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  • Oct 1- NEW YORK, October 01 Fitch Ratings believes, while airports globally are growing strongly, the differences in performance between airports across global regions are likely to continue due to local economic trends and choices by carriers.

  • Econ recovery likely _ benefiting election winner Monday, 1 Oct 2012 | 1:04 PM ET

    WASHINGTON-- Eventually, the economic recovery will pick up steam _ whether Barack Obama or Mitt Romney is in the White House. But first, Obama or Romney, together with Congress, will have to pull back from the widely deplored "fiscal cliff," the politically created budget abyss facing the nation at year's end.

  • *3 M in $860 million deal to buy Ceradyne. *Ceradyne shares surge 42.9 percent; 3 M, Honeywell also gain. 3 M said it would pay $860 million to buy industrial ceramics company Ceradyne Inc, the biggest takeover deal for the maker of products ranging from Post-It notes to films used in television screens since it named Inge Thulin chief executive officer in February.

  • Natural gas hits year high as glut fears ease Monday, 1 Oct 2012 | 1:03 PM ET

    NEW YORK-- Natural gas futures jumped 13 cents Monday, nearly 4 percent, to $3.45 per thousand cubic feet. Natural gas is up 24 percent over the past month and up 81 percent since hitting a 10- year low of $1.91 on April 19.

  • **CERADYNE INC, $34.92, up 42.9 pct** 3 M, $94.10, up 1.8 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.

  • Plane's loose seats force emergency landing in NYC Monday, 1 Oct 2012 | 1:01 PM ET

    NEW YORK-- American Airlines says a Boston- to- Miami flight had to make an emergency landing at New York's JFK airport over the weekend due to a row of seats that became loose. Passengers aboard the flight were placed on another aircraft for the trip to Miami. It says the FAA was notified of the problem and the airline's internal review.

  • Gretzky hopes for NHL labor deal by Winter Classic Monday, 1 Oct 2012 | 1:01 PM ET

    TORONTO-- The Great One is optimistic about the NHL's labor situation. Wayne Gretzky thinks the league's lockout will end before the showcase Winter Classic between the Detroit Red Wings and Toronto Maple Leafs.

  • Oct 1- Standard& Poor's Ratings Services will hold a telephone conference call on Thursday, Oct. 4, 2012 at 11:00 a.m. Eastern Daylight Time to discuss the outlook, key credit drivers and recent developments within the U.S. and European packaging sectors and what this could mean for specific packaging and packaging-focused forest products companies.

  • CVC to take over insurance firm Cunningham Lindsey Monday, 1 Oct 2012 | 11:58 AM ET

    Oct 1- Private equity firm CVC Capital Partners Ltd said on Monday it had agreed to buy a majority stake in Cunningham Lindsey Group Ltd in a deal that a source familiar with the matter said valued the insurance claims management company at up to $1 billion.

  • NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."

  • Oklahoma refinery blast probe could take months Monday, 1 Oct 2012 | 11:57 AM ET

    OKLAHOMA CITY-- A spokeswoman for the U.S. Department of Labor says determining the cause of an explosion at an Oklahoma refinery that killed one worker and critically injured another could take months. Elizabeth Todd says Occupational Safety and Health Administration investigators are at the scene in Wynnewood Monday and could be there for up to a week.

  • Glance: Red Lobster menu, circa 1968 Monday, 1 Oct 2012 | 11:56 AM ET

    Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.

  • *3 M in $860 million deal to buy Ceradyne. *Ceradyne shares surge 42.9 percent; 3 M, Honeywell also gain. 3 M said it would pay $860 million to buy industrial ceramics company Ceradyne Inc, the biggest takeover deal for the maker of products ranging from Post-It notes to films used in television screens since it named Inge Thulin chief executive officer in February.

  • McKesson will buy Med3000; terms not disclosed Monday, 1 Oct 2012 | 11:51 AM ET

    SAN FRANCISCO-- Prescription drug distributor McKesson Corp. said Monday that it agreed to buy Med3000, a health care management and technology service company. McKesson said the deal will expand its revenue management division. Shares of McKesson rose 34 cents to $86.37 in midday trading.

  • Huge tax increase looms at year-end 'fiscal cliff' Monday, 1 Oct 2012 | 11:50 AM ET

    WASHINGTON-- A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday.

  • NEW YORK, Oct 1- U.S. The Institute for Supply Management said its index of U.S. factory activity rose to a reading of 51.5 in September as new orders and employment picked up.

  • Honda recalls 600,000 Accords to fix faulty hoses Monday, 1 Oct 2012 | 11:47 AM ET

    DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.

  • Survey suggests little economic growth in Midwest Monday, 1 Oct 2012 | 11:45 AM ET

    OMAHA, Neb.-- Little or no economic growth is likely this year in most of the nine Midwest and Plains states covered by a survey of business leaders, but the booming oil business will continue to drive growth in North Dakota and Oklahoma, according to the report released Monday.

  • Oil higher after US manufacturing report Monday, 1 Oct 2012 | 11:45 AM ET

    Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Bass fishing and gas drilling meet in Pittsburgh Monday, 1 Oct 2012 | 11:43 AM ET

    PITTSBURGH-- Bass fishing, gas drilling and downtown Pittsburgh collided at a professional fishing tournament last week, and the unlikely partnership prompted cheers and concerns from anglers, environmentalists and the general public. One of the fishermen at the event said that even having a tournament in Pittsburgh is a sign of progress.

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