on Friday and posted a loss for the week as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report. For a complete report on oil markets, double click on. SETTLE NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL.

  • Problems found at peanut butter plant in 2010 Friday, 5 Oct 2012 | 5:37 PM ET

    The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. FDA has found problems at Sunland before.

  • Schmitt Industries promotes Fitzhenry to CEO Friday, 5 Oct 2012 | 5:32 PM ET

    PORTLAND, Ore.-- Schmitt Industries Inc. said Friday that President James Fitzhenry will replace Wayne Case as CEO. Fitzhenry, 57, has been president of the company since June 2009. It reported $14.4 million in revenue in its most recent fiscal year.

  • W&T closes purchase of Newfield's Gulf properties Friday, 5 Oct 2012 | 5:27 PM ET

    NEW YORK-- Oil and gas producer Newfield Exploration Co. said Friday that it completed the sale of its Gulf of Mexico exploration and production properties to W&T Offshore Inc.. Newfield shares rose 18 cents to close at $30.54. W&T Offshore fell 34 cents to close at $18.87.

  • *Merchandising chief moves to True Religion Apparel. Oct 5- Wet Seal Inc replaced four board members with Clinton Group nominees, putting the activist investor in a stronger position to push for a sale of the struggling clothing retailer.

  • Oct 5- Standard& Poor's Ratings Services said today that it assigned its' BB-' issue-level rating to Sunnyvale, Calif.- based Blue Coat Systems Inc.' s $25 million revolving credit facility and $500 million first-lien term loan. Blue Coat intends to use the proceeds to redeem $487.8 million of its existing first- and second-lien term loans.

  • Oct 5- Amazon.com Inc said on Friday that it will spend more than $1 billion to buy its corporate headquarters in Seattle from Microsoft Corp co-founder Paul Allen's investment firm. Amazon said it expects to close the deal in the fourth quarter.

  • Campbell gave new CEO $7.4 million pay package Friday, 5 Oct 2012 | 5:18 PM ET

    NEW YORK-- Campbell Soup CEO Denise Morrison, who is looking to revive the company's fortunes, was given a pay package worth $7.4 million for her first year on the job.

  • US unemployment below 8 pct, first time since 2009 Friday, 5 Oct 2012 | 5:17 PM ET

    WASHINGTON-- The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign. It fell because a government survey of households found that 873,000 more people had jobs, the biggest jump since January 2003.

  • TEXT-S&P puts all BWAY ratings on watch developing Friday, 5 Oct 2012 | 5:14 PM ET

    --An affiliate of Platinum Equity has entered into a definitive agreement to acquire BWAY Parent Co. Inc. in a transaction valued at approximately $1.24 billion. --To resolve the CreditWatch, we plan to assess the impact of the acquisition on Atlanta- based BWAY Holding Co.' s financial profile to resolve the CreditWatch.

  • Celadon says quarter will beat market expectations Friday, 5 Oct 2012 | 5:09 PM ET

    INDIANAPOLIS-- Celadon Group Inc. expects its fiscal first-quarter results will beat market expectations as a result of recent acquisitions and cost-control measures. Celadon expects to earn 34 to 36 cents per share for the quarter that ended Sept. 30.

  • *Nonfarm payrolls rose 114,000 in September* Unemployment rate falls to 7.8 percent, lowest since 2009* Household survey shows most job gains since 1983* Average hourly earnings gain 7 cents* Report is second to last before Nov. 6 elections By Lucia Mutikani.

  • News Summary: Madoff fraud's last days recounted Friday, 5 Oct 2012 | 5:03 PM ET

    FRAUD'S FINALE: A newly rewritten indictment this week has revealed details of the final days of Bernard Madoff's Ponzi scheme, which authorities say cost investors an estimated $17.3 billion.